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His Excellency Prof Dr. Ray C Dam


The Full Story

(OITC) History


            The Office of International Treasury Control (OITC) has long been one of the world's most maligned and misunderstood organizations. They are the financial systems 5th level gatekeeper and administrative organization appointed in conformance with the terms of the Treaty of Paris and Treaty of Yalta by the Federal Alpha Omega Marshall Authority (Created by Consent of all 48 UN Nations) as controllers of the International Institutional Parent Combined Collateral Accounts Commission.


            Registered in the United Nations under Registration Number 0104556139235, they operate as the 5th Level Clearance part of the financial management control system under their Charter, which is known as charter Control Number 10-60847. The financial system is two-tiered, one tier is off ledger funds that represent collateral, and the other tier is on ledger funds that represent available money, often referred to as the back screen and front screen. When money moves from the back screen to the front screen, the movement must be authorized by OITC.

History that Created OITC

            Several new institutions were created at the Bretton Woods Conference (New Hampshire 1944) on monetary policy. Among them were the International Bank for Reconstruction and Development (World Bank) and the International Monetary Fund (IMF), and the Tripartite Gold Commission (TGC)

            Before that, in 1910, following the financial collapse of the 1890s, a meeting of the most senior bankers in the United States was held at Jekyll Island [1], the United States of America, where it was determined that a more flexible monetary system was needed to prevent collapses as had occurred in the 1890s. This led to the Aldrich Act in 1911[2]and the creation of the Federal Reserve System in 1914.[3]It still took almost 60 years to implement Fiat Currencies, finally completed in 1972.

            In 1921 Prince Hirohito of Japan attended a conference of World Leaders in London.[4]What occurred in this conference is not known as it was forever sealed. Still, it clearly was the beginning that created the Tripartite Pact between Germany, Italy, and Japan[5], who became the Axis Powers.[6]Hirohito also visited the Balkan Countries (Yugoslavia) and France.

            This alliance is important to note as in 1930, each of these countries, Japan, Germany, Italy, Yugoslavia, and Belgium, were the founding nations of the Bank for International Settlements (BIS) [7], which was then also joined by Britain and the group of United States commercial banks that owned the Federal Reserve. The first General Manager was Thomas McKittrick from the United States.

            In 1934 came the Gold Reserve Act [8], where all Gold Bullion and Gold Coin were to be surrendered to the various Central Banks around the world. Most people followed the law and surrendered their gold for paper money. However, two ethnic groups had many among them who refused to surrender their gold. These were the Jews in Europe and the Chinese in Asia. This stubborn attitude led to terrible consequences in the Holocaust[9] executed by the Nazis in Europe and the Chook Sing[10]and Nanking[11] massacre being just a very small part executed by the Japanese in Asia.

            Somewhere in this secret mix of treaties and agreements between 1908 and 1933, a decision by World Nations had been made to eventually eliminate the Gold Standard [12], under which a specified percentage value must back money in gold. They managed this in 1972 under President Nixon. They believed they needed to have a monetary system of Fiat currencies [13], backed by debt obligations that were secretly underwritten by hidden wealth but appeared to be supported by the value of the labor and production of the people.

            In order to achieve that, it meant that there could be no gold or other precious metal on the market that could be used to back currency, simply because a Fiat Dollar could not compete with a Gold-backed Dollar. Therefore, all bullion and coin Gold had to disappear. Thus, it did during World War II. To be fair, the concept of Fiat Currencies that can be expanded and contracted at will was an experiment that had never been tried before. It was seen as a possible solution that prevented the mutual destruction of humanity as the concept of nuclear fission was known, though the means of technical achievement was not at that time.

            During World War II, the Japanese rounded up all the gold that had not been surrendered in 1933/34 in Asia[14], while Germans did the same in Europe[15], also eliminating the families who owned it in order that there could be no claims for repatriations, as such claims would undermine the entire system. This gold was then secreted in several Asian countries where throughout World War II, the highest-ranking Military Officer in South East Asia, Lt. Gen. Shigenori Kuroda [16], hid the gold. In doing so, he recorded every ounce of gold and the exact location of every site the gold was buried, then passed the records to a cousin of Emperor Hirohito, Prince Chichibu [17], who gave the records to Hirohito, and he registered everything in the BIS. The stories of Lt. Gen. Tomoyuki Yamashita buried the famous Yamashita Treasures are untrue. Yamashita never arrived in the Philippines until 5th October 1944[18], while treasure burying continued since April 1942.

