Ok... this is by now another one of those old stories, but as you know, we don't "do breaking news" here, but rather, comment on stories that we think have a deeper, longer significance, stories that are clues to deep institutional or cultural memes. This is one of them, and it involves the famous Hong Kong and Shanghai Bank Corporation, or HSBC, one of Asia's largest international banks.  (And just as an aside, pay attention to that bank, HSBC, for you will encounter it again in my forthcoming book Covert Wars and Breakaway Civilizations). Anyway, to bring you up to speed, here are a couple of articles about the story:

Banks Are "Where the Money Is" In The Drug War

HSBC To Pay $1.9 Billion To Resolve Allegations The Bank Ignored Possible Money Laundering: Report

Now some background. In the past, in numerous interviews and even in comments on this website in members' vidchats and so on, I have advanced the hypothesis that there is tremendous factional infighting within the western oligarchy, along more or less traditional geopolitical fault lines. I have also advanced the idea that the western financial oligarchs are (1) in a defensive - and perhaps even "panic" posture - and (2) that they have to a certain extent lost control over their own hidden programs and agendas for "world domination" and global government and all the other things they are accused of being in favor of. In stating this second hypothesis, another way of restating it would be to say that they - by which I now mean the main central and prime banks of the west, and with them, to a certain extent their underlying banking family dynasties - have lost control over their own program and system of finance. They are, as I once told someone, dealing with captured programs.

This is not to say they no longer wield considerable influence, but merely that ultimate control has been wrested from them.

This is what intrigued me about the first article linked above, and I want to cite the exact statements that caught my attention:

“All financial crime has a money laundering component,” says Charles A. Intriago, president of the Miami-based Association of Certified Financial Crime Specialists. “… If you’re an individual, and get caught, you get hammered.

“But if you’re a big bank, and you’re caught moving money for a terrorist or drug dealer, you don’t have to worry. You just fork over a monetary penalty, and then raise your fees to make up for it.

“Until we see bankers walking off in handcuffs to face charges in these cases, nothing is going to change,” Intriago adds. “These monetary penalties are just a cost of doing business to them, like paying for a new corporate jet.”

"Broken System

"The world’s financial system is incredibly complex and capable of moving trillions of dollars in many directions, across multiple borders, with the push of a button in our digital age, making it difficult for banks to truly know their customers in all cases."

There is the rub: vast financial crimes - and criminals - can use prime or even central banks, given enough computer and financial savvy, without their senior management even knowing anything about it. At some level, however, it will require the complicity of someone in a position of authority, and usually that means high authority, within the said bank to pull it off...

...It is this very feature that, I contend, means that the financial banking elites may have lost final control over their own system of finance, and this loss of control may account for the mystification of their own financial experts and the confusion and "feel of panic" one oftentimes senses in recent years emanating from that quarter, for it means something very simple, and very shocking, and, if one considers the full implications, very disturbing.

It means, first, that ultimate financial control of the West's finances lies outside the traditional finance capital sector altogether. It means secondly that this control has to lie with those capable of organizing, on a global scale, vast money laundering schemes, which requires both computer and financial expertise, a connection to the criminal underworld, and long experience in fraud and deception. short, my hypothesis has been, since the day I first wrote about the bearer bonds scandals here, that the real center of gravity in western finance has passed from the Bank of England and the Federal Reserve, to the intelligence agencies, and particularly those of the USA... and we know two, in particular, with this expertise...

...that said, there remain certain banking families with deep ties to intelligence...

See you on the flip side...

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. jedi on December 28, 2012 at 10:00 am

    get ready for the dragon to reveal itself…

    end game cubed.

    E=13 23 squared.
    the cube within the cube circled…..silence of the babblers.

  2. DanaThomas on December 28, 2012 at 5:09 am

    Latest news: The Italian premier Mario Monti, official representative of the financial system that is impoverishing most of Europe, will be standing in the February elections with the official support of the Vatican. This was confirmed in an article the official newspaper “Osservatore Romano”. Such outspoken support has not been seen for decades when they used to support the Christian Democrats. Compared to decades ago, however, there is now widespread resentment in Italy over the Vatican bank’s behaviour, its huge real estate property (estimated at 25% of land and buildings in Rome alone), its clinics subsidised by the Italian National Health system etc. As well as the constant interference in Italian affairs by the Vatican City State, officially an independent country (as they never cease to stress when they are asked to pay taxes)…

  3. Relyf on December 28, 2012 at 12:27 am

    Since there are no other means to query, please explain the recurrent delays in the publication of your latest book.

    It has been listed on Amazon for some time; the publication date keeps getting pushed back. There are obviously myriad complications in publishing, however, a simple update on the status of the book would be appreciated.

    • Joseph P. Farrell on December 28, 2012 at 1:22 am

      Hi…I JUST HEARD MYSELF just this very day that my complimentary copies went out from the publisher, and the book is now posted in the webstore… please be aware, authors are the lowest of the low to publishers… we are the last to get informed or consulted about ANYTHING, and then, we we DO try to complain, sometimes we get lectured about the rituals of the the publishing industry. In this case, the book was posted on amazon without even me being informed, and it was posted before I had even begun WRITING it.

      • Robert Barricklow on December 28, 2012 at 8:24 am

        Who said the pyramids were a thing long past?
        To answer my own question.
        Those who are at the apex of those pyramids.

  4. kamutef on December 27, 2012 at 8:16 pm

    I think the core of what is being hinted at here can be traced back to Reagan and the contras and even further back to just after the end of the Vietnam war.
    At that point heroin was coming into the US via military transport planes and the same thing essentially continued with the contras and the aircraft flying into covert runways in Arkansas. There is no reason to believe that such a profitable and well camouflaged financial operation has ever ceased so the money is still flowing and needs banks to launder it. It is a win win situation from the point of view of TPTB. The dealers get paid, the shadow government and black ops get their untraceable funds, the banks get paid and the government employees get paid to continue the ‘war on drugs’, whilst the prisons get paid to lock up Everyman who gets caught with a joint.

  5. marcos toledo on December 27, 2012 at 11:52 am

    HSBC BBCI a ode to crime pays devidends hand over fist Banksters over Adadus greed supreme around the world.

  6. Robert Barricklow on December 27, 2012 at 9:10 am

    For some time, especially apparent from the British East India Company, the “intelligence”, “financial”, and state’s monopoly on power(so-called) have worked together at different levels. The further one proceeds to the inner core of theses “circles of power within power” the furthe the real purposes” behind the poloicies(overt) and the unexpected actions(covert[9/11, BP oil spill, Fukishima]); the more at the core, of this rotten apple, one gets.
    That the “inner core” circle(s) has cut-off connections, is the question: of why?
    Of course, this is hust another possible scenario.
    The flex its muscle and “blackmail” for more control.
    To completelt dissolve the outer circles, which portends some “event”?

    Great post!
    The game is afoot!

  7. Yaj on December 27, 2012 at 5:48 am

    No the real center of banking has moved from traditional investment houses (Goldman Sachs) and regular banks (Chase) to hedge funds and more broadly private equity. For whom they work or with whom they work is obscured by the law.

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