Today's blog is an unusual departure from my normal style. My normal style, as most of you know, is to present an article, quote a few important passages, and then to speculate on what it might mean or what it might imply.  Today, however, it's not about an article, though I will reference an article that was sent by W.G.  It's rather about why this type of article keeps recurring. Specifically, why the multi-quadrillion dollar estimated value of the asteroid Psyche keeps  getting mentioned; stories about the space rock will appear, people will mention its estimated value usually in conjunction with the space-talk about mining asteroids, or in connection with NASA's planned probe to the rock, then the story will lie dormant for a few weeks or a couple of months, and then be trotted out again.

My question is, why keep trotting it out? In the past, I've speculated that one reason for doing so is because the estimated value of the asteroid (and others) almost exactly corresponds with the estimated value of derivatives sloshing around in the financial system, estimated to be between 14 and 17 quadrillion dollars. In my speculations, I've suggested that one way to get rid of the problem is to go out, nab the assets, and balance the books, or at least claim to do so and "balance" fraud with more fraud.

With that backdrop, here's the article, and remember, it's part of a pattern:

'Goldmine' asteroid in our solar system is full of metals worth 'quadrillions'

And here, from the article itself, is the familiar pattern:

An asteroid that is thought to be packed full of precious metals which could be worth more than $10,000 quadrillion (£8,072 quadrillion) is currently in our solar system.

The 'Psyche 16 asteroid' is a 124 mile-wide space rock that orbits the sun in the asteroid belt, a donut-shaped region of space located between Mars and Jupiter - containing well over a million rocks.

NASA is currently organising a mission to study the 'goldmine' asteroid in 2026 in an effort to figure out its origins.

Some scientists have speculated that it was once the core an early planet.


Unlike other rocky or icy bodies of its kind, Psyche 16 is thought to be made of mostly iron and nickel, and could be worth quadrillions of dollars in potential mining value.


Psyche is the largest of the 'M-Type asteroids', an enigmatic class of asteroids that are thought to be extremely metal rich and therefore could be fragments of the cores of protoplanets that broke up as the solar system formed.

There's the pattern: there's an asteroid out there that's worth about 8 quadrillion pounds, or about 10 quadrillion dollars "in potential mining value." From the standpoint of the "pattern" I'm alluding to, the only noticeable detail here is that Psyche has apparently been de-valued somewhat.

So again, why keep bringing the story up every few weeks or so?

I suspect that there are two reasons, hinted at in this latest iteration of the "asteroid mining pattern." Firstly, note that the article mentions that Psyche may have once been "the core of an early planet" and that such asteroid "could be fragments of the cores of protoplanets that broke up as the solar system formed." Or, to throw out the ever-present catastrophism model of modern science and to look at an alternative theory, maybe such asteroids, including Psyche, are the remnants of a planet that was once in the asteroid belt, which blew up. For those familiar with my book The Cosmic War: Modern Physics, Ancient Texts, and Interplanetary Warfare, the idea that the asteroid belt was the remnant of an exploded planet was once the favored theory of late eighteenth and early nineteenth century astronomy, which oddly enough, named that missing planet "Krypton." As I also pointed out in that book, more recently that hypothesis was revived by the late astronomer Dr. Tom Van Flandern, once the astronomer of the US Naval Observatory.  Van Flandern postulated a number of models of why a planet should suddenly explode, and after mentioning a few, he finally - and in my opinion reluctantly - came to conclude that he could not exclude the idea of "deliberate action," implying that it was deliberately blown up. In other words, it was a victim of a war, a view which corresponds with a number of very old texts and myths.  So going out and having a closer look at Psyche might provide clues to solar system history, and clues confirming or denying Van Flandern's ideas, including that of "deliberate action."