            Governments had already centralized their gold by registering it into a global system within the BIS known as the Gold Pool. This Government gold, and to a lesser extent, the assets that had been seized by force, became the focus of the Tripartite Gold Commission [19], which was established at the Bretton Woods Conference in 1944 for a term of 50 years to undertake the restitution of Monetary Gold. The terms of management and control are set out in accordance with the Treaty of Paris and Subsequent Accords (1935, 1974, 1987, 2015) and set out in the Treaty of Yalta; therefore, regulatory control is executed under International Treaty Law. It was the 1987 Accords that foresaw the need for a permanent control system over these off-ledger assets.

            In 1994 the 50-year Term of the Tripartite Gold Commission expired. However, in its place, the International Institutional Parent Combined Collateral Accounts Commission (IIPCCAC) was established in October of 1988, with Dr. Ray C. Dam appointed as Sole Arbiter and Owner. These accounts are also known as the Institutional Parent Registration Accounts (IPRA) of the Federal Reserve and underpin the US Dollar. The Office of His Excellency Dr. Ray C. Dam was ratified on 20th January 1995. [20]

            In 2003 after discussions with officers from the National Security Agency in the United States, it was recommended and agreed that the name of the office is changed to the Office of International Treasury Control. OITC has absolute control as signatory organization of the IPRA and as Owners and Controllers of all the assets held in the International Combined Collateral Accounts, the Parent funding organization of the Global Financial System.

The Purpose of OITC

            The centralized wealth of Governments that was gathered pursuant to the Gold Act in 1933-1934 and the subsequent actions undertaken during World War II by both the German and Japanese Armies today forms what is known as the International Collateral Combined Accounts, sometimes referred to as the Global Debt Facility or simply the Global Accounts.

            From a technical point of view, the stored assets of gold and other metals, land, people, and general wealth have intrinsic value that all Nations own have value. That value is centralized and then book entered in off-ledger accounts against which on-ledger accounts are substantiated and underwritten. The amount in off-ledger accounts is vastly more than the amount in on-ledger accounts. For example, when you take out a mortgage, the interest component of that mortgage is automatically underwritten by Global Accounts. Though you never know it, your underwriter is OITC. The legal owner of the property is the underwriter. This is all just basic commercial law.

            In order to control and manage the effective use of these accounts, and there are tens of thousands of these off-ledger accounts held by various signatories and holders, many of whom believe they own these accounts. Not so. They are owned and controlled by OITC under International Treaty Agreements similarly as a person would inherit assets from a Parent. OITC is the Heirs and Owners of the Collateral Accounts. These Collateral Accounts, in return, underpin the Global Reserve Currency, the United States Dollar [21]. The United States Dollar, in turn, underpins all other Currencies. The control of these accounts is both rigid and decisive through the Institutional Parent Registration Accounts that underpin the Federal Reserve and all Central Banks, the collateral owner and signatory appointed by the World Governments being His Excellency, Dr. Ray C. Dam.

            In order to move money from the Collateral Accounts into the international monetary system, this can only be done if one follows the correct banking protocols and obtains the approval of OITC, who will then provide the Federal Reserve with the settlement clearance codes and with the Certificates that convert the off-ledger funds to on ledger funds in the front banking screens. The people who hold these off ledger accounts can transfer their funds from account to account or from bank to bank without any problem, but what they are transferring is just banking reference data packs as these funds have no value behind them. The certificates from OITC authorize their collateral to underpin the data pack that converts data to money.

            It is for this purpose that ownership of the funds and assets were ceded to OITC. Accepted under Treaty Agreements between all Nations, as holders of those Treaties, OITC act as the lawful owners of the collateral accounts under “Legal Decadency to Heir,” meaning an appointed legal heir, not an appointed a natural heir such as a Son inheriting from his father. The reason is simple, and as stated later in the Basel 3 and Basel 4 Agreements [23] that state, only the owner of the value has the right to commit an asset or to sell or pledge an asset. It is OITC’s responsibility to manage and control any commitment or other use of these assets. That is why OITC exists.

Troubled History of OITC

            From 1995 to 2010, the operations of OITC were so secret that even the existence of OITC was normally denied by organizations such as the Federal Reserve, Banks, United Nations. This was partly due to the nature of assets that OITC owned and the level of Authority OITC had over those assets. It was also to prevent knowledge of the existence of the Collateral Accounts and the role they play in the modern financial system that had been instituted in 1971 by the amendment to the Foreign Gold Act under the Nixon Administration.

            Cambodia, the homeland of Dr. Dam, was chosen as the place to locate OITC. Here it was out of the way and in a considered unlikely location, when in fact, it was ideal. The local community knew that a number of foreigners were working there but thought little of it as there were many foreign NGOs in Cambodia.

