Today I read the most extraordinary speech I think I’ve ever come across. It was given by Lord James of Blackheath, a respected industrialist and a former senior adviser to the Conservative party.
Lord James was speaking in the Lords debate on the Spending Review. You might expect him to touch on the issue of government waste, which he is known for politically.
Not a bit of it.
Lord James’s speech begins with Brigadoon, moves on to money laundering billions of terrorist money and ends with the claim that Lord James has been contacted by a mysterious “Foundation X” that wishes to invest £5 billion in the United Kingdom, with an extra £17 billion for hospital, schools and crossrail by Christmas, and who have met with a cabinet minister to discuss their investment.
Intriguing, isn’t it?
As an expert in laundering of terrorist finance and funny money who has “handled billions of pounds of terrorist money“, Lord James claims he was asked by a leading FSA regulated institution to investigate a mysterious organisation that wanted to invest substantial sums into the UKs economic reconstruction.
This body, which he calls “Foundation X”, apparently has huge reserves of gold bullion backed funds. On some estimates, these funds amount to more than the entire gold bullion mined from the earth.
With such great wealth, “Foundation X” is understandably secretive, and only wishes to discuss the disbursement of it’s funds with a Head of State or one of the “top six people in the world”.
So for 20 weeks, Lord James investigated the foundation. He came to the 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”
Having come to this conclusion, Lord James wished to expedite this investment. After all, “Foundation X” were talking about £5 billion immediately, with a further £17 billion to follow by Christmas to support Schools, Hospitals and Crossrail.
So Lord James secured a meeting for representatives of Foundation X with the Leader of the House of Lords, Lord Strathclyde. This was held some weeks ago and was, at best, inconclusive.
Since then, Lord James has discussed “Foundation X” in detail with Treasury ministers and now believes the government is dragging its heels and missing a major opportunity to drive forward the UK economy.
Now, you might think this is all barmy.
After all, mystery foundations with vast quantities of gold bullion backed securities to invest in the British economy don’t come along every day. It’s tempting to think that Lord James has been the victim of a particularly convincing Nigerian E-mail scam.
But if it is madness, it is madness that has reached the highest levels of government.
After all, not only have members of “Foundation X” met with the Leader of the House of Lords, the Treasury minister, Lord Sassoon, confirmed that he has been in “detailed discussions” on this subject with Lord James, adding that the Government “take seriously anyone who wants to invest in our economy.”
So what on earth is going on?
One thing is for sure.
The Truth is out there.
Update: Charlie Stross at Antipope has also been struck by this speech . He’s as bemused as me by it. Well worth reading his post and the comments. As an Iain M Banks fanboy, I particularly like the suggestion that a special circumstances GSV paid Lord James the honour of a visit. The “A valuable contribution from the spritual side“ perhaps?