FOUNDATION X - PT 2

Not too long ago i put on this Blog a very strange story about FOUNDATION X, the story was taken from the the House of Parliament and House of Lords HANSARD RECORDS -

HANSARD -
Hansard is an edited record of what was said in Parliament. It also includes votes, written ministerial statements and written answers to parliamentary questions. The report is published daily covering the preceding day, and is followed by weekly and final versions.
Transcribing and publishing

Members’ words are recorded by Hansard reporters and then edited to remove repetitions and obvious mistakes but without taking away from the meaning.



I shall ask again....

WHO ARE FOUNDATION X ?
WHAT IS FOUNDATION X ?

A bizarre intervention in the House of Lords debate on the Spending Review has been picked up by Hopi Sen. In it, Lord James of Blackheath, most famous as the efficiency expert whose proposed savings were a key plank of Michael Howard’s election platform in 2005, has revealed his secret contacts with a mysterious “Foundation X”, which is prepared to invest billions in gold bullion in the restoration of the British economy.

It’s hard to avoid the conclusion, reading the transcript, that His Lordship has been the victim of a scam of some kind – that, or the Government has been grossly irresponsible in not pursuing this, ahem, golden opportunity.

The entire debate is worth perusing, as the details grow more and more outlandish: for example, Lord James reports that the Government did meet the mysterious Foundation, but analysts came up with “a figure for the amount of bullion that would be needed to cover their [alleged] currency reserves… which would be more than the entire value of bullion that had ever been mined in the history of the world”.

My favourite intervention, however, comes slightly later, in the shape of the marvellously straight-faced response from Lord Myners, the opposition spokesman: “Clearly, the noble Lord has access to the solution that, with one leap, will take all the Government’s problems of financing to a better place. The Minister has clearly been remarkably bad at responding to the noble Lord, and we look forward to the Minister’s explanation now.”

Watch this space for further news…

Update: My colleague Martin Beckford informs me that the leading suspects are the Office of International Treasury Control. And as Auntycensorship points out, the original speech was picked up by Charlie Stross as well as by Hopi.


http://blogs.telegraph.co.uk/news/robertcolvile/100062396/can-foundation-x-save-the-british-economy/



Why has FOUNDATION X offered to bail out Britain with massive amounts of GOLD AND CASH IN INTEREST FREE LOANS ?

What does FOUNDATION X get out of this ?

FOUNDATION X Pt 1 can be found here
http://wiganpatriot.blogspot.com/2010/11/foundation-x.html