MORE MISSING MONEY, THIS TIME FROM FROZEN LIBYAN ACCOUNTS

There's been more missing money reported, this time, from frozen Libyan assets in Belgian and Luxembourgian accounts belonging to murdered Libyan dictator Moammar Qaddafi, totaling billions of Euros. (This story, incidentally, was shared by Catherine Austin Fitts). As one might imagine, it has my high octane speculation motor working in overdrive:

€10bn vanished from ‘frozen’ Gaddafi accounts in Belgium – report

The story itself appears simple enough:

Some €10 billion of Libyan government funds, frozen as part of sanctions against the late Muammar Gaddafi’s inner circle, has mysteriously disappeared from a Belgian bank somewhere between 2013 and 2017, according to local media.

Back in November 2013, four Euroclear Bank accounts belonging to the Libyan Investment Authority (LIA) and its subsidiary Libyan Foreign Investment Company (LFICO) in Bahrain and Luxembourg, contained some €16.1bn in frozen assets. However, when authorities tried to seize the funds in 2017, it turned out there was only just over €5bn left in those accounts, an investigation by Le Vif weekly revealed.

“There remains a little less than 5 billion euros on the four accounts opened at Euroclear Bank SA,” Denis Goeman, a spokesman from Brussels’ prosecutor’s office told the Belgian publication. The remaining funds are still subject to seizure, but so far Euroclear reportedly has refused to hand over the accounts, prompting the prosecutor to threaten the institution with “more coercive measures” unless Euroclear releases the remaining Libyan funds “within a certain period.”

Belgian judicial authorities reportedly noticed the disappearance in autumn 2017, when the investigating magistrate, Michel Claise, who was in charge of the probe into alleged money laundering by Gaddafi’s inner circle, requested the seizure of the frozen Libyan funds. Those assets have been frozen since March 2011 in accordance with the UNSC resolution 1973. Belgium, however, has never authorized the “thaw” of these assets, Florence Angelici, from the General Administration of the Treasury, told Le Vif.

And the article ends with the all-important question:

While Belgium’s finance ministry insists that the interest payments were legal, Le Vif’s investigation, published Thursday, is certain that authorities must answer several crucial questions, the biggest one being: Where did the €10 billion vanish to?

When one puts a few billion euros against the staggering trillions that have gone missing in the USSA, this is, of course, mere pocket change. (And a more important question that no one is talking about these days: remember those quadrillions of dollars in derivatives?) Nonetheless,  ten or eleven billion euros is still a substantial amount of money, and I submit that those amounts of money don't simply "vanish." They went somewhere and to someone, and as I mentioned, this has my high octane speculation motor working in overdrive. The problem here is, that money could have gone almost anywhere, and there are a number of "contenders". As most regular readers here are aware, there is a banking crisis looming in Italy. Several Italian banks have failed in recent years, and most of them seem to have something in common: many of them seem have ties to Deutschebank, and a casual glance at the latter's activities reveals a suspicious trail all the way back to 9/11. (Did I mention that Deutschebank is also, by some estimations, the biggest single holder of some of those quadrillions of derivatives?) A few billion euros will not, of course, make those red numbers on the ledger magically disappear, but on the other hand, they could at least provide a kind of financial morphine drip in the short term. Then there's that "lady" (and I use the term loosely), who cackled about "we came, we saw, he died", the Benghazi crisis, Congressional inquiries, and a bevy of internet conspiracy theories that Mr. Qaddafi was taken out by M. Sarkozy and some other people because he was trying to arrange a gold-backed currency and bypass western central banks. Do I suspect this current round of "vanishing money" might be related to all of this?

Yes I do.

But where my suspicion meter goes into the red zone with this story is with Mr. Qaddafi himself, and with the whole post-9/11 program of "let's spy on everyone." Ostensibly, this program was developed to "Keep us safe from terrorism." Now, given Mr. Qaddafi's past history of support for terrorist groups and activities - consider only the suspicions of his involvement at some level in the  PanAm-Lockerbie disaster in this regard - it stands to reason that regardless of his behavior in the years prior to his murder of distancing himself from such activity, that he would have been very high on the list of people being watched by these surveillance measures. Any movement of funds into or out of any accounts connected to him or his government would have been watched very closely.

And that's why I'm highly suspicious here. That money didn't vanish, and "they" probably know very good and well where it is. And perhaps, just perhaps, this emerging story might have had something to do with those Belgian and Luxembourgian (and Dutch) bankers that were murdered in recent years.

In short, this story might just be the thread that, if one pulls long and hard enough, might lead to a much wider tapestry that begins to unravel. All it would take is one whistleblower with documentation...

See you on the flip side...

10 thoughts on “MORE MISSING MONEY, THIS TIME FROM FROZEN LIBYAN ACCOUNTS”

  1. Somehow, if you look at the big picture- it almost seems like the origin of BITCOIN?
    No direct connection, not sure why it seems to fit-

    But killing Banana Boat Dictators to rob them sounds exactly like the Operational Charter of Christians In Action… wink wink :–)

  2. The missing money did not disappear: it was logged-in and it was logged-out. That’s the way banking works (sarc); on a ledger system. Somewhere, if you dig deep enough, there is someone’s signature for release. You only have to tunnel your way in past the self-serving ‘blockages’. Should be an interesting mini-drama!

    (If I were the patsy that contributed that signature, I would be heading for parts unknown – quickly! Otherwise, I might shoot myself in the back of the head with a nail gun, six times…)

  3. Yes, 10 billion euros would be chum change to these uber kleptomaniacs but they can’t help themselves they what it all. It’s let the rest of us starve to death in the gutter where we belong in their eyes.

  4. With all the criminals involved in offing Gaddafi and running those banks, the list of suspects is virtually endless.

    Good luck finding it, just print some more and toss the debt on the serfs.

    1. Oh silly me, what was I thinking?!

      Of course this was Russian hackers.

      Sanctions! Frozen assets! Diplomatic expulsions!

      The Money Changers will not rest until their minions defeat the Russian bear (good luck with that).

  5. Robert Barricklow

    As Fitts says:
    Crime That Pays
    Is Crime That Stays.

    The financial global system is a systemic crime in action and the BRICS want out. Time for comp et it ion.
    Like in the GMO food; so in the financial systems.
    Now, we only need the free-energies to break loose from their oligarchical chains as well.

  6. The Euroclear Bank website boasts:”Optimal use of liquidity and capital reserves gain greater significance as we enter a new regulatory era within the financial markets”. Evidently the word “optimal” is to be understood in a very broad sense….

  7. All but 3 countries are on the fiat currency, debt wagon; there is no actual, real money to be had; it’s all debt generated from thin air by a certain Judaic, inc. family and their ilk. In some respects, one might suggest they own it all, and it was all “bought” with “money” from thin air; the interest on which was to be repaid in gold.
    I doubt, seriously, they even care if any of the principle is ever paid back as long as they get their gold. That paltry 10 billion is just a rounding error to them and of interest only to the bean counters of the world.

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