Babylon's Bankers


November 28, 2013 By Joseph P. Farrell

A regular reader here, Ms. M.W., sent this to me, and I have to admit when I read it, I was as much intrigued by the sub-text as by the text itself, because unlike many sub-texts, this one speaks almost directly to the theme of "space collateralization" that I think has taken place. Once again, permit me a brief reprise of this scenario for the newer readers here:

  1. During the interwar period there are indications that a hidden system of finance was put into place, signified by the appearance in 2009 of so-called "Morgenthau" gold-backed US Federal Reserve Bearer Bonds in fantastic denominations. These bonds were immediately denounced by the US government as fakes and counterfeits, leaving more or less unexplained why anyone would counterfeit such hugely denominated securities instruments;
  2. This hidden system was vastly expanded after World War Two by US President Harry Truman, utilizing captured Nazi and Japanese loot, and laundered - in Catherine Austin Fitts' version of the scenario - via the Exchange Stabilization Fund;
  3. The purpose of this hidden system was to provide and entirely off-the-books source of funds not only for covert political action, but also for black projects research and development. The vast sums implied by the hidden system - evidenced in my opinion by the various bearer bonds scandals, mortgage fraud, and other securities scams - indicate that the system was not erected solely for the purpose of covert action. The real goal of the vast funds was to fund black technologies and their development. I have hypothesized that this was a long "Manhattan Project On Steroids" and ultimately concerned outer space and thus a "secret space program." To get prime banks to participate in this system, space itself, and whatever was found out there, was collateralized forward.
  4. The vast amounts of Gold and other bullions and commodities looted by the Japanese and Nazis was kept off the books, and this was used to credit a hidden reserve which could be, and was, rehypothecated over and over again.

Thus, if one reads between the lines a bit here, the players involved in this scheme have run short of the commodities to back the system to make it all work...

...or have they?

Now, with the above scenario in mind, look at this very short article (again, thanks to Ms. M.W.):

Planetary Resources Mission Technology Team Asteroids Opportunities News What if the greatest discovery of natural resources didn’t take place on Earth?

And this:

Here’s Why Asteroid Mining will Fuel Human Expansion into the Cosmos

And finally, this:

Planetary Resources: the new asteroid mining project backed by James Cameron and Google executives

Now the latter article is perhaps the most clear statement of the subtext in the three articles. Here's the subtext:

"Planetary Resources, a company founded by several space entrepreneurs and backed by such high-profile names as James Cameron, Larry Page, and Eric Schmidt, plans to begin prospecting for natural resources like water or precious metals in near-Earth asteroids (NEAs) by 2022. Co-founder Peter Diamandis claims that "everything we hold of value on Earth — metals, minerals, energy, real estate, water — is in near-infinite quantities in space." (Emphases added)

In other words, all that re-hypothecation can be made good precisely by mining asteroids.  Or to put it differently - and this should give anyone pause - the West's financial system is in a mess, and it is losing its grip on increasingly rare resources, and hence, we must go into space to get them, and do so quickly, before we're found out. Well, I suppose that in some respects, they have been "found out" to a limited degree, but I also suspect that the degree of fraud in the system is greater than anyone knows, and that the quiet scramble under way to get into space and mine asteroids is but a means of ratcheting up public support for the effort, which will then, to a certain degree, be used to "balance the books" and make the system solvent again. That is one of the many subtexts being suggested.

Now, the interesting thing about this scenario is, of course, that the financial elites, during the post-war period, made precisely such predictions: dwindling resources supporting a larger population base. Either the population base had to be reduced, or resources increased, or both. But there was only one way to increase resources, and that was to "expand the bottle" or the system, and that could only be done by going deeper into the Earth's interior and oceans, and/or into space. Hencefrom the standpoint of the system alone, space technologies had to be developed, and that required a huge long-term and secret investment commitment. When one adds into this mix the sudden appearance of UFOs, then one has all the ingredients for the recipe of a breakaway civilization, as Mr. Richard Dolan has very aptly observed.

There's another subtext here as well, and that's the participation of Google's Larry Page. Why is this significant? Most people - this author among them - think google's relationship to the national security community is rather direct and overt(See, for example, Google Bankrolled by the CIA), and thus, his involvement implies the idea that the promotion of the asteroid mining meme is indeed coming from deep within Mr.  Dolan's breakaway civilization and the national security state. That state, in other words, securitized and collateralized its existence on and in space. 

Let the implications of that one sink in for a few moments...

Do you see it? If not, let me spell it out: if the above scenario is true, then one simply cannot proffer any solutions or analysis to the current financial situation, much less adequately advise any client (if, for example, one is in the financial services or consulting business), and ignore the hidden system of finance, the black budget, and the connections of them to the breakaway civilization. To do so would constitute a material omission. That material omission is the hidden corollary to Mr. Richard Dolan's penetrating observation that the UFO - space issue constitutes the hidden variable in postwar history. Similarly, it constitutes the hidden factor, the material omission, in any financial analysis that does not take account of the sheer amount of money siphoned off in the decades since the Second World War, and into the black budget.

See you on the flip side...

(POST POSTING ADDENDUM:  When I posted this I neglected to mention that the type of analysis offered in the last paragraph, that begins "Did you see it?" is a kind of summary of the analysis that former Secretary Catherine A. Fitts made during her recent visit, so readers are advised these ideas are not my own, but hers. I certain share them in that I think they are not only possible, but that one must, as she argues, take these factors into consideration, and that anything less is a material omission.)