Commercial Paper, MOB Lawfare & UCT Bank
In the UK, commercial paper is often used as a lower-cost alternative to a line of credit with a bank, especially for established businesses with high credit ratings. Once a business builds a strong credit profile, it can issue commercial paper to fund short-term cash needs at a lower cost compared to traditional bank lines of credit. However, many companies still maintain bank lines of credit as a backup, in case banks may charge fees for unused portions of the line of credit under regulatory requirements set by the Basel Accords.
Commercial paper is a debt instrument with maturities typically up to 270 days, though issuers often issue commercial paper with a maturity of 30 or 90 days. It is usually unsecured, meaning there is no collateral backing the debt, and if the issuing company goes bankrupt, holders of the commercial paper may not have recourse to recover their funds.
The UK government and the Bank of England have also established facilities to support the commercial paper market during financial crises. For example, the Commercial Paper Facility (CPF) was set up in early 2009 to maintain UK-based corporations’ access to short-term financing during the credit crunch. The Bank of England purportedly purchased commercial paper from both primary issuers and secondary holders to restore liquidity to corporate credit markets.
Leveraging Credit
When using commercial paper in investment portfolios, UK investors often place limits on the percentage of the portfolio comprised of commercial paper and restrict investments to shorter maturities to minimize credit quality changes. Additionally, commercial paper is usually backed by bank lines of credit to mitigate the risk of issuers being unable to refinance maturing commercial paper.
In summary, UK companies can leverage lines of credit by issuing commercial paper to fund short-term cash needs, although they often maintain traditional bank lines of credit as a backup. The UK government and central bank have also provided support for the commercial paper market during financial crises to ensure liquidity for corporate financing.
Now, bearing all of that information in mind, what is described as being the common practice of the banking industry is to accept deposit of various negotiable instruments to create credit, some of which are backed by nothing and some of which are backed by a bank’s line of credit to mitigate the risk of creating the credit with nothing backing the commercial paper concerned.
Executive Level Banking
Therefore, as the more observant readers of this blog will already know, what I have been proposing from the outset of the UCT Bank project is that we do exactly what investors in commercial paper portfolios do to create credit with various instruments without incurring a debt [even if using a ‘debt instrument’].
This shows that, even though virtually nobody truly understands how it works, it is nevertheless used by investors and companies of the highest net worth.
In other words, this is not analogous to using smoke and mirrors to obfuscate what needs to remain concealed, as a few misled gold-diggers have prematurely claimed – it is simply the way things are done, particularly in private and international banking.
Set For Launch
At the end of last year, we were in a gloriously advantageous position and only needed to acquire a banking license in order for UCT Bank to be launched, since a vendor had agreed to accept a negotiable instrument in payment up front, on the basis that UCT Bank would use the instrument as its first deposit and pay down the credit created to the vendor of the license, who agreed that we could start using the license as soon as we completed the legal processes required.
As I wrote about in my last newsletter [subscribe to receive them, if you haven’t already], the vendor pulled out of the deal because he was too scared of never being able to work in banking again if he helped us launch our revolutionary asset-backed, credit-based system via UCT Bank. But he nevertheless affirmed that the banking technology we have created is 100% watertight and capable of doing exactly what we have predicted it would from the start – create debt-free, asset-backed credit.
With an offer of an account on the table from a high level private bank, having agreed that it would be used to make such deposits for the purposes of creating lines of credit, by the third week in December 2024 we had every chance of being able to get UCT Bank up and running relatively early in the new year. The same bank has also offered to grant UCT the funds required to launch our bank, so it appeared like there was very little that could go wrong.
Acts of Lawfare
Lawfare is the use of legal systems and institutions to damage or delegitimize an opponent, or to deter an individual’s usage of their legal rights.
False Allegation of Drink-Driving
On Christmas Day 2024, I was arrested on suspicion of drink-driving on a quiet country road in England.
After scoring 0% on the breath test, the police released me, then re-arrested me under one of two outstanding warrants.
Neither of which I knew anything about.
False Allegation of Harassment
The second arrest was for allegedly posing as somebody else online to harass somebody who has made false allegations of coercion against me in the past.
After being interviewed by detectives I was released without charge and the investigation was dropped shortly afterwards in the complete absence of evidence.
But when they released me without charge after the interview, I had to be re-arrested for a third time in 22 hours because of the other outstanding warrant.
Snatching Victory From The Jaws of Defeat
The third arrest was pertaining to my failure to appear at a contempt hearing which I genuinely didn’t know was taking place, in an attempt to send me to prison for up to two years because of four of my blog posts. I was found guilty of civil contempt in my absence and bound to appear at a sentencing hearing.
When that sentencing hearing took place, two months after a senior district judge bailed me to appear at it, following my submission of four affidavits into the proceedings, the judge fairly ruled in an order of the court’s own motion that the alleged contempt had been purged and that she was not going to impose any further punishment, or issue any order for the costs of my adversary’s 16 month attempt to have me committed to prison.
This was obviously a huge win, given that I had been on the verge of getting the same treatment as Tommy Robinson and being sent down for at least 18 months, without knowing anything about it until I was falsely accused of being pissed while driving when nothing could have been further from the truth.
Inevitable Delays
This sequence of events finally brings an end to a 16 month long attempt to have me incarcerated for my blog posts, which is the primary reason I have been largely unable to inform my friends and followers of what has been happening during the most troubled times of my life.
But these proceedings and the dropping of the investigations into the false harassment allegations did not fully unfold until the past couple of weeks and it previously would have been a risk to my defence if I’d spoken publicly about any of it.
Moreover, I have now been completely exonerated by the police and two courts of three false allegations and my record and name remain without blemish, unlike those of my utterly pathetic, hopeless and pathologically dishonest adversaries.
Furthermore, there is now no possible way for the criminal acts of lawfare which were perpetrated against me to prevent the progress of UCT Bank.
Attempted Fraud Exposed
But at the very moment the news of the clearing of my name leaked out, after going quiet for months following his first doomed to fail attempt last year, it has been reported that a well known fraudster who often masquerades as ex-CID detective is attempting to steal £3B worth of commercial paper from UCT Treasury’s portfolio, with the confessed intention to sell the ill-gotten gains to a bank in Lichtenstein for 35% of the face value.
Of course, this criminal plot is doomed because the fraudster is incapable of providing his bank with proof of the source of the funds because that would involve naming yours truly as the creator of the commercial paper, which means the plot is guaranteed to fail. But that doesn’t detract from the criminal nature of the joint enterprise conspiracy to defraud UCT Treasury.
However, during the course of exposing this wrongdoing it was also discovered that the fraudster concerned has conspired with current and former UCT trustees in his attempt to steal from the treasury’s portfolio, with the assistance of several recently jettisoned agents of the state and agent provocateurs, for all whom there will be serious consequences.
Thank You
Nevertheless, thanks to God’s help and the unwaveringly loyal and committed support I have received during the most troubled times of my life over the past couple of years, I have been able to sustain myself and my work, no matter what evils my adversaries have cast in my direction, enabling me to bounce back from almost certain life-shattering defeat into a truly extraordinary turnaround.
In other words, just as Sun Tzu sagely proffered, despite what our enemies throw at us, in the event we are able to win any kind of battle without fighting, there is no sweeter victory and there are most certainly happier days ahead.
From the bottom of my heart, thank you for all your support, in whichever form it has been given. It will never be forgotten but it will always be greatly appreciated.
