As most of you know by now, I've been flirting with the idea that the disasters in Japan were induced by means of a technology, as a message sent to the errant government of Japan by...well, "somebody." Indeed, I'm not the only one on the internet flirting with the idea; others have already married it and are producing children. But I propose over the next few days' blogs, to scrutinize the idea a little more closely.  Before we get to all that, however, as always, I emphasize that this analysis is highly speculative; it is a way of connecting certain dots, but certainly not the only way to connect them, nor even the only set of dots to be connected.

That said, my analysis in these coming blogs will be based upon fleshing out my idea that the domestic political context in Japan provides the best corroborative evidence that indeed Japan was deliberately and savagely attacked. The dot that I am adding into the mix of the next few blogs is a large dot, in my opinion perhaps the most significant one: the seizure by the Italian financial police, the Guardia di Finanza, considered to be among the world's finest, on June 3, 2009, of two "Japanese" nationals and $134.5 billion of alleged U.S. treasury bearer bonds. The other dot to be connected here, are the Japanese national elections that occurred only three months later on August 30, 2009. It is between these two poles or dots that my analysis proceeds. Many have remarked that the story and its strange connections read like a Robert Ludlum or John LeCarre spy thriller of the 1970s. But Ludlum or LeCarre would have been envious of this plot line, and in previous comments from various members and guests this connection has been suggested as well, and it is an idea that began to percolate in my mind. Herewith are the results, such as they are, of that percolation.

Let's review the case, as it was reported in various media outlets. In June of 2009, two "Japanese" men were apprehended at the Italian-Swiss border at the town of Ponte-Chiasso with $134.5 billion in U.S. treasury bearer-bonds concealed in a false bottom briefcase. Here are the facts of the case as best as I can make them out now, for the story was not covered in any mainstream US media to any great degree:

The "Stash" as Photographed by Italian Authorities

(1) The press identified the smugglers as being "Japanese nationals" but no confirmation of this allegation was ever forthcoming, and the identities of the men was never released (to my knowledge);

(2) There were 249 bearer bonds were in denominations of $500,000,000, with ten so-called "Kennedy bonds" each denominated at a value of $1,000,000,000. Some of the $500,000,000 bonds were dated as far back as 1934.

This is where the plot begins to thicken.  For one thing, bonds of $500,000,000 denominations did not exist - so we're told by various articles on the internet - in 1934, and thus, they were deduced to be counterfeits, though, strangely, the Italian authorities at the time of the arrest were waiting for the U.S. Securities and Exchange Commission to make a declaration as to their authenticity. Moreover, we are informed by a number of internet articles and posts - Bloomberg for example - on this bizarre episode that the bonds were all so well-executed that they were "indistinguishable from the real ones." J.S. Kim, in his post on the subject "Strange Inconsistencies in the $134.5 Billion Bearer Bond Mystery," asks a pertinent question: How can this quality be so good, and "yet the people involved in the alleged forgery (be) so ill-informed as not to date the bearer bonds with a more recent year that would not immediately identify them as fraudulent?... An equivalent analogy would be if an expert art forger meticulously re-created a Picasso oil canvas and then erroneously signed the work with the wrong artist's name. This story just does not add up."

The second problem, noted by Kim in his article, is that the $1,000,000,000 denominated "Kennedy bonds" were never known to exist at all. Again, Kim points out the problem: "...(This) discovery defies any logical explanation. Why would expert counterfeiters make 249 bearer bonds with denominations of $500 million apiece, each indistinguishable from the real thing, and then instead of just making 20 more such bonds, decide to make 10 bonds in denominations of $1 billion apiece in a bearer bond design that never has existed? Were the alleged counterfeiters just too lazy to confirm if Kennedy bearer bonds were ever a legitimately issued security? Again, this story makes no sense."

Add to these points the following:

(3) On March 30, 2009, the US Treasury Department stated that the Troubled Asset Relief Program had - you guessed it - $134.5 billion remaning in its Troubled Asset Relief Program, the exact amount of the "stash" seized in Italy.

