We may be witnessing a new chapter in the saga of the Bearer Bonds scandals, or then again, we may not be; we'll get to that eventually. But in this last week, there has been a new story involving yet more trillions of dollars in fake bonds, this time involving the Vatican Bank. Before we go any further with this story, however, I want to make note of soomething else very significant. As many of you know, many people send me articles on various topics, and part of my weekly(and in some cases, bi-- or tri-weekly) ritual is to go through all the articles from various people that I have archived, and then select those which, by dint of sheer numbers or other factors, seem to be of most interest to regular readers here. I can honestly say that on this particular story, so many of you sent me various versions of the coverage of this story that it would literally take a paragraph of mentioning just the initials of all of you who sent this story. In a way, I find this very consoling, because it means many people are watching the international financial news, and doing so with en eye to detail, and rational speculation on what it all might mean.


With this in mind, now let's look at various versions of the story:

Zero Hedge: Trillions in Fake Euro Bonds Seized at Vatican Bank

RT: Two men caught with $4.1tn worth of fake bonds at Vatican Bank

IE: Two Men Caught in Vatican Bank Fraud Attempt

Newser: Italian police say 2 men with false bonds tried to access Vatican bank in foiled swindle plot

IBT: Vatican Bank Targeted In €3 Trillion Fake Bond Fraud


Reviewing all of this, we end with the following intriguing data set of alleged facts in the case:

  1. Two men claimed to have appointments with someone in the Vatican, though this is unclear. One source, the International Business Times, the last article referenced above, claims that officials, presumably Vatican officials, state that the men did have appointments, while another source, Newser, the second to last source linked above, claims that the men themselves made such statements, but that no appointments were officially logged;
  2. One man appears to have been an American, and another was, according to the third article linked above, was a Dutchman of Malaysian descent, an intriguingly suggestive heritage, given the conspiracy obfuscation being pushed both in the lamestream and alternative media over the disappearance of Malaysian Air flight 370;
  3. The Two individuals were allegedly known for similar fraud attempts in Asia, according to the third and first articles linked above;
  4. The Two individuals were subsequently released by authorities, ostensibly because Italian law does not permit the arrest of individuals who merely attempt fraud;
  5. According to the Newser article(the third article linked above), a search of the men's hotel room recovered the stamps and seals used to create the false bonds; and finally,
  6. The bonds themselves were apparently denominated in US and Hong Kong dollars, euros, and were counterfeits of corporate bonds and securities, rather than of alleged sovereign debt instruments - a fact which distinguishes this affair from the bearer bonds scandals, when gold-backed USA bearer bonds were recovered. The amount, involved in this latest incident, however, some 3 trillion euros, or $4 trillion dollars, recalls the amounts of the Spanish and Italian Bearer Bonds scandals, which were for 2 and 6 trillion dollars respectively. As in all three bearer bond scandals, however, the bonds here are claimed to be counterfeit. However, unlike in  all three Bearer Bonds Scandals - the Japanese, Spanish, and Italian scandals about which we have blogged on this site previously - no pictures of the allegedly counterfeit securities accompany any of the articles.


There are a number of peculiar parallels that emerge from these stories, and readers of my book Covert Wars and Breakaway Civilizations will recall a couple of them. In that book, I detailed a Mafia scheme that was uncovered by detectives of the New York City Police Department to counterfeit some $900,000,000 of US corporate bonds and securities and use them to create a fraudulent system of credit within the Vatican bank, a scheme allegedly involving the then head of the Vatican Archives, the well-known French bishop, Eugene Cardinal Tisserant(readers will also recall that I reproduced the actual document signed by Cardinal Tisserant confirming the "arrangement" with a Mafia representative). Thus, the scheme at one level seems to parallel activity that surfaced in connection with the Vatican bank some decades earlier.

