Many of you notices these two stories over at Zero Hedge, and since I have been predicting an inevitable backlash against Washington's heavy-handedness, and the inevitable BRICSA backlash against the reserve currency status of the US dollar, the following stories are worthy of mention:

Russia, China, Iran hold De-Dollarization Meeting

Of course, there's nothing new there, and, underneath it all, it's more of the same from those three countries. But it is in the context of that "de-dollarization" of the world that one might wish to consider the following story from Zero Hedge very carefully:

Russia Dumps 20% Of Its Treasury Holdings As Mystery "Belgium" Buyer Adds Another Whopping $40 Billion

As the second article makes clear, Belgium is probably acting as a custodial player for someone hidden, and it is equally clear that Russia is selling its US treasuries, or rather, hemorrhaging them.

The real question is, who is buying them, and what does this really mean? Well, here comes the high octane speculation: who has the money to buy this much US treasuries? One answer is the Federal Reserve itself. Why might it buying them through a custodian? There are the obvious answers that it is doing so to continue trying to prop up the dollar by convincing the world that there are still buyers for US treasuries in huge amounts, a scenario more or less suggested by Zero Hedge's article.

The problem with that scenario, as I see it, is that such huge amounts of buys through a cutout(Belgium) is not a move that would induce me - if I had a few billion lying around that I didn't know what to do with - to purchase US treasuries. In fact, it would make me run the other direction. It's not a move that I can fathom as one designed to introduce or restore confidence, but rather, the opposite: it's a measure that, in the final analysis, does not restore confidence, and that may indeed be part of the game plan. But there is another possibility here as well, and this is not only high octane speculation but sub-orbital speculation. In fact, it's so nutz, so crazy, I almost hesitate to mention it. Suppose those bonds that are being bought in/by Belgium were in some way earmarked for certain things at the time of their issuance. Suppose, in other words, that they are part and parcel of the whole 1990s, "pump and dump" scheme; suppose they are specifically or deliberately connected to the quadrillions derivatives and other bubbles out there...

... in that case, the buys make perfect sense, because it's about house-cleaning, not confidence. Indeed, one cannot have confidence, without a clean house. If this crazy scenario has any merit, then it will be interesting to watch the behavior of other major holders of US treasuries, and if in any major sell-off, Brussels once again steps forward as the cutout. If so, then I strongly suspect we're looking at a huge and coordinated effort to clean house. If this scenario - and I totally admit its radical crazy nature - is true, then Russia's actions and those of the BRICSA nations still makes sense: until you get your house in order, we're doing our own clearing and bi-lateral currency agreements.

...there is of course an even crazier  speculation, but I'm not even going there...

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. MQ on May 21, 2014 at 8:13 pm

    More data on the Belgian Euroclear “buyer”:

    “…Another interesting fact – Euroclear also has a strong relationship with the Russian government and is a primary broker for Russian debt to foreign investors. This once again proves my ongoing point that Russia is tied to the global banking cabal as much as the United States. The East vs. West paradigm is a sham of the highest order.”
    “…It is my belief that Belgium, as a member of the G10 and the GAB/NAB agreements, is being used as a proxy by the BIS and the IMF to purchase U.S. debt, but at a high price. I believe that the banking elite are hiding behind their middleman, Euroclear, because they do not want their purchases of Treasuries revealed too soon. I believe that the IMF in particular is accumulating U.S. debt to be used later as leverage to absorb the dollar and finalize the rise of their SDR currency basket as the world reserve standard.”

  2. DownunderET on May 20, 2014 at 2:15 pm

    “Sub-orbital speculation”, that’s a new one and probably the right term to use as the banking world gets crazy-ier every day. You can’t discount the fed in this scenario, what a bunch of thieving morons, or thieving elites might be better. I just wonder who gives Janet Yellen her orders?, wouldn’t that be a “front pager” if there ever was one.
    Russia and China are going to be good bedfellows, and the west can’t do a thing about it. Somewhere down the line Germany has to make a very big decision, ie east or west, and when it dies, it will have repercussions that will be very telling. But what I’m waiting for is some country to give the US military bases in that country, it’s marching orders, that’s the one thing that the US will not like, but F**K em anyway.

  3. Daryl Davis on May 20, 2014 at 11:47 am

    Perhaps there’s a more prosaic explanation to be had here. Someone in Belgium has surely grown quite rich selling us the Belgian waffle. But rightly so: they’re delicious. Maybe said entrepreneur has since decided to give back to the very country whose gluttony made him so very wealthy. In that case, I think we all owe the Fed a big apology.

    • LSM on May 20, 2014 at 2:40 pm

      Belgium is one of the most under-estimated cess-pooled countries in the world (afterwards then start with the concept “Switzerland” with its monumental “child-eater” fountain in the capitol Bern)-

      the capitol of the ‘European Union’ is Brussels; then start with the hideous Marc Dutrout pedophilia case in Belgium that broke in the mid-90’s (was subsequently suppressed- gosh)-

      if Belgium is hiding/laundering money it’s hiding paedophilia;

      the three major money-makers on this planet: war/drugs/sex (above all paedophilia under the concept of “sex”)-

      why do people conveniently skirt this topic?- too “icky” to deal with?- my heart bleeds-


      • Daryl Davis on May 20, 2014 at 3:48 pm

        We’re straying off topic now; but this is an interesting perspective on the “use” of pedophilia for those who haven’t already seen it.

