When I read this one from Mr. B., I had to rub my eyes and do a doubtle take in disbelief, but yes, you read that correctly: major western banks are involved in a lawsuit for allegedly colluding to ...well, you can read the story in the RT article here:

Major Wall Street banks accused of massive collusion

A mere $320,000,000,000,000? As Mr. B. put it in his email to me, one could buy a small planet with that kind of pocket change, or perhaps endow a world government operating fund(to borrow the observations of Catherine Austin Fitts), or perhaps do both. We'll get back to that.

This is one of those "mackerel on a moonlit beach" stories, for it both shines, and stinks. Consider the few details provided in the article:

Ten of the biggest Wall Street banks and two trading platforms face a US class action suit accusing them of conspiring to limit competition in the $320 trillion market for interest rate swaps.

The antitrust complaint was filed by the Public School Teachers' Pension and Retirement Fund of Chicago, according to Reuters. They purchased interest rate swaps from different banks to manage risk and insulate themselves from changes in monetary policy.

The Chicago Teachers’ Pension and Retirement Fund says it overpaid for the swaps as a result of the banks’ collusion, the lawsuit contends.

That's right, the lawsuit is brought by a Teacher's Pension and Retirement fund in this case, in Chicago, another notorious seat of corruption. Nothing to see here, move along. So, alright, we'll move along to the next set of revelations:

The banks accused are Goldman Sachs, Bank of America, JPMorgan, Citigroup, Credit Suisse, Barclays, BNP Paribas, UBS, Deutsche Bank, and the Royal Bank of Scotland. Trading platforms ICAP Capital Markets and Tradeweb Markets are also facing the lawsuit.

Now, where have we heard those names before? Well, for one thing, JPMorgan, BNP Paribas, are a couple of the Banks that have suffered "Mysterious Banker Deaths", while UBS, the notorious Swiss bank, has been the center of speculations of all nature, many of them involving gold, obfuscated gold amounts, and even odd connections to the various bearer bonds scandals, particularly those emanating from Indonesia and surrounding "Sukharno's gold." Remember that one? And how, oddly, one Hjalmar Horace Greeley Schacht was involved? Remember him? The Reichsbank? Co-founder of the Bank of International Settlements? The guy to discovered, in 1928, that the US Federal Reserve Bank of New York had somehow misplaced the Reichsbank's gold? Friend of Aristotle Onassis? It's quite a curriculum vita and I'm tempted to go on, but won't.

Then of course we have the inimitable Goldman Sachs, Bank of America, Citigroup, Credit Suisse, and the ever-trustworthy Deutschebank, up to its own Twin Towers of derivatives and strange trades on 9/11. And finally, let's not forget the Royal Bank of Scotland, sometime centerpiece of Lord Blackheath's strange speeches in the House of Lords, in which he raised nasty questions about gobs of money suddenly appearing in that bank, and strangely obfuscated amounts of gold... but nevermind. Perhaps Hansard's was just reporting things badly, or perhaps Baron Blackheath was just having a major headache that day, and had taken momentary leave of his senses.

Nothing to see here, move along.

So move along we will, when we read this strangest of all statements in the article:

According to the suit, the banks used different code-names such as ‘Lily’, ‘Fusion,’ and ‘Valkyrie’ to cover up their collaborations.

Huh? Say that again? the code-names for their collusive operations were Fusion, Lily, and Valkyrie? Valkyrie, as in the code-name for the German plan to prevent a coup from siezing power in Berlin under Hitler, the very plan that was used by the anti-Hitler conspirators in the July 1944 Bomb Plot? Surely the World War Two connection was merely accidental and contived? But wait: then there's "Lily," suggestive of the Japanese plunder operation known as Golden Lily, with all its buried bullion in the Philippines, and associations to President Truman's 1947 decision to recover the loot and keep it top secret, putting the US intelligence apparatus into the banking business to provide funding for covert ops and black projects research? Well, what about Fusion, then, I wondered. Perhaps a code-name for the purpose of the operations? To provide funding for "fusion" research or other forms of alternative energy, or for "fusion" of a very different kind, such a political or currency fusion?

And just exactly what was going on here? Was this money stolen through the use of fees and so on? And if so, for what purpose? And more importantly, where did all of it go? It certainly isn't showing up anywhere that I can tell. Does this have something to do with all those mysterious banker deaths?

