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The Difference Between Wealth and Profit











By Marilyn M. Barnewall
January 10, 2010

Albert Einstein came to mind yesterday. Ambassador Lee – or, Leo, if you prefer – Emil Wanta wrote an “Open Letter to the American Populace” in response to inaccuracies included in an article by an international financial journalist.

Ambassador Wanta’s used to the lies. They have been told about him for years by the intelligence community, to the intelligence community, and in numerous courtrooms. Lies have been used against Wanta to put him in prison. And, they have been told to sell newsletters. More lies have been told about this American patriot than I can count. How do I know they are lies? I have access to over 500 files on Leo/Lee Emil Wanta. Some of them are court proceedings and records.

Einstein said, “Whoever is careless with the truth in small matters cannot be trusted with important matters.” I always remember that when reading editorial opinion. It’s one thing to make a mistake. Any writer can do that. It’s another to lie… big, or small. A lie is a lie. Manipulation of facts to fit a story line so as to sell newspapers or newsletters is the worst kind of lie, especially if it publicly defames someone.

Who is Leo/Lee Wanta? Why does he have two first names? If you do an Internet search using either of his names, you may get in excess of two million hits (depending on your search engine). Many readers are familiar with Wanta. He’s the $27.5 trillion man referred to by international journalists Tom Heneghan, Tom Flocco, Greg Szymanski, Christopher Story – and me. In a NewsWithViews column, “How High Will the Financial Fraud Reach?” I provided a link to an article about Lee Wanta by Don Nicoloff from the January 2007 Idaho Observer. An article by a Harvard Ph.D. and former Wharton Professor of Economics, Dr. J. Orlin Grabbe, titled “The Big Wedding,” can also be found at that same site.

Some people call him Leo, others Lee. The intelligence community generally calls him Leo. So, too, did Claire Sterling in her book, Thieves’ World in which she documented Leo Wanta’s role in bringing down the Russian ruble – and, with it many say, the Iron Curtain. He refers to himself as “Ronald Reagan’s ‘ Favorite Junkyard Dog’.” In short, he is a financial genius with a great deal of integrity and the depth of his love of country is almost unfathomable.

The name on his Wisconsin birth certificate is Lee Emil Wanta but his Baptism certificate says Leo. During the time I’ve been in contact with Ambassador Wanta, it has surprised me how few online journalists mention him. He gets a lot of coverage in financial and intelligence newsletters, but not much by mainstream Internet writers. There are a lot of “is he for real?” questions. Many people, including journalists, think not.

Because I know him, I’ve avoided writing about him. We’ve been in contact since he read my book, When the Swan’s Neck Breaks (Xulon Press, 2008). It’s a book about the Federal Reserve System, international financial intrigue, and spies. I unwittingly fictionalized a character whose life to some degree paralleled that of Ambassador Wanta. After he read it, he wrote a book review (which is posted at At my request, he sent me numerous files about himself, good and bad. He left it to me to research what was true and what was not, which with another unbiased researcher, I did. I asked him innumerable questions. He answered them. I researched his answers. He has never lied to me.

I got an email from Lee Wanta yesterday. For the first time since I’ve known him, he responded to an article written about him by Christopher Story, who writes and publishes a newsletter titled: International Currency Review -- World Reports (ICR). If you can tolerate 200 word sentences and constant contradictions of fact from one paragraph to the next, it is an interesting publication. As long as you stick with facts, the publication is good. When you start hearing words like “it would seem” or “this must be” or “it could mean” – when words are used that indicate opinion rather than facts are being referenced – be careful.

I read the old issues of ICR and from 2004 until 2007, Story could not say enough positive things about Leo Wanta. Story cut his ties with him in 2007. Why? On April 15, 2003, U.S. District Court of Virginia Judge Gerald Bruce Lee charged Wanta with repatriating the $23 trillion and instructed him to pay taxes on it. In 2006, $4.5 trillion was internationally wired directly to Wanta, care of Bank of America in Richmond, VA. Those funds disappeared into the hidden recesses of America’s monetary system. Wanta has been trying to pay taxes on the total amount -- $23 trillion and $4.5 trillion – ever since. It is from these two actions that the nickname “$27.5 trillion man” originates.

Story reversed his engines in 2007. It almost sounds like he did so because Wanta wasn’t doing what Story thought best with all that money. I mean, after all, Story has been a financial reporter for many years and knows how things should be done. All Wanta has ever accomplished is to bring down the Iron Curtain via manipulation of Russia’s currency.


"Great spirits have often encountered violent opposition from weak minds." Albert Einstein.

The first thing I asked myself is: How reliable is the judgment of a man who, for years, built the popularity of his newsletter by telling one glowing story about another man’s heroism, and for the next two or three years does the same thing by tearing the hero down? As late as 2008, Story’s writings in International Currency Review – World Reports validated that Leo Wanta was the legal Trustor of $27.5 trillion, which he refused to give control of to the American government (or to anyone else, for that matter).

