Zap

[notorial dissent]

I'd forgotten about the Guano Bonds, or maybe didn't know, but that old scam is highly appropriate considering what that crowd was shoveling. Really appropriate.

In truth I'm surprised the Guano bonds and the dead railroad stock hasn't made a resurgence, it is about due to be resurrected.

[Deep Knight]

For more on Peruvian Guano bonds, see viewtopic.php?f=6&t=5602



An interesting comment from the International Due Diligence Organization:


Peruvian guano bonds

A client recently presented several bonds along with a request for an opinion of value. He asked, “Are these bonds for real?” If so, their value could be over $100 million dollars with accrued interest, and could be used as an asset in a corporation or sold for cash.

The bonds were 7% Gold Bonds dated May 21st 1875, without coupons, due November 1st 1880.

The bonds sold were collateralized by the proceeds of the sale of Peruvian Guano. The Bonds were guaranteed by the Peruvian Government and had the signature of the Plenipotentiary of Peru in Washington D.C. and bore the seal with the coat of arms of Peru.

This loan was agreed upon between the Guano Consignment Co. and the Government of Peru in April 1875, to rewrite a former contract between them on which Peru owed monies to the Guano Consignment Company. The government already was about to default on all of its foreign debt. In 1879 a war broke out between Peru and Chile over the rich guano and saltpeter deposits 380 miles south of Lima in the Atacama desert northeast of Antofagasta. The Chileans won and occupied Lima in early 1881. Peru, now in financial ruin, had to cede the Guano region of Tarapaca to Chile, and subsequently was torn by a civil war until 1886. Since the Chilean decree of February 22nd, 1880, guano shipments were allowed and their proceeds should have been made available to redeem outstanding foreign loans. The price of silver, Peru’s most important export commodity started a long decline, which didn’t help the Peruvian governments financial condition. While most of the £-Sterling notes floated in London were paid by the early 1890s, large parts of the two US Dollar loans remained in default.

The answer to the questions was almost as interesting as the history of the Peruvian Guano Bonds (Say “Peruvian Guano Bonds” out loud: It sounds wonderful and mysterious.) According to international law, countries cannot repudiate their debt because a government change has occurred. There is also no statute of limitations per se on debt. Thus, absent any intervening problems, these bonds were good. Unfortunately, in the 1950s, Peru offered a series of different bonds for any and all outstanding bonds upon which the Peruvian government had defaulted. The offer was good until 1975, and, according to the World Court, settled any and all outstanding debt obligations for which the government was either directly responsible, or, as in the case of these bonds for the Guano Consignment Company, responsible as a guarantor.

[Deep Knight]

The Story of the Durham Trust

MARCH 24th, 2004:

IN OCTOBER OF 2002, the widow of a long-serving OSS/CIA officer, Colonel Russell Hermann ( originally a Coast Guard recruit ), approached the Federal Reserve Bank in Omaha and requested entry. She was questioned -- "who are you ?"

Her answer was succinct: "I am V.K. Durham of the Durham Trust, and I am the Primary Creditor of the United States of America."

After a few moments of fumbling, Ms. Durham was granted immediate access to this regional member bank of the Federal Reserve System. In the next few minutes, it was made clear to the officials of the bank, and thus to the Federal Reserve System itself, that Ms. V.K. Durham was not dead -- despite having been declared 'dead' by the so-called Social Security Administration in Region V. Despite having been denied survivor's benefits owed to her as the widow of a veteran who had served his country in war, peace and during the long twilight struggle called The Cold War, on the premise that she was 'dead.' She was, indeed, alive.

Over the next six months, in a series of interviews and articles posted here on RMN and circulated widely on the Internet via e-mail, Ms. V. K. Durham explained how and why she, as the CEO of the Durham Trust, became the primary creditor of the United States of America through her ownership and control of a debt instrument created by the Legislature of Peru in 1875, and assumed as a debt of the United States some thirty-two years or so later.

Slowly, the word circulated throughout the international banking community that V. K. Durham was not dead, and that The Durham Trust, of which she was a founding member and CEO, had the only lawful "color instruments" comprising the debt created by Peru and guaranteed by a mortgage on their natural resources "until paid in full."

May, 1875

This instrument has come to be known as "the Bonus 3392-181," and it is a one-time only Commodity Contract ( the same as a Bill of Lading ), providing for payment in gold, with interest, and sold in New York in the spring of 1875. The purpose of this Contract was to provide the government of Peru with gold currency so that the English Bond holders who had helped finance the construction of their railroad system could be paid off. It was one of many and various instruments floated at that time, to raise money in gold for their creditors in the City of London.