And finally, why is this being reported (once again) in RT? Are the Russians also sending messages and signals here, that they know something about "Fusion," "Lily", and "Valkyrie?"

This one just boggles the mind, when one thinks about the possibilities, and this time, I have to say, your high octane speculation is as good as mine...

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. DanaThomas on December 12, 2015 at 12:16 pm

    New book about Vatican finance: “Merchants in the Temple” by Gianluigi Nuzzi (Italian title: “Via Crucis”). He is the Italian journalist who published another “Vatileaks” book. This one covers the pope’s ongoing attempts to “clean up” finances, against resistance by deep-rooted interest groups. Besides dealing with the usual unedifying and sometimes hilarious examples of corruption, sheds new light on an aspect seldom discussed: the links with the world central banking network. At the end of chapter 4, there is a short tantalizing document about such contacts; made not by the well-known IOR, what we usually refer to as the “Vatican Bank”, but by the central administation of the Vatican State called APSA (Administration of the Assets of the Apostolic See). This body has apparently had longstanding relationships with the Federal Reserve, the Bank of International Settlements, the Bank of England and others. Some of these relationships include the opening of gold bullion accounts and other gold transactions.
    The authenticity of the material, besides the patent plausibility and corroboration, has also been confirmed (perhaps deliberately)by the fact that the author is facing charges in a Vatican lawcourt…
    A minor caveat for members who get the book: while I have read the Italian edition, some reviews complain about the quality of the English translation. But this is no surprise since publishers’ very last concerns are for authors and translators.

  2. T.J. on December 10, 2015 at 1:50 am

    US$320 Trillion in the interest rate swaps market is only a part of the total market for all financial derivatives, which is +/-$1,500 Trillion.

    However, $1,500 Trillion in public & private contractual financial derivatives “swap books” do NOT translate into $1,500 Trillion in “real money.”

    Only when a derivatives “swap book” containing derivatives contracts becomes unbalanced does any bank or fund need to pay any “real money” to anyone else — usually in the million$ or billion$, at most.

    Financial derivatives include public & private contracts for forwards, futures, options, swaps, synthetic collateralized debt obligations & credit default swaps — much unregulated (and with the total amount being unknown).

    A primary cause of 2007-08 market crash was that derivatives “swap books” became unbalanced when inflated real estate prices precipitously dropped, etc.

    U.S. taxpayers & Federal Reserve paid/’loaned’ Trillion$ to banks & funds to cover their bad derivatives gambling debts. Las Vegas won’t do that for you.

    Some financial derivatives are part of the secret system of finance.

  3. Anthroposophe on December 6, 2015 at 3:12 pm

    My biggest gripe with RT is that they don’t include the links to the articles they cite (I guess they don’t want to give the competition any traffic.) The original article at Reuters: http://uk.reuters.com/article/interestrateswaps-lawsuit-idUKL1N13K2IE20151126 The first note of interest is the correction: Thomson-Reuters is majority owner of one of the trading platforms named in the suit (while not itself named in the suit). The Reuters article also answers my first question, which was’ “How would retired teachers in Chicago know to file this lawsuit?”:”The plaintiffs are represented by the law firm of Quinn, Emanuel, Urquhart, & Sullivan LLP, which has taken the lead in a string of antitrust suits against banks.” Apparently, the RT feels there is some significance to the code name aspect (The banks masked their collusion by using code-names for joint projects such as “Lily”, “Fusion,” and “Valkyrie,” according to the suit), as it is one of the few details carried over from the original article. It would be interesting to find out how this information was discovered, as it presumes some knowledge of the communications among the defendants.

    • zendogbreath on December 6, 2015 at 11:07 pm

      has anyone considered what rahm and his family as well as bill daley and his family feel about this? wonder what penny pritzker thinks too. arne duncan’s going home to a different chicago?

      how exactly are they going to get these testy cps unions to lay down and take their detroitification properly?

