gigi --

You ask who could have an interest in keeping your country unstable by the use of these fake bonds. If you are referring to Italy -- the country responsible is the United States.

From the moment the war ended, the United States has conducted an economic destablization program designed to keep Italy from becoming a power in Europe. The United States has run a similar economic destablization program against Mexico since the end of the Civil War. The reason is to keep Mexico from becoming a threat at our Southern Border. In regards to Italy, it was to keep the country so destablized that the Communists could never hold on to power... at least that was the reason given to the operatives who carried out the operation.

My exhusband's father, Karl Gunther Russbacher, was a German soldier in the Abwehr during WWII. After the attempt to assassinate Hitler failed, all the conspirators had to flee in order to survive. The elder Russbacher fled to Britain where he was recruited by the OSS. He was eventually brought into the United States by the Intelligence Unit within the State Department.

Immediately after the war, Russbacher was given the name Joseph Pedena and moved to Naples, Italy. Together with other OSS officials, including a young Claiborne Pell -- who became a Senator from Rhode Island in 1960 and went on he Chair the Senate Foreign Relations Committee, Russbacher/Pedena set in motion the economic destabilization program that is probably still in use today.

In the mid 70's, his son, Gunther Russbacher, aka Robert Andrew Walker, was arrested on an Air Force Base. He was dressed in an Air Force Major's uniform and was supervising the loading of an Air Force cargo plane. The plane was being loaded with bags full of counterfeit bearer bonds. These bonds were part of a destabilization program that was targeted on Yugoslavia.

Gunther was arrested. One duffle bag of counterfeit bonds was taken to use as evidence, the rest of the counterfeit bonds and men were allowed to leave. Gunther was arrested because he had just come back from being a POW in Laos, where he had been savagely tortured for 18 months. He was ready to move back to Austria and leave the CIA. He was put in prison and not let out until he agreed to stay in the CIA.

Gunther told me that there was a major counterfeit bond operation that was set in motion in the late 60's and early 70's. The operation went "online" when Nixon became President. William Casey, an OSS officer who became Director of the CIA under Reagan was part of the initial planning of the Counterfeit Bond Operation.

One of the pieces of the operation was set in motion during the Nixon years when Casey was the head of the SEC (Security Exchange Commission) At that time, Casey and others, created billions of dollars in counterfeit bearer bonds. They were going to use the bonds to bankrupt the Federal Reserve Banking System. The plan for destroying the Federal Reserve would take at least thirty more years.

The first part of the plan was to create the counterfeit bonds, have them sealed and stamped by the Federal Reserve so that they appear to be genuine, and then have them used as the 10% reserve in thousands of small savings and loans and banks. These S&L’s and banks were started by the CIA during the 70's. Casey knew that the second part of his plan had to occur during the 80's, and for it to occur, the banking laws had to be changed.

While Reagan was president, the banking laws were changed and the whole plan could be put in motion.

Simply put -- the plan called for the bankrupting of the small S&L's that the CIA had started with the counterfeit bonds. These bonds were then acquired by larger banks who used them as part of their 10% reserve. These banks were in turn "swallowed" by larger banks who added the counterfeit bonds to their 10% reserve.

After a number of years, the 10% reserve in all banks was counterfeit. The first of these counterfeit bonds would have been redeemed in 1996.

Since no one has heard anything about these counterfeit bonds -- what happened to them?

Rayelan

gigi -- maybe you know the answer to this -- the name Pedena was taken from a northern province of Italy. It is the part of Italy that Austria still believes belongs to them. I believe the name of the province sounds very much like Pedena. Do you know what province that is? Gunther's maternal grandmother's family owned much of it.