Post by gusjarvis on Oct 14, 2010 19:27:54 GMT -5
HODGES AND ASSOCIATES
A PROFESSIONAL LAW CORPORATION
A. CLIFTON HODGES 4 EAST HOLLY STREET
JAMES S. KOSTAS SUITE 202
DONALD W. RICKETTS* PASADENA, CA. 91103
TEL (626) 564-9797
* OF COUNSEL FAX (626) 564-9111
September 22, 2010
VIA FACSIMILE; FED-EX; AND U.S. MAIL (202) 452-3819
Ben S. Bernanke
Chairman of the Board of Governors
Federal Reserve System
20th Street and Constitution Avenue, NW
Washington, DC 20551
Re: World Global Settlements
Dear Mr. Bernanke:
I represent Mr. Lindell H. Bonney, Sr. with respect to collection of certain funds currently being held by the Federal Reserve System; Mr. Bonney has both a personal ownership interest and a fiduciary interest in such funds. I also represent certain other payees of the World Global Settlement funds; each of these payees have exhausted their ability to continue waiting for distribution of the funds to which they are entitled.
We have been able to ascertain that these funds have been utilized, apparently with the approval and consent of the FED, for short term lending/hypothecation cycles which have allowed recovery of substantially more than 3% per day of the principal in addition to the FED transaction fee of 10%; we have now received confirmation that the FED has in fact received payment. These actions are obviously in violation of several Treaty agreements, as well as a plethora of Federal Laws and banking regulations, and expose each participant to both criminal and civil RICO actions.
The purpose of this correspondence is to put you and each member of the Board of Governors on notice of these illegal actions in connection with the continued refusal of the FED to disburse monies due to be paid to Mr. Bonney in his personal and fiduciary capacity. Although we have previously been advised that the funds were available for disbursement, “something” has always been amiss when the scheduled time has arrived. On each such occasion, Mr. Bonney was ultimately advised that the money had, for unexplained reasons, become unavailable.
Please be advised that we intend to hold you and each member of the Board of Governors jointly and severally responsible for a minimum of 10% per day recovery on the entire balance of the funds currently held for distribution to Mr. Bonney in his personal and fiduciary capacity. In the event that you and/or any of the Board of Governor members wish to discuss possible resolution of this issue please contact the undersigned directly; in the event that I fail to hear from anyone I will pursue all available remedies, including immediate disclosure of these defalcations to the media.
Very truly yours,
HODGES AND ASSOCIATES
A. CLIFTON HODGES
Cc: Mr. Lindell H. Bonney, Sr.
Lynwood Maddox, Esq.
Kevin M. Warsh
Elizabeth A. Duke
Daniel K. Tarullo
Comptroller of the Currency
Federal Reserve Bank, Richmond, VA
Federal Reserve Bank, Cleveland, OH
___________________________________________________________________________________
HODGES ANDASSOCIATES
A PROFESSIONAL LAW CORPORATION
A. CLIFTON HODGES 4 EAST HOLLY STREET
JAMES S. KOSTAS SUITE 202
DONALD W. RICKETTS* PASADENA, CA. 91103
TEL (626) 564-9797
* OF COUNSEL FAX (626) 564-9111
August 13, 2010
Sent Via E-Mail and Facsimile Fax No. 020 7270 4580
The Right Honorable George Osborne, MP
Chancellor of the Exchequer
HM treasury
Horse Guards Road
London SW1A 2HQ
Re: U.S. Dollar Refunding Project
Dear Honorable George Osborne:
I write to you once more in furtherance of matters raised in my prior correspondence on behalf of my clients Michael C. Cottrell, B.A., M.S., of Erie, Pennsylvania, USA, and his corporations: Pennsylvania Investments, Inc., registered in the Commonwealth of Pennsylvania, and Cottrell Securities Limited, registered in England and Wales.
The events of the past several weeks are both frustrating and aggravating. The many people involved in bringing the Global World Settlements to fruition have been convinced for some time that distribution of all funds would have been accomplished before now. I must report that the current U.S. Administration continues to interfere with conclusion of this process at every turn; a detailed summary of recent events, prepared by and attested to by Mr. Cottrell is attached for your information and review.
