UK Parliament Member Lord James of Blackheath Alleges 15 Trillion Dollar Fraud Involving the Fed and Imaginary Gold

George Washington's picture

British Parliament member Lord James of Blackheath has alleged in a speech before Parliament an elaborate fraud involving the US government lying about hundreds of thousands of tons of imaginary gold, illegal wire transfers and loans totaling $15 trillion:

We have no idea whether Lord James is onto something big ... or has fallen prey to the equivalent of a Nigerian internet scam.

As the Independent notes:

The House of Lords was treated to a 10-minute speech last week by Lord James of Blackheath, from whom we have not heard much since he announced in 2010 that he was in touch with Foundation X, a "genuine and sincere" secret organisation that wanted to lend the British government £75bn.

David James was a City businessman commissioned by the Tories, in opposition, to report on ways of eliminating government waste. Last week, the 74-year-old peer was exercised about a story he has picked up that $15trn – that is $15,000,000,000,000 – belonging to "the richest man in the world", Yohannes Riyadi, was deposited in 2009 in the Royal Bank of Scotland. Lord James said he remains baffled after a two-year pursuit of the story, but has all the information on a memory stick, which he is offering to hand over to the Government.

His documents include a letter from the Bank of Indonesia telling him the whole story is a "complete fabrication". He took his concerns to the Treasury minister, Lord Sassoon, who said: "This is rubbish. It is far too much money. It'd stick out like a sore thumb and you can't see it in the RBS accounts."

And an alert Financial Times blogger said that had Lord James googled "Yohannes Riyadi", the first item to come up would be a warning from the Federal Reserve Bank of New York that the name is part of an internet scam designed to get money from the gullible. Two agents are trying to trace who is behind it. Perhaps Lord James should offer his memory stick.

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blunderdog's picture

This fella's a bit of a joke.

Of course it could all be true--which just goes to show you, if you're the richest man on the planet, you don't want all your wealth stored as "paper."

'Cause when the day comes you show up with $15 trillion in bonds (to...I California or something?),


max2205's picture

Lsd is legal in the UK

DarkStarDog's picture

Everything is fake. The best way to win is not to play.

Overdrawn's picture

Life was so much simpler for the Establishment in the  good old swashbuckling days, when they just had to send out ships to rob Spanish merchants carrying gold from the new world.


FunkyOldGeezer's picture

The noble Lord was scammed. Pure and simple.

Tompooz's picture

Trillions in "fake" bonds intercepted in Italy, more trillions found in a Zuerich safe (in a hidden space), more "very high quality fakes" found in the Philippines.

Authentic looking boxes, stamped 'property of the US Treasury'.

Lawsuits in Australia and now NY regarding dishonored but 1934 issued bonds and gold-certificates issued in exchange for *real* gold transferred to the Fed.

Where there is smoke there is fire. What all these elaborately printed documents have in common is that they contain VERY OBVIOUS "MISTAKES" in names or numbers that no forger would have made, but that were originally said to serve as a code.

These deliberate "mistakes" served instead as the means to dishonour all these obligations 75 years later.

amitmittal's picture

The Fed carries Gold certificates. which depository act has the gold?

covert's picture

english people have strange ways of thinking.


strannick's picture

"Fake government bonds" seems to be an oxymoron. Whats the difference?

supermaxedout's picture

It doesnt matter at all.

Its nice to read and who knows if its true, but what the hell for a difference does it make now at this decisive time. Its just distracting from the reality which is mattering.

Gold is on the march. The Dollar on its knees, kept alive only through the military and by fraud of all kinds and of gigantic seize.  Japan, dumped the Dollar, Iran trades its oil for gold. The US has now to decide whether to continue its agression in Syria and beyond to Iran or to stop and pull in its tail.

One thing is clear in my opinion. The moment the US cuts the oil supply of China then we have financial armageddon for all the fiat currencies as far as its external value is concerned. China, can destroy the Dollar just by re-adjusting the Dollar peg to their currency. Then out of a sudden all prices in Dollar would skyrocket to unbelievable highs called worldwide hyper inflation. Then only gold is left standing as a medium for international trade and payments. And this gold is not anymore given for worthless Dollars. One pays for goods (made in China)  then in gold or he simply can not get it. Or for oil and other raw materials. Out of a sudden all these vagabonding US Dollars which were used the whole time as the world currrenciy would find no acceptance anymore. Thats the end of the US Dollar and the end of the US financial hegemony.

