More Strange Deaths: Yet ANOTHER Banker Death, And A Bioterrorism Expert

Source: GizaDeathStar.com
Dr. Joseph P. Farrell Ph.D.
March 7, 2017

Just when you thought there couldn’t possibly be another banker jumping off the top of buildings, it has happened again, and in a strange context, for there has been a death of a bio-terrorism expert as well. Let’s take the banker death first, then the bioterrorism expert’s death, and then my “high octane speculation of the day.”

The following article and many like it were spotted by regular readers here and I received a number of versions of it from many people, so thank you to all of you who noticed this story. Here’s the New York Post version:

‘Depressed’ Wall Street exec jumps to his death

The article states that Mr. Kevin Bell, a 47 year old investment banker, had been depressed, on medications, and of course, jumped to his death. Implication: suicide because of “depression.” Nothing to see here, move along. My heart certainly goes out to his family.

This said, there is a disturbing pattern here, for the unfortunate Mr. Bell does fit a pattern we’ve seen elsewhere, of bankers in London, Paris, and Hong Kong walking off the rooftops or high balconies of buildings, or walking in front of trains, and so on. In one case, of course, we’ve seen the death of a banker in the mortgage business dying of several nails from a nail gun to the head. And in one instance, death by gunshot – ruled a suicide – even though the victim-shooter managed to put the gun that did the deed into the glovebox of his car, after the deed.

In Mr. Bell’s case, after the article manages to mention his depression and that he was “taking medications”, with the clear implication of Mr. Bell’s death being a suicide, the Post article then mentions this little tidbit, a “tidbit” I cannot help but qualify as “greasy and suspicious”:

Bell, a graduate of Duke University, worked at Arrowgrass Capital Partners, where he was head of credit risk, according to his LinkedIn page.

He previously worked at Saba Capital Management, Citadel Investment group, Citigroup and Deutsche Bank, according to his page.

And, incidentally, the building in which Mr. Bell and his family lived, was apparently the site of another suicide:

A man who works in a nearby doctor’s office was stunned about the suicide.

“Oh my God, another one?” he said in disbelief. “Somebody committed suicide a few months ago … on the other side of the building. I can’t believe it, it’s almost exactly the same thing, but just around the side.”

Obviously, if you’ve been following the Deutsche Bank saga as I’ve outlined it on this website and as other researchers have been following it, you’ll know that that bank is up to its earlobes in financial practices of a “dubious” nature. Consider only the strange scam involving Europe’s oldest bank, the Banca dei Paschi di Sienna
See: https://gizadeathstar.com/2017/01/eye-looming-storm-bankster-deaths-missing-money-deutsche-bank-part-two-promis-will-float/

Then, of course, there is Deutsche Bank’s strange appearance in the events of 9/11 via one of its offshoots placing trades that would tend to indicate prior knowledge of the event (not surprising, given it’s connections to the (out)House of Saud as I outlined in my book Hidden Finance, Rogue Networks, and Secret Sorcery). And Mr. Bell is not the only banker with a connection to the big German bank who has turned up dead by suicide. Additionally, Mr. Bell fits another pattern embedded within some of the banker deaths, namely, he was involved in credit risk assessment.

Turning from this death to another recent one requires a bit of background introduction. During the Reagan years and on into the Bush-Clinton years, another pattern of strange deaths emerged: physicists – and particularly those working on some aspect of Reagan’s Strategic Defense Initiative – were similarly jumping off bridges, or jogging when they inadvertently ran in between two oncoming cars and were literally smashed to death, or dying in a variety of other strange – and of course, “suicidal” –  ways. These deaths were, at that time, a topic of major focus on what was then the early “alternative media”, and of course, the conspiracy theories about them abounded, the most popular being that the KGB was behind them, in an effort to sabotage Mr. Reagan’s pet “Star Wars” project.

Then the pattern shifted away from the deaths of physicists and scientists whose expertise could make or break the Strategic Defense Initiative, to biophysicists, geneticists, and “experts in bioterrorism.” Again, similar types of bizarre “death by suicide” were reported: people jumped off bridges and buildings (or were thrown off), took a jog between cars, and so on. Which brings us to this unusual story from the St. Louis Post-Dispatch and shared by Mr. V.T.:

A man killed Friday while riding his bike in the 10600 block of Riverview Drive has been identified as a St. Louis University professor and bioterrorism expert Robert Mark Buller.

