Gold Warriors - The Vulcans - Murdering Liberty and Killing Hope on 911
This book was published to the web with pictures under the title, "Murdering Liberty, Killing Hope" at this link: http://www.box.net/shared/4vbu1tkq32 and Part 2 was published to the internet, also with images, as "Nine Eleven Gold" at this link: http://www.box.net/shared/yghazdjnmd

Preface:
Massive Fraud Leads To Murder

The following pages separate the wheat from the chaff, the strong from the weak, the wise from the uninformed.

This is a story predicated upon real life. We, the civilian population of the world are not trained or educated in the finer distinctions of global finance. Our perception of millions, billions and trillions of dollars, let alone millions, billions or trillions of ANYTHING is hopelessly mired in the gunk of enigma. We just don’t get it. In fact our eyes generally glaze over and we’re ready to move on to the next subject of study, the next point of distinction whenever anything larger then a bread-box is mentioned. It’s just human nature.

Add to that vast sums of gold, illegal gold at that, even stolen gold, national treasury gold, and we seem to want to head for the nearest exit.

Fortunately, or unfortunately, because the choice is really yours, the events described in the following pages are true. You see, real life is a complicated and convoluted mess of various seemingly disjointed and unconnected events somehow strewn together to make up the many years we call “our life” and rarely do our lives amount to anything more then having children, working and enjoying a few pleasurable moments. We are not the elite. Their lives are things we imagine for brief moments while we’re busy living our own lives.

I’d like to stress that this event, the destruction of several buildings in New York City and the purposeful bombing of the Pentagon is a complicated, convoluted crime of vast proportions. Nothing like this has ever happened.  Throughout the entire span of the history of human civilization no one has committed a crime of this proportion. This is and was the greatest crime ever perpetrated. Not only were almost 3,000 innocent Americans sacrificed for National Security by desperate criminals but literally trillions in gold and securities were traded and accumulated over a span of 50 years and more. The number of people involved in the greatest financial scam in global history is mind-numbing. Trillions of dollars can be used to pad the pockets of many hundreds of people. If these crimes were exposed many hundreds of people would have been imprisoned for life. Initially the official designation of “terrorist attacks” made it difficult to discern a pattern to this event and that cover was a good one which threw off a great many people for a number of years. However if the destruction of the World Trade Center, a segment of the Pentagon, four commercial aircraft and the loss of 2,993 lives is not considered as a “terrorist attack” but rather as a crime with specific objectives, there is a compelling logic to the pattern of destruction, not only of the buildings but of specific offices within each building. That logic provides a glimpse into a world few of us ever see and it solves numerous anomalies and questions related to days surrounding Nine Eleven.

You are about to read a staggering synopsis of those events.

These people don’t walk in our footsteps but even more importantly, we don’t walk in theirs.

Take a walk with me, in theirs ...

Chapter One: Motive ~ Follow The Money

On September 11, 2001 the definition of National Security changed for most U.S. citizens. For an entire postwar
generation, “National Security” meant protection from nuclear attack. On that day, Americans redefined that threat. On September 11, 2001 three hijacked airliners hit three separate buildings with such precision and skill that many observers believe those flights were controlled by something other than the poorly trained hijackers in the cockpits. This report contends that not only were the buildings targets, but that specific offices within each building were the designated targets. These offices unknowingly held information which if exposed, subsequently would expose a national security secret of unimaginable magnitude. Protecting that secret was the motivation for the September 11th attacks. This report is about that national security secret: its origins and impact. The intent of the report is to provide a context for understanding the events of September 11th rather than to define exactly what happened that day.

Initially, it is difficult to see a pattern to the destruction of September 11 other than the total destruction of the World Trade Center, a segment of the Pentagon, four commercial aircraft and the loss of 2,993 lives. However, if the perceived objective of the attack is re-defined from its commonly suggested ‘symbolic’ designation as either ‘a terrorist attack’ or a ‘new Pearl Harbor,’ and one begins by looking at it as purely a crime with specific objectives (as opposed to a political action), there is a compelling logic to the pattern of destruction. This book provides research into the early claims by Dick Eastman, Tom Flocco, V.K. Durham and Karl Schwarz that the September 11th attacks were meant as a cover-up for financial crimes being investigated by the Office of Naval Intelligence (ONI), The Eldorado Task Force, segments within the FBI and CIA whose offices in the Twin Towers, Building 7 and the Pentagon were destroyed on September 11th.

After six years of research, this report presents corroborating evidence which supports their claims, and proposes a new rationale for the September 11th attacks.  In doing so, many of the anomalies – or inconvenient facts surrounding this event - take on a meaning that is consistent with the claims of Eastman et al. The hypothesis of this report is: the attacks of September 11th were intended to cover-up the clearing of $240 billion dollars in securities covertly created in September 1991 to fund a covert economic war against the Soviet Union, during which ‘unknown’ western investors bought up much of the Soviet industry, with a focus on oil and gas. The attacks of September 11th also served to derail multiple Federal investigations away from crimes associated with the 1991 covert operation. In doing so, the attacks were justified under the cardinal rule of intelligence: “protect your rsources”2 and consistent with a modus operandi of sacrificing lives for a greater cause.

The case for detailed targeting of the attacks begins with analysis of the attack on the Pentagon. After one concludes that the targeting of the ONI office in the Pentagon was not random – and that information is presented later – one then must ask: is it possible that the planes that hit the World Trade Center, and the bombs reported by various witnesses to have been set off inside the buildings 1, 6 and 7 and the basement of the Towers, were deliberately located to support the execution of a crime of mind-boggling proportions? In considering that question, a pattern emerges. For the crimes alleged by Eastman, Flocco, Durham and Schwarz to be successful, the vault in the basement of the World Trade Center, and its contents  - less than a billion in gold, but hundreds of billions of dollars of government securities -   had to be destroyed.

A critical mass of brokers from the major government security brokerages in the Twin Towers had to be eliminated to create chaos in the government securities market.  A situation needed to be created wherein $240 billion dollars of covert securities could be electronically “cleared” without anyone asking questions- which happened when the Federal Reserve declared an emergency and invoked its “emergency powers.” that very afternoon. The ongoing Federal investigations into the crimes funded by those securities needed to be ended or disrupted by destroying evidence in the Pentagon and in Buildings 1, 2, 6 and 7. Finally, one has to understand and demonstrate the inconceivable: that $240 billion in covert, and possibly illegal government funding could have been and were created in September of 1991. Filling in the last piece of the puzzle requires understanding 50 years of history of key financial organizations in the United States, understanding how U.S. Intelligence became a key source of their off-balance sheet accounts, and why this was sanctioned by every President since Truman.3  With that, a pattern of motivation is defined which allows government leaders and intelligence operatives to ‘rationalize’ a decision to cause the death 3,000 citizens.
 
Chapter Two: The SEC & the Federal Reserve - The $240 Billion Dollar Connection

If the attack on the Office of Naval Intelligence in the Pentagon was not random it is reasonable to assume that the planes that hit the World Trade Center, and the bombs reported by various witnesses to have been set off inside buildings 1, 2, 6 and 7, the basement of the Towers and the vault in the basement of the World Trade Center were also deliberately targeted. Why? What was it that linked these targets? The destruction of the contents of the basement of the World Trade Center - less than a billion in gold, but hundreds of billions of dollars of government securities is the answer. In addition why were specific brokers from the major government security brokerages in the Twin Towers eliminated? The answer is that these criminals needed to create chaos in the government securities market. This allowed them to create a situation wherein $240 billion dollars of covert securities could be electronically “cleared” without anyone asking questions. This is what happened when the Federal Reserve declared an emergency and invoked its “emergency powers” under SEC Act 12(k)2 for the very first and only time in history that afternoon (see images pages 100 and 106).

There were three major securities brokers in the World Trade Center: Cantor Fitzgerald, Eurobrokers and Garbon Inter Capital and these were the targets.4 On the morning of September 11, Flight 11 hit the North Tower at 8:46 right below the floors on which Cantor Fitzgerald was situated. Cantor Fitzgerald as the largest securities dealer in the US was the primary target. Shortly thereafter a massive explosion went off under the FBI offices in the North Tower on the 23rd floor, Garbon Inter Capital on the 25th floor, and in the basement of Tower 1. The explosion caused the 22nd through 25th floors above to collapse into an inferno. Fires were reported on the 22nd floor at 8:47. Shortly, thereafter, at 9:03, Flight 175 hit the South Tower right below the floors on which Euro Brokers was situated. In all three cases, the explosive, fiery destruction consumed the offices in the several floors above. At 9:37 Flight 77 hit the Pentagon, targeting one of the few offices that had been moved in the newly remodeled section of the Pentagon: the Office of Naval Intelligence, which had been investigating the financial transactions linked to the securities being managed by those security dealers in the World Trade Center that were targeted. 41% of the fatalities in the Twin Towers came from two companies that managed U.S. government securities: Cantor-Fitzgerald and Eurobrokers. 31% of the 125 fatalities in the Pentagon were from the Naval Command Center that housed the Office of Naval Intelligence. 39 of 40 Office of Naval Intelligence financial fraud investigators died. In the vaults beneath the World Trade Center Towers, any certificates for bonds were destroyed. Just over 660 Cantor-Fitzgerald employees were murdered.

Building 7 was evacuated somewhere between 9:00 and 9:30. Fires and explosions spontaneously began at multiple locations inside the building prior to the collapse of either Tower. This observation contradicts the official explanation that the fire started when objects from the collapsing towers caused the fires to ignite. The Building ultimately was destroyed in what many unofficial observers now believe was a controlled demolition. Building Seven housed several agencies critical to investigation of financial crimes.

In the midst of all this, Building 6 was destroyed by explosions from within. Building 6 was home to the U.S. Customs agency and the El Dorado Task force, a group of 55 government agencies which was responsible for coordinating all major money-laundering investigations inside the United States. In the immediate aftermath of September 11, these groups would be redirected and re-tasked to investigate terrorist financing.

The Office of Naval Intelligence in the Pentagon, which sustained a direct hit from something other then a Boeing 757 as explained earlier in this book was, without a doubt, a target pinpointed for destruction. The attacking aircraft went through intricate maneuvers in order to hit the west side of the Pentagon, The flight path approach shows that the attacking aircraft passed almost directly over the White House, bypassing what should be considered a primary target for a “terrorist attack” instead of a supposedly empty section of the Pentagon. The planes that hit the South Tower also maneuvered in the last moments to hit their exact target.

On the same day, September 11, the Securities and Exchange Commission declared a national emergency and for the first and only time in U.S. history invoked its emergency powers under Securities Exchange Act Section 12(k)2 and eased regulatory restrictions for clearing and settling security trades for the next 15 days from September 14th through the 29th, 2001. These changes would allow an estimated $240 billion in covert government securities to be cleared upon maturity (September 12th) without the standard regulatory controls around identification of ownership. (above and image on previous page)

While most media reports defer to the U.S. government contention that Osama Bin Laden was behind these attacks, foreign media provided reports suggesting that the “real power” behind Al Qaeda was unknown. As shall be seen, the financial power behind the attack is the same power that created these securities, and the same power as that which founded Al Qaeda.

In order to understand why the ongoing Federal investigations into the crimes funded by those securities needed to be ended or disrupted by destroying evidence in Buildings 1, 2, 6 and 7 it is necessary to understand how the $240 billion in covert, and possibly illegal government funding, could have been created in September 1991 and also to know the background of 50 years of history of key financial organizations in the United States, where U.S. Intelligence became a key source of their off-balance sheet accounts.

The covert securities used to accomplish the original national security objective had ended up in the vaults of the brokers in the World Trade Center and were destroyed on September 11, 2001, the day before they came due for settlement and clearing. A key group of senior National Security officials, who had participated in the victory of the economic cold war in 1991, considered the deaths and destruction as ‘collateral” damage to hide the existence of the covert activities and the destruction constituted a cover-up of continued lawlessness by a fraternity or brotherhood of businessmen and criminals that has remained in the shadows ever since.

Most historians track the history of September 11th to 1998 when Osama Bin Laden declared a fatwa or jihad against the U.S., and the terrorist “Hamburg Group” led by Mohammed Atta reportedly “offered” it’s services to Al Qaeda. However, the history which defines the motives for the September 11 attacks goes much further back. The answers to the questions surrounding the cause of the WTC attack will be found in events during the presidency of George H.W. Bush and earlier. Insight into the activities of that period are cloaked by the Executive Order of George H.W. Bush’s son, President George W. Bush, who on November 1, 2001 issued Executive Order 13233. As a result public records which might have shed light on the activities of 1990 and 1991 remain shielded from public access. Consequently the reconstruction of events from the late 1980s and early 1990s is based on news reports, books and articles. Included in this wealth of data are Federal Reserve Working Papers, DoD data, Office of Naval Intelligence memorandum, trial transcripts, SEC rulings and various legislation.

What the public record suggests is that with the beginning of the first Bush Presidency in 1989, George H.W. Bush initiated a programme of covert economic warfare to bring about the collapse of the Soviet Union. The name of this programme appears to be Project Hammer - a multi-billion dollar covert operation, whose investments remain shielded.

There is reason to believe that the plan was initially formulated by Reagan’s CIA Director, William Casey. Many of the program operatives were probably engaged through official CIA and National Security channels. However, as a result of the experience gained by the Bush cabinet and its private sector counterparts during the secretive Iran-Contra and Ferdinand Marcos gold operations, the execution of that program would be accompanied by a new assumption that the use of covert and illegal funding for a policy not approved by Congress would remain acceptable. This is how these vast crimes began.

Building 7 was evacuated somewhere between 9:00 and 9:30, depending on various claims. Fires and explosions spontaneously began at multiple locations inside the building prior to the collapse of either Tower. This observation is critical in that the official explanation for the fire is that they started when objects from the collapsing towers caused the fires to ignite.  Witnesses leaving the building claim to have seen fires already starting, and dead
bodies. The Building ultimately was destroyed in what many unofficial observers now believe was a controlled demolition.  Building Seven housed the following agencies critical to investigation of financial crimes related to this history:
 
        Export-Import Bank of the US                    Floor 6
        US Secret Service                                     Floors 9 & 10
        Securities and Exchange Commission         Floors 11,12 &13
        Internal Revenue Service                          Floors 24 & 25 
        CIA                                                         Floor 25
        Department of Defense                             Floor 25

The Pentagon
 
It must be noted that the Office of Naval Intelligence in the Pentagon, which sustained a direct hit from an airliner that day, was without a doubt, a target that was pinpointed for destruction. There are a number of indicators that this was the case:
 
• The command centers of the US Armed forces and the Office of the Secretary of Defense are located on the River and Mall, northern facing segments of the Pentagon. This is public information. Either of those facades should have been the prime target for a well-planned attack. It needs to be remembered that the individuals responsible for September 11 had almost three years to plan their assault. The targets and methods were not haphazard;
 
• The western facing section of the Pentagon that was attacked had been under constructions for almost two years, and would not have been considered as a target, unless it was targeted for a specific reason;

• The Naval Command Center had been moved into that newly opened section of the Pentagon a month earlier;

• The attacking aircraft went through great effort to hit the west side of the Pentagon, under either of contentious scenarios, looping around the Pentagon by 270 degrees after approaching from the north east, or looping 360 degrees with it’s approach from the West. Under either scenario, the additional looping created an opportunity with extra flight time for defense systems to take out the attacking plane, and the hijackers took a significant risk of being shot down by executing this maneuver;

• If one looks carefully at the Koeppel flight path approach the attacking flight path went almost directly over the Whitehouse, bypassing what should be considered a primary target, for a supposedly empty section of the Pentagon. With the alternative approach presented by the National Transportation Safety Board, the extra distance in the loop would have allowed it to hit either the White House or the Capitol had it continued straightforward;

• Derek Vreeland who claimed to be an agent for Office of Naval Intelligence had predicted the attack several weeks in advance;

• The ONI has been attributed by several sources with responsibility for leaking copies of the faxes which document the illegal transaction of 1989-1991.

Did Flight 77 “pass” on three primary targets (the White House, the Capitol, and the command centers in the north face of the Pentagon) in order to make a precision hit on what should have been known to be an empty segment of the Pentagon? Did the pilot, described as having “extraordinary skill,” after years of planning, hit a worthless target? It would seem the assumption has to be the pilot hit exactly where he wanted to hit. The planes hitting the South Tower and Pentagon maneuvered in the last moments to hit their exact target. With a world of targets available, why these?
 
For the majority of Americans, the unanswered questions regarding that day are legion. While many of the questions may never be answered, the extraordinary destruction experienced at specific locations in the WTC, and the peculiar targeting of the Pentagon all support a pattern of deliberate destruction of sites key to the claims of Eastman, Durham, Flocco and Schwarz.

To a very great degree, insight into the activities of that period are cloaked by the Executive Order of George H.W. Bush’s son, President George W. Bush, who on November 1, 2001 issued Executive Order 13233. This executive order was intended to balance the public’s right to see the records of past presidents with a need to protect national security. As a result, public records which might have shed light on the activities on 1990 and 1991 remain shielded from public access in the interest of national security and the men and women who support it. Subsequently, this reconstruction of the events from the late 1980s and early 1990s is based on news reports, books and articles. What the public record suggests is that with the beginning of the first Bush Presidency in 1989, George H.W. Bush initiated a program of covert economic warfare to bring about the collapse of the Soviet Union. The name of this program appears to be Project Hammer, a previously reported, multi-billion dollar covert operation, ‘third world investment program’ whose investments remain shielded. This program consisted of four major covert operations including: 

        1. Theft of the Soviet treasury,  
        2. Currency destabilization of the Ruble, 
        3. Funding of the KGB Generals’ August 1991 coup against Gorbachev, and 
        4. Takeover of the key energy and defense industries in the Soviet Union.  
 
At its inception, the program was conducted well within policy framework of the U.S. government as defined by
several Executive Orders authored by Vice President Bush and signed by President Ronald Reagan. There is good reason to believe that the plan was initially formulated by Reagan’s CIA Director, William Casey. During World
War II, before Casey headed OSS operations in Europe, he worked for the Board of Economic Warfare and his role was “pinpointing Hitler’s economic jugular and investigating how it could be squeezed.” Many of the program operatives were probably engaged through official CIA and National Security channels. However, as a result of the experience gained by the Bush cabinet and its private sector counterparts during the secretive Iran-Contra and Ferdinand Marcos gold operations (which will be explained in short order), the execution of that program would be accompanied by two new assumptions:

1. Using covert and illegal funding for a policy not approved by Congress would remain acceptable. Under George H.W. Bush, Congressional oversight of covert operations could be ignored with impunity;

2. The American public and their representatives in Congress were too pre-occupied with their own lives to be worried about what happened in foreign lands, even if those actions violated the law and the constitution.

Emboldened by the lack of consequences for subverting the U.S. constitution and breaking international law during the Iran-Contra scandal, the Bush administration group known as “the Vulcans” planned a bigger drive to crush the soul of Communism once and for all.  This group had graced themselves with this moniker, naming themselves after the Roman god of War – Vulcan. They waged war against the Soviet Union and Iraq under George H.W. Bush, and against Iraq and Afghanistan under George W. Bush. Belonging to this group were:
 
    • Dick Cheney
    • Don Rumsfeld
    • Colin Powell
    • Paul Wolfowitz
    • Richard Armitage
    • Condoleezza Rice

Chapter Three: The Vulcans
 
The Vulcan’s drive to bring and end to the Cold War was fueled by a covert war chest invisible to congressional oversight. This war chest would be known by several names: Black Eagle Trust, the Marcos gold, Yamashita’s Gold, the Golden Lily Treasure, the Durham Trust or Project Hammer. These same Vulcans would be brought back to power in 2000 under the administration of President George W. Bush, son of President George H. W. Bush.
 
The covert operations conducted by the Vulcans involved – at a minimum – potential securities fraud, money laundering and violation of Foreign Corrupt Practices act. In a number of situations, murder and false imprisonment seemed to be the mainstay of efforts to prevent any remorseful participants in this operation from going public with their stories. While accomplishing its objective – bringing about the demise of the Soviet Union – the program also seems to have lined the pockets of the individuals that executed this policy, at US taxpayer expense.  This was done to the tune of a mere $240 billion dollars in covert and allegedly illegal bonds, which appear to have been replaced with Treasury notes backed by U.S. taxpayers in the aftermath of September 11!

The covert securities used to accomplish the original national security objective of ending the Cold War ended up in the vaults of the brokers in the World Trade Center, and were destroyed on September 11, 2001. They came due for settlement and clearing on September 12th. The federal Agency investigating these bonds – The Office of Naval Intelligence - was in the section of the Pentagon that was destroyed on September 11.

To a key group of senior National Security officials who had participated in the victory of the economic cold war in 1991, the WTC, the Pentagon, the four airliners and their occupants would became ‘collateral’ damage in the ending of the Cold War. Their deaths were required to hide the existence of the Black Eagle Trust, and the covert activities it had funded for over 50 years. The alternative view of these events suggests that the destruction of these lives and buildings constituted a cover-up of continued lawlessness by a fraternity or brotherhood of businessmen and criminals often referred to as ‘the Enterprise’ in the 1980s, but has remained in the shadows since.

Numerous sources have documented that at the end of World War II, the treasury of the Japanese Empire was discovered in the Philippines by Edward Lansdale a member of the staff of General Charles Willoughby, who was General MacArthur’s chief of Intelligence. Lansdale and Severino Garcia Diaz Santa Romana tortured Major Kojima Kashii, General Yamashita Tomoyuki’s driver, until he revealed the sites of the gold. Then known as the “Golden Lily Treasure”, this mass of wealth had been accumulated by the Japanese over fifty years from the pillaging of Southeast Asia and China by its army and had been deposited in the Philippines due to the U.S. submarine blockade of Japan. Reports vary, but documents in the public domain suggest the recovered treasure was in excess of 280,000 metric tons of gold.

Lansdale briefed Assistant Secretary of War John J. McCloy about the findings, and a U.S. Cabinet-level decision was made to confiscate the gold and cover-up its discovery. The gold would be added to the Black Eagle Trust fund which took its name from the Nazi Black Eagle stamped on the gold bars confiscated from the Reich and was the original source of funding for the trust. Over the years, the significance of the Nazi gold would pale in comparison to the confiscated Japanese treasure. As the fund grew, it was distributed in private accounts across the globe in over 100 banks, and administered by General Earle Cocke.

Lansdale and Santa Romana were made responsible for recovery of the treasure. They fabricated a “Communist Revolution” by the Hukbalahak rebels in order to confiscate the land where much of the gold was buried, and proceeded to mine it.

*Note: Brigadier General Erle Cocke’s deposition in US District Court, Southern District of New York, April 13, 2000, (as provided in a photostat version in Guyatt’s Project Hammer Files), is a critical starting point for understanding the fund. In page 10 of the deposition, Cocke testifies he has reported on Project Hammer and the gold to every President since Truman. See also “Gold Warriors: America’s Secret Recovery of Yamashita’s Gold, Sterling and Peggy Seagrave,” Verso, 2005, pp 96-99, the Seagraves explain the origins of  the fund and how the Secretary of War proposed the trust to Roosevelt.

Murders directly related to the financial frauds and schemes that were 911

Of the 1765 reported deaths in Word Trade Centers One and Two, 721 of those deaths were at Cantor-Fitzgerald and Eurobrokers and 39 of 40 Office Of Naval Intelligence financial fraud investigators were killed as well. Seven Raytheon employees were also killed on three of the four planes and all seven were working on technology associated with remote commercial jet flight and engineering and applied science related to drones. The one person that could have enlightened the world to the financial frauds at BoNY associated with 911, Michael Diaz-Piedra, and who had insider knowledge was also killed. Diaz-Prieta was a former West Point graduate and son of a Cuban exile.  Michael was the Vice-President of Disaster Recovery Planning for the Bank of New York.  In the aftermath of September 11, his death was mis-reported first as being an employee of Bank of America rather then Bank Of New York and then as being in “money planning” at Bank Of New York.

Chapter Four: The Yamashita Gold - The Black Eagle Fund Takes Shape

The Yamashita gold would become the cornerstone of the Black Eagle Fund, from which many covert operations of the U.S. intelligence would be funded. Under international law the gold should have been either returned to the countries from which it was stolen (as was done with the Nazi gold), or should have been incorporated into the U.S. Treasury. The U.S. Government’s continued efforts to stifle news on this matter provides prima facie evidence that the confiscation of this gold was illegal.

The men responsible for initiating and executing the confiscation of Nazi and Japanese treasury gold represent the most senior Intelligence officers in the U.S. and Britain at the end of World War II, and the Cabinet of the President of the United States. The financial institutions represented by these individuals would become the major financial banks in the world, along with the Swiss-German banks where they hid their gold.

Lansdale’s operation in the Philippines gave birth to most of the common features of modern covert operations for the U.S.Intelligence and initiated a bond between the US intelligence organizations and the Israeli intelligence. He also set precedents for the Intelligence community to retain the services of organized crime on U.S. soil and to use drug running as a way of financing activities,

The covert operations funded by the Black Eagle Trust in the 1960s and 1970s became visible stains on the global image of the U.S. despite all efforts to keep them under cover. In an effort to clean house, President Jimmy Carter would order the retirement of over 800 covert operatives. Many of these operatives would move into private consulting and security firms and be employed as subcontractors for covert operations. Thus began a loose association of private operatives that would be referred to as “the Enterprise” in the years to come. George H.W. Bush, having been CIA Director, had many acquaintances in this group, and would work with them to restore their influence and control over U.S. foreign policy and the foreign investment opportunities it created for their benefit.

Meantime Ferdinand Marcos, the pro-U.S. dictator of the Philippines, continued to discover even more of the buried treasure. and had started to sell it on the market during the 1970s with the assistance of Adnan Khashoggi. US Intelligence operations had been siphoning off the gold for three decades. However in 1986 Vice President George Bush took over the gold from Marcos and the gold was removed to a series of banks, notably Citibank, Chase Manhattan, Hong Kong Shanghai Banking Corporation, UBS and Banker’s Trust, and held in a depository in Kloten Switzerland. What happened to the Marcos gold after it was confiscated by U.S. agents in 1986 has never been reported, but throughout the early 1990s, the world gold market would be befuddled by the mysterious appearance of thousands of tonnes of gold which appeared to suppress the price of gold.

In South east Asia operations were financed through Nugan Hand Bank in Australia which would be one of the many banks used for transferring the Marcos gold from the Philippines into covert operations. Frank Nugan’s family ran the primary supply shipping operation between the U.S. Navy base in the Philippines and Australia. Frank Nugan’s business partner, Peter Abeles, and Henry Keswick, together with Canadian businessman Peter Munk, would link with Adnan Kashoggi, Sheikh Kamal and Edgar Bronfmann in a series of operations which ultimately would evolve into Barrick Gold.

Barrick Gold- Bush And The Bull-ion

In 1992, George H.W. Bush served on the Advisory Board of Barrick Gold. The Barrick operation would create billions of dollars of paper gold by creating ‘gold derivatives’. A major distribution channel for the sale of Barrick’s gold futures would be Enron. Enron would also become the vehicle by which oil and gas contracts from the former Soviet Union (vehicles for Soviet money-laundering) were processed. Barrick, which has no mining operations in Europe, used two refineries in Switzerland: MKS Finance S.A. and Argor-Heraeus S.A. – both on the Italian border near Milan, a few hours away from the gold depository in Zurich. The question that Barrick and other banks needed to avoid answering is: what gold was Barrick refining in Switzerland, as they have no mines in that region?

Barrick would become a quiet gold producing partner for a number of major banks, and its activities became subject to an FBI investigation into gold-price-fixing. The records on this investigation were kept in the FBI office on the 23rd floor of the North Tower which was destroyed by bomb blasts shortly before the Tower collapsed. The ultimate destination of the “Golden Lily Treasure”, and the source of the ‘loaned’ gold that flooded the market for 10 years has never been officially explained.

The records of many of those transactions disappeared when Enron collapsed and the trading operation and all its records were taken over by UBS, another major recipient of Marcos gold. The FBI was reportedly conducting an investigation into those transactions, and the investigation files were kept on the 23rd floor of the North Tower of the WTC. A review of the personal accounts of September 11 now suggests that office was deliberately targeted with explosives prior to the collapse of the WTC.

Another key player in the Marcos gold was Banker’s Trust, which was taken over by Alex Brown & Sons, after Banker’s Trust floundered financially on its Russian loans in the mid 1990s. These Russian loans were facilitated by Enron, starting in August of 1993, and very possibly were part of the Project Hammer takeover of Soviet industry.

Amongst those brought into the picture by the involvement of Alex Brown was J. Carter Beese who was Executive Director of the CIA at the time of September 11. He was appointed by George H.W. Bush to the board of directors of the Overseas Private Investment Corporation in 1992. Since 1992, OPIC has provided more than $4.5 billion in finance and insurance to more than 140 projects in Russia. He was also Chairman of Riggs Bank and also President of Riggs Capital Partners. Riggs controlled the famous Riggs-Valmet consultants who set up the international financial apparatus for the Russian oligarchs and rogue KGB allowing them to steal the Soviet treasury and destroy the Russian economy. Carter Beese’s death was reported as a suicide in 2006.

It appears that in September 1991, George H.W. Bush and Alan Greenspan did indeed finance $240 billion in bonds in a buy-out of the Soviet Union as part of a broader programme to attack the economy of the Soviet Union. In addition President George H.W. Bush had initiated a number of related covert operations to take over certain sectors of the Soviet economy.

The covert business dealings with the Iranians and Israelis which originated with Kashoggi and Kimche in July 1980 in Hamburg under the October Surprise arrangement, would provide an opening to the Soviet KGB that would allow the U.S. to fund a coup against Gorbachev in 1991. It would grow into a larger covert operation over the years, and be overshadowed by the larger Iran-Contra operation. Members of Bush’s covert intelligence cadre sold weapons to Iran, an avowed enemy of the U.S., and illegally used the profits to continue funding anti-Communist rebels, the Contras, in Nicaragua.

The entire Iran-Contra operation almost fell apart in 1986 and became public when the Nicaraguan government shot down a U.S. plane carrying weapons to the Contra rebels However the Iran-Contra team continued to violate the law even while being investigated by Congress. Emboldened by the lack of consequences for subverting the U.S. constitution and breaking international law during the Iran-Contra scandal, the Bush administration group known as “the Vulcans” planned a bigger drive to crush Soviet Russia.

The programme also seems to have lined the pockets of the individuals that executed this policy, at US taxpayer expense. This was done to the tune of the $240 billion dollars in covert and allegedly illegal bonds, which appear to have been replaced with Treasury notes backed by U.S. taxpayers in the aftermath of September 11.

The Vulcan’s Covert Economic War on the Soviet Union

In 1988, Riggs Bank, under the direction of Jonathan Bush and J Carter Beese, would purchase controlling interest in a Swiss company named Valmet. In early 1989, the new subsidiary of Riggs called Riggs-Valmet would initiate contact with a group of KGB officers and their front-men to start setting up an international network for moving money out of the former Soviet block countries. In the first phase of the economic attack on the Soviet Union, George Bush authorized Leo Wanta and others to destabilize the ruble and facilitate the theft of the Soviet/Russian treasury. This would result in draining the Russian treasury of between 2,000 to 3,000 tonnes of gold bullion, ($35 billion at the time). This step would prevent a monetary defence of the ruble and thus destabilize the currency. The gold was ‘stolen’ in March of 1991, facilitated by Leo Wanta and signed off by Boris Yeltsin’s right hand man. The majority of the leaked reports from the CIA and FBI suggest the theft of the Russian treasury was a KGB and Communist party operation, but what those reports omitted was the extensive involvement of Boris Yeltsin, the U.S. CIA and the U.S. banking industry.

In November 1989 George H.W. Bush appears to have arranged for Alton G. Keel Jr, a minor player in the Iran-Contra scandal to go to work at Riggs Bank, which would become the controlling owner of a small Swiss bank operation known as Valmet. The Riggs-Valmet operation, would become the ‘consultants’ to the World Bank and to several KGB front operations run by future Russian oligarchs Khordokovsky, Konanykhine, Berezovsky and Abromovich. These soon-to-be Russian oligarchs had been set-up as front men by KGB Generals Aleksey (Alexei) Kondaurov; and Fillipp Bobkov, who previously reported to Victor Cherbrikov, who worked with Robert Maxwell, a British financial mogul, an Israeli secret service agent, and a representative of U.S. intelligence interests, who had been introduced to George Bush in 1976 by Senator Tower for the sole purpose of using Maxwell as an intermediary between Bush and the Soviet Intelligence. Maxwell assisted Cherbrikov in selling military weaponry to Iran and the Nicaraguan Contras during the course of the Iran Contra deals, and made hundreds of millions of dollars available to Cherbrikov’s Russian banks. These two would bring a previously unknown politician and construction foreman named Boris Yeltsin from the hinterlands of Russia to the forefront of Russian politics through providing 50% of Yeltsin’s campaign funding.

In the second phase, there were two major operations: the largest was coordinated by Alan Greenspan, Oliver North, and implemented by Leo Wanta. George Soros and a group of Bush appointees who began to destabilize the ruble. They are accused of fronting $240 billion in covert securities to support the various aspects of this plan.These bonds were created (in part or in whole) from a secretive Durham Trust, managed by ex-OSS/CIA officer, Colonel Russell Hermann. This war chest had been created with the Marcos gold.

Shortly before the attempted coup of 1991, Maxwell met Kruchkov on Maxwell’s private yacht. Shortly afterwards, Maxwell died mysteriously on his yacht while Senator Tower died in a plane crash under suspicious circumstances in April of 1991.

In the meantime, Riggs Bank was quickly solidifying banking relations with two of the old Iran-Contra scandal participants: Swiss bankers Bruce Rappaport, and Alfred Hartmann. Through this group George Soros opened a second front assault on the ruble. It is at this stage of the operation that three more groups would be brought into the plan by Rappaport and Hartmann: The Russian Mafia, the Israeli Mossad, and the Rothschild family interests represented by Jacob Rothschild.

Soros and Rappaport would ensure that the Rothschild financial interests would be the silent backers for a number of the undisclosed deals. The Rothschild interests would also be seen on the board of directors of Barrick Gold.

In the fourth phase of the secret war, the Enterprise worked on several fronts to take over key energy industries. On the Caspian front of this economic war, James Giffen was sent to Kazakhstan to work with President Nazarbayev in various legal and illegal efforts to gain control of what was estimated to be the world’s largest untapped oil reserves - Kazak oil in the Caspian. The illegal flow of money from the various oil companies would reach a number of banks. These same oil interests would engage March Rich and the Israeli Eisenberg Group, owned by one of the Mossad’s key operatives, Shaul Eisenberg, to move the oil. (The Eisenberg Group would at some point own almost 50% of Zim Shipping, which mysteriously and inexplicably moved out of the World Trade Center a few weeks before the September 11 attacks.)