        • LSM on May 21, 2014 at 5:34 am

          many thanks for the link (greatly appreciated) but I’ve already seen/viewed this; I think this woman is genuine-

          stay well Daryl!


      • Robert Barricklow on May 20, 2014 at 5:06 pm


  4. Robert Barricklow on May 20, 2014 at 8:30 am

    global research picked up this story from the Washington Blog of Paul Craig Robert’s/
    Did the Federal Reserve Launder 140 Billion Through Belgium To Hide Massive Quantitative Easing?
    Just google above.

    • jedi on May 20, 2014 at 9:13 am

      another banker jumps, this time from a 22 floor.
      overlooking central park.

      This type of stuff happened in the runup to the great depression.

      • jedi on May 20, 2014 at 9:19 am

        and this type of stuff as well….

        • Robert Barricklow on May 20, 2014 at 5:05 pm

          Killer Apes on the Loose.

          • jedi on May 21, 2014 at 5:34 am

            that is a good question…

            I often find myself checkmated falling back on Aristotle thinking, forgetting the amount of bad programs in the www.

            The one thing though, thank heaven, is they are not “creative”.

          • Robert Barricklow on May 21, 2014 at 11:29 am

            They’re masters of/monkey, monkey do.
            But somewhere along the line a little bit of engineering took place. Creative engineering? to what ends? Destructive on the one hand?, and on the other?

          • Robert Barricklow on May 21, 2014 at 11:32 am

            I can’t seem to ape monkeys perfectively:
            monkey SEE, monkey do.

          • jedi on May 23, 2014 at 5:04 pm

            Which is why we talk in parables.

      • sagat1 on May 20, 2014 at 11:45 pm

        There’s a few interesting snipets of info in this recent Daily Mail article regarding the JP Morgan IT executive that jumped off the 33rd storey of Canary Warf. Apparently he was obsessed by parallel universe theory. Of course this fact alone has led the msm to label him as ‘mentally ill’. Also, one of his friends who he supposedly confided in says that he was having ‘some very unusual thoughts and that a lady he knew maybe a witch.’

        The ordinary joe probably would think this is highly unusual behaviour, but anyone having researched Crowley, his occult obsession and his claim to have access to multi-dimensional beings would probably start posing a few interesting questions.

        Read more:
        Follow us: @MailOnline on Twitter | DailyMail on Facebook

  5. marcos toledo on May 20, 2014 at 8:12 am

    What will the Federal Reserve do buy up all these Treasury Notes like Cornelius Vanderbilt bought all those rail stocks being printed by his rivals. Or will the BRICASLA countries throw the anchor over side that finally sinks the American and Western European economies. Stay tune.

  6. LSM on May 20, 2014 at 7:54 am

    “…there is of course an even crazier speculation, but I’m not even going there…”- why not?- you already know all of us truly respect your “this is not only high octane speculation but sub-orbital speculation”-

    please don’t keep us in “expense” for too long- 🙂

    many regards to all-


    • DanaThomas on May 20, 2014 at 9:33 am

      …and so, the secret space program and further funding to its highly-advanced-but-abysmally-greedy contractors? And what if “real” Treasuries are being used as – or used to create – some kind of anomalous paper being circulated at a huge discount to round up more fast cash in view of some deadline they aren’t telling us about but which the sudden urgency of getting to Mars seems to suggest?
      But on the brighter side, just think how things have changed on the information side since the 90s, when even the most portentious news about government securities dealing/rigging would be tucked away somewhere on the inside pages of the Wall Street Journal and the Financial Times or just not reported at all.

      • LSM on May 20, 2014 at 11:38 am

        I agree with you totally;

        so where does chemtrailing fit into all of this?- Dr. Farrell flatly refuses to address this issue- why?- he must have ‘sub-orbital speculation’ about this but he ain’t talkin’ (he must have a good reason for this otherwise he’d be “talkin’ “)- “too much for white ladies”? to quote a very dear female Afro-American friend of mine (her expression, not mine)-


        • DanaThomas on May 21, 2014 at 11:03 am

          Yes, and I hope Joseph unbuttons with some of his speculations on the issue of chemtrails (or if that term has been too “discredited” by the denial lobby, we could always call it by the somewhat unwieldy term “high altitude aerosol spraying”). This issue is a toxic cocktail of geoengineering, social engineering… and financial engineering, considering the huge costs apparently involved.

  7. admiralporky on May 20, 2014 at 7:26 am

    So %40 Billion in bonds issued by the Federal Reserve & Not US Treasury?On a different note,Russia & China are holding joint naval excercises in the South China Sea…..Is the War of Ezekiel 38 taking shape???Plus the pope will “recognize” a Palestinian State when he visits Israel this week.I would not be surprised IF he actually gets a “Peace Treaty” signed.

  8. jedi on May 20, 2014 at 5:38 am

    So they are going to take down as much of Europe as possible, and the US economy as well….basically the entire west.

    Where oh where have we seen this before?

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