But there's another reason I suspect, beyond that possibility, and beyond my own "balancing the books" speculations. It's such an obvious thing I almost hesitate to mention it: Psyche's composition, iron, and nickel.  To put it bluntly: the rock is one big "iron filing in the sky," and we all know what happens to iron filings when they get close to a magnetic field. It would be theoretically possible to steer the object magnetically. Of course, we're a long way from being able to manipulate such fields on such a scale, and iron that has been heated past a certain temperature, say in a tremendous explosion, loses most of its magnetism. But nickel is magnetic as well, and thus we're  back to the first reason: the magnetic properties of Psyche might reveal clues about the origins of the asteroid belt.  It's the presence of nickel as well as iron, that make me wonder if they're up to something more than just "geophysical history".

In that respect, one of Van Flandern's hypotheses about why a planet would suddenly blow up is worth mentioning. At one point, he speculated that perhaps there was enough anti-matter in the core of the planet under containment, when suddenly the containment broke down, the anti-matter came into contact with matter, and... well... kaboom. The ordinary way that anti-matter is contained is magnetically. But for enough anti-matter to explode an entire planet, the amount, and the containment, would have to be quite large and sophisticated. That suggests that a naturally occurring containment of such an amount would be stretching it; it would seem far more likely that such containment was artificial... and a visit to Psyche, if it is indeed part of an engineered planetary core, might provide clues not only to that history, but to that technology.

And such a technology would be worth a few quadrillions to go out and recover, or reverse engineer from the geophysical record's clues.

Ok... that's our dive off the high-octane-speculation twig for the day.

Now you can call me crazy.

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. Loxie Lou Davie on August 11, 2021 at 7:47 pm

    Speaking of taxes……I just learned last night that we Americans have been paying 20% of said item to the Queen of England & we, Normies, had no clue about that, did we?!!

    I guess 1871 was the year we were “sold” to the British Crown & we’ve been owned eversince!! What a joke on us!! 😉

    • Allen S on August 11, 2021 at 10:31 pm

      Recently, a neighbor and I tried to visit the Kennecott Copper mine near Salt Lake City, only to find it is still closed – as the result of an accident 3-4 years ago. This is the largest open pit copper mine in the world. My neighbor, a trained researcher, in his follow-up inquiries, discovered that the queen of England owns 20 percent of the mine.

      Many decades ago I attempted to engage a well known financial “expert” regarding issues of foreign ownership of national resources / land. No interest. Insignificant, according to this expert.

      • Robert Barricklow on August 11, 2021 at 11:19 pm

        Absentee ownership is huge all around the globe.
        No doubt; this subject will get you noticed
        because when you examine the owners;
        you’ll find that only a few families, own most of it all.

        That’s the Jack Nicholson truth
        [the few bad owners] can’t handle!!!;
        IF truth be known.

        • Allen S on August 12, 2021 at 2:55 pm

          Thanks for your comment, Robert. The main point I was trying to make is that those most often regarded as experts or authorities are usually less (lots of words I could use here; just fill in the blank…) than the average man, regardless of efforts to restrain and inhibit those who are inclined to consider issues beyond feathering one’s nest, and preening same, to be more important than consideration of consequences.

          • Robert Barricklow on August 12, 2021 at 4:09 pm

            Also, the phrase that seems apropos to these “experts” is:
            they can’t see the forest for the tree.

  2. Barbara on August 11, 2021 at 7:00 pm

    Didn’t we just sent the largest magnet to France, supposedly for the ITER fusion reactor use? Perfect cover up for trying to bring that Psyche16 asteroid closer to Earth

  3. Sophia on August 11, 2021 at 7:41 am

    I’ve also seen recent articles on Psyche 16 stating that there is enough gold in it to make everyone on Earth a billionaire; e.g.,

    Could this reflect Dr. F’s inference of two hidden groups (or factions of the same group) in conflict with one another in covertly directing human affairs?

    As for the name Psyche (Goddess of the Soul), she found all the cupboards filled with gold at Eros’ palace when she was brought there. Curious choice of names for a gold-rich asteroid. How could it’s discoverer have known of the gold?