Like the other events linked with Project Hammer, the coup was all about the money. The coup began the dissolution of the Soviet Union and the beginning of the reign of Boris Yeltsin and his ‘family’ of Russian Mafiya Oligarchs, and President Nursultan Nazarbayev of Kazakhstan. In the final phase, a series of operatives assigned by President George H.W. Bush would begin the takeover of prized Russian and CIS industrial assets in oil, metals and defence. This was done by financing and managing the money-laundering for the Russian oligarchs through the Bank of New York, AEB and Riggs Bank.

A closer look at other activities leading up to these phases makes it clear that is was a U.S. orchestrated intelligence effort from the beginning. The economic war involved Gerald Corrigan of the NY Federal Reserve Bank, George Soros, an international currency speculator who was responsible for crashing the British pound a few years earlier, former Ambassador to Germany R. Mark Palmer, and Ronald Lauder-financier and heir to the Estee Lauder estate. Palmer and Lauder would lead a group of American investors in an Operation called the Central European Development Corporation, and combine forces with George Soros and the NM Rothschild Continuation Trust. This group ending up controlling Gazprom, the Russian natural gas giant, while the Riggs group ended up controlling Yukos, the oil giant. Ownership for both remains largely ‘hidden’ today, while its front men endure the hardships of the Russian wrath by spending time in prison.

The 69-year-old former oil adviser to Kazakhstan’s president, accused of diverting $78 million from oil companies to the Kazakh government, waited out more than a dozen federal prosecutors and sat through some two dozen court appearances and five trial dates over the course of seven years. Today, the effort paid off. Three months after prosecutors announced a stunning capitulation, dropping all foreign bribery, money laundering, and fraud charges against Giffen in exchange for a guilty plea on a misdemeanor tax charge, U.S. District Judge William Pauley ordered no prison time and no fines in sentencing proceedings at a Manhattan courthouse. In handing down the non-sentence, Pauley seemingly validated the argument to which Giffen’s lawyers had clung since 2003: that whatever crimes Giffen had allegedly committed occurred while he was a highly valued foreign asset of the American intelligence. “Suffice it to say, Mr. Giffen was a significant source of information to the U.S. government and a conduit of secret information from the Soviet Union during the Cold War,” Pauley said today. Giffen may have been lesser-known than the other businessmen-cum-criminal-defendants of recent decades, but he was equally colorful, a swaggering, coarse-talking, heavy-drinking womanizer and a charismatic fixture on the Caspian Sea. He arrived in Kazakhstan in 1992, but the trajectory that ultimately landed him there began in 1969, when he started traveling to Moscow as an aide to a Connecticut metals trader. Giffen worked his way up to become a major player in a U.S-Soviet business association with top-level political ties in both Washington and Moscow.

Meanwhile, across the Caspian Sea, Bush had assigned a wide array of former Iran-Contra operatives to take a role in Azerbaijan. Initially, he sent in the covert operatives Richard Armitage and Richard Secord who worked with their old colleague from the Mossad, David Kimche, and their old arms running colleagues Adnan Kashoggi and Farhad Azima to hire, transport, and train several thousand Al Qaeda mercenaries to fight on behalf of the Azeri freedom fighters! Osama Bin Laden was reported to have been part of this mercenary force.

The September 11th Cover-up of the Black Eagle Trust and Project Hammer

Ten years later in 2001, these programmes had finally come back to haunt the U.S. policy makers. Most, if not all of these programmes appear to have stepped outside of the boundaries of the law. As a result, investigative agencies from Britain, Switzerland, Russia, Kazakhstan and the Philippines were putting pressure on Congress and the U.S. Department of Justice to open up the accounts in the banks used to finance these covert activities. Pressure was being put on the Swiss banking cartel to open its bullion records to public scrutiny. Full disclosure by these banks during an investigation would have resulted in a major exposure of U.S. Government complicity in some of the greatest financial frauds of the 1980s and early 1990s as well as 50 years of gold bullion theft by numerous U.S. and British government agencies. Moreover, investigation into these accounts would disclose a National Security secret known as the Black Eagle fund, and virtually every covert operation since World War II. Bringing an end to these investigations and preventing this disclosure was the sole objective for the destruction of the WTC and Pentagon. This was the sole motive for September 11th.

These investigative and legal pressures began to accumulate in 1997, and in February 1998, Osama Bin Laden declared his fatwa, and Atta started planning the September 11 attacks.

With the bonds out in the market, they had sat for ten years, like a ticking time bomb. At some point, they had to be settled - or cashed in, on September 12, 2001. The two firms in the U.S. most likely to be handling them would be Cantor Fitzgerald and Eurobrokers – the two largest government securities firms in the U.S. The federal agency mostly involved in investigating those transactions was the Office of Naval Intelligence. On September 11 those same three organizations: the two largest government securities brokers and the Office of Naval Intelligence in the US took near direct hits.

What happened inside the buildings of the World Trade on September 11 is difficult, but not impossible to discern. The government has put a seal on the testimony gathered by the investigating 911 Commission, and instructed government employees to not speak on the matter or suffer severe penalties, but there are a number of personal testimonies posted on the internet as to what happened in those buildings that day. Careful reconstruction from those testimonies indicates the deliberate destruction of evidence not only by a targeted assault on the buildings, but also by targeted fires and explosions. In the event that either the hijacking failed, or the buildings were not brought down, the evidence would be destroyed by fires.

The George H. W. Bush $240 billion fraud of 1991 was never repaid since the ten-year Brady bonds involved in the fraud transaction--purchased before September 13, 1991 using fraudulent collateral, faked signatures, and gold bullion as security--came due on September 12, 2001, the day after the 911 attacks. They were underwritten and held by the trustee, the Cantor-Fitzgerald bond brokerage firm, whose offices on floors 101-105 in the North Tower of the World Trade Center (WTC) were destroyed on 911 along with the Brady bond evidence. With that destruction the quirements to pay them back changed and it covers up another Bush family financial crime and sizable legal debt as well as a global terrorism network. The Black Eagle Fund is safe, for now ...

Even more revealing would be the actions of the Federal Reserve Bank and the Securities and Exchange Commission on that day, and in the immediate aftermath. As one of many coincidences on September 11, the Federal Reserve Bank was operating its information system from its remote back-up site rather than it’s downtown headquarters. The SEC and Federal Reserve system remained unfazed by the attack on September 11. All of their systems continued to operate. The two major security trading firms had their trade data backed up on remote systems. Nevertheless, the Commission for the first time invoked its emergency powers under Securities Exchange Act Section 12(k)2 and issued several orders to ease certain regulatory restrictions temporarily.

On the first day of the crisis, the SEC lifted “Rule 15c3-3 -Customer Protection--Reserves and Custody of Securities,” which set trading rules for the certain processes. Simply GSCC was allowed to substitute newly created securities for the physical securities destroyed during the attack.

Subsequent to that ruling, the GSCC issued another memo expanding blind broker settlements. A “blind broker” is a mechanism for inter-dealer transactions that maintains the anonymity of both parties to the trade. The broker serves as the agent to the principals’ transactions.

Thus the Federal Reserve and its GSCC had created a settlement environment totally void of controls and reporting – where it could substitute valid, new government securities for the mature, illegal securities, and not have to record where the bad securities came from, or where the new securities went – all because the paper for the primary brokers for US securities had been eliminated.

This act alone, however was inadequate to resolve the problem, because the Federal Reserve did not have enough “takers” of the new 10 year notes. Rather than simply having to match buy and sell orders, which was the essence of resolving the “fail” problem, it appears the Fed was doing more than just matching and balancing – it was pushing new notes on the market with a special auction.

If the Federal Reserve had to cover-up the clearance of $240 Billion in covert securities, they could not let the volume of capital shrink by that much in the time of a monetary crisis. They would have had to push excess liquidity into the market, and then phase it out for a soft landing, which is exactly what appears to have happened. In about two months, the money supply was back to where it was prior to 9/11.

It was the rapid rotation of the securities settlement fails in the aftermath of September 11th that appears to have allowed the Bank of New York and the Federal Reserve to engage in a securities refinancing that resulted in the American taxpayer refinancing the $240 billion originally used for the Great Ruble Scam.

The reports published by the Federal Reserve argue that the Federal Reserve’s actions increasing the monetary supply by over $300 billion were justified to overcome operational difficulties in the financial sector.

What appears to be the case is that the Federal Reserve imbalances reported on three consecutive days in the aftermath were largely concentrated at the Bank of New York, which is reported to represent over 90% of the imbalance, suggesting the Bank had been the recipient of massive fund transfers, and unable to send out transfers.This supposedly was due to major communication and system failures.In fact, none of the Bank of New York’s systems failed or went non-operational.

The Wall Street Journal reported:

“There is every reason to believe activities in the Bank of New York in the aftermath of September 11th are worthy of suspicion... At one point during the week after September 11, the Bank of New York publicly reported to be overdue on $100 billion in payments.”

It suggests that certain key unknown figures in the Federal Reserve may have been in collusion with key unknown figures at the Bank of New York to create a situation where $240 billion in off balance sheet securities created in 1991 as part of an official covert operation to overthrow the Soviet Union, could be cleared without publicly acknowledging their existence.These securities, originally managed by Cantor Fitzgerald, were cleared and settled in the aftermath of September 11th through the Bank of New York. The $100 billion account balance bubble reported by the Wall Street Journal as being experienced by the Bank of New York was the tip of a three-day operation, when these securities were moved from off-balance-sheet to the balance sheet.

This story gives the reader an idea of the intricate activities both to perpetrate and then to cover the crime, which was then used under its “terrorist attack” label as an excuse for the attack on Iraq, Afghanistan and whatever comes next.

Chapter Five: The Cold Reality Behind Nine Eleven

Examining The Perpetrators In Greater Detail

A Who’s Who Of The Criminal Underworld Overworld

The SEC and the Federal Reserve
George Bush and Barrick Gold
The Vulcans Play Chess
The Atta Connection
Yamashita’s Gold
Project Hammer
The Ruble Crash

Because most of us don’t really know George Bush the junior and what we do know comes from the television many of us see him as the dim bulb in the toy store. The following pages prove he’s a master manipulator and he’s managed to fool us all. He was the decider. Of course Dick Cheney played his role too. What’s more interesting to me is just how many unknown characters played masterful parts in the greatest scam in history, the real Sting, without Redford and Newman. At the far right is David Kimche who turns up in almost every covert operation ever conceived and to the left, the little guy with the cane and the dame, is Adnan Khashoggi. A billionaire several times over, a criminal arms trafficker and the money-man behind several major covert operations. Both men played significant parts in the events leading up to 911.

It is through Frank Nugan and his business partner Peter Abeles, that insight is provided to the flow of some of this Marcos treasure. Peter Abeles was reputed to be a member of what was known in Australia as the Hungarian Mafia and a partner with Henry Keswick. Sir Henry Keswick was the son of SOE officer John Keswick. The Keswick family had controlling interest in Jardine Matheson, which owned and operated Ferdinand Marcos’ gold smelting operation, which was opened in the mid 1970s.69  The Keswick family also had controlling interest in the Hong Kong and Shanghai Banking Corporation (HSBC), which was the largest holder of Santa Romana’s known gold accounts, although Citibank would be the largest recipient of the confiscated treasure. When Romana died, the bank refused to hand over his accounts to his heirs, and confiscated his accounts. 
 
It was Peter Abeles and Sir Henry Keswick that brought Canadian businessman Peter Munk back to business prominence from a scandalous insider-trading lawsuit in Canada in 1967. Munk would partner with Adnan Kashoggi, Sheik Kamal and Edgar Bronfmann in a series of operations which ultimately would evolve into Barrick Gold.    Barrick Gold would become an investment for nearly every gold bullion bank associated with the Marcos gold recovery.  These banks would loan gold to Barrick, which would then sell the borrowed gold as derivatives, with the promise of replacing the borrowed gold with their gold mining operation. The records of many of those transactions disappeared when Enron collapsed and the trading operation and all its records were taken over by UBS, another major recipient of Marcos gold. The FBI was reportedly conducting an investigation into those transactions, and the investigation files were kept on the 23rd floor of the North Tower of the WTC. A review of the personal accounts of September 11 now suggests that office was deliberately targeted with explosives prior to the collapse of the WTC.

While the story of Barrick is complicated and convoluted, portions of Household Finance were taken over by Harris Bank, which was then taken over by the Bank of Montreal.  The Bank of Montreal would be controlled by the Bronfmann family, which became heavily invested in Barrick Gold. It would be Edgar Bronfmann that would cut a deal with the Swiss banking cartel in 1998 that would derail U.S. Congressional and Israeli pressure for an investigation into the Holocaust and Marcos gold accounts.

”The Crimes of Patriots” by Jonathan Kwitny, a Wall Street Journal reporter and the author of ”Endless Enemies,” an influential book about United States foreign policy, is important and timely. It is not simply a case study of how the Nugan Hand Bank functioned as, in his words, ”a giant theft machine,” moving billions illegally around the world, engaged in financing the heroin trade, tax fraud and wound up bilking innocent investors of at least $50 million. But rather, ”The Crimes of Patriots” is an indictment of a gung-ho foreign policy that allows a mob of military and intelligence veterans to storm about the globe breaking laws and making money in pursuit of an extra-constitutional conception of the national interest which in reality was only in their own selfish self-interest.

U.S. intelligence operations had been siphoning off the Marcos gold for three decades. Ferdinand Marcos, however, continued to discover even more of the buried treasure. Marcos had started to sell it on the market during the 1970s in bits and pieces, with the assistance of Adnan Khashoggi. For some unknown reason, the Enterprise decided they wanted it all in 1986. That reason is now known – to fund a financial war against the Soviet Union. Vice President George Bush ultimately took the gold from Marcos in 1986 when Marcos was forced out of office. It is estimated that Marcos was in possession of 73,000 tonnes of gold at that time. In removing Marcos from office, the U.S. was supported by his General Fidel Ramos, who defected from Marcos’s ranks to support Corazon Aquino. Fidel Ramos was later made a Board member of the Carlyle Group. The Marcos gold was removed to a series of banks, most notably Citibank, Chase Manhattan, Hong Kong Shanghai Banking Corporation, UBS and Banker’s Trust, and held in a depository in Kloten Switzerland. Bush administrators involved in the forced departure of Marcos were Richard Armitage and Paul Wolfowitz. Adnan Khashoggi was also involved, helping move the gold. It was at this time that Khashoggi , Shiek Kamal Adham, Khalid bin Mahfouz, and Peter Munk would create a Canadian gold mining company called Barrick Gold.

• Adnan Khashoggi was the international arms merchant that has supported the October Surprise and Iran-Contra deals and helped Marcos sell his gold on the market;

• Sheik Kamal Adham was Chief of Saudi Intelligence;

• Khalid bin Mahfouz was a Saudi investor in several Bush family companies, notably Harken Energy, and a 20% owner of the BCCI criminal banking enterprise.

Much later, Kashoggi and Adham would be primary investors in a Dubai base company named Oryx. Oryx, along with U.S. investor Wally Hilliard would be the owner of Huffman Aviation where Mohammad Atta and several September 11 hijackers would do their flight training. Hilliard would later be shown to have the backing of the Bush family, Jeb Bush in particular.
 
Barrick would become a quiet gold producing partner for a number of major banks, and its activities subject to an FBI investigation into gold-price-fixing. The records on this investigation were kept in the FBI office on the 23rd floor of the North Tower which was destroyed by bomb blasts shortly before the Tower collapsed. The ultimate destination of the Golden Lily Treasure, and the source of the ‘loaned’ gold that flooded the market for 10 years  has never been officially explained.
 
A key player in the Marcos gold would be Banker’s Trust, which was taken over by Alex Brown  & Sons, after Banker’s Trust floundered financially on its Russian loans in the mid 1990s. These Russian loans were facilitated by Enron, starting in August of 1993, and very possibly were part of the Project Hammer takeover of Soviet industry. Alex Brown‘s involvement would bring to the forefront the names of three names of individuals who would play multiple roles in this mystery:

Those three individuals were Buzz Krongard, Mayo Shattuck and J Carter Beese Jr.

Buzz Krongard is reported as the mentor of Beese and Shattuck from their years together at Alex Brown. Additionally, he managed the merger between Bankers Trust and Deutschebank Alex Brown.  Bankers Trust, Zurich was a key Marcos gold holder. Krongard would move on to become Chairman of the investment bank A.B. Brown, Vice Chairman of Banker’s Trust, and Executive Director of the CIA at the time of September 11.
 
Mayo Shattuck would be reported to be the personal banker for Adnan Khashoggi and Edgar Bronfmann during their partnership at Barrick Gold. He would move on to become the CEO of Deutschebank who would resign as CEO for unexplained reasons the day after September 11, and would not be at the WTC office that day when the tower collapsed. It was his bank that was identified as the source of the illegal stock options that indicated there was insider trading taking advantage of the September 11 tragedy.

After September 11, he would immediately move over to the firm that would replace Enron as the primary oil and gold derivatives trader – Constellation Energy. Carter Beese, before showing up to work at Alex Brown was schooled at the CIA training facilities of the U.S. War College and John Hopkins. George H.W. Bush appointed him to the board of directors of the Overseas Private Investment Corporation in 1992. Since 1992, OPIC has provided more than $4.5 billion in finance and insurance to more than 140 projects in Russia. He was also Chairman of Riggs Bank, as well as an SEC Commissioner (appointed by Bush.) Additionally, he was Chairman at Alex Brown from 1994 to 1997, and would move from there to also be vice-Chairman of Bankers Trust. He was also President of Riggs Capital Partners.  Riggs controlled the famous Riggs-Valmet consultants who set up the international financial apparatus for the Russian oligarchs and rogue KGB allowing them to steal the Soviet treasury and destroy the Russian economy. Carter Beese’s death was reported as a  suicide in 2006.
 
What happened to the Marcos gold after it was confiscated by U.S. agents in 1986 has never been reported, but throughout the early 1990s, the world gold market would be befuddled by the mysterious appearance of thousands of tonnes of gold which appeared to suppress the price of gold. An initial lawsuit was opened against the U.S. Government by renowned lawyer Mel Belli, who represented a relative of the deceased Santa Romana, attempting to claim his gold from Citibank. That suit remained open in 2007. There were two subsequent lawsuits introduced in the U.S. against a number of financial institutions and Alan Greenspan to determine the source of this gold. Gold traders suspected the U.S. Treasury was the source of this gold, and contended that U.S. gold stock was being illegally manipulated for private gain by the bullion banks. The first lawsuit by Reginald Howe was seen as having merit and cause, but was denied by the court for jurisdictional reasons. A second suit by Donald W. Doyle of  Blanchard in which Barrick Gold was a primary defendant was settled out-of-court in 2006 and sealed under agreement. Barrick was also mentioned in the Howe suit as a knowledgeable party. In 1992, Barrick had received special treatment from George H.W. Bush during the last several days of his Presidency, when for a nominal $10,000, Barrick received rights to mine deposits ‘valued’ at $10 billion on public domain lands in Nevada. While there was nothing illegal to the arrangement, a special process put in place by President Bush allowed Barrick to use outside specialists to determine the value of the claim, allowing them to control the appraised value of the deposit. That special process was not made available to other mining applicants. Shortly thereafter, George H.W. Bush served on the Advisory Board of Barrick Gold. In the long term, the Barrick operation would create billions of dollars of paper gold by creating ‘gold derivatives’, under the reports that a Nevada claim whose potential was doubted by industry experts had actually produced a fortune. A major distribution channel for the sale of Barrick’s gold futures would be Enron. Enron would also become the vehicle by which oil and gas contracts from the former Soviet Union (vehicles for Soviet money-laundering) were processed, and it too would become collateral damage of the Cold War.

Interestingly, Barrick, which has no mining operations in Europe, uses two refineries in Switzerland: MKS Finance S.A. and Argor-Heraeus S.A. – both on the Italian border near Milan, a few hours away from the gold depository in Zurich.  The question that Barrick and other banks needed to avoid answering is: what gold was Barrick refining in Switzerland, as they have no mines in that region?  

Chapter Six - The Vulcans Declare War - The Collapse of The Ruble

The story of these bonds and their source of funding has been publicized on the internet for several years, but the story has never really gained much credibility, even though the bonds themselves have been at the heart of several law suits and criminal proceedings. The truth is out there and it’s right here too.

In trying to understand the origins of what seems at first glance to be a sort of cold war internet-legend, history suggests that in September of 1991, George H.W. Bush and Alan Greenspan did indeed finance $240 billion in bonds in a buyout of the Soviet Union as part of a broader program to end the Cold War through an attack on the economy of the Soviet Union. More-over, President George H.W. Bush had initiated a number of related covert operations to takeover certain sectors of the Soviet economy, and ten years later in 2001, these programs had finally come back to haunt the U.S. policy makers.  Most, if not all of these programs appear to have stepped outside of the boundaries of the law.  As a result, investigative agencies from Britain, Switzerland, Russia, Kazakhstan and the Philippines were putting pressure on Congress and the U.S. Department of Justice to open up the accounts in the banks used to finance these covert activities, which were being viewed as criminal activities in foreign courts. Alan Greenspan, the Treasury Department and key banks in the U.S. and Europe were being sued for gold-price fixing or illegal gold sales which appears to have it’s origins in the covert war chest used to wage this war.

These investigative and legal pressures began to accumulate in 1997, and in February 1998, Osama Bin Laden declared his fatwa, and Atta started planning the September 11 attacks.  To understand the decisions made in 1998 which brought about the attack on the World Trade Center, one must go back in history to appreciate the magnitude of exposure these bankers and government officials faced. Ten years prior to the planning that Atta was beginning, planning had begun for economic war on the Soviet Union. The source of funding for this covert war is traced to the end of World War II, but not until 1986 did the size of that war chest make the 1991 attack on the Soviet Union feasible. Understanding the source of that funding is absolutely critical to understanding why the World Trade Center was destroyed in 2001.    

Numerous sources have documented that at the end of World War Two, the treasury of the Japanese Empire was discovered in the Philippines by a staff member of General Charles Willoughby, who was General MacArthur’s chief of Intelligence. Then known as the Golden Lily Treasure, this mass of wealth had been accumulated by the Japanese with over fifty years of its army pillaging Southeast Asia and China.  It was deposited in the Philippines due to the U.S. submarine blockade of Japan. Reports vary, but documents in the public domain suggest the recovered treasure was in excess of 280,000 metric tonnes of gold, not including jewels and diamonds. After the War that staff member, Edward Lansdale and Severino Garcia Diaz Santa Romana tortured Major Kojima Kashii - General Yamashita Tomoyuki’s driver – until he revealed and created a map of the gold sites.

The trust they created takes its name from the Nazi Black Eagle stamped on the gold bars of the Third Reich. Gold bullion confiscated from the Reich and not returned to its rightful owners and their heirs was the original source of funding for this trust. Over the years, the significance of the Nazi gold would pale in comparison to the confiscated Japanese treasure. As the fund grew, it was distributed in private accounts across the globe in over 100 banks, and administered by General Earle Cocke, financial advisor to every U.S. President from Truman to Clinton, until his death. Most of the individuals who controlled these accounts are long dead, and attempts by their heirs to access these accounts have been met with stonewalling, false imprisonment or death under suspicious circumstances. Santa Romano’s heirs are one example. Mrs. V. K. Durham is one such individual. Her husband, Colonel Russell Herman, controlled the Durham Trust. This report will return to their story in a little while.
 
The men responsible for initiating and executing the confiscation of Nazi and Japanese treasury gold represent the most senior Intelligence officers in the U.S. and Britain at the end of World War II, and the Cabinet of the President of the United States. From the Office of Strategic Services – the OSS - the decision-makers were: 

• Wild Bill Donovan, the most decorated soldier of World War I and head of the OSS and his direct staff which included:

• Allen Dulles, future Director of the CIA and a principal of Bank of New York, and legal representative of Brown Brothers, Harriman.

• Henry S Morgan and Spencer Morgan.  Henry and Spencer were the sons of JP Morgan, and would return from their service to manage the financial empire that would evolve from JP Morgan to ‘Morgan and Chase’ to then to ‘Chase Manhattan’ to finally what in 2008 was known as Chase. 

• Paul Helliwell would become the primary covert operations banker for U.S. intelligence, setting up in Nassau Castle Bank and then Mercantile Bank and Trust. When Castle Bank needed to be closed, he set up Nugan Hand Bank. When the Nugan Hand Bank closed, he helped shift banking operations to Household Bank in Chicago, Illinois and to the notorious BCCI bank. His front man, and associate of Bill Donovan was General Earle (a.k.a. Erle) Cocke.

• General Earl Cocke would be the financial advisor to every President from Truman until Cocke’s death in the year 2000. Cocke was a true American hero in the classical sense: the recipient of the Silver Star, four Bronze Stars and four Purple Hearts.  He was also the coordinator for the Black Eagle Fund and Project Hammer, which would be used to bring down the Soviet Union and attempt to bring Soviet oil and gas resources under the control of Western investors.

• George S Moore; future President and CEO of First National City Bank of New York, which would evolve to become Citibank. Citibank would end up with over 116,000 metric tonnes of the Marcos Gold.

• General George Olmsted; was another World War II hero who subsequently was responsible for distributing U.S. Military Assistance, later becoming President of a Washington DC based bank holding company known as International Bank, which took over the CIA’s Mercantile Bank and Trust in the Bahamas. Under Olmsted’s leadership, International Bank sold Financial General Bankshares (FGB) then known as First American, to BCCI.
 
• William Colby  future CIA director and lawyer for Helliwell’s covert operation banks.

• William Casey, decorated World War II veteran, future Director of the CIA. Casey took over from Paul Helliwell the “Secret Intelligence Branch” of the OSS in Europe in 1945.

These men would form the core of the OSS that worked to create an “apparatus belli,” and virtually all of them would play a dominant role in the worlds’ most important banks. From the British Special Operations Executive (SOE) came participation and support for the OSS from John and William Keswick from the Jardine Matheson Bank. The Keswick family would also control the Hong Kong Shanghai Banking Corporation (HSBC). Fifty years later, the financial institutions represented  by these individuals would become the major financial banks in the world, along with the Swiss-German banks they hid their gold in.

The Gangsters

Lansdale and Santa Romana were made responsible for recovery of the treasure, confiscated the land where much of the gold was buried, and proceeded to mine it. Several sites sit on Clark Air Force Base. Over the years, Lansdale’s personal account in Zurich grew to over thirty thousand metric tonnes – greater than the national treasury of any modern nation state. Santa Romana had multiple accounts, the largest single account was valued at over 20,000 metric tonnes. While these accounts were created in their names, over time it would be shown these were actually government accounts. As a point of reference, the annual gold production of the world is estimated to be 1,200 tonnes, and in 1980 the U.S. gold repository at Fort Knox held only 8,221 tonnes.  There has been no public report of the Fort Knox inventory since 1980.  

Lansdale’s operation in the Philippines gave birth to most of the common features of modern covert operation for U.S. Intelligence: bribery, theft, torture, and false flag operations.  It would be Lansdale who would initiate a bond between the US intelligence organizations and the Israeli intelligence. It would be Lansdale that would set precedents for the Intelligence community to retain the services of organized crime on U.S. soil. Lansdale would hire American Mafia family heads Carlos Marcello, Santos Trafficante, Meyer Lansky, and Lucky Luciano in the U.S. war against Fidel Castro in 1961, much as he would hire the Italian Mafia families to wage an illegal operation against the Italian Communist party. 

From Douglas Valentines’ “A Review of The Strength of the Wolf: The Secret History of America’s War On Drugs,” we take the following pargraph:
 
“...the gangsters in Lansdale’s employ were the very gangsters the FBN was chasing -- Carlos Marcello, Santos Trafficante, Meyer Lansky, and Lucky Luciano. ... The CIA’s connection, of course, began with ‘Wild Bill’ Donovan’s old OSS and its recruitment of Lucky Luciano and the Corsican mafiosi to beat and murder Communist union dockworkers in Marseilles and elsewhere along the Mediterranean Coast, and to seize Sicily from the Communists. With CIA blessing, and using drug running as a way of financing activities, the Mafia set up drug supply routes back to the U.S. Many an FBN operation would trace the drugs back to Mafia sources, in turn supplied through Lebanon, Turkey, Afghanistan, and elsewhere in the Middle East, only to be thwarted by the far more powerful CIA stepping in and terminating the investigation on national security grounds.”

It would be Lansdale’s team that would propose and justify sacrificing innocent U.S. civilians in order to rally the American citizenry to support an invasion of foreign soil.  This was done under a program run by Brigadier General William H. Craig, who reported to Lansdale for the Cuba project. This project was called Operation Northwoods. Documents for this project would be accidentally released from the files of Robert McNamara into the public domain some 40 years later, exposing the degree to which Lansdale’s operatives would go to wage war. In these documents, the U.S. military acknowledged it could wage a “terror” campaign against US citizens in order to justify a second invasion of Cuba.  It would be the first official recognition that US intelligence operations used terrorist tactics.
 
It was Lansdale who oversaw the set up of assassination squads to target Fidel Castro while operating out of Florida. One of Lansdale’s proteges’ in the assassination business was Ted Shackley, would go on to set up assassination squads in Vietnam under Operation Phoenix. Shackley would take Felix Rodriguez with him from the Cuba Project to Laos for a secret war in support of Vietnam. Felix Rodriguez was a close confidante of former CIA Director George H.W. Bush, and maintained direct phone contact with Bush when Bush became Vice President under Ronald Reagan. When the U.S. intelligence funded, Iran-Contra gun running pilot was shot down in Nicaragua, it was Rodriguez that called George Bush to let him know that the pilot had been captured alive. In Vietnam, Shackley and Rodriguez would expand their circle of operatives to include Oliver North, Richard Secord and Richard Armitage. North, Secord and Armitage had proven themselves as men who could ‘get results’ against the communists by operating outside of the rules. They would provide the second generation of U.S. black ops leadership. The ‘whatever it takes’ zeal that these men developed in service of their country was ruled unacceptable in U.S. Military courts at the Mai Lai Massacre trial, but it was still condoned by ‘apparatus belli’ spawned by Wild Bill Donovan.

Theodore G. “Ted” Shackley, Jr. (at left, July 16, 1927 - December 9, 2002) was an American CIA officer involved in many important and controversial CIA operations during the 1960s and 1970s. He is one of the most decorated CIA officers. He was commonly known as the “Blond Ghost” due to his dislike of being photographed. In 1976, he was appointed Associate Deputy Director for Operations, and was in charge of the CIA’s worldwide covert operations.

Shackley is perhaps best known for his involvement in CIA “Black Operations”, such as “Phoenix” , “Mongoose” and “Operation Cherry.” Despite his retirement in 1979, controversy continued to surround Shackley over alleged involvement in the alleged “October Surprise” of 1980, and later the “Iran-Contra” affair of the mid eighties.

He had hoped to return to the Agency, and according to Rafael Quintero, during the 1980 presidential campaign, Shackley met Bush almost every week, and his wife, Hazel, also campaigned for Bush.

His autobiography, Spymaster: My Life in the CIA, was published in April, 2005. Former CIA chief, Richard Helms described Shackley as a quadruple threat at his inauguration into the CIA Hall of Fame in 1979. “Ted,” said Helms at the time, “Is what we call in the spook business a quadruple threat---Drugs, Arms, Money and Murder”

CIA agent Ted Shackley, called the Blond Ghost, the consummate ‘spook,’ shows up in the index of practically every book ever written on the illegal drug trade, political assassination, and sabotage from the earliest days of the U.S. takeover from the French in Vietnam to Operation Mongoose and the Phoenix Program, right through Iran-Contra. He famously said: “I fought the communists for twenty-eight years. I did a lot of bad things for my country. But I loved my country and did what I thought best.”

Of course, the case is easily made that Shackley also did a lot of bad things TO his country. Jonathan Kwitny, in his book The Crimes of Patriots: A True Tale of Dope, Dirty Money, and the CIA, sums up Shackley’s career thus: “Looking at the list of disasters Shackley has presided over during his career, one might even conclude that on the day the CIA hired Shackley it might have done better hiring a KGB agent; a Soviet mole probably could not have done as much damage to the national security of the United States with all his wiles as Shackley did with the most patriotic of intentions.”

While in Southeast Asia, North, Secord, Armitage, Rodriguez and Shackley would finance their operations through the Nugan Hand bank in Australia rather than with funds under congressional oversight. Nugan Hand Ltd. was founded in Sydney in 1973 by Australian lawyer Frank Nugan (who was reputedly associated with the Mafia) and former U.S. Green Beret Michael Jon Hand who operated in Northern Laos as part of the Phoenix Project. They were assisted in this by Paul Helliwell, one of the primary OSS agents in the original Yamashita gold operation.  Frank Nugan’s family ran the primary supply shipping operation between the U.S. Navy base in the Philippines and Australia. It is through Frank Nugan and his business partner Peter Abeles, that insight is provided to the flow of some of this Marcos treasure. Peter Abeles was reputed to be a member of what was known in Australia as the Hungarian Mafia and a partner with Henry Keswick. Sir Henry Keswick was the son of SOE officer John Keswick.

The Keswick family had controlling interest in Jardine Matheson, which owned and operated Ferdinand Marcos’ gold smelting operation, which was opened in the mid 1970s. The Keswick family also had controlling interest in the Hong Kong and Shanghai Banking Corporation (HSBC), which was the largest holder of Santa Romana’s known gold accounts, although Citibank would be the largest recipient of the confiscated treasure. When Romana died, the bank refused to hand over his accounts to his heirs, and confiscated his accounts.It was Peter Abeles and Sir Henry Keswick that brought Canadian businessman Peter Munk back to business prominence from a scandalous insider-trading lawsuit in Canada in 1967. Munk would partner with Adnan Kashoggi, Sheik Kamal and Edgar Bronfmann in a series of operations which ultimately would evolve into Barrick Gold. Barrick Gold would become an investment for nearly every gold bullion bank associated with the Marcos gold recovery.  These banks would loan gold to Barrick, which would then sell the borrowed gold as derivatives, with the promise of replacing the borrowed gold with their gold mining operation. The records of many of those transactions disappeared when Enron collapsed and the trading operation and all its records were taken over by UBS, another major recipient of Marcos gold.

The FBI was reportedly conducting an investigation into those transactions, and the investigation files were kept on the 23rd floor of the North Tower of the WTC. A review of the personal accounts of September 11 now suggests that office was deliberately targeted with explosives prior to the collapse of the WTC.
 