Eventually, almost all of the debt instruments sold by business agents or factors on behalf of Peru were either resold, and liquidated or otherwise cashed out, mostly by the thirty-year maturity date which was most common then, or 1905. However, the Bill of Lading known as the Contract or Bonus 3392 was not secured by those looking to cash in on this issuance of debt, and it was listed as being among the debts of Peru assumed by an Agreement of the United States government via the Department of Agriculture with regard to The Guano Act of 1856 and other acts and agreements. The debts of Peru were assumed as being ours, and many of them were paid in gold at that time.

The Bonus 3392-181 was not a regular bond, not subject to a "drop-dead maturity date" and was scheduled to pay 7 per cent on both interest and principal, compounded and computed every six months -- "until paid." Payment for this Bill of Lading was to be in gold coin, gold bullion or in another form of gold as lawful money, as might be stipulated later. The point is, it was a Contract for payment in gold as money. It was never paid, never liquidated, and it has never expired.

The years passed. The Bonus 3392, held by one of V.K. Durham's blood relatives, was thought to be missing or to have been destroyed, but it was simply misplaced in storage for a very long time. It passed into her possession in 1975 in a most unremarkable way, and some years elapsed before its true value was recognized. In 1989 and 1990, with the help of her late husband, Col. Russell Hermann, she was able to establish the bona fides of this Bill of Lading/Commodity Contract payable in gold, and further research proved that it was a debt assumed by the United States prior to the establishment of the privately-owned Federal Reserve System. This banking cartel was established in 1913.

After that was done in December of 1913, additional Acts of Congress passed on December 24th, 1919 created additional responsiblities under the Foreign Federal Reserve System designation. From 1919 on the Federal Reserve was made responsible for managing all of the external and pre-existing debts of the United States, for providing for Bills of Lading and for Bills of Exchange, offering Notes, and it was required by the terms of the founding acts of 1913 and the 1919 amendments, to be in conformity with U.S. law. There is no question that this outstanding debt of Peru, assumed by the United States in a debt swap to keep Peruvian guano and nitrates flowing into this country, is a lawful commodity contract under international law and under the law of the land of the United States of America, pre-existing and dating to 1875.

May, 1990

In 1990 Col. Hermann and V. K. Durham had the value of the contract calculated by the Federal Reserve System bank in Los Angeles: and as of that time, with penalties and the interest thereon having compounded every six months, the value of the Bonus 3392 was established at being in excess of $ 206, 858 Trillion U.S. au -- gold. Given that the alleged debt of the United States as claimed by the Federal Reserve System, the so-called "national debt," was calculated at $6.5 Trillion last year in May, this Contract is 29,550 times larger, and that's only as of the benchmark date of May, 1990.

That makes the Bonus 3392 the largest debt owed, and the owner of that debt the primary creditor. In addition, it is the oldest debt owed of those assumed from Latin America at the turn of the last century. With the help of Colonel Hermann and other experts, V. K. Durham set up the Durham Trust to maintain the ownership of this Commodity Contract, and to protect it from predatory financial agents. As it happens, Russell Hermann was abducted, tortured, poisoned and then murdered in 1994. Counterfeiters -- brilliant swindlers who posed as friends of the late Colonel -- got copies of of the Bonus and began marketing them around the world a few years later, putting Deeds of Assignment into active play, based on false statements and fraud. This has created much chaos. These counterfeits have also been used to fund Islamic fundamentalist networks in the Philippines -- the Abu Sayeff -- and to help support the "Al Qaeda" network of Islamic groups.

Those frauds have all been discovered and uncovered. Some $ 400 Trillion in phony financial instruments have been written on the Bonus 3392 by these counterfeiters, who are expatriate Americans known as E.J. and Doris E. Ekker, most recently of Makatai City in the Philippines. There may be more than that, as new frauds are being discovered almost every week, but even if the number tops the $ 500 Trillion mark, that's but a mere fraction of the total value, in gold collateral, of this Bonus 3392-181.

May, 2003

Negotations begun last year in the spring, led V. K. Durham to make an agreement with the Federal Reserve System, to do a 'debt swap,' and this trade was approved by the Governors and the Central Intelligence Agency ( as needed under the PATRIOT Act ). There were two parts to the debt swap, a block of debt swapped for collateral in gold of $ 6.5 Trillion U.S. to liquidate the so-called National Debt and a second block of $ 6.5 Trillion U.S. to be used for humanitarian purposes and for debt relief in the Latin American countries, and the United States.

Additionally, approximately one billion in U.S. dollars was to be provided to the Durham Trust and its subdivisions for gold banking operations, to enable it to oversee and do "due diligence" in the assignment of funds -- in gold collateral -- for humanitarian purposes and reconstruction projects. Finally, the non-negotiable part of this deal, in which the Federal Reserve System's owners would get $ 6.5 Trillion in gold collateral for the debt they themselves foisted on the U.S.A., was that all mortgages on all properties and land in the United States, as recorded through December of 2002, were to be marked "Paid In Full" and returned to the property owners or their heirs and assigns. That's correct -- all of the mortgages held by all of the banks under the Federal Reserve System's control, or foreign banks with which it must correspond via the 1919 Act and other acts, were to be marked as paid in full ....

