Foundation X ??? How VERY odd...

[Simmy]

The shadowy organisation that wants to give the UK billions for NOTHING

By DAILY MAIL REPORTER
on 5th November 2010

A mysterious organisation called Foundation X has offered the British Government £5billion and wants nothing in return, according to a Tory peer.

The old saying tells us that there's no such thing as a free lunch and in these testing economic times, an offer of no-strings cash seems far too good to believe.

Yet Lord James of Blackheath told the House of Lords he had been in discussions with the group and had urged coalition ministers to take accept the multi-billion cash injection.

Though the alleged offer seems more suited to the type of advance-fee fraud found in the spam folders of email addresses across the globe, Lord James claims Foundation X is 'completely genuine and sincere'.

Lord James, made a Conservative peer by former Tory leader Michael Howard following the 2005 general election, suggested prime minister David Cameron or high-ranking Cabinet ministers such as George Osborne or Liam Fox should contact Foundation X to claim an initial booty of £5bn, with a purported £12bn to follow before the end of the year.

Speaking in the Lords, 72-year-old James said the British government would receive an immediate £5bn and a total of £17bn by Christmas if Foundation X were 'contacted by someone equal to head of state status or someone with an international security rating equal to the top six people in the world'.

'There will be no interest charge and if the Government would like it as well, it will put up money for funding hospitals, schools and the building of Crossrail,' he said.

'These things can be done but a senior member of the Government has to accept the invitation to a phone call to the chairman of Foundation x.'

Ending his 15-minute address on Monday, Lord James remarked: 'This is too big an issue. I am just an ageing, obsessive old peer and I am easily dispensable, but getting to the truth is not.

'We need to know what really is happening here. We must find out the truth of this situation.'

Former city boss Lord James yesterday seemed aware that his bizarre remarks and the supposed organisation's name smacked of a sinister group from the James Bond franchise attempting a poorly veiled blackmail scheme.

'This is totally different to a Nigerian email scheme,' he insisted. 'They don't want anything in return - no access to confidential information or bank accounts.

'No one would forgive us if we missed an opportunity like this'.

Read more: http://www.dailymail.co.uk/news/article-1326945/Completely-genuine-...

[Zachary Lange]

Very interesting. They may give the initial donation, who knows? But like they said there's no free lunch. Sounds like somebody really wants to be somebody's friend! What happen's then?

[Trudy]

Crazy !!!

[Simmy]

Foundation X Conspiracy
by Felix Salmon

http://blogs.reuters.com/felix-salmon/2010/11/03/conspiracy-theory-...

Lord James explains that:

- Britain needs “investment in industry”, to the tune of about £5 billion.
- He’s going to “raise a subject that I should not raise and which is going to be one which I think is now time to put on a higher awareness”.
- There is “a strange organisation which wishes to make a great deal of money available to assist the recovery of the economy in this country”, which he refers to as Foundation X.
- Foundation X has “megabucks”.
- He, Lord James, has “handled billions of pounds of terrorist money”; his “biggest terrorist client was the IRA”, who weren’t as nasty as the north African terrorists.
- As a result, he has “an interesting set of phone numbers”, which he used to “get a reference and a clearance on foundation X”.
- He has “come to the absolute conclusion that foundation X is completely genuine and sincere and that it directly wishes to make the United Kingdom one of the principal points that it will use to disseminate its extraordinarily great wealth into the world at this present moment, as part of an attempt to seek the recovery of the global economy.”
- The government — in the form of both the Bank of England and the Treasury — thinks that the whole thing is “rubbish”.
- Foundation X’s people “expect to be contacted only by someone equal to head of state status or someone with an international security rating equal to the top six people in the world”.
- They claim to have already deposited £5 billion in British banks — a claim Treasury says cannot be true.
- They claim to have more than $7 trillion in gold bullion — more than the standard figure of 5.3 billion troy ounces of gold which has been mined in human history.
- They would be happy to put up £5 billion for the UK government to invest in industry, they don’t want to control the funds, and they won’t charge interest.
- They’d also be happy to transfer £17 billion to the UK government for the Crossrail plan — before Christmas.
- Oh, and they’ll happily fund the building of hospitals and schools, too.

Lord James always struck me as a perfectly sensible person, but he does seem to have gone completely bonkers here. But hey, at least he’s provided years’ worth of grist for conspiracy theorists around the world. Who could this Foundation X be? Might they be related to the Rosicrucians? The Knights Templar? The Illuminati Elite? The Vatican? And what terrible fate might befall James, now that he has hinted at their shadowy existence?

Update: Jon Hendry reckons — and I’m inclined to agree — that Foundation X is the Office of International Treasury Control. Certainly this sounds very similar:

Though not generally or publicly known, OITC is the largest International Institution of its kind. It is the largest single owner of gold and platinum bullion in the World, in addition to being a major owner of Bank Debenture Securities, International Treasuries, Cash and other forms of securities…

Original assets in the form of gold have been wisely and well utilized to create wealth that creates further wealth…

It should be noted that only a few persons in each country of the world are eligible to be able to verify, or undertake a verification, re: the position of Dr. Ray C. Dam (International Treasury Controller) and the Office of International Treasury Control. Such persons are limited to Kings, Queens, Presidents, Prime Ministers, with Ministers of Finance and Ministers of Foreign Affairs subject to security status and special conditions / dispensation.

Any sensible person would recognize OITC as a scam after spending about two seconds on its website. Which says to me that David James is, sadly, no longer a sensible person. He’s had a long and noble and storied career; someone should let him retire with dignity at this point.

Update 2: Someone should show James the OITC’s extremely comprehensive Wikipedia page, which details, among other things, how the OITC swindled $20,000 out of an Ecuadorean mayor. There’s also this:

Speaking at a press conference in Fiji, OITC representative Masi Kaumaitotoya told the local media: “Don’t you ever, ever, ever again report negatively on OITC or we’ll sue you for defamation.”

Update 3: James tells Tom Espiner that he has not been approached by the UNOITC, and that there were no links between Foundation X and UNOITC.

[Trudy]

Hmm 5 billion for the UK out of nowhere!!! What a nonsense, must they keep up with the financial injection of 600 billion in the USA.???
Whatever they try, they slip off and their power is crumbling. And no money in the world can stop this...

[Starfire]

I heard some speculation on ATS that Foundation X is actually the Vatican :P Donno if it's true but I can only imagine that they would have the financial capacity to do this.....

[Simmy]

Hehehe! Lords!!! They think they are better than everyone else. Delusional people...
I don't know PT, the first thing that came to my mind was "filthy rich oil billionaires" for some reason...