The Nugan Hand Bank would be one of the many banks used for transferring the Marcos gold from the Philippines into covert operations.  Brigadier General Earle Cocke was the President in charge of the Nugan Hand Washington Office, and would be the key manager of Project Hammer and the Black Eagle Trust. Other Nugan Hand Bank employees from U.S. Intelligence operations included:

• General Leroy J. Manor (manager of the Manila branch) former chief of staff of the U.S. Pacific; Command and deputy director for counterinsurgency and special activities; he shared his office with Marcos’s brother-in-law;

• General Edwin F. Black (president of Hawaii branch) former commander of U.S. forces in Thailand;
 
• Richard Secord (all around operative with responsibilities in Iran-Contra, Vietnam assassinations, creating Mujahadeen armies in Afghanistan, and central Asia); 

• Dale Holmgreen (former chairman CIA’s Civil Air Transport, manager of the Taiwan branch); 

• Richard L. Armitage (was special consultant to the Pentagon in Thailand who oversaw the transfer of heroin profits from Indonesia to Shackley’s account in Tehran);

• William Colby (former director of the CIA as legal counsel);

• Rear-Admiral Earl P. Yates, the former Chief of Staff for Policy and Plans of the U.S. Pacific Command and a counter-insurgency specialist, became president of the company;

• Walter McDonald (retired CIA deputy director, headed Annapolis branch);

• Dr. Guy Parker (an expert from the RAND Corporation who came on as a bank consultant) senior Republican foreign policy adviser;
 
The bank was founded as a funding operation for U.S. covert operations in Australia, and was a conduit for Marcos gold. One of the objectives of the ‘bank’ was to bring about the pre-mature closure of the Australian labor government. The Whitlam government had quietly threatened to nationalize subsidiaries of American corporations.
 
“The subsequent inquiries have established the Nugan-Hand bank was to be the organisation used as cover for the operations of Task Force 157. The Task Force 157 was a group set up by Henry Kissinger and it was set up in a quite strange way. It was a mini-CIA which was actually separate from the CIA and probably was set up by Kissinger so he could deny any connection between what the Task Force 157 was doing and the CIA. Nevertheless, the personnel of Task Force 157 included Ted Shackley, who was one of the head of sabotage operations against Cuba, he was Station Chief in Saigon during the Vietnam War, and he was the Chief of the CIA Western Hemisphere Division, so with an impeccable CIA record like that it would be very difficult to disassociate him from what the CIA was doing.  The concept of Task Force 157 seems to have been two-fold: firstly, to set up operations against the Whitlam government.  And secondly, to go ahead with using Australia as a base for certain clandestine U.S. operations such as arms dealing and smuggling of contraband goods.” 

The Nugan Hand Bank was closed in January 1980 within several days of the unsolved murder or suicide of Frank Nugan. The reasons for his murder have never been identified, but during that time, the operation was at risk of being exposed.
 
Bobby Inman, former Deputy Director of the National Security Agency and Deputy Director of the CIA, said on two occasions that he expressed deep concern that investigations of Nugan-Hand would lead to disclosure of a range of dirty tricks played against the Whitlam government (Australian labor government). John Hand would disappear a few days after the death of Frank Nugan, never to be seen again. Bank operations were transferred to HouseHold Bank in Chicago, Illinois, where William Colby would become the unofficial counsel. There, according to Herman Skolnick, Household Bank would continue the work of Nugan Hand.
 
Among their functions, transferring covert operations funds, assassination team funding, skimming of dope,  gambling,  and gun-running   loot;   military,  civilian,  international. U.S. Military, Admirals and Generals, as well as intelligence community officials, supposedly either “retired”, or “on leave”, operated Nugan-Hand, and aided thereafter Household and its numerous units and subsidiaries. The “tracking the money” project was conducted over-all by Household International with the assistance reportedly of Systematics, a banking  computer  services  firm, originally a subsidiary of an Arkansas-based operation. Targeted have been the banks of both friends and enemies alike. Vince Foster and his crew --  Hillary Rodham Clinton and Webster Hubbell -- used as a cover  that they were supposedly “attorneys” for Systematics. Vincent and Hillary’s role in this was arranged and supervised by a Chicago-based law firm Hopkins  & Sutter. 
 
Many units of Household Finance were shortly thereafter taken over by Harris Bank, which was then taken over by the Bank of Montreal. The Bank of Montreal would be controlled by the Bronfmann family, which became heavily invested in Barrick Gold. It would be Edgar Bronfmann that would cut a deal with the Swiss banking cartel in 1998 that would derail U.S. Congressional and Israeli pressure for an investigation into the Holocaust and Marcos gold accounts. By the end of the 1980s, the banks that had their agents in the OSS intelligence operations at the end of World War II were the banks that would be the dominant global players by 2001.

                • Morgan Guaranty Trust
                • Chase Manhattan
                • Citibank
                • Jardine Matheson
                • UBS
                • Deutschebank
                • HSBC 

The covert operations funded by the Black Eagle Trust in the 1960s and 1970s became visible stains on the global image of the U.S. despite all efforts to keep them under cover. In an effort to clean house, President Jimmy Carter would order the retirement of over 800 covert operatives. Many of these operatives would move into private consulting and security firms and be employed as subcontractors for covert operations. Thus began a loose association of private operatives that would be referred to as “the Enterprise” in the years to come. George H.W. Bush, having been CIA Director, had many acquaintances in this group, and would work with them to restore their influence and control over U.S. foreign policy and the foreign investment opportunities it created for their benefit.

The Bush Family Takes The Helm - Schemes and Scams, Murder and Treason

Unlike other presidential administrations, the Reagan administration was uniquely characterized by having the Vice President - who at that time was George H.W. Bush – in control of Foreign Policy.  That control was established in an agreement between Bush and Reagan prior to their election. The agreement was later formalized with Executive Order 12333.80 As William Casey’s biographer pointed out, Reagan  “knew little about foreign policy and cared less and as a result sharpies around the President took over and they ran him.”
 
In November 1980, Ronald Reagan was elected to the White House on a slim margin of votes, defeating incumbent Jimmy Carter. The few percentage points in votes which were responsible for giving Reagan and Bush the victory were attributed to President Carter’s inability to rescue and free hostages being held in Iran. The failed rescue attempt of the hostages was reported to be the responsibility of Oliver North, Richard Secord and Albert Hakim, who planned and controlled the rescue operation. In the meantime, it is reported that the release of the hostages by Iran was deliberately delayed by negotiations led by George Bush, and David Kimche of the Israeli Mossad- the Israeli equivalent of the U.S. Central Intelligence Agency, and Saudi businessman Adnan Khashoggi. For $40 million dollars, the Iranians would delay the release of the hostages until after the election. The men involved in this operation, referred to in the chapters of history as “the October Surprise” were:

                    • George HW Bush
                    • Adnan Khashoggi
                    • Oliver North
                    • David Kimche
                    • Bob Gates
                    • Richard Secord
                    • William Casey

Sixty-nine days after the Inauguration, John Hinkley attempted to assassinate President Reagan.  Eight days prior to that attempt, there were a series of unprecedented policy changes that put George Bush in charge of Foreign Policy and National Security. On March 22, 1981, Bush took control of the “Emergency Crisis Management Staff,” in a Cabinet meeting. That role conferred new roles and powers on Bush, including “unprecedented powers for a vice-president.” Vice President George Bush was named the leader of the United States ``crisis management ‘’ staff, as a part of the National Security Council system. Then, on March 30, 1981, eight days after these powers were conferred on Bush, President Reagan was shot. On that day, there were actually two unsigned versions of National Security Directive 1 (NSDD1), one which made Al Haig and another which made George Bush the caretaker of the “red phone” in case of National Emergency. The content of either version has never been released to the public.
 
Sixty nine days after the inauguration, the man whose operatives had bribed terrorists in violation of American policy and law, the man whose close colleagues and advisors planned a failed rescue attempt which cost the lives of US soldiers – all with the purpose of controlling the American Presidency, was now in control of US foreign policy.
 
The father of the assassin that put Bush in power was John (a.k.a. Jack) Hinckley, Sr., who was the owner of Vanderbilt Oil.  Hinckley had been giving maximum donations every year to George H.W. Bush since he started running for Congress. When the Hinckley oil company, Vanderbilt Oil started to fail in the 1960s, Bush, Sr.’s, Zapata Oil financially bailed out Hinckley’s company. Hinckley had been running an operation with six dead wells, but he began making several million dollars a year after the Bush bailout.”  John Hinckley, Sr., had also been extensively involved in an executive position with U.S. Ministries for World Vision, a widely reported CIA front operation.  After the Jonestown Massacre, World Vision took over Jonestown. In “The Black Hole of Guyana:The Untold Story of the Jonestown Massacre,” John Judge painstakingly documents that Jonestown was a CIA operation for converting dispossessed and lonely refugees into assassins. In an operation that was falling under Congressional investigation, the evidence had to be eliminated – and nearly all the inhabitants were murdered to prevent disclosure.
 
The assassin John Hinckley’s brother Scott Hinckley, and Neil Bush were not only friends, but had recently partied together and were scheduled to have dinner with each other that very day. Also, on the very day John Hinckley attempted to kill Reagan, three Department of Energy auditors were pressuring Hinckley’s brother Scott, with a $2 million penalty.  This penalty would later disappear. George H.W. Bush, with his new found ‘Emergency’ powers, would deny Al Haig’s formal request for an investigation into the assassination attempt.

The covert business dealings with the Iranians and Israelis which originated with Kashoggi and Kimche in July 1980 in Hamburg with the October Surprise arrangement, would grow into a larger covert operation over the years, and provide an opening to the Soviet KGB that would allow the U.S. to fund a coup against Gorbachev in 1991. In this operation, a number of key Bush policy advisors and operatives would conduct what they collectively viewed should be the “honorable and right” foreign policy of the U.S., rather than what Congress had determined what that policy should be by law.  The October Surprise operation would grow and be overshadowed by the larger Iran-Contra operation. Members of Bush’s covert intelligence cadre sold weapons to Iran, an avowed enemy of the U.S., and illegally used the profits to continue funding anti-Communist rebels, the Contras, in Nicaragua. Viewed as anti- communists, the CIA Director characterized them as being motivated by greed. The premise of using covert funding to fight the cold war would re-emerge a few short years later when the Bush cadre decided to take on the Soviet Union.

The entire Iran-Contra operation almost fell apart in 1986 and became public when the Nicaraguan government shot down a U.S. plane carrying weapons to the Contra rebels, and captured the U.S. pilot- Eugene Hasenfus. The discovery of these shipments - a violation of U.S. law - initiated a series of Congressional investigations and an investigation by an Independent Counsel.  The meetings in Hamburg and Paris which were held to prevent an October Surprise were never mentioned, and the two pilots who flew Bush to Paris were immediately imprisoned and discredited when they sought to testify in front of Congress.  A court would later find the charges against the pilots to be without support, but by that time their testimony had been blocked and discredited. 
 
Gunther Russbacher claimed to have videotape proof and sixteen witnesses to his having flown George Bush to one of the October Surprise meetings. 
 
Ari Ben-Menashe a major Israeli coordinator of these deals, would also testify that he had personally seen George H.W. Bush at the Paris meeting: Ben-Menashe stated:
 
“In June, I also testified under oath, in closed session, before the Senate Foreign Relations committee. I stated unequivocally that I had seen Bush in Paris.” 
 
According to Ari Ben-Menashe, a major Israeli coordinator of these deals, four of the five supply chains set up to arm Iran were never investigated, and continued to operate right through the Congressional Hearings on Iran Contra. In his book, “Profits Of War” Ari Ben-Menashe states:
 
“...Tower knew perfectly well there was an ongoing arms channel. Yet the Tower Commission made no mention of it. In February 1987, while Tower was investigating a minor part of the sales to Iran, the Joint Israel-Iran Committee, together with Robert Gates, ran the biggest ever arms supply operation to Iran. The official inquiry was better than any smokescreen we...could have dreamed up.” 
 
Quite simply, the Iran-Contra team continued to violate the law even while being investigated by Congress. There were a few indictments and convictions as a result of the Iran-Contra affair, but generally those involved were exonerated. Bush later pardoned the few lower level government officials that were indicted and convicted. Dick Cheney was one of the Congressional committee members that decided that no crimes had been committed, and that Bush was not involved. Robert Mueller, who as U.S. Attorney headed the Noriega (a related Iran-Contra inquiry)  and the BCCI investigations, found no evidence pointing to illegal behavior by George H.W. Bush. His subsequent investigation into Enron found no wrong doing by Enron. Mueller would later be called up to head the WTC Investigation.

Chapter Seven - 400 Dead Men
 
To support this cover-up of the Iran-Contra operations, witnesses had to be silenced. Navy Lt. Commander Alexander Martin was, in effect, the chief accountant for the Reagan/Bush drug operations run by Marine Lt. Col. Oliver North, at right, through an obscure arm of the White House National Security Council called the National Programs Office. In a radio interview with talk show host Tom Valentine Martin spoke not only of drugs and money, but death. “Out of roughly 5,000 of us who were originally involved in Iran-Contra, approximately 400, since 1986, have committed suicide, died accidentally or died of natural causes. In over half those deaths, official death certificates were never issued. In 187 circumstances, the bodies were cremated before the families were notified. Martin then said he was, “lying low.”
 
The Manhattan D.A. who closed the American branch (of the BCCI) announced that 16 witnesses had died in the course of investigating the bank’s entanglements in covert operations of the CIA, arms smuggling to Iraq, money laundering and child prostitution.
 
Ari Ben Menashe writes that Amiran Nir was assassinated to prevent his testimony at the trial of Oliver North.That testimony would have implicated George H.W. Bush. Senator John Heinz and Senator Towers would later meet the same fate as Amiran Nir – death by plane crash. The pattern of taking the lives of anyone who created a risk of exposure of these National Security operations was repeated in 1991, and again in 2001.
 
The names of the individuals involved in the Iran-Contra scandal include:

            • George H.W. Bush
            • Adnan Khashoggi
            • Oliver North
            • David Kimche
            • Richard Secord
            • Richard Armitage
            • Russell Hermann
            • Bob Gates
            • Shiek Kamal Adham
            • Khalid bin Mahfouz
            • Dick Cheney
            • Farhad Azima
            • Alton G. Keel Jr.
            • Bruce Rappaport
            • Alfred Hartmann
            • Porter Goss
            • Richard Armitage
            • Shaul Eisenberg
            • Robert Mueller
 
Most of these men would become the key operatives in the secret war  against the Soviet Union which created the circumstances that necessitated the National Security sacrificial murders referred to as Nine Eleven.

As the Iran-Contra operation was unfolding, on the other side of the world, another important development was occurring. Ferdinand Marcos, the pro-U.S. dictator of the Philippines was being muscled by the Bush foreign policy machine to hand-over to the U.S. by what is estimated by some to be possibly as high as an additional 73 thousand tons of the remaining Golden Lily Treasure. At that time, the treasure had an estimated value of $500 to $600 billion. 
 
The individuals associated with this operation were:

        • George HW Bush
        • Adnan Khashoggi
        • Oliver North
        • Russell Hermann
        • Paul Wolfowitz

The Arab Connection

U.S. intelligence operations had been siphoning off the Marcos gold for three decades. Ferdinand Marcos, however, continued to discover even more of the buried treasure. Marcos had started to sell it on the market during the 1970s in bits and pieces, with the assistance of Adnan Khashoggi. For some unknown reason, the Enterprise decided they wanted it all in 1986. That reason is now known – it was to fund a war against the Soviet Union.

Vice President George Bush ultimately took the gold from Marcos in 1986 when Marcos was forced out of office. It is estimated that Marcos was in possession of 73,000 tons of gold at that time. In removing Marcos from office, the U.S. was supported by his General Fidel Ramos, who defected from Marcos’s ranks to support Corazon Aquino. Fidel Ramos was later made a Board member of the Carlyle Group. The Marcos gold was removed to a series of banks, most notably Citibank, Chase Manhattan, Hong Kong Shanghai Banking Corporation, UBS and Banker’s Trust, and held in a depository in Kloten Switzerland. Bush administrators involved in the forced departure of Marcos were Richard Armitage and Paul Wolfowitz. Adnan Khashoggi was also involved, helping to move the gold. It was at this time that Khashoggi , Shiek Kamal Adham, Khalid bin Mahfouz, and Peter Munk would create a Canadian gold mining company called Barrick Gold. 

• Adnan Khashoggi was the international arms merchant that has supported the October Surprise and Iran-Contra deals and helped Marcos sell his gold on the market;

• Shiek Kamal Adham was Chief of Saudi Intelligence;

• Khalid bin Mahfouz was a Saudi investor in several Bush family companies, notably Harken Energy, and a 20% owner of the BCCI.

Much later, Kashoggi and Adham would be primary investors in a Dubai base company named Oryx. Oryx, along with U.S. investor Wally Hilliard would be the owner of Huffman Aviation where Mohammad Atta and several September 11 hijackers would do their flight training. Hilliard would later be shown to have the backing of the Bush family, Jeb Bush in particular. 
 
Barrick would become a quiet gold producing partner for a number of major banks, and its activities subject to an FBI investigation into gold-price-fixing. The records on this investigation were kept in the FBI office on the 23rd floor of the North Tower which was destroyed by bomb blasts shortly before the Tower collapsed. The ultimate destination of the Golden Lily Treasure, and the source of the ‘loaned’ gold that flooded the market for 10 years  has never been officially explained.
 
A key player in the Marcos gold would be Banker’s Trust, which was taken over by Alex Brown  & Sons, after Banker’s Trust floundered financially on its Russian loans in the mid 1990s. These Russian loans were facilitated by Enron, starting in August of 1993, and very possibly were part of the Project Hammer takeover of Soviet industry. Alex Brown‘s involvement would bring to the forefront the names of three names of individuals who would play multiple roles in this mystery:

• Buzz Krongard
• Mayo Shattuck
• J Carter Beese Jr.

Buzz Krongard is reported as the mentor of Beese and Shattuck from their years together at Alex Brown. Additionally, he managed the merger between Bankers Trust and Deutschebank Alex Brown.  Bankers Trust, Zurich was a key Marcos gold holder.   Krongard would move on to become Chairman of the investment bank A.B. Brown, Vice Chairman of Banker’s Trust, and Executive Director of the CIA at the time of September 11.
 
Mayo Shattuck would be reported to be the personal banker for Adnan Khashoggi and Edgar Bronfmann during their partnership at Barrick Gold.107 He would move on to become the CEO of Deutschebank who would resign as CEO for unexplained reasons the day after September 11, and would not be at the WTC office that day when the tower collapsed. It was his bank that was identified as the source of the illegal stock options that indicated there was insider trading taking advantage of the September 11 tragedy. After September 11, he would immediately move over to the firm that would replace Enron as the primary oil and gold derivatives trader – Constellation Energy.
 
Carter Beese, before showing up to work at Alex Brown was schooled at the CIA training facilities of the U.S. War College and John Hopkins. George H.W. Bush appointed him to the board of directors of the Overseas Private Investment Corporation in 1992. Since 1992, OPIC has provided more than $4.5 billion in finance and insurance to more than 140 projects in Russia. He was also Chairman of Riggs Bank, as well as an SEC Commissioner (appointed by Bush.) Additionally, he was Chairman at Alex Brown from 1994 to 1997, and would move from there to also be vice-Chairman of Bankers Trust. He was also President of Riggs Capital Partners. Riggs controlled the famous Riggs-Valmet consultants who set up the international financial apparatus for the Russian oligarchs and rogue KGB allowing them to steal the Soviet treasury and destroy the Russian economy. Carter Beese’s death was reported as a  suicide in 2006.
 
What happened to the Marcos gold after it was confiscated by U.S. agents in 1986 has never been reported, but throughout the early 1990s, the world gold market would be befuddled by the mysterious appearance of thousands of tons of gold which appeared to suppress the price of gold. An initial lawsuit was opened against the U.S. Government by renowned lawyer Mel Belli, who represented a relative of the deceased Santa Romana, attempting to claim his gold from Citibank. That suit remained open in 2007. There were two subsequent lawsuits introduced in the U.S. against a number of financial institutions and Alan Greenspan to determine the source of this gold.

Gold traders suspected the U.S. Treasury was the source of this gold, and contended that U.S. gold stock was being illegally manipulated for private gain by the bullion banks. The first lawsuit by Reginald Howe was seen as having merit and cause, but was denied by the court for jurisdictional reasons. A second suit by Donald W. Doyle of Blanchard in which Barrick Gold was a primary defendant was settled out-of-court in 2006 and sealed under agreement. Barrick was also mentioned in the Howe suit as a knowledgeable party. In 1992, Barrick had received special treatment from George H.W. Bush during the last several days of his Presidency, when for a nominal $10,000, Barrick received rights to mine deposits ‘valued’ at $10 billion on public domain lands in Nevada. While there was nothing illegal to the arrangement, a special process put in place by President Bush allowed Barrick to use outside specialists to determine the value of the claim, allowing them to control the appraised value of the deposit. That special process was not made available to other mining applicants.  Shortly thereafter, George H.W. Bush served on the Advisory Board of Barrick Gold. In the long term, the Barrick operation would create billions of dollars of paper gold by creating ‘gold derivatives’, under the reports that a Nevada claim whose potential was doubted by industry experts had actually produced a fortune. A major distribution channel for the sale of Barrick’s gold futures would be Enron. Enron would also become the vehicle by which oil and gas contracts from the former Soviet Union (vehicles for Soviet money-laundering) were processed, and it too would become collateral damage of the Cold War, the Vulcans and Project Hammer.
 
Interestingly, Barrick, which has no mining operations in Europe, uses two refineries in Switzerland: MKS Finance S.A. and Argor-Heraeus S.A. – both on the Italian border near Milan, a few hours away from the gold depository in Zurich. The question that Barrick and other banks needed to avoid answering is: What gold was Barrick refining in Switzerland, as they have no mines in that region?  

Chapter Eight - The Vulcan’s Declare War on the Soviet Union
 
Having found a source of funding for an economic war against the Soviet Union, it appears the Bush ‘war cabinet’ who called themselves “the Vulcans” laid out a four phase strategy. These Vulcans would be the very same individuals brought back to public service by George Bush Jr., eight years later, under the guidance of the elder Bush and Dick Cheney.
 
In preparation for their war against Communism, and in the years leading up to the failed – or faux-coup of August 1991 which initiated the last days of Gorbachev and the rise of Yeltsin, Bush and a cadre of rogue KGB officials
built a complex international network of banks and holding companies that would be used to takeover ownership of the Soviet economy. Over 300 of these KGB traitors who supported this operation would later be re-located to the US in the early 1990s and pensioned. Periodic CIA reports to Congress would review KGB and organized crime complicity in the takeover of Russia by criminal elements, but all mention of the formidable role of the U.S. would be expunged from Congressional oversight and the public record.
 
In the first phase of the economic attack on the Soviet Union, George Bush  authorized Leo Wanta and others to destabilize the ruble and facilitate the theft of the Soviet/Russian treasury. This would result in draining the Russian treasury of between 2,000 to 3,000 tons of gold bullion, ($35 billion at the time). This step would be critical to prevent a monetary defense of the ruble and destabilize the currency. The gold was ‘stolen’ in March of 1991, facilitated by Leo Wanta and signed off by Boris Yeltsin’s right hand man. The majority of the leaked reports from
the CIA and FBI suggest the theft of the Russian treasury was a KGB and Communist party operation, but what
those reports omitted was the extensive involvement of Boris Yeltsin, the U.S. CIA and the U.S. banking industry.

A key player on the Soviet side of this theft with Wanta was Gregori (a.k.a. Georgy, Georgii) Matyukhin, former KGB official who had been made the first Chairman of the Central Bank, and after the collapse of the economy, was made to resign “for health reasons”. In fact, it was Matyukhin who authorized large capital transfers to Chechnya, the source of the Chechen ‘advice notes’ that Kozlov attributed to as the source of the theft of the Soviet Treasury. Koslov stated:
 
“It all began in the summer of 1991 when Ruslan Khasbulatov, First Deputy of Boris Yeltsin who was then Chairman of the Supreme Soviet of the RSFSR, decided to help his fellow countrymen and instructed head of the Central Bank of the RSFSR Grigory Matyukhin to provide peasant farms in Chechnya with credits.... after the fulfilment of Khasbulatov’s assignment, the tiny republic became the largest issuer in the RSFSR. The share of the incomes of the population paid through money printing exceeded 40% (17% on average across the country). The cash sums received by co-operatives in banks exceeded the cash which they returned by 50 times, which was also far above the level of other territories.” Later, it was discovered that Matyukhin was actually working for the CIA.  
 
In the second phase, Wanta, George Soros and a group of Bush appointees would begin to destabilize the ruble. There were two major operations: the largest was coordinated by Alan Greenspan, Oliver North, and implemented by Leo Wanta. They are accused of fronting $240 billion in covert securities to support the various aspects of this plan. These bonds were created (in part or in whole) from a secretive Durham Trust, managed by ex- OSS/CIA officer, Colonel Russell Hermann.  This war chest had been created with the Marcos gold and possibly augmented by illegal inverted yield curve gains on the collateral held by the U.S. during the global debt resettlement on 1989.

The Soviet Coup ~ It’s All About The Money
 
The coup would be the third phase. The KGB was well aware of President Bush’s eagerness to see a collapse of Gorbachev. Many who observed the coup described it as a faux coup, which was never intended to succeed. Yeltsin himself writes in his memoirs that the coup was actually a veiled, pro-Yeltsin coup. The generals who conducted the coup said the same.
 
The 1991 coup against Gorbachev was engineered by KGB General Vladimir Kruchkov who reported to General Victor Cherbrikov.  Both of these men were business partners with Robert Maxwell, a British financial mogul, a documented Israeli secret service agent, and a representative of U.S. intelligence interests. Maxwell assisted Cherbrikov in selling military weaponry to Iran and the Nicaraguan Contras during the course of the Iran Contra deals, and made hundreds of millions of dollars available to Cherbrikov’s Russian banks. Shortly before the attempted coup of 1991, Maxwell met with KGB General Vladimir Kruchkov on Maxwell’s private yacht. A year earlier, it had been Maxwell that initiated the dialogue about a coup with Kruchkov. In the same month as the coup, Maxwell was in Russia and received $780 million dollars from the CIA via the Israelis to pass on to General Kruchkov. Maxwell’s chief U.S. connection was Senator John Tower, who was long time confidante of George H.W. Bush and participant in the October Surprise. After his Senatorial career, Tower actually worked for Maxwell on the Board of one of Maxwell’s smaller publishing firms - Pergamon-Brassey. 

In this operation, Maxwell was supported by a former four star general, a retired U.S. Air Force General and a retired British Major General. It was Tower who released a statement exonerating Bush from involvement in the October Surprise before the Tower Commission had interviewed even a third of the scheduled witnesses. This statement is now seen as all the more brazen in that the commission was provided with eye-witness testimony from two individuals who said they saw Bush at the meeting, as well as being provide a list of 16 more witnesses and a video-tape. Tower had arranged for the Israeli government to provide a $1 billion dollar loan to Maxwell in 1988, and given the generosity of U.S. financial aid to Israel, it might be fair to argue this was a pass-through loan. Tower had introduced Maxwell to George Bush in 1976, for the sole purpose of using Maxwell as an intermediary between Bush and the Soviet Intelligence.   

Shortly after the coup, Maxwell died mysteriously on his yacht after attempting to blackmail the U.S. and Israeli intelligence operations. It is widely rumored that he was assassinated by either CIA or Mossad agents in lieu of them delivering his expected blackmail payment. Maxwell’s link back to George Bush died just as mysteriously. Senator Tower died in a plane crash under suspicious circumstance in April of 1991. Maxwell’s wife was advised by a CIA agent to discourage any investigation into her husband’s death if she valued her life. The audio tapes he kept of his phone calls with Kruchkov disappeared.

The coup was presented by the media as the haphazard, poorly organized effort of dissident hard-liners, suggesting a group of senior, hardened military officials got drunk, and in a moment of absent-mindedness, decided to overthrow the government.
 
The accounts reportedly given by the three imprisoned plotters suggest that their coup was haphazardly planned. Mr. Pavlov, for example, said the plotters simply hoped that the Supreme Soviet would approve their action and that afterward “things would be worked out.”  Mr. Yazov said that at a key meeting on August 18 of that year at which the coup was planned, he, Mr. Kryuchkov and a third plotter, Boris K. Pugo, former Interior Minister, who later committed suicide, were all drunk. Mr. Pavlov told his interrogators that he also consumed “quite a decent amount of alcohol” at that meeting. “

It was widely reported that three of the nine primary conspirators committed suicide after the failed effort. What was rarely mentioned was that two of these senior veterans were thrown out of windows, and a third – Boris Pugo, shot himself in the head three times.
 
What’s the hardest way to kill yourself? Three bullets to the head certainly ranks.

According to Moscow police sources, that was the actual cause of death for coup conspirator Boris Pugo, the Soviet Interior Minister who was officially described as having “committed suicide” when the August putsch fizzled. As for two other top Communist officials reported to have killed themselves by leaping from windows, sources say they probably were pushed in order to silence them. They apparently knew too much about the smuggling of Communist wealth out of the country as the party collapsed.
 
The only individual officially linked to the death of Boris Pugo was Viktor Erin, the KGB officer personally involved in the ‘arrest’ of Boris Pugo. Erin would later become a General Director for Bank Menatep, and be accused of loan fraud and theft, as part of Putin’s crackdown on the Yeltsin gang. Rather than being a coup about ‘policy and honor,’ like so many events linked to Project Hammer, the coup was all about the money. The CIA was moving hundreds of millions of dollars to the Generals before the coup through Robert Maxwell. The people who could best explain the transactions were apparently murdered. The group responsible for the murders are then later linked via Bank Menatep to the financial groups that funded the coup. As for the other traitors in the coup, they were all released from prison two years later by Yeltsin.
 
The coup  actually seems to have been a long time in the making, with Yeltsin having discussed the coup with Bush during his visit to the United States in June of 1991. That same summer, Yeltsin dined ‘discretely’ with the Chairman of the New York Federal Reserve, Gerald Corrigan, while the rest of the Moscow mission dined with Gorbachev. The discussions prompted by Maxwell with Kruchkov regarding Kruchkov’s interest in a coup are dated to the summer of 1990.
 
The coup began the dissolution of the Soviet Union and the beginning of the reign of Boris Yeltsin and his ‘family’ of Russian Mafia Oligarchs, and President Nursultan Nazarbayev of Kazakhstan. At that point, the two out of three votes required to dissolve the Soviet Union were in the pocket of President George H.W. Bush, those being the votes of Yeltsin and Nazarbayev.
 
In the final phase, a series of operatives assigned by President George H.W. Bush would begin the takeover of prized Russian and CIS industrial assets in oil, metals and defense. This was done by financing and managing the money-laundering for the Russian oligarchs through the Bank of New York, AEB and Riggs Bank. All of them, notably Blackstone Investment, would be out to line their own pockets. Blackstone would ultimately turn out to be the investor behind Larry Silverman’s purchase of Building 7 of the WTC six weeks before the September 11 attack. By controlling financial interest in the loss of the WTC, this group could quiet any investment community demand for investigations into the criminals behind the WTC attack.

A closer look at other activities leading up to these phases makes it clear that is was a U.S. orchestrated intelligence effort from the beginning. The economic war also involved Gerald Corrigan of the NY Federal Reserve Bank, George Soros, an international currency speculator who was responsible for crashing the British pound a few years earlier,  former  Ambassador to Germany R. Mark Palmer, and Ronald Lauder- financier and heir to the Este Lauder estate. Palmer and Lauder would lead a group of American investors in an Operation called the Central European Development Corporation, and combine forces with George Soros and the NM Rothschild Continuation Trust. This group ending up controlling Gazprom, the Russian natural gas giant, while the Riggs group ended up controlling Yukos, the oil giant. Ownership for both remains largely ‘hidden’ today, and its front men enduring the hardships of the Russian wrath by spending time in prison.

In 1988, Riggs Bank, under the direction of Jonathon Bush and J Carter Beese, would purchase controlling interest in a Swiss company named Valmet. Stephen Curtis, a lawyer from Dubai, controlled Valmet. Curtis died in a helicopter crash in 2005, shortly after telling a friend that if he died in the near future, it would not be an accident. In early 1989, the new subsidiary of Riggs called Riggs-Valmet would initiate contact with a group of KGB officers and their front-men to start setting up an international network for moving money out of the former Soviet block countries. In 1989, Jonathon Bush as an ‘official’ representative of his brother, would tour Eastern Europe and the Ukraine. In November 1989 George H.W. Bush appears to have arranged for Alton G. Keel Jr, a former National Security Agency Director and a minor player in the Iran-Contra scandal, to go to work at Riggs Bank, where Jonathon Bush – George’s brother was an executive Vice President. Keel would head up the International Banking Group. This bank would later be used to funnel money to mujahedin terrorists in Bosnia by Richard Perle, but for now, its target was to become the controlling owner of a small Swiss bank operation known as Valmet. The Riggs-Valmet operation, as it became known, would become the ‘consultants’ to the World Bank and to several KGB front operations run by future Russian oligarchs Khordokovsky, Konanykhine, Berezovsky and Abromovich.

The Riggs-Valmet agents would advise the top four oligarchs in how to construct their vast money laundering schemes, and would provide guidance to western investors by touring Russian oil and gas operations to provide guidance on investing. These soon to be Russian oligarchs had been set-up as front men by KGB Generals Aleksey (a.k.a. Alexei) Kondaurov; and Fillipp (a.k.a. Phillip) Bobkov, who would also sponsor Anton Surikov, also reported as an agent for Western Intelligence. Both Kondaurov and Bobkov previously reported to Victor Cherbrikov, who worked with Robert Maxwell. Both Bobkov and Kruchkov (the August coup leader) were ideologically aligned, and worked together on structuring the Communist Parties economic activities starting in October 1990. Kondaurov and Alexandre Konanykhine would bring a here-to-fore unknown politician and construction foreman named Boris Yeltsin from the hinterlands of Russia to the forefront of Russian politics through generous campaign financing, providing 50% of Yeltsin’s campaign funding. In the meantime, Riggs Bank was quickly solidifying banking relations with a couple more of the old Iran-Contra scandal participants: Swiss bankers Bruce Rappaport, and Alfred Hartmann. It is through this group that George Soros was engaged, who then opened a second frontal assault on the ruble. Rappaport and Hartmann would also extend their operations network to include the Bank of New York, and from Israel, The Eisenberg Group. It is at this stage of the operation that three more groups would be brought into the plan by Rappaport and Hartmann: The Russian Mafia, the Israeli Mossad, and the Rothschild family interests represented by Jacob Rothschild.
 