Because the U.S. Dollar Refunding Project is a critical part of the efforts of so many to address the current world financial situation, Mr. Cottrell asked me to contact you directly with our formal request that the Monarchal loan of six point two trillion USD be initiated forthwith, via the Morgan Stanley account previously established for that specific purpose. Pennsylvania Investments, Inc. and Cottrell Securities Limited are prepared to proceed as originally conceived, notwithstanding the current funding failure of the Global World Settlements. We are fully prepared to accept the U.S. Dollar Refunding Project loan proceeds from the Royal Monarchal Power or nominee, and to proceed immediately with implementation of all requisite activities to accomplish the defined goals of the Project.
I look forward to hearing from you directly, at your very earliest convenience. At that time we can conclude arrangements for the loan documentation, release of funds, and protected travel to London. Please let me know if any additional information is required, as we believe that most urgent action is needed.
Sincerely,
HODGES AND ASSOCIATES
CLIFTON HODGES
cc: His Royal Highness the Duke of Edinburgh
Michael C. Cottrell
Pennsylvania Investments, Inc.
Cottrell Securities Limited
_________________________________________________________________________________________
HODGES ANDASSOCIATES
A PROFESSIONAL LAW CORPORATION
A. CLIFTON HODGES 4 EAST HOLLY STREET
JAMES S. KOSTAS SUITE 202
DONALD W. RICKETTS* PASADENA, CA. 91103
TEL (626) 564-9797
* OF COUNSEL FAX (626) 564-9111
August 13, 2010
For the urgent attention of the Chief of Staff:
His Royal Highness the Duke of Edinburgh
Buckingham Palace
London SW1A 1AA
Re: U.S. Dollar Refunding Project
Dear Sirs:
I write to you once more in furtherance of matters raised in my prior correspondence on behalf of my clients Michael C. Cottrell, B.A., M.S., of Erie, Pennsylvania, USA, and his corporations: Pennsylvania Investments, Inc., registered in the Commonwealth of Pennsylvania, and Cottrell Securities Limited, registered in England and Wales.
The events of the past several weeks are both frustrating and aggravating. The many people involved in bringing the Global World Settlements to fruition have been convinced for some time that distribution of all funds would have been accomplished before now. I must report that the current U.S. Administration continues to interfere with conclusion of this process at every turn; a detailed summary of recent events, prepared by and attested to by Mr. Cottrell is attached for your information and review.
As you are aware, Mr. Cottrell arranged for the formation of Cottrell Securities Limited, based in London, to handle the necessary fully taxable, on-balance sheet trades; we have been awaiting completion of the funding of the Global World Settlements to initiate this Refunding Project. In view of the U.S. Administration’s continued interference, and because the U.S. Dollar Refunding Project is such a critical part of the efforts of so many to address the current world financial situation, Mr. Cottrell asked me to contact The Right Honorable George Osborne, MP, Chancellor of the Exchequer, with our request for immediate funding of the Monarchal loan; I have done so by letter of even date.
My purpose in writing to you directly, is not only to keep you advised of the progress of the U.S. Dollar Refunding Project; I am soliciting your assistance in coordinating with the Chancellor in hopes of expediting funding of the Monarchal loan. We believe that the current U.S. Administration will not relinquish control of the Settlements funds voluntarily; we also believe that urgent action is required.
I would therefore be most grateful for any assistance that you can provide at this time to expedite finalization of all necessary arrangements to allow initiation of the U.S. Dollar Refunding Project. I look forward to receiving a positive response at your early convenience, so that this matter can be consummated as originally conceived and recommended by Her Majesty.
Sincerely Yours,
HODGES ANDASSOCIATES
A. CLIFTON HODGES
Cc: Michael C. Cottrell
Pennsylvania Investments, Inc.