Let's pause before going further. This fact led some to speculate that, in fact, the bonds - including the so-called Kennedy bearer bonds - were real, but that they had been secretly issued by elements in the American government to keep the economy afloat. Others continued to maintain the counterfeit story. Some began to advance the argument that the Treasury's announcement in March of 2009 would have allowed two months for forgerers to counterfeit the exact amount of bonds and then allow them to be caught, in a murky economic warfare operation.

To continue:

(4) The two "Japanese" men traveled to Chiasso on a train normally populated by Italian workers on their way to work in Switzerland. Once again, J.S. Kim asked the question on everyone's minds: "If they were really intent on successfully smuggling these bonds, counterfeit or real, why would they not take more care to select a travel route in which it was literally impossible for them not to stick out like two sore thumbs? Again, this part of the story defies all logic."

And finally:

(5) The bearer bonds, as noted above, were discovered by the Italian authorities in a false hidden briefcase compartment during normal customs inspections. Kim points out that if the bonds were indeed legitimate and owned by a nation-state, then they would normally have been transferred by diplomatic pouch exempt from such customs searches!

It is, as Kim notes, "a huge story," but huge because of all its inconsistencies and any potential explanations for them, for whether or not the bonds or any portion of them were legitimate or counterfeit, the question is: who were the real players, and, if counterfeit, what was the motivation for the operation in the first place? There is, however, one fact of the story that is overlooked, and I am surprised no one has mentioned it: the so-called $1 billion denominated "Kennedy" bonds, a denomination that never existed, so we're told. But consider the supreme irony that one of America's last presidents to challenge the "authority" of the Federal reserve by an executive order to issue $4 billion-plus in debt-free United States Notes during his presidency, was murdered a mere five months after signing the order to do so. We'll get back to the "Kennedy bonds" on Thursday's post, because in my opinion, they may hold the key to the story.

This raises two possibilities to my mind: (1) if these "Kennedy" bonds were legitimate, or at least, counterfeits of legitimate but secretly issued "Kennedy" bonds, then this means, as others have pointed out, that someone in the American government was issuing securities secretly, and it means that whoever was behind this operation had access to that extraordinarily secret knowledge, and it also means that someone within the American government had a rather droll sense of irony, denominating such large bonds with Kennedy's image in a bizarre "message"; (2) if they were straightforwardly counterfeit with no basis in reality, then again, the choice of Kennedy as the image on the bonds was again a rather droll "message."

These possibilities highlight an inescapable conclusion: If we assume that all these bonds were counterfeit, then the mere fact that they were such excellent - almost "indistinguishable" - exemplars of the genuine articles means that whoever was behind the counterfeiting operation ultimately had to be a nation-state in possession the genuine article. Only the genuine article could have provided any counterfeiters with an exemplar to imitate, and thus, ultimately, there is a holder of US securities behind this operation at some point. This means, additionally, that the context by which to interpret the Kennedy bonds changes dramatically, for if the counterfeits are based on secret exemplars then a clear message is being sent to whatever circles in the American parapolitical power structure as secretly issued them: We know the game. And little changes if the Kennedy bonds are totally illegitimate.

The question is, who would that nation-state behind the counterfeiting be? Obviously, they would be large holders of American debt, and with an ability to counterfeit near-perfect bonds, implying technological sophistication.

(To be continued).

Joseph P. Farrell

Joseph P. Farrell has a doctorate in patristics from the University of Oxford, and pursues research in physics, alternative history and science, and "strange stuff". His book The Giza DeathStar, for which the Giza Community is named, was published in the spring of 2002, and was his first venture into "alternative history and science".


  1. Harrlokk on April 30, 2011 at 8:10 am

    I know this is a late comment but maybe the 1934 year was used because valid serial numbers from that year were known.

