IT IS JUST LIKE BUYING A LOTTERY TICKET;
PLATFORMS HAVE NO CASH TO BUY...THEY NEED LINES OF CREDIT. THERE ARE VERY FEW PRIVATE BUYERS WITH SERIOUS MONEY.
THE UPFRONT IS THE ONLY IMPORTANT PAY OUT.
The first thing to note is that many intermediaries never get paid --quoted a bank manager---and that very few bonds are actually paid on...due to the difficulty of getting lines of credit on expired securities....!!!! It is essentially a non business unless you have a direct buyer who is buying that particular bond and not going through an ignorant chain. There is a slim chance on Chinese, Japanese and German bonds as they are old national debts........but they will likely only pay out on less than 30% at a time and leave the rest for years and years as has been done so far.
There are only 3+1 official redeemers and under them a further 32 in subs 8x4, total....
.IN FACT THEY ARE ONLY COLLECTORS AS THE REDEEMER WAS ALWAYS GOING TO BE CHINESE...
...........Only 30% of all proven bonds will actually be redeemed....The Chinese have already indicated that many perhaps thousands of bonds with passco are actually fakes....Made on philipinno machines expropriated many years ago and are real print machines so fakes pass passco...Now the Chinese are using scripopass, a de la rue procedures as well as their own...Royal Families are paid first. It is unlikely that the Chinese will pay before the end of 2013.
THE MEXICAN BOND SCAM. Similar to the structured investment vehicle sub-prime scam. (Flippers usually offer cash and immediate TTMs but there is no guarantee they won't clean one off the geneology and steal the commission-touts and scalpers.THERE ARE HONEST ONES OF COURSE)---- CC. Washington Post.
First lest dispel the delusions of Billions of dollars and Trillions and Quadrillions. This is not money but digitals it cannot be taken out of the country or to a bank, it is a ledger tool. It is in the main fully estimated projections over a number of years like 20 or more. plus there is a 80% min humanitarian deduction. The GDP of the USA last year was 14T the whole world 40T..5 Billion will buy an aircraft carrier....so these pieces of paper are not worth that..lets get real...otherwise Mark Zuckeberg, Bill Gates and Warren Buffet could not afford one. The real street value can be seen at glabarre.com studios or on ebay and craiglist.
HERE IS THE BREAK DOWN ON TRADING PLATFORMS
INSTRUMENT ARE MONITIZED UP TO 90% OF FACE VALUE
PLATFORM TAKES 5% OF GROSS PROFITS
Up to 80% GOES TO UN list of HUMANITARIAN EFFORTS.
IT IS IN A MONITORED SEGREGATED ACCOUNT IN THE BENEFICIAL OWNER OF THE INSTRUMENT'S NAME.
MONITORED BY THE FED RESERVE AND IS ACCOUNTABLE IN A DRAW ACCOUNT
OWNER OF THE INSTRUMENT RECEIVES 14% Gross.
Mexican Government Statement on their Bonds.
BONDS THAT WERE OLD DEBT
In response to numerous inquiries made to the Ministry of Finance
Office and the Central Bank, it is public knowledge that the bonds
old debt issued by the Mexican State between 1850 and 1951 today
worthless days since the deadline passed for payment, and do not give
action or other right to its holder, which has been confirmed by the Power
So there you are they are worthless and all this broker bullshit about Hacienda quoting prices is total rubbish...
They do not record names at Hacienda only folio numbers as the bonds are 'Bearer Bonds', you just need sales receipts and provenance as in art and antiques.
Here is evidence of court cases and the story of the 4 head Presidents....another insight sent to me.
There are only about 5 real buyers who can perform in the world, and will pay the others will only use the bonds package.
My friend who is an associate of Hacienda told me that he only personally knew of 10 real transactions in his Asian Zone, last year and he was associated with one for 500K. He also said the Govts want to know who own the bonds and where they are at.. probably for a future re-certifying as a security at a lower price and interest. He also said the platforms are mis-appropriating the bonds...
The platforms use the bonds as an agreed ‘Temporary Bridge Collateral’ to get a line of credit or loan to start a ‘Trade’, as the bond has no intrinsic value this amount is paid back from the first trades.. THIS LEAVES THE BOND STILL ALIVE AND NOT MONETISED AS IT WAS ONLY USED FOR COLLATERAL THIS MEANS IT CAN BE USED TIME AFTER TIME AND NEVER BE REDEEMED. ALSO TO DO THIS THEY DO NOT NEED THE BOND ONLY OWNER’S NAME AND FOLIO NUMER IN A KYC. Nobody complains as the IMF gets 80% of the tranches into humanitarian projects, which is a broad stroke and can involve JV and future equity for the platforms. Some so called humanitarian projects are barely that and are strictly profit making with equity and future JV profits..So getting tax breaks on the tranches from the trading.