Ronald Reagan planned for the original accumulation of funds and told Wanta the money was to be used for the benefit of the American people, not to satiate government greed. I know that’s true because Christopher Story – and a lot of other editorialists – wrote it. But the government wasn’t paying attention to story lines. Evidently, there weren’t enough exciting things happening after three years to hold ICR readers’ attention just by telling them what was going to happen when Ambassador Wanta got paid. Perhaps, to stir up further interest, Story felt the need to reverse engines – to destroy the character of a man whom he championed for years. Perhaps he had other reasons.

Albert Einstein also said “Human beings must have action; and they will make it if they cannot find it.”

On Thursday, January 7, 2010, International Currency Review – World Reports published a story with the headline “OPERATION STILLPOINT TO DESTROY AMERICA STOPPED.”

It is interesting to note that several documents in my research data refer to Leo E. Wanta as “Stillpoint.” It was President Ronald Reagan’s code name for him when Wanta reported directly to him.

Regarding that headline, Wanta said: “To my best knowledge and belief, there is no ‘Operation Stillpoint’ to “take down the United States.”

About four pages later in the article, Story says a five-phase, long-range subversion operation is being implemented against the U.S. by subversives named George Bush, Sr., Dr. Henry Kissinger (Story gives him ‘Heinz’ as a middle name – I have no idea if it’s just an insult) and Dr. Alan Greenspan. Story calls the former Fed Head “Bush Sr.’s criminal financier.” His last comment is “…with embedded participation of Leo/Lee Wanta, the following intended stages:” Story then lists the five stages contained within the subversion operation.

Wanta’s reply relates only to the inaccuracy of the statement pertaining to himself. “There was never any embedded participation by Leo/Lee Wanta.” Having looked at the 500 files I have gathered on Wanta, I believe him.

On page 24, Story beats his chest a bit about “How the Editor ‘Rode the Beast’.” He says he attended a meeting in Washington, D.C. in June 2002, which was convened by a group concerned with “managing the plight of 9/11 bereaved.” He tells how an agent gave around 30 “portfolios containing copies of Federal Reserve print-outs and other banking documents detailing corrupt financial payments of immense proportions.” This information suggested illicit transfers of funds had been made to George H.W. Bush while he was President. As Story points out, this would be illegal. Authorization, Story says, was given by Dr Alan Greenspan, Chairman of the Federal Reserve Board. He then calls Dr. Greenspan “Bush Sr.’s master criminal finance technician.”

According to Ambassador Wanta, the Editor attended a meeting in Washington DC in June 2002. Wanta says all of the corrupt financial payments of immense proportions, including illicit transfers, were immediately placed in the hands of CIA operatives who had packed the meeting at the last moment for the precise purpose of blocking distribution of the documents. There was one exception. A portfolio was handed over to a representative from Vanity Fair… another portfolio containing the ‘smoking gun’ documents was “…later obtained by the Editor of this service.” Isn’t that amazing? Only two portfolios got away and one ended up in the hands of the Editor who “Rode the Beast.” It appears Wanta was targeted by Story. Wanta says that on a certain date in May 2004, Christopher Story arrived at his doorstep – a very remote location.

Story entered Wanta’s residence “…to covertly spy and question me under duress to meet his mission objectives, and put my children and grandchildren at great risk…”. Wanta continues: “The Editor finally ADMITS in the spring of 2006, that Wanta repatriated $4.5 trillion to the United States of America…”

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This is probably one of the most interesting pieces of intelligence that has occurred in American financial history. It is sad so little has been written about it by the Mainstream Media. It is especially sad that so much erroneous information has been written about a man named Lee Emil Wanta.

� 2010 Marilyn M. Barnewall - All Rights Reserved

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Marilyn Barnewall received her graduate degree in Banking from the University of Colorado Graduate School of Business in 1978. She has authored seven non-fiction books about banking, two are listed at Oxford and Cambridge University libraries in Great Britain. Her current book, When the Swan’s Neck Breaks, details the banking problems she foresaw in 2006. Of the 24 predictions made in the book, 22 have happened. It is fiction but readers refer to it as docu-fiction.

Barnewall was named one of America's top 100 businesswomen in the book, What It Takes (Dolphin/Doubleday; Gardenswartz and Roe) and was one of the founders of the Committee of 200, the official organization of America's top 200 businesswomen. She can be found in Who's:Who in America (2005-08), Who's Who of American Women (2006-08), Who's Who in Finance and Business (2006-08), and Who's Who in the World (2008).

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This is probably one of the most interesting pieces of intelligence that has occurred in American financial history. It is sad so little has been written about it by the Mainstream Media. It is especially sad that so much erroneous information has been written about a man named Lee Emil Wanta.