Buller, 67, was a professor in the department of molecular microbiology and immunology at SLU. The university posted an obituary that said he was “one of the nation’s foremost poxvirus researchers.”

“He was a member of multiple national committees and governmental advisory groups, some that advised the intelligence community on biodefense,” SLU said in its obituary.

Buller’s lab at SLU researched gene therapy, vaccines and antiviral drugs as treatments for smallpox and a number of other lethal viruses, the obituary said.
So we have a bio-terrorism expert whose specialty was poxes. And, conveniently, in recent years all small pox vaccines were allegedly destroyed because (we were told) the disease had been completely eradicated.
Uh huh…
But what I found interesting here is the report of the accident which took the life of the unfortunate Dr. Buller. Here’s how Christine Byers and Nassim Benchaabane describe it in their St. Louis Post-Dispatch article. See if any of this resonates to other events in recent months:

Police said Buller was killed shortly before 6 p.m. Friday in the 10600 block of Riverview Drive. A 48-year-old man driving a Ford E-350 tried to pass Buller on the left. Buller, of the 7400 block of University Drive, then swerved left. He and the vehicle that was trying to pass him went into the northbound lanes of Riverview Drive.

An oncoming Audi A8 driven by a 56-year-old man then struck the vehicle and Buller, who was pronounced dead at the scene, police said.

The driver of the Ford E-350 stayed and cooperated; his passengers, an 8-year-old boy and a 44-year-old woman, and the driver of the Audi were taken to a hospital in stable condition, police said. (Emphasis added)

Sound familiar? If not, it should…

… for I cannot help but think that Dr. Buller probably was a safe driver, and probably had few, if any, accidents in his driving live.  Yet, like Mr. Putin’s chauffeur, he serves in front of a truck trying to pass him, thus veering into oncoming traffic in the opposite lanes, forcing the driver trying to pass him into the same oncoming lanes. Dr. Buller was most likely an alert driver, and would have seen the truck attempting to pass him, and nonetheless swerves in front of it.

Death by remote control of car. Suicide.

The question is, are such deaths related? Herewith my high octane speculation of the day. Indeed, I emphasize that I’m crawling out on to the very end of the twig here, where the weight of the speculation (a lot) far exceeds the evidence to support it (none).  What unites the “Mysterious scientists’ deaths” of recent decades is their involvement with black projects. What those projects would need are sources of deeply black off-the-books financing, and as I’ve averred before, I strongly suspect that many of the recent banker deaths are because, at some level, these unfortunate people either saw something on their balances sheets, or heard something, or were beginning to connect some dots. I suspect, therefore, if one were to assemble a database of these mysterious scientist deaths on the one hand, and banker deaths on the other, some interesting patterns and connections might emerge.

See you on the flip side…

Read More At: GizaDeathStar.com
________________________________________________

About 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”.

A Perspective On Ambassador Churkin’s Death From Sputnik…

Source: GizaDeathStar.com
Dr. Joseph P. Farrell Ph.D.
February 25, 2017

Last Thursday during my News and Views from the Nefarium I pointed out that others are beginning to pick up on the “pattern” that seems to be emerging with the deaths of highly placed Russian officials or ambassadors. I suggested that we were looking at a full scale “mafia” war taking place, with one “family” taking out the “soldiers”, in this case, diplomats and other highly placed officials, of the other. Citing an article of Adam Garrie that appeared on the website Global Research, I pointed out that this site, while not officially tied to the Russian government nor any of its media organs, does take a more or less consistent pro-Russian point of view. Because it appeared on such a site, I suggested that if Russia suspected a pattern to these deaths, it would signal this via its official organs, and that, if the activity continued, a response would eventually be made.

As I’ve said on many occasions, two can play the covert operations game. I suggested, however, that this response would come in the form of highlighting western covert operations activities.