    • Joseph P. Farrell on April 30, 2011 at 9:50 am

      Never too late to comment! an interesting idea.

  2. Antoine on April 27, 2011 at 6:12 am


  3. biggles on April 26, 2011 at 11:58 am

    They’re genuine according to this:


  4. Kyle MacLaury on April 26, 2011 at 6:47 am

    I highly recommend a book called Gold Warriors by Sterling and Peggy Seagrave. In it they recount many instances of both countries and major banks refusing to honor legitimate bearer bonds and gold bearer certificates. They also report on instances where countries (Japan in particular) issued bearer bonds that were not publicly acknowledged, allowing them to later claim that they were counterfeit. I wouldn’t be at all surprised if these bonds are legit, but what is happening here is the US reneging on its obligations.

  5. Jon on April 25, 2011 at 10:45 pm

    Boy, howdy is this a story ripe with intrigue! The mind reels at the possibilities.

    If real, the whole scenario is just strange – why would anyone transport anything of that value in that way? Even a cursory reading of spy fieldcraft, smuggling books, or Burn Notice episodes would teach one better. It would have been far wiser to hide the bonds in sealed collectors edition comic books!

    If fake, then a whole other set of questions arise. Were they faked by the U.S. for some sting op, or by enemies to destabilize our economy? Were they designed to replace real bonds to transfer wealth and collapse an economy when the forgeries were discovered? After all, as mentioned previously, these aren’t the kind of thing you cash in at your local Credit Union….these are pretty high zoot financial tools. One would think that bond of this nature would be registered, which implies a whole other layer of intrigue.

    Makes one wonder if it is linked with the fake gold bullion (plated tungsten) that was in and suddenly out of the news.

    One thing is for sure, the official story is a lie. Something is definitely going on here.

  6. diamantis on April 25, 2011 at 10:44 pm

    Hi, this is nice site for soaring eyes
    I am sorry but i might be a bit dumb, i dont quite understand just exactly how ‘bearer bonds’ works- just who owes who just what?
    please could someone elucidate
    i would be grateful



    • Joseph P. Farrell on April 26, 2011 at 2:08 am

      Bearer bonds are issued so owners can remain anonymous, just like paper currency, and just like paper currency they are issued with serial numbers for authentication. Whoever owns the paper owns the bond.

  7. Tim on April 25, 2011 at 9:00 pm

    The reason they knew they were counterfeit was that the Kennedy Bonds used the image of Ralph Kennedy, a plumber from Provo, Utah.

    As Captain Edgar Lightfoot of the CIA said, “Darn it, the Fnools are back again, Major!”

  8. Ramura on April 25, 2011 at 7:21 pm

    The way I’ve heard this story to date includes the Vatican and some other arrests in Italy, and I think the U.N. (or was it the World Bank?) — SOME big international org…..and, yes, it was a twisted tale indeed! Still unfolding!

    Try to check out the 2 interviews on RMNRadio with David Sale (allegedly) of the OITC. He goes into in depth. But there is a huge controversy there, too.

    You have to be a member to access the RMNRadio archives, though. But I don’t think that costs much…

  9. MattB on April 25, 2011 at 7:12 pm

    Speaking of fake money. When I was in China last year I was shown how the locals can conterfeit Chinese money and other foreign currencies very quickly and easily. I was told tht something like 20-25% of Chinese currency is fake.

    I wonder if this talent will be utilised some how?

  10. bMarshall on April 25, 2011 at 6:52 pm

    Well, well, well…Of course earthquakes are not natural events, but are always triggered by cabals with their secret weapons programs, this though does not discount cabals, secret weapons programs with the abilities to set off earthquakes and hence tsunamis, nor natural events which the interesting analysis of Mr. Farrell seems to leave out of the picture, thus putting his analysis into a nice corner, with the rest of the dust, radioactive or not.

