In the comments to the last post, Luke Waterfield has supplied a plausible solution to the identity of “Foundation X”, the mysterious and secretive organisation with unlimited funds that has held meetings with a Lord and a member of the British cabinet about investing in the UK.
Is “Foundation X” the “United Nations Office of International Treasury Control” a body which claims to be a “Sovereign Entity” formed after the end of the Second World War?
If you want to know more, they have a most informative video here. Iain M Banks fans will note a wry sense of science fiction humour in the choice of music.
Naturally, everybody linked to the actual United Nations denies any such body exists.
But as all conspiracy theorists know, that’s a dead giveaway. Plausible deniability is important.
The UNOITC is run by a Dr Ray C Dam. However, as the UNOITC website makes clear, “Dr. Ray C. Dam is a person, but His Excellency Dr. Ray C. Dam is a certified and indemnified international Central Banking financial institution operating as The Office of International Treasury Control.” So you’ve got to get the details right.
The similarities between “Foundation X” and “UNOITC” are notable.
“Foundation X” has Gold Bullion, and wants to invest in billions in economic reconstruction. So does the UNOITC. Additionally, there is mention of the gold standard in both accounts.
“Foundation X” is secretive and only wishes to discuss their proposals with extremely powerful people. The UNOITC has a similar sense of propriety, as can be seen by their unhappiness with the response they got from the Scottish Government when they offered help there.
But of course, it could be someone is trying to scam the UK government, in the disguise of the UNOITC, relying on the good name of that body for their own nefarious purposes (ahem). According to the UNOITC themselves, such unsavory business practices have been ongoing, and Governments must be watchful.
To be serious for a moment, UNOITC are a plausible candidate for “Foundation X”. According to their Wikipedia entry, they have a history of making similar approaches to governments like Fiji, and even attempted to buy MG Rover for the familiar sum of £5 billion.
This was a significant over-valuation, so it’s perhaps unsurprising that they did not prceed with that investment. Why do they seek to make such approaches? No-one knows.
If this is the case, it’s rather sad that Lord James has been taken in by a pretty blatant and rather silly hoax. Lord James is, I’m sure, a decent man, and we all make mistakes. It would be wrong to overly mock a man with a distinguished career for making such a mistake late in life.
What’s a little more disturbing is that this… misunderstanding, has led to representatives of this body gaining a meeting with a Cabinet minister and their proposal apparently leading to discussions with other ministers.
I don’t doubt that Lord James is telling the truth when he says he was contacted by an FSA regulated financial institution. But if it’s this body, I’m amazed that it wasn’t immediately spotted as a hoax. or at the very least, a joke of some sort.
So how did it get so high up in government?
Perhaps Lord Strathclyde was acting out of simple good manners, trying to be sympathetic to a colleague. That’s understandable. But to put yourself in a position where possible fraudsters get to meet with Cabinet Ministers is… unusual.
It’s certainly on a par with that Australian fellow with the dodgy diet tea company!
In any case, I wonder what discussions Ministers have had over the activities of the UNOITC, and if the Government needs to be slightly more on guard against the activities of what you might call, in another tribute to Iain M Banks, the “Finance Culture Eccentric”