Now The Files Are Closed.

Now that the files are closed...

A long time ago, the Russian (Federal) Security Bureau inserted some operatives into the London private membership club scene – this is where rich kids and wealthy and time-abundant wastrels go and think they are hanging out with genuine high society. Unlike the popular images of such places, in reality they are all either run-down inside and rather shoddy-looking, or just plain monuments to poor taste.

The importance to you is this – you only imagine you know anything at all about the infamous collapse of Shearson Lehman... You only imagine you know what really went on with Bernie Madoff...

But now that the files are closed, I will tell you what you need to watch out for when a confluence of events and types of people come together.

When I say, the files are closed, I mean the Russian files. Western files are pathetically sad contrivances invented by Oxford graduate-types to create facades meant to convince the theoretically dumb public about who is doing what to whom.

What Ghengis Khan might look like,
if he were around today. Or not.

Here is a picture, a very generously flattering one, of Robert Tchenguiz, the ex-Lehman top-line securities dealer, who went on after he left Lehman's to becoming one of the seriously well-off owners of property in London's Mayfair. He's not a Russian operative however. No indeed. But he was one of the people being watched very closesly.

And the meaning of that is that almost nothing that has happened in the so-called world of high finance over the last ten or even twenty years has escaped the strategic analysis department inside the control centre of 'Ancient Ruhm...'

The world is supposed to believe without question, that Madoff burnt $65 billion from only the world's most esteemed banks and finance experts. And by the way, in this same vein, Tchenguiz (who changed his family name from Khadouri although even then, he's actually Jewish) has $1.8 billion of personal wealth. These are all amazing people. True geniuses. Even Madoff really, since he was able to sell rubbish at will to only the world's most celebrated financial houses.

Which brings me to today's world. It isn't so easy to see where the rich young kids who have made their billions from gadgets and software go to drink alcohol and flirt with females (government agents unbeknownst to them). It isn't going to be so simple to thieve from these. Oh, am I saying that various government agencies steal from rich people? My my. Fancy saying such a thing.

All the same, not so easy to send agents to Mongolia to see the latest high fashion shows being attended by the new rich kids – especially not when the actual 'lords of Mongolian cashmere' are already British and will be able to detect a few inconsistencies in the sudden 'casual' appearances of English roughnecks and toughs dressed in cheap Hugo Boss pretending to be fellow members of the idle rich. What am I saying here?! My god. Nothing bad ever happens to English businessmen in China! Does it?

Mongolian fashion designer Ochirjantson's work

As I say... Now that the file is closed.

Put it this way though, if you are a rich new kid, and you see a rough guy dressed in a cheap Hugo Boss suit moving in your circles, don't get taken in by the story that he hails from Mayfair. People who sell wind-up radios into conflict zones because governments there ban the sale of batteries also often hail from Mayfair. Plenty of money to be made in war zones. And not always through the sale of actual exploding things and ballistic items. I knew this German industrial sales rep once who positioned himself in Asia and kept his eye out for sudden large production runs of wind-up radios. And he always said he could tell who knew a war was going to start well before it happened, and therefore regularly also, as far as he was concerned, who was really behind it. And I can also tell you the only two countries that he ever specified in particular, and the USA, by the way, was not one of them. When the frozen orange juice futures went up, he reckoned, it was already far past the point where the radios had been made. FOJ meant the US was going somewhere. I don't think there is a wind-up radios futures market. As far as I know.

David Brown's Speedback GT.
Out now. Retro-modern.