My opinion. This would be the hardest possible landing  except for a thermonuclear war. But  one has to be happy that there is still a landing and that it is not the end of mankind. So in short. The time after this crash landing would be extremly tough for the people all around the world but  over the time things would balance and the people can adjust to the new economic realities and find their way. Everywhere.  This would be a huge advantage compared to the situation now were everybody fears the future because nobody has a clue how all this is ending.

How did Churhill say: We have nothing to fear but the fear. Happy Landing, somehow, some day.


uranian's picture

blackheath says he has originals of the receipts signed by the directors of RBS for these trillions, as well as a bunch of other original documents. he's therefore either lying or insane; you be the judge. i confess i'm reminded of fulford's interview with david rockefeller, the only interview i've ever seen with that particular old man, and this was after the fulfordian ninjas went public. 10x as much gold in the world as official? not hard to believe at all, i think...china funding the expansion of the US? that'd be a change for the history books, wouldn't it? that the boxes look original too, this is all either a very sophisticated psyop (though the motive eludes me), or a conspiracy up there with the cover up of tesla's work and "UFO"s (related in themselves). i don't think we've seen the last of this story, anyway, end of march is apparently the latest date for the ninjas to march, and there are threads flying on various conspiracy forums pointing out how a lot of senior financial figures (govt. and banks) are resigning lately...i suspect the truth of whatever the fuck is going on will surprise us all, at least :)

putaipan's picture

very well integrated thoughts on the matter....but then you are from urania.

Zero Govt's picture

it's Tiny Turbo Tim GW

has all his hallmarks: countefeiting, large sums of worthlessness, fraud, a botched job and total farce 

...all the sure signs of a US Treasurer


slackrabbit's picture


I think the point that he is making in the speech is that from his investigations in to the scam is that bank executives seem to have signed off at various points....meaning either they are incompetent in their security and fraud standards or 'something else'.

What that else is, we do not know...but that fact it got so far in to the banking system is his REAL concern. My guess is, they were lazy, a document came though and they just signed it off without looking at it....robo-signing 3.0 - i.e. don’t put down to malice, what incompetence or laziness can more easily explain



MayerRothschild's picture

Wow, a politican learned about fratactional reserve banking...


Yet forgets who runs/owns the IMF... Or understand that the dollar is fiat.

harmonymonkey's picture

Mr. Washington has been beating this drum for a few days, with multiple posts.  Why?  An unfortunate burden associated with the name George Washington is that cherry tree thingy...


George Washington's picture

Wrong ... it is my first post on the subject.

Thanks for playing ...

dolly madison's picture

Yeah I've been waiting fo this stry to get to zh, so I know GW didn't post it multiple times.

Colonial Intent's picture

Me too, ZH seem to be behind the curve lately, hopefully its temporary:-)

Mike Cowan's picture

George Washington the Blogger wants Iran to develop nuclear weapons. I have stopped listening to him long ago. I wish Zero Hedge would stop highlighting this GW.

Strongbad's picture

99% of people who tough talk about Iran have absolutely no intention of signing up for the military when the shooting starts.  Am I right in assuming you are in this group?

Hapte's picture

I wish people (pussies/armchair <insert occupation>) like you would personally go off to die in your imperialist wars.

Or, maybe send your kids.

FeralSerf's picture

With a name like "Cowan", I can understand why you might not want Iran to have nuclear weapons.

There is a school of thought that argues that the world is safer if Iran has the wherewithal to balance Israel's nuclear threat.  No matter what is said, it is unlikely you would understand the logic.

UnderDeGun's picture

Unfortunately, everyone that attends that school arrived on the short bus.

AndrewCostello's picture

It's guys like this gullible idiot who are in charge of our countries?????


No wonder we are in so much trouble.



Dead Canary's picture

Honey, have you seen my tin foil hat!

brokenclock's picture

We have no idea whether Lord James is onto something big ... or has fallen prey to the equivalent of a Nigerian internet scam.


now that's funny :)


sasebo's picture

Who sold all that paper gold today? And for what? Dollars? Not overly bright.

FeralSerf's picture

1)  JP Morgue

2) Yes, US dollars.

3) No problem -- the dollars will have plenty of company in the bank's vaults. If any losses result from this transaction, the taxpayer's (borrowed) money will cover them.  No problem.

Cole Younger's picture

He looks like he is about to be killed. Very nervous...

BeetleBailey's picture

Moreover, he speaks to a virtual empty house....

Waiting for the BBC to announce his demise now. Methinks MI-6 has an assassin tasked to this already. Untraceable poison tipped blow-gun ice dart, inducing massive stroke. Real Bondish stuff. Must wait for the right opportunity.....this to die down a bit....