Other parallels closely resemble the Japanese Bearer Bond scandal, in which two men(again!) were intercepted by the Italian financial police, the Guardia di Finanza, at the Swiss border, attempting to smuggle in $134.5 billion in allegedly counterfeit US bearer bonds, ten of which, it will be recalled, were denominated in one billion dollars each, in the so-called "Kennedy Bearer Bonds." What is interesting to recall in this connection is that, at the time of the Japanese Bearer Bond scandal (2009) a number of articles appeared in the Asia News, a Vatican-connected news service, and these articles maintained, somewhat contrary to US government pronouncements that the bonds were all fake, and that no such billion-dollar denominated bond had ever been issued, that some of the bonds were so skillfully "counterfeited" that they were almost indistinguishable from the genuine items.

Additionally, like this most recent affair, the two Japanese men's counterfeit bonds were discovered in a briefcase, and the two men were subsequently released by the Italian authorities. Then, as now, their names were never released. We have then not just one, but three points of resemblance between the two affairs, and resemblances with yet another affair involving the Vatican bank and Eugene Cardinal Tisserant.

What all this might mean for our customary High Octane Speculation will have to wait until tomorrow.

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. DownunderET on April 6, 2014 at 2:59 pm

    This is beyond belief and add to that another banker death with his wife and daughter. There is something seriously going on here and it doesn’t seem like it’s going to end soon. I refer again to the police involved in investigating these deaths, surely they must see the connection, and one would assume that not all police are corrupt. It begs an investigation by police to “connect” the bearer bonds AND the banker deaths, but alias, it wont happen and how many more people have to die to protect this “secret hidden system of finance.

    • Aridzonan_13 on April 6, 2014 at 6:32 pm

      What new banker death? Please reply with a link.


    • justawhoaman on April 7, 2014 at 7:02 am

      If the deaths are to cover up billions to trillions of fraudulent dollars, is it not plausible that police departments can be “convinced” to view the evidence as “suicide”? It is back to that concept that if “they” can kill JFK, “they” can get anyone. Just a saying.

  2. marcos toledo on April 6, 2014 at 1:33 pm

    Another episode of the Bearer Bonds Scandal roadshow just wondering who will the next two fraudsters will be. This beginning to look like a material for a financial thriller line up mystery writers on your march set start grinding out those books. As for the Vatican(Western Roman Empire)they have been trying to get back into secular power for the past fifteen hundred years. Thanks LSM I will use Ipatiev house from now on yes the Ramonov’s must have had a secret slush fund for emergencies like the Russian Revolution just makes me wonder if the Bourbons had their slush fund for the French Revolution emergency.

    • jedi on April 6, 2014 at 1:45 pm

      Lol….the vat does have gods sun on the cross, on a pedestal and nailed to it.
      Seems though that massive genocides follow the grand killing of the king ‘ritual,

      Do u bee lie eve in magic?

      And all the kings horses and all the kings men ……never knew god again.

  3. Aridzonan_13 on April 6, 2014 at 12:19 pm

    What a wonderful way to bribe officials across the world, counterfeit UST’s / Bonds and other bogus paper holdings! Now, that the FedGov.Inc $FRN’s gravy train is getting a bit shaky.. These fake instruments are being cashed in.. Sometimes to find that their bribes were fake.. FedGov.Inc strikes again. Never under estimate the debts the PTB have fallen.


    • Lost on April 6, 2014 at 12:57 pm

      “counterfeit UST[‘]s”, um there may have been some. But that’s not usually what’s being “faked” in these stories; that would be Federal Reserve Bonds+some corporate bonds.

  4. LSM on April 6, 2014 at 10:22 am

    “Two men claimed to have appointments with someone in the Vatican, Two men claimed to have appointments with someone in the Vatican, though this is unclear”- as long as it’s unclear it’s unclear-

