Babylon's Banksters by Joseph P. Farrell (2010) Feral House

The global economic crisis that started in 2008 has summoned a deeper skepticism of the economic mainstream with its corresponding prognostications for endless growth and prosperity. Individuals are starting to question the need to play on the giant wheels of churning money that represented the retirement funds and investments of the past. While I’ve been reading extensively about alternative economies and monetary systems, nothing has provided a picture of finance as intriguing or as challenging as Joseph P. Farrell’s Babylon’s Banksters: The Alchemy of Deep Physics, High Finance and Ancient Religion.

Babylon’s Banksters serves as a comprehensive outline of the evidence for a group of international monetary elites that have attempted to control the destiny of human affairs throughout history with banking and physics. Even if you don’t buy into the historical monetary elite portion of the thesis, you’ll still find a lot of meat here.

Early on, Farrell draws a clear distinction between the two types of money a nation can create: money built on scarcity and money built on the state itself. Money can be created as a receipt for goods and services with no built-in principal of debt and scarcity. In this case, the money supply can be expanded based on the needs of the nation. For the other type of money, created by a private bank and issued to a nation, the principal is created and not the interest. Thus, the monetary supply must always expand at an exponential rate to continue repaying the interest. When the money supply can no longer expand to make interest payments, the currency falters and eventually collapses.

This is where the connection between a physical system and a financial system begins. For nation-backed money, the system is open and the available amount of money can expand along with the economy, there can always be more money as long as available goods and services expand as well. For a private bank-backed money, the system is closed and there is never as much money as there is debt, inducing scarcity.

Farrell then posits that the first modern nation to discover a connection between open or debt-free economics and open energy systems was Nazi Germany. What Nazi Germany realized was that the Mark’s dramatic devaluation began soon after the Reichbank was privatized, driving the German monetary system into hyperinflation. When Hitler took command of Germany, he turned his back on the international private bankers that shorted the German Mark and created his own fiat money, embarking on a massive public works campaign using one billion non-inflationary bills called Labor Treasury Certificates. At this same time, Germany understood that they were subject to playing by global financial hegemony because they needed access to global oil supplies. And thus, Nazi Germany devoted many of its scientist to pursuing “free energy, i.e. the technologies that would allow Germany to engineer the physical medium and its energy directly…”. But Farrell does not apply heroics to the Nazi movement, he merely points out that they recognized an international malevolent influence in banking and sought to usurp it, all while committing horrible atrocities. Modern China has recognized this same influence, growing into a sophisticated world power by issuing state-created debt-free money, solidifying independence in doing so. Farrell’s overall point being that an international group has controlled money systems and has suppressed technologies and alternative physics in order to maintain this control. In doing so, this group has hidden the connections between alternative physics and alternative monetary economies.

What surprised me most about Babylon’s Banksters was how persuasively Farrell argued the connection between economics and an unpublicized system of physics. This is where the book shined. During the start of the Great Depression, Herbert Hoover sought a solution to the problem of the boom-bust economic cycle and commissioned Chief Economic Analyst of the US Commerce Department Edward R. Dewey to study how the business cycles occurred. What Dewey discovered was that cycles or waves of behavior appeared in nearly all aspects of human societies. In the 1947 book by Dewey and his collaborator Edwin Dakin, Cycles: The Science of Prediction, graphs and charts appeared of everything from railroad industry growth to the Atlantic salmon population. These compiled studies revealed repeating and predictable cycles in the form of discernible waves that were quantifiable as well as regular and predictable. Farrell makes the point that this is the secret a global financial elite is privy to, being able to manipulate these predictable boom-bust cycles for their own benefit. Further, a 54-year and 9-year economic cycle that proceeds at at regular intervals is depicted. Oddly enough, from the 1947 book, when the low-points of the 54 and 9 year cycles are overlaid they hit exactly on the date of our current crisis. While explanations for this phenomena can vary wildly, one way to look at is by imagining the effect a fourth dimension would have on our three dimensional perception. Consider a two dimensional being on a plane with a multi-colored wheel that passes through its plane on a regular basis. The two-dimensional being would perceive nothing but a predictable pattern of colored lines but would be unable to understand why the regular interval occurred because it was a higher dimensional object that was passing through. Perhaps a fourth dimensional object passes through our own world on a regular basis. In other words, Farrell is outlining a deeper physics behind the financial and economic transactions of the human race.

Even stranger, Farrell describes the work of an RCA company engineer, J.H. Nelson who published several articles on the bizarre anomalies that he encountered while working with trans-atlantic short-wave signals. Nelson discovered that the accuracy of long-range radio propagation could be forecasted on the basis of planetary relationships. Oddly enough, his signal degradation charts looked quite similar to astrological forecasts. After further exposition, the point Farrell makes is that modern astrology is a nearly worthless and degraded form of an ancient science that recognized and understood these planetary effects on a larger basis, even within human and social systems. Once again, the implications of a deeper physics behind human economic activity, a ‘paleophysics’ even.

So what energy sources were the Nazi’s researching? Most likely energy from an unknown source that resulted from rotating plasmas, like those described by Swedish physicist Hannes Alfvén. Starting in 1936, Alfvén outlined cosmic electrodynamics or the science of a plasma universe. If a conducting liquid is placed in a constant magnetic field, every motion of the liquid gives rise to an electromagnetic field which produces electric currents. These currents yield mechanical forces which change the state of motion of the liquid. A combined electromagnetic-hydrodynamic wave occurs which appears to transduce energy out of space-time itself, from an unknown source or maybe even the oft-discussed ‘zero-point field’. Also of note, Alfvén’s theories discussed the possibilities that space itself exhibits a cellular structure, or crystal lattice along which energy can be tapped. There is some actual evidence for this ‘electric universe’, specifically in the questions raised by Dr. Nikolai Kozyrev who noted that during the first hydrogen bomb tests there was an unknown source of energy. The energy of the detonated hydrogen bombs actually varied with the time which they were detonated. Farrell discusses the possibility that the energy variation occurred because the bombs became a transdimensional gateway into the energy of space-time itself which varied based on planetary rotations and proximity to higher dimensions.

Farrell draws connections between this obscured physics and an ancient international money power which are revealed in various historical accounts as they guarded gold mines with mercenaries and usurped local economies with gold and silver based transactions. But how would this international money power communicate in an era without radio? German physicist and engineer Dr. Meyl published a comprehensive account of scalar waves and their corresponding relationship to ancient temples in 2003, drawing the connection between temples as a long-range communication system between the various factions of this monetary elite. And while it sounds a little outlandish, the resonant frequency calculations of each building along with the similarities between modern magnetrons and ancient temple floor plans are rather convincing.

While the book is extremely well footnoted and referenced, where Farrell fails is in quoting his previous work too often. He could have dramatically strengthened his case by omitting those references and linking me to his original sources. Farrell breaks down every section with numbered lists of evidence he presented in previous pages which helped me track the overwhelming amount of information. This is the densest few hundred pages I’ve ever read. While I still remain unconvinced by the entire premise Farrell lays out, I’m thoroughly fascinated by the obscure scientists and historical references he can ferret out. I’m surprised I’ve waited this long to discover Farrell’s unique approach to science, technology, history and humanity. Clearly there’s much more to physics and finance than I could ever imagine and through Babylon’s Banksters I’ve discovered a tremendous number of new and interesting speculative paths on which I can embark, and that’s really all I can ask for from a book like this.