And The Weirdness Begins..

Tucked in the second paragraph of the already politically *Major* article Lords stunned by Tory peer's IRA funding claim is this MegaBlast:

Lord James of Blackheath also claims that he is in touch with a secret organisation which he called Foundation X, with vast sums of money at its disposal, which is prepared to lend billions to the British government, interest free, to help reduce the deficit, but he has been unable to get ministers to believe him. His claims were ridiculed as coming from a man who has lost touch with reality when he voiced them in the House of Lords this week, but a government minister, Lord Sassoon, said that they had been the subject of "detailed discussions".

Don't get me wrong.. Admitting to laundering money for multiple terrorist organizations(the biggest being the IRA) is a pretty big revelation in itself..

Lord James told peers: "I have had one of the biggest experiences in the laundering of terrorist money and funny money that anyone has had in the City. I have handled billions of pounds of terrorist money. My biggest client was the IRA and I am pleased to say that I managed to write off more than £1bn of its money. I have also had extensive connections with North African terrorists, but that was of a far nastier nature, and I do not want to talk about that because it is still a security issue. I hasten to add that it is no good getting the police in, because I shall immediately call the Bank of England as my defence witness, given that it put me in to deal with these problems."

But Foundation X.. That's.. Something.

He told peers that he was approached for or five months ago by a City firm, on behalf of "a strange organisation which wishes to make a great deal of money available to assist the recovery of the economy". Later, Lord James gave a figure of £75bn. He said: "I have come to the absolute 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 as part of an attempt to seek the recovery of the global economy."


He said that he had arranged for a representative of Foundation X to meet the leader of the House of lords, Lord Strathclyde, but that the meeting went so badly that" neither of them ended up by inviting the other out for a coffee or drink at the end of the evening, and they did not exchange telephone numbers".

Of course there are critics..

Lord Strathclyde later told Lord James that the claims made about Foundation X could not be true, because all of their wealth is supposedly backed by gold bullion, which would imply they held more bullion than had been mined in the history of the world. Lord James, who is 72, said the total amount of bullion in the world may have been miscalculated, because "the total value of the Vatican bank reserves would claim to be more than the entire value of gold ever mined".

Lord James' credentials:

As a businessman, David James had a reputation as a "company doctor" who was called in to take over enterprises that were on the brink of failure, including the Millennium Dome. In preparation for the 2001 general election, he was a member of an exclusive club of businessmen each of whom donated at least £10,000 a year to the Conservatives.


Michael Howard, David Cameron's predecessor, sent for him in 2004 to hold a review into how a Tory government might save £35bn a year by cutting Whitehall waste. The James Review of Taxpayer Value was praised by George Osborne as a "valuable exercise in identifying poor value for money". At Mr Howard's request, David Cameron arranged for James to be rewarded with a life peerage, as a working peer, in 2006.

So.. Who or What is Foundation X? The nuns known as Sorcha Faal have an answer of course, and the conspiracy includes John Stewart. Awesome. Come to think of it, that might explain Tim Geithner meeting with Stewart earlier this year, which was odd.. Or, more like "weird."