Soros and Rapport would ensure that the Rothschild financial interests would be the silent backers for a number of the undisclosed deals. By example, ten years later when Vladimir Putin sent Khordokovsky to prison for money laundering and tax evasion, Khordokovsky would identify Jacob Rothschild as his major silent partner, and ‘sign over’ his shares in the oil giant Yukos to Rothschild before he went to prison. The Rothschild interests would also been seen on the board of directors of Barrick Gold, which may have been used to launder Russian and Philippines treasury gold, and later on the Board of the mercenary operation Diligence whose Russian arm would be a Russian mercenary operation known as Farwest Ltd. Farwest was controlled by Anton Surikov, another ex KGB/CIA agent sponsored by Bobkov and Kondaurov.
 
Rappaport  would also introduce  an American  gentleman named “Bob Klein” to the Russians and his Bank of New York partners. Klein worked with the operation for several years, and when the Feds began its inquiries into the Bank of New York money-laundering scandal in the late 1990s, no one could prove Bob Klein ever existed, and he simply vanished. No one ever thought to suggest that the presence of this “spook” indicated this was an intelligence operation from the very beginning.
 
In the fourth phase of the secret war, the Enterprise worked on several fronts to take over key energy industries. On the Caspian front of this economic war, James Giffen was sent to Kazakhstan to work with President Nazarbayev in various legal and illegal efforts to gain control of what was estimated to be the world’s largest untapped oil reserves - Kazak oil in the Caspian. Despite much testimony to the contrary, the U.S. government and the CIA would deny that Giffen was working on its behalf. Giffen would later be tried in the U.S. for money laundering and corrupt practices. Giffen was convicted but apparently never sentenced. This is a common technique used by the U.S. Department of Justice where the silence of the convicted party is required. 

Meanwhile, across the Caspian Sea, Bush had assigned a wide array of former Iran-Contra operatives to take a role in Azerbaijan, with the thought of 1) disrupting the flow of oil to Russia, 2) creating an opportunity to build a pipeline from the Caspian to the Black Sea, and 3) taking over rights to oil plots on the western shelf of the Caspian. Initially, he sent in the covert operatives Richard Armitage and Richard Secord who worked with their old colleague from the Mossad, David Kimche, and their old arms running colleagues Adnan Kashoggi and Farhad Azima to hire, transport, and train  several thousand Al Qaeda  mercenaries to fight on behalf of the Azeri freedom fighters! Osama Bin Laden was reported to have been part of this mercenary force set up by Armitage and Secord. Osama  Bin Laden had been retained by the CIA to recruit Afghan mercenaries starting in 1979. The recruiting role would later be transferred from Bin Laden to a company called the Allied Media Corp.
 



Coincidentally, the Allied Media Corp. would be linked through the Moroccan American Chamber of Commerce to Hassan Erroudani, a Florida business partner of Mohammed Atta, the agent reportedly responsible for the September 11th attacks. In a second wave of the Azeri operation, Bush would support the creation of the US Azerbaijan-American Chamber of Commerce and its Advisory Board which included Dick Cheney, Richard Armitage, Richard Perle and Karl Mattison of the Riggs Bank.
 
Those were the major operations launched to collapse the Soviet economy and take over it’s key assets.  These operations were assisted by a range of  allies of the Bush strategy, and traitors to the Soviet Union.  As the Soviet Union collapsed, they would line their own pockets, and those of their western backers. 
 
On the Soviet – Russian side of these activities, the record shows that the early oligarchs were sponsored and protected by two KGB Generals
 
• Aleksey (a.k.a. Alexei) Kondaurov
• Fillipp (a.k.a. Phillip) Bobkov

These generals, in turn, would be sponsors for the Yeltsin family oligarchs and indirectly accused of arranging for Muslim terrorist activities to enhance the political future of the Yeltsin family. The individual sponsored by them to coordinate private military activities was Anton Surikov. He would be a founder of the Russian private military group named Farwest Ltd. Farwest was an ex-KGB/Russian military operation which would be reported to be used by the Yeltsin family to hire phony “Muslim terrorists” for the purpose of enhancing the Yeltsin family control on the Russian economy. Members of Far West would be reported by French and US agencies to have dealings with Shamil Basayev, who was trained at CIA funded camps in Afghanistan and Pakistan. Besides his connections to Afghanistan, Basayev was an associate of the Al Qaeda operative Abu Hafs.According to local reports, Abu Hafs was allowed to escape by American forces, and according to one report, was actually captured and released by American forces in Georgia.

Basayev would be reported to be paid by Far West to wage Muslim attacks on Russian civilians. Adnan Khashoggi was reported to be the intermediary for that arrangement, with the meeting taking place at his villa on the Mediterranean. Farwest is financially linked to Alexei Kondaurov and Khordokovsky through The Institute of Globalization Studies (IPROG) for which Surikov works. Far West has received clearance from the CIA to work for Halliburton and Diligence. Diligence and its sister company New Bridge would demonstrate the Western political and financial muscle working with the Yeltsin family. Its key members would include:

• Chairman Richard Burt, Director of Deutschebank Alex Brown, thus linked to Carter Beese, Mayo Shattuck and Buzz Krongard;

• Neil Bush, son of President George HW Bush;

• Ed Rogers, lobbyist and US spokesperson for Shiek Kamal Adham and Adnan Khashoggi, and the Russian Alpha Group. As spokesperson for the Alpha Group, this high level lobbyist represented  one of the major Russian crime organizations;

• Lord Powell, who was previously reported on the Advisory Board of Barrick, is widely reported as a spokesperson for the Rothschild family investments;

• William Webster, former Director of the CIA and Director of the FBI.

These men, with Halliburton, would become the employers of Far West. In doing so, they would demonstrate their willingness to hire and retain political terrorists. Ultimately the Bush organization partnership with Farwest demonstrates:
 
• that Adnan Khashoggi, a key participant in multiple aspects of the 911 motive and planning, clearly had no hesitation to facilitate operations which result in political terror and mass murder, and a documented track record of doing just that!

• that the Bush family financial apparatus, including Dick Cheney, conducts on-going business with an organization (Farwest) that arranges contract political terror using Muslim terrorists with the same background as Al Qaeda, and is a major drug conduit!

• that the Russian/Israeli Mafia family (the Yeltsin Family in particular) that has reaped billions of dollars from Bush largesse since 1991 uses the same political terrorist professionals as the Bush led intelligence operations!

• that the Bush apparatus belli  had other channels besides Armitage and Secord to hire Al Qaeda trained mercenaries!

The Oligarchs And The Bush Crime Family
 
In the late 1980s, under Gorbachev, Generals Bobkov and Kondaurov sponsored several bright young “Russian’ entrepreneurs, and arranged for them to work with a group of consultants out of Switzerland know as Riggs-Valmet. This was the very same Riggs operation set up by George Bush in 1988 under the watchful eye of his brother and former National Security Council director. The names of these first generation oligarchs were:

                 • Mikhail Khordokovsky
                • Alexander Konanykhine
                • Boris Berezovsky (Berezovskii)
                • Roman Abramovich

Alexander Konanykhine would be responsible for up to half of the campaign financing for an unknown Russian Congressman from the remote regions of Russia known as Boris Yeltsin. Yeltsin would win the election and become President of Russia. Under KGB protection, Konanykhine opened a series of banks used for moving Russian money out of Russia, most notably the Russian Exchange Bank, the European Union Bank and his partnership with Mikhail Khordokovsky in the Bank Menatep. The European Union Bank was actually a money laundering operation in Antigua run as an internet bank. The computers used to operate the bank were traced to Val Kulkov, an associate of Konanykhine, at Suite 347, 1429 Pennsylvania Avenue in Washington DC. The internet address for the bank belonged to a block of Internet addresses owned by a company called Aegis. Thayer Equity Investors, of 1445 Pennsylvania Avenue, which controlled Aegis at the time, is located on the third floor of the same building. Thayer Equity’s address was also used at one time by the Hohlt Group, which now resides at 1433 Pennsylvania Avenue, virtually right down the hallway. Interest is taken in these groups, because the men who control them are major financial power brokers of the U.S. Republican Party: Frederick Malek (Thayer Equity ) and  Richard Hohlt (the Hohlt Group). Hohlt is a reported associate of Richard Armitage.
 
Oligarch Mikhail Khordokovsky would be responsible for setting up the primary financial organization for taking over Russian oil and gas industries, as well as moving money out of the country: Bank Menatep. Over time, Riggs would reduce its control of Bank Menatep from 51% to a public 4%, although total ownership of the institution remains cloaked by offshore privacy allowances. Khordokovsky’s dealings would also involve a takeover of the gas industry: Gazprom, and with it AEB, which had been originally controlled by Palmer and Lauder.
 
Oligarch Roman Abramovich worked with Valmet-Riggs to buy into the Siberian oil giant Sibneft. Abramovich started with an energy trading company called Runicom which was owned totally by Valmet-Riggs. The true beneficial owners of Runicom were never disclosed. Abramovich ran his operations out of the offices of one of the Swiss subsidiaries of Bruce Rappaport, the former BCCI and Iran-Contra banker. Their start-up business was trading oil and gas.  As part of his trades, he would soon engage  and partner with Oligarch Boris Berezovsky.
 
Oligarch Boris Berezovsky reportedly received his start as a used car dealer, with strong Mafia connections. He too would be reported to have received guidance from Riggs-Valmet, and would become partners with Roman Abramovich. His role appears to have been providing the ‘muscle’ behind various financial takeovers where there was a reluctance to sell. The four of them would control the Russian oil and gas industry, and be front men for the hidden beneficiaries set up under the guidance of the consultants of Riggs-Valmet. This book speculates that the hidden beneficiaries, if ever found, would ultimately expose the illegal beneficiaries of the Black Eagle Trust, Project Hammer and the Bush Crime Syndicate and would be one and the same as the beneficiaries of the $240 billion security clearance in the aftermath of September 11th.

South of Russia, in Kazakhstan, President Nursultan Nazarbayev was working initially with James Giffen to open the oil flow to western economies. Shortly after Giffen established a foothold,  Nazarbayev was working with  Shaul Eisenberg, Marc Rich, Dick Cheney and George Soros. The FBI investigation into James Giffen’s activities that might have violated the U.S. Corrupt Practices act had its records stored on the 23rd Floor office of the FBI in the World Trade Center. The scope of the Giffen trial was limited by the court to activities from 1994 and forward, against the protests of Giffen’s lawyers. The lawyers contended they needed the scope of Giffen’s activities opened as far back as 1991, so that Giffen could show he was working under White House directives. Pulitzer prize winner Seymour Hersh reported that there were thousands of illegal oil swaps made during the early years under President  Nazarbayev’s – but none of these ever came to light during the Giffen trial. With an understanding of the economic war being waged on the Soviet Union, the focus needs to turn to reports that on September 11, 1991, President George Bush was responsible for issuing $240 billion dollars in secretive bonds as a part of this attack. 

There are six lines of evidence from eight sources that suggest this was indeed the case. Many of these instances are corroborated with  documents available on the internet, presented by a variety of people making the claims.

The Great Ruble Scam - Connecting Bush To 911

1. There has been a body of investigative reporting that suggests that between 1991 and 1992, the ruble was under a massive attack, with an unknown source of funding. The capital flight from the Soviet Union in U.S. dollars was estimated by Fidel Castro at $500 billion, and by Gorbachev at one trillion dollars. Somebody had to put up the lion’s share of funding for those dollars. The most authoritative source on the subject, Claire Sterling, writes that unknown intelligence operations were behind the attack. Sterling states:
 
 “The fact that scarcely anyone outside Russia has heard of the Great Ruble Scam may be explained partly by its seemingly unbelievable details, but partly, too, by Western reluctance to touch exquisitely sensitive political nerves. Western governments rejoicing in the collapse of the evil empire wanted to assume, and to all appearances did assume, that all the evils in an emerging democracy emanated from politicians identified with the fallen communist state. Not one was prepared to acknowledge indelicate evidence to the contrary. The ability of three or four characters to mount such a planet wide operation, their extraordinary impact on what was still a world superpower, and their singular immunity from beginning to end suggest the guiding hand of not just one, but several intelligence agencies.” 
 
Documentation supporting the contention that there was ‘cash’ in this order of magnitude floating around Russia in 1991 and 1992 is also found in Stephen Handelman’s book Comrade Criminal. Handelman, who appears to have had access to KGB files brought back to the U.S. after the collapse of the Soviet Union, notes that prior to 1991, the Russian Communist Party had a reserve of 435 billion rubles of ‘freely convertible hard currency,” and that in the summer after the coup, there were unnamed individuals in Russia who could provide up to 300 billion rubles on a months notice. In the former instance 435 billion rubles in July of 1991 converts into $240 billion.

This fund was converted and moved out of the Soviet Union, and the ruble scam would have needed to provide hard dollars in that order of magnitude. A year later, Handelman’s second examples suggests criminal individuals had at their disposal $3 to $4.5 billion on short notice. By comparison, at the same time, the U.S. Congress could not pass a $10 billion appropriation bill due to mandatory budget ceiling constraints.
 
2. Andrei Kozlov, First Deputy Head of Russia’s Central Bank, was heading an investigation into the loss and the reported theft of 400 billion rubles from the Central Bank in 1991. (Not to be confused with a similar scam run out of Chechnya in 1992 on a much smaller order of magnitude.) These rubles were stolen by someone putting hard currency securities in remote Chechen banks as collateral for Russian loans and then making the collateral notes disappear from the remote banks at the same time the funds were being withdrawn. While the black-market value of a ruble was about $1, the ‘official’ conversion rate at the time was 1.8 rubles/dollar. Using the official US dollar equivalent for 400 billion rubles, the theft converted to $222 billion. Kozlov was gunned down shortly after announcing he was close to understanding where the 400 billion rubles went. The head of the Central Bank at that time – former KGB official Georgy Matyuhin – who authorized these credits, on behalf of Yeltsin an at the request of Yeltsin’s First Deputy, Khasbulatov was retired after he was reported to be a CIA asset.

3. Mrs. V.K. Durham, wife of Russell Herman, who was a fund controller for the CIA’s covert fund, has contended in sworn testimony that George H.W. Bush, Oliver North and Alan Greenspan forced her husband into relinquishing the funding for the bonds on that date. They later forged Hermann’s signature on related financial transactions. She also claims they were responsible for his death three years later because Hermann believed these funds were the property of the U.S. citizens rather than the private slush fund of the Bush circle, and protested the manner in which they were being used.  Ambassador Leo Wanta has since maintained a similar stance, that the earnings from his covert operations should be public funds rather than covert slush funds used by criminal U.S. presidents.
 
4. Several sources from the Office of Naval Investigation (ONI) have released over 100 pages of bank transactions detailing transactions in the range of 100s of billions of dollars. These are the same files released also by Derek Vreeland from a Canadian prison, from which he warned his guards about the forthcoming attack on the World Trade Center. Vreeland contended he was an ONI operative. The files cover three periods of transactions which correspond to this covert war on the Soviet Union; While the transactions do not directly show securities going to the Soviet Union, they do support the theory that the Bush Vulcans were spending massive amounts of cash in a manner inconsistent with US Federal budget spending caps in effect at the time, and moving  massive funding into covert accounts at key trust funds – most notably Pilgrim Investments, to the account of  “Jorge”  Bush. That, of course, is laughable.

• the first series of transactions in August to October 1989 coincides with the Mexican  and Latin American debt resettlement. During this period it has been contended that Bush was responsible for generating 300 hundred billion dollars in illegal earnings by making other countries debt collateral disappear for a few months, while whoever was holding this collateral profited from August 11 to October 6 on what is known as a period of a rare “inverted yield curve.” 
 
• the second series of transactions from September 24 to October 10, 1990 would most likely represent funding for the purchase of the Soviet gold treasury, and the movement of Communist Party funds out of the Soviet Union. Leo Wanta reports having started his efforts at this time.
 
• the third series of transactions from May 27-28th 1991 would most likely represent funding for his Ruble destabilization program.

5. Documents released from Leo Wanta’s files for these bonds provide great detail about the Soviet deals:

• These bonds were used  to fund an undesignated “joint venture” with Russia.
 
Coincidentally, on September 14th, 1991, Vladimir Shcherbakov, the last First Deputy Prime Minister of the Soviet Union, formed the International Foundation for Privatization and Private Investment [FPI] with two other partners. The second partner has never been revealed. The third partner was the now notorious Austrian firm, Nordex GmbH. The International Foundation for Privatization and Private Investment (FPI) would be one of the major organizations involved in the Bank of New York money- laundering scandal and a major crime front. Interpol would be reported as finding Marc Rich one of the founders of Nordex. Marc Rich would be pardoned by President William Clinton, presumably for his services to the US in arranging for the collapse of the Soviet Union, although the reasons for his pardon have never been made public.
 
• These bonds were backed by Swiss gold held in vaults in the free trade zone in Kloten, Switzerland.  
 
The Kloten repository resides at the Zurich airport, which the Marcos gold hoard as well as the stolen Soviet treasury gold was reported as being stored at.
 
• The  bonds were made conditional to loan acceptance by government officials in the USSR.
 • These bonds provided, in part, payments of currency from Lehman of at least $100 million per day for an indefinite period of time.
 
• These bonds provided cash funneled to Russia through the Deutschebank.
 
6. Depositions on Project Hammer seem inextricably linked to the same banks and funds as the information being documented by Vreeland, ONI and Wanta:

• General Earl Cock’s deathbed deposition in April 2000 describes Citibank’s and John Reed’s central involvement in Project Hammer in the last quarter of 1991 as being funded with $223 billion dollars, of mostly CIA moneys. Cocke also references the use of baby bonds to collaterize these funds, which are 10 year bonds. Cocke describes the source of these funds as “accounts, participants or players” with the accounts converting to bank ownership upon the death of the controlling party, and then to the government. This matches exactly what Sterling and Peggy Seagrave claim happens to the gold accounts opened by agents of the US;

• Roelfo Van Rooyen’s deposition in 1995 describes Project Hammer  as a 1991 CIA operation.

Information and documents released from 9 independent sources all merge into the same story:

1.  Leo Wanta – imprisoned on trumped up tax charges to keep him quiet.

2.  U.S. Office of Naval Intelligence – destroyed on September 11 to keep them quiet.

3.  Derek Vreeland – imprisoned to keep him quiet, now in hiding.

4.  Major Colonel Erle Cocke – deathbed confession of co-conspirator.

5.  Andrei Kozlov – Russian Central Bank director, gunned down to keep him quiet.

6.  Claire Sterling – international correspondent co-opted and hired by CIA to keep her quiet. Deceased.

7.  V.K. Durham – ignored, but not silenced.

8.  Sterling and Peggy Seagrave – authors and historians, received multiple death threats to prevent publication of their book on the Marcos Gold – now in hiding;

9. David Guyatt, independent reporter and published author.

Chapter Nine - WHY September 11th - The Cover-up Of The Black Eagle Trust and Project Hammer
 
With the bonds out in the market, they sat for ten years, like a ticking time bomb. At some point, they had to be settled - or cashed in, on September 11, 2001. The two firms in the U.S. most likely to be handling them would be Cantor Fitzgerald and Eurobrokers – the two largest government securities firms in the U.S. The federal agency mostly involved in investigating those transactions was the Office of Naval Intelligence.
 
On that day, those same three organizations: the two largest government securities brokers and the Office of Naval Intelligence in the US took near direct hits. Actually, the jetliners hit immediately below the targeted offices, assuring that the flames would engulf the floors above. This targeting strategy was also used on the 23rd floor of the North tower, which was an FBI evidence repository holding information on allegedly illegal gold transactions.
The attacks had a related agenda. It seems that the covert Cold War operation started in 1989 had resulted in a series of foreign and U.S. allegations of financial impropriety, and as a result there were at least nine federal investigations being conducted into bank accounts related to these operations. All of these investigations were initiated, in 1997-98 timeframe, which was the same year that Osama Bin Laden - after twenty years of recruiting Mujahadeen for the U.S. covert wars - announced a fatwa against the US. (A key understanding here is that federal investigations are preceded by a period of ‘quiet’ investigation before an official investigation is publicly announced.)
 
1) The Marcos Gold Hearing began in Los Angeles, in August 1997. The banks and accounts involved in that hearing, were the Swiss banks:  UBS, and Bank Julius Baer.

2) The Eizenstatz Report and a public campaign waged by the Simon Wiesenthal Center  launched suits against three Swiss banks.

3) The Reginald Howe suit - in which the U.S. bullion banks were accused of dumping U.S. Treasury gold on the market illegally. The Reginald Howe & GATA Lawsuit was filed on January 8th, 2000 naming Deutschebank (a.k.a. Deutschebank Alex Brown),  U.S. Treasury, Alan Greenspan, Federal Reserve, Citibank and Chase, as defendants. Also mentioned as having non-public knowledge of the scheme are Gerald Corrigan and Barrick Gold. (The 2000 filing suggests investigations began long before.)

4) The Bank of New York money laundering scandal: the Department of Justice was under pressure to investigate accounts of multiple individuals who benefited from these transactions: Loutchansky, Marc Rich and Berezovsky (Berezovski). The FBI investigation started in the Fall of 1998, The investor lawsuit was opened in September 1999. These investigations involved accounts at Credit Suisse, Union Bank of Switzerland (UBS), Dresdner Bank, Westdeutsche Landesbank and Banque Internacionale of Luxembourg.All of these individual would at some point be mentioned as playing a role in the money laundering scandal at the Bank of New York, that would ultimately be reopened in 2002, after being buried for three years by federal prosecutor Mary Jo White, a first cousin to former President George Bush.
5) The Avisma law suit was filed August 19th, 1999 naming as defendants Bank Menatep, Harvard Institute for International Development, and the Bank of New York;

6) The federal investigation of Konanykhine’s European Union Bank: The Konanykhine  investigation was begun by the INS in February 1999. Other banks included in that investigation would have been the European Union Bank and  Bank Menatep.  

7) Richard Giffen/Mobil Oil scandal - The FBI Probe began in 1999, and would have involved accounts at Credit Suisse, Bank of New York, Cayman Islands, and the Deutsche Bank (a.k.a. Deutschebank Alex Brown).,

8) Yeltsin’s UBS accounts were being investigated for bribery.

9) Kevin Ingram would testify that he had advised Bob Graham in advance that the World Trade Center was to be attacked. This Deutsche Bank executive was convicted of laundering money for weapons purchases for Muslim terrorists through Pakistani agents; The Ingram investigation was begun by the FBI as early as July 1999, and involved the Deutschebank (a.k.a. Deutschebank Alex Brown). The records for some of these investigations resided in Building Six, Building Seven and on the 23rd Floor FBI office in the North Tower. The account structure set up by the U.S. intelligence operations was besieged by investigations from nine different directions, any one of which may have exposed the source of that funding, and traced it to its Black Eagle Fund origins. Those investigations needed to be diverted.
 What happened inside the buildings of the World Trade on September 11 is difficult, but not impossible to discern. The government has put a seal on the testimony gathered by the investigating 911 Commission, and instructed government employees to not speak on the matter or suffer severe penalties, but there are a number of personal testimonies posted on the internet as to what happened in those buildings that day. Careful reconstruction from those testimonies indicates the deliberate destruction of evidence not only by a targeted assault on the buildings, but also by targeted fires and explosions. In the event that either the hijacking failed, or the buildings were not brought down, the evidence would be destroyed by fires. In addition to the investigative evidence being destroyed, the Federal Register reported that the physical securities held by the brokers in their vaults had been destroyed.

The Federal Reserve Suspends the Rules
 
On the first day of the crisis, the SEC lifted “Rule 15c3-3 - Customer Protection, Reserves and Custody of
Securities,” which set trading rules for the following processes:

The [seller] is not permitted to substitute other securities for those subject to this agreement and therefore must keep the [buyer’s] securities segregated at all times, unless in this agreement the [buyer] grants the [seller] the right to substitute other securities.
Notification in the event of failure to make a required deposit.
Physical possession or control of securities.
Required Disclosure.
Control of securities/Requirement to reduce securities to possession or control.
 
Simply, GSCC was allowed to substitute securities for the physical securities destroyed during the attack.
The order stated:

“...collateral substitutions can and should be made with regard to immediately maturing collateral.” 
 
Subsequent to that ruling, the GSCC issued another memo expanding blind broker settlements. A “blind broker”
is a mechanism for inter-dealer transactions that maintains the anonymity of both parties to the trade. The broker
serves as the agent to the principals’ transactions.
 
“The only repo transactions entered into by blind brokers should be those done in direct furtherance of clean-up and reconciliation efforts. No new blind brokered business should be executed.” 
 At this point in time, the Federal Reserve and its GSCC had created a settlement environment totally void of controls and reporting – where it could substitute valid, new government securities for the mature, illegal securities, and not have to record where the bad securities came from, or where the new securities went – all because the paper for the primary brokers for US securities had been eliminated. This act alone, however was inadequate to resolve the problem, because the Federal Reserve did not have enough “takers” of the new 10 year notes. Rather than simply having to match buy and sell orders, which was the essence of resolving the “fail” problem, it appears the Fed was doing more than just matching and balancing – it was pushing new notes on the market with a special auction. It appears some of the beneficiaries wanted to cash out!
 
“Acute settlement problems with the on-the-run ten-year note led the U.S. Treasury to reopen the issue on October 4 and hold an unusual “snap” auction of new ten-year securities.” 
 
If the Federal Reserve had to cover-up the clearance of $240 Billion in covert securities, they could not let the volume of capital shrink by that much in the time of a monetary crisis. They would have had to push excess liquidity into the market, and then phase it out for a soft landing, which is exactly what appears to have happened. In about two months, the money supply was back to where it was prior to 911. How the Federal Reserve managed this feat is explained in the following section.

Chapter Ten - The Federal Reserve and the Three Card Monte - America, You’ve Been Bushed

On of the most common scams on the streets of urban America is a set up of three card Monte. The intricacies of the scam are legion, but essentially, the dealer’s sleight of hand which fools the mark is covered by a rapid rotation of the three cards. It was the rapid rotation of the securities settlement fails in the aftermath of September 11th that appears to have allowed the Bank of New York and the Federal Reserve to engage in securities refinancing that resulted in the American taxpayer refinancing the $240 billion originally used for the Great Ruble Scam.  A review of the explanations for the actions of the Federal Reserve after September 11th exposes an amazingly complex web of analysis and speculation. The reports published by the Federal Reserve argue that the Federal Reserve’s actions increasing the monetary supply by over $300 billion were justified to overcome operational difficulties in the financial sector. While impressive as the reports are, what is noted by the casual reader is that all of the Federal Reserve analysis is speculative and suggestive, using phraseology such as “may have,” “likely,” “presumably,” or “should have.”  There are few - if any - definitive statements about root cause and the appropriateness of the Federal Reserve response.
 
The general perspective of the industry is captured in such comments as:
 
“The destructive force of the attacks themselves caused severe disruptions to the U.S. banking system, particularly in banks’ abilities to send payments. The physical disruptions caused by the attacks included outages of telephone switching equipment in Lower Manhattan’s financial district, impaired records processing and communication systems at individual banks, the evacuation of buildings that were the sites for the payments operations of large banks, and the suspended delivery of checks by air couriers.”

Liquidity Effects of the Events of September 11, 2001, James J. McAndrews and Simon M. Potter,
FRBNY Economic Policy Review / November 2002, p. 59

“Following September 11, open market operations were aimed at satisfying the financing needs of the severely disrupted government securities dealer community, leaving to the discount window the task of elastically providing balances to satisfy demand at the target rate. The huge additions of funds following September 11 were therefore a by-product of operating procedures designed to target the overnight funds.rate.”

Payment System Disruptions and the Federal Reserve Following September 11, 2001, Jeffrey M. Lacker,
Federal Reserve Bank of Richmond, Richmond, Virginia, 23219, USA, November 17, 2003 printed in Journal
of Monetary Economics, Volume 51, Issue 5, July 2004, Pages 935-965

“Fails rose initially because of the destruction of trade records and communication facilities. They remained high because the method typically used to avert or remedy a fail — borrowing a security through a special collateral repurchase agreement — proved as costly as failing to deliver the security.”

When the Back Office Moved to the Front Burner: Settlement Fails in the Treasury Market after 9/11,
Michael J. Fleming and Kenneth D. Garbade, FRBNY Economic Policy Review / November 2002, p 35.

While the facts presented by the Federal Reserve analyst’s reports are true, as presented they tend to distort what really happened in the aftermath of the attack.   In truth, while the analysts reported disruptions at over 800 banks, a deeper look at the reports indicated that only “a few” were seriously disrupted. The order of magnitude of disruption at any bank was never quantified, with the exception of one. Even that statement however, detracts from the data which suggest that the disruptions were essentially concentrated in one bank – the Bank of New York.  (The same Bank of New York was being investigated for money laundering charges in relation to the economic pillaging of Russia by criminal oligarchs who were financed with the covert securities purportedly being laundered in the aftermath of September 11th.) This is because while the Fed was reporting outstanding account balances over $100 billion per day (while not identifying the banks involved), the Wall Street Journal reported: 
 
“At one point during the week after September 11, BoNY publicly reported to be overdue on $100 billion in payments.”
 
The Deutschebank, which sat inside the World Trade Center and was totally decimated, reported no such account balance increase, and JP Morgan, the other of only two clearing banks which uses the same traders and communications hub, reported no such increase in its account balance. No one has publicly asked: why is it that these other two banks were not seriously disrupted, while the Bank of New York – which had no structural damage, seemed unable to operate? Understanding what was happening at the BoNY becomes critical to understanding the securities settlement issues:
 
GSCC and several dealers could not verify what came into and what left their custodial accounts at BoNY, they could not advise BoNY of securities they expected to receive, and they could not give BoNY instructions for delivering securities. Additionally, GSCC was unable to verify the movement of funds into and out of its account at BoNY (GSCC Important Notice GSCC068.01).  
 
In a world of coincidences, The Bank of New York (which had over 8,000 employees in its downtown location), lost three employees that day. One of those three employees was a man who was in the best position to explain how the attacks would have impacted BoNY. His name was Michael Diaz-Piedra III, a former West Point graduate and son of a Cuban exile. Michael was the Vice-President of Disaster Recovery Planning for the Bank of New York. In the aftermath of September 11, he was reported as being an employee of Bank of America, or holding another position at the BoNY.  

Finally, with respect to the Bank of New York operations and the level of disruption experienced on September 11th, an important element needs to be highlighted. Disruptions to the financial system were attributed to the loss of the communications hub in downtown Manhattan. The telephone network operations center (NOC) or hub was decimated when the WTC collapsed onto it. However, the BoNY Funding Transfer operations, which reportedly
could not communicate with the Fed, were located in Utica, New York, and had none of its communication abilities impaired. Moreover, the four BoNY back-up datacenters were all located within 46 miles of Manhattan, and could and did deliver data on tape regularly to the Fed via courier.  
In a reported setting of half truths and speculation by Federal Reserve analysts made to appear as facts, review of the reports of the financial aftermath of September 11th suggest:
 
• The disruptions to the U.S. financial system were not as widespread as the reports from the Federal Reserve would have the public believe, but that the public had to be made to perceive a widespread need for declaring  a national financial emergency, suspending key provisions of the Federal Reserve Act and driving the ‘ten-year special rate’ to almost zero.  

• Certain key unknown figures in the Federal Reserve may have ‘conspired’ with key unknown figures at the Bank of New York to create a situation where $240 billion in off balance sheet securities created in 1991 as part of an official covert operation to overthrow the Soviet Union, could be cleared without publicly acknowledging their existence. 

• These securities, originally managed by Cantor-Fitzgerald, were cleared and settled in the aftermath of September 11th through the BoNY. The $100 billion account balance bubble reported by the Wall Street Journal as being experienced in the BoNY was the tip of a three day operation,  when these securities were moved from off-balance-sheet to the balance sheet. (The off-balance-sheet process is described by banking advisor to the US Presidents Earl Cocke, who admitted under sworn testimony to managing Project Hammer funds – the suspected source of these illegal securities.)

• By reducing the ‘ten-year special rate’ to almost zero, the Fed structurally increased the number of refinancing (Repo) settlement fails. Under the umbrella of this artificially created statistical bump of fails, the high level of fails due to the laundering of the $240 billion was able to be processed unnoticed. 

• The cover for this bubble is found in the footnotes to the BoNY annual and quarterly reports, which report that the BoNY took over $330 billion of commercial securities business from U.S. Trust between June and October of 2001, although the assets under control of U.S. Trust in 2000 were reported by two sources as $80 or $86 billion.

The Federal Reserve Manages The Fire In The Aftermath of September 11

There were two key disruptions reported in the financial markets:
 
1) Excessive account balances in a few banks reportedly contributing to an increase in the account balance in a wide array of banks which required a massive infusion of credit to stabilize the Federal Reserve system. These accumulations started appearing on September 12th and ran through the 18th,. They resulted in the addition of $300 billion to the US monetary supply, which initiated the on-set of the sub-prime market.
 
2) A reported excessive number of fails in securities settling requiring the lifting of controls on settlements.

There were two reasons reported for these fails:

• Missing trade data due to loss of communications and data; 

• Refinancing (Repo) settlements had lost any financial incentive to avoid fails because the special rate for 10 year notes was dropped to almost zero.
 
The first wave of fails is attributed to the BoNY situation.

In the absence of complete information on deliveries into and out of its account at BoNY on September 11, and as a result of its assumption of settlement fails on the starting legs of blind-brokered RPs, GSCC recorded (after the close of business on September 11) $266 billion in transactions that apparently failed to settle. Continuing connectivity problems prevented GSCC from giving BoNY delivery instructions after the close of business on September 11 and prevented it from acquiring information on activity in its account at BoNY during the day on September 12. Consequently, GSCC recorded $440 billion in settlement fails as of the close of business on September 12.

Excessive Balances Increasing the Supply of Money
The Settlement Fails
 
On over-riding consideration in the Fed’s management of the aftermath of September 11th was the concentration in account balances at the Federal Reserve.
 
It is clear that the concentration in account balances at the Federal Reserve — rising more than fourteen- fold from its normal levels on the days following the terrorist attacks—was a most unusual event. If a large proportion of the balances in the banking system concentrate in one bank’s account, then other banks will face, all else being equal, higher costs of making payments, or alternatively may face liquidity constraints on their borrowing, which could preclude their submission of further payments.”
 
It may seem a small detail, but note the qualifying statement: “all else being equal.” An alternative explanation could be to move off-balance sheet liabilities  to the balance sheet and claim the offsetting claims are in the rubble of the World Trade Center.

