Meanwhile, the collapse of the Parmalat group in Europe will be as big as Enron. The whole thing was a complete fraud. It was more of a fraud than even Enron was. The out and out lies about bank accounts that didn’t exist. Forged documents. There are Republican Cabalists at JP Morgan and Citibank that are either going to have to flee this country or go to jail. They were some of the ones who signed off on it.

Two days before Italian Food Group Parmalat began struggling to survive a multi-billion-euro hole in its accounts which has led to the arrest of its founder and other executives. collapsed ...

... it was reported that the only place on earth that founder and chairman Calisto Tanzi felt he could go to for a bailout was the Blackstone Group. He apparently personally asked Frank Carlucci to bail out the company .He told Carlucci that if you don’t bail out Parmalat and this thing falls apart with a lot of anti-U.S. sentiments in Europe, he said -- you cabalists will not be able to control the European press and European investigations.

This was because Blackstone was involved in financing numerous limited partnership subsidiaries of Parmalat, principally offshore shells in Liechtenstein and the Cayman Islands.

So was Kissinger Associates. Enron was a real business, the former Houston Energy, Houston Oil and Gas, which was later combined with Enron. Houston Energy was, of course, the great Bush-Baker fraud. On the other hand, Parmalat was started as a fraud. It never was a legitimate business. The whole thing was designed to drain billions and billions out of European banks. You notice that US exposure, as mentioned on CNBC, even at Citibank and JP Morgan tends to be small. US mutual fund exposure to Parmalat debt is also small.

Parmalat was a giant fraud to suck money out of European banks – and did they ever. Tanzi himself was just a front. Here’s a guy who’s the chairman and supposed founder of a multi billion dollar company (by sales volume, the largest corporation in Europe) and the guy was a nickel and dime travel agent who overnight becomes chairman of the largest corporation in Europe. (It reminds you of the infamous Paretti who was a waiter and who mysteriously tried to take over a major Hollywood studio.) Tanzi didn’t have a clue, and didn’t even know what products they sold.

You will see Republican/ Bushonian interests in this deal because this thing is falling apart, and nobody is going to bail it out. CNBC actually reported (I’m surprised they had the nerve to report it) that before this deal collapsed, the Italian government got urgent calls directly from George Bush Sr., pleading with them to bail this deal out.

Why would Bush go to such extent to call the Italian government?

This is going to expose this old Italian/ Bushonian faction of which Silvio Berlusconi, the Italian prime minister and media mogul, is now the leader. There’s no way they can hide it. With the anti-American feeling in Europe, European media is going to have a field day. Furthermore, the French and German governments are going to want to big public investigations of this thing because they know who in Washington is going to be embarrassed by it.

Another interesting fact that isn’t commonly known is that before Parmalat filed for bankruptcy and collapsed last Wednesday afternoon, Henry Kissinger had been in Rome on Wednesday morning.

Kissinger was told by the Italian government to leave prior to this thing being collapsed. They told Kissinger to get back to the United States in a hurry and he did. He didn’t want to be in any European country after it collapsed because so much of this will be drawn back to Kissinger Associates.

The Parmalat collapse ensures that Italy will become the 38th nation on earth that Henry Kissnger can’t go to --for fear of assassination or indictment for war crimes, fraud, embezzlement, tax evasion, etc.

On January 2, there was a White House press release that was made with exceptionally little fanfare (only Bloomberg Business News ran this piece). The White House, having been stung by Government Accounting Office audits, revealing the missing $2 billion in seized Iraqi currency, gold bullion, diamonds, etc., unaccounted for, the $1.6 billion of misspent money by the Department of Defense in 2003 on so-called Iraqi and national security spending, announced that it will step up its efforts to recover former Iraqi government assets from the Hussein Regime. This would include the $10 billion that Saddam Hussein is suspected to have salted away in offshore accounts.

However, the White House also added that henceforth it would declare all such seizures of Iraqi assets to be a matter of “national security” and would no longer publicly release any details.

Furthermore, having cloaked these seizures under “national security,” this gives the White House the ability to take away the Government Accounting Office’s ability to audit said seizures by the US Treasury’s FARCO (Foreign Asset Recovery Control Office), in whose purview these seizures are.