    “Italian astronomer Annibale de Gasparis on March 17, 1852. He named the asteroid for Psyche, the Greek goddess of the soul who was born mortal and married Eros (Roman Cupid), the god of Love.“

  4. Lemuel Gulliver on August 11, 2021 at 12:52 am

    Well, asteroids are definitely part of the plan to weaponise space. And all the globaloney plans (wars, plandemics etc) include ways to make money on the side. So why not weaponise space And balance the books (or more likely just pocket billions) at the same time…?
    My feeling though is if this is Actually a valuable asteroid, then those that we know have been running this planet since at least the 1950s, or others more powerful than them from outside, will have first dibs on it. So take a ticket Mr. g.

  5. Kevin Ryan on August 10, 2021 at 10:41 pm

    Anakephalaiosis mentioned “pie in the sky.” Psyche 16 is the ultimate pie in the sky. I read the comments looking for that phrase. Something that valuable, how can we not go check it out? So there you have the excuse and cover story for going to this asteroid. But there’s another problem. We’re going to have to spend a shitload of dimes to bring home this piece of bacon. There ain’t no railroad to the asteroid belt, so we will need to spend a lot of money building the fleet of ships necessary to harvest this motherlode. And it’s a sure thing so how can we not do this? A month or two ago we were talking about dumping money into Far-Side-of-the-Moon operations to keep up with the Chinese and now we’re looking at throwing a megafortune away on an asteroid mining operation which is so unbelievably valuable we can’t pass up the opportunity. This smells a lot like an psychological op to get us to throw money away. Tons of money that will benefit who? The companies that have already made billions on our space efforts and have profited from reverse engineering alien technology from downed craft? Why are we being needled with these stories that pretend to be about one thing or another, but all aim at pouring billions and billions into space programs? I know a lot of climate change skeptics visit this site but we had an IPCC report drop in the past two days and you might have read The Uninhabitable Earth: Life After Warming. Getting into space is one way to deal those ugly climate issues. Genesis fans will remember the story of Noah’s ark. The Psyche 16 stories and “mining venture” sales pitch may be intended to funnel money into an Elysium stations program or a fleet of Noah’s arks.

    • anakephalaiosis on August 10, 2021 at 11:37 pm

      “Sixteen Tons” of Psyche, the space potato.

      “I can’t afford to die. I owe my soul to the company store.”

      Sixteen Tons – Merle Travis:

      • Loxie Lou Davie on August 11, 2021 at 7:37 pm

        Thanks for the memories, Anak!!

  6. Joe on August 10, 2021 at 9:29 pm

    The French have a saying:” The more things appear to change,the more they remain constant”Another take is”Once you’ve worked out that you’ve been taken for a ride and deceived so often by trusting and trading with the wrong crowd,figure a way out before Sh hits the fan. Pardon the French.

    • anakephalaiosis on August 10, 2021 at 11:15 pm

      Revolution ate the cake.

  7. marcos toledo on August 10, 2021 at 8:10 pm

    Today is my 72 birthday twenty days after Apollo 11 landed on the Moon I turn 20. What has NASA BEEN DOING FOR THE LAST FIFTY-TWO YEARS? It dropped the ball but what can you expect from the CSA they don’t want us thralls being infected by Drapomania and stealing ourselves from our masters here on Earth BY GOING TO THE STARS. Yes Canticle For Leibowitz is a great science fiction novel the best we could hope for is The Guardians by John Christopher a science fiction novel for juveniles

    • anakephalaiosis on August 10, 2021 at 11:15 pm

      Thralls took a day off.

    • Loxie Lou Davie on August 11, 2021 at 7:39 pm

      Happy Birthday, Marcos!!! 😉

  8. dioscuri on August 10, 2021 at 5:14 pm

    Couple thoughts on “mining” asteroids. Firstly, the couple of undersea movies in the ’80s, Leviathan and Deep Star six, I can’t imagine that there aren’t any commodities on the sea floor that aren’t worth a pretty penny. I have a hard time believing it was purely coincidence that Japan announced it had found a lithium deposit off shore shortly before the 2011 tsunami. Also, maybe around 2011-ish(thanks to a National Geographic issue) the US had announced it was ‘extending’ it territorial claims 500 miles off shore into the ocean of any territories.