(Chart available here: http://www.box.net/shared/4vbu1tkq32)

A key consideration is the pre-911 daily average for this balance: 

“For commercial banks, these balances consist of either required reserve balances, excess reserve balances, or service-related balances. These balances and service-related balances for August 2001 averaged $14.65 billion per day. This makes the actual surges due to the attack show a net impact of $352 billion on the account balance over the remainder of the week. (Chart available here: http://www.box.net/shared/4vbu1tkq32)
  
What appears to be the case is that the Federal Reserve imbalances reported  on three consecutive days in the aftermath were largely concentrated at the Bank of New York, which is reported to represent over 90% of the imbalance, suggesting the Bank had been the recipient of massive fund transfers, and unable to send out transfers. 

This supposedly was due to major communication and system failures. BoNY stated:
 
“The crucial government bond processing, for example, had a system in which a second computer was receiving and processing all the data going into the main computer, making it ready to pick up at a moment’s notice. As it turned out, though, even the expensive backup system was unable to get the government bond business up and running smoothly. That is largely because of problems maintaining the communications links that receive information on trades from its customers and report their positions back to them. ‘’In many cases our backup sites were dealing with our customers’ backup sites,’’ Mr. Renyi said. And though the bank had established communications lines in advance connecting these various backup centers, they often were of low capacity and typically had not been fully tested and debugged. Even a week after the attack, the Bank of New York was having trouble with some crucial communications links, like its connection to the Government Securities Clearing Corporation, a central part of the government bond market. On several days that week, the bank had to drive computer tapes with its trades to G.S.C.C. offices.”

 “On September 11, we were able to continue processing, as our funds transfer business unit is in Utica, New York, until the telecommunications lines went down later in the day in lower Manhattan. After that, excess liquidity quickly built up because we were unable to process all securities and cash transactions in a normal manner. The increase in the balance sheet went away very quickly, however, as we returned to normal processing by Friday and handled the backlog over the weekend.” 

In fact, none of the BoNY’s systems failed or went non-operational.  The BoNY also stated:
 
“Bank executives argue that some of the criticism has taken on some aspects of urban legend, especially the notion that the bank was in disarray because the main backup for its computer center in Lower Manhattan was at another location in Lower Manhattan. The bank says that all of its several computer centers in Manhattan were always set to revert to centers outside the city in case of emergency, and they did on Sept. 11.”  
 
Even more to the point, the Bank’s Fund Transfer operations are located in Utica New York, and its communication systems remained untouched.  

Where the inconsistent reporting gets interesting is that Todd Gibbons of the BoNY reported an “increase” in the volume of securities on September 11. (Chart available here: http://www.box.net/shared/4vbu1tkq32)

“The contingency site muse be able not only to accommodate normal business loads, it must be able to accommodate extreme business surges, such as we saw in the first day in the equities market. Our contingency plans had included the ability to handle a great amount of excess capacity; and we were able to handle the increase in volumes...”
 
However, the overall volumes for the day were 25% less than normal and one third of the volume or $400 billion came in after normal business hours in very few transactions.  As seen in the chart below, overall transactions for the day were seemingly down even more significantly than volume, but the transactions that came in after closing were extremely large, averaging in size in packages of $35 million or more. This would be consistent with a hypothesis that $240 billion of securities were being pushed surreptitiously into the money supply. Additionally, the conflicting information from the BoNY and Fed  suggest the activity in the bank was different that that being reported to the public.
 
“August 2001, the value of Fedwire funds transfers averaged more than $1.6 trillion per day, while banks held about $15 billion on account. The value of funds sent on September 11 was $1.2 trillion, about three-fourths of the average for the benchmark period. However, unlike volume, the value of funds sent had returned to normal levels on the twelfth and was then at elevated levels for the next seven business days.”

The Federal Reserve, without providing the detail required to substantiate it’s claims, would have the public believe that there were widespread liquidity issues, when in fact the issues were very concentrated primarily, if not
singularly, in the BoNY, which has been the subject of an ongoing major money-laundering investigation for many years. These account balance issues resulted in the defacto expansion of the monetary supply, details of which are no longer  reported by the Federal Reserve. The reported cause of this market malfunction is seemingly suspect. By comparison, the Deutschebank which sat inside the World Trade Center reported no such account balance increase, and JP Morgan, the other of two clearing banks which uses the same traders and communications hub reported no such increase in account balance.  Additionally, while problems were being documented between the BoNY and GCSS, no other institution had those problems.There is every reason to believe activities in the BoNY in the aftermath of September 11th are worthy of suspicion.

The Fails

In the aftermath of September 11th, the analysts at the Fed attributed the security settlement failures to two causes: 

• the initial inability to match up trades with correspondent data, and 

• the use of ‘strategic’ fails by brokers in the aftermath, when the special rate on securities was so low that there was no incentive to avoid the refinancing fail. This reduction in the special rate was attributed to operations to increase liquidity in response to excess balance issue discussed in the section above. 
One key Federal Reserve researcher summarized it accordingly:
 
“Fails rose initially because of the destruction of trade records and communication facilities. They remained high because the method typically used to avert or remedy a fail — borrowing a security through a special collateral repurchase agreement — proved as costly as failing to deliver the security. The U.S. Treasury responded to the fails problem by reopening the on-the-run ten-year note. The increased supply made borrowing the note more attractive than failing.”
 
The standard remedy for a fail — borrowing a security through a special collateral repurchase agreement —  fell apart when the Fed dropped the special rate to nearly zero. As a result, a second, ongoing ‘wave’ of ‘fails’ was created by removing the incentive for regular traders to avoid fails. It is this structurally created second wave that masked the underlying wave of fails due to the loss of the covert funding notes.

 
“The Desk” had to accept the vast majority of propositions – even those offered at rates well below the new 3 percent target level – in order to arrange RPs of sufficient size.”
(Markets Group of the Federal Reserve Bank of New York 2002, p. 24)


On Wednesday, the Desk accepted all propositions submitted, the lowest of which was 3⁄4 percent. The effective federal funds rate sank to 1⁄4 percent on Tuesday and below that on Wednesday.   

 
The incentive of a seller to borrow securities to avoid or cure a fail declines with the specials rate for the security. When the specials rate is near zero, a seller has little to gain lending money (at nearly no interest) to borrow the needed securities. This suggests that market participants may have little incentive to break daisy chains and round robins when the specials rate for a security is near zero. This aspect of the market is important to understanding the fails problem after September 11... the specials rate for a security will be driven to its lower limit more frequently when the fed funds rate, and hence the general collateral rate, is lower. This follows because the gross compensation earned by a lender of securities at any given specials rate is the difference between the general collateral rate and the specials rate.
 
As shown in the chart at right, the specials rate dropped by 200 -300 basis points, creating a disincentive to resolve short term, repo fails and creating a statistical flurry of fails.

The response of the Fed in bringing a new issue to the market at this time seems to have inadvertently (an assumption which should be challenged) been the source of continued lower “special rates” on the ten year note, and exacerbated the fail problem through the end of the year. In the extended condition of a high level of settlement fails, it would require little effort to ‘statistically hide’ the settlement of the remaining $240 billion that may not have been cleared in the immediate aftermath. The three week lull of fails in October could easily represent the 30 day short term refinancing of the debt. As the debt came back to the market for permanent refinancing, a shortage of investors would result in more fails.
 
The critical perspective here is that in making the original paper on $240 Billion in covert notes disappear in the rubble of the World Trade Center, it would be implausible to refinance them in a few days without the financial world taking note. Notes could conceivably be refinanced for 30 days in the repo market, and the final refinancing extended for weeks, possibly months.

There is a contention that at the core of the September 11th attack, someone was planning to cover the 1991 issuance of $240 billion in covert securities used to finance the collapse of the Soviet Union. The facts surrounding the financial aftermath of September 11 suggest this is not only possible, but that reports describing the aftermath have deliberately been misleading.
 
• The US dollar money supply was significantly increased in the aftermath of 9/11;

• The bank at the core of the illegal money laundering by ex-Soviet criminals was the source of the increased money supply (BoNY);

• The generally disseminated rationale for BoNY’s operational problems seems to have affected no other bank in a similar manner or magnitude and is inconsistent with reports on the BoNY operations in the aftermath;

• A key witness who might provide insight to these issues is a statistically aberrant death; 

• The source of the BoNY’s $330 billion increase in assets is cloaked under the privilege of “private banking;”
 
• The only alleged “severe” disruption to the  financial systems was the Federal Reserves account balance and the securities trading fails – both systems required to hide the laundering of $240 billion in covert securities.

Chapter Eleven - Mohammed Atta’s Affiliations with Western Intelligence
Mohammed, Where Are You?
 
Finally, if one looks at the affiliations of the attack leader and financiers, one will see multiple linkages to US covert operations and U.S. intelligence allies.
 
• Mohammed Atta, reportedly responsible for coordinating the attacks, trained his men and himself at the Huffman Aviation Flight Training school. That school was funded by Wally Hilliard, with Oryx Corporation. Oryx was founded by Adnan Khashoggi and Sheik Kamal Adham, director of Saudi intelligence (1963-79). Khashoggi was the individual that brokered the meeting between  terrorists and the Yeltsin Family. Khashoggi was also extensively involved in the following Bush operations: the October Surprise, Iran-Contra, Azerbaijan, Barrick Gold and the Marcos Gold.

• Mohammed Atta during his time in the U.S. remained a close friend of Wolfgang Bohringer, an apparent CIA agent.

• Hilliard, nominal owner of the training facility which acted as cover for the terrorists,  is a significant investor in a small California defense/electronics company (Spatialight, Inc.) with Farhad Azima, another member of the Iran-Contra/Azerbaijan group. Azima’s role had been to coordinate air transportation for covert US intelligence operations for Iran-Contra and Azerbaijan.

• Hilliard is reported as a close friend of CIA agent Mark Schubin, whose father was a KGB colonel.

• Hilliard is also strongly linked to the Jeb Bush political machine in Florida, and has had his commercial transport operations endorsed by that group.

• Mohammad Atta, as can best be determined, received funding from three foreign intelligence agencies aligned with the US: Pakistan, Syria and Germany. His father contended he actually worked for a fourth – the Mossad!
• Director of the ISI (Pakistani) Intelligence director-general Lt-Gen Mahmud Ahmad. The week of September 11, General Ahmad was meeting with Bob Graham, Porter Goss and Richard Armitage. Gen Mahmud Ahmad was responsible for having $100,000 transferred to Mohammed Atta.

• While in Germany, Atta worked as  an employee of Tatex Trading which was owned primarily by Mohamad Majed Said, a former head of Syria’s General Intelligence Directorate.

• In coming to Germany, Atta was funded with a scholarship and employed as a tutor by an organization known as Carl Duisberg Gesellschaft. Subsequent Internet reports linked the Carl Duisberg Society to administration by the U.S. Information Agency, but this had not been verified by any government documentation. There are Internet reports that the scholarship was jointly funded by USAID.  The more interesting aspect of Carl Duisberg Gesellschaft is that it’s Managing Director is Bernd Schleich, the same individual who is Managing Director of InWEnt (Internationale Weiterbildung und Entwicklung). If one investigates the activities and research of InWEnt, it appears to be a commercial intelligence operation that does studies on such matters as money-laundering, weapons trades, drug smuggling, and anthrax control in such places as South America, Central Asia and Africa. Carl Duisberg Gesellschaft has a fellowship funded by Alpha Group, the Russian Bank represented in the U.S. by former George H.W. Bush administrators Ed Rogers and Lanny Griffith.
 
• Mohammed Atta’s father claimed his son was working for the Mossad. Supporting this view, Atta was reported as having left phone records of calls to a company named “Virtual Prototypes.” Virtual Prototypes Inc. would later change its name to eNGENUITY Technologies.  It seems as though the type of work done at eNGENUITY was of more interest to the Israeli government, than it might be of use to a group such as Al Qaeda, as the Israelis made significant purchases from eNGENUITY three years later.
 
• Mohammed Atta would be discovered to be a legal business partner to Hassan Erroudani, who through the Moroccan American Chamber of Commerce would be associated with the Allied Media Group, a major recruiter for US Defense organizations and private security firms. Their customers would include:

                        • USAF
                        • US Army
                        • FBI
                        • US Treasury
                        • Department of Justice
                        • Department of State
                        • CACI
                        • Young & Rubicam
                        • Burson Marsteller
 
Atta and his sponsor’s were not jihadists. As a “terrorist pilot” he spent his last year in the U.S. in the companionship of two CIA pilots (Schubin and  Bhoringer). He trained his team at a facility financed by a known financier for CIA operations (Khashoggi). He was a business partner with a CIA recruiter (Erroudani) and he was funded by four pro-CIA intelligence agencies. In essence, Mohamed Atta was a US intelligence community asset working for the United States government.

For at least four years while liv­ing in Ham­burg dur­ing the 1990’s ter­ror­ist ring­leader Mohamed Atta was part of a ‘joint ven­ture’ between the U.S. and Ger­man Gov­ern­ments, the Mad­Cow­Morn­ing News has learned, an elite inter­na­tional ‘exchange’ pro­gram run by a little-known pri­vate orga­ni­za­tion with close ties to pow­er­ful Amer­i­can polit­i­cal fig­ures like David Rock­e­feller and for­mer Sec­re­tary of State Henry Kissinger. The jointly-funded gov­ern­ment effort picked up the tab for Atta on sojourns in Cairo, Istan­bul, and Aleppo in Syria dur­ing the years 1994 and 1995 and employed him as a ‘tutor’ and ‘sem­i­nar par­tic­i­pant’ dur­ing 1996 and 1997.

Note that Atta’s Ger­man spon­sor­ship may have dated to 1992 (when the elder George Bush was in office, the Project for a New Amer­i­can Century’s blue­print for US con­trol of the Mid­dle East was for­mu­lated by Paul Wol­fowitz in 1992, when he was work­ing for the elder Bush. The pos­si­bil­ity that the 1992 spon­sor­ship of Atta by his mys­te­ri­ous Ger­man bene­fac­tors and Wolfowitz’s 1992 pro­jec­tions are con­nected is not one to be too read­ily dismissed.

More­over Atta’s finan­cial rela­tion­ship with the U.S.-German gov­ern­ment effort may even have extended back to his ini­tial move from Egypt to Ger­many in 1992, after being ‘recruited’ in Cairo by a mys­te­ri­ous Ger­man cou­ple dubbed the ‘hijacker’s spon­sors’ in a recent news account in the Chicago Tri­bune. In the years before he became a ‘ter­ror­ist ring­leader,’ Atta was enjoy­ing the patron­age of a gov­ern­ment ini­tia­tive over­seen by the U.S. State Depart­ment and the Ger­man Min­istry of Eco­nomic Coop­er­a­tion and Devel­op­ment, the Ger­man equiv­a­lent of the U.S. Agency cur­rently super­vis­ing the secre­tive bid­ding race for tens of bil­lions of dol­lars of post-war recon­struc­tion con­tracts in Iraq, the Agency for Inter­na­tional Development.”

The orga­ni­za­tion that appar­ently spon­sored Atta’s trav­els was the Carl Duis­berg Gesellschaft (its Amer­i­can com­po­nent is the Carl Duis­berg Society)—named for one of the prin­ci­pal fig­ures in the found­ing of I.G. Farben.

News that Mohamed Atta had been on the pay­roll of an elite inter­na­tional pro­gram known as the ‘Congress-Bundestag Pro­gram first sur­faced a month after the 9/11 attack in a brief seven-line report by Ger­man news­pa­per Frank­furter Alge­meine Zeitung on 10/18/2001 under the head­line ‘Atta was Tutor for Schol­ar­ship Hold­ers.’ The story quoted a spokesman for ‘Carl Duis­berg Gesellschaft,’ described as a ‘Ger­man inter­na­tional fur­ther edu­ca­tion orga­ni­za­tion,’ as hav­ing admit­ted pay­ing Ham­burg cadre prin­ci­pal Atta as a ‘schol­ar­ship holder’ and ‘tutor,’ as the spokesman put it, between 1995 and 1997.”

But the shock­ing rev­e­la­tion that Atta had there­fore been on the pay­roll of a joint U.S.-German gov­ern­ment pro­gram was con­cealed by the news­pa­per through the sim­ple expe­di­ent of neglect­ing to men­tion that the ‘Carl Duis­berg Gesellschaft’ was merely a pri­vate entity set up to admin­is­ter an offi­cial U.S. and Ger­man gov­ern­ment ini­tia­tive. The U.S. end of the pro­gram is run out of an address at United Nations Plaza in New York by CDS Inter­na­tional. The let­ters stand for Carl Duis­berg Soci­ety, which is also the name of its Ger­man coun­ter­part in Cologne, the Carl Duis­berg Gesellschaft. Both are named for Carl Duis­berg, a Ger­man chemist and indus­tri­al­ist who headed the Bayer Cor­po­ra­tion dur­ing the 1920’s.


CDS Inter­na­tional, states the organization’s lit­er­a­ture, pro­vides oppor­tu­ni­ties for young Ger­man pro­fes­sion­als. ‘These young Ger­man engi­neers earn real world expe­ri­ence and are given assign­ments to con­tribute from the start,’ a pro­gram spokesman enthused in a news­pa­per interview . . .”

Hav­ing pow­er­ful friends in such high places may also explain the curi­ous omis­sions in a sec­ond story about Mohamed Atta’s time in Ger­many which appeared in The Chicago Tri­bune, head­lined ‘9/11 Haunts Hijacker’s Spon­sors; Ger­man Cou­ple Talks , of Liv­ing with Pilot Atta.’ The March 7, 2003 article describes the 1992 meet­ing in Cairo which led Mohamed Atta to move to Ham­burg, between Atta and a Ger­man cou­ple, which the paper does not name, who ran an inter­na­tional stu­dent exchange pro­gram, which the paper also leaves anonymous.

Dur­ing a visit to the Egypt­ian cap­i­tal in fall 1991, said the Tri­bune, the Ger­man cou­ple had stayed with friends who knew Atta’s father, a Cairo lawyer, and his father’s friends had then intro­duced the Ger­man cou­ple to Atta. ‘Atta who had recently grad­u­ated with a degree in archi­tec­tural engi­neer­ing from the Uni­ver­sity of Cairo, told the cou­ple he wanted to study archi­tec­ture in Ger­many, but he had no par­tic­u­lar idea where he should go,’ the paper reported . . .”

In this first con­ver­sa­tion, we sug­gested he con­tinue his stud­ies in Ham­burg and offered him a place to live at our house,’ the paper quotes the Ger­man wife telling inves­ti­ga­tors from the BKA, the Ger­man equiv­a­lent of the FBI. Atta, she states, accepted their offer right away. Why did an (unnamed) Ger­man cou­ple, run­ning an (unnamed) inter­na­tional exchange pro­gram leap at the chance to engage a young man who was not even con­sid­ered promis­ing enough to gain entrance to a local Cairo grad­u­ate school? The Tri­bune doesn’t say.”

After study­ing Ger­man in Cairo, Atta arrived in the coun­try on July 24, 1992, accord­ing to inves­ti­ga­tors’ records, and then lived rent-free for at least the next six months in the couple’s home in a quiet, middle-class neigh­bor­hood. It is more than curi­ous that although Tri­bune cor­re­spon­dent Steven­son Swan­son cites the Ger­man cou­ple for ‘hav­ing played such an impor­tant role in Atta’s move to Ger­many,’ he never gives their names, nor that of the orga­ni­za­tion they worked for. But since just two years later, Atta was on the pay­roll of the ‘Congress-Bundestag Pro­gram,’ it is rea­son­able to con­clude that this same government-funded pro­gram was respon­si­ble for bring­ing him to Ger­many in the first place, under the aegis of an unnamed Ger­man cou­ple. His elite spon­sors are appar­ently pow­er­ful enough to keep the organization’s name out of the news­pa­pers, or at any rate, out of the Chicago Tribune.”

The Final Analysis: 911 Was Made In America
 
History has many interpretations, and the information in this book has been just one of many – an interpretation pieced together from the bold admissions and revelations of insiders, whose stories have been ignored and suppressed by the major media organizations.  It is an interpretation of history that suggests a few determined men strove to change the world in defense of western capitalism in ways which they felt needed to be hidden from the public. Whatever emotion or logic that was adequate to cause them to hide their actions from the public was not strong enough to prevent them from committing the acts.  In changing the world, terrible crimes were committed for the good of the American public, without the American public having a say in what it thought was in its best interest. To cover-up these crimes, thousands of innocent people had to be murdered. Hundreds of thousands of people across the globe have been subjected to the terrors of wars funded by this operation. The ‘few good men’ responsible for these events make sure no one knows who is responsible, because in their hearts, they know that what they do is not acceptable to the American public. The alleged statements by Bush and Reagan, at right, are testimony to that point.

Sarah McClendon: “What will the people do if they ever find out the truth about Iraq-gate and Iran contra?”
 
George H.W. Bush: “Sarah, if the American people ever find out what we have done, they will chase us down the streets and lynch us.”

Ronald Reagan: “If such a story gets out, we’ll all be hanging by our thumbs in front of the White House...”

It might be fair to rationalize their crimes as collateral damage in a war to preserve the American standard of living, and that because they risk their lives to serve the American public, they are ‘entitled’ to reap the spoils of war. If thousands had to die to enrich the life and secure liberty for millions, is that not an acceptable sacrifice?
 
It might also be fair to suggest that these agents are nothing more than a criminal association of sociopaths and psychopaths, out to enrich themselves by means of violence, and who have murdered hundreds of thousands, destroyed the livelihoods of tens of thousands, and caused endless misery, pain and death for millions in foreign lands. As a brotherhood always at war, they live under a motto of ‘results at any cost’ and they spin a web of deceit which allows the American public to tolerate their crimes.
 
It might be fair to view the politicians who use them as ‘realists,’ who accept the existence of both kinds of men, and use them to preserve and protect the American public, and like generals in war, be forced to make the ‘hard decisions’ on behalf of the citizenry.
 
It might also be fair to view the politicians as ‘opportunists’ who use the agents for their own personal gain. Most of these politicians made their fortunes by capitalizing on the death and misery of war which they forced others into unwillingly and through deception. They have insider trading knowledge of secret funds that in actuality belong to the American public, and unlimited personal access to those funds.  

Regardless of any personal  interpretation, the process for ascertaining truth which has held consistent with the values of the American public has been a trial by jury, where the prosecutors and defense abide by the law to conduct a fair and impartial hearings of the facts. This book is based on hearsay evidence, and as a result, proves nothing. Hopefully, what it does is define hypotheses to be proven by subsequent archive research.
 
Americans had a chance in the 1980s to set the system straight, to enforce the law and prosecute those responsible for the Iran-Contra crimes. Americans could have sent a message that criminal behavior by its leaders is unacceptable. By not stopping this organization at that time, Congress and the American public allowed this criminal syndicate of American ‘heroes’ to continue to wreak even more havoc on the world in the name of the American public.

This assault on the Constitution, freedom, democracy, the Geneva Convention, and the rule of domestic and international law has continued unabated for over 50 years. By refusing to re-open the widely discredited inquiry called the 911 Commission, and by refusing to address the covert funding that feeds this syndicate without accountability and with total impunity, the Congress seemingly becomes co-conspirator to past and future crimes.

Ronald Reagan was correct: America will never make concessions to terrorists; to do so would only invite more terrorism. Once we head down that path, there would be no end to it, no end to the suffering of innocent people, no end to the bloody ransom all civilized nations must pay.”

Reagan didn’t know he was talking about our own elected and un-elected leaders, politicians and administrators at the time.

Before his death, General Erle Cocke testified that he thought the whole operation had become too big for anyone to determine how to bring closure to it, and that those who wanted to see it ended just gave up. Given the thousands of people who have been murdered to keep this secret, and given the way witnesses that could implicate this group are treated, maybe those that gave up were encouraged to do so.  Two questions remain: 

1. Does the American public want to bring an end to this covert war, and ,

2. Is there a way to bring this to closure?
 
Two American Presidents – Kennedy and Carter – tried to bring this organization under control, and both were beaten by the machine. Hopefully, the lessons of their shortcomings will provide success in a third attempt.

If there is no third attempt then the America we all believed in, the America we all hope for, is gone forever. With the many revelations surrounding the events of 911 the only “next step” is a Fascist Totalitarian Regime that uses Police State tactics and however sadly that may be for us, I think we can already see the writing on the wall.

I’d like to thank JP Heidner, Barbara Honegger, David Ray Griffin and Captain Field McConnell, without whose contributions this book would not have been possible. Peggy and Sterling Seagraves’ book, “Gold Warriors” was a significant contribution as well.

It wouldn’t have been possible without the Bush/Cheney Crime Syndicate either but my thanks here is certainly not going to be forthcoming.

Jeff Prager

PART TWO - THE FRAUDS AND THE STOLEN GOLD

The 23rd floor of the North Tower of the World Trade Center held FBI records pertinent to investigations of international gold movements and violations of the US Foreign Corrupt Practices Act. The stimulus for the FBI investigation was a lawsuit initiated by GATA, the Gold Anti-Trust Action Committee, against a number of major international bullion banks and the former US Secretary of the Treasury. Specifically sued were Alan Greenspan, chairman of the Federal Reserve Board; William J. McDonough, president of the Federal Reserve Bank of New York; Lawrence H. Summers, secretary of the Treasury Department; J.P. Morgan & Co. Inc., Chase Manhattan Corp., Citigroup Inc., Goldman Sachs Group Inc., and Deutsche Bank AG. The lawsuit alleged that these banks conspired to manipulate and artificially depress the price of gold. The evidence presented by GATA was quite compelling, and suggested that:

1. these parties had used national gold reserves to illegally regulate the price of gold,

2. these banks had created a significant risk that threatened the liquidity of all of the key players, and

3. that the national gold reserves had been illegally depleted as a result. 

The basis for this suit was analysis of gold market prices and trades that suggested approximately 14,000 tonnes of paper gold had been artificially created to keep gold prices depressed. 

This report speculates that gold prices were not being manipulated,
but rather 14,000 tons of stolen gold was being illegally laundered onto the global market.

This report will use publicly available data to present its findings.

9:46p ET Tuesday, September 28, 2010

GATA’s freedom-of-information lawsuit against the Federal Reserve in U.S. District Court for the District of Columbia; an action seeking access to the Fed’s records involving gold and particularly gold swaps, is nearing a critical point. The Fed has asked the court for what’s called summary judgment – dismissal of the lawsuit on the grounds that no relevant evidence is in dispute and that even if all factual assertions by the plaintiff are true there is no remedy at law.

GATA maintains that many factual assertions are in dispute, that the Fed has not searched conscientiously for all documents covered by GATA’s request for information, and that the Fed itself has provided a glaring proof of its failure to search conscientiously. This suit will likely change little.

That glaring proof is the Fed’s failure to identify to the court the gold swap arrangements with foreign banks that were acknowledged by Fed Governor Kevin M. Warsh in his September 17, 2009, letter to GATA’s lawyer, William J. Olson of Vienna, Virginia, denying GATA’s first appeal of the Fed’s refusal to provide access to documents. Warsh’s admission that the Fed has gold swap arrangements with foreign banks and insists on keeping them secret can be found in the first paragraph of the third page of that letter, the first page of which is posted to the right. A link at right will allow the reader to examine the full letter.

In the letter dated September 17, 2010, to GATA’s law firm, William J. Olson P.C. of Vienna, Virginia, Fed Board of Governors member Kevin M. Warsh acknowledged that the Fed has gold swap agreements with foreign banks, but insisted that such documents remain secret.

Link to the full text of this letter: http://www.gata.org/files/GATAFedResponse-09-17-2009.pdf

The Scam

The logic of what GATA called a “scam” on the American citizens and individual gold buyers was this:

Bullion banks “loan” gold to each other at 1% or 2% interest. When they borrow gold to cover needs, they buy a gold future and assign it the lender. Thus the lender always has the “same” amount of gold, except some is ‘paper gold.’ According to GATA, these banks would loan gold to each other, and then sell the real gold, using the proceeds to invest in equities, which paid a higher return. This is a good deal when the investment’s return on the equity is greater than the costs of the increased price of gold. The GATA claim is that this process had been going on secretly for a number of years, with US private banks making hefty profits using US treasury gold. This process is not illegal – fixing-prices is. At some point in the process, these banks had loaned out more gold than could be produced by all the gold mines in the world in the next two and a half years. Because the world started viewing the dollar as overvalued, there was a move towards gold, which stood to drive the price of gold up – dangerously so. These banks then had to borrow and sell even more US gold, and then (it is contended) brought in the London banks to support them, to keep the price of gold artificially down. The prices had to be kept artificially low because if there was an actual call on the gold loans by one bank, it would bring them all down just as we see with a house of cards. Without the attack on 911 the house of cards would have fallen.


There was not enough physical gold available
to make good all the futures being held by the banks

The misunderstanding of the gold market continues with the awful journalism by our mainstream
controlled media written about in “Fascism In America,” linked below.

The falsity of the data about the gold market
practically screams at financial journalists:


        • There’s the omission by official gold reserve reports of leased and swapped gold.

        • There are the sudden huge changes in official gold reserve totals.

        • There are the deception and conflicts of interest built into ETF prospectuses.

Facism in America: http://dl.dropbox.com/u/16017306/Book%205.pdf

The valid documentation about the gold market also practically screams at financial journalists:

• There are the huge and disproportionate gold, silver, and interest rate derivative positions built up at just two or three international banks, positions that never could be undertaken without the express or implicit underwriting of the U.S. government.

• And there are the dozens of official records, records collected and publicized by GATA over the years, demonstrating the plans and desire of the U.S. government to suppress and control the price of gold.

But financial journalists just don’t ask about these things. After all, who are the major advertisers in the financial news media? The market manipulators and governments themselves!

•  The Media Controls The Message  •

It has been speculated that it was these banks
– with a focus on the American banks –
that somehow brought about the attacks
on 911 using the cover of the
airliner assault to destroy the
evidence against them

According to this theory, the attack needed to happen before October 9, 2001, when this lawsuit opened in court and before September 12th when $240 billion in fraudulent bonds became due. It may be fair to speculate that U.S. bank executives were not worried about being convicted for violation of dubious and ambiguous laws. However – win or lose, this report speculates there was at least one group of bank executives that had plenty of reason to worry if this lawsuit succeeded in the open courtroom or if an attempt was made to clear these fraudulent bonds, and that is the group that set out to destroy the World Trade Center. These are the executives who were worried that an investigation and trial would expose their gold laundering activity. These are the executives who were equally worried that an attempt to clear fraudulent bonds would expose their fraudulent financial scams. This report speculates that gold being sold on the market was not “artificially created,” but rather illegal, stolen gold that needed to be laundered. If the illegal gold was confiscated by the judicial system or if the fraudulent bonds surfaced the bankers responsible for protecting the gold and creating the bonds would be help responsible, and their lives – most likely – would be forfeit.

Bankers are naturally averse
to spending their lives in a Federal Prison

The Attack On 911

The argument that the attack on the World Trade Center was an attempt to silence an investigation into gold transactions and money laundering has never seriously been considered. In a world that has recently seen reports of the disappearance of 4,000 to 60,000 tons of illegal gold stolen from various national treasuries, no one seems to have asked: how is this gold being laundered. The selling behavior demonstrated by the bullion banks could also be interpreted as selling off huge, illegal gold hoards at a previously agreed upon price point. The hypothesis that a large portion of this may be laundered by the Deutsche Bank becomes more compelling when one focuses on the Deutsche Bank, and its possible reasons for wanting this investigation quashed – which no one, except maybe the FBI, has focused on. 

The Deutsche Bank (along with Dresdner and US banks) had been conducting gold sales for years, and indeed, it was speculated in the GATA suit that the European banks in general had illegally dumped large amounts of their reserve gold to buoy up bank profitability.  
 
“Deutsche Bank, the largest German bank, which had precious metals derivatives at the end of 1996 with a total notional value under US $5 billion, by the end of 1999 had grown this business to a total notional value in excess of $50 billion, or by more than 10 times in three years. What’s more, a huge amount of this growth came in 1999, especially in the last half, as can be seen by comparing the average notional value for 1999 ($37.7 billion) with the year-end notional value ($51.2 billion). Note also that this growth was almost all in the longer maturities. Nor can the 1999 growth in Deutsche Bank’s precious metals derivatives be ascribed in any major way to its acquisition of Banker’s Trust. Its OCC report for March 31, 1999, listed precious metals derivatives with a total notional value of around $6 billion, which by June 30 had decreased and were just over $1 billion...”
 
“The only major gold fund manager that I know who never owned a single share of Bre-X told me that he never bought the stock because:

1. even if you believed the company’s story, the stock almost always looked too expensive; and

2. however great the ore deposit, large gold reserves are not built as quickly or as easily as Bre-X claimed to do.

So too, the amazing emergence of Deutsche Bank from almost no gold derivatives business in 1996 to a book with a notional value approaching 5000 tons, larger by far than the book of any of the three principal U.S. commercial banks in this business, does not pass the smell test. Indeed, it is very hard to see any reason for the rapid creation of this huge position in gold derivatives other than to try to manipulate and control gold prices (resulting from the influx of stolen gold).

www.goldensextant.com

Examining Howe

11:26p ET Monday, November 5, 2001


Dear Friend of GATA and Gold:

The case of Howe vs. Bank for International Settlements et al. -- I like to call it Howe vs. All the Money in the World -- was roughed up a little today but survived its first day of hearing in federal court in Boston.

During 2 1/2 hours of oral argument, U.S. District Judge Reginald C. Lindsay dismissed two counts of the lawsuit involving securities fraud charges against defendant J.P. Morgan/Chase, and ruled that the plaintiff’s method of serving lawsuit notice papers against the BIS – by mail in English instead of by personal service in German – was insufficient.

But the two dismissed securities fraud counts were secondary to the lawsuit’s substance, and the problem with the lawsuit notice probably can be fixed by a pricey translator if the lawsuit is allowed to proceed.

The judge took the remainder of the case back to his chambers for drafting a written decision on the plaintiffs’ motions to dismiss the rest of the lawsuit. That could take weeks or months.

The case was called at 2:30 p.m. in a beautiful and huge courtroom in the opulent new U.S. courthouse just across Fort Point Channel from gleaming downtown Boston. About 30 people sat in the audience section at the back of the courtroom, some of them GATA supporters, including a few who had come quite a long way to watch.

