Babylon's Bankers


January 6, 2013 By Joseph P. Farrell

Yesterday I blogged about the Italian central bank's suspension of electronic transactions into and out of Italy, and about one possible macro-scenario with two basic versions of interpreting that action, based upon the following short article in Great Britain's Daily Telegraph:

Italy bans card payments in Vatican over money laundering

My reasoning yesterday was based on the basic implied premise that the Vatican was not yet completely nor wholly integrated into the power structure as the Western oligarchs wish it to evolve.

However, as readers of my new book Covert Wars and Breakaway Civilizations will be quite aware, there are pressing reasons to be argued that this "complete integration" occurred and was accomplished in the immediate post-war period. Chiefly, there are three main reasons I advance there for this integration:

  1. The Vatican was intimately involved with the CIA both in rigging the 1948 Italian elections and in funneling the money for this covert operation. This money was part of the hidden system of finance that I argue in that book was put into place after World War Two. As such, the Vatican was a principal actor in that system and it had intimate knowledge of it;
  2. Major high ranking hierarchs within the Vatican curial machinery appear to have known of and participated in massive securities forgery during the period that this system of finance was in play, and moreover, intimate that the USA or its agencies were also involved;
  3. Additionally, as is now well-known, various members of the Secretariat of State were involved in helping to establish the postwar ratlines for fleeing Nazis, inclusive of operations to launder Axis plunder.

Viewed in this way, the Vatican's relationship with the City of London, Wall Street, and more importantly, Western and American intelligence, would have been intimate during the postwar period, which throws the Italian Central Bank's decision into a rather different light, beholden as it is to the European Union bureaucrats in Brussels, and their hidden masters in the City of London and Frankfurt. In this reading, the two principals - the Vatican and the Italian central bank - are both integrated with those other financial centers of power, and hence, the action may be interpreted either as theater, as we did yesterday, or as a signal of factional infighting. It may even represent factional infighting within the Vatican itself between "integrationists," i.e., those wanting to enhance Vatican power by integration into the global financial-political structure of the West, and "independents," those wishing to distance themselves and the Vatican from that structure. (In this respect, it should be recalled that the late Fr. Malachi Martin indicated that Third World cardinals and hierarchs favored a more independent approach to the Vatican).

In the latter instance, the Vatican's recent proclamations calling for a global moral authority might be read as a challenge to that globalist financial oligarchy in London and New York, and hence, as a subtle break of the Vatican faction from that postwar covert financial-intelligence structure. In this instance, again, any new statements of Vatican-Eastern Europe, or of Vatican-Orthodox, Vatican-Coptic relations might heard deep rifts in the European Union's greater cultural and political structure.  Most importantly,  the signal will be very clear which faction has for the moment triumphed in the election of the next pope.

Make no mistake, folks, the Vatican Bank - like the obfuscated gold, Germany's demands for gold audits, and the growing list of countries wanting to repatriate their gold - is a story to be watched...

See you on the flip side.