They aren't just 'Blood Diamonds'

This past July 17, 2008 ABC News published an article about the Swiss bank UBS playing an active role in assisting wealthy Americans smuggle more than US$18 Billion out of the country without paying taxes. What was most interesting is the method of moving the wealth outside the country…

abcnews.go.com...

In a plea agreement, Birkenfeld detailed how he said he had been trained by UBS to help wealthy Americans evade taxes.

In one case, Birkenfeld told prosecutors he purchased diamonds using a US client's Swiss bank account and smuggled the diamonds into the United States in a toothpaste tube.

Diamonds have a universally recognized value which allows them to be sold and converted into any traditionally recognized currency. For example, you can buy a diamond in US$ and sell it for Euros.

In contrast to traditional currencies regulated by banks, governments, or consortiums, the value of diamonds are regulated by one family owned cartel, De Beers Anglo American. Unlike US$ or Euros, diamonds are not subject to inflation nor are they affected by any market conditions, nor have they ever been backed by gold or any other non-reproducible mineral.

With their utilization of banks such as Swiss UBS and insurance underwriters such as Lloyds of London, De Beers along with their diamond monopoly has effectually created a two-tiered monetary system with the first tier comprised entirely of a diamonds valued at an exchange rate which De Beers determines and laundered into different currencies through their network of internationally recognized banks. This monopoly and elite banking network affords them a light weight, unregulated, and untraceable currency that leaves no money trail.

One of the reasons that I am so passionate about my work fighting the corruption that has resulting from an untraceable light weight currency is my personal relationship to a South African that was once employed for DeBeers in a very senior and trusted position and has extraordinary insight into their business practices.

Our goal is to spread awareness and expose the people that have benefited from this insidious organization and their diamond sponsored civil wars, genocide, and systemic corruption.

Here is a short video that we made that explored the history and the players involved with the Diamond Invention.

video.google.com...

Adam L Tucker
just3ants.com





[edit on 26-10-2008 by AdamLTucker]

[edit on 26-10-2008 by AdamLTucker]

[edit on 26-10-2008 by AdamLTucker]