Plaintiff Howe sat alone at the counsel’s table on the audience’s left. At the counsel’s table on the right sat his opponents, nine lawyers representing the BIS, Goldman Sachs, Deutsche Bank, J.P. Morgan/Chase, Citigroup, the U.S. Treasury Department, the Federal Reserve Board, and the New York Federal Reserve Bank. Behind them in the gallery were still a few more defendants’ lawyers. The defendants’ lawyers seemed to be smirking over their having had to come all this way just to confront a mere pro-se litigant, but they seemed to be smirking less when it was over.

About two-thirds of the hearing consisted of Judge Lindsay’s questioning Howe about the case and its likely weaknesses. The judge was exceptionally well-informed about both the legal technicalities and the broader issues behind them. While he sought to move the hearing along, he also was pretty indulgent in letting Howe explain things.

The hearing wasn’t really about whether the gold market is manipulated. It was about whether there is any basis in law for the suit. Thus it turns on legal issues and technicalities that will interest few of the partisans of gold and free markets – issues like the very limited circumstances under which the government and government officials may be sued for official acts. But a few observations from this partisan may be of interest:

• The judge had trouble seeing in the lawsuit’s claims possible evidence that the bullion banks had conspired with each other rather than with the federal government, other than what was called “parallel conduct” -- their doing the same things in the market at the same times. I thought Howe answered this well by noting that the bullion bank defendants had issued the overwhelming majority of gold and interest rate derivatives and essentially were themselves the markets for those instruments.

• The judge seemed almost obtuse in not understanding Howe’s claim that there was fraud in the BIS’ forcibly redeeming the shares of its private shareholders at less than fair value when there had never been any indication to the private shareholders that their shares could be taken this way.

• One of the lawyers for the government asserted the government’s right, under the laws establishing the Federal Reserve Board and the U.S. Treasury Department’s Exchange Stabilization Fund, to trade in gold in a way affecting gold’s price. That is, he almost seemed to be claiming, on behalf of the government, the right to do exactly what the lawsuit complains of, without actually admitting that this was happening. (Whether he is right is exactly the legal issue the suit seeks to settle.) Howe was excellent in rebutting this claim. He argued that prior to 1974 Congress had fixed the gold price, but since then has left gold’s price to the market. Thus, Howe said, any government trading in gold cannot constitutionally aim to fix the price, and certainly not surreptitiously. (I thought Howe got by far the better of this exchange, at least establishing a point worth litigating. Unfortunately I was sitting on the wrong side of the courtroom. We’ll just have to wait to find out what the judge thinks.)

• Howe was just as effective in describing the unfairness of the BIS’ liquidating its private shareholders without recourse and without arbitration. While the judge at first had wanted to skip argument on the arbitration issue, considering it examined adequately in the legal briefs, Howe managed to get his approval to make one point and
then another and another, and the effect was very strong politically – it gave the impression of ordinary small investors getting screwed by arrogant and powerful people. This happened to be the last issue discussed, so Howe finished strong, the other side weak.

When it was over, the courtroom cleared out quickly, and Howe was left alone at the counsel table packing his books and papers into his briefcases. Forgive the editorializing, but I couldn’t help but think of the scene at the end of the trial in that wonderful movie, “To Kill a Mockingbird,” when Gregory Peck, playing the quietly heroic defense lawyer, Atticus Finch, does the same thing, seemingly alone – and yet he is not alone, but rather watched by the oppressed people in the gallery with awe, admiration, and respect for standing up against the most hateful
and vicious power. What I saw today was really not so different.

I won’t guess what will happen with this case; anything can. Maybe the essence of what has happened today is that we could have lost the whole case but didn’t. (I spent some time later with Howe and his business associate, Bob Landis, and, analyzing the day clinically, almost as a sport, they seemed ready to be hopeful.)

We still may lose the case on the technicalities in a few weeks and should be prepared for that.

But two things:

• Enough of the cursed cynicism that the courts are as rigged as the markets, that there is no fighting the power. We know some things about market rigging but there is no evidence that anything in court today was rigged. We got a day in court if not quite yet OUR day in court. And for all its faults this remains a country where one brave man pleading his own case can summon the representatives of all the money in the world and put the bastards in danger of having to answer for themselves.

• The lawsuit is an important front in our struggle for free markets and honest dealing but it is not the only front, and, win or lose here, our strategy and plan will be, in Churchill’s words, KBO: Keep buggering on. Thanks to GATA Chairman Bill Murphy and Howe and those who have come to their assistance, we have discovered that the scheme against gold is only part of a bigger scheme involving interest rates and currencies to deprive the financial markets of any standards of value and to expropriate the world for the benefit of certain Wall Street interests and to make the world the slave of the U.S. dollar. This deeply shames Americans who understand it. That is why they will continue to oppose it as best they can regardless of what happens in court. It is an anti-imperialist cause and thus a great cause. And, as Churchill said, “When great causes are on the move in the world, we find that we are spirits, not animals, and that something is going on in space and time, and beyond space and time, which, whether we like it or not, spells duty.”

Chris Powell Secretary/Treasurer - Gold Anti-Trust Action Committee Inc. (GATA)

Guns, Grenades, Rocket Launchers - What If?

The question needs to be asked, however: what if the German banks, but primarily the Deutsche Bank – and possibly some American banks – were not selling its gold reserves, but rather were laundering gold for its clients from the dark side? Until this report, there has been no mention of this possibility. Not too long ago, several previous board members of the Deutsche Bank were indicted for helping high profile clients avoid taxes by laundering money into Switzerland. The bank certainly also had a reputation for the less dignified money laundering activity associated with ‘organized crime’ and the Chairman of the Deutsche Bank Board admitted the bank was “possibly” had been “misused” by these same Russian Mafia types, previously linked to the Mossad in the book “Murdering Liberty Killing Hope.”
 
“On September 5, 1999, the German newspaper Weld am Sonntag quoted Deutschebank CEO Rolf Breuer saying that “It could be that we were abused as an intermediate coordinating point” in the fast- developing Russian money laundering scandal. Deutschebank and its U.S. affiliate Bankers Trust (BT) filed “suspicious transaction” reports about Russian clients, as BT had “correspondent banking” relationships with Russia’s Inkombank, which “allegedly had ties to organized crime,” according to USA Today ( 8-27-1999 ). Moreover, an Inner City Press story (9-11-1999) also revealed that German magazine Der Spiegel quoted Breuer as admitting that it was “possible” his bank was “misused” as an intermediary for money laundering.”


The Profits of Death - Part III
Tom Flocco and Michael C Ruppert
From The Wilderness Publications - 2002

Murdering Liberty Killing Hope
http://dl.dropbox.com/u/16017306/911%20Final%20Unedited.pdf


 
 On August 28, 2001, 14 days before the Trade Center attacks
former Deutschebank senior bond investment trader Kevin Ingram
pled guilty in a $2.2 million dollar money laundering conspiracy, resulting from
a government sting operation investigating the illegal sale of night vision goggles,
Beretta machine pistols, M-16 machine guns with silencers, rocket-propelled
grenade launchers, mortars, surface-to-air missiles (SAMs), TOW anti-tank
missiles, and Stinger missiles, according to court papers
examined by the New York Post


The Profits of Death - Part III
Tom Flocco and Michael C Ruppert
From The Wilderness Publications - 2002

Any serious investigation into illegal gold laundering by the FBI probably would have exposed transactions no one wanted to make public. Any FBI evidence would have to be destroyed, and the investigation stopped. One of the more convenient aspects of the attack on the WTC is that while destroying relevant FBI investigation materials, it also destroyed all US Deutschebank records:


Michigan Senator Carl Levin’s Minority Banking Report
of February 2001 calls correspondent banking the “gateway to
money laundering,” a financial technique wherein illicit money is moved
from bank to bank with “no questions asked,” thereby cleansing funds prior to being used for legitimate purposes.

Via correspondent banking
relationships, banks not licensed in the U.S. may gain
access to American financial markets by establishing
a correspondent relationship with banks that are.
Deutschebank is licensed in the U.S. and
maintained offices at the
World Trade Center.

All U.S. Deutschebank records were destroyed in the September 11 attacks


The Profits of Death - Part III
Tom Flocco and Michael C Ruppert
From The Wilderness Publications - 2002

Settled And Sealed

The original GATA lawsuit was dismissed, and the FBI investigation was ended

A reorganization of the FBI in 2002 refocused agency attention on terrorism, leaving bank crime to “other agencies.” Another civil suit seeking to avoid the shortcomings of the first suit, was initiated in 2003, and was scheduled to be heard in April of 2005 – after successfully surviving the defendant’s motions to dismiss. It was settled out-of-court, under sealed conditions in 2006.

Tons of Illegal Gold

What the GATA and the subsequent suit never considered was that while “large, inexplicable” amounts of gold (estimated at 6,000 to 14,000 tons) were being released on the market by the bullion banks, possibly this was a gold laundering operation. Certainly enough stolen gold had poured into Germany and Switzerland from various
sources to explain a majority of the German trades (and possibly trades by US banks as well), and these flows will be documented in this report:

            • 3,000 tons of gold stolen from Russia by the KGB, a theft made public in
                September 1991 by Grigory Yavlinski;

            • 40 tons of Czech gold;

            • an undisclosed amount of Third Reich (Nazi) gold stolen from the Holocaust
                victims and their survivors as well as undisclosed treasury gold removed
                from the banks of conquered countries;

            • at least 1,000 tons of Philippines gold from the Marcos family, which had
                previously been the wealth of the Japanese Imperial family hidden
                during World War II.. Some estimates of this Golden Lily treasury reach
                up towards of 60,000 tons.

“Approximately 1,000 tons of the loot was liberated by Ferdinand Marcos before his ouster. Billions of dollars worth were shipped overseas by American intelligence agents and the Mafia. Much of the horde was cabbaged away in a high-security, subterranean storage cache buried beneath the Zurich airport. This vault was once used to conceal European gold from Hitler’s greedy SS scavengers. Fifty years later, some of the same bullion has found its way into the campaign coffers of ultra-conservative political candidates in the U.S., according to the Las Vegas Sun. But Marcos didn’t recover the lion’s share of the pelf. A six-month series in the Sun reported in 1993 that Marcos abandoned thousands of tons of gold hidden in his homeland. Gary Thompson, the newspaper’s former managing editor, and journalist Steve Kanigher published copies of gold certificates from Credit Suisse, deposit records from the Union Bank of Switzerland, the correspondence of Corazon Aquino and letters to Reagan administration officials documenting witness accounts that lackeys of the CIA and Army Special Forces carted off an unknown quantity of the bullion... Citibank was drawn into the operation to negotiate ownership of a Philippine gold horde secreted in the Bahamas... From the balmy islands, Imelda Marcos was heaving billions of dollars in gold on the black market, frantically, before the remains of their tin dictatorship was seized by the courts. The sudden infusion of Philippine gold on the world market threatened to depress the already-sagging price of the metal. This cabal settled on a drastic solution – a strategic terrorist act staged to drive up the price of gold. “

Saudi Entrepeneur Adnan Khashoggi Linked to 9/11 Terrorists
Alex Constantine

Is It Gold Or Is It Memorex?

INQUIRER NEWS SERVICE - Manila, Philippines
July 1999

Last May, former Solicitor General Francisco Chavez dropped a bombshell. He came out with a full-page ad in three Manila broadsheets claiming that the Marcos’ had $13,400,000,000 dollars in deposits at the Union Bank Of Switzerland ( UBS ) under the account of Irene Marcos-Araneta, the Marcos’ youngest child, and a hoard of 1,241 tons of gold at an underground bunker at Kloten Airport in Zurich. He also alleged Mrs. Marcos was maintaining 800,000 ounces of gold in unfrozen accounts in Switzerland.

Chavez accused former President Fidel Ramos of having been a recipient of laundered Marcos money two years ago. Ramos has called Chavez’s allegations “recycled and kuryente (“false leads” in journalist parlance ).” Chavez also accused the PCGG, under PPresident Joseph Estrada appointee Magtanggol Elma, and Malacañang of “conniving” to hide the alleged Marcos loot. Chavez’s ad later set off a series of events that dramatized how the path to the recovery of the alleged Marcos wealth is shrouded in deep mystery and tangled in a web of acrimony. Oddly enough, the PCGG and Malacañang said Chavez’s revelation was based on “mere speculations” by Australian bounty hunter Reiner Jacobi whom the PCGG, under then Commissioner David Castro, had hired in 1989 as consultant for European affairs to track down the “Marcos millions.”

In a 65-page report to the Senate Blue Ribbon Committee, headed by former anti-Marcos politician Aquilino Pimentel Jr., Elma blasted Chavez for the ad. Elma said Jacobi was a “forger” who gave PCGG documents that never withstood judicial scrutiny. There was no such Irene Araneta account, Elma said, using as basis the information given to him by Zurich District Magistrate Dieter Jann. Reiner Jacobi, Elma insisted, was merely “resurrecting an old tale” because he was “angered” by a PCGG resolution rescinding the 10% finder’s fee deal from assets he would help recover. Some PCGG officials said Jacobi had given the PCGG documents claiming the Marcoses had a $250,000,000 billion gold hoard in Switzerland, an account which they found way “too fantastic.” Elma also said that Chavez could have filed the case to recover the reported $13,200,000,000 billion account and Marcos gold hoard during his tenure but had chosen not to. “I wasn’t aware of these cash accounts during my term, and I wasn’t in possession of these documents,” Chavez retorted. “It was only much later, a good 7-years after my term ended.”

Undaunted by the unwelcome response from Malacañang, Chavez left for Australia to meet with Jacobi last month. Upon his arrival, he charged that Swiss officials specifically Peter Cosandey, whom the government had once credited with remitting $590,000,000 million worth of frozen Marcos deposits had lied about the Marcos accounts. Cosandey was the Zurich District Magistrate and Philippine contact at the International Mutual Assistance on Criminal Matters ( IMACM ). According to Chavez, Cosandey is one of a number of Swiss officials who have blocked the efforts of the PCGG to recover substantial Marcos Swiss bank deposits, including those identified by the commission as early as 1986. He claimed Cosandey protected confidential information on the Marcos accounts in UBS and Credit Suisse, preventing it from getting into government hands when discovery was made by Reiner Jacobi in 1991.

Upon Cosandey’s orders, Reiner Jacobi and his informers Fritz Walser and Anthony Silano were arrested and charged with economic espionage on July 10, 1991 in Munich, Germany. Walser was an informer who knew a banker who had penetrated the banks’ computer systems, Chavez said. Walser’s contacts also reportedly confirmed the existence of 1,241 tons of Marcos gold deposits at UBS under account number 7257. It was the same account passed on to the government by Adoracion Edralin Lopez, a Marcos relative, Chavez said. He said the discovered Marcos accounts were later transferred in the name of the late dictator’s Swiss lawyer Bruno de Preux and his son, Cyril.
Switzerland sought to extradite Reiner Jacobi from Germany but lost in a German court, which decided that the charge against him was “politically motivated.”

Walser would later claim everything he revealed had been a hoax, in exchange for his freedom. His revised statement was later used by Swiss authorities to claim that the $13,400,000,000 billion Credit Suisse account under “I. Arenetta” and the 7257 accounts were a hoax.

The Inquirer has, however, noted that the charge of economic espionage filed by Swiss authorities against Reiner Jacobi only lent credibility to the information on the Marcos secret accounts. “Even the wording of the charge sheet indicated the accounts were real,” wrote Donna Cueto.

New Twist

In a sudden turn of events, Swiss authorities revealed that six accounts of
known Marcos cronies had been identified.


The accounts, amounting to $20,000,000 million, were under the names of:

       
            • Benjamin Romualdez, younger brother of Mrs. Marcos;

            • Roman Cruz Jr., former chairman of Philippine Air Lines;

            • Geronimo Velasco, former Minister Of Energy;

            • Rodolfo Cuenca, former chairman of the CDCP;

            • Ignacio Gimenez, personal secretary of Mrs. Marcos;

            • Fe Roa-Gimenez, personal assistant of Mrs. Marcos; and,

            • Herminio Disini, who brokered the Bataan Nuclear Power.

Jose Tirona Calderon Makes A Claim
The Calderon Letter

Pedro Palafox Laurel a Treasure hunter, who found Gold and then worked out a deal with the Former President Ferdinand E. Marcos, where he would turn over the gold he found to Marcos who would work out getting it out of the Country and then give a share of the gold that would at that point be in a foreign country. On that basis Marcos gave him as his share of gold Marcos had deposited in UBS using Lincoln Bank and Trust and Bengal Trading Limited as the Agent with the following certificate numbers: 11833,11833-1,11833-2,11833-3,11833-4,11833-.

Mother Account at UBS is comprised of bullion account numbers for different owners, but this principal mother account was in the name of former President Ferdinand E. Marcos for convenience purposes. Gold in the Philippines is under strict control by the Central Bank, and in the 1970’s and 80”s it was prohibited for individuals to own any quantity of Gold. They had to surrender/sell it to Central Bank. The only way to circumvent that was through the Office of the President, where he would get a cut and the [ Finder ] would get a share..

The Mother Account: Coordinates established by Marcos, in furtherance of this purpose, are as follows:

                    Master Account No. 7257
                    Metal Account No. 725-70367-D
                    ABA Account No. G-725-7067-D-UBS
                    Location : Kloten Airport
                    Vault No. 88-RW-RP

The offshore companies was set-up to hide the true identity of the owner, the companies and the access code and the depository bank, are as follows:

Bengal Trading Limited ( Isle of Man ) – Overseas Agent
Lincoln Bank and Trust Company ( British West Indies ) – Trustee Bank
Lincoln National Insurance Company – Insurer
Depository Bank: Union Bank of Switzerland [Main]
Code Name: SOLICITOR KNIGHT/JAV
Reference: LPFI-12-90-IPS/VIREO-12-15

The GBC’s issued to various participants as their share are as follows:

        1.     11833         • 1000 Metric Tons Bearer
        2.     11833-1     • 1000 Metric Tons Pedro Palafox Laurel
        3.     11833-2     • 1000 Metric Tons Pedro Palafox Laurel
        4.     11833-3     • 1000 Metric Tons Pedro Palafox Laurel
        5.     11833-4     • 1000 Metric Tons Pedro Palafox Laurel
        6.     11833-5     • 1000 Metric Tons Pedro Palafox Laurel
        7.     11833-6     • 1000 Metric Tons Bearer
        8.     11833-7     • 1000 Metric Tons Bearer
        9.     11833-8     • 1000 Metric Tons Bearer
        10.     11833-9     • 1000 Metric Tons Bearer
        11.     11833-10     • 1000 Metric Tons Sub divided to:

        a.     11833-11    • 100 Metric Tons Bearer Subdivided to 11833-27- 50 Metric Tons Bearer
            11833-28- 25 Metric Tons Bearer, 11833-30- 5 Metric Tons and others.
        b.     11833-12     • 100 Metric Tons Bearer
        c.     11833-13    • 100 Metric Tons Bearer
        d.     11833-14     • 100 Metric Tons Bearer
        e.     11833-15     • 100 Metric Tons Bearer
        f.     11833-16     • 100 Metric Tons Bearer
        g.     11833-17     • 100 Metric Tons Bearer
        h.     11833-18     • 100 Metric Tons Bearer
        i.     11833-19     • 100 Metric Tons Bearer
        j.     11833-20     • 100 Metric Tons Bearer

Certificate of Ownership: supports each of these GBC’s. They are only negotiable on their maturity date of January 11, 2003 as stated in the Data Sheet that “PLEASE BE ADVICE THAT PREMATURE ARRANGEMENT TO ANY THIRD PARTIES SHALL SERIOUSLY IMPAIR THE CONFIDENTIALITY AND SECRECY OF THE DOCUMENTS”.

Lincoln Bank and Trust Company and Bengal Trading Limited: were set up by Marcos and the UBS attorney, Nichlaus Seen in such a way as the real originator of the account and the equitable owner would remain undisclosed persons, all as a way to avoid the treaty provisions after WWII which would have required Laurel and Marcos to return to the different countries that the Japanese plundered.

Union Bank of Switzerland: was constituted as the depository bank of the physical Gold deposit. The deposit was made for the ostensible owner, thru his Agent Bengal Trading Limited.

Solicitor Knight/JAV , Lincoln Bank and Trust Company [BWI] Bengal Trading Limited [Isle of Man]

Beneficiaries: The Bengal Trading Limited, issued to the specified beneficiaries [Owner] the corresponding Ownership Trust Certificates, to prove aliquot share of ownership over the trust assets. Thus, the holder of the true certificates is presumed to be the owner of the aliquot share of the Gold deposits represented by the 20-year Gold bullion certificates. To evidence the deposits by Bengal Trading Limited in Union Bank of Switzerland, Bengal Trading Limited, issued a DATA SHEET, which contains all access codes, account number, and their corresponding certificate numbers.

UNIT-TRUST, in accordance with Unit-trust scheme, Lincoln Bank and Trust Company, issued 20 year gold certificates to prove the aliquot share of ownership over the physical Gold deposits, this Unit-Trust, scheme is only for documentation purpose to conceal the identity of the true owner/beneficiaries, but at the same time constitute the holders of the set of certificates as presumptive aliquot owners of the deposits with Union Bank of Switzerland.

Union Bank of Switzerland, will always denied the existence of this deposit. If you were in their shoes you probably would deny that it existed since the large chance exists if no one can validly claim it, then it remains on the books of the bank and therefore provides capital for the bank. A gentleman from Austria who holds two bullion accounts in Union Bank of Switzerland, inquired about this bullion account through his bullion officer and was advised that the account did in fact exist but that he could make no further inquires regarding same, or his bullion accounts would be closed. Through another source, UBS legal counsel Mr. Urs Wenzel, admitted that the Account No. 7257 existed but it is under the name of a Swiss National Mr. Cyril de Preux the son of Mr Bruno de Preux, another former lawyer of the Former President Marcos.

Former CIA agent General William Eliscu, confirmed that there were 62,500 Gold bars with serial numbers: 44570/49569/5000, 68400/76999/8500, 21345/25344/4000 and 121100/1710999/5000 at Kloten Airport.

Walter Michelle, Manager of Kloten Airport confirmed the existence of the Gold bars referring to the above serial numbers. Excerpt from a Publication, “Shifting Through Tall Tales” Friday 10th of November 2000, by Gemma B. Bagayaua, in the Philippine Inquirer:

“Me personally I have seen the shipment of these Gold Bullion out of the Philippines during the Martial Law days, it took almost two weeks day and night the Armor Cars of the Central Bank passing Roxas Blvd to the Manila International Airport [Now Ninoy Aquino International Airport].”

We got to be practical in pursuing these sensitive deposit, we have to settle amicably and confidentially with Union Bank of Switzerland and put everything in their proper prospective. So that once and for all we shall end all claims regarding these assets and help the Filipino people for their hardship.

Jose Tirona Calderon
June 8,1999

Early Reports

While the early reports of this Philippine treasure were generally regarded by the media as rumor, the story was subsequently well substantiated by the reporting of David Guyatt and others. A major source for this documentation was a death bed statement by Brigadier-General Erle Cocke, in April 2000. Cocke was a banker before he became a black operative. He had worked as a “fixer” for “every President since Truman.” Additionally, he was an Alternate Executive Director of the World Bank for four years, a member of the US delegation to the UN for two years running, with the pay and rank of a US Ambassador, a Knight of Malta and a Shriner Mason. According to these sources:

“the OSS – the wartime forerunner of America’s spy agency, the Central Intelligence Agency (CIA) – began recovering the bullion plundered from a dozen or so nations. This bullion formed what became known as the “Black Eagle” fund, which was part of a secret agreement eclipsed behind the 1944 Bretton Woods Agreement. Consequently, the metal was placed under the care of the OSS (and later CIA) operative Severino Garcia Santa Romana, who put it under the control of numerous corporate entities he formed for the purpose. These entities, in turn, proceeded to establish 176 bank accounts in 42 different countries in which to deposit these assets under private treaty agreement. Santa Romana died in 1974, and following his death his former attorney and trustee was able to “acquire” considerable portions of Santa Romana’s estate by illicit means. The lawyer was Ferdinand Marcos, who went on to become President of the Philippines and a favorite friend of the United States until his overthrow in 1986. The acquisition of these assets helped give rise to stories of “Marcos gold” – a legend that was supplemented by additional later recoveries of WWII gold and other loot using a Filipino Army battalion under the overall command of Marcos henchman General Fabian Ver.”

Project Hammer Reloaded - Part 1 of 2
Extracted from Nexus Magazine - Volume 10 - Number 5
August-September 2003 by David G. Guyatt


 
Additional evidence of Marco’s recovering the
Golden Lily treasure comes from the
Filipino newspaper The Inquirer

In 1998 the paper published an article
entitled “Soldiers of Fortune”

The article revealed that all members of the 16th Infantry
Battalion had signed a joint affidavit declaring that, together with
members of the 51st Engineering Brigade, they had recovered 60,000 metric tons
of gold from thirty sites between 1973 and 1985. Both units operated in strict
secrecy under Marcos’ henchman Fabian Ver.

Nazi Gold - Part 10: The Emperor’s Golden Lily
by Glen Yeadon

Other Versions

There are other versions of this story. From an individual who provided
a day of testimony to the lawyers who went after the gold:
 
“I was frankly stunned to read, in Lear’s own typed wording, that he was supposed to secure the planes for the gold shipment for a company in Amsterdam called Kindrich International, and that 106 tons of gold were to be flown from Guam to Taiwan, where it was to be smelted down, and then to Zurich, Switzerland via Dubai or Abu Dhabi. According to his memo, there were several other people involved in the operation: Juanita Hanson was the managing director of Kindrich International; Bob Kerkez was instrumental in some way from West Germany; Hank Warton of Miami, Florida was in charge of the operation; Vern Peoples in Las Vegas was in charge of coordinating with Lear, and Jack Taggert was to receive a “10% cut” for setting it up. I couldn’t help but wonder what Lear’s slice was to be for his participation in the deal.”

The Marcos Gold Mystery
Lars Hansson
 
In the version provided by Paul Manning, many of the details
of the “Golden Lily’ are reconfirmed, and indicate
yet another – this time, British – group
moved gold to Switzerland as well.
 
“In his transfer plan of 1944, Lord Privy Seal Kido was confronted with the problem of physically moving the emperor’s gold kilo bars from the Imperial Palace to some safe haven where their value would be credited to the imperial account in Switzerland. In 1944, when Japanese fighter planes still controlled the air space of northern Asia, this proved a soluble problem. The major Swiss banks, such as Swiss Bank Corporation, have five key areas throughout the world where gold and silver bars can be deposited in Swiss controlled vaults, with a credit then telegraphed to the relevant bank in Switzerland. These key localities are known in the Swiss banking business as “Loco,” so once Kido had dispatched a Japanese imperial courier plane with fighter escort to Hong Kong and Macao and other sites with imperial kilo bars they quickly became a deposit credit in the Swiss receiver bank. By the end of the war the deposits on hand were astronomical, and during the postwar rehabilitation of Japan, the imperial fortune kept increasing from the interest charges for loans to various zaibatsu companies who were struggling – as were German firms – for a comeback in world markets. As a result of these transfers, American  fiscal investigators found the imperial vaults pretty nearly bare when they went poking through the recorded assets in the imperial palace following the Japanese surrender aboard the U.S.S. Missouri on September 2, 1945. They found jewelry, gold, silver, coins totaling 3,010,066 yen, and as the yen at that time was worth about 3.60 to the U.S. dollar, it was a token $10 million.”

Martin Bormann – Nazi in Exile
Paul Manning
 
“...by 1944 Japan had taken 25 tons of gold from the vaults and mines of various Asiatic countries it had overrun. Like so many other moveable assets, the 25 tons of gold bullion disappeared in 1944, and this is a secret known only to a cadre of top leadership among the zaibatsu.”

Martin Bormann – Nazi in Exile
Paul Manning

Moving Gold With A 747

As part of this illegal gold movement, it is extremely important to notice where at least 50 tons of it went, because it starts a chain of events involving the banks of Bankers Trust, JP Morgan and the Deutschebank Alex Brown. It is also important to note that the gold started to be moved into the market place in the early 1980’s by Marcos himself and in the late 1980’s by his wife. It was during this time that George Bush Sr. got involved.

“In 1982, Ferdinand Marcos arranged via his right-hand man, General Fabian Ver,
to transfer 50 tons of gold bullion to Switzerland via two chartered 747 aircraft.
These were arranged by an individual using the name Ron Lusk, who had
been retained by Ver to deliver the gold to Bankers Trust, Zurich.”

Project Hammer Reloaded - Part 1 of 2 
Nexus Magazine - Volume 10 Number 6
October-November 2003 by David G. Guyatt

“(in) 1983... according to U.S. intelligence insiders, then-Vice President Bush
authorized a Boeing 747 with a special “carriage” to airlift several
tons of gold bars from Clark Air Force base in the
Philippines to LaGuardia Airport in New York.”

Texas to Florida: White House-linked clandestine operation paid for “vote switching” software
Online Journal
Wayne Madsen at http://www.politrix.org

Guyatt goes on to claim that a letter from Henry Kissinger demanded that Marcos sell

“...63,321 tons of gold to 2,000 US and European banks ...”

The letter was dated February 21, 1986
Marcos refused and was overthrown as a result of his refusal
Imelda Marcos, however, chose to sell the gold to avoid criminal charges
and the gold was transferred aboard the US Eisenhower to the United States

Nazi Gold - Part 10: The Emperor’s Golden Lily
by Glen Yeadon

Bush Sr Get’s Involved

The question may be asked: how and why did
George Bush Sr. get control of a portion of that gold
The answer is reported by Wayne Madsen
 
“The Bush family off-shore money tranches originated with gold bars and jewels spirited out of the Philippines upon the overthrow of Ferdinand Marcos in 1986. The Marcos fortune was the price exacted by Vice President Bush for his being granted asylum in Hawaii. The gold bars were transported from the Philippines to the International Diamond Exchange Vaults near Rockefeller Center. A CIA proprietary firm called Oceaneering International of Houston (right) procured barges to move some of the gold from secured warehouses to a specially-configured Boeing 747 which then flew the cargo to New York. Oceaneering sealifted the remaining gold to Oregon. After George W. Bush’s victory in 2000, the last of the gold and jewels stored in New York was moved to UBS Bank in Zurich. Marcos and Saudi billionaire Adnan Khashoggi set about to create Five Star Trust in 1983 as a means to create a vehicle to use the Philippine wealth to create and funnel fungible assets abroad. In 1989, Five Star Trust (right) was officially established in the Isle of Man by a Houston-based attorney who was a close friend of the Bush family.”

Wayne Madsen
http://www.waynemadsenreport.com

Rise Of The Vulcans

Is should be of historic note that it was three of George Bush’s key aides who played primary roles in convincing President Ronald Reagan to withdraw his support for Marcos, thus forcing Marcos to seek asylum and deal with George Bush Sr.
 
“Armitage, Wolfowitz and Sigur were at the center of what was in many ways the most
surprising change in the Reagan administration’s foreign policy; the decision to encourage
Philippine President Ferdinand Marcos to give up power in 1986.” 

Rise of the Vulcans
The History of Bush’s War Cabinet
James Mann - Penguin - 2004, p128
 
In answering the question as to “why?” the records point to the conclusion that George HW Bush set up a private funding mechanism for his own personal ‘dark-ops’ foreign policy. This was a fund protected from Congressional oversight and a fund that would allow him to authorize and fund operations that violated United States law. This fund would subsequently be used to wage war against the former Soviet Union by financing Muslim terrorists and Russian Mafia oligarchs in his continued efforts to destabilize the Soviet Union. It would also be used illegally to fight “Communists” in South America. Some of the Marcos/Bush gold was even considered for use in the Iran-Contra dealings:

“In 1985, (Oliver North) attempted to sell 44 tons of Marcos  bullion, worth $465 million, on the black market. He blithely suggested skimming $5 million to finance the Nicaraguan contra war, but the deal fell through when North, true to form, stiffed the Israeli middlemen on the Marcos payroll. Tapes and documents implicating American officials in the gold transfers were withheld from the Iran-contra committee by Major General Colin Powell, Defense Secretary Caspar Weinberger and William Odom, director of the NSA. “It wasn’t so much the mention of gold that concerned them,” say Thompson and Kanigher. “It was Marcos talking (on tape) about contributions to U.S. presidential campaigns and the use of the gold proceeds to fund illegal arms deals.”

Iran-Contra Connections to the Oklahoma Bombing
by Alex Constantine © 2000 Alex Constantine

Moving The Chess Pieces
A Path To Discovery

This Marcos gold would be a fund the use of which had to be protected from ever being exposed to the world. It would be a fund that investigators housed in the World Trade Center were on the path to uncover. It would provide the basis for the “National Security” rationale for all the cover-up associated with the government investigation of the destruction of the WTC. The thoery of this report is that it was the impetus for 911 itself.
 
Bankers Trust, where Marcos placed his gold in 1982, becomes an important name in this report in that the merger of Bankers Trust (formed by JP Morgan in 1903) and Deutschebank Alex Brown was conducted by “Buzz” Krongard, (below and right bottom) with the assistance of his primary staff assistant, Mayo Shattuck (right).  What it suggests is that Krongard, Shattuck, executives of JP Morgan, and executives of the Deutschebank were in a position to be knowledgeable about the illicit gold movements that ultimately were covered up by the destruction of the World Trade Towers. Krongard has been implicated as a potential “person of interest” in the alleged cover-up by the US Government of what really happened on September 11 because of his association to the bank to which many illegal stock trades were traced, and the unexplained ‘shutdown’ of that investigation.
 
“By profession, Krongard is a banker and formerly was the
Chairman and CEO of investment bank Alex Brown, Inc.
In September 1997, Krongard engineered the merger of Alex Brown with Bankers Trust
and became the Vice Chairman of the board of directors of Bankers Trust.
A few months later, in January 1998, he was recruited as a “counselor”
to CIA boss George Tenet. In March 2001, he was promoted
to Executive Director, making him the No. 2 man at the spy agency.” 