    Secondly, I wish I could remember that specific episode but the 1950s Outer Limits had what was presumably a Nasa office building full of ‘space personnel’ and one of the main characters door read–
    Head of Asteroid Mining.

    But what seems most ‘telling’ is the name ‘Psyche’ and what is Nasa’s real mission directive? Or I mean Not A Space Agency?


  9. ats on August 10, 2021 at 3:59 pm

    Excellent analysis on the trend Dr. Farrell, as always.

    I have another avenue of evidence for the EPH that you will like, from the biological realm of Earth.

    The absorption spectrum for chlorophyll has three main spikes. The largest absorption spike is in the wavelength that corresponds exactly to the sun’s emission wavelength. The second spike corresponds exactly to the moon’s emission wavelength. The third and smallest spike corresponds exactly to the emission spectrum of liquid water, not gaseous or solid H2O.

    During the day, the sun’s energy emissions naturally overpower all the other wavelengths of light and plants rely on this energy, but, the plants that outcompeted all other plants were the ones that were able to photosynthesis from the moon’s light emission for the other half of the day.

    What, pray tell, source of liquid water in the sky is emitting light at night enough for plants to have evolved an affinity to its wavelength?

    In the same vein, if we somehow managed to grow ancient seeds and check their chlorophyll’s absorption spectrum, we should be able to see when the moon was placed where it is.

    • Wu Wu on August 10, 2021 at 4:33 pm

      EPH = ?

      • ats on August 10, 2021 at 5:55 pm

        Exploding planet hypothesis.

  10. Chris on August 10, 2021 at 2:52 pm

    Such articles are probably directed at different people for different reasons.

    The message to the credulous masses is probably along the lines of “Blessed Saint Leibowitz, Keep ’em dreaming down there,” from Michener’s Space. The operative words being “down there” on the reservation of our planet, thus keeping the illusion and mythos of human space travel, alive and thus attempting to alleviate the psychological impacts of our confinement here, creating a fictional “frontier” for “Human Beings.” A sort of psychological lebensraum, or breathing room living space.” Michener was a capable researcher and would have sussed fairly quickly that there were numerous problems with the Apollo Legend, one of which was radiation and so he wrote extensively on this subject in the book, as though explaining how the problems were overcome. Then he killed some of his astronaut characters in a similarly mythical Apollo 18 flight, with that radiation. The last words of one of the dying astronauts are the above quote referencing another Science Fiction novel, A Canticle For Leibowitz, which is about the cycle of human civilization and its inevitable self-destruction and the efforts of a secret society, clothed in the raiments of religion and “in the know” that is trying not to break this inevitable cycle, but to break away from it—into outer space. Thus, a secret Breakaway Civilization, of sorts. I suggest that any group that allows only one narrative is, essentially religious, reliant on faith based reasoning, and inherently monotheistic in terms of its propagated mythos—much like our own divergent mob and their Dreamland escapades—though, unlike Walter Miller’s fictional presentation, the fictional rationalizations of our wayward crew of would-be survivors are potentially far less admirable and noble in their intent. To quote another Science Fiction masterpiece, Dune:

    “ Again Paul felt the offense against rightness. He said: “You take a lot on yourselves.”
    The Reverend Mother stared at him, wondering: Did I hear criticism in his voice? “ We carry a heavy burden,” she said.”

    This burden, of course, is the one disseminated by the rage monsters to those intelligent, ethical, and moral who are yet essential or at least useful to their causes and purpose. We are trying to save “humanity” from:
    1) asteroids
    2) solar particle events
    3) Aliens
    4) itself
    5) etc.