Toddle off......tut tut.....cheerio....that sort of rot.

engineertheeconomy's picture

If he's refering to the GLD as being imaginary gold...

he is correct

mt paul's picture


mixed with disinformation 

to confue the sheep...

non_anon's picture

a fraud like the FedRes knows the scam and uses it itself

Manthong's picture

We'd probably get a straighter deal if Nigerians ran the Fed.

sgorem's picture

NEWS FLASH: Feb. 29th, 2012: Lord James was found dead, naked, spray painted in gold, with a horses head found beside him in bed, at the Royal Castle of Thingamajig. Police are investigating.

FeralSerf's picture

It's already been explained.  Police have determined that Lord James was depressed and committed suicide.  He spray painted himself naked and put a horse's head in his bed before he took his life.  His family will miss him as will all of England.

erumisato's picture

That was a hell of a read. The link to a speech of his on the House of Lords regarding "Hermann Göring having sexual congress with a lady kangaroo" either removes all credibility from Lord James, or cements him as a true Lord among men. I'm in no particular hurry to decide which.

laomei's picture

Wilfredo Sarabia Saurin.... sigh

JW n FL's picture

Scam Involving Yohannes Riyadi and/or Wilfredo Saurin
November 2007

The Federal Reserve is aware of a fraudulent scam involving individuals using the names Yohannes Riyadi and/or Wilfredo Saurin, or persons claiming to be representatives of these two men. In a typical version of this scam, Mr. Riyadi and/or his delegates falsely claim that they have on deposit with the Federal Reserve Bank of New York several U.S. Treasury Checks issued to Mr. Riyadi amounting to billions of dollars.

The Federal Reserve Bank of New York has been contacted by several brokers and financial institutions worldwide inquiring about the validity of this fraudulent account documentation, which is being offered as collateral for lines of credit or other types of asset based financing. The fraudulent scheme includes multiple documents which purport to have the signatures of various Federal Reserve officials, including Chairman Ben Bernanke.

In some instances, individuals involved in this fraudulent scheme claim to have met with Federal Reserve officials and claim to have verified that the alleged account is in order. We have also learned that the fraud may include the purchase of certain documents by the introducing brokers.

If you have information regarding this fraud please contact either Robert Amenta, Special Investigator at the Federal Reserve Bank of New York, or Erik Rosenblatt, Senior Special Agent at the Department of Homeland Security, Immigration and Customs Enforcement.

Release Date: November 4, 2008

For immediate release


The Federal Reserve Board on Tuesday alerted the public to instances of questionable solicitations directed at consumers. These solicitations promise consumers access to personal loans through a nonexistent Federal Reserve lending program.

Under this fraudulent scheme, targeted individuals are told that that they can work through a broker to access a Federal Reserve program that extends sizable secured loans to consumers. Consumers are encouraged to deposit large sums of money into a bank account, under the guise of a security deposit, in order to receive the purported loan.

The Federal Reserve is advising consumers that it has no involvement in these solicitations and does not directly sponsor consumer lending programs. The matter has been referred to the appropriate authorities for action.

Consumers are strongly urged to verify the legitimacy of potential service providers before entering into a business transaction. Individuals seeking personal finance options are encouraged to do business only with reputable lenders and to shop around for the most favorable loan terms.

Consumers with questions about solicitations that they suspect may be fraudulent are encouraged to contact the Federal Reserve Board Consumer Help Center at or by calling 1-888-851-1920.


It is like this idiot "Lord James of Blackheath" doenst know how to use Google?

About 418,000 results (0.12 seconds)

  1. Scams Involving the Federal Reserve Name - Federal Reserve Bank ...
  3. www.ny.frb.orgBankingConsumer ProtectionCached
  4. You +1'd this publicly. Undo
  5. The Federal Reserve is aware of a fraudulent scam involving individuals using the names Yohannes Riyadi and/or Wilfredo Saurin, or persons claiming to be ...

  6. [PDF]
    document - Etleboro You +1'd this publicly. Undo

    File Format: PDF/Adobe Acrobat - Quick View
    021088506, Account Name: Yohannes Riyadi, Safekeeping Period: from March 22, 2006 to March 22, 2007. This Safekeeping Receipt is issued and effective ...

  7. Bill Hayward/Johannes Riyadi documents surface that show HSBC ...  You +1'd this publicly. Undo

    20 hours ago – The Federal Reserve is aware of a fraudulent scam involving individuals using the names Yohannes Riyadi and/or Wilfredo Saurin, or persons ...
     Get more results from the past 24 hours

  8. Who is this Yohannes Riyadi? : conspiracy You +1'd this publicly. Undo

    5 days ago – Since Lord Blackheath name-dropped him in his latest outcry, touting him as the 'Richest man in the world', I've been trying to turn stones to ...

