A “LITTLE” UPDATE TO THE BEARER BONDS STORY

It's been quite some time since we've had to deal with the "Bearer Bonds" story, but it's a story that will not go away, notwithstanding every effort of governments and banksters to make it do so. You might recall the story from my books Covert Wars and Breakaway Civilizations, or Covert Wars and the Clash of Civilizations, or my presentation on the subject at the 2014 Secret Space Program Conference in San Mateo California:

Well, the bearer bonds are back in the news again, according to this story that was spotted by M.D. and shared with us (for which we are grateful):

Stumble in Bizarre Case of $750 Billion in Bonds

If one has read those books, or for that matter, watched my presentation, I address most of the issues raised in this short article, which begins with a bang:

A Pennsylvania man says he still hopes to “repatriate” 750 U.S. bonds allegedly worth $1 billion apiece, despite a recent dismissal by a federal judge.      Though U.S. District Judge Mary McLaughlin said Joseph Riad waited too long to claim that a rogue Homeland Security agent stole 15 of his $1 billion bonds, there are allegedly 735 more stashed in a bank vault outside Philadelphia.     “Our position [that the bonds are authentic] doesn’t change,” said Riad’s attorney, Al Iacocca of West Chester, Pa. “We’ve got the science behind it.”     Iacocca rejects the Department of Homeland Security’s claim that the 15 confiscated bonds are fake.     A former high-ranking security official with the Federal Reserve Bank of Dallas authenticated the bonds after an inspection, the lawyer says.     The docket contains a report purportedly from that man, Kermit Harmon. The document says Harmon examined the bonds with “a level of due diligence well above superficial, but not with laboratory precision.” (Emphasis added)

Now, if you've been following the story of the Bearer Bonds in my books or on this site, you'll know that this is quite a substantial development. Prior to this, no one with any expertise was claiming that the billion-dollar-denominated bonds were genuine. Now, apparently, someone with the Federal Reserve Bank of Dallas is claiming that they are authentic. This is highly significant, since as I pointed out in Covert Wars and Breakaway Civilizations, the Spanish Bearer Bonds case was about trillions of dollars in billion-dollar-denominated bearer bonds, plus 100,000 dollar gold certificate bills that were banded and wrapped in the Chase Manhattan Bank banding with its corporate logo, all being found inside a strongbox in Spain that allegedly belonged to the Dallas branch of the US Federal Reserve System!

So in other words, according to the article, someone connected with that bank is now willing to state that fact, as an expert in a court case and apparently in contact with a legal team involved in a case in Pennsylvania. The man is even named: Kermit Harmon.

That development alone is huge.

Not surprisingly, the article goes on to note that attempts to contact Mr. Harmon by phone have failed.  (It does not take much imagination to understand why that is. There are three major possibilities among many minor ones: he's either hiding in fear of his life, or someone has hidden him, or his alleged role in the story has been completely misrepresented and he wants nothing to do with it.  In any case, who can blame him?)

Then the article goes on to repeat the very same talking point I responded to in the 2014 San Mateo presentation:

Assistant U.S. Attorney Gerald Sullivan declined to comment on the case, but intimated in a brief that the bonds are bogus.     He cited a Chicago case filed in 2000 over a Spanish man’s claim to $25 billion in supposed federal bonds.     A 7th Circuit judge called that now-dismissed claim “preposterous.”     Claims to mega-value bonds are not new.     The Secret Service calls them “fictitious,” as opposed to “counterfeit,” instruments, saying their incredible face values make them so obviously fake that there is little chance achieving deception.

What is interesting to note is that not only is the same old argument that the government has used before is being trotted out again - the bonds are obviously fake because no such bonds  were ever issued and therefore the deception is simply some kind of elaborate hoax, a clear case of circular reasoning if there ever was one - but that now the claim is having to be made in court.  As I pointed out in San Mateo, however, this kind of "argument" is not an argument at all; it is mere assertion, and it does not deal with the implications of the elaborate nature of the "hoax": billion-dollar denominated bonds are not so fanciful or fictitious as one might assume, especially in an age of a federal debt now over $40,000,000,000,000 and derivates over $14,000,000,000,000,000. So the argument that such large denominations are "fake on the face of it" simply flies in the face of current financial realities. But further - and again as I pointed out in my talk in San Mateo - one does not go to all the cost and expense to counterfeit things that do not exist simply because they cannot be redeemed even at sharp discount. One does not counterfeit seven dollar bills. One counterfeits fives, tens, twenties... perhaps even all the way up  to the 100,000 dollar denominated gold certificate bills that were only meant for circulation among the banks of the Federal Reserve. (How appropriate that Woodrow Wilson's visage is what peers out from the $100,000 bill, he who signed the whole central bank into law!) Furthermore, one does not put all these bonds and gold certificate notes into a strongbox bearing the name of the Dallas Federal Reserve, which box itself would have had to have been hoaxed.

No, the government's position makes even less sense now than it did then. But now they are having to go on record.

But there's even more. Joseph Riad, the man bringing the case for the authenticity of the bonds, let drop another little bombshell:

Riad told Courthouse News that he works in the gold-buying business. He claims a representative of the South African government gave him the bonds to settle a debt.     Iacooca says his client simply wants a formal government assessment and report concerning authenticity.     “Riad has been trying to reach for many years a resolution of the veracity of … the bonds,” he said.     “We have never gotten a formal declaration.”     “I have direct expert reports, direct evidence that they are real, and documents that can be further inspected,” Iacooca said.     Riad said federal agencies and legislators have spent years shuffling his attempts to return the bonds.     He said he’d like 1 to 5 percent of their face value for turning them in.     “I’m gonna have to be dealt with sooner or later,” Riad said. (Emphasis added)

Billion-dollar denominated bonds given by a representative of the South African government to settle a private debt with a private gold-trader? Let the implications of that one sink in...

...ponder it for a few moments... ponder it carefully...

...for if the assertions of that statement are each true, then it means that the debt was settled by someone willing to discount the bonds sharply (can you imagine a sovereign government in debt to a private gold trader to the tune of billions? it might happen, but it is highly unlikely, and that means the debt was settled at a sharp discount on the par value of the bonds). It means something else, equally weighty and important: if the allegation that this was a debt settled by a representative of the South African government in payment of a debt, then the bonds are being used and traded - even at a sharp discount - as legitimate financial instruments, and that in and of itself implies the existence of a hidden system of finance, exactly as I have been arguing all along, only in this case, it means that that hidden system now has its own "outliers" and its own black market, a hidden system within a hidden system....

...and Mr. Riad is talking about it in open court, and the government attorneys are reduced to reproducing the same old non-arguments in open court.

In short, even if this does not go anywhere, the story of the Bearer Bonds will accrue new details, and with each new accrued detail, the truth gets nearer to coming out.

This may turn out to be as significant a case as Coyote vs. Acme, because it's already, just from this short article alone, proven to be as entertaining to watch the mad Looney Tunes scramble to keep the whole thing hidden...

See you on the flip side...

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