Babylon's Bankers


Yesterday you'll recall I outlined a case that ignoring the history of the role of Axis plunder and loot in the establishment of the postwar American national security state, and indeed, its role in the construction of the postwar financial system, complete with a vast hidden slush fund for covert operations and black research projects, constitutes, for the purposes of the legalities of financial planning, a material omission.

And regular readers both of my recent books (particularly Covert Wars and Breakaway Civilizations and Covert Wars and the Clash of Civilizations) will be aware that I have argued that this Axis loot began to be a strategic factor in American security and international policy formation with the decision taken by President Truman in 1947 to keep the Japanese portion of the Axis loot top secret, and totally off the books.

This is a significant year, because 1947 was also the year of Roswell, of the Kenneth Arnold UFO sighting, and of the signing into law of the National Security Act, which created America's version of the Reichsicherheithauptamt in the CIA and the NSA. As I argued in the two books mentioned above, the UFO is a principal, if not the principal, factor in the creation of these institutions and policies from the long range point of view.

Central to the financing of the vast national security state is a consideration of its two main problems: (1) Communism, and (2) the UFO, which, as it gathered reports through  the 1950s and 1960s, it would have inevitably come to the conclusion that the phenomenon constituted a potential threat, and that it had to be emulated as quickly as possible. Both the defeat of Communism and the emulation of the UFO required a long term commitment of financial resources of vast dimensions, dwarfing the Manhattan Project of the World War.

All of this brings us to the subject of today's blog. As I noted yesterday, many of you have been following the story of the attempts of German citizens to obtain a proper accounting of their country's gold reserves, and the reticence of the Bundesbank to provide anything even approaching transparency on the matter. As I argued yesterday, the hidden but very material reasons for this reticence are simply that such an accounting could conceivably unravel this whole postwar tapestry of Axis loot, hidden systems of finance, and the ongoing problems posed by the American national security state and its many tentacles to European and Japanese elites and Fascism. 

Now, in roundabout support of this, consider this article on the German gold repatriation issue that was shared with me by numerous regular readers here:

Monkey Business Surrounding the Repatriation of Germany's Gold Stored at the NY Federal Reserve Bank

Notice something critical, that I believe could be interpreted from the context of the hypothesis and scenario I've been outlining; I draw your attention to these opening paragraphs of the article:

"As there has not been an audit of Fort Knox since the 1950′s, nor a bar list made public since this German gold was claimed to have been deposited with the Federal Reserve Bank of New York back in the 1950s, this is a can of worms that has already been opened and any “answer” will only lead to more questions.

"So why exactly would the gold need to be recast before sending it back?

"Never mind the obvious question that we’ve already asked. Why will it take up to eight years to send the Germans their gold?

"You see, gold has a “fingerprint.” Once it is refined down to 99.999 percent pure, the fingerprint is erased. For example, the “coin melt” that came from the 1934 confiscation has a fingerprint of 90 percent purity. The gold the Soviet Union was selling back in 1990 was 89 percent pure and had the czar’s stamp on it, which was a dead giveaway that they were out of gold (money). They collapsed within six months and it was foretold by this “fingerprinted gold.”

"For these 37.5 tons to be recast brings up the question: Where did it come from? Was this the original gold that was safe-kept? Or was the German gold leased out a hundred times over and is this gold being recast and returned from another source?

"Is this like the bank employee or even retail cashier who stole from the register with the intent of replacing it before anyone found out?"(Emphases added)

Now, in answer to the last question, yes, it is like the employee who stole from the till with every intention of returning the theft before it is noticed(except of course, in one respect: the employee's intentions are probably far more moral and honorable than those of the CEOs and managers of large prime and central banks).

Cans of worms indeed!

Now note this statement:

" I call 'monkey business' on this one because there are just too many questions. The questions collectively all have the same obvious answers. All these obvious answers point to the same conclusion: The German gold that is being delivered is not the same gold that was supposedly deposited more than 50 years ago. That their 300+ tons (20 percent of the supposed total of Germany’s gold in New York) will take more than eight years to deliver means that it’s not just sitting in a corner collecting dust and waiting patiently to be delivered — it was mobilized and “used” years ago. The conspiracy wackos who used to be laughed at with their (our) farfetched questions and claims had merit after all — and all along the way!"(Emphasis added)

Note again the generalized reference to "conspiracy wackos" but the absence of any specific historical reference to Axis loot and the role it played in established the vast scheme of national security state agencies, covert operations, and long-term black research projects, and to the vast system of finance needed to sustain all of it.

So herewith our usual high octane speculation.... What really concerns us here is the opening paragraph: "As there has not been an audit of Fort Knox since the 1950′s, nor a bar list made public since this German gold was claimed to have been deposited with the Federal Reserve Bank of New York back in the 1950s, this is a can of worms that has already been opened and any “answer” will only lead to more questions."

