Lord James of Blackheath, Speech on Foundation X (House of Lords, 01/11/2010) in which he claimed to have been approached by an unnamed organization wishing to fund massive public works projects in the UK with vast currency reserves backed by gold bullion. A Labour party staff member and political blogger who wrote about the story speculated that the organization in question is the Office of International Treasury Control. However, James has stated that he had not been approached by the Office of International Treasury Control, that there were no links between Foundation X and the Office of International Treasury Control, and that the Foundation X was a viable organisation, and its offer was bona-fide.