The instruments to assign this debt swap were drafted and executed on May 21, 2003. The banking cartel of Spain, otherwise known as the Control Group, and Clear Stream, were named to handle the transactions and compliance was assured to be completed within three weeks. Certain U.S. banks were named to handle the drafts to establish gold banking for the Durham Trust. Promises were made and many assurances given. Shipping numbers and receipts are available to prove this offer was made, sent and delivered.

The Federal Reserve System's governors lied. They embezzled the $ 13 Trillion U.S. and welched on the deal to 'put paid' to all of the mortgages held by the banks under their supervision, or by correspondence. These monies were shovelled into the various stock markets, while the mortgages -- which are stored mainly in London and Paris, as 'assets' of foreign bankers -- were not returned to the U.S. and not paid off. The Durham Trust was not invested with $ 1 billion U.S. au for the purpose of overseeing its humanitarian projects, and the indebtedness of our Latin American neighbors was not liquidated, either. This amounts to the greatest banking fraud in history.

Since that time, the leading Chinese banks and the Islamic banks who were the primary victims of the counterfeiting mentioned before, have wised up and are demanding satisfaction from the Federal Reserve System. Since they are stonewalling the bankers of Hong Kong and Shanghai, of Jeddah and Kuala Lumpur, this is leading to a sharp decline in the value of the dollar in overseas markets, and not a healthy decline either. Korean and Japanese banking is in turmoil too.

As of March 22nd, V. K. Durham has been in contact with principals of the United States Treasury, who first contacted her: she asserts that her position is clear -- the embezzlers must be brought to account, and the counterfeiters brought to justice, before the Durham Trust will render any additional assistance or underwrite any other debt relief programs -- period. She has made it precisely and abundantly clear to the Secretary of the Treasury that there will be no bail-out of the Federal Reserve System, no support for any private bank associated with these frauds, and no further negotiations with any private agency or agent. "They had their chance to do right," she said. "Let them twist in the wind, now."

Perhaps this message will help make certain things clear: the reason that there is so much money available now for "mortgages and refinancing" is that the embezzled money has been streamed downwards to secondary banks and to commercial lenders. Most of those operations are run by honest people who have no clue that the 'new capital' being made available, is stolen money. Second, the swindlers seem to believe that if they can write thousands and thousands of new mortgages, that this will lessen 'the pain' of having to write down all the old mortgages. What pain ?? Forget the fact that the banking factors were being provided $ 6 and one half trillion U.S. to liquidate these debts !! It was all consumer debt, ledger entries, many of which were created out of thin air, to begin with !! It isn't even really about greed, it is about their ambitions for social control and the usurpations of our rights, and their own arrogance.

V. K. Durham has tried every avenue known, to seek redress for these grievances: notice of this embezzlement and fraud has been given to the Securities Exchange Commission, to the Secret Service and Treasury, to various Congressmen and Senators, to foreign press agents and news media. She's archived the documents in question for anyone to view, and she's written extensively from her own perspective on all of the swindles and chicanery that this 'theft of the centuries' has involved. And the historical background and developments surrounding the Bonus 3392-181, and more.

The SEC has refused to consider the question at all. The Secret Service claims it has only one duty, to protect the President ( which is an outright lie, as counterfeiting is in its domain ). But pressure from foreign bankers and financial markets is beginning to become unbearable.

How will it all play out ? Neither political party 'on the Hill' wants to touch this, as they all crawl on their bellies to pay homage to Sir Alan of Greenspan, and hang on his every mumbled and muttered utterance.

And so, does Ralph Nader have the courage -- as the leading consumer advocate of the last forty years -- to demand to get, and to know the truth about the Durham debt swap of 2003, and the embezzlement of $ 13 Trillion U.S., and the unlawful pirating away of the mortgages on properties belonging to Citizens of the U.S., held by British and French banking factors, in the City of London or in Paris

And isn't this more important than whether or not the Supreme Court will hear arguments about "pledging allegiance?" We all love the flag, and we all think of God as having a reality in our lives -- each in our own way -- but this issue is about real money, real embezzlement and the real theft of mortgage payments by British and French bankers who know very well that these properties have been PAID OFF by the Durham Trust in the debt swap of 2003. And here is her statement of intention, concerning the uses of the gold collateral value held in trust by The Durham Trust:

"This TRUST will underwrite the necessary collateral from this OUTSTANDING DEBT owed to the TRUST CREDITOR -- to UNDERWRITE "AMERICAN OWNED" INDUSTRY, MANUFACTURING, HOUSING, EDUCATIONAL SYSTEMS, RESEARCH and DEVELOPMENT, JOBS, family owned FARMS, et cetera, as needed, and to REBUILD the U.S. & LATIN AMERICAN REPUBLICS." It is 'a Marshall Plan' for the American Continents.