I submit that the reason for the lack of genuine audits of Fort Knox is openly hidden in these statements and the historical context of the scenario I've been outlining in blogs about the German gold repatriation issue, and in my two books mentioned above. We may summarize this as follows:

  1. The German gold being held by the US in 1950 came, in some instances, from Axis plunder;
  2. It joined similar, and growing, piles of loot being recovered from Imperial Japan;
  3. In both the German and Japanese case, this loot was probably recovered with the tacit assistance of Nazi and Imperial elite sources, who would have required a quid pro quo for its use, and this might have included being included in the upper echelons of access to classified information, and involvement in projects and policy-making;
  4. It possibly soon became apparent to the financial parties involved in the creation of this structure, that the amounts of bullion involved greatly exceeded actual estimates.

Point number four indicates the twin motivations for the continued secrecy, for if the amounts of gold were disclosed at that time, the price would have been suppressed, and its utility as a reserve against which to create vast amounts of liquidity would have suffered accordingly. It was secrecy that ensured the system, and a manipulated price. In the vast scheme of things, transparency would also have given up the game or scheme being envisioned to create that system: secret rehypothecation and reallocation.  So long as the main issue (the UFO) that created this system continues to exist, so long will its participants attempt to shore it up and defend it, and that implies ongoing obfuscation.

Inevitably, such a system also creates a culture not only of secrecy - a breakaway civilization with access to hidden technologies and vast funds - but also a culture of vast corruption, as the elites that manage the system and its finances face and inevitably bow to the temptation to use it to advance their personal or corporate agendas,  and this too constitutes a significant factor of inertia in the perpetuation of the system.

When President Nixon took the USA off of the Bretton Woods modified gold standard altogether, the meaning of the event, in this context, becomes somewhat different, for it signals that the covert aspect of the financial system has now almost completely taken over. What I am proposing, by way of the justifiable efforts of some Germans to get an accounting of their country's gold, is that we must begin the historiographical process of analyzing postwar (and even prewar) financial history from the perspective of this historical model, for I suspect that when we do so, previously inexplicable or little understood events might take on new explanatory power.

See you on the flip side.




  1. Scores were/are being settled ….the war of the noses.

    The money scam whether it be gold, or fiat is one huge massive ponzi scam, coupled with massive corruption in the form of rigged gambling by not so secret societies… the octopus with its many tentacles it squirts out ink as a escape mechanism, no different than the banksters and there green ink.
    There dreams of having a drugged up society of idiots humans, in the form of adult babies was achieved and now they can watch there dreams go up in smoke…, they have to live with them and that is no easy task when the babies start throwing temper tantrums
    China with its own fake moon landing should be a heads up to these idiots. With no manufacturing base, they will be forced to ….”sell the farm”. Idiots, complete morans.
    My neighbor gave me a bottle of 13 percent red wine called…bricklayers predicament. He he……squirt some more ink and add some yeast for another bubble bath with dopey and the other 6 dwarves….and start shilling, there has to be someone left to scam.

  2. “They” purpose to act within the topographical space of earth. AND also within a technoligal grap of humans. Suppose that their technologies are astronomical & exponotionally out of conceptual orbit; as well as the psychological assertions & performance. Suppose these too, were purpose within a psychological grasp; where the ancient societies would entertain Gods, and today/UFOs, mind control, ect. The cui bono? In other words, suppose what we see is exactly what we’re supposed to see. And that implies a more closely entwined pardox of observer/outcome.
    Now one must forget about the concept of ancient times and factor in one that makes the long cosmic game appear freshly minted. For instance, has the one part human & one part alien; AND the “alien, partly human – been engineered by an “Other” in a truly long game that enterfaces/entaglements. Where infinity meets and ends to a means.

    Just writing out loud.
    Sorry for a truly twisted analogy.

        1. OT for RB: Great news! Ellen Brown running as Green Party candidate for treasurer in California, proposes legislation to charter state bank. Californians finally have a candidate worth voting for!

          1. Margaret,
            I just got off the blacklisted news site, where I saw this two minutes ago. I pulled up tarpley to listen to his Saturdays weekly radio show – while checking giza.
            Great News!
            Also enjoyed your recent posts here at the site. Your certainly on top of your game.
            Two pleasant suprises b2b(back to back).
            Thanks again for your updates.

  3. Ok, so the Fed has to re-cast Germanys gold, but then they (the Fed) have to get it from somewhere right. Well who has 300 tones of gold just in case somebody needs some?

    In a Red Ice Radio interview with Bill Still (he made the Money Masters dvd) documentary), he says that Fort Knox has not been audited since 1955. Accordingly in Sterling and Peggy Seagrave’ book “Gold Warriors”, the amount of gold that has been reaped from the hills of the Philippine islands was huge, BUT, a majority of is STILL THERE.

    The alchemy side of this story has to be considered, someone, somewhere has a factory, and when someone wants some, they just make it. However this brings in the “original” source of the gold which has a signature, all gold can be traced back to where it came from, or, you just look the other way and don’t get it tested, simple.

    1. I’m connecting a few dots here so bear with me… A recently saw an article and subsequent tv programme featuring a Prof at the University of California who believes gold is formed due to nuclear reactions, similar to those occuring in the sun. He subsequently demonstrated the process of alcemy by producing controlled nuclear reactions and manufacturing gold from mercury. Mercury 196, an isotope that can pick up a neutron, was placed in a nuclear reactor, and after 23 hours, it turns to gold. His reasons for not producing mountains of the stuff was that the machine had running costs of $200 an hour and that it was simply not cost effective to produce as the quantities were to small.

