Yesterday I began this short mini-series of articles and blogs dealing with the most recent counterfeit bonds scandal that has occurred, this time in connection with the Vatican Bank, or the Institute for Religious Works. As I noted yesterday, there are three (and really, when you count them carefully, four) parallels between this most recent affair, and that of the Japanese Bearer Bond scandal of 2009. The three(or four) parallels are:

  1. Both scandals involved the apprehension and detention of two mean,
  2. carrying enormous amounts of money in allegedly counterfeit securities,
  3. in a briefcase, and finally,
  4. in both cases, in 2009 and again now, both men's names were withheld from the public, and the men were released.

Which leads us to today's...


The context of all of this occurs in the midst of troubles surrounding the Vatican Bank, and Pope Francis I's apparent efforts to clean house and make public the banks' accounting. As I have noted previously on this site, an external auditor was hired for this purpose, an auditor which in turn is also the external auditor of record for major financial institutions such as Lloyd's of London and the Bank of International Settlements. So it is possible that perhaps this whole affair was conceived and contrived as some sort of test of the Vatican' Bank's new image of "accountability."

I would, however, venture the opinion that since the Vatican itself entered the fray surrounding the Japanese Bearer Bond scandal of 2009 via the East Asia News Service, and quickly announced that the securities involved in that affair were so good as to be indistinguishable from the real thing, that something else is probably going on here, and that the two events may be connected in some deep fashion. The fact that we have not yet been shown any pictures of the alleged counterfeit corporate securities in this most recent affair is telling, since in the cases of all three Bearer Bonds Scandals - the Japanese, Spanish, and Italian scandals - we were shown such securities.

There is a significant incongruity in this story, and I imagine most readers caught it, for it is an incongruity that is huge, given the extraordinary sums involved (in the trillions of euros or dollars). This huge incongruity lies simply in the assertion that the two men's hotel was searched, and the seals and stamps used to create the alleged counterfeits were discovered. This raises a question: if one were to attempt to counterfeit trillions of dollars' worth of corporate bonds in an attempt to open a (fraudulent) line of credit at the Vatican bank, would one be so careless as to leaves the implements by which one confected the counterfeit instruments in one's hotel room? The question is analogous to the problem of the $500,000,000 and $1,000,000,000 denominated bearer bonds involved in the Bearer Bonds Scandals, which, so the claim goes, were never issued by the US Treasury. Again, the question becomes: why bother to counterfeit something that in effect amounts to a $7 bill? something that never existed? (Of course, readers of my book Covert Wars and Breakaway Civilizations will recall that the alleged bearer bonds were not issued by the US treasury, but allegedly by the Federal Reserve directly and secretly, thus, US government denials may in fact be only a partial truth designed to mask something else, since the Federal Reserve is not a US Government agency). Here again, to attempt to defraud the Vatican Bank with counterfeit securities would inevitably entail that any counterfeits would have to be of extremely high quality in order to fool it, given that bank's experience with international clearing and securities in general. This in turn implies an operation more extensive than just two individuals, and thus perhaps they were released in order to see where they might lead.

The implication, in other words, is that high quality "counterfeits" may be really a case of "the unauthorized minting of exact and indetectable copies," requiring great expertise, access to the genuine articles, in a kind of modern, updated version of the Nazi counterfeiting scheme, Operation Bernhard. This implies in its turn the involvement of sophisticated players... international criminal organizations, or, perhaps, intelligence agencies. In either case, we are perhaps once again looking at yet another manifestation of a hidden system of (fraudulent) finance, or at attempts of those in the know, to expose it and its major players.

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. electrodirector on April 8, 2014 at 8:35 am

    Are we observing an onion-shaped system with its parasitic appendages? Or, to be more precise, are we just seeing one layer of a two-layered system, where the patsies’ histrionics divert attention away from the cryptoterrestrials hiding behind plausible deniability?

    Why send these things by courier while other, secure possibilities are used each and every day? Who is pointing fingers at the Vatican Bank? The way this has been played, I’m not convinced that Francis and his brethren might not be behind this. They DIDN’T fall for the scam, so they can be TRUSTED. Good PR.

    If the patsies are not even aware of their role, all the better. The system pushing such amounts of imaginary money will sprout parasitic appendages, daily. What would you do if you came in possession of 4 trillion in seemingly genuine bonds? Even if you could only get a small percentage of that amount, it would make you fabulously-well-to-do for the rest of your earthly existence. With greed-based programming, the details will work out themselves.

    Mnemonic implants with a lot of hooks are very efficient. This has the sick feeling of Hollywood all around it. The patsies’ vanishing without a trace doesn’t seem to bother anyone; this is not conspicuous at all. Vatican Bank is back among the top banks, they don’t go for scams. Bring them all your savings!

    Like mass-shootings without victims… there is a disconnect between the ears of those doing this, and it is not getting better.

    Dr Farrell’s blog on the perversion called education system brings it to the point.

    • jedi on April 8, 2014 at 10:55 am

      Mnemonic implants…….something not understood by many.

    • terminally skeptical on April 8, 2014 at 7:17 pm

      Whenever I hear of suspects wielding a get-out-of-jail-free card (be it in Australia, India, or NYC, excepting Jonathan Pollard) and disappearing into the news blackout night my first thought is invariably Meyer Rothschild’s undeclared legacy on the eastern shores of the Mediterranean.