    For those lingering CIA Analysts, Billionaires, Technicians, Inventors, Theorists, et al. There must be various signs and confirmations within the culture at large, that they can pick out amidst the background chatter, that will seem to confirm the narrative of which they are a part. For instance, if you believe you are working to “save” “humanity” from an Alien threat, you will find reinforcing media confirmation of this in a way that will also instill a semblance of empowering secret knowledge. Thus you can go on contriving doomsday weapons or massacring millions “for the greater good,” and with the rationalizations of a pure and noble heart.

    With all of the secret unspoken narratives out there used to motivate these tools, there will be a fair number of seemingly random and bizarre, mediated inserts such as this one. For example, this asteroid might be aimed at Idiot Businessmen, investors, billionaires on the one hand, and those primed with “secret Knowledge” of past planetary destruction, on the other. In a mediated mythos/reality in which political scientists assert that farts convey respiratory disease, any sort of outlandish gibberish can be insinuated into the one sided narrative as confirmation to the frightened and gulled at every level.

    Although gravity control or manipulation in some fashion seems probable, I remain skeptical that human beings have made it beyond the earths magnetic field and survived. The evidence presented for going to the moon is actually as dissuasive to me as that proferred for The Magic Bullet, 9-11, The Martian Arctic Lemming, and the Covidian Cult beliefs. Gravity manipulation could solve the problems of radiation, microgravity sickness, propulsion and so forth but I still need convincing that we can survive cut off from our biosphere or the rest of the organism of which we are a part. I could be wrong or manifesting my own faith based reasoning or Beliefs, but…the “evidence” doesn’t do it for me—especially in light of what we now know about the gullibility of the masses….

    I think I’ve made a hash of this analysis of the asteroid propaganda. But c’est la vie. One other thing. Has nanotech dropped off the radar of late, sort of like electrogravitic propulsion did back in the fifties? I would think the transformative alchemies of that medium, along with those afforded by unlimited energy, would be far more likely to yield necessary elements than mining in outer space. Still, outside of human implantation, I don’t see much on that technology anymore.

    • Allen S on August 10, 2021 at 4:18 pm

      Interesting, intelligent comments. Well said. A Canticle For Liebowitz brings back memories. Reminds me of The Bead Game by Hermann Hesse re: future dark ages (Magister Ludi, if recalled accurately). AI insists I use the term “ludicrous” though it seems I have, for the moment, prevailed. Never thought books read 50 years ago would have more meaning decades later. Lastly, James Michener was one of the best. I knew a book seller who visited him at his home. She was impressed by his modest quarters and personality.

      • Robert Barricklow on August 10, 2021 at 6:08 pm

        Read many of his fictional historical novels.

        • anakephalaiosis on August 10, 2021 at 11:13 pm

          Paul Atreides drunk dragon blood, and overcame feminism, in the blind spot.

  11. DanaThomas on August 10, 2021 at 12:47 pm

    “Play it again, Sam”.

  12. Robert Barricklow on August 10, 2021 at 12:08 pm

    The PSYCHE asteroid operations are highly stacked on the dark side.
    Anti-matter of fact; probably stacked w/an anti-life op as well?

    • Wu Wu on August 10, 2021 at 3:18 pm

      “They” seem to already have monetized our collective psyche, now they are out to weaponize it as well.
      They’re all out to launch( sic).

  13. FiatLux on August 10, 2021 at 11:14 am

    You’re hardly crazy. Since few of us mere mortals are going to be able to go out there and actually see what’s going on, and since those who do will be compelled not to disclose what they’ve seen, “space mining” is the ultimate cover for any number of things. These people rarely invest hundreds of billions without getting dual, triple, or quadruple uses out of the investment. Financial fraud, scientific investigation, new technologies (which are never without motives of profit, warfare, and/or control), verification of stories from ancient texts… all are possible and none are mutually exclusive.