      Now, this got me thinking… what if production was ramped up? i.e. what’s the biggest machine on the planet? Yes, you guessed it… The Hadron Collider. Perhaps this is the real purpose of the high energy particle collider. It’s also somewhat of a coincidence that it’s located in the depths of the Swiss mountains.

      1. Outlandish though it may be I was amused, nay intrigued, by your wolf in sheep’s clothing speculation of the Large Hadron Collider (LHC). Alas I do think that toy costs a bit more than $200 an hour to operate and since its target area has an extremely narrow focus I doubt there’s gold in the making in dem dere Swiss hills.

        Low energy nuclear reactions (LENR) is a phenomenon that will not go away. For example the David Hudson Story as told by Joseph in his book The Philosopher’s Stone is fascinating by it’s empirical observation and investigation into LENR atomic transmutation.

        It’s lamentable that universities with deep pockets like Stanford and MIT don’t try to replicate the research that Hudson funded at his own expense some three decades ago to see if there’s merit to the original findings. They’ll spend hundreds of millions chasing Einsteinian abstracts or, to use your example, billions on the LHC only to later desperately skew the statistical significance to validate the hypothesis and project costs. Hard to fathom really unless understood through the prism of policy making by the Department Of Energy. One can only wonder what nations less subjected to the tyranny of status quo “science” like Russia and China are doing along these lines.

        1. Terminally ill – The LHC toy costs around $13.5 billion so yes, somewhat more than $200 an hour. The point is that most of the money itself is provided by the CERN member countries, and a little over 70% of the annual budget is provided by Germany, the U.K., Italy, France and Spain. Therefore it’s no that outlandish if current policies are taken into consideration to assume that tax payers fund the LHC and the gold (speculating on its use here I know, but let’s run with the idea) it creates which is then banked by private entities. It’s much like the business model of most governments nowadays – privatise profits and shift the debt onto the taxpayer. What a scam.

          1. If you though I was being snarky, I wasn’t. Your premise makes for a good story for the very reason you suggest, namely that this is but one more possible example of how we the taxpayers always end up shouldering the burden.

            But from a mechanical and operational standpoint we have a collision of two opposite trajectory terawatt beams that engage at a surface nominally sized the head of a pin. So I say unless they have a back room somewhere where the “other” mission is being carried forth through an entirely different means the plausibility of fabricating gold seems remote. I think that when the collider is in operation that despite capacitive storage it still puts a huge load on the power grid seconds before impact and that has to be carefully coordinated and furthermore the energy consumption can be audited for anomalies.

            But hey, you could be right, if for no other reason than stranger stuff has happened. After all, somehow we still have an economy and that too seems incredible.

  4. These ding bats have never known how to run anything properly ever. Go back to the Greeks and Romans stealing like there was no tomorrow in their imperial conquests. And their looting went global from the late fifteenth century onwards. And when they can’t steal for others they steal from each other. A complete kleptocracy for millennia. Who knows where and how much gold there is in the world and other planets in the solar system for that matter.

  5. Now Spain wants its gold back… from Moscow!

    I wasn’t aware of this little footnote of gold swindling history but the Soviets managed to swindle the Spanish out of their gold right before the commencement of the Spanish Civil War. According to the NY Times at the time, the Spaniards had the fourth largest gold reserves in the world. This begs the question: was the Spanish Civil War cooked up as a cover to swipe the gold? And were the artificially low prices of spot gold during the 1980’s, in part, part of a scheme to get this Moscow gold back as the cash starved Soviet Union sold its gold reserves to stay afloat? I have a vague memory of Stalin bragging that he had close to 6000 tons of gold. 6000 tons of gold might be enough gold to inspire someone in Frankfurt or on Wall Street to finance a German army to invade Russia (the banksters did it for far less in Libya) or to bring about the destruction of the Soviet Union to get this Russian gold into a bankster friendly bank vault.

    Is history really just about despotic forces accumulating gold by whatever means necessary and then other equally unscrupulous forces doing whatever it takes to steal that gold from them? If this is the case, then we really might be living in a computer game where all game play involves accumulating the chief prop– which is gold. When all gold is finally in the bank of one player, the game is over. So, where do we stand now? How much game time is left?

    1. Gold was the reason for overthrowing Qaddafi?

      Hitler invaded the Soviet Union for gold?

      Both unlikely.

      Likely: that “Spanish” gold was mostly stolen from various natives in south America.

  6. That Bill Holter (article’s author) guy shoots his perfectly legitimate argument in the gut at the end with the exhortation to buy gold at nearly any price.

    Right, going off Bretton Woods made gold and the leverage it affords, with its ersatz hard value, more valuable and note Bretton Woods is a few years after the US military and government are supposed to have ceded control of these real black world transport and weapons systems to private contractors, like SAIC.

    Still seems that better tech, including free energy and AG are much more valuable, then of course that technology implies a different physics which leads to areas like cold fusion–another term for alchemy. And in that case real specifically the creation of precious metals.

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