------------------
What luck for rulers that men do not think
-Adolf Hitler

Those who would give up their freedoms for temporary safety; deserve neither freedom nor safety
-Benjamin Franklin

All tyranny needs to gain a foothold is for people of good conscience to remain silent
-Thomas Jefferson

In a time of universal deceit-telling the truth is a revolutionary act
-George Orwell

A man may be a fool and not know it; but not if he is married.
- H.L. Mencken

[Deep Knight]

From a conspiracy summary site:

V. K. Durham

Vina Katherine Durham, also known as Vina Dumham, Vina Kathryn Durham, Dona Vina Durham, Catherine Herrmann, and watcher51445, tells the story of being the widow to Russel Hermann, a retired Colonel working for the U.S. Office of Naval Intelligence, the Coast Guard, and the Treasury Department who was murdered while investigating Iran-Contra affair and the murder of Vince Foster.

Russel Hermann died in 1994. Durham claims that Hermann was tortured and stuffed in a freezer at the Veterans Administration center in Marion, Illinois.

Durham claimed that Hermann was known as "THE GREY FOX, head of the most deadly UNIT in the CENTRAL INTELLIGENCE UNITS", and also as "El Gato". Gray Fox was the nickname of the US Army's secretive Intelligence Support Activity unit when it was in Afghanistan in the early 2000s; it is not known if this name was used in the 1990s when Russel Hermann was alive.

Alteration of records

Durham claims that records of her employment at the Department of Health and Human Services were deleted.

Money

Durham claims to be the owner of 400,000 tons of gold. CNBC estimates the entire world's gold reserves at around 200,000 tons, half of the amount Durham claims to own.

Durham claims to own legal title to a Peruvian bond from 1875 named "Bonus 3392-181" that is the property of the US government and was leveraged as collateral for a ten-year $120 billion bond on September 12, 1991. Durham claims the value of the bond after 115 years of 24% interest as $206,858,581,565,280,000,000 ($206 quintillion), which would make the original bond worth around $3.75 billion in 1875 dollars. The US budget in 1875 was $308 million. Elsewhere it is claimed that the original bond was for $1,000. This would require a 41.44% interest rate to produce $206 quintillion after 115 years.

Enemies

Durham is in competition with:

Global Alliance Investment Association (GAIA) -- "being used for ... economic terrorism"
Inter-American Investment Corporation -- "former U.S. Contra Accounts corp"
Inter-American Development Bank -- "money laundering bank for the Contra's"
Tallano-Acop Foundation -- Associated with GAIA.
E.J. Ekker and Doris J. Ekker -- Directors of GAIA
Rick Martin -- Treasurer of GAIA
Charles Neil - Executive VP of GAIA
Ronald Kirzinger - Executive VP of Tallano-Acop
Cenon C. Markos - Trustee of Tallano-Acop

Durham alleges that the Ekkers are a "FALSE MUSLIM HATE CULT underwriting the AL QAEDA" who use the alias Commander Hatonn.

Tallano-Acop

The Tallano-Acop Foundation claims to be the true owner of the Philippines based on a 1764 proclamation by England. The group is very closely linked with the Global Alliance Investment Association (GAIA).

A 2005 letter to Jeb Bush from E.J. Ekker and Doris J. Ekker calls Durham a fraud and claims true ownership of the 400,000 tons of gold.

Flocco

Tom Flocco carried the Durham story, citing his information to "leaked documents from an intelligence file obtained through a military source in the Office of Naval Intelligence." Flocco has since pulled the story from his website, listing it as a retracted story.

Similarities to Leo Wanta

There are similarities between Durham's case and that of Leo Wanta. Both claim legal title to more money than exists. Both Durham and Wanta claim that evidence of large CIA-related financial transactions securities were destroyed in the 9/11 attack, and that ten-year bonds were to come due on or around September 11. Both make appeals to patriotism and references to the death of Vince Foster. Both claim high-ranking connections that fail to check out, in Wanta's case a nonexistent Somali president and in Durham's case a nonexistent US Senator John Morton.

Wanta claimed very questionable diplomatic credentials; according to Durham, the Ekkers claim very questionable diplomatic credentials from their claim to represent the Philippine monarchy. Wanta claims to want trillions of dollars so that he can pay his income taxes to the federal treasury; the Ekkers say the same about their demand for Philippine wealth.