  14. Blair Phillips on August 10, 2021 at 11:02 am

    Logic suggests that Psyche 16 is a grab bag of resources the owners of this planet want to harvest. They got Trump to go along with space force but this new fake commercial mining aspect that will be presented to the public will be a more peaceful slant on the same idea. We’re going to start working in space and use its resources and of course we’ll need to protect the miners with our own Democrat version of Starfleet Command. A primarily peaceful organization but ready to “keep the peace” if necessary. Think about all the Trillions!

    Trump did space force —thinking he would be able to defend us in the push out to space where we would begin economic activity. The current con is that were going out for economic reasons but eventually they’ll let us know they can defend us as we harvest all the goodies in space. Think about the cool Starships!

    The Message is: we’re going to space so get ready to work and fight in space. Don’t think about trying to stop us.

    • Laura on August 10, 2021 at 3:30 pm

      And please fill the space industry tin cup with tax dollars. We will have to repeat the asteroid adventure story so that payment feels like it is overdue.

  15. Joseph Aiello on August 10, 2021 at 10:13 am

    Maybe they keep trotting out these massively valued asteroids to say , “See, our debt really isn’t that much.”

  16. resemblance of me on August 10, 2021 at 9:35 am

    good day all!
    to me this asteroid worth so much is you and me -US!! our psyche!! mining us vis a vis hemoglobin- ferrochrome- memories in our water/ gases. ..
    just a few days ago there was a post on military use of precognition. ingo swan’s experience into govt psyche research is quite informative.
    for those gamers here- assassin’s creed begins with current modern scientists(templars) trying to hack into the past life memories of planetary guardians ( former assassins ( incarnated presently into ordinary folk lives) . this is done essentially through AI driven past life regression. AI is functioning as the therapist guide. AI being employed here to search for those weapons of galactic destruction – those that Mr Farrel speaks of in his books. davinci code alluded to.
    i wonder if part of the reason we humanoids and our numerous species are subjected to so much radiation/heavy metal pollution is to use the metals as an investigative alchemical platform .

    • The Elephant Underground on August 11, 2021 at 8:26 am

      “i wonder if part of the reason we humanoids and our numerous species are subjected to so much radiation/heavy metal pollution is to use the metals as an investigative alchemical platform…” Will pose this for further discussion in Elana Freeland’s new protected chat space on the Geoengineering . It’s a brilliant question she could expand upon based on her fantastic research coupled with her Steiner perspective. Thanks Resemblence of Me.

  17. Michael UK on August 10, 2021 at 6:12 am

    Well Psyche is certainly an enigmatic asteriod!
    Scientists wonder whether Psyche could be an exposed core of an early planet that lost its rocky outer layers due to a number of violent collisions billions of years ago. I wonder what is collided with?
    NASA artist’s sketch is indeed intriguing!

  18. anakephalaiosis on August 10, 2021 at 5:53 am

    Unable to deliver advertised aliens, as promised, and much anticipated, asteroids become the next best thing.

    Unable to deliver cataclysmic flying rocks, that wipe out dinosaurs and polar bears, a tiny frog hits the pond.

    It is a fallback position, attempting to enchant sheeple, by selling them cosmic debris, as pie in the sky.

    The sales pitch says, that the firmament is plastered, with six million twinkling gemstones.

    H. G. Wells’ “pot of message”:

    • Mick Yates on August 10, 2021 at 6:56 am

      Reading your post, thought of Frank Zappa lyrics….
      “To pay him his regular fee
      He would drop all the rest of his pressing affairs
      And devote His Attention to me
      But I said
      Look here brother
      Who you jivin’ with that Cosmik Debris?
      Now what kind of a mask man are you anyway?”

      Hmm, don’t mind me – I’m on a tangent (Again)…

      • Katherine Szabo on August 10, 2021 at 9:54 am

        Is that a real poncho or a Sear’s poncho? I’ll be singing all day now.

    • KSW on August 10, 2021 at 10:01 am

      We’ve paid taxes all of our lives, so what our share of this asteroid booty?

      • FiatLux on August 10, 2021 at 11:05 am

        Oh darn, didn’t we tell you? We lost your share in an undocumentable adjustment…

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