Cottrell Securities Limited
_________________________________________________________________________________________
HODGES ANDASSOCIATES
A PROFESSIONAL LAW CORPORATION
A. CLIFTON HODGES 4 EAST HOLLY STREET
JAMES S. KOSTAS SUITE 202
DONALD W. RICKETTS* PASADENA, CA. 91103
TEL (626) 564-9797
* OF COUNSEL FAX (626) 564-9111
April 28, 2010
For the urgent attention of the Chief of Staff:
His Royal Highness the Duke of Edinburgh
Buckingham Palace
London SW1A 1AA
Dear Sirs
I write with respect on behalf of my clients Michael C. Cottrell, B.A., M.S., of Erie, Pennsylvania, USA, and his corporations: Pennsylvania Investments, Inc., registered in the Commonwealth of Pennsylvania, and Cottrell Securities Limited, registered in England and Wales.
I have been repeatedly advised by William H. Bonney that the Basel List contains a Line Item providing for a loan for on-the-books trading purposes in the sum of $6.2 Trillion Dollars in the aggregate, for use to finance the long-since approved Dollar Refunding Program requested of the G-7 financial powers by her Majesty the Queen ‘for the sake of the whole of humanity’. These sources have repeatedly confirmed to me, as Mr. Cottrell’s Attorney, that the Line Item funding is to be deployed for this purpose by Mr. Cottrell’s firm Pennsylvania Investments, Inc. The matter has likewise been confirmed on several occasions directly to Mr. Cottrell, prior to my appointment as his Attorney.
The Dollar Refunding Program must ORIGINATE in the private sector, so that no corresponding PUBLIC DEBT is created on the other side of the balance sheet. Unfortunately, the US authorities have resisted this sound financing concept (the ONLY solution on the table) and seek to conduct the Dollar Refunding Program (on which the whole world depends) themselves, via the US Treasury, et. al., thereby generating a vast, open-ended further overhang of completely unnecessary official/public debt on the other side of the balance sheet. Obviously, since the debt accumulated will be 100%, whereas any tax raised from such trades will not exceed, say, 35%, this severely exacerbates the US official debt overhang.
Such a course will therefore most certainly lead to US and global financial and economic disaster by rapidly accelerating the degradation of the US dollar and thereby inducing a Weimar-style hyperinflation.
On the well-known principle that ‘good money’ replaces ‘bad money’, and long since recognizing that the US authorities were unwilling to follow the sound path recommended by Her Majesty, Mr. Cottrell arranged for the formation of Cottrell Securities Limited, based in London, to handle the necessary fully taxable on-balance sheet trades.
A schematic plan (Figure 5A, Private Funding USD Refunding Loan) showing how the taxable trades will operate, is enclosed as the second sheet with the papers submitted herewith. The tax payable to the British authorities will be remitted along with any tax payable to the US authorities, directly to the British Treasury. Under the Bretton Woods Agreements, tax accrued abroad can be remitted by the ‘foreign’ country’s Treasury to its counterpart in the receiving country.
The enclosed documents are itemized in the list presented as the first sheet with these papers. Documents dated 6th September 2008, 29th December 2008 and 3rd March 2009, sent via an intermediary, may not have arrived as intended; so on 16th June 2009, Mr. Christopher Story resubmitted the papers, and also reported the possible diversion of previously submitted documents to Thames Valley Police.
With this package, I have arranged for everything that we believe to be pertinent to this matter to be provided all together. Unfortunately it has been necessary, due to the resistance mentioned above, to itemize details of what has been happening behind the scenes. We would prefer not to have had to do this, but were left with little choice in the matter.
The purpose of this letter, apart from providing you with these materials, is to seek confirmation that the advice repeatedly proffered to me and to Mr. Cottrell by William H. Bonney will now be acted upon. In this connection you will of course be well aware that international financial affairs are now in almost permanent turmoil, and that further delay, due to the aforementioned resistance, in implementing the sole sound formula risks the integrity of our financial and real economies and most regrettably of the supreme British authority itself.
I would therefore be most grateful for a positive response at your earliest convenience, so that matters can start to be brought under control by the means originally recommended by Her Majesty.