Well… no sooner said than done, for in this week’s pile of emails, I found the following stories shared by Mr. D.S.M. First, there was a short message of condolences to Mr. Churkin’s family and to the Russian government from President Trump:

Trump Administration Issues Statement On Death Of Russia’s UN Ambassador

However, a much more thought-provoking article appeared in Russia’s Sputnik online magazine, indicating that Mr. Churkin had apparently, as early as 2015, been involved in the investigation of – sit down for this one – human organ trafficking rings in Kosovo:

Russian UN Envoy Slams Delays in Kosovo Organ Trafficking Investigation

I cite almost the entirety of the Sputnik article:

MOSCOW (Sputnik) — Last month, the West urged Kosovo to create a court to look into the matter after the allegations of organ harvesting were first mentioned in a 2010 report to the Council of Europe.

According to the document, perpetrators killed Serb captives to remove and sell their organs during the war.

“There have been delays in establishing the Special Court to investigate the crime carried out by the KLA including the trade in human organs,” Churkin said.

Now it does not take much “high octane speculation” nor “high octane imagination” to see how this connection might spill over into a whole range of connections to similar brewing and simmering scandals in the news, such as child trafficking, Pizzagate, sex trafficking, human trafficking, organ harvesting, abortion mills… you name it. If indeed Mr. Churkin was mentioning such things in 2015, then it was with the knowledge and perhaps even the instruction of the Russian government itself. This implies, in its turn, that the Russian government was investigating such things on an international scale.

If this “reading between the lines” is correct, then Russia was sending messages via its principal ambassador to the world’s principal international body, the U.N., and doing so prior to the current scandals concerning such things that have emerged in the American, Canadian, British, and other western press. One is thus tempted to view Churkin’s death with an even more jaundiced eye, and to suspect that perhaps his untimely death was engineered as a warning by those parties conducting such activities for the Russians to “back off,” which, of course, I highly doubt they will do.

Within this context, it is perhaps significant that one of the Presidential Executive Orders which was issued by President Trump shortly after the confirmation of Mr. Sessions to the post of Attorney General, explicitly mentions international human trafficking in its main text:

Presidential Executive Order on Enforcing Federal Law with Respect to Transnational Criminal Organizations and Preventing International Trafficking

Interestingly enough, as all of this is occurring, many members sent me the following story in which it appears the Russian government is officially getting into the “infowars” game, and specifically labeling various articles in the Western press as “Fake News”:

Examples of publications, retranslating false information about Russia

As the reader will have noted, this is the official website of the Ministry of Foreign Affairs of the Russian Federation. Surprisingly, the following article links to a Santa Monica Observer article which the Russian website says is “Fake News”:

Vitaly Churkin is 5th Suspicious Death of Russian Diplomat in 3 months

However, one wonders exactly why the Russian government has so labeled the article: is it because it raises the question of the pattern of deaths of high Russian officials? Or is it because of something else? Personally, I find this suspicious, because as I pointed out in last Thursday’s News and Views from the Nefarium, the same pattern was discussed on the Global Research website, which, again, while not being an official media organ of the Russian government, does have a consistent pro-Russian point of view. All one is told on the Foreign Ministry website is that the Santa Monica Observer article “puts forward information that does not correspond to reality.” One is left to guess what this information is, according to the Foreign Ministry.

I suspect, however, that here as elsewhere, one must parse the statement carefully: “information” would imply that there are details within the article that the Russian government disputes. But perhaps what is not being disputed is the overall pattern itself.

Whatever one may suspect here, three things seem clear: (1) Churkin appeared to be familiar with Russian government investigations of human trafficking organizations and, as a diplomat, would have had the sanction of his government to raise the issue in the context of Kosovo; (2) the people running such organizations would therefore have a motive to remove him; and (3) the Trump administration itself, per its executive order, has explicitly stated that such organizations exist and that said organizations are international in extent and organization. In this context, it would seem that the Russian government, in qualifying the Churkin article as “Fake News” and stating that it contains “information” not corresponding to “reality” might be referring to the tangential details concerning Churkin’s love life and the places and circumstances of his death. For the moment, we don’t know. But for the moment, there is I would aver a larger context from which the event might be viewed, and that is the whole emerging issue of human trafficking and the international organizations conducting it.

See you on the flip side…

Read More At: GizaDeathStar.com
________________________________________________

About 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”.

Requiem for the Suicided: Terrance Yeakey

Source: CorbettReportExtras
James Corbett
February 10, 2017

Show Notes and mp3: https://www.corbettreport.com/?p=524

In this edition we turn the focus of our open source investigation to Sgt. Terrance Yeakey, one of the first responder heroes at the scene of the OKC bombing who discovered something that conflicted with the official story of the bombing…something that cost him his life.