      Now that we’ve had some time to let the event simmer and with the help from Joseph’s blog I agree with your call that this could just as well be a public relations stunt, a cleaning up their image Vatican con job. Look dear, the Vatican is catching the bad guys.

      Regardless, the story itself smacks of rank amateurism and is conspicuously lacking in detail. If the one billion dollar bonds were the largest and of them there were only half a dozen then how much volume does $4.1 trillion equivalent in smaller denominations displace inside an attache case? By my reckoning, that’s one hefty suitcase. And those fake passports back at the hotel room (Atta boy! . . as in Mohammed Atta’s passport “found” on top of the pile of WTC rubble on 9/11, nudge, nudge, wink, wink) along with the counter fitting apparatus. Seriously! They forgot to mention the crack pipe. I odore merda.

  2. marcos toledo on April 7, 2014 at 1:11 pm

    It’s a madhouse out there welcome to the Hall Of Mirrors. Get your ticket to Neverland, Oz, Land of the Lotus Eaters and other worlds of illusion. What real and what is fantasy is hard to tell will the real Bearer Bonds please stand up and proclaim it’s existence for the sake of the children.

    • Robert Barricklow on April 7, 2014 at 3:30 pm


  3. Kona on April 7, 2014 at 12:00 pm

    One more thing: The Vatican appointed Mary Ann Glendon as part of the outside advisory committee.

    Her daughter had an affair with a priest and fathered her child

    But the kicker: Her late husband Edward R. Lev represented non other than Continental Illinois in its bankruptcy proceeding

  4. Kona on April 7, 2014 at 11:52 am

    Date of arrest 3.11 in runup to Obama visit

    “The American and Dutchman appeared on March 11 at St. Anne’s Gate at the Vatican”

    Fukushima 3.11.11

    Western leadership visits to Vatican: Putin, Hollande, Obama and the Queen

    The Vatican Chief Justice blasts Obama policies as hostile

    Pope gives the Queen a orb (emphasis) for which she gives fresh vegetables from the gardens and whiskey?
    Vatican investigating the Scottish cardinal? Related to Queen visit or Scotland independence?

    Within days of the arrest an article about the Italian Mafia netting more than Deutsche Bank and MCD – . Interesting selection as DB at center of gold scandals and correspondent accounts that ensnared JPM last year. MCD has just announced the suspension of activities in Crimea just as Medvedev has said no GMO in Russia

    “The financial newspaper, which gave the number of the IOR account, said some 1.5 billion euros passed through it in about 18 months. It said the account was a “sweeping facility,” meaning that it was emptied out at the end of each day with funds transferred to another IOR account in Germany.”

    Reuters reports some of the bonds had links back to Kennedy just like the other bonds

    “Corriere della Sera newspaper said some of the bonds and accompanying documentation had grammatical errors in English and letters of guarantee which referred to the late U.S. President John F. Kennedy and his late brother Robert F. Kennedy.”

    This morning the pope announced that the Vatican bank will remain open after all putting to rest his threat to shut it down entirely. His sunlight measures have elicited threats from the mafia

    In strange twist the new Italian PM who rode his position on rhetoric (and?) has made anti mafia campaign a centerpiece of cleaning up Italy. Consistent with the US crackdown on laundering and illicit finance in what has become a Swiss Bank hunt.

    Last week the new chair of Vatican City Economics (Australian) called out forces outside the Vatican for using the sex scandals to exploit and weaken the church. Also last week the pope came out with an aggressive statement on human trafficking. This morning an Italian was arrested in the Philippines with underage boys.

    Australia being an operative country in the U|S pivot maelstrom. US marines already deployed and the |US is looking to add more (so is the UK). Incidentally the first royal tour is occurring in none other than Australia/NewZealand

    Maybe this is what the US was worried about when the cited risks to the financial system as basis for spying on the conclave?

  5. nobodyouwantoknow on April 7, 2014 at 10:06 am

    Dear Mr Pope Francis

    Attached is an e-check drawn against my EBT card food stamp account, countersigned by the AntiChrist Barry Soetero, AKA The Obamanation of Desolation. Please deposit this in my disinterest-bearing karmic credit account in the Vatican Bank.

    I thank you for your service.


    John F Kennedy

  6. jedi on April 7, 2014 at 5:34 am

    Perhaps the bonds were never meant to be cashed.
    A instrument, say a letter of introduction at banking institutions around the world. The whole system a ponzi shell game, which the Vatican is self exposing how it worked.

    Larry made a good point of the Romanovs faking there deaths, whether true or not is moot. The theater and the illusions that the elites pull off is endless.

    • TruthHawk on April 7, 2014 at 10:28 pm

      As memory serves me now, I recall all Romanov bodies have been accounted for and verified via dna analysis.
      I recall earlier writings which mentioned in the day, Tzar Nicholas was reputed to be the wealthiest man in the world, (30Bil) with bank deposits in the major European centers of commerce. Family eliminated, no heirs apparent, poof goes the assets. Seeing how the Zionist Bolsheviks were funded by the Red Shield cabal, just stands to reason of “qui bono?”

      • jedi on April 8, 2014 at 6:35 am

        Then u have the hit on Titanic, federal reserve, the Armenia genocide, WW1……..

        2 sides of the same coin. ….it is a mind trap. Centralize and knock off the cherry…..the rest fall like dominoes.

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