Sincerely Yours,
HODGES ANDASSOCIATES
A. CLIFTON HODGES
csonward.weebly.com/
A PROFESSIONAL LAW CORPORATION
A. CLIFTON HODGES 4 EAST HOLLY STREET
JAMES S. KOSTAS SUITE 202
DONALD W. RICKETTS* PASADENA, CA. 91103
TEL (626) 564-9797
* OF COUNSEL FAX (626) 564-9111
September 22, 2010
VIA FACSIMILE; FED-EX; AND U.S. MAIL (202) 452-3819
Ben S. Bernanke
Chairman of the Board of Governors
Federal Reserve System
20th Street and Constitution Avenue, NW
Washington, DC 20551
Re: World Global Settlements
Dear Mr. Bernanke:
I represent Mr. Lindell H. Bonney, Sr. with respect to collection of certain funds currently being held by the Federal Reserve System; Mr. Bonney has both a personal ownership interest and a fiduciary interest in such funds. I also represent certain other payees of the World Global Settlement funds; each of these payees have exhausted their ability to continue waiting for distribution of the funds to which they are entitled.
We have been able to ascertain that these funds have been utilized, apparently with the approval and consent of the FED, for short term lending/hypothecation cycles which have allowed recovery of substantially more than 3% per day of the principal in addition to the FED transaction fee of 10%; we have now received confirmation that the FED has in fact received payment. These actions are obviously in violation of several Treaty agreements, as well as a plethora of Federal Laws and banking regulations, and expose each participant to both criminal and civil RICO actions.
The purpose of this correspondence is to put you and each member of the Board of Governors on notice of these illegal actions in connection with the continued refusal of the FED to disburse monies due to be paid to Mr. Bonney in his personal and fiduciary capacity. Although we have previously been advised that the funds were available for disbursement, “something” has always been amiss when the scheduled time has arrived. On each such occasion, Mr. Bonney was ultimately advised that the money had, for unexplained reasons, become unavailable.
Please be advised that we intend to hold you and each member of the Board of Governors jointly and severally responsible for a minimum of 10% per day recovery on the entire balance of the funds currently held for distribution to Mr. Bonney in his personal and fiduciary capacity. In the event that you and/or any of the Board of Governor members wish to discuss possible resolution of this issue please contact the undersigned directly; in the event that I fail to hear from anyone I will pursue all available remedies, including immediate disclosure of these defalcations to the media.
Very truly yours,
HODGES AND ASSOCIATES
A. CLIFTON HODGES
Cc: Mr. Lindell H. Bonney, Sr.
Lynwood Maddox, Esq.
Kevin M. Warsh
Elizabeth A. Duke
Daniel K. Tarullo
Comptroller of the Currency
Federal Reserve Bank, Richmond, VA
Federal Reserve Bank, Cleveland, OH
___________________________________________________________________________________
HODGES ANDASSOCIATES
A PROFESSIONAL LAW CORPORATION
A. CLIFTON HODGES 4 EAST HOLLY STREET
JAMES S. KOSTAS SUITE 202
DONALD W. RICKETTS* PASADENA, CA. 91103
TEL (626) 564-9797
* OF COUNSEL FAX (626) 564-9111
August 13, 2010
Sent Via E-Mail and Facsimile Fax No. 020 7270 4580
The Right Honorable George Osborne, MP
Chancellor of the Exchequer
HM treasury
Horse Guards Road
London SW1A 2HQ
Re: U.S. Dollar Refunding Project
Dear Honorable George Osborne:
I write to you once more in furtherance of matters raised in my prior correspondence on behalf of my clients Michael C. Cottrell, B.A., M.S., of Erie, Pennsylvania, USA, and his corporations: Pennsylvania Investments, Inc., registered in the Commonwealth of Pennsylvania, and Cottrell Securities Limited, registered in England and Wales.
The events of the past several weeks are both frustrating and aggravating. The many people involved in bringing the Global World Settlements to fruition have been convinced for some time that distribution of all funds would have been accomplished before now. I must report that the current U.S. Administration continues to interfere with conclusion of this process at every turn; a detailed summary of recent events, prepared by and attested to by Mr. Cottrell is attached for your information and review.
