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OILMAN SUES U.S. TREASURY OVER MYSTERY CERTIFICATES, Spotlight



    This article about "Treasurygate" is taken from the
    April 19, 1993 issue of the Spotlight.

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    OILMAN SUES U.S. TREASURY OVER MYSTERY CERTIFICATES

    Treasurygate, a scandal involving huge amounts of money in
certificates of obligation on the Federal Reserve, Swiss and Japanese
banks, the existence of which is denied by the big banks and government,
was the subject on the April 1 broadcast of The SPOTLIGHT's nightly
call-in talk forum, Radio Free America, with host Tom Valentine.  Thomas
Buckley, an oilman from Amarillo, Texas, has filed a lawsuit against
the Fed and the U.S. treasury--the suit was filed February 16, and
the deadline for the Fed and government response is April 16.

    An edited transcript of Buckley's story follows:
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    Through my connections in the oil and gas business, I met an
Indonesian government official and businessman named Edison Dominic.  I
dealt with him over a period of time in a cordial, get-acquainted type
way.  When he began to trust us, in about October of 1989, he presented
Swiss banks.

    A certificate of obligation is like a bond.  It represents real
cash.  It's very much like a certificate of deposit.  These are negotiable
and belong to the bearer.

    The certificates were written in U.S. dollars and guaranteed by
the Swiss government. The principal amount was around $800 billion. The
principal and interest amounted to $1.8 trillion.

    He asked us to put them in a trust account at Citibank and get
them verified and then follow the instructions about getting them
cashed.  Now we're oil and gas people, and we're used to some big
money, but we didn't know what we had our hands on. We had a lot of
trouble trying to get them verified and cashed.

    In late spring of 1991, Mr. Dominic flew from Indonesia into
Austin, Texas and brought additional instruments.  These were U.S.
Federal Reserve bank certificates and a very large group of Japanese
certificates.

    As much trouble as we had with the Swiss certificates, we
thought it would be relatively simple with U.S. Federal Resrve instruments.
Our plan was to find out whether or not these documents were any good.

    These U.S. instruments were even larger than the Swiss ones,
and they were in the names of people such as Saddam Hussein, the leader
of Iraq; and [Col.] Muammar el-Qadaffi, the leader of Libya; Ferdinand
Marcos, leader of the Philippines; and Manuel Noriega, the leader of
Panama.

    We sought out a gentleman in Scottsdale, Arizona named Robert
Johnson, a friend and confidant of Ronald Reagan and George Bush.  We
knew what we had was volatile and we wanted to take precautions.  That's
why we approached Mr. Johnson.  We showed him the documents and he
arranged for us to go into the Federal Reserve Bank in Dallas, Texas.

    Two of my associates and I had an appointment at 10 am on July 8,
1991.  They were expecting us, and we went downstairs to a private
meeting room. We spent only about 25 minutes there. The two ladies we
met were very nice.

    We showed them the certificate in Saddam Hussein's name in the
amount of $33 billion and told them we were there to try to verify it.
They made a photocopy of the certificate and said they were going to
fax it to the head office of the Federal Reserve.  They asked us where
we were staying, saying it would take a few hours for them to get back
to us.

    Then when we were back at the hotel, one of the attorneys for
the bank in Dallas called us and said the certificate was good.  However,
he said, since the United States was in conflict with Saddam Hussein
at the time, all of his assets here were frozen.

    About mid-afternoon eight Secret Service agents, guns drawn,
burst in, demanding to know wehre our guns were. We said we didn't have
any and we were there on business.  There was a fourth man in our group,
and this surprised the agents, since he hadn't come down to the Federal
Reserve bank with us.

    Their objective when they came into the room was to make sure
we were all dead and then take the certificates we had.  End of story.
But the fourth man was in the room.

    They took us down to the federal building and [we] gave
statements over a period of six hours, after which time we learned we
were under arrest.  We were put in jail at a maximum security prison
for a week and denied bond.  I begged for the right to call an attorney
for hours and hours, but they denied me that right, even when we went
to court the next morning.

    We were never charged with a crime.  We were put in jail on the
basis of a complaint that we intentionally tried to defraud the United
States government out of $33 billion-plus.  That's what the Secret
Service testified to on the stand at the hearing.  We were not allowed
to speak at the hearing.

