We begin 2014 with a leftover bang from 2013, namely, the Vatican bank, courtesy of an article shared with us by "K":

Vatican Bank Scandal JP Morgan HSBC cease doing business with Vatican

There's so much going on here one does not really know where to begin.

You'll recall that we ran blogs last year about how Ernst and Young, the auditors of record both for Lloyd's of London and for the Bank of International Settlements were brought in as auditors for the Vatican bank. The move itself was unprecedented, since the Vatican's financial dealings have been shrouded in secrecy since at least the pontificate of Leo XIII, who, according to the late Malachi Martin (in his "fact as fiction" novel Vatican) struck a "bargain" with the high financial powers of Europe to allow the Vatican into the international banking game. If so, then this article signals that, for whatever reason, the terms of that Bargain are now being renegotiated.

The bank, as the article makes clear, makes few loans, but mostly functions as a deposit and transfer bank, a clearing bank, on the international stage, for religious and other depositors. 

But what's intriguing here are the interfaces between the Vatican Bank and behemoths like HSBC(Hong Kong and Shanghai Banking Corporation...remember Baron Blackheath anyone?), JP Morgan Chase and Goldman Sachs...

Now for the high octane speculation. The article presents the concerns of these banks with the lack of transparency at the Vatican Bank. But this coming from banks that are up to their fat bonuses in their own brand of corruption - think of derivatives and credit default swaps - that one's antennae can only pulse with suspicion, for those derivatives run  into the quadrillions of dollars (at last count), meaning that these behemoth banks are badly over-leveraged. Yet, another major player, the Vatican bank, would appear not to be, and to be the black hole of banking. Yet, the call is going out for Vatican bank transparency(notice how no one is, as yet, calling for similar transparency from the Federal reserve or the Bank of England or the BIS).

I strongly suspect, folks, that there is a much bigger story going on here, that we as yet do not know all the hidden players in the shenanigans surrounding the Vatican bank, and no, the Mafia isn't the big hidden player here. And I also strongly suspect that the "transparency" of that bank will go only so far; centuries of secrecy in the world's oldest funcitoning political chancery will not disappear in a pirouette of public spiritedness simply because Goldman Sachs and JP Morgan Chase demand it. In fact, I suspect that what may really be going on is a kind of theater, to distract from something else...

...that something else may be that the Vatican bank is the interface of choice between the prime banks, and a very hidden system of finance. After all, you cannot implement a global currency, or even "reset," if, being true to form, one ignores the traditional and centuries' old association of finance and religion...

However one slices it, there's more here than meets the eye, and this is one to watch...

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. nobodyouwantoknow on January 2, 2014 at 3:28 pm

    My Fellow Masters

    They’re onto us… it’s time to move our gold-laundering to Asia.

    An Emergency Meeting of the Auric Council will be held at the Shaolin Temple of the T’ing in Shtup Wang ( Thailand ) on February 18 to discuss the new arrangement. Count St Germain will act as Master of Ceremonies. Unfortunately I cannot attend as I am undergoing rejuvenation which will not be complete until Feb. 30. I will however make an appearance by astral projection at the opening ceremony. As usual, you are required to bring the Lapis ( White or Red ) to prove your mastery, in sufficient quantity to produce bullion for deposit in your account and that of our Society. The minimum deposit will be one metric ton of gold, or 20 tons of silver.



    • jedi on January 2, 2014 at 4:41 pm

      wise move…last time they called that meeting a bunch of headless horsemen emerged

  2. LSM on January 2, 2014 at 3:22 pm

    according to B. Fulford’s latest posting (if Fulford is to given any credulity whatsoever) Pope Maledict (Fulford’s term) XVI was told to either resign or be killed to pave the way for Francis, supposedly a ‘benevolent’ Vatican house-cleaner-

    I personally have even more reservations about smiley-Francis than I do about Fulford (and they are many), and I tend to think Bennie the Rat’s (Michael Rivero term) resignation had more to do with the ITCCS’s public accusations against him and the increasing co-operation of many top influential Italian officials now willing to work with the ITCCS (at least according to the ITCCS)-

    but I agree with Dr. Farrell: there’s more here than meets the eye and I definitely think this a story to watch-

    please continue to be well all-

    Larry in Germany

    • PhiloShop on January 3, 2014 at 2:07 pm

      LSM: “I personally have even more reservations about smiley-Francis …”

      Yeah … look at that catty smile on the December-23 cover of TIME:

      And more … the sly lines in the corner of his eyes.

      Which is precisely in line with the Devil Horns (those of SLY ONE) that TIME magazine cared to plant on his head (by virtue of choosing the placement of his head in fromt of the (fortuotously chosen in color) whitte “M”.

      Which now begs the question, Why on on (God’s?) Earth does TIME depict “The Pope” as “The Devil” just two days before (Anti-?) Christ-Mass???

      Whatever might be going on, this is *seriously* arrogant.

