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

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…

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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”.


…A Trillion Here, A Trillion There, And Pretty Soon…

Dr. Joseph P. Farrell
August 14, 2016

Remember former Secretary of Defense Don Rumsfeld’s press conference the day before 9/11, when he said that an audit of the Pentagon could not account for $2,200,000,000,000? Well, that little “disclosure” of course was whisked right out of the news due to the events of the following day. But wait, there’s more. Then Florida Congressman Alan Garyson, and Georgia Congresswoman Cynthia McKinney attained some notoriety by pressing the issue, when Rumsfeld came up with more missing money. One of my favorites back then was Ms. McKinney grilling Mr. Rumsfeld and Associates on who held the data management contracts for the Pentagram… “Well, uhm…. er…., I don’t have those facts and figures with me at the present moment…”

Really? You show up to a Congressional committee without the information it’s seeking?

Well, forget about that mere 2.2 trillion dollars Mr. Rumsfeld was anxious about back in 2001. it’s now up to 6.5 trillion, according to this article that many of you shared this past week:

Pentagon’s Sloppy Bookkeeping Means $6.5 Trillion Can’t Pass an Audit

Absorb that for a moment: 6.5 trillion dollars is missing…. Think of the roads, bridges, schools, hospitals, that could be repaired with that amount of money. And what’s really galling here is the doublespeak trying to explain all this:

The Defense Finance and Accounting Service, the behemoth Indianapolis-based agency that provides finance and accounting services for the Pentagon’s civilian and military members, could not provide adequate documentation for $6.5 trillion worth of year-end adjustments to Army general fund transactions and data.

The DFAS has the sole responsibility for paying all DOD military and personnel, retirees and annuitants, along with Pentagon contractors and vendors. The agency is also in charge of electronic government initiatives, including within the Executive Office of the President, the Department of Energy and the Departing of Veterans Affairs.

There’s nothing in the new IG’s report to suggest that anyone has misplaced or absconded with large sums of money. Rather, the agency has done an incompetent job of providing written authorization for every one of their transactions – so-called “journal vouchers” that provide serial numbers, transaction dates and the amount of the expenditure.

In short, the DFAS has lagged far behind in providing the tracking information essential to performing an accurate audit of Pentagon spending and obligations, according to the IG’s report.
(Emphasis added)

Now, that’s interesting.

The money isn’t really missing, you see, it’s just that “we’re lagging behind” our ability to record and post transactions by only a few months.That’s all. Nothing to see here. Move along.


Now, we all know what banks do with our money when we deposit it. It still “takes awhile” for that money to be posted to your account, even in this digital day and age. “It hasn’t cleared yet,” is the standard excuse. So what they do is to use that money before it posts(but I thought it hadn’t cleared yet?), to make more money. Now, imagine the same process, but taking not days, but weeks or months, and you get the idea. It’s a nifty way to make more money for your black projects research and keep everything off the books.

But I cannot help, as regular readers here know, to indulge in some more high octane speculation. And in this respect, that figure of 6.5 trillion caught my eye, for it’s in the ball park of the 6 trillion dollars from the second bearer bonds scandal of 2009 that occurred in Italy. Remember that one? The Italian financial police recovered…

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Profile photo of 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”.

What’s Up Way Down There? And What’s Going Down Way Up…

Dr. Joseph P. Farrell
July 31, 2016

A couple of weeks ago, more or less, I blogged about the unusual goings on in Antarctica, as an evacuation aircraft was making its way to our southern polar continent. What I found quite strange at that time was the presence of Lockheed-Martin, the famous US defense and black projects contractor, on that continent. A few years prior, you’ll recall, there was much speculation about what the Russians were doing, or had found (or both), at Lake Vostok, the large submerged lake in Antarctica. The Russians weren’t talking; which left everyone else to talk and guess. More recently, after his historic meeting with Pope Francis I, Kirill III, Patriarch of Moscow, made his way to Antarctica as well, took a couple of photo op pictures with the penguins, and blessed a Russian church there, apparently the first Orthodox church on that continent. But I cannot help but think that maybe there was more than that at work.

In any case, the strange goings on in Antarctica don’t stop there. A few years prior to that, as I noted in Roswell and the Reich, a German amateur seismologist had allegedly recorded extraordinarily large anomalous wave fluctuations in the region. And of course, prior to that, we had the whole Nazi expedition of 1938-39, the equally curious “silence” surrounding it after its return to Germany, and then the post-war expedition of Admiral Byrd, Operation “Highjump”, which was cut short dramatically after some American pilots had crashed, or, as some of the lore has it, were shot down. Byrd, of course, gave his now well-known statements to the Santiago El Mercurio, in which he stated the USA had to prepare its defenses against enemy fighters that could fly from pole to pole with tremendous speed. Then we had the stories in Nexus magazine and other outlets about secret postwar British SAS operations on that continent, allegedly against a group of surviving and fanatical Nazis. And finally, there have been the occasional internet articles alleging that large pyramidal structures have been discovered there.

Whatever one makes of all of this, it is clear that the polar continent is the center of some very bizarre activity and attention: German Nazis, American Admirals and marines, British special ops forces, Orthodox Patriarchs, and American black-projects aerospace companies, and pyramids.

The picture this paints could have been painted by Hieronymus Bosch.

Well, it just became stranger, for several people emailed this article to me, and one regular website reader, who lives in Russia, assures me that this story has also run on Russian television, for now it seems there is something strange going on in the opposite polar regions, in the Russian Arctic:


What’s the infection? Well, as the article makes clear, it’s an outbreak of anthrax, a disease one normally does not associate with the Arctic. But the deployment of 1,200 biowarfare specialist troops does make one wonder whether the Russian government may suspect more is going on than they’re publicly admitting. Indeed, the article states that other deadly agents may have been involved. But then comes the strangest zinger of them all:

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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”.

News & Views From The Nefarium – June 16, 2016 – Is American Military As Powerful As It Seems On Paper? What About Russia’s?

Dr. Joseph P. Farrell
June 16, 2016

The Russians are shooting down our drones over the Crimea… but is that the real story here?

Russians Have Already SHot Down Numerous US Drones Violating Crimean Airspace

The Transhumanist Scrapbook – Israeli Biotech Firm Develops…


Dr. Joseph P. Farrell
March 17, 2016

Mr. G.K. shared this story, and it’s a stunner, any way one slices it. An Israeli biotech firm has apparently developed a “cure” for intense radiation exposure involving injectable human placenta cells, and while I normally do not link videos in my blogs, this one is important enough to do so (though you’ll have to wade through the usual advertisement involving braying jackasses and trumpeting elephants to reach the short video):

Israeli placental cell therapy could cure radiation sickness

One thing struck me in the video, and it was that thing that made my mind run into all sorts of high octane speculations, and that was the reference to the Fukushima disaster, and that the Israeli firm had decided it had to “do something” to be able to treat acute radiation exposure and sickness, a hitherto almost intractable problem. The apparently successful technology has obvious medical benefits, for example, for radiation therapy sufferers.

However, the video raises disturbing questions, if only by way of implication, by not stating the obvious: how, for example, did the firm hit upon the idea of placentas and radiation sickness? There’s to chain of reasoning here, and that raises my “suspicion meter” into the red zone, and my suspicion is, that this might be a black projects technology, now released into the public view – on March 9, of this year in fact – for obvious reasons: the Middle East is erupting into chaos, and there have been recent revelations of the Saudis having bought a-bombs from Pakistan.

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Profile photo of 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”.