    After a week, finally they released us on our own recognizance
even though we were alleged to have tried to perpetrate the greatest
fraud in the history of the U.S. government.

    Not a single journalist (except for Radio Free America) would
touch the story when I tried to bring it to their attention.

    Our associate, Mr. Dominic, was also arrested in Austin on the
same day we were.  They went to his hotel room to take him since I had
been truthful and just told the whole story of my association with Mr.
Dominic.  He stayed in jail for about 70 days.  Nobody from the
Indonesian government would touch him now.

    He finally got out on bail, and a trial date was set, but we
knew all along it would never go to trial, for the same reason they
dropped the charges against me: They didn't want it to all come out.

    As I've uncovered it, Mr. Dominic had a job to do.  His job
was to come over here and force these certificates to be acknowledged
by the United States.  The Indonesian government's finance minister
had attracted the foreign certificates.

    You see, for about 30 years, Indonesia had been the head of the
so-called non-aligned countries.  The CIA knew all of that, and they
wanted to bring Indonesia and its allies into the CIA's fold.

    To co-opt Indonesia, the CIA helped Indonesia attract the
U.S. Federal Reserve certificates and the Japanese certificates, and
the Marcos, Noriega, Qadaffi certificates etc.  The CIA helped the
Indonesians get them.  However, the Indonesians told the CIA to get
lost after they got these certificates of obligation.

    While Dominic was in jail, I was able to get a lot of
documentation from him.  He put in writing what he wanted Congress to
do with the funds.  He wanted to retire the national debt of the
United States. He wanted to fund the supercollider.  He wanted to
provide and adequate amount of money to reform public education in
America and to provide better health care in this country.  He
wanted to make loans and grants to small-businesses and farmers.

    We took it to Washington.

    Rep. Charles Rose (D-N.C.) actually invited Mr. Dominic, in
writing, to come to Washington to testify before the Agriculture
Committee.

    However, Sharon Pierce, the U.S. prosecutor in Dallas, called
the congressman's office and said she would not allow Dominic to go to
Washington unless she was present during the meeting.  That disturbed
Rose and his people, and the congressman went to the counsel for the
speaker of the House.

    The speaker's attorney, Steven Ross, said, "Well, we can
handle this.  We will just declare this a technical congressional
investigation.  That way the prosecutor cannot subpoena anybody in
Washington."

    However, while Dominic finally got on the plane to come to
Washington, the federal judge's clerk called Rose's office and said,
"You don't want to meet Mr. Dominic. He's highly contagious with
tuberculosis.

    This scared Rose and his office to death.

    Congressman Rose and his office received from me one of the
original Swiss certificates and the endorsement of that certificate
over to Congress for the benefit of the United States.  This would be
done gradually to avoid runaway inflation.

    I have filed a lawsuit in the U.S. District Court in Amarillo,
Texas against the Federal Reserve and Treasury Secretary Lloyd Bentsen.
Attached to the suit is one copy of one certificate: a $278 billion
certificate made out to the shah of Iran.

    The suit is asking for 3 percent of that amount. My arrangement
with Mr. Dominic was that I would get a 3 percent commission on the
certificates when cashed. The suit alleges that the U.S. government,
in conjunction with the Federal Reserve, has already resolved 97 percent
of it. By the suit, we are mandating that the Federal Reserve open its
books to prove we are wrong.

    I intend to file a separate suit against only the Federal Reserve,
using a majority of the balance of the certificates. This suit is designed
to accomplish all of the things Mr. Dominic wanted: retirement of the
national debt, funding the supercollider etc.

    About an hour before I appeared on Radio Free America the last
time [Oct.7, 1992], I received a call from one of my associates. He
has a lot of high-level contacts, and one of them was one of our current,
sitting U.S. Supreme Court justices.

    This justice got in touch with the CIA and asked if all of this
was real. The CIA asked the justice to ask me to back off until Oct. 28.
The Federal Reserve has been moving gold into the Federal Reserve bank
in Dallas in order to be able to back up these certificates. That
Supreme Court justice will be called to testify in our case.

    We have a telephone number people can call for taped information:
1-806-788-1177.

            -------o-----O-----o-------

                Taken from The SPOTLIGHT April 19, 1993
                Subscription Information 1-800-522-6292
                or if in Maryland,  301-951-6292
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