Manhattan DA Office To Open Investigation Of Case Connected To J.F.K…

Source: GizaDeathStar.com
Dr. Joseph P. Farrell
February 4, 2017

The old Chinese proverb says “May you live in interesting times,” and they are certainly that. In fact, I don’t know about you, but I’ve never seen things – such strange things – happen so quickly, and in such immediate succession, one right after the other, like the rapid fire of a machine gun. And this article, shared by Mr. S.F., is such a strange one, with such huge implications, particularly in the present political and cultural context, that it prompts all sorts of high octane speculations. In fact, when I read it, I was frankly shocked.

Manhattan DA’s office probing death of reporter with possible JFK ties

But first, a little background. I’m old enough not only to remember when President Kennedy was brutally and unceremoniously gunned down in Dallas, but I am also old enough to remember Dorothy Kilgallen, an attractive woman, and certainly a sharp and dogged investigative reporter, back in an age when we still had them. While I was too young to have been a reader of her typically provocative columns (she was one of the first in the major media to have the courage to give the UFO serious, and non-debunking, coverage at a time when it was suicidal to careers to do so), she was a regular panelist on the old CBS game show, What’s my Line, hosted by John Daly. I remember watching her, blindfolded like the other panelists, trying to guess the identity of the guest, based on questions. Typically, she was also able to zero in very quickly and often correctly identified the guest.

Then, Kilgallen wrote a column about the JFK assassination, expressing doubts about the official story, and told friends – after visiting Jack Ruby in his jail cell in Dallas, and traveling to New Orleans for more “field investigation”, that she was going to blow the whole assassination wide open. And that before New Orleans District Attorney Jim Garrison’s now famous trial of Clay Shaw. Indeed, there are some who believe, not without some justification, that Ms. Kilgallen’s investigations formed some of the backdrop for Garrison’s. It’s a hypothesis I have entertained, but we’ll never know for sure. Then, before she could publish anything, Ms. Kilgallen was found… dead in her apartment in Manhattan.

This, too, prompts personal memories for me, for I remember hearing the CBS news report the story of her death. Walter Cronkite, in his distinctive monotone, delivered the news. The story was she had mistakenly taken a barbituate and alcohol, and died. Or choked to death. Or something. But… it clearly wasn’t murder. Nothing to see here, move along. While listening to Cronkite monotone his way through the story, my father, ever skeptical of the official explanation for the Kennedy assassination, grunted, made a scatalogical and bovine reference, and muttered that she was killed to silence her on the subject.

Which brings us to the article, and to my geosynchronous orbital speculations of the day.

Consider the bland report of FOX news on this story:

The Manhattan District Attorney’s office is looking into the mysterious death 51 years ago of newspaper writer and “What’s My Line?” star Dorothy Kilgallen, who was investigating the JFK assassination, The Post has learned.

The stunning development comes after a new book, “The Reporter who Knew Too Much,” suggests Kilgallen was murdered to shut down her relentless pursuit of a Mafia don linked to JFK and Lee Harvey Oswald.

Joan Vollero, a spokeswoman for DA Cyrus Vance Jr., confirmed that a staffer has read the book, and reviewed a letter from author Mark Shaw citing new leads, medical evidence, and witnesses overlooked when Kilgallen, 52, died suddenly on Nov. 8, 1965 at the peak of her career.

And that, as you can see, is indeed almost all of the article.

Ms. Kilgallen was found dead in her apartment 52 years ago.

So, I am wondering, and probably you are too, why the Manhattan District Attorney is “poking around” a “case” –  if one can call it that – that is fifty-two years old? I say “case” because no official finding of murder was ever involved, so it’s not even in a cold case file. So again, why “poke around” 52 years later? The article would have us believe that the Manhattan DA’s office is responding to a certain amount of pressure. Pause and consider that one for a moment: in one of the busiest legal jurisdictions in the country, with real crimes to investigate and adjudicate, with the perpetual problem of not enough investigators and too many crimes, would…

Continue Reading At: GizaDeathStar.com
________________________________________________

About 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”.