    That the crisis at Fukashima, which is a global crisis, should serve as a means of looking at the global financial meltdown crisis from another angle has merit, as the NWO cabal, or of what ever name one might choose to call the many headed beast, the fact of the matter is that WMD’s were used against Japan before, and now Godzilla has awoken, scorching Tokyo, etc

    The fact of the matter is the great game has gotten to that point, where tipping over the chess board, as the only option against loss, may well have been deliberately accelerated into a blackmailing scheme gone way out of control…

    Or perhaps, free thinking people, understanding this as the best of all possible worlds, might so be inclined to utilize nature’s bounty, where with this disaster, if we can expose the cover-up in its reporting, to so demand the end of the cartel’s control over the means of production as concerns the development into fruition of such processes that so solve the so called energy crisis’s, be they in science that has so been suppressed as there are many of alternative energy
    programs at the stage of great breakthroughs. The Rossi ‘cold fusion’ breakthrough might well represent one such silver lining, but certainly it may well be in working in the directions indicated by Victor Schauberger, whose motto of ‘observe nature, then copy her’ is most relevant, especially as he recognized the key of the implosion as working in nature.

    This with a environmental movement, run by the financial oligarchy, buying into the nuclear paradigm, while pushing the rather ineffectual false-dialectic of wind/solar as the answer, which will not solve the problem at its current technological trickle.

    Anyways, an interesting article, the next should be interesting as well

  11. Robert Barricklow on April 25, 2011 at 5:54 pm

    The reason Japan was target is many fold.
    The two primary reasons: Japan has recently been moving into the Chinese orbit.
    The primary reason: International Bank$ter$. Two outstanding economist today are Michael-Hudson.com & Ellen Brown, webofdebt.com/A recent interview by Stephen Lendman(check archive/progrive radio news hour) on Progresive Radio Network(google) with Ellen Brown discusses Japan’s banking conflict with the international banksters in DETAIL.
    HAARP, besides intiating Japans quake, is also responsible for the mass animal killings, i.e. birds falling out of the sky. Nikola Telsa had theorized useing frequencies of matter(living beings have their own unique frequencies as well). Is a fine tuning test program controlling frequencies in the horizontal and vertical (AND Inter-Dimesions?)?
    -Like the popular piano strings analogy popular on a youtube video of haarp.
    BP oil spill was another purposeful sabotage. 9/11 was an OBVIOUS inside job. Ellen Brown writes that the financial meltdown started on 9/11 NOT the 12th as protrayed in the new “Inside Job” narrated by Matt Damon. An “in your face” purposeful date?
    Games are being played. Lives are being tossed about like salad. I’am afraid we’re the main course that’s on the menu. Question is not when.
    The question is, “Can we stop them?”.
    And by the way, who was the turkey?(see the Italian movie “Johnny Stecchino”)

  12. MQ on April 25, 2011 at 10:59 am

    Even more fun (emphasis on speculative!)
    Who/what else was interested in the tsunami?

  13. MQ on April 25, 2011 at 10:15 am

    OK, even if someone could make a great forgery this isn’t exactly like forging $100 bills. I would suspect there are relatively few large denomination bonds, meaning that they should be trackable via serial #s. How would you get a serial # that was “within range”? Better yet, where would you trade or redeem such a bond? It would make about as much sense as me trying to forge $1000 bills and trying to walk into my local bank and deposit them or cash them out for smaller change.
    Also, I found that these folks getting searched so thoroughly for paperwork seems like there was a setup or tipoff from at least one side.

    • Joseph P. Farrell on April 25, 2011 at 10:30 am

      Keep the dial right here… it will get very interesting in a couple of days!

      • Kathie on April 25, 2011 at 10:50 am

        Joseph, one question I never did discover if the image on the bond was actually “Kennedy”. What I mean is they were reported to be “Kennedy bonds”. Just want to see if you were able to determine if that meant a picture or a name or both?

        • Joseph P. Farrell on April 25, 2011 at 10:53 am

          Hehe… watch for Thursday’s blog….!!! 🙂

          • Kathie on April 25, 2011 at 11:16 am

            ok 🙂 I’m on pins and needles!

