Babylon's Bankers


April 16, 2012 By Joseph P. Farrell

We now speculate on the implications of all these stories. As noted in previous parts of this series, there are four bearer bond stories: (1) the Japanese Story from 2009, (2) the Spanish Story, (3) the Italian story, and (4) the Filipino story (from 2000 but first reported this year in the Bloomberg article cited in the previous parts of this series). Of all these only the Japanese version stands out as differing in three significant respects:

1) It received major US electronic media attention;

2) It did not exclusively involve bearer bonds from 1934, but also bonds dated much later, the so-called "Kennedy" bonds;

3) It did not involve US Federal Reserve Branch Bank strongboxes or chests, and the behavior of the Japanese men was such that it seemed that they wanted to be apprehended.

In the other cases, we have noted that

1) the bonds were all highly denominated US Federal Reserve Bullion-backed bearer bonds;

2) the sums involved were in the billions and trillions of dollars;

3) the bonds were in strongboxes of Federal Reserve Branch banks;

4) the bonds were all dated to the 1930s and signed by US Secretary of the Treasury Henry Morgenthau.

Additionally, the Philippines appear to have been the point of embarkation for the Japanese men in that scandal. And as the Bloomberg article implied, these bonds appear in each of the three other instances to have originated from some ring operating there.

For our purposes here, we shall assume that the official statements are true, and that the recovered securities are indeed counterfeit. If this be the case, then the question becomes one of why all the effort is being put into cons and scams that self-evidently have never successfully recovered any money from the counterfeiting effort, and why in the Spanish, Filipino, and Italian cases, the bonds all involve "Morgenthau" bonds from the 1930s and Federal Reserve Branch banks. The point here is that the basic modi operandi of the Spanish, Italian, and Filipino cases is the same, and that information about the 1930s and secret US financial structuring lies at the heart  of it.

This has, of course, called forth all sorts of speculations on the Internet from various quarters, with some linking the bullion-backed bonds to the Imperial Japanese plundering of Asia that began with the Japanese invasion of Manchuria, an operation known as Golden Lily. This line of speculation traces the bullion backing to anachronistic connections with General Tomiyuki Yamashita's role in securing this treasure at burial locations on the island of Luzon in the Philippine archipelago. Other speculations including my own have connected this story to Lord Blackheath and the anomalous amounts of gold involved in his Foundation X claims.

In my opinion, the partial key to speculative analysis here lies in two things: (1) the amount of effort placed into counterfeiting the bonds, gold coins, currency, and strongboxes evident in the Spanish, Italian, and Filipino cases, and (2) the information contained in each instance, namely, the involvement of Federal Reserve Branch Banks (Atlanta in the Filipino Case, Chicago in the Italian case, and Dallas in the Spanish case), and the timing of origin of the bonds. Such effort and information implies, in my opinion, that whoever is behind the counterfeiting efforts (remembering that we assume the official explanations to be true for the sake of argument and speculation) is well-financed, well-organized, and has access to hidden information that is being communicated from one party to another. This would seem to imply that some power or another is behind the effort, perhaps China, perhaps Japan, but in other words, someone with access to intelligence data not commonly known and involving the activities of the Federal Reserve System in the 1930s.

The fact that in the Japanese case one is dealing with the so-called "Kennedy bonds" of billion dollar denominations implies that whatever hidden financial structure as may have been put into effect during the Roosevelt Administration by the Federal Reserve System continued long after the 1930s, and the allusions to the Apollo space program on those "bonds" may indicate a technological purpose behind that structure. But what would that purpose be in the early 1930s, years before the discovery of nuclear fission by Otto Hahn and the beginnings of the race for the atomic bomb(an effort that consumed billions of dollars in the Manhattan Project)? Or was the purpose something else entirely?

I know of no technological project or purpose at this time in history - other than perhaps various Tesla technologies - that would have required such vast sums of money. Nor is there any evidence from this time period of a hidden project to develop such technologies, which leaves the possibility of another purpose. That purpose may indeed be looting and fraud on a massive scale, with the scam involving not counterfeiters in the Philippines, but the banksters themselves.

In either approach - that is, counterfeit bonds based on real intelligence of a secret tier of financing, or of genuine bonds whose authenticity is now denied - one may reasonably make a prediction that if either analysis is true, there will be yet another such scandal, and that may indeed be one where more information is communicated in the process, not only about that possible hidden financial structure, but also about who is really behind the effort to send messages to that structure, for someone indeed is waging a kind of economic warfare against the West in general and America in particular here, above and beyond simply trying to bilk people out of their money.

The fact remains that merely attempting to cash any bond in such fantastic denominated dollar amounts would call forth an effort to authenticate the bonds before a person could get one dime out of any bank or buyer, making the whole effort to counterfeit such bonds superfluous. We end where we began, with more questions than answers, but we do end with clear indications of an off-the-books financial structure.

Let's go back to one important point raised by the Bloomberg article cited previously in this series, namely, that the US Treasury issued bonds - rarely though it did so - in million, ten million, and even one hundred and five hundred million dollar denominations.  Well, it seems that either the media, or the US Government spokesmen, cannot get the details straight. Consider this New York Times article after the Japanese Bearer Bond Scandal broke, which claims that the US Treasury only issued such securities in maximum denominations of a mere $10,000:

Mystery of Fake U.S. Bonds Fuels Web Theories

Of course, the bearer bonds scandals we have been talking about have been bonds from the US Federal Reserve system, not the US treasury, a nitpicking point, but one perhaps indicative that the story - whether by the media or the government or both - is being deliberately obfuscated. And as the old adage has it, where there is smoke, there is fire....

...see you on the flip side...