The owner will be put under a silence order and confidentiality agreement to say nothing about how much they received for the bond...which is now owned by the platform ,OR JV,for future temporary collateral. These agreements never come to light and therefore never come to your paymaster, only the owner, the platform, the compliance and some intake officers get a kick-back .
THE BROKER NEVER HEARS ABOUT THE BOND AGAIN IT GOES DOWN A BLACK HOLE NOT SOLD, AS IT NEVER WAS SOLD, ONLY COLLATERALISED NOT MONETISED AS THE LOAN IS PAID BACK. THE PLATFORM DOESN’T EVEN NEED THE BOND JUST THE PACKAGE AS IN MANY CASES THERE IS A JV WITH THE LISTED OWNER. THIS IS SIMILAR TO THE SWISS BANK SCAM WHERE THEY COLLATERALISE GOLD IN THEIR BANKS WHICH IS NOT OWNED BY THEM
Most brokers or intermediaries never find out who the platforms are or their names so they can never follow up the scam or rort... Matrix 7 is one which my Hacienda Associate told me is owned by the Bush Family...and another was called Prakash Platform but there are thousands of them.
YOU MUST ASK YOURSELF THE QUESTION WHERE HAVE ALL THESE THOUSANDS OF BONDS GONE AND WHY YOU DON’ T KNOW ANYONE WHO HAS BEEN PAID. I PERSONALLY HAVE SUBMITTED OVER TWO THOUSAND SINCE OCTOBER 2011. THE COMPLIANCE OFFICERS AND INTAKE OFFICERS, MANY OF THEM GET PAID ON ALMOST A SALARY TO COLLECT PACKAGES FOR THE PLATFORMS...ANYONE WITH A SECURITIES TRADING LICENSE CAN BE A PLATFORM.
In this way it is similar to the siv subprime scam, where packages were sold all around the world without paperwork from the mortgage.................
NB. The four head President bond the platforms want has NO FOLIO NUMBER yet they deal with it. How can compliance possible be done on a bond that cannot be traced as real? This is more evidence of a scam in the platforms...Also I believe the 1843 27500 pesos Black Eagle was never ever issued by Mexico? But was a fake based on the 20,000K I actually have a jpeg on how it was done...I was informed that the 4headed was actually redeemed and destroyed years ago...
These fake bonds and notes discovered in Italy to the value of 6T are more than likely laundered as temporary bridging collateral through the trading platforms..
E and B....I sent a bond to and the seller Mr H got back to me and told me that somebody had tried to wipe my name off the geneology and then took it to Mayfair a known non performer...Don Man was not next to the chinese redemption in this case but bloody Mayfair in the Caymans.
ALSO BAD SELLERS SHOULD BE LISTED...Not just those 'blacklisted' by the platforms...Now especially of new SEC rules on them...IE..The bond the consultant and the bad seller will all be blacklisted by the SEC itself...I don't know how this would affect other work in commodities...I will invite a list of those that have wasted my time so later brokers don't waste theirs. Historicals do not come under SEC strictly as they are expired and therefore not securities...
I personally have been called by the FBI in Washington State, twice, to surrender emails on a broker they were investigating--so I know they are active. I surrendered the emails of course..and I live in Canada.!!
[4:17:15 PM] J Got this back earlier today:
[4:17:16 PM] J " A trader can not use the bond without the owners approval, for collateral or for anything else. IF you go to a bank with just a folio number, the bank will have to see the bond. that is why banks ask for skr, or ownership. the owner has to approve all that goes on with bonds according to the SEC attorney i just spoke with."
[4:17:22 PM] Tony O'Clery: my article has ruffled a few feathers but they haven't been paid either just cult like thinking.
[4:20:33 PM] Tony O'Clery: that is a lot of crap...these are no good at the bank as they are not securities they are a treaty asset ruled on by a us district court...YOU CANNOT TAKE AN PIECE D'ART TO THE BANK. The sec attorney is talking out of his arse...they are not securities so do not come under sec actually...only when used as temp bridge collateral... They are supposed to have the bond but the lender may lend without it as the bond is worthless anyway...they get their money back straight away asap.
[4:21:54 PM] Tony O'Clery: how do they lend on a 4 head prez with no folio number as it was burned long ago...or a 27500 that was never issued by mex govt.???????????????