      Either The Pope is *not* in on TIME’s joke, and TIME has the effrontery to think they can get away with making a mockery of the entire Roman Catholic Chuch (which one of the two has more subcribers, one ponders the question), or The Pope *is* in on the joke, in which case he himself is making a mockery of over one billion catholics (who include the majority of the US Supreme Court, and a ton of Congress-people and Senators, including the former, and future, House Speaker).

      In both cases, something really *weird* is being signaled to “the rest of us.”

      And something really sinister, to the Catholics.

      But WHAT ???


  3. DownunderET on January 2, 2014 at 12:51 pm

    This God guy who sleeps in the Vatican must have had a hangover. The world sees the Vatican as the “place of peace and harmony”, and good ol’ Frankie at the wheel of the boat of bottomless pits.

    They can do anything they want to the Vatican, but, you have to get the Jesuits approval FIRST!!

    This shame will just go away and we wont hear anymore of it, the Vatican is just to big a boat to sink, well it’s leakee anyway.

  4. Robert Barricklow on January 2, 2014 at 12:49 pm

    What is of value?
    Surely not the fiat show with villians like derivatives and credit default swaps.
    Surely not shiny rocks, or heavy metals.
    All of that would be naught without the secrets of fire & other energies; without the mechanisms for control: religions & currencies.
    In the Vatican vaults are Deep Secrets; ones that, when possessed – bring forth “power”.

    “The attrempt, and not the deed confound us. I have done the deed. Didn’t thoust hear the noise?”

    You can guarantee what you hear is nothing remotelt touching reality.

    There is almost never a happy ending.

  5. Frankie Calcutta on January 2, 2014 at 11:21 am

    This passes for investigative journalism at the Financial Times?

    “When JPM would say, “we need to answer to the regulators on these wire transactions” the Vatican Bank would push back and say, “We answer to God,” according to a bank manager at a large European bank.”

    How pathetic. Clearly a hit piece.

    This might be the most portentous line in the article, maybe even a veiled threat to the Vatican bank considering Bank of America’s huge mortgage troubles:

    “There have been rumors that the Vatican is a large shareholder of Bank of America but this has not been substantiated.”

    Are we looking at an attempt to thwart whatever plans the renegade Vatican has and keep them on the bankster reservation? Or maybe even just a shakedown for some gold? My guess is either the star fleet is running out of anti-gravity fuel, or the breakaway civilization needs money for their massive electric bill, or the banksters are white powder gold junkies and their supply is running out. Now anyone sitting on gold is a target and the gold will be taken by any means necessary.

    On a slightly different topic, this recent Roman Catholic ordination of an Anglican US Navy/Veterans Affairs chaplain might be of interest to Vatican watchers:

    “In preparation for his ordination to Catholic priesthood, Father Cantrell underwent a period of formation approved by the Congregation for the Doctrine of the Faith of the Holy See, a process beginning officially October 2011, that included his ordination as a transitional Catholic deacon. Married, he also received a dispensation from Pope Francis to be a priest without embracing celibacy. Father Cantrell’s wife, Cathy and mother, Patricia Blais, were among those attending the ordination.”

    I might be pulling at straws and I can’t claim this is unprecedented, but this high profile ordination of a married Anglican priest might be demonstrating the Vatican’s attempt to reconcile some of its doctrine with that of the Orthodox Church and the Anglican Church… which may be in an effort to pave the way for even greater reconciliation between the three churches.

  6. marcos toledo on January 2, 2014 at 11:07 am

    What better cover for the social-psychopathic elites than the Vatican Bank to launder their ill gotten loot. They were in bed with the Conservatives-Nazis -CIA-NSA and who knows what other intelligence agencies. The dirty deals most boggle the mind I wonder how Pope Francis 1 will dig the Roman Catholic Church out of labyrinth.

  7. Sagnacity on January 2, 2014 at 8:45 am

    So if this is the true size of the holdings of the Vatican bank “empire”:

    “Many do not realize that the Vatican manages a banking empire with approximately $7 Billion in assets.”

    It’s not that seven billion dollars is nothing, but it’s nothing compared to what JPM Chase is trading in. So what else does the Vatican, not bank, have?

    And right various monies could be moved through the Vatican bank for all sorts of purposes, but it would seem that banks in places like the Cayman Islands would be better for such purposes.

  8. DanaThomas on January 2, 2014 at 7:19 am

    Yes, and “G-man” Sutherland has paid a visit. A little speculation: could it be that their accounts are harder to hack with respect to “normal” banks, with a lot of things being kept “offline”, using good old-fashioned typewritten or even handwritten entries? A few million in a suitcase is “peanuts” on these levels, but the fact that a clerical gentleman has been stopped probably means that even in the digital age there is more such offline “business” than we are led to suspect.
    Or even worse, they might be using some of those non-linear techniques in the new “infowars”.

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