            In 2003 Dr. Keith F. Scott, then Chief of Cabinet of the Office of His Excellency Dr. Ray C. Dam met with the National Security Agency officers in the United States. The NSA Agents asked why Dr. Dam never drew the salaries from the Financial Constraints Office of the United Nations as the office was entitled to do.

            Also, that due to issues that required OITC to operate in extreme secrecy caused many problems, the NSA recommended that operational structures needed to be amended, starting with a change of name that indicated what the office was operationally, but without disclosing exactly how OITC functions or what OITC actually does. The name of “The Office of International Treasury Control” was deemed the most appropriate, so this was then agreed upon.

            On returning to Cambodia, Scott asked Dr. Dam about the available salaries from the United Nations. Dr. Dam acknowledged that he was aware of them but pointed out that if they took payment from anyone, then the independence of the office would be compromised. “If you take the devil’s money, then you are bound to do the devil’s bidding” In 26 years, OITC has never drawn their salaries.

            Much has been made of what happened in Fiji in 2006. None of what is reported is a true account of events, but assumptions of a small-town media. What occurred is that OITC stripped a Freddie Mac Note with CUSIP No. 3134A3M78 and ISIN No. US3134A3M787 of US$ 3 Billion and gave it to a company in Fiji known as Triunion Investment and Holding (Fiji) Limited. The Great Council of Chiefs largely owned that. Contrary to what was reported, there was no charge over any land or other assets asked for or given. The money was granted for three purposes. 1, To establish a national reforestation project of almost 1 million acres. 2. To establish care facilities for the aged (a request from the Fiji Senate). 3. To refurbish the existing jails to give inmates a better quality of life and extend vocational training facilities.

            The only repayment back to OITC was a 10% interest in the forests to be planted, as that had been calculated to be enough to repay the investment. Merrill Lynch, Pierce Fenner, and Smith, who were the Holders of the note, stripped US$3 Billion from the note and sold it to Fiserv Industries (a Member of the Fidelity Group) and had the cash to settle the note given by OITC once the Fiji Government called the settlement of the note. For whatever reason, be it political turmoil or some other reason, the Government never called the note.

            The most dangerous problem for OITC occurred in 2010. David Sale, a mid-level executive from OITC, conspired with Giancarlo Bruno of the World Economic Forum to take over OITC and bring it under the control of WEF, who are great supporters of the United Nations Agenda 21 / Agenda 30. To the effect that plan needs money. Sale planned to remove Dr. Dam (Chairman) and Dr. Scott (Chief of Cabinet), then move OITC under the WEF with Sale as the new Chairman, and the best way to do that was to get rid of both Dam and Scott permanently. Sale contacted the Phnom Post and the Cambodia Daily and began a campaign of vilification against Dr. Dam, primarily through the Phnom Penh Post. Lucy Jordan from the Cambodia Daily was very suspicious of Sale, and on 15th December 2010 contacted Scott via email questioning the implausible assertions of Sale. Scott immediately copied the email from Lucy Jordan of the Cambodia Daily to Dr. Dam. Phnom Penh Post did no due diligence; they just irresponsibly published what Sale had told them.

             On 19th January 2010 at 10 pm, Dr. Dam called Scott and told him he was about to be arrested. As they were aware of the reasons behind the attack, the men agreed that neither of them would be likely to survive if they were both arrested. Dam told Scott to leave Cambodia immediately, which he did.

            There was no real charge to file against Dam, and he was held for seven months without charge. Meanwhile, Sale was boasting that he had Dam arrested and that Dam would never leave jail alive. In his mind, he was now the new Chairman of OITC appointed by the Hierarchy (whatever that is). Dam was eventually released from prison due to the intervention of King Bhumibol Adulyadej of Thailand and brought to Thailand by Royal Thai Air Force. On arrival, he was originally pronounced dead and was moved to the mortuary. In preparing the body for placement in the refrigeration unit, a mortuary attendant discovered him still alive, and he was quickly moved to the Intensive Care Unit.

            After several months of recuperation, Dam began reorganizing OITC. Regardless of the claims of Sale’s co-conspirator David Crayford,[24] also known as “Whistleblower” in hundreds of internet chat rooms, they never succeeded in their evil plan; all of Crawford’s published assertions about OITC, Scott, and Dr. Dam are malicious, untrue and derived from wishful thinking.

            OITC is reorganized and operates through their office in Washington DC just as they always have done; the Washington Office has always been there, even when they operated from Cambodia. His Excellency, Dr. Ray C. Dam, remains in control as Chairman, and Dr. Keith F. Scott remains as Deputy Chairman and Chief of Cabinet.

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