At The Eye Of A Looming Storm? Those Banker Deaths & More Missing…[Part 2]

Banksters
Source: GizaDeathStar.com
Dr. Joseph P. Farrell
January 29, 2017

Yesterday I began this two part blog by noting an important article that appeared in Bloomberg Business Weekly, authored by Vernon Silver and Elissa Martinuzzi, concerning how Deutsche Bank made billions disappear from its books. At the end of that blog, I noted the banker deaths that mysteriously surrounded the Deutsche Bank transactions with Michele Faissola and the Italian Banca dei Paschi di Sienna, a bank in continuous operation since the Renaissance. I also noted Bloomberg’s “take” that this transaction was a microcosm of Deutsche Bank’s other operations. Finally, I noted that the banker deaths were not confined to associations with Deutsche Bank, but that they engulfed other prime banks and even some insurance institutions in the Western financial system, among them J.P. Morgan Chase. So to refresh our memory, we have the following elements:

(1) Derivatives trade, which comprise in part mortgage-based securities, that are tied to “triggers” such as interest rates;

(2) Deutsche Bank’s role in helping rig the LIBOR(London Inter-Bank Offered Rate), one such “trigger”;

(3) the global phenomenon of banker deaths, which I now hypothesize is an indicator that Deutsche Bank’s practices are, indeed, not confined to that bank alone but part of a systemic “operating procedure” for purposes yet to be speculated about; and,

(4) the details of the Deutsche Bank-Banca dei Paschi di Sienna transaction, currently being investigated and adjuticated in Italy.

Let us refresh our memory on the details of that last point, for they bear directly on today’s high octane speculation, which I have titled “I PROMIS you it will Float”:

That’s typically a red flag to auditors and regulators, and it took almost a month for Deutsche to alter the deal so it contained a small amount of actual risk. The bankers did this by mixing in two interest rate triggers—that is, prices to be fed into a formula that would determine how much money the participants in the trade had to pay or receive from each other. But that created a slight possibility that Paschi could win both sides of the bet. To mitigate this potential Deutsche loss—as much as €500 million—Deutsche added a third trigger. Underlying the now complex flowcharts of rates, payments, and triggering events was the asset on which the transactions were to be based: about €2 billion in Italian government bonds.

Further illustrating the incestuousness of the deal, Paschi would need to buy the bonds and hand them over to Deutsche as collateral. Deutsche, for the sake of its own accounting, would need to sell the bonds to come up with cash that it then would give right back to Paschi to pay off the Santorini loss. And Paschi would buy the bonds in the first place from a third bank that had bought them from Deutsche.

Now notice that this is simply a circular “triangle” designed to facilitate the accounting practice that would allow the whole transaction to be kept off the balance sheets:

Deutsche also benefited from the way it accounted internally for its side of the deal. That complex shuttling of Italian bonds? The bank decided that all of the back-and-forth maneuvers canceled themselves out and did not need to appear on its balance sheet. Deutsche began to apply the practice to transactions around the world, totaling more than $10 billion that never showed up on its books and making the bank look smaller and less risky than it really was.

But what is really going on? I suspect it has a great deal to do with a method of generating money and keeping that money off the books, a method known as the “float.” (There are actually two kinds of floats here, but we’re only considering one of them in this exercise of high octane speculation). Investopedia defines the first type of float this way:

Money in the banking system that is briefly counted twice due to delays in processing checks. Float is created when a bank credits a customer’s account as soon as a check is deposited. However, it takes some time for the check to be received from the payer’s bank. Until the check clears from the payer’s bank, the amount of the check appears in the accounts of both the recipient’s and payer’s banks.(See Investopedia: What does “float” mean?)

Notice that money deposited in an account appears on the bank’s books as a liability of the bank; however, prior to actual clearing of the transaction, both at the paying and receiving end, that money is in a kind of accounting limbo, during which time it can actually function as a “hidden” reserve, allowing the bank to use it for very quick transactions on which it will earn more money, before the transaction is cleared.

In this case, the Deutsche Bank-Banca dei Paschi di Sienna triangular transaction created an enormous float, which could be conveniently tracked in real time by…oh, say, a database management software program like PROMIS, brainchild of Inslaw Corporation and its founder, William Hamilton. As most readers here are aware, Inslaw’s software was stolen by the Reagan Justice Department, modified with several backdoors, and then covertly marketed by the American intelligence community to a variety of countries. As I noted in Hidden Finance, Rogue Networks, and Secret Sorcery, this software could track anything – including financial flows – in real time through a variety of databases.