Because the U.S. Dollar Refunding Project is a critical part of the efforts of so many to address the current world financial situation, Mr. Cottrell asked me to contact you directly with our formal request that the Monarchal loan of six point two trillion USD be initiated forthwith, via the Morgan Stanley account previously established for that specific purpose. Pennsylvania Investments, Inc. and Cottrell Securities Limited are prepared to proceed as originally conceived, notwithstanding the current funding failure of the Global World Settlements. We are fully prepared to accept the U.S. Dollar Refunding Project loan proceeds from the Royal Monarchal Power or nominee, and to proceed immediately with implementation of all requisite activities to accomplish the defined goals of the Project.
I look forward to hearing from you directly, at your very earliest convenience. At that time we can conclude arrangements for the loan documentation, release of funds, and protected travel to London. Please let me know if any additional information is required, as we believe that most urgent action is needed.
Sincerely,
HODGES AND ASSOCIATES
CLIFTON HODGES
cc: His Royal Highness the Duke of Edinburgh
Michael C. Cottrell
Pennsylvania Investments, Inc.
Cottrell Securities Limited
_________________________________________________________________________________________
HODGES ANDASSOCIATES
A PROFESSIONAL LAW CORPORATION
A. CLIFTON HODGES 4 EAST HOLLY STREET
JAMES S. KOSTAS SUITE 202
DONALD W. RICKETTS* PASADENA, CA. 91103
TEL (626) 564-9797
* OF COUNSEL FAX (626) 564-9111
August 13, 2010
For the urgent attention of the Chief of Staff:
His Royal Highness the Duke of Edinburgh
Buckingham Palace
London SW1A 1AA
Re: U.S. Dollar Refunding Project
Dear Sirs:
I write to you once more in furtherance of matters raised in my prior correspondence on behalf of my clients Michael C. Cottrell, B.A., M.S., of Erie, Pennsylvania, USA, and his corporations: Pennsylvania Investments, Inc., registered in the Commonwealth of Pennsylvania, and Cottrell Securities Limited, registered in England and Wales.
The events of the past several weeks are both frustrating and aggravating. The many people involved in bringing the Global World Settlements to fruition have been convinced for some time that distribution of all funds would have been accomplished before now. I must report that the current U.S. Administration continues to interfere with conclusion of this process at every turn; a detailed summary of recent events, prepared by and attested to by Mr. Cottrell is attached for your information and review.
As you are aware, Mr. Cottrell arranged for the formation of Cottrell Securities Limited, based in London, to handle the necessary fully taxable, on-balance sheet trades; we have been awaiting completion of the funding of the Global World Settlements to initiate this Refunding Project. In view of the U.S. Administration’s continued interference, and because the U.S. Dollar Refunding Project is such a critical part of the efforts of so many to address the current world financial situation, Mr. Cottrell asked me to contact The Right Honorable George Osborne, MP, Chancellor of the Exchequer, with our request for immediate funding of the Monarchal loan; I have done so by letter of even date.
My purpose in writing to you directly, is not only to keep you advised of the progress of the U.S. Dollar Refunding Project; I am soliciting your assistance in coordinating with the Chancellor in hopes of expediting funding of the Monarchal loan. We believe that the current U.S. Administration will not relinquish control of the Settlements funds voluntarily; we also believe that urgent action is required.
I would therefore be most grateful for any assistance that you can provide at this time to expedite finalization of all necessary arrangements to allow initiation of the U.S. Dollar Refunding Project. I look forward to receiving a positive response at your early convenience, so that this matter can be consummated as originally conceived and recommended by Her Majesty.
Sincerely Yours,
HODGES ANDASSOCIATES
A. CLIFTON HODGES
Cc: Michael C. Cottrell
Pennsylvania Investments, Inc.
