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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 TomHeneghan, 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 AmbassadorWanta, 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.



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