Such money generated by this practice may, or may not, be entered on the bank’s books. In the latter case, it would constitute a “hidden reserve”, so to speak, which can then be used to create even more liquidity. As I’ve noted above, coupling this practice to the derivatives and to mortgage fraud – think only of Catherine Austin Fitts’ story detailing massive mortgage fraud in the Department of Housing and Urban Development when she was assistant secretary there, and one creates an enormous hidden financial system with a volume of liquidity that would probably boggle the mind, liquidity that in turn can be covertly used for a variety of purposes, from manipulation of markets of all sorts – commodities, bullion, interest rates and so on – to covert funding mechanisms for covert operations and, given the sheer scale of the system, funding for expensive black projects research and technologies, and even as a mechanism to fund “off world” projects and trade. Keeping the float secret is, I am arguing, a fundamental component of this hidden system of finance, and it would be a national security secret worth keeping at any price, including the murder of those who…

Continue Reading At: GizaDeathStar.com
__________________________________________________
About 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”.

At The Eye Of A Looming Storm? Those Bankster Deaths & More Missing…

Source: GizaDeathStar.com
Dr. Joseph P. Farrell
January 28, 2017

It has been a while since we’ve talked about those mysterious bankster deaths, many of them having all the hallmarks of “bankercides (i.e., murder by suicide), and it’s been even longer since we’ve talked about all that “missing money” sloshing around in the system somewhere, an amount of money in the trillions. Well, Mr. W.D. sent the following article, and it has my high octane speculation running in high gear and overtime, but we’ll get back to that, because I want to paint in very broad strokes today. The article that he shared concerns a looming storm centered around Europe’s largest bank, Deutsche Bank, and some shenanigans that reach out to engulf Italy and, I suspect, pretty much everyone else. But as I said, we’ll get back to that. Here’s the lengthy article by Vernon Silver and Elissa Martinuzzi that appeared on Bloomberg Business Week:

How Deutsche Bank Made a $462 Million Loss Disappear

Of course, a mere $462,ooo,ooo looks like chump change to a bank as large and powerful as Deutsche Bank, but there are even vaster sums involved in this disappearing act. The story begins, according to the article, at a meeting held at Deutsche Bank’s London branch headed by Italian banker Michele Faissola:

On Dec. 1, 2008, most of the world’s banks were still panicking through the financial crisis. Lehman Brothers had collapsed. Merrill Lynch had been sold. Citigroup and others had required multibillion-dollar bailouts to survive. But not every institution appeared to be in free fall. That afternoon, at the London outpost of Deutsche Bank, the stolid-seeming, €2 trillion German powerhouse, a group of financiers met to consider a proposal from a team led by a trim, 40-year-old banker named Michele Faissola.

The scion of an Italian banking family, Faissola was the head of Deutsche’s global rates unit, a division that created and sold financial instruments tied to interest rates. He’d been studying the problems of one of Deutsche’s clients, Italy’s Banca Monte dei Paschi di Siena, which, as the crisis raged, was down €367 million ($462 million at the time) on a single investment. Losing that much money was bad; having to include it in the bank’s yearend report to the public, as required by Italian law, was arguably much worse. Monte dei Paschi was the world’s oldest bank. It had been operating since 1472, not long after the invention of the printing press, when the Black Death was still a living memory. If investors were to find out the extent of its losses in the 2008 credit crisis, the consequences would be unpredictable and grave: a run on the bank, a government takeover, or worse. At the Deutsche meeting, Faissola’s team said it had come up with a miraculous solution: a new trade that would make Paschi’s loss disappear. (Emphasis added)

The crucial point to focus on here is not only Faissola’s connection to the Banca Monte dei Paschi di Sienna, the world’s oldest bank, in continual operation since the Renaissance, but also his position as head of Deutsche Bank’s global rates unit, which, the article also notes, “created and sold financial instruments tied to interest rates,” for later on in the article, we learn that Deutsche Bank is under investigation for its role in helping to rig the LIBOR (London Inter-Bank Offered Rate), which Wikipedia notes is ” the primary benchmark, along with the Euribor, for short-term interest rates around the world.” (See Wikipedia: Wikipedia LIBOR):

This month the bank agreed to pay $7.2 billion to resolve a U.S. probe into its subprime mortgage business, admitting it misled investors. Deutsche has paid more than $9 billion in further fines and settlements related to claims of tax evasion; violating sanctions against Iran, Libya, Syria, Myanmar, and Sudan; rigging the $300 trillion Libor market; and other alleged breaches of the law.
(Emphasis added)

Having a division that creates and sells financial instruments “tied to interest rates” such as the widely used LIBOR is a handy thing to have around, particularly if one is also engaged in rigging that very London Inter-Bank Offered Rate!

