Guest host
Richard Syrett welcomed biographer
Marilyn Barnewall,
who detailed how Reagan-era intelligence agent Leo Emil Wanta attempted
to cause the financial collapse of the Soviet Union. Wanta, himself,
joined the conversation during the latter half of the program to discuss
his battles with the US government over the fortune he amassed.
Barnewell noted that Wanta's involvement with the intelligence community
began when he was in his teenage years and, while working for the John
Birch Society, he would surreptitiously deliver the organization's trash
to FBI agents interested in tracking their activity. His role in the
intelligence community culminated when Ronald Reagan became president
and Wanta was enlisted to be a part of a secret task force aimed at
disrupting the Soviet economy.
According to Barnewell, the task force determined that, using $150
billion dollars, they could successfully pull off this mission and Wanta
was put in charge of the plot. From there, she said, Wanta journeyed to
Vienna and created a company which traded various currencies, in
exchange for rubles, with allies of the Soviet Union as well as forces
within that nation. Barnewell explained that the ruble had become
overvalued by the Soviet Union and, thus, people were eager to trade it
for a more stable currency. This allowed Wanta to accumulate a vast
amount of rubles for a fraction of what the Soviet Union had valued
them. In turn, Wanta would sell the rubles, at a profit, to nations that
were indebted to the Soviet Union, allowing them to repay their debt at
a far cheaper rate, which decimated the Soviet economy.
Ultimately, Barnewell claimed that Wanta's wealth, as a result of his
financial machinations, totaled a stunning $27.5 trillion dollars. After
paying the United States back its $150 billion that originally funded
the enterprise, he retained possession of the massive fortune. Wanta,
who joined the conversation in the latter half of the program, contended
that his agreement with Reagan, regarding this profit from the
enterprise, was that the money should be used to benefit the American
people. However, he declared that Congress could not be trusted with the
funds and that the Federal Reserve is an illegal enterprise and, thus,
had no right to the money. As such, Wanta said that, until assurances
can be made that the money will be truly spent on the American people,
he will never turn over the funds to the United States government,
despite attempts made over the years to coerce him into doing so.
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On
the heels of continued momentum in most global stock markets, today top
Citi analyst Tom Fitzpatrick sent King World News two incredibly
important charts and answers the question, will we see 20,000 on the Dow
in the next 12 months? Below are the 2 key charts and commentary that
all KWN readers around the world need to see.