[4:22:11 PM] Tony O'Clery: would you take a dollar bill without a number? some say the folio number is in the water mark on the back but all the interest payment coupons have been used as well.
[4:22:39 PM] Tony O'Clery: it is all a scam and there is probably a lot more going on that we don't know....
[4:23:32 PM] Tony O'Clery: they want the tax dodge on the humanitarians and we know that is a broad brush...and they want an excuse to get hold of lines of credit to trade...they don't trade the bond it is useless.
[4:24:32 PM] Tony O'Clery: if the platform has the package what is stopping them using the folio number etc later with a 'cooperative lending officer'.
[4:24:59 PM] Tony O'Clery: it is returned in the first tow tranches anyway...and all
[4:25:28 PM] Tony O'Clery: but their responses are interesting...where is bernie madoff?
[4:28:01 PM] J: [4:25 PM] Tony O'Clery:
<<< bernie madoff?ha - yeah!
[4:28:37 PM] Tony O'Clery: he would have loved this one no jail,,,,just like subprime no jail.
Genuine market prices with kyc of bonds.....
Comments: From topix forum on mexican bonds; "" IT'S BECAUSE THEY HAVE NO INTENTIONS OF EVER PURCHASING THESE BONDS. IF ANYTHING THEY WILL GET YOUR PACKAGE USE THE NUMBER LOCK IT IN AND COMMENCE TRADING WITHOUT EVER PAYING YOU ANYTHING. ALL""
EXTRACT FROM INT'L TREATY AND FED RULES:2008.
Buyers and Sellers conducting oil and other commodities
From now on, if an ICPO, LOI, RWA, or BCL is issued and the
document is not real, the Buyer will be able to inform to the
FBI, ICC, and INTERPOL. In addition, after an FCO is sent to
the Buyer, there should be a formal answer to Seller from
If there’s no response from the Buyer in a timely manner,
the buying company will be reported to the FBI, ICC, and
INTERPOL. If this action is repeated by sellers, they too
will also be reported for abuse of the NCND, LOI, ICPO, AND
RWA OR BCL,
FOR THIS IS A FEDERAL OFFENSE.
It is important to transmit this to all clients that work
with providers that are members of the ICC, FBI, and other
From this point forward, the international codes will be
strictly enforced to exclude all intruders that send out
false information. Those who submit a false NCND/IMFPA, LOI,
ICPO, RWA or BCL, or FCO, as well as FALSE PROOF OF PRODUCT
(POP), WILL BE CHARGE WITH A CRIME.
This went into effect on November 15, 2008 after a meeting
was held between the Federal Reserve, European Central Bank,
Interpol, Federal Bureau of Investigation and Central
The reason for this measurement is to protect the
commodities industry which is a fundamental part of the
I have read and understood the severity of the warning
above and do realize the serious impact that pertains to all
oil and other commodities transactions.
ENTRY ON FAKE BONDS AND FAKE EUROCLEAR DOCUMENTS..
Now, they are trying to print fake BCVs and Mexican historical bonds. Historical bonds cannot be secured for a line of credit. A real trading transaction is ONLY triggered by CASH. Some brokers claim to trade historical bonds but I assure you its part of a scam as not one trading bank anywhere in the world is using collateral in the form of a historical bond..
Scammers can't fake real bank to bank communications and that's where they fall short and the scam ends and the same deals keep circulating just with different names.
Of course the bond itself is not used as collateral to trade but only to get a temporary line of credit..which is bought back quickly as the bond is worthless.
THIS PAGE IS NOW ON ON THE OPEN WEB ON MY BLOG. http://oclery.blogspot.com/2012/02/mexican-bond-scam.html
NEWS NEWS NEWS SEC.
Please note the following changes on World Bank Procedures Effective immediately:
As of March 1 2012 Per World bank, IMF and the United Nations purchasers of historical documents must confirm with ICPO with full banking authority before any additional information outside of a Name of bond holder, Proof of life no older than 5 days with newspaper is required and set forth to start the transaction. Once the ICPO is confirmed then the seller is then obligated to send the full package forward to the buyer that is listed on the ICPO. If these rules are not followed the transaction will be considered arbitrage and an illegal transaction. Proof of Life is considered a clear picture of the bond with a current newspaper no more than 5 days old. Together with the owners name of the Bond only. If date and folio number of both newspaper and bond is not readable it will not be accepted for consideration.
Seller/Owners phone number and logistics is not to be included, nor passport picture.
Seller is expressly not to transmit package without prior to the steps being followed. Such actions are considered grounds for confiscation of bonds and documents, and immediate arrest of any intermediary or broker involved.