The minute they invoke “national security,” the GAO can no longer audit various agencies of government responsible for the seizure and collection of said sums.

The obvious point is that the entire US government budget will eventually become a “black” budget. That is a whole subject matter in itself – how the Bush-Cheney Regime is increasingly classifying larger portions of the federal budget. This is particularly true with the Department of Defense and the Department of Homeland Security as well as related branches of the government like the 43 new public offices, agencies, divisions, bureaus and councils created post 9-11.

Virtually all of the spending of these agencies, including the Office of Internal Security, the Civilian Defense Force, the Office of State Cyber Security, etc. -- more than 80% of their spending is now classified.

As the GAO noted in an addendum to its December 18th report, which was only reported by AFP (no US domestic mews outlets reported it), it stated that it forwarded a letter to the White House complaining about this increasing classification. The letter stated that it is now impossible for the General Accounting Office to do ANY legitimate audits of the United States budget, since the ensconcement of the Bush Cheney Regime.

Furthermore the GAO demanded of the Treasury Department and the White House an accounting of the 2,900 metric tons of gold missing from US stockpiles.

The Treasury Department then referred the GAO to the White House (surprisingly enough) because it’s the Treasury Department’s function to maintain, store secure an inventory the gold, yet they keep referring the GAO to the White House, which, in itself, tells you a lot.

On a humorous note, last Tuesday was the annual National Press Club convention in Washington. One of the segments they had which was only carried on CSPAN 2, was a speech by Russell Mokhiber, editor of the Corporate Crime Reporter. There was no other news syndicate in attendance for his speech. There were only 3 other people in the audience – all from foreign news outlets. The subject of his talk was the 2003 Corporate Fraud Review, fraud committed above a billion dollars by publicly listed US corporations and government agencies. He went through a long list and then noted that each was “Republican-connected.” He drew the connections of these corporate chieftains to the Bush Cabal.

Then towards the end of his speech, he said later we’ll get to the fraud, connected to the Democratic party. When he said that one of the camera men from CSPAN immediately took out his cell phone and made a call. About three minutes later people begin to filter into the room. CNN Fox News, MSBC And CSPAN shows them and you can see who they are because our can see their press credentials.

They all sit down and they are waiting patiently while he continues going through the last of Republican connected frauds.

Then Mokhiber was asked by a reporter, we thought you were going to give us a list of Democratic party connected fraud. And he says, Oh I’m sorry,. There was no Democratic party connected fraud in 2003 that was $1 billion or more.

When the people from Fox News, MSNBC etc heard that they all made a beeline for the door. And this time, CSPAN focused the camera on them trying to leave holding their notebooks up in their face hiding themselves and trying to get out the door.

This just shows how politicized the mainstream media really is and firmly under the controla of the Bushonian Cabal.

Mokhiber baited them to come in and then pulled the rug out from under them because he wanted to make sure they got their faces on camera.

They didn’t want their media outlets to have to putout a story that says oh we couldn’t find any Democrat connected fraud above a billion dollars in 2003.

Out of 117 major frauds in the United States by publicly listed corporations or Republican controlled foundations or government agencies, there was not one Democrat connected fraud above a billion dollars.

Mokhiber snookered them. When he told them there were NO Democrat connected frauds, they didn’t want anyone to knew that they had even been there.

At the same time, the American Enterprise Institute was hosting a luncheon for reporters across the hall. They served lobster and champagne. Meanwhile all Mokhiber had was cans of Diet Coke and cheese crackers.

And that’s all you get -- if you tell the truth about Bushonian Cabalists in Washington.

* AL MARTIN is a political-economic analyst as well as America's foremost expert on corporate and government fraud. on Al Martin Raw.com: Political, Economic and Financial Intelligence (www.almartinraw.com). His memoir, "The Conspirators: Secrets of an Iran Contra Insider," chronicles his adventures with the Bush Cabal (National Liberty Press; 866-317-1390). Unprecedented in publishing history, this book is a detailed account of criminal government operations, including state-sanctioned fraud, drug trafficking and illicit weapons sales.