Cottrell Securities Limited
_________________________________________________________________________________________
HODGES ANDASSOCIATES
A PROFESSIONAL LAW CORPORATION
A. CLIFTON HODGES 4 EAST HOLLY STREET
JAMES S. KOSTAS SUITE 202
DONALD W. RICKETTS* PASADENA, CA. 91103
TEL (626) 564-9797
* OF COUNSEL FAX (626) 564-9111
April 28, 2010
For the urgent attention of the Chief of Staff:
His Royal Highness the Duke of Edinburgh
Buckingham Palace
London SW1A 1AA
Dear Sirs
I write with respect on behalf of my clients Michael C. Cottrell, B.A., M.S., of Erie, Pennsylvania, USA, and his corporations: Pennsylvania Investments, Inc., registered in the Commonwealth of Pennsylvania, and Cottrell Securities Limited, registered in England and Wales.
I have been repeatedly advised by William H. Bonney that the Basel List contains a Line Item providing for a loan for on-the-books trading purposes in the sum of $6.2 Trillion Dollars in the aggregate, for use to finance the long-since approved Dollar Refunding Program requested of the G-7 financial powers by her Majesty the Queen ‘for the sake of the whole of humanity’. These sources have repeatedly confirmed to me, as Mr. Cottrell’s Attorney, that the Line Item funding is to be deployed for this purpose by Mr. Cottrell’s firm Pennsylvania Investments, Inc. The matter has likewise been confirmed on several occasions directly to Mr. Cottrell, prior to my appointment as his Attorney.
The Dollar Refunding Program must ORIGINATE in the private sector, so that no corresponding PUBLIC DEBT is created on the other side of the balance sheet. Unfortunately, the US authorities have resisted this sound financing concept (the ONLY solution on the table) and seek to conduct the Dollar Refunding Program (on which the whole world depends) themselves, via the US Treasury, et. al., thereby generating a vast, open-ended further overhang of completely unnecessary official/public debt on the other side of the balance sheet. Obviously, since the debt accumulated will be 100%, whereas any tax raised from such trades will not exceed, say, 35%, this severely exacerbates the US official debt overhang.
Such a course will therefore most certainly lead to US and global financial and economic disaster by rapidly accelerating the degradation of the US dollar and thereby inducing a Weimar-style hyperinflation.
On the well-known principle that ‘good money’ replaces ‘bad money’, and long since recognizing that the US authorities were unwilling to follow the sound path recommended by Her Majesty, Mr. Cottrell arranged for the formation of Cottrell Securities Limited, based in London, to handle the necessary fully taxable on-balance sheet trades.
A schematic plan (Figure 5A, Private Funding USD Refunding Loan) showing how the taxable trades will operate, is enclosed as the second sheet with the papers submitted herewith. The tax payable to the British authorities will be remitted along with any tax payable to the US authorities, directly to the British Treasury. Under the Bretton Woods Agreements, tax accrued abroad can be remitted by the ‘foreign’ country’s Treasury to its counterpart in the receiving country.
The enclosed documents are itemized in the list presented as the first sheet with these papers. Documents dated 6th September 2008, 29th December 2008 and 3rd March 2009, sent via an intermediary, may not have arrived as intended; so on 16th June 2009, Mr. Christopher Story resubmitted the papers, and also reported the possible diversion of previously submitted documents to Thames Valley Police.
With this package, I have arranged for everything that we believe to be pertinent to this matter to be provided all together. Unfortunately it has been necessary, due to the resistance mentioned above, to itemize details of what has been happening behind the scenes. We would prefer not to have had to do this, but were left with little choice in the matter.
The purpose of this letter, apart from providing you with these materials, is to seek confirmation that the advice repeatedly proffered to me and to Mr. Cottrell by William H. Bonney will now be acted upon. In this connection you will of course be well aware that international financial affairs are now in almost permanent turmoil, and that further delay, due to the aforementioned resistance, in implementing the sole sound formula risks the integrity of our financial and real economies and most regrettably of the supreme British authority itself.
I would therefore be most grateful for a positive response at your earliest convenience, so that matters can start to be brought under control by the means originally recommended by Her Majesty.
Sincerely Yours,
HODGES ANDASSOCIATES
A. CLIFTON HODGES
csonward.weebly.com/