  14. kl on April 25, 2011 at 10:05 am

    See “Legacy of Ashes” by Tim Weiner…..the hand meets the glove!

  15. Patrick on April 25, 2011 at 8:47 am

    I keep losing posts!!! Lets see if this works…much will be missing.

    So the bonds are plants alogn with the guys captured? How many layers of this are involved? Did the guys know they were goign to get caught, probably not. But someoen above them used em to telegraph a message TPTB/W.

    This seems like an open (with some context) slap to the banksters (mainly US, but following these dots ties back to a center) that the Japanese unending policy of buying US debt is over. They openly said we’re selling…even if their fakes…i wonder if there is a senior person who had an agreement with kennedy to being to turn away from the old order and it was a down pymt or something?

    On top of this there are stories of OTHER bearer bonds that have been discovered in LARGE amounts. It doesnt make sense that the BOJ has been printing money for twenty years or so and getting no results (well sort of) but it make sense from one angle.

    POST WWII we rebuilt the nation (not we, but a few business men) and it seems obvious that strings were attached are all layers of Japanese society. I mean we told them the Emperor would weild no real power and they accepted it!!! That was their highest honored position and they accepted it’s lowered status so what else woudl they accept for a return to prosperity knowing full well they would seek their revenge eventually?

    It seems this all ties back to US banksters (but not totally, its got a center closer to Rome more than likely) and the Japanes are abondoning the policy of the last 60 years as the new political party takes the reigns…the first lost post was better…but some ideas…

    • Joseph P. Farrell on April 25, 2011 at 10:32 am

      It is multilayered and murkier than anyone can imagine

  16. SamtheSham on April 25, 2011 at 8:10 am

    As JF floats toward some rather intriguing alternatives in the mass market of our fiat value systems and their extremely long history, should not the ‘common man mental spider web’ start to see something fishy in the whole set of the Japanese dramas?

    What indeed have we tripped over in the Grand Game?

  17. Jay on April 25, 2011 at 7:32 am

    Only on the subject of counterfeiting paper currency and bonds:

    It is my understanding that it’s reasonably easy for a skilled printer to make perfect fake bills–completely undetectable.

    What is difficult, is once you make the substantial investment of time and money making this fake currency, you have to make lots of it and then getting rid of huge amounts of raw cash is difficult, so the usual answer is to approach the mafia to buy up the stuff at a discount, however the the US Secret Service knows to look for people trying to sell lots of currency to the mob.

    Even though this story is about bearer bonds, all I’m saying is that it doesn’t take huge sophistication to make perfect fake currency–North Korea has been doing it for years.

  18. Michael Anthony on April 25, 2011 at 7:24 am

    I remember reading that David Rockefeller was having meetings with top officials in Japan a couple years ago.. Not quite sure where I read that. I believe Benjamin Fulford actually interviewed him at that time in Japan and posted it on youtube. Do you remember hearing anything about that Dr. Farrell?

    • Joseph P. Farrell on April 25, 2011 at 7:27 am

      Yes I do…. Rockefeller was there to visit Emperor Akahito.l

    • SamtheSham on April 25, 2011 at 8:14 am

      Benjamin Fulford’s interview was like watching a grade B movie meant for first year law students at the community college. Beware the tuning as if your actual life DEPENDS on it. TTFN

  19. Dave Walton on April 25, 2011 at 6:22 am

    This is getting VERY interesting already!! Japan, of course, being both technologically sophisticated and the holder of a significant amount of U.S. debt…and perhaps involved in secret weapons tech research at Fukushima… and making signals on moving towars China etc….. Can’t wait to hear the rest 🙂

    Great stuff!!!

    • Dave Walton on April 25, 2011 at 6:29 am

      A quick add-on: Japan also has an interesting history connected to the legends of its elite, traced through its state religion of Shinto – the emperor being ordained by divine gods.

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