  4. Nathan on December 5, 2015 at 9:38 am

    I’m not surprised at this, the bankers and intelligence community along with the corporations and royals have been at this for century’s , as far as using the code words you are right Dr. Farrel , remember the elites love to mock the masses, however only those with discernment know they are being mocked

  5. NorseMythology on December 5, 2015 at 2:06 am

    The figure does seem quite high, vastly exceeding the entire worlds GFP I would venture to say (at least the 6.5billion accounted for on this world). It is a sad state of affairs when people so readily take on masses of debt. Not only have they been sold on materialism but the lifetime enslavement to never quite acquire it. Meanwhile, those of us who avoid debt are paying artificially higher prices due to others selling their futures.

    I really hope something comes of this, nothing major changed since the 2008-09 ransack by the banks, but I still try to retain my hope.

    • Sandygirl on December 5, 2015 at 4:19 pm

      Norse, to the high trillions of dollars and different countries to the little guy chasing the dream, the bankers always win with their bag of tricks. The more credit cards and the higher in debt you are, the better your credit score. It never made sense to me. Now days they are trying to tie your credit score to job applications. This fraud has been going on for centuries and carried out by a very few at the top. How TPTB could not be stopped by good hearted, moral people amazes me or people that will sell their souls for short term “happiness/security”.
      So many issues simmering at once, BLM/ Forest land grab, economies, weather, wars/false flags, education, surveillance, New/old technology, New finds, New leaks, “natural” disasters and my own paradigm shift to a different reality….

      • Robert Barricklow on December 5, 2015 at 5:58 pm

        Your not the Loner Ranger.
        You’ve got plenty of company. Myself included.

  6. Tim H on December 4, 2015 at 8:01 pm

    This is really mind-boggling, that there’s a 320 trillion dollar market for anything, let alone interest rate swaps. Economic esotericism – just what are interest rate swaps anyway? Messages – see the huge bull half-way down the page? And gold bars… Frankie where are you in our time of need?

    • zendogbreath on December 4, 2015 at 11:32 pm


    • Margaret on December 5, 2015 at 7:24 pm

      Agreed Tim, the inimitable Frankie has been AWOL too long … so much rich fodder here for his creative juices …

  7. Robert Barricklow on December 4, 2015 at 5:21 pm

    If the Russian intelligence apparatus is as good as it gets…
    Why take the 1989 fall under the buffoon Yeltsin?
    Why, on the turn of a dime, suddenly pulling out aces?
    Whose writing these reality scripts anyway?
    Where’s Frankie… ?


    Max, Stacy & investigative journalist Nick Kochan attempt an answer.

    • zendogbreath on December 4, 2015 at 11:24 pm

      perhaps it wasn’t that good in 1989. getting mired in an asian landwar while the saudis run up production to cut petro prices did not allow much for russian black op finances. it had been a bad couple years to be a russian oligarch right?

      • Robert Barricklow on December 5, 2015 at 11:02 am

        This collapse was an operation.
        It goes deeper than the so-called cheap oil scenario.
        Although I do like the F. William Engdahl OPEC plot hatched in 1973; orchestrated by Kissenger, Inc., to replace gold with black gold.

  8. goshawks on December 4, 2015 at 3:11 pm

    The thing about “interest rate swaps” is that the banks always win, collecting fees in advance. The particular firm/org/fund limits its possible downside, but at a considerable cost to its upside. In that sense, the banks are like a leech, benefiting from its host at no cost to itself.

    If the “interest rate swaps” were not overpriced, you would not see the huge profits generated in ‘up’ years. Assuming that was balanced by banks taking huge losses in ‘down’ years (paid-for by themselves), that would not be so bad. The coming to the public for bailouts in ‘down’ years – and on top of that, paying themselves bonuses (grrr) – is the sign of a monstrously-corrupt system…

  9. Occult Fan on December 4, 2015 at 2:59 pm

    “This is one of those “mackerel on a moonlit beach” stories, for it both shines, and stinks.” Bwahahaha!
    Great analysis Dr. F!

  10. Aridzonan_13 on December 4, 2015 at 11:11 am

    Here’s hoping da Ruskies make good their black mail threats. It would be more devistating than military strike to have the US populace up in arms and clamoring for Wall St.’s collective head.