Project Hammer Reloaded
Part 1 of 2 - Nexus Magazine
Volume 10 - Number 6
October-November 2003 - David G. Guyatt

Burying The Deutschebank Operation

What is not recognized by many is that Krongard’s main assistant at Alex Brown was Mayo Shattuck. Mayo – who was also the personal financial advisor to Edgar Bronfman and Adnan Khashoggi – resigned as CEO of Deutschebank, America on September 12, 2001, and went on to become CEO of the company that would replace the bankrupted Enron as the primary energy market maker. Mayo’s Deutschebank operation in the WTC was buried on September 11.  Also rarely mentioned is the fact the Senator Carl Levin’s Senate Hearings into US money-laundering identified AB Brown – where Krongard, Shattuck and Beese were the top three executives – as one of the top twenty US banks involved in money-laundering. Finally, one should note that Krongard was mentor to another placement from the CIA training facilities of the U.S. War College and John Hopkins. That protege was named J. Carter Beese, who was one of George Bush’s appointees to the board of directors of the Overseas Private Investment Corporation in 1992, and later would become Chairman of Riggs Bank, as well as an SEC Commissioner (appointed by Bush.) J. Carter Beese Jr. was Chairman at Alex from 1994 to 1997, and would move from there to also be vice-Chairman of Bankers Trust. Beese went from Banker’s Trust to become President of Riggs Capital Partners, which will later be demonstrated to play a major role in George’s Bush’s 1991 Ten Year Bond fraud, one of the major drivers behind the September 11 tragedy. Beese was the son of an FBI agent, and would live the life of a “made” man. It’s likely that Beese was a weak link since he allegedly committed suicide:

 
“In the annals of charmed lives, the Honorable J. Carter Beese had made an
improbable and Algeresque journey from son of an FBI agent in New Jersey
to the rarefied halls of government and business. From afar, his life seemed
miraculously blessed. The road to Alex Brown in the early 80s had three typical
entry points: Gilman, Griswold or The Harvard Business School, rather
than his New Jersey and Rollins College roots.”

A Tribute to the Honorable J Carter Beese Jr.
by Edwin Warfield - April 12, 2007
http://www.citybizlist.com/blog/warfield/2007/04/tribute-to-honorable-j-carter-beese-jr.html

On J. Carter Beese ~ Playing With The Big Boys Might Get You Suicided...

Beese’s contacts with the Bush networks go back at least as far as 1980, when he was the financial co-chairman of George Herbert Walker Bush’s failed Presidential bid. It was at that time that Beese is said to have met Bush’s Texas friend Joe Albritton, just when Allbritton was buying into Riggs Bank. Bush had previously become director of Allbritton’s Houston Interstate Bank after leaving his post as Director of the Central Intelligence Agency (CIA) in 1976. Allbritton would eventually control 41% of Riggs’ stock, and Beese would become a Riggs executive in 1998.

Beese, who committed suicide earlier this year, began his career with Alexander Brown in 1978, directly after graduating from Rollins College in Florida, where he had befriended Dubya’s brother Marvin. Beese evidently became the protege of Alexander Brown’s chief executive A.B. “Buzzy” Krongard, and by 1987, at the age of 30, Beese had become a principal of the Brown firm. That same year, 1987, Beese became a founding director of the Carlyle Group, along with a small handful of people closely aligned with then-Vice President George H. W. Bush.

Beese was central in arranging the funding for thr Carlyle group, which likely ran through Alexander Brown, and, reportedly, Mellon networks.
After helping to create Carlyle, Beese then shifted into the federal government, taking a George H.W. Bush appointment in 1990 as the director of the Overseas Private Investment Corp. (OPIC), an office which directs government aid to U.S. corporations doing business abroad.

In 1992, Beese became a Commissioner of the Securities and Exchange Commission, where he was “a strong voice for ‘market-based solutions’ to securities regulatory issues.”

In other words, he sought to essentially abolish the organization he was working for. In 1994, with this experience under his belt, Beese went back to Alexander Brown.

In 1998, after having previously carrying out a bond sale for them through Alexander Brown, Beese joined Riggs Bank directly. Beese convinced his old friend Joe Allbritton to set up a $100-million venture capital division called Riggs Capital Partners, which Beese then chaired. While not much is known about this division’s activities, this is just after Riggs had absorbed J. Bush & Co., the private banking business of Dubya’s uncle (George H.W. Bush’s brother) Jonathan Bush. Jonathan Bush had founded his business in 1970, with the explicit intent of “providing discreet banking services for the Washington D.C. embassies.”

The Janitor Saves The Day

It also suggests that the management of the JP Morgan syndicate of financial institutions was in a position to be aware of these illegal transactions, as were other American financial institutions such as Citibank and Drexel. 
 
“Drexel, Burnham, Lambert, New York, was a recipient of
gold bullion from Philippine dictator Ferdinand Marcos in January 1984.”

Project Hammer Reloaded - Part 1 of 2
Extracted from Nexus Magazine - Volume 10 Number 5
August-September 2003 by David G. Guyatt
 

Another potential source of illegal gold in the market was uncovered in the 1990’s by the WJC. (World Jewish Congress). Recent disclosures from World War II documents released in the 1990’s demonstrated that the Swiss banks had understated the amount of gold received from Nazi Germany during the war. This gold appears to have originated with holocaust victims and the national treasuries of conquered nations. Technically, this gold was to have been returned to those nations and families it was confiscated from. Swiss banks denied the existence of this and the Marcos gold, despite historical evidence to the contrary. It was only when a janitor for one of the banks discovered and saved records of this gold in the process of being destroyed by the banks, and handed over these records to the press, did the whole Swiss denial begin to crumble. At that point, the World Jewish Congress began to apply more pressure on the Swiss banks, and on the US Congress to penalize the Swiss banks. At about the same time, the Philippine government was pressuring the banks for a return of the Marcos gold, and the American legal system was seeking billions from the Marcos accounts on behalf of victims of Marcos’ torture that had won a lawsuit against the Marcos estate in Hawaiian courts. On top of these legal probes into the illegal gold holdings of the Swiss banks came the GATA lawsuit and its associated FBI investigation.

Initiating The Attack
The Initial Planning Of 911

The amounts of illegal gold from all of these various sources may have been adequate to explain the “inexplicable” gold volume being sold in the gold market, as suggested by GATA statistics. This illegal gold is also of interest because one of the key individuals heading the international law suit against the Swiss banks was the President of the WJC – Edgar Bronfman. The Bronfman family, along with executives of JP Morgan, (as will later be demonstrated), were key investors in a Canadian company called Barrick – named as a defendant in the second gold price-fixing suit, and the largest producer of “paper” gold in the world. This report speculates that Barrick was operating as a ‘front’ for moving stolen gold into the market.
 
Winning or losing this lawsuit would be quite immaterial to a large number of people unless the banks had to reveal the sources of their gold, which generally had been funneled into Swiss accounts by German banks and its global network of banks.  A substantial future revenue stream would be lost to the German banks if the underworld lost trust in them. It would also be fair to speculate that a few bankers would suffer cruel deaths if the details of these gold thefts were revealed. It is hypothesized that the exposure of this gold laundering activity was the ‘issue’ that allowed German banking executives and Russian KGB/Mafia lords to sit at the same table and discuss a mutual interest in destroying the World Trade Center. It created the incentive to leverage Russian/Israeli Mafia relationships within the Israeli Mossad, and initiate the attack on the World Trade Center. 
 
Interestingly, it was also this same type of interest in ‘preventing public disclosure, or exposure’ that may have encouraged Bush to divert attention away from this economic motive for a crime.

Substantial Evidence
Friends To The Rescue

“There is substantial evidence suggesting that a detailed investigation into Deutschebank’s connection to Islamic terrorists and 9-11 might reopen a mysteriously closed 1991 investigation of criminal insider trading connected to Harken Energy, a Houston company where George W. Bush served on the board of directors as a major stockholder with some of his father’s key campaign contributors. On January 30, 1990 Harken, with a remarkably unsuccessful history of drilling projects, signed major oil drilling contracts with Bahrain. Five months later, Bush’s company suffered an unexplained huge loss of stock value just prior to the Gulf War – but not before the future president had already cashed out, making close to a million dollars selling his own stock. The future president completed his key insider trade eight days before Harken announced a $23 million second quarter corporate loss and about six weeks before the invasion. Having just profited by nearly $1 million – representing a 200 % insider windfall – the SEC investigation of George W. was led by general counsel James R. Doty who, according to a UPI report, mysteriously neglected to interview any of the Harken directors – including the younger Bush – regarding “enforcement” oversight. Moreover, Doty had previously served as George W. Bush’s personal lawyer to Bush 43’s purchase of the Texas Rangers baseball franchise. So, in the end, a future president – George W. Bush – was cleared of insider trade wrongdoing by his personal attorney and by his father’s counsel “

The Profits of Death - Part III
Tom Flocco and Michael C Ruppert
From The Wilderness Publications, 2002

The Real Cover-Up

The argument made by Flocco and Ruppert, while valid, misses the real cover-up. An investigation into the Deutsche Bank connection to the terrorists would have demonstrated that at the heart of the connection was a need to cover-up probable illegal gold movements and fraudulent bonds. Moreover, the names of two banks (JP Morgan and Deutschebank) and three individuals (George Bush Sr., Adnan Khashoggi and Edgar Bronfman) reported to be involved in these probable illegal gold movements are linked to a single gold company: Barrick. These names are not linked as a group to any other gold company. These individuals, along with Shiek Kamal Adham, (the former head of the Saudi intelligence agency and a regular business partner of Khashoggi) have been widely reported as involved (but not convicted) in money laundering schemes and illegal gold movements:
 
    • George HW Bush: the Iran-Contra scandal, the Marcos gold;

    • Adnan Khashoggi: the BCCI-Vatican Bank money laundering scandal, Iran-Contra,
    MJK securities fraud, and the US savings and loans bankruptcies, the Sand casino bankruptcy,
    and the Marcos gold;

    • Shiek Kamal Adham: the BCCI-Vatican Bank scandal, Iran-Contra; and 

    • Edgar Bronfman: Harris Bank and Household Bank money laundering, the Nazi gold hoards,
    as well as the family history in Canada of bootleg alcohol smuggling.

Dear, The Laundries Done...

If four suspected money-launderers, at least two of which are involved in prior movements of this gold, are all financially involved in a company responsible for the generation of billions of dollars of paper gold, and producing bullion from mining deposits with a history of dubious value, then should not those facts warrant suspicion of that company’s intent?
 
In fact, the Barrick gold operation is a phenomenon that could not have occurred without the assistance of President George Bush Sr. In his last days as President, Bush pardoned his former political colleagues convicted in the Iran-Contra Scandal, including Adnan Khashoggi. The Iran-Contra conspirators executed their crime with the heavy involvement of three individuals who continue to appear throughout this report:

        • Adnan Khashoggi; 

        • Khalid bin Mahfouz, owner of 20% of BCCI; and 

        • Shiek Kamal Adham, who belonged to a group that owned approximately
           55% of BCCI, and was on the board of directors with Mahfouz. 

$63 million for $10 billion ~ A Steal!
Criminal Charges Would Flow Like Water

At the same time that Bush pardoned the convicted Iran-Contra conspirators, he authorized a procedural change which allowed Barrick (a company started with funding from Khashoggi and Shiek Kamal Adham as an original investors) to claim $10 billion in un-mined reserves in Nevada, for the meager cost of $10,000. It is speculated this process needed to be expedited because it was anticipated the Clinton administration would not approve the transaction without sizeable royalty requirements. This report speculates that Bush expedited the approval so that laundering of gold could happen much sooner – that having the reserves on the books was a necessary step to begin laundering the stolen treasuries. Not often reported, Barrick claims it paid $63 million for the company that owned those rights, although the details of that investment are not known. Even at that rate, $63 million for $10 billion in assets seems like a suspicious arrangement.
 
About the same time Khashoggi and Adham were investing in Barrick, a partner
of their BCCI partner (Khalid bin Mahfouz) was becoming a 12% investor in Harken,
which would later be identified with George Bush Jr.’s insider trader. 
 
“In 1987 an obscure Saudi financier named Adbullah Taha Bakhsh invested in Harken, a Texas oil company of which George W. Bush was a director from 1986 to 1993. The deal consisted of recapitalizing the company, which was going through difficult times. This Saudi investor is none other than the partner of Khalid bin Mahfouz and Ghaith Pharaon. And so Taha Bakhsh became an 11.5 percent shareholder in Harken Energy Corp.  Between 1976 and 1982, Abdullah Taha Bakhsh – an investor in Harkin Energy, recall – was the representative for the bin Laden family.”

The Real Intelligence Cover-Up: America’s Unholy Alliance
Joe Trento’s Column - 8/6/2003

 
The Bush administration dropped all investigations of potential financial crimes associated with the destruction of the WTC. It forced the FBI to drop the GATA/gold price-fixing investigation so as to focus on ‘terrorism.’ The Bush administration dropped the investigation of illegal stock trades once they were traced back to Israel. The 9/11 Commission report does not mention them, and there is no SEC nor FBI report on the investigation. Any formal announcement of the findings disappeared a long time ago, and only an inadvertent leak let the world know what really happened. An investigation into the destruction of the WTC as a classic criminal act rather than an act of political terror would most likely result in exposure bringing disrepute to the Bush family, and some of the most powerful banking executives in the world. Criminal charges would also flow like water. It would also start in motion actions required to return billions of dollars of illegal gold to their rightful national treasuries. It would probably bring about the collapse of a number of major financial institutions.

Therein lays the heart of the real National Security issue.

911 was NOT the result of Islamic Terrorism.

It was to conceal vast financial crimes.

Gold Laundering – A Hypothesis


Before attempting to unravel the mechanism by which the laundering of illegal gold may have been perpetrated, one needs to understand the magnitude and difficulty of this crime. Gold, because of its scarcity and value, is a closely monitored commodity. Gold traders across the world monitor supply and demand, and report regularly on web sites. They watch it so closely, that when unexplained amounts of gold on the market in the 1990s started to depress prices, they traced it to bullion bank sales of reserves. The annual mining and production of physical gold contributes only about 2,500 tons per year. The price of gold has remained relatively stable from 1992 to 2003 (see chart at right). Had there been a significant ‘dump’ of illegal gold in the magnitude of 2,000 to 3,000 tons or more in a short span of time, the transaction would have been easily identified by the market watchers as laundering activity. Hence, illegal gold from Russia, Switzerland or the Philippines would have had to have been moved into the market slowly, with a credible paper trail. The strategy for laundering gold without depressing prices would have been a rate of laundering in the range of 10% of market supply and demand, possibly 200 to 300 tons per year. Anyone sitting on stolen gold could not dump it immediately, but would require institutional help in laundering 5% to 10% of the hoard per year, over ten to fifteen years – unless they got greedy, and wanted a faster payout.

4 -20 Trillion

The following table (below) demonstrates the range of value for 1,000 or 2,000 tons of gold. Based on market conditions, estimated illegal gold from the Philippines (at least 1,000 tons) and Russia (3,000 tons) might be worth up to $40 to $50 billion if un-laundered. If it was laundered and converted into the foundation for derivatives, at a ratio between 100:1 and 400:1, the managed value falls somewhere potentially between $4 trillion and $20 trillion dollars. That’s a lot of beans. 

Gold Laundering For Dummies

How might a bank launder $10 billion dollars, or 1,000 tons in gold? Ten billion is a nice, round number, which conveniently matches the ‘market rumors’ of how much gold the Deutschebank has borrowed from the Bundesbank, i.e., how much gold the Deutschebank has put into the market. This is about half of the amount reported stolen from the Russian treasury in 1991. There are two possible ways. 

1. If laundering gold, a German bank would “borrow” $10 billion in gold from the Bundesbank with the publicly acknowledged intent to sell it on the open market, (to facilitate the carry trade, producer hedging, etc.) Then it would put the Bundesbank gold in its own vault and launder $10 billion in Russian bullion. Ultimately, the German bank would have to re-purchase $10 billion in gold, to create a record of repayment to the Bundesbank.  Unfortunately, doing so would create a physical gold imbalance on its own balance sheet. What would need to happen is that the bank would need to create the financial transaction of a gold purchase, without ever actually receiving the physical gold. A gold future from a gold producer or bullion bank would work for this. 

2. Another option for laundering gold would be to turn over to the buyer of the gold a “gold future certificate” saying the purchaser could take delivery of gold from a producer that had promised the gold to the bank, and then launder the stolen gold through the mining and production company. The mining and production company could claim the gold came from either the mine or a bank. How could this be done? Quite simply, by buying, creating or corrupting a major gold producing company, that would be willing to facilitate such a fraud. The steps to doing so might be (think Barrick):

       
        1. Create a major gold mining and producing company. 

        2. Attract capital from a few significant investors that would have a tendency
            to avoid intense scrutiny of operations. 

        3. Create credibility for the company by giving it the reserves large enough
            to accommodate the appearance of being able to support large volume trade. 

        4. Install trusted management to establish credibility and respectability in
            the investment market while watching over the company’s less reputable activity. 

        5. Create a ‘flood’ of small transactions to cover larger gold movements.
 
        6. Scale up the gold laundering volume based on market limitations.

In reviewing recent history, there are familiar names who appear to have undertaken exactly the six steps outlined above, by creating and using Barrick Gold. Barrick is easily worthy of suspicion, but note that this is an unproven hypothetical scenario:

        • It  has attracted investors and management who have a public history of being
           associated with an illegal or potentially fraudulent activity;

        • It has passed the smell test of the American judicial system that says it should
           go to trial over gold price-fixing charges;

“GATA consultant Reginald H. Howe brought a similar federal lawsuit (right) in Boston in 2000.
It was dismissed on jurisdictional grounds in 2002.

Since then GATA has documented and publicized evidence of manipulation of the gold market
by Barrick, Morgan Chase, other bullion banks, and the U.S. government.”

Class-Action Suit Seeks Damages For Gold Investors from Barrick and J.P. Morgan Chase
Business Wire - 11/27/2004

• It demonstrated financial performance in accomplishing what no other gold or derivatives trading company had been able to do: it has achieved financial success that seems inexplicable to industry experts: unparalleled growth in volume, 62 straight financial quarters of profitability in the extremely risky futures commodity market, and growth while all competitors are in decline or closing.
 
For the record, GATA’s charges have been neither upheld nor denied by the US courts system, although the charges had enough merit to have survived requests from the Barrick legal team to dismiss the suit.
 
The review on the following pages of the six steps discussed will demonstrate the involvement of various individuals and companies in the creation of a potential gold laundering machine.

Step 1: Create a major gold mining and producing company
 
In 1983, two investors of international renown, worked with Peter Munk to establish Barrick Gold.
 
“At its inception, Barrick’s principal investors were Saudi Arabians who had close ties to the Saudi Intelligence Services, or to the CIA, or to both. Those Saudi Investors were Sheikh Kamal Adham, the head of Saudi Intelligent Services at the same time that President Bush was head of the CIA; Adnan Khashoggi, the first of the Saudi investors in Barrick; and Prince Nawaf bin Abdul Aziz, one of the biggest of the initial shareholders in Barrick and now head of Saudi Intelligence Services. Sheikh Adham was the CIA’s principal liaison to the Middle East and was so closely tied to the CIA that he even had an agency codename: “Tumbleweed.”

J. Taylor’s Gold and Technology Stocks
Jay Taylor - 1/3/2004 
 
One of these same investors – Khashoggi  – was a primary money mover for the Marcos family,
thus linking him to the origins of one of the major sources of gold at the heart of this crime,
and linking Barrick to a source of knowledge of illegal gold.
 
“Khashoggi  had long been associated with Ferdinand and Imelda Marcos and the so-called Marcos gold. Indeed, so trusted was he that Marcos had him fronting for two “eclipsed” Marcos accounts – one in the name of Etablissement Mabari with the private Swiss bank of Lombard Odier & Cie, and the other in the name of Etablissement Gladiator at COGES Corraterie Gestion SA, Geneva.”

Nexus Magazine - Volume 10 Number 6
October-November 2003 by David G. Guyatt

“Marcos and Khashoggi set about to create Five Star Trust in 1983 as a means to create a vehicle to use the Philippine wealth to create and funnel fungible assets. In 1989, Five Star Trust was officially established in the Isle of Man by a Houston-based attorney who was a close friend of the Bush family... Five Star entities, active and dissolved, have been discovered in the Isle of Man, the island of Nevis, the Bahamas, Florida, Kentucky, and Texas. Other Five Star-related entities stored large sums of money in the Cook Islands, according to U.S. intelligence sources, and these funds were directly linked to Khashoggi and BCCI... Five Star’s accounts were said to funnel more funds from Saudi Arabia as well as cash reserves hidden away in offshore artificial shells by Enron before it collapsed .” 

Texas to Florida: White House-linked clandestine operation paid for “vote switching” software
Online Journal - Wayne Madsen
http://www.politrix.org

Khashoggi’s acquaintance with Munk is reported to go back as far as 1974, when they were investment partners.  Peter Munk is a Hungarian who fled from Hungary to Switzerland with his parents to escape the Holocaust. Peter Munk was brought into business prominence by Sir Henry Keswick, with an able assist from Sir Peter Abeles. Peter Abeles was a business partner of Bernie Houghton and Michael Hand of the Nugan Hand Bank in Australia. Nugan Hand was a major CIA front for moving Marcos gold and laundering narco trade profits and weapons. Keswick himself appears as no stranger to the money-laundering world. According the the author’s of the book “Dope Inc,” the Keswick family control a substantial part of the world’s narcotic trade and use HSBC, the bank they are said to control, to ‘provide centralized rediscounting facilities for financing of the drugs trade.”

Project Hammer Reloaded
David Guyatt 2003

Munk’s origin’s with the ‘Hungarian Mafia’ in Australia easily could
have provided him with a connection to the Marcos/CIA gold stores.
 
“Munk’s approved biography reports that this Vansittart activated the formidable Sir Henry Keswick, who made arrangements to lift Munk into a new career. Keswick’s family merchant banking firm, Jardine Matheson, had long been the British Empire’s leading, out-in-the-open organizer of Asian illegal narcotics trafficking and drug money-laundering. Keswick, Jardine Matheson, and their cohorts are central figures in EIR’s book Dope, Inc.”

Washington, DC: Executive Intelligence Review
Third Edition - 1992

Jardine Matheson made Munk the chief executive of a Bahamas-registered hotel corporation called Southern Pacific Properties (SPP), with Jardine money, and Jardine’s chief executive, David Newbigging, as a director. Then, Jardine’s historical dope partner, the Peninsular and Oriental Steam Navigation Company (P&O), joined the Munk enterprise; P&O’s Lord Geddes himself joined Newbigging on the Munk-SPP board. In future years, as Munk rose to world prominence in the gold business, the Hongkong and Shanghai Banking Corp. and the Royal Bank of Canada, two ``Dope, Inc.’’ financial agencies, would provide credit in the billions of dollars for Munk’s expansion. Munk-SPP became a giant hotel owner in Australia and the South Pacific islands, and seized control of the Travelodge chain. Munk’s rise in Australia was aided by his lifelong close association with fellow Hungarian emigre Sir Peter Abeles, Australia’s transport mogul. Munk’s stepfather had been secretary and assistant to Abeles’s father in Vienna in the late 1940s. Abeles is reportedly known in Europe as ``the White Knight,’’ in reference both to his British knighthood, and his reported large role in the cocaine trade...

In 1974, Munk signed an investment partnership agreement with arms-trafficking billionaire Adnan Khashoggi of Saudi Arabia. According to Munk’s approved biography, the new alliance was cemented when Munk and Khashoggi were summoned to the London headquarters of Peninsular and Orient. P&O’s hereditary boss was Lord Inchcape, whose predecessor in the 1920s (also Lord Inchcape) had directed Britain’s India Commission to continue the Empire’s opium production. Munk later told his biographer that he was nervous – Khashoggi was late and perhaps “the P&O directors wouldn’t wait for us and it would seriously harm the relationship. It was already remarkable that they should have a Jew and an Arab together in their dining room.” But, the mighty Lord Inchcape convinced Khashoggi to plunge in, and Khashoggi now provided most of the cash for the Munk enterprise Khashoggi and his associates, backers of the British-and Bush-linked faction of the arms trade, created Barrick Petroleum Corp. in 1981, registered as a Delaware, U.S.A., corporation. Junior partner Munk, having returned from London, set up a parallel “Barrick Resources” in Canada. But Munk’s name was anathema to Canadian investors. So, Khashoggi was brought in to lend his prestige to Munk. Khashoggi made a televised publicity tour of the Toronto stock exchange, and announced that he had purchased 10,000 (Canadian) Barrick shares. At that point, in fact, Khashoggi, his brother, and their international associates already controlled the company, partially through Khashoggi’s Lichtenstein-U.S.A. conglomerate, “Triad.” Munk was now launched as a corporate chairman in Canada. But this first Barrick, an oil development firm, went bust and lost all its money. In 1983, the Khashoggi-led group formed the gold company whose name was soon changed to Barrick Gold Corp. Sheik Kamal Adham was reportedly one of the new company’s founding co-owners. Adham, the chief of Saudi intelligence, had coordinated royalist guerrillas in Yemen with British arms secretly provided through Khashoggi.

Inside Story: the Bush Gang and Barrick Gold Corporation
Anton Chaitkin
Afrocentric News Network
http://www.afrocentricnews.com/html/bush_gang.html
 
Barrick Gold was reportedly started in 1983, but remained inconspicuous for the period between 1983 and 1988. What is known is that in 1986, prior to his involvement in Barrick, Khashoggi failed in his attempts at another gold start-up company as chairman of a Denver-based exploration group called Mali American Mines. Investors were not impressed with the offering, and Khashoggi left Las Vegas without the necessary capital. Elizabeth Taylor is reported to have been at  the initial attempt to solicit investors in Las Vegas.
 
Khashoggi’s partner on the Barrick investment - Sheikh Kamal Adham – also has a
checkered past of being involved in money laundering business deals:
 
“The great Afghan expert on Muslim strategy, General Kamal Adham, also the former head of the Saudi intelligence agency, is now under house arrest. He was responsible for arranging the meeting between Hekmatyar and a Soviet representative, Yu Voroustsov, in Taif Saudi Arabia. The meeting was requested by Dr. Najeebullah, the former President of Afghanistan in 1989. The reason for the arrest of Kamal Adham is said to be his role in heroin money laundering and recycling of drug money through BCCI.”

Gulbuddin Hekmatyar had links with KGB
The News International
Imran Akbar - 10/8/1992
 
Sheikh Kamal Adham was a co-investor in the BCCI bank with Khalid bin Mahfouz (Mahfouz owned 20% and Kamal Adham was part of an Arab group that owned 55%). Both were BCCI bank directors. This bank was documented by the USDEA as responsible for over 120 money laundering incidents. This relationship is of note because Mahfouz is the brother-in-law of Osama bin Laden. Additionally, one finds “Abdullah Taha Bakhsh represents Khalid bin Mahfouz’s financial interests in the Middle East.” Bakhsh, amongst other roles, was a 12% owner of Harken Energy – George Bush Jr’s company. Khashoggi and Shiekh Kamal Adham would combine forces eleven years later to create the Oryx Corporation (Dubai). Oryx would be the owner of Rudy Dekker’s flight school in Florida, where Mohammed Atta and many of the supposed 9/11 hijackers received flight training.  
 
This report finds Khashoggi and Shiek Kamal Adham (now deceased) both having criminal records, both having been linked to financial fraud, and both directly linked to: 

        1. the distribution of massive quantities of illegal gold, 
        2. the creation of  potential gold laundering operations, the investigation into which
            was covered up by the destruction of the World Trade Center, 
        3. the funding of a flight school used to train WTC attackers, and 
        4. the recruitment of flight school trainees through Khashoggi ’s relationship with
                           Yeslam  Bin Ladin, the brother of Osama  Bin Laden, or Adham’s relationship
                           with Osama  Bin Laden as brother-in-law. 

At this point in time, Khashoggi (right, the one with the mustache) remains protected by agencies of
the US government, in the name of National Security, against arrest and prosecution by several nations.

Step 2: Attract capital from a few significant investors
that would have a tendency to avoid
intense scrutiny of operations


During the late 1980’s and early 1990’s, there would be at least two additional major investors brought into Barrick, as Khashoggi backed out. Khashoggi used his stock in Barrick as collateral to finance the arms sent to Iran by the US under President Reagan, and CIA Director George Bush. The second group – after the Saudis – would be the Bronfman family, who merged its mammoth real estate firm, Trizec, with Barrick Gold. Today, the Bronfman  family of New York is a widely respected name.
 
“To Montrealers, Charles Bronfman is the shy former owner of the Expos baseball team. In Israel, he is the country’s most important foreign investor. But in Manhattan, where he now resides, Charles is merely the Big Apple’s third-most-famous Bronfman. Nephew Edgar Jr. gets most of the attention as president and CEO of family-controlled Seagram Co. Ltd., which he has transformed from a purveyor of premium spirits into an international film and music powerhouse (through its Universal Studios and Polygram divisions). Elder brother Edgar Sr. is president of the World Jewish Congress and led the public battle to force Swiss banks to settle the claims of Holocaust survivors. But despite his low profile, Charles Bronfman has an array of interests: he controls Israel’s largest conglomerate, Koor Industries Ltd., and is chairman of The Jerusalem Report. He is a renowned philanthropist, dispensing more than US $20 million annually through his personal foundation. Two years ago, he moved from Montreal to Manhattan after growing weary of the unstable political climate in Quebec. In 1991, Revenue Canada allowed his family trusts to move $2 billion offshore without paying taxes.”

The Rich 100
Ellen Himelfarb; Laura Janeshewski; Carolyn Pritchard; Cynthia Reynolds; Et al.
Copyright UMI Company 1999

After that recognition though, comes the recognition of other relationships which help explain how a ‘family’ like the Bronfman family might get involved in a business that might have links to illegal gold laundering. First, the Bronfman family uses the legal services of White & Case, who also represented the Marcos family, JP Morgan, and Banker’s Trust. (Bankers Trust reportedly was in possession of illegal gold from Marcos requiring laundering, and JP Morgan later – as shall soon be demonstrated – surreptitiously invested in Barrick.) The Bronfman’s also have reported connections to the Israeli Mafia and the Bush administration through Arie Genger.
 
“Israeli Prime Minister Ariel Sharon’s “back channel” to the Bush Administration is Israeli-American businessman Arie Genger. Genger has been used to send messages between U.S. Secretary of State Colin Powell and Sharon.  Genger met Sharon in 1981 when he was working for Sharon’s good friend, Meshulam Riklis, one of the top operators in the Israeli Mafia. Genger heads the privately held, New York-based, Trans-Resources Inc, which owns Haifa Chemicals in Israel. He has numerous business connections to top Z-lobby and other notorious types. He sits on the investment committee of The Challenge Fund-Etgar LP which is chaired by Edgar Bronfman.” 

Sharon’s “Private Channel” to Bush  Administration is a Riklis Man
Ha’aretz - 12/30/2001

The most telling report regarding the Bronfman’s proclivity for possibly turning a
blind eye to illegal money laundering is their involvement in Bank of Montreal, Harris Bank
and Household Bank. If the following report is true, recruiting the Bronfmans
for ownership of a gold laundering operation would have been ideal
 

“In Chicago is a branch of a huge Canadian octopus, the Bank of Montreal, owned by the Bronfman family. Their branch in Chicago, Harris Bank, has for some time been THE heavy weight in foreign currency trading, handling and exchanging most every type of money instrument. Several years ago Harris Bank merged with a known reputed money laundry, Household Bank, with units of Household International, headquartered in the Chicago-area. Household is the successor and alter ego to Nugan Hand Bank that operated in California, Australia, Manila, Saudi, London, and a few other places. The General Counsel of Nugan Hand was William Colby, former Director of Central Intelligence. Former Generals and Admirals, close to CIA, operated Nugan Hand’s worldwide offices. It was a CIA proprietary operation, transferring clandestine funds, for “national security”, for Southeast Asia secret operations, including assassinations, such as the Phoenix Program, murdering some 63,000 Vietnamese civilians who opposed the Saigon government.

Also disguised as something else were the skimming off of U.S. weapons shipped
to Viet Nam, some 20 per cent of which were stolen upon being off-loaded.
Dope funds from the “Golden Triangle.”
Large U.S. military gambling pools.
The dark underside of the real financial world.

Nugan Hand was “The House.” Colby became the unlisted general counsel of Household, Nugan Hand’s alter ego. Amid a scandal starting with the assassination of one of its founders in 1980, and the shredding of its financial records, Nugan Hand disappeared. Rising from the espionage ashes, to continue the reputed money laundering, was Household, which had previously been mostly a loan shark operation, Household Finance Corporation. At about the time Harris Bank took over many of the units of Household Bank, 1996, the unlisted “general counsel” of Household, William Colby, was assassinated, covered up, his friends say, as a supposed “boating accident.” Colby was about to make public statements about Nugan Hand, about Household, and a few other entities which he began to realize were not really carrying out a “national security” purpose but were a vast dirty money machine. Major owners of Harris Bank were the Peter Fitzgerald family of Chicago. He was ahead by between 25 to 50 million dollars when Harris Bank became a unit of Bank of Montreal. (His mandatory financial disclosure was reported in the Washington Post, 6/12/99, page A-3). Fitzgerald also reportedly has a sizable interest in one or more Mexican Banks, reportedly major dope money laundries, including Grupo Financiero Bancomer which was reportedly involved in a federal “sting” resulting in indictments on May 19, 1998. [www.usdoj.gov/criminal/tost8ind.htm] Bancomer with branches in New York and Los Angeles reportedly operates through Harris Bank, by postal and wire transmissions, in what is called the tri-national cash management system of Harris. The prosecutions were called “Operation Casablanca.” The Chicago Tribune, sensitive to bank scandals, played down Bancomer’s problem. (Head of Tribune Company for many years was board chairman of the Federal Reserve District Bank in Chicago).

Clinton’s Money Laundry
Sherman H. Skolnick - June 13, 1999

The third major group that would invest in Barrick in a significant way did so rather surreptitiously. In 1994, the controlling shareholder of Barrick was Horsham. The President of Horsham was Tariq Kadri, Khashoggi’s long-time lawyer. That year, Horsham joined with Argo Partnership (in which J.P. Morgan had a partnership interest), and acquired controlling interest of Trizec Corp. In 1996, Horsham acquired the remaining equity in Trizec Corp, and merged with Argo to become Trizec-Hahn Corporation – which became the controlling shareholder of Barrick with about 16% of its stock. A subsequent investigation by Donald W Doyle (CEO of Blanchard & Company) showed that Argo was owned jointly by JP Morgan Capital Corp and JP Morgan Securities Inc. The Managing Director of JP Morgan Capital Corp. was appointed to the Board of Directors of Trizec-Hahn, which in turn controlled Barrick. JP Morgan in turn, has a vested interest in Citibank, which was also reported to be one of the larger recipients of illegal gold from Marcos.
 
“Citibank’s largest stockholder was J. P. Morgan, which in December 2000 merged with Chase Manhattan to form the all-powerful J. P. Morgan Chase. Bankers Trust was a J. P. Morgan creation from day one.” 

Nexus Magazine
Volume 10 Number 6
October-November 2003
David G. Guyatt
 
The three major investment groups associated with Barrick
each have a history of being linked – but not convicted – with money laundering
schemes and illegal money movements. Should the convergence of these three groups in
the financial control of Barrick be considered coincidental?

