Lord James Blackheath whistle blower of 15 Trillion USD being laundered (maybe)

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Feb 16th, 2012: http://www.youtube.com/watch?v=eL5hqvTWkYg&feature=player_embedded I keep reading how the federal reserve is going to dump (sell off) the debt they are holding after the election. What most don't know is the federal reserve made 16 trillion in loans at little to no cost to banks who are also members of the Federal Reserve. That alone should be enough to send chills down anyone's spine on how they are devaluing the dollar but than I ran across this. Lord James Blackheath called for an investigation to see if HSBC and others to will acknowledge the 15T USD, which had been wired previously by JP Morgan, on behalf of the Federal Reserve Bank of New York. He also says he does actually have receipts from the heads of the Royal Bank of Scotland saying the money did come in and why in the world would any bank sign receipts saying the money came in if it didn't exist? He acknowledges it is a scam but who is pulling the scam? The counter argument (by the Fed) is that this is nothing more than a hoax or scam the likes of which is Nigerian emails that show up in your spam folder. However the federal reserve claims there was no money transfers and than says all the money was paid back... http://www.publications.parliament.uk/pa/ld201212/ldhansrd/text/120216-0002.htm#12021643000172 So the question is, I guess, did he fall for a internet hoax/scam or is the Federal Reserve trying to cover more shady dealings?