  9. Yohannes Riyadi Federal Reserve | The Healers Journal You +1'd this publicly. Undo

    5 days ago – White Hats have released a scanned document of one of the contracts between Yohannes Riyadi and the Federal Reserve! 2/24/12 , 4:55am ...

  10. White Hats Release Scanned Document of Contract Between ... You +1'd this publicly. Undo

    5 days ago – Well it looks like they just released a scanned document of the contract between Yohannes Riyadi and the Federal Reserve.

  11. fed - Is there a $15 trillion fraud involving Yohannes Riyadi and the ... You +1'd this publicly. Undo

    The Federal Reserve is aware of a fraudulent scam involving individuals using the names Yohannes Riyadi and/or Wilfredo Saurin, or persons claiming to be ...

  12. Yohannes Riyadi | Gold Stock Bull You +1'd this publicly. Undo

    5 days ago – February 24th, 2012 | Tags: 15 trillion fraud, Lord James of Blackheath, Yohannes Riyadi | Category: Gold & Silver Commentary | Comments ...

  13. Yohannes Riyadi/Bank Fraud - Conspiracy Theories - 420chan You +1'd this publicly. Undo

    Yohannes Riyadi/Bank Fraud by Nathaniel Brubberdale - Sat, 25 Feb 2012 02:53:04 EST ID:nQVJpntu No.32419 Ignore Report Quick Reply. Hide Thread ...

  14. Yohannes Riyadi » Philosophers Stone | Philosophers stone You +1'd this publicly. Undo

    Tag Archive: Yohannes Riyadi. Feb 20. Lord James of Blackheath:”I want support for an official inquiry into the mischief I shall unfold this afternoon.” by Ed ...


FeralSerf's picture

Which one do you believe -- the known liar, Bernanke & Co., or the other guy?

Cicero: "Mendaci neque quum vera dicit, creditur" (a liar is not to be believed even when he speaks the truth)

q99x2's picture

Small Parliment. The guy probably stinks. Why the hell does he keep scratching his nuts? Man he better get himself some A1 and try again later.

Although when he mentioned the JP Morgue I tended to believe him. Something crooked about the Morgue I believe it. Dont' care what it is. They are guilty as fuck.

CompassionateFascist's picture

Brit House of Lords is a standing joke. Lord Tweedmouth and Lord Raglan are probably still there, telling each other stories about the Charge of the Light Brigade.

fourchan's picture

any relation to the clintons money launderer james riady?

Stuck on Zero's picture

You guys are off by orders of magnitude.  He's British.  His 15 Trillion is a million billion in British terminology.  In British terminology a billion is a million million.  So his numbers are really large.  I point you to this reference:


Grimbert's picture

Not for the last 38 years it hasn't.

1974 British prime minister Harold Wilson explained in a written answer to the House of Commons that UK government statistics would from then on use the short scale.[5] Hansard,[4] for the 20 December 1974, reported it:
Mr. Maxwell-Hyslop asked the Prime Minister whether he will make it the practice of his administration that when Ministers employ the word 'billion' in any official speeches, documents, or answers to Parliamentary Questions, they will, to avoid confusion, only do so in its British meaning of 1 million million and not in the sense in which it is used in the United States of America, which uses the term 'billion' to mean 1,000 million.
The Prime Minister: No. The word 'billion' is now used internationally to mean 1,000 million and it would be confusing if British Ministers were to use it in any other sense. I accept that it could still be interpreted in this country as 1 million million and I shall ask my colleagues to ensure that, if they do use it, there should be no ambiguity as to its meaning.

During the last quarter of the 20th century, most other English-speaking countries (Ireland, Australia, New Zealand, South Africa, Zimbabwe, etc.) either followed this lead or independently switched to the short scale use. However, in most of these countries, some limited long scale use persists and the official status of the short scale use is not clear.


No-one I know says a billion meaning a million million any more. You might say a thousand million to avoid confusion, but you'd have to be pretty old to assume a billion meant a million million.

LowProfile's picture

...That would cover all the derivatives!  We're saved.

Seriously, this has WTF stamped all over it.

Manthong's picture

Somebody slip a little acid into the port?

Ungaro's picture

Confiscate the $15T and pay off the US national debt. Elevates the concept of fictional reserve banking to new heights.