In any case, Faissola had approached Deutsche Bank with what can only be regarded as a “scheme” to help the troubled Banca Monte dei Paschi di Sienna, and this is where it gets interesting. As the article notes, Faissola proposed a “sure-thing, moneymaking bet with Deutsche Bank and use those winnings to extinguish its 2008 trading losses” by engineering a two-step trade, with one transaction bet which would make immediate gains, and the second transaction staged over time “that was sure to lose”, and of course, Deutsche Bank would profit from fees in both trades. But as the article also observes, as Faissola was pitching his plan – the details of which we’ll get to in a moment, doubts were being raised within the bank about the plan’s structure:

Outside the room, one of Faissola’s longtime colleagues was raising questions about the deal. William Broeksmit, a managing director who specialized in risk optimization, was concerned about the winner-loser construction. A Chicago-born son of a United Church of Christ minister, Broeksmit had decades earlier been a pioneer in interest rate swaps, the financial instruments that had rewritten the possibilities—and profitability—of investment banking. But Broeksmit, 53, was also against reckless derivative deals, which is how he viewed Faissola’s proposal, according to a person familiar with his thinking. Eleven minutes after the meeting began, Broeksmit e-mailed one of its attendees with a warning about the Paschi trade and its “reputational risks.”

If the name William Broeksmit sounds familiar, it should for he’s one of those “suicided” bankers, as the article also notes, for when the whole plan exploded into public view in Italy in 2013, it was accompanied by two more of those suspicious “banker deaths”, one of whom was William Broeksmit, and the other was David Rossi, of Banca Monte dei Paschi di Sienna:

Among the casualties was David Rossi, Paschi’s communications chief. At about 9 p.m. on March 6, a bank employee noticed that Rossi was missing from his fourth-floor office. A window had been left open. Authorities found Rossi’s body in a courtyard below. Rossi, 51, wasn’t himself the subject of any inquiries, but his home had been searched two weeks earlier by police. His death was at first ruled a suicide, but the inquest has been reopened based on evidence his wife presented, including security video that shows Rossi fell out backward.

Several months after Rossi’s death, in January 2014, Broeksmit was supposed to meet his wife of almost 30 years at a cafe near their home in the South Kensington neighborhood of London. He didn’t show. When she returned home, she found his body hanging from the leash attached to a door. In a dog bed, he’d left suicide notes, including one addressed to Jain, his longtime colleague. The New York Post reported last year that the note to Jain contained an apology. A summary of Deutsche Bank’s own review of the suicide, seen by Bloomberg Businessweek, doesn’t mention the note and says the review found no direct link between Broeksmit’s death and his work at Deutsche.

Why Broeksmit? Well, perhaps because he had been given broad authority within the big German bank on its “management approval committee, where Broeksmit had influence. Top management,” the article notes, “had just handed Broeksmit broad authority to police risk across the firm…”. And there’s more, for as news began to come out publicly about the details of the scheme, the German banking regulatory authority, BaFin began an audit in January 2014, and as Bloomberg Business Week states, even though the report “has never been make public,” Bloomberg managed to obtain a copy, just how, we’re not told, but we may be sure it involved big players, perhaps in the intelligence community. The audit began on Jan 27, 2014, the day after Mr. Broeksmit “was found at his London home, hanging from a dog leash.”

As the article also notes, when Deutsche Bank moved aggressively to enter the world of investment banking, it hired Edson Mitchell from Merrill Lynch. Mitchell brought in Broeksmit, and Anshu Jain, “a prodigy at selling such risky, fee-laden products to hedge funds.” Mitchell died in a plane accident three days before Christmas in 2000.

I don’t know about you, but three banker deaths, all tied to the same bank, seems a little more than just “coincidence.”

But whether…

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About 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”.