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PROJECT HAMMER Covert Finance and the Parallel Economy PROJECT HAMMER Covert Finance and the Parallel Economy The off-ledger trading programs operated by some central and international banks launder massive amounts of money and provide vast sums to fund covert ‘black budget’ projects. Part 1 of 2 roject Hammer is all about money. Stupendous great gobs of money. So much money, in fact, that it will challenge whatever reality you thought you had about the over-world of banking, finance and economics. It is also about the nether world of international banking and finance, a world that is said not to exist in reality. But exist it does. More often than not, this never-never-land of international banking is concealed from public view by the judicious use of two sets of books. It is also eclipsed from interested investigators by a never-ending series of real frauds that result in arrest and imprisonment This creates the clever illusion that the only thing going on are artful scams designed to fleece the unwary. Such swindles fall under the general category of High Yield Investment Programs, Front End Fee frauds and Prime Bank Note schemes. Numerous law enforcement cases such as these, when twinned with dire "beware" warnings published on FBI, US Treasury and other websites, easily lead one to conclude that there are no such things as "real" trad- ing programs. And the powers that be don't at all object to this conclusion being reached. It is the old case of hiding trees in a forest. A key point to keep to the fore in what follows is that trading programs operate "off ledger". That is to say, the banks and central banks that operate them run two sets of books: one set for public scrutiny, and another set for private viewing only. Another fact to bear in mind is that authorised programs generate quite spectacular profits for very lit- tle—in fact, minuscule—risk, and those who are invited to participate as funders accumu- late capital at a shockingly rapid rate. One reason, perhaps, why the wealthy get altogeth- er wealthier as the poor sink ever lower into the mire of poverty. The financial, banking and economic shadow-world in which Project Hammer lived, breathed and manufactured money "out of thin air" is the dirty little secret of the Western economy. It is a form of money creation that is effectively unchallenged by any form of oversight or accountability as we understand it. Hammer and numerous other transac- tions like it are based on what are known as Collateral Trading Programs, although many other descriptive names and terms are also used.' The reason for such programs is to create vast pools of ready money that are earmarked for use in sanctioned (authorised) operations and projects. On the plus side, many benefi- cial projects throughout the world get funded as a result of program trading. On the neg- ative side, there are more shadowy projects. Included in the latter category are certain black operations. The amalgamated pool of funds created and now held in dormant and orphaned bank accounts runs to trillions of dollars, according to insiders. At the low end of estimates, there is believed to be enough to pay off the US national debt plus some change. At the higher end, estimates range up to hundreds of trillions of dollars. I have been repeatedly told, almost matter-of-factly, that the higher estimates are closer to the truth. I simply don't know how big the sums amount to, but I can document US$12 trillion. This sum is revealed in the late Baron Krupp papers that form part of the exhibits of the companion volume to dossier The Secret Gold Treaty (http://www.deepblacklies.co.uk). Many different sources say that programs are also used to launder money by spinning it through a program cycle until it is pristine clean. Drugs, guns and the usual array of dirty money transactions are said to feature. Since US dollars are the cornerstone of all program activity, Uncle Sam naturally gets a bite of the action. A percentage of the proceeds is collected via private tax treaties by David G. Guyatt © 2001 c/- NEXUS Office 55 Queens Road East Grinstead, W. Sussex RH19 1BG United Kingdom Email: goldbug@goldbug99. freeserve.co.uk Website: www.deepblacklies.co.uk NEXUS 35 by David G. Guyatt © 2001 DECEMBER 2001 — JANUARY 2002 www.nexusmagazine.com