    • zendogbreath on December 4, 2015 at 11:19 pm

      if only you were right aridzonan. thinking the regular guy is going to organize, rise up and make some changes? hm


      curiouser and curiouser how all these broke municipalities, counties, states and others are so services and cash broke and yet so hardware wealthy.

      here’s a case:
      probably took 50 to 100 security personnel all at $35/hr and up 8 hrs to do a welfare check on a guy someone said is unhappy and has guns in his home. mrap sitting on his front lawn blaring his name and their concern for his welfare. shelter in place ordered. basic soft martial law.

      page down and see another article

      wonder what that investigation cost. hundreds of cops from many jurisdictions. that one had several high schools from several surrounding towns locked down for hours. and we’re not taking into account costs of school personnel or business losses.

      just keep googling down on various items like police investigate corruption,…

      gary webb proved out cia corruption. apparently we never considered the trickle down effect of the costs. it’s not just a matter of criminals infiltrating govt at all levels. nor the phony war on drugs and its effects at all levels. nor does it only affect a few poor folk in depressed ghettos.

      now it affects every day life for everyone. police, schools, streets, businesses,….

      who’s justifying half a million and up spent on one guy in his home unhappy? or millions on one cop shot behind a factory? or all of the active shooter drills (not to mention the drills that go live)?

      and if the common man organizes and rises up, who’s the leadership? there’s probably a reason why alt media and msm is putting out all these confusing and much too late truths. who is anyone going to trust?

  11. marcos toledo on December 4, 2015 at 10:26 am

    Is anyone in on playing that old board game “Sole Survivor”. This time for real with real death all the way to the end this time. The Banksters have no shame so long as they can enjoy their ultra expensive toys over our dead bodies.

  12. basta on December 4, 2015 at 8:26 am

    A 320-trillion FRN interest-rate hedge market: My! The banksters certainly have been creative! And busy!

    Mind you, this is only one derivitave sub-market. We are now officially back in a reboot of the Middle Ages; on the one hand you’ve got world corporate/gubmint/fascist debt-slavery up and running like a charm, and on the other you have Wall Street and City of London Scholastics in their glass towers creating the monetary equivalent of counting angels dancing on the head of a pin. Oh, and let’s not forget all those Hollywood barbarians and evil creatures lurking in the woods and under the bridges; luckily, brave Sir SWAT will protect you and gallop off in his MRAP to slay the Islamic terrorist dragons (for a small tithe in blood, freedom and gold).

  13. kitona on December 4, 2015 at 7:49 am

    I’m baffled that there is a 320 trillion dollar ‘market’ for anything…unless you assume that hyperinflation is here and then I guess it’s a trillion dollar market for everything.

  14. DanaThomas on December 4, 2015 at 5:15 am

    The School Teachers Strike Back!

    • OrigensChild on December 4, 2015 at 9:14 am

      Says the pot to the kettle: “How dare you steel my shade of black and paint me red! It’s just not banker fare–I want my share!”

    • WalkingDead on December 4, 2015 at 9:14 am

      Payback for Common Core! If we’re lucky they’ll win and can buy back the education system from our obviously retarded/
      inbred leadership. I fear their battle is already lost, since the courts are owned by the puppet masters of these very same people and all the “witnesses” are either dead or on the “list” for elimination.
      Even if they win, the fine will be miniscule and filed under “cost of doing business”. No one will go to jail; the crooks still win; and nothing changes.
      A day of judgment will come, the price will be paid, it is inescapable. This is what I choose to believe.

      • OrigensChild on December 4, 2015 at 10:02 am

        I have no idea what this portends. Dr. Farrell’s opportunity afforded to us all can generate a kaleidoscope of possibilities and patterns. As for one I am willing to allow others to comment on those.

        How quickly might this case be settled? It’s the amount that puzzles me–the agents filing the suit. In light of Secretary Fitts’ information that I have heard from various sources, it does confirm a slush fund for something big. Whatever the reasons for holding such a fund it is in the holder’s best interest to keep it’s secret for as long as possible. Some means of settlement may now be off the table. I would love to hear Secretary Fitt’s spin on this yarn as the wool is collected. Who knows. She may be able to discern the pattern of the weave.

        • DanaThomas on December 4, 2015 at 2:58 pm

          Yes Origens this is definitely Fitts territory.

          • zendogbreath on December 4, 2015 at 10:13 pm

            wonder if she’d comment here? Doc, any chance to get her to try a guest comment?

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