    “the men did have appointments…but that no appointments were officially logged”- see above under “unclear”-

    since when has the Vatican ever thwarted anything enriching its coffers?- never-

    I don’t mean to sound negative/pessimistic but I’ll believe the control system on this planet will finally come to an end only once the Vatican is not only audited/purged but completely razed (sort of like the Ipatiev house was razed once too many people came to the conclusion the Romanov deaths were most probably faked considering there were no bullet holes/blood stains according to the first investigative reports on the non-existent basement of the Ipatiev house; the lowest floor was a small entry foyer); but let’s not equate the Vatican with the Ipatiev house; unless one wants to equate all of this with the faked resignation of Pope “Bennie the Rat” (if this man still isn’t in power I’ll eat my living room- hey, folks, power is wielded behind the curtain, not on the apron of the stage- and the minute anyone exits from the exposed front-stage lighting one can remain in the darker wings for a looong time and command how the sets are built/raised/lowered)-

    maybe some on this website may not take my postings very seriously (it’s OK- I understand) but, believe me, I work in the realm of THEATER and became aware a looong time ago how easy it is to present people an illusion (and that goes for the orthographic) they will deep-throat swallow without second thought because it’s prettily packaged (see above under concept “theater”)-

    I believe no ‘official report’ anymore (it’s show-time) and if the Vatican is suddenly refuting money for whatever reason (on moral grounds?- hardly- since when was the Vatican ever moral?)it’s because it’s a front covering other inflowing monetary funds-

    please stay well all-


    (so much for the and their latest fizzle- hope I’m wrong)

    • jedi on April 6, 2014 at 1:55 pm

      Its BOND James Bond……as in King James, and those bonds are worthless heathen notes…..however they provided nice dreams….sleep jack s,keep….err fraira Jacques…forms vous…..sleep soundly
      Should say dorma vous…….as said, removed from the tree of life

    • terminally skeptical on April 6, 2014 at 8:13 pm

      Now you’ve gone and done it. You’ve have rearranged the deck furniture of the SS Terminally Skeptical with her rudder frozen in a port helm after a collision course with Robert Newman, captain of the Is-Nothing-Sacred? I thought before I left the safe harbor of What-I-Thought-I-knew I might weather the storm thinking I knew the waters well enough. Thanks for the tip on the Red Ice interview, etc. More than ever the whole worlds a stage . . . . .

      I may not quite walk in your shoes yet but I’m standing right next to them. The old adage, believe none of of what you hear and only half of what you see is alive and well.

  5. DanaThomas on April 6, 2014 at 8:59 am

    Despite the dense obfuscation those who have followed these stories can start to draw at least some conclusions. One being that – even assuming that “genuinely counterfeit” bonds were involved, the explanation that this was a mere attempt at swindling the Vatican bank to get credit backing or some such thing, seems ludicrous. Since the Banco Ambrosiano days, Vatican apologists have claimed that “innocent” clerics at IOR were scammed by clever fraudsters – something unlikely especially in the light of the Tisserant affair. Is the Vatican a “target” of this operation? Or did they concoct it themselves? Who are these unknown couriers, whose (apparent) immunity from prosecution implies influential connections? Unless, of course, the whole story is an invention for “financial engineering” purposes? The Dutch/Malaysian connection might have a number of implications: apparently the ABN Amro banking giant, after the Dutch government bailout/nationalization, is due to be reprivatized this year…

  6. Robert Barricklow on April 6, 2014 at 8:34 am

    An analogy would be in the form of:
    A 30 day notice; a 60 day notice; a 90 day notice;


    then, a “public” notice.

    • jedi on April 6, 2014 at 8:59 am

      Clever ……… should be put on alert that the brains behind the chairs has sent a message….369, you can figure out a few tidbets with that sequence.

  7. Ramura on April 6, 2014 at 6:24 am

    Regarding number of people who sent you this article, I wonder how many of your readers, like me, didn’t bother to send you THIS one — out of respect for your limited time to sift through all this stuff — because I felt certain that you would find it on your own.

    I send you lots of stuff, as you know, but I usually avoid the more obvious ones. But, trust me, I THOUGHT about sending them! 🙂

    You’ve now got your own team of news-clippers! Yeah! 🙂

  8. Patricia on April 6, 2014 at 5:33 am

    Correction: According to the third article linked above, one man was a Dutch citizen of Malaysian “origin”, not necessarily descent.

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