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Japan's massive mystery deposit...Fed...no documents...
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Topic: Japan's massive mystery deposit...Fed...no documents... (Read 1894 times)
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WhiskeyGirl
Monkey All Star Jr.
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Japan's massive mystery deposit...Fed...no documents...
«
on:
March 13, 2010, 08:01:46 AM »
"Japan's massive mystery deposit in U.S. Federal Reserve proof of shoddy administration"
Quote
An investigation by the Ministry of Finance has confirmed that the Japanese government deposited $103 million into a zero-interest account at the U.S. Federal Reserve Bank of New York between 1972, when Okinawa was formally returned to Japan, and 1999. Deputy Prime Minister and Finance Minister Naoto Kan has also admitted that there was a secret pact between Japan and the U.S. over the reversion of Okinawa.
At the same time, it has been learned that no documents relating to the deposit were retained on Japan's side, and officials at the Ministry of Finance did not hand down information to their successors. We are shocked at the slipshod management of documents and the lack of responsibility in handling the public's money.
The fact that there was a secret pact made between Japan and the U.S. during negotiations over the Japanese government's financial obligations in the reversion of Okinawa has already been exposed through documents declassified in the United States.
In December 1969, memos were exchanged between Japan's vice minister of finance for international affairs and the special advisor to the U.S. treasury secretary. They stipulated that Japan would deposit U.S. dollars which it obtained through a currency swap into a U.S. Federal Reserve zero-interest account for at least 25 years, with the amount standing at $60 million or the actual exchanged amount, whichever of the two was greater.
Some have pointed out that operation of zero-interest funds would benefit the U.S. The Ministry of Finance, however, has shrugged off this suggestion, saying that while the move could be viewed as providing financial benefits to the U.S., it was in fact meant to offset windfall profits that Japan would receive through currency exchanges, and differed in nature to the regular provision of financial benefits. Nevertheless, when considering that the agreement was made outside the framework of Japan's official financial burden of $320 million under the Japan-U.S. agreement on the reversion of Okinawa, claims that Japan was providing financial benefits to the U.S. cannot simply be brushed aside.
more here -
http://mdn.mainichi.jp/perspectives/news/20100313p2a00m0na010000c.html
What other secrets lurk in the Federal Reserve?
Why does the Federal Reserve open the books for Japan? Somehow these documents were declassified?
How often do documents go missing?
Where were the documents in the US stored, if not at the Federal Reserve?
When's that robust audit of the Federal Reserve happening?
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All my posts are just my humble opinions. Please take with a grain of salt.
It doesn't do any good to hate anyone,
they'll end up in your family anyway...
WhiskeyGirl
Monkey All Star Jr.
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Posts: 7754
Re: Japan's massive mystery deposit...Fed...no documents...
«
Reply #1 on:
March 13, 2010, 08:08:24 AM »
Bilderberg connection
Wikipedia’s Bilderberg Group Attendee List
David M. Kennedy (1968), former United States Secretary of the Treasury
http://www.congresscheck.com/2009/02/13/wikipedia%E2%80%99s-bilderberg-group-attendee-list/
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All my posts are just my humble opinions. Please take with a grain of salt.
It doesn't do any good to hate anyone,
they'll end up in your family anyway...
WhiskeyGirl
Monkey All Star Jr.
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Posts: 7754
Re: Japan's massive mystery deposit...Fed...no documents...
«
Reply #2 on:
March 13, 2010, 08:22:30 AM »
Quote
Okinawa return costs probably topped $320 million under secret pact
Saturday 13th March, 04:56 AM JST
TOKYO —
Finance Minister Naoto Kan said Friday he believes the Japanese government paid more than a total of $320 million for costs related to the 1972 reversion of Okinawa under ‘‘a secret pact in a broad sense’’ with the United States.
Kan made the remarks after releasing the results of the Finance Ministry’s months of investigation into Japan’s zero-interest account at a U.S. Federal Reserve Bank in connection with the reversion of Okinawa to Japanese sovereignty from U.S. control.
The main subject of the investigation was one declassified memorandum of understanding that Japan’s former top financial diplomat Yusuke Kashiwagi negotiated in 1969 with his U.S. counterpart, Anthony Jurich, which indicates that Japan had promised to pay more than $320 million for the reversion.
‘‘Between Japan and the United States at that time, I believe there were secret promises regarding the burden going beyond $320 million, which has been stipulated in the agreement on the return of Okinawa, and how other money (for the reversion) should be spent,’’ Kan said at a news conference at the ministry.
Quote
The Finance Ministry could not find a copy of the memorandum, signed by Kashiwagi and Jurich, in Japan.
The memo, which has been kept in the U.S. National Archives, said, ‘‘The Bank of Japan will deposit $60 million or the amount of currency actually converted, whichever is greater, in a non-interest bearing account with the Federal Reserve Bank of New York acting as principal and agent of the U.S. Treasury.’‘
http://www.japantoday.com/category/politics/view/okinawa-return-costs-probably-topped-320-million-under-secret-pact
Who was Anthony Jurich?
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All my posts are just my humble opinions. Please take with a grain of salt.
It doesn't do any good to hate anyone,
they'll end up in your family anyway...
WhiskeyGirl
Monkey All Star Jr.
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Posts: 7754
Re: Japan's massive mystery deposit...Fed...no documents...
«
Reply #3 on:
March 13, 2010, 08:24:24 AM »
Quote
Declassified documents in the United States have led some experts to put the total amount paid by Japan at the time as high as 685 million dollars.
The Foreign Ministry report released Tuesday has cast doubt on the way previous Japanese governments conducted affairs overseas.
The report said it believed past governments had been "dishonest"
.
more here -
http://www.chinadaily.com.cn/world/2010-03/12/content_9583437.htm
What about the American government? The Federal Reserve?
What else lurks in the Federal Reserve that might be dishonest?
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All my posts are just my humble opinions. Please take with a grain of salt.
It doesn't do any good to hate anyone,
they'll end up in your family anyway...
theboyzmom
Monkey Junky
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Posts: 3465
Brandi is making sure I get around!
Re: Japan's massive mystery deposit...Fed...no documents...
«
Reply #4 on:
March 13, 2010, 09:03:54 AM »
I do not normally wander over here but love your post! The Federal Reserve is one of the most corrupt agencies today. I am a huge supporter of End the Fed and Ron Paul and the current bill to audit the fed. Keep fighting the good fight!
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We can never be sure that the opinion we are endeavoring to stifle is a false opinion; and if we were sure, stifling it would be an evil still. - John Stuart Mill On Liberty, 1859
- George Bernard Shaw
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