Step 3: Create credibility for the company
by giving it the reserves large enough to accommodate
the appearance of being able to support large volume
 
If a new gold mining and producing company was going to be required to sell futures in the magnitude of $10 to $30 billion, it would need to demonstrate significant reserves to provide a credible offering in the international marketplace. In 1983 Barrick Gold Corp. was a start-up company with a single mine in Canada and a founder with no experience in the gold business – Peter Munk.  According to his biography in the Canadian Mining Hall of Fame:
 
“...in 1983 ...he bought a stake in an Alaskan placer mine and half the Renabie mine in Ontario. Gold production was a mere 3,000 oz. that year; revenue, roughly $1.7 million. He then purchased the Camflo mine in Quebec, which gave him a stellar technical team led by mining engineer Robert Smith. Munk then turned his attention to a Nevada heap-leach project producing a mere 40,000 oz. gold each year. The industry doubted its potential...”

Canadian Mining Hall of Fame
 
By 2001 Barrick had amassed off-balance-sheet assets that were worth more than the market
capitalization of the next five biggest gold-mining companies in the world combined. 
Barrick did not do this alone.
 
“At the very end of his presidency President Bush gave a sweetheart deal to the Canadian company Barrick Goldstrike. They got the rights to US land worth $10 billion in return for a nominal payment to the treasury of $10,000. In one of his last acts as president, Bush pardoned Khashoggi’s alleged Iran-Contra co-conspirators, who were key members of Bush’s own cabinet. As a result, no case could be made against Khashoggi – or against Bush himself... To express its gratitude for these favors Barrick Goldstrike hired Bush right after he left office and donated $148,000 to the Republican Party, at least that is the amount that can be traced.”

Bush the Elder’s Scheme to Sell Pardons and Get a Payoff
Where is the Outrage Over a 10 Billion Dollar Taxpayer Ripoff?
Jock Gill - February 26, 2001
 
Again, for the record, Barrick bought the American company (for $63 million) which in turn, purchased the land rights. In 1996, Barrick is again reported as having received help from the elder George Bush in getting the Congo’s government monopoly reserve – the Gold Office of Kilomoto, worth 100 tons of gold reserve. 
 
If the reports of the 1992 purchase are correct, that would mean the mineral deposits acquired by Barrick for $10,000 represent about 32 million troy ounces. In 1997, the Annual Report of Barrick reported that the company’s gold reserve in 1994 was 37.6 million ounces. This would imply that without the ‘Bush bonanza,’ Barrick might not have the credible reserves to engage in the transactions it did over the next seven years. It is also possible that the Bush gift is what brought the Americans and JP Morgan into the game plan. It is reported that Khashoggi sold his investment in Barrick to finance his portion of the Iran-Contra guns for drugs deal, hence the Reagan/Bush administrations complicity in Barrick may go back even further than the 1992 sweetheart deal. Khashoggi and Bush, both deeply implicated in the Iran Contra scandal (laundering drugs and money for weapons) – created Barrick. Any serious investigation into the gold dealings of the bullion banks would have exposed this complicity. Prevention of this exposure may have been a primary motivation for misdirecting or stunting the investigation into the attack on the World Trade Center. It may also have been a motive for allowing the carnage to take place or worse, as this report attempts to prove, even creating it.

Author, newspaperman, and journalism teacher in Texas, Pete Brewton, wrote a book detailing how George H.W. Bush saw to it that he and his friends looted banks, worked as Drug Lords smuggling cocaine into the US, and did what they wanted with the shipping of arms and covert operations. The bankrupting of America with these shadow government policies only continue to this day. When are we the people going to do something?

Brewton was interviewed about his book in late November, 1992.

Why don’t we make each State’s Attorney General aware of Brewton’s book and the videos, ask for an investigation, and prosecution of all perpetrators from then to the current day? Should George H. W. Bush, George W. Bush, and others all face trials and possible prison?

In order for this to go on, the courts from the US Supreme Court on down have to have been rigged, and law enforcement and investigations have to have been rigged from the top down. Every single US citizen is a victim of these criminals.

http://www.opednews.com/populum/diarypage.php?did=15099

Step 4: Install trusted management
to establish credibility in the investment market
while watching over the company
 
Barrick, started by several individuals with documented histories of fraud or unscrupulous behavior, has had the ability to attract a board of Directors that includes more than a few of the most powerful men in the world. As far back as the Annual Reports for Barrick can be located, one of the most consistent members of the Advisory Board has been Karl Otto Pohl, former President of the German central bank (Bundesbank) and chief officer of the International Bank of Settlements and IMF. This would be pretty powerful talent for a start-up company, but would make sense if the Bundesbank had an interest in staying close to the management and activities of Barrick.  In a potential gold laundering scheme by a German bank, complicity by the Bundesbank would be a requirement, as the Bundesbank would be the initial provider of legal gold being used to cover the sale of illegal gold.

In 2002, just after the Deutsche Bank Alex Brown, Securities Canada and Adnan Khashoggi were being sued by MJK Securities for fraud, former Canadian CEO of Deutschebank became an Executive Director board member of Barrick. That individual was Tye W. Burt – the former Chairman of Deutsche Bank Canada and Deutsche Bank Alex Brown Securities Canada, and Managing Director and Head of Deutsche Bank’s Global Metals and Mining Group. Again, an executive of Khashoggi’s financial partner (Deutsche Bank Canada) is brought into a control position.

Barrick’s Advisory Board
 
Additionally, one will discover that the Advisory Board of Barrick has brought in a large number of board members that create “credibility” for Barrick: Former President George Bush (Sr.) served as Honorary Senior Advisor, Senator Howard H. Baker, a former Majority Leader of the U.S. Senate and White House Chief of Staff; and Senator William Cohen, a former U.S. Secretary of Defense have also served.  
 
Senator William Cohen, as vice chairman of the Senate Select Committee on Intelligence, was responsible for negotiating the “most significant reforms to result from the Iran/Contra hearings.” In 1989, he was the vice-chairman of the Select Committee on Intelligence in the Senate.
 
President Bush’s ambassador to Canada (1989-92), Edward N. Ney, had been for many years a Bush political operative and an international coordinator of Bush’s “privatized’’ intelligence activities. In 1992, Ney quit as ambassador and became a director of the Barrick Gold Corp. As long time Chairman, President  and CEO of Young & Rubicam Inc., the world’s largest independent advertising communications company, he founded Burson-Marsteller, a subsidiary used extensivley by groups that have been exposed as infringing on the public interest.

“Burson-Marsteller (B-M) is the world’s largest PR firm, with 63 offices in 32 countries and almost $200 million in income in 1994. Although its name is unknown to most people – even to many in activist circles – B-M is fast becoming an increasingly important cog in the propaganda machine of the new world order. On the human rights front, B-M has represented some of the worst violators of our age. These include: 

        • The Nigerian government during the Biafran war, to discredit reports of genocide. 

        • The junta that ruled Argentina during the 70’s and early 80’s, to attract foreign investment. 

        • The totalitarian regime of South Korea, to whitewash the human rights situation there
           during the 1988 Olympics. 

        • The Indonesian government, which got into power through a CIA-sponsored
           bloodbath. (It should be pointed out, however, that B-M denies that it is handling
           the issue of genocide in East Timor)

        • the late communist Romanian despot Nicolae Ceaucescu.

        • Other third world human rights violators that have been represented by B-M
           include the governments of Singapore and Sri Lanka.

One of The Brock Group’s (TBG- a subsidiary of Burson-Marsteller) top executives happens to be former Miami businessman and ambassador to Venezuela Otto Reich. During the Reagan administration, the Cuban-born Reich headed the US state department’s Office of Public Diplomacy (OPD), whose task was to disseminate disinformation about the Sandinistas and discourage reporting critical of the contras. This outfit, whose operations were later found to be illegal by the US General Accounting Office, was staffed with five psychological warfare specialists from the 4th Psychological Operations Group of Fort Bragg. According to John Stauber and Sheldon Rampton, the OPD helped spread a scurrilous story that some American reporters had received sexual favors from Sandinista prostitutes in return for writing slanted stories. In 1987, after the US Congress shut down the OPD, congressman Jack Brooks called it an important cog in the (Reagan) administration’s effort to manipulate public opinion and congressional action.”

Burson-Marsteller: PR for the New World Order
Carmelo Ruiz - July  6, 1997
http://www.hartford-hwp.com/archives/27/061.html
 
Additionally, one more recently finds Andrew Young and Vernon Jordan on the Advisory Board. In wondering how these two Washington “fixers” added to the value of the company, one discovers their role in silencing a request for a congressional investigation into Barrick.
 
Was Barrick’s Congo gold mine funding both sides of a civil war
and perpetuating that bloody conflict?

Only one Congressperson demanded hearings on the matter
– Cynthia McKinney –
and it wasn’t covered at all in the U.S. press

Cynthia McKinney Statement Of April 13, 2002

The need for an investigation of the events surrounding September 11 is as obvious as is the need for an investigation of the Enron debacle. Certainly, if the American people deserve answers about what went wrong with Enron and why (and we do), then we deserve to know what went wrong on September 11 and why. 

I am not aware of any evidence showing that President Bush or members of his administration have personally profited from the attacks of 9-11. A complete investigation might reveal that to be the case. For example, it is known that President Bush’s father, through the Carlyle Group had - at the time of the attacks - joint business interests with the bin Laden construction company and many defense industry holdings, the stocks of which, have soared since September 11. 

On the other hand, what is undeniable is that corporations close to the Administration, have directly benefited from the increased defense spending arising from the aftermath of September 11. The Carlyle Group, DynCorp, and Halliburton certainly stand out as companies close to this Administration. Secretary Rumsfeld maintained in a hearing before Congress that we can afford the new spending, even though the request for more defense spending is the highest increase in twenty years and the Pentagon has lost $2.3 trillion.  

Full Statement of April 13, 2002 Available at:
911 Skeptics Unite
The Truth Is Out There, Speculation Is Cheap, Demand Disclosure
http://www.911truth.org/osamas/mckinney.html#statement13

The New York Times wrote about McKinney that Atlanta’s prominent Black leaders – including Julian Bond, the chairman of the NAACP and former Mayor Maynard Jackson – who had supported Ms. McKinney in the past – distanced themselves from her this time. Atlanta has four internationally recognized black leaders. Martin Luther King III did not abandon McKinney. I checked with him. Nor did Julian Bond (the Times ran a rare retraction on their website at Bond’s request). But that left Atlanta’s two other notables: Vernon Jordan and Andrew Young. Here, the Times had it right; no question that these two black faces of the Atlanta Establishment let McKinney twist slowly in the wind – because, the Times implied, of her alleged looniness. Of course McKinney isn’t looney for those of us that have watched her operate in Congress. But maybe there was another reason Young and Jordan let McKinney swing. Remember Barrick? George Bush’s former gold-mining company, the target of McKinney’s investigations? Did I mention to you that Andy Young and Vernon Jordan are both on Barrick’s payroll? Well, I just did. Did the Times mention it? I guess that wasn’t fit to print.

The Screwing of Cynthia McKinney
Greg Palast
AlterNet - June 18, 2003

Representing the Bronfman family on the Advisory Board is J. Trevor Eyton.
 
“Eyton started his career in British intelligence’s Argus-Hollinger nexus, next to media magnate Conrad Black. Since 1979, he has managed Brascan and other entities for the Bronfman family. He was appointed a Canadian senator as a reward for channelling the Bronfmans’ money into buying the 1984 election for Mulroney’s party, and to help get the Bush-and Mulroney-backed NAFTA three-way accord with the United States and Mexico through the Canadian Parliament. When the Bronfmans fused with Barrick, Eyton joined its board.”

http://members.tripod.com/~american_almanac/bushgold.htm

One also finds Lord Robert Powell, representative of the Rothschild family wealth.
Brian Mulroney, former Prime Minister of Canada, and Paul G Desmarais Sr,
probably the wealthiest individual in Canada are also on the Board. 
 
Of special interest is Mr. Brian Mulroney, former Prime Minister of Canada. Mr. Mulroney appears to be more than a passive participant who garners respectability for Barrick. Besides being on the advisory board of Barrick, he has been a Director of Trizec-Hahn Corporation since 1996. In 1992, prior to President’s Bush executive change to the procedures which allowed Barrick to contractually lock-up the gold reserves, Mr. Mulroney met with President Bush on three occasions. Mr. Mulroney, at this time was working closely with Karlheinz Schreiber, an infamous German-Canadian arms dealer.
 
“... shortly after stepping down as prime minister in 1993, Brian Mulroney accepted $300,000 over 18 months from Karlheinz Schreiber, an infamous German-Canadian arms dealer. In cash. To help promote a fresh pasta business and develop international contacts, said a spokesman for Mr. Mulroney.”

Canada’s Mulroney Baloney
Stevie Cameron
Globe & Mail
November 22, 2003

Discovery of payments from Schreiber to Mulroney was later used by the Royal Canadian Mounted Police to accuse Mr. Mulroney of accepting kickbacks to facilitate a $1.5 billion deal with Franz Josef Strauss, then head of the Bavarian government and chairman of Airbus Industrie. Mr. Mulroney sued for defamation, and won.
 
“In 1995, with the RCMP digging into the circumstances surrounding the deal, a government lawyer wrote to the Swiss authorities asking them for help. The letter alleged that Mr Schreiber had used a Zurich bank account to pay the former prime minister, Brian Mulroney, a C$5m (£2.1m) kickback. Mr Mulroney sued and two years later won an apology and a settlement of C$2m. The government also apologized to Mr Schreiber, but did not offer him any compensation.”

Schreiber: The Man Who Would Topple Kings
The Guardian
John Hooper - January 14, 2000
 
The key piece of information in this story is that
Mr. Mulroney had a business relationship with Karlheinz Schreiber. 
The question then becomes, what type of businessman is Mr. Schreiber?

 “Although Germany has been trying to extradite him from Canada since August, 1999, on fraud charges involving three government contracts in Canada and one in Saudi Arabia, it was Mr. Schreiber’s 1991 secret political contribution of one million Deutsche marks (DM) to Germany’s Christian Democrats that brought him international infamy. Delivered in a suitcase to the party’s treasurer, and as usual in cash, the undeclared donation brought down Helmut Kohl, the former chancellor of Germany, in the worst political crisis in that country since the war. Known as the Spendenaffare or slush-fund scandal, it spawned two parliamentary inquiries. Investigations showed it was Mr. Schreiber who organized the payment of secret commissions on a DM 446-million deal to sell Thyssen tanks to the Saudis in the 1991 gulf war. Half the money went for secret commissions to pay bribes and kickbacks. None of this money was his own; it was provided by German munitions companies. Mr. Schreiber’s job was to spread it where needed and by his own admission, his main beneficiaries were politicians. He took a percentage as his fee.”

 Schreiber: The Man Who Would Topple Kings
The Guardian
John Hooper - January 14, 2000
 
Once again, a key participant in the Barrick organization is linked to individuals who have been linked to money laundering and weapons deals. Wouldn’t it seem as more than coincidence if one of the German munitions firms bank-rolling Schrieber was Dynamit Nobel, controlled by the German bank Cartel?
 
This is a very credible group of individuals, all working to support the image of respectability for a company started by individuals repeatedly associated with investor fraud and financial misrepresentation. It is probably also of no coincidence that in the months prior to acquisition of American mineral rights by Barrick, Brian Mulroney met with President Bush on three occasions. This contact may or may not have been necessary, because court documents from the Iran/Contra trials have shown that Khashoggi on at least two occasions had direct phone contact with George Bush Sr. The two were not strangers.

Step 5: Create a ‘flood’ of small transactions
to cover larger gold movements


 
In the second suit which accused the bullion banks of illegal price fixing,
initiated by Blanchard in 2003, Blanchard alleged that:

 
“...Barrick used private derivative contracts and engaged in off-balance sheet accounting to conceal the addition of billions of dollars worth of gold... Barrick’s actions made it “virtually impossible for gold analysts and investors to determine the size and the market impact of its trading positions”... J.P. Morgan financed Barrick’s alleged short selling with remarkably advantageous terms not available to others. None of the lawsuit’s allegations have been proven in court.”


Barrick Gold, J.P. Morgan Chase Accused Of Manipulating Gold Market
CBC News Online
December 18, 2002
http://www.cbc.ca/money/story/2005/11/18/barricksuits-051118.html

 
Analysts were essentially saying that billions of dollars of gold had been added to the market
in a series of transactions that were virtually impossible to analyze. In one year alone, according to the annual report, Barrick placed over 6.8 million options – a haystack of transactions.
It is speculated by this report that most of these transaction were managed through
Enron’s gold trading desk, with the records of those transactions now
protected by UBS, Switzerland

Step 6: Scale up the gold laundering
volume based on market limitations 

In 1988, when Barrick started, it reported sales of 341 thousand ounces (10 tons) of gold. By 2001 its annual sales of gold equaled 6.3 million ounces (194 tons). Its short positions for 2000 and 2001 totaled 14.3 million ounces, which is significantly more than the annual gold sales of all the central banks in the 1990’s. Global investment demand for 2000 and 2001 combined was 6.7 million ounces.

J Taylor’s Gold and Technology Stocks
Donald W Doyle
Vol. 22 - No 15
12/15/2003

Clearly, with a large assist from Bush, this fledgling gold company
became the major gold mover in the world

All of these suspicions may be unfounded, but the circumstantial evidence certainly warrants thoughtful consideration and investigation:

There are thousands of tons of illegal, stolen gold
in bullion banks throughout the world,
which needed to be laundered ...

Burying The Truth
With Hijacked Remote Controlled Planes

Someone wanted to make sure that the buildings of the World Trade Center came down, and that no one was able to remove information from the 23rd and 24th floor of the North Tower before it happened. The evidence that these floors were targeted is very substantial. There is also substantial evidence presented that other buildings in the WTC – in addition to the Twin Towers – were targeted as well. A key investigation into global gold movements was halted first by the destruction of evidence, and then by the removal of investigative resources. Continuing that investigation would have brought to light a host of crimes against the nations of the world. While many organizations would benefit from the closure of that investigation, one group (so far) stands out in terms of motive and capability, and a demonstrated past for involvement in comparable crimes. This is the German-Swiss bank cartel, which is connected to multiple investigations of corruption, bribery, and money laundering that were terminated by the destruction of the WTC. Other organizations stand out as being involved in activity that benefited from the cessation of the investigation, but do appear to have the same degree of motive or capability. To that extent, these other organizations and their respective leadership had a “capability” (contacts to other ‘black ops’ groups) to execute the destruction of the WTC, but the heavy involvement of rogue Israeli agents suggests a different buyer for this cover-up than a U.S. buyer. The financial organization most associated with these rogue Israeli agents, ex-KGB and Russian Mafia figures is a group of German/Swiss banking executives. However, the German-Swiss cartel had an American partner. In this report we will demonstrate how George Bush Sr. operated through Valmet SA (a Swiss subsidiary of Riggs Bank) to penetrate the KGB and help launch the Russian oligarchs which brought about the collapse of the Soviet Union. George Bush Sr., and remnants of his 1980s “Activity Group”- also known as the Iran-Contra conspirators, are also seen at the core of the motive and planning for the 9/11 conspiracy. “Conspiracy” is more than a ‘theoretical boogeyman,’ or a word which can be used as an ad hominum argument in an attempt to sidestep the real issue. “Conspiracy” is a crime recognized by 18 U.S.C. 371.  

“CONSPIRACY - 18 U.S.C. 371 makes it a separate Federal crime or offense for anyone to conspire or agree with someone else to do something which, if actually carried out, would amount to another Federal crime or offense. So, under this law, a ‘conspiracy’ is an agreement or a kind of ‘partnership’ in criminal purposes in which each member becomes the agent or partner of every other member. In order to establish a conspiracy offense it is not necessary for the Government to prove that all of the people named in the indictment were members of the scheme; or that those who were members had entered into any formal type of agreement; or that the members had planned together all of the details of the scheme or the ‘overt acts’ that the indictment charges would be carried out in an effort to commit the intended crime. What the evidence in the case must show beyond a reasonable doubt is:

First: That two or more persons, in some way or manner, came to a mutual understanding to try to
    accomplish a common and unlawful plan, as charged in the indictment;

Second: That the person willfully became a member of such conspiracy;

Third: That one of the conspirators during the existence of the conspiracy knowingly
committed at least one of the methods (or ‘overt acts’) described in the indictment; and

Fourth: That such ‘overt act’ was knowingly committed at or about the time alleged
in an effort to carry out or accomplish some object of the conspiracy.


From The ‘Lectric Law Library’s Legal Lexicon On Conspiracy

Using this definition, there has been, according to the hearsay and
circumstantial evidence presented in this report, six major conspiracies:


1. Conspiracy to destroy the World Trade Center. 

2. Conspiracy to fix gold prices. This conspiracy is currently being adjudicated in the US courts.
 
3. Conspiracy to launder illegally obtained gold. 

4. Three conspiracies to cover-up complicity in each of the aforementioned conspiracies.

The investigative departments of the U.S. government probably know the names of the bankers and the investors who profited from pre-knowledge of the attack, and have gone to great length to cover this up. The cover-up has not been for the benefit of the German or Israeli governments, but rather for the benefit of the German-Swiss banks, U.S. banks, the U.S. oil industry, and coincidentally, two Presidents from the Bush family, and their business partners. To reveal the truth would: 


    • invalidate any reasons the US had for invading Afghanistan and Iraq, thus
       bringing to end huge profits being made in the Defense and Oil industries; 

    • put administrators of the Bush and Clinton administrations at risk of charges
       and conviction of various crime ranging from price-fixing to conspiracy; 

    • put the legacy of the Bush Presidencies at risk;
 
    • put various financial executives at risk for prison; and 

    • expose billions of dollars of hidden slush funds, stolen from the banks
       and citizens of numerous countries. 

Most of the truth was buried with the
World Trade Center Attack
 
but not all!

Small Clues

A small and unseemly clue opened the door to an investigation which suggests that Cantor Fitzgerald, at the top of the North Tower of the World Trade Center, and the Office of Naval Intelligence (ONI), in the Pentagon, were specific and related targets of the 9/11 attacks. This theory is corroborated by a wide range of information, which taken together suggests that while the attacks on the WTC may have been initiated to bring to an end investigations into money and gold laundering, the actual timing of September 11 was set by George Bush Sr. to cover his tracks left by a ten year old securities fraud in which he partnered with the Russian oligarchs and rogue KGB that overthrew the Soviet government. This fraud is linked to the banks and accounts which were a part of the Bank of New York money laundering scandal, and the Marcos gold theft, which served as the collateral for the securities.  When one begins to ponder why investigations into what may be the world’s largest money-laundering scandal – the Bank of New York/Russian Mafia scandal – was completely sidestepped by the U.S. judicial system, or why the Enron losses were never fully tracked down, the answer is found in the revelation that these were extensions of a Bush family foreign policy to decimate the Soviet Union. A normal day on September 11 would have begun the exposure of an illegal foreign policy and crimes that have enriched the Bush family, their political and business network and, of course, the German-Swiss bankers, and with it, their US counterparts. 
 
Just as the FBI offices on the 23rd floor of the North Tower seem to have been targeted with explosives, both Cantor Fitgerald (North Tower) and the ONI (Pentagon) seem to have been targeted for assured destruction by near-direct hits from hijacked airliners. A new target needs to be added to this list: Eurobrokers (South Tower).  The small clue which led to further investigation and this hypothesis was found in the observation of the Director of Convar, a German company responsible for recovering data from computer hard drives recovered from the World Trade Center:
 
“...Convar found that there was a deluge of electronic trading just minutes before the first plane struck. Quoting a December 16 report from Reuter’s, writer Kyle Henry found a compelling quotation from one of Convar’s directors: Peter Henschel, director of Convar, said, ‘not only the volume, but the size of the transactions was far higher than usual for a day like that.’ Richard Wagner, a data retrieval expert, estimated that more than $100 million in illegal transactions appeared to have rushed through the WTC computers before and during the disaster.

The Reuter’s story was partially confirmed by a Deutsche Bank employee who had survived the attacks by fleeing the WTC after the first plane hit. According to the employee, about five minutes before the attack the entire Deutsche Bank computer system had been taken over by something external that no one in the office recognized and every file was downloaded at lightening speed to an unknown location.”

Crossing the Rubicon
Chapter 14
Michael Ruppert 

five minutes before the attack
the entire Deutsche Bank computer system
had been taken over by something external that no one
in the office recognized and every file was downloaded
at lightening speed to an unknown location


The illegal ‘put’ options discussed earlier in the report and by all other independent reports were “stock-related.” Now, a whole new type of transaction is being unwittingly revealed. At that time of day, the only transactions being processed in the World Trade Center were bonds and government securities. The US stock market did not open that day, and even if it had, it would not have been open at the time of the attack.
 
“The New York Stock Exchange and the Nasdaq Stock Market never opened for trading the day of the attacks. The facilities of the New York Board of Trade in Four World Trade Center were destroyed. Regional stock exchanges, the Chicago Board of Trade, and the Chicago Mercantile Exchange all closed as well. European markets remained officially open but “most traders found it difficult to do much business” (Schroeder 2001). Equity markets reopened on Monday morning, September 17.”

Payment System Disruptions and the Federal Reserve Following September 11, 2001
Jeffrey M. Lacker
Federal Reserve Bank of Richmond
Richmond, Virginia, 23219, USA
Federal Reserve Bank of Richmond Working Paper 03-16
December 23, 2003
http://www.richmondfed.org/publications/research/working_papers/2003/pdf/wp03-16.pdf
 
“Trading in U.S. government securities starts at 8 a.m. in New York, and repo trading starts as early as 7 a.m. “the bulk of government securities cash and repo trading takes place before 9:00 a.m.... so September 11 was close to a full trading day” (Green 2003, p. 3). According to Jeff Ingber, the general counsel for the Government Securities Clearing Corporation, on the morning of September 11, some $500 billion in repo transactions and about $80 billion in government securities trades had already been executed when the planes hit (Shephard 2002.) Reconciling these trades would occupy back-office personnel for weeks.”

There were only three companies in the WTC that serviced government securities and “repos.” (A repurchase agreement – “repo” or “RP” – is a sale of securities coupled with an agreement to repurchase the securities at a higher price on a later date): 

        • Cantor Fitzgerald, which lost 661 of its employees when the hijacked airline hit
           the tower immediately below its offices in the North Tower;

        • Garbon Inter-capital (now ICAP PLC), on the 25th and 26th floor of the North Tower,
           sitting right over the destroyed FBI offices, and 

        • Euro Brokers, a much smaller broker, which lost 60 employees  when the high-jacked
           airline hit the tower immediately below its offices in the South Tower.  
 
Had the towers not collapsed, it is fair to surmise that the three
government bond operations would have been effectively compromised 

 
Of the three bond traders, Cantor Fitzgerald was by far the largest and being the largest
government securities trader in the world it was moving up to a half of the U.S. securities
 
“the Federal Reserve Bank of New York, which also keeps tabs on primary-dealer trading activity (but on a delayed basis), says primary dealer trades with interdealer brokers averaged $101 billion a day last year, while primary dealer trades with others averaged $86 billion a day. Cantor doesn’t disclose volume numbers, but it claims to do more than 50% of all interdealer trades in the Treasury market and more than 90% of all interdealer trades of the 30-year Treasury bond.”

http://www.thestreet.com/tsc/basics/tscglossary/govpx.html
 
Co-incidentally, in August of 2001, the Deutschebank – the bank of origin for numerous illegal stock trades or “put options” made in the days preceding the attack – had just signed an agreement with Cantor Fitzgerald to install Cantor Fitzgerald’s eSpeed® trading system.
 
“On August 1, 2001 eSpeed announced that it had signed an agreement with Deutsche Bank, one of the world’s leading international financial service providers, whereby the European bank will channel its electronic market-making engines and liquidity for a broad range of European fixed income products through the eSpeed® system. The agreement makes eSpeed® a primary distribution channel for Deutsche Bank in the wholesale market. This liquidity arrangement with Deutsche Bank furthers eSpeed’s goal to become the leading fixed income trading platform in Europe.”

eSpeed Reports Record Second Quarter 2001 Results
August 1, 2001 - eSpeed, Inc.

At the same time, Cantor Fitzgerald was reported to set up operations with Buttonwood
International Group and PNB Paribas
 
“...the eSpeed New Jersey office provided electronic trading services in derivatives and commodities using a software package called TreasuryConnect, which had been bought from an Enron subsidiary and licenced on August 1, 2001 to ...Global Custodian and ...BNP Paribas.  By September 11, 2001, BNP Paribas had a network of about 70 global trade centers operating 24/7 around the world... By hitting the 89th floor of One World Trade Center, al-Qaeda’s first-time pilot hijacker of American Airlines Flight 11, managed to miss the Buttonwood ‘Global Custodians’ offices on the 79th floor below, while killing all of their Cantor-eSpeed competitors on the 101st floor and above.”

9/11 And The Mob
Judi McLeod & David Hawkins
July 11, 2005
 
Without the actual trade data (which the FBI has, according to Convar) it stands to reason that most, if not all, of these ‘illegal trades’ on September 11were being pumped through Cantor Fitzgerald – the largest of the US bond traders, the only company which had no on-site survivors that day, and the company that had just set up computerized trading with the source bank of the illegal stock trades.  Information on these reported ‘illegal’ trades was recovered by Convar  and given to the FBI, and subsequently “buried” by the FBI and the 9/11 Commission.  
 

“Henschel said the companies in the United States were working together with the FBI... to piece together what happened on September 11 and that he was confident the destination of the dubious transactions would one day be tracked down....we’ve still been able to retrieve 100 percent of the data on most of the drives we’ve received. We’re helping them find out what happened to the computers on September 11 as quickly as possible. I’m sure that one day they will know what happened to the money...”

German Firm Probes Final World Trade Center Deals
Erik Kirschbaum - Reuters
December 16, 2001
 
With a small clue leading to two strange coincidences and a potential cover-up,
all of which point to Cantor Fitzgerald, the question should be asked:

Was there specific reason for Cantor Fitzgerald to be targeted?

They Leave 5 Clues

In researching the background of Cantor Fitzgerald, there are five reference points
that provide further grounds for suspicion that the Cantor Fitzgerald office was a specific target.
These include:

Reference Point One:

 
At least seven of the top Cantor Fitzgerald executives were absent from the office at the time of the attack. The President of Cantor Fitzgerald was taking his child to a first day of kindergarten, and six more executives were scheduled for a fishing trip that day. The trip was reportedly cancelled due to inclement weather at 8:00 am, but every picture of the WTC that day shows cloudless skies. Moreover, theses charters generally leave between 4:30 and 5:30 in the morning, and if the charter was to be cancelled, it would have been cancelled a lot earlier.
 
“... a six-member eSpeed carbon-credit trading team escaped death. Their annual one-day fishing trip had to be cancelled about 8 a.m. on the fateful morning of September 11, due to alleged bad weather over the Atlantic. Can anyone confirm the weather? New York looked pretty sunny. Hearing that the Twin Towers had been hit, the six lucky fishers hightailed it to New Jersey, to what Joseph Noviello, executive vice president said of Rochelle Park, N.J., “where we had duplicates of everything that was destroyed at our offices in the world Trade Center.”

9/11 And The Mob
Judi McLeod & David Hawkins
July 11, 2005
 
What then seems so out-of-place about seven executives being absent from work during peak trading hours?  Three of these executives had been key participants in a US Navy/Cantor-Fitgerald sponsored, wargame simulation of an attack on US securities just a year earlier. One of the three, Retired Admiral William (aka Bud or Bill) Flanagan, is identified as a member of the Board of Directors of the Washington Group International. Bill Flanagan’s role in this theory is of import because he seems to have:

    1. had a major role in the ‘economic war games’ which should have been conducted simultaneously
       with the other six simulations being executed that day, and,

    2. had corporate responsibility for two firms that benefited financially from the tragedies of 9/11
       (Titan and CACI), and

    3. had responsibility for a third firm that may have played a role in the actual attack, Raytheon.  
 
• Washington Group International had just purchased the Engineering Division of Raytheon. Raytheon had seven executives die on three of the four attack flights that day, and Raytheon would be reported to have been responsible for retrofitting planes on behalf of the Defense Department (in secured civilian hangars,) to look like the plane that hit the Pentagon. 

Missile & remote control systems added to small jets before 9-11; same parts found at Pentagon
Tom Flocco.com
May 26, 2005
http://www.tomflocco.com/fs/WitnessesLink.htm

It’s All In The Details

“According to two civilian defense contractor employees working at commercial corporate facilities at Fort Collins-Loveland Municipal Airport, in the months before the September 11 attacks U.S. Air Force defense contractors brought in A-3 Sky Warrior aircraft under cover of darkness to be completely refitted and modified at the small civilian airport in Colorado. The revelations are important evidence for a reportedly ongoing secret 9/11 probe because widely available Federal Emergency Management Administration (FEMA) photographs taken during the attacks clearly show that the few aircraft parts found at the Pentagon belonged to a small jet very similar to a modified A-3 Sky Warrior – not the American Airlines Boeing 757. Air-traffic controllers from the Washington, DC sector originally said the incoming plane was a military jet according to reports; but no grand jury has called them to testify and they have been strangely gagged from speaking out.

“Only the Raytheon executives and the Air Force would have
known which team installed a particular system on the A-3 and who was
involved in the operation,” said Schwarz.

Coincidentally, seven key Raytheon executives died on 9-11:


1. Stanley Hall _ Director of Electronic warfare program management (American 77)

2. Peter Gay – VP of Electronic Systems on special assignment at the El Segundo, CA division office where the Global Hawk UAV remote control system is made (American 11)

3. Kenneth Waldie – Senior Quality Control Engineer for Electronic Systems (American 11)

4. David Kovalcin – Senior Mechanical Engineer for Electronic Systems (American 11)

5. Herbert Homer – Corporate Executive working with the Department of Defense (United 175)

6. Charles S. Falkenberg – worked on “EOS Webster” a mapping system which provides Landsat Images, which are part of the mapping system for the Global Hawk technology (American 77)

7. William E. Caswell – was a Navy scientist whose work was so classified that his family knew very little about what he did each day. Says his mother, “You just learn not to ask questions.” (American 77)


Curiously, the seven Raytheon executives chose three of the four doomed jets
and they all happened to fly on September 11

Fort Collins, Colorado
May 26, 2005
TomFlocco.com

The CENTCOM Connection

Washington Group International would later benefit significantly
from military contracts in Afghanistan and Iraq
 
“On April 4, 2003, the U.S. Army Corps of Engineers’ Transatlantic Programs Center announced that it had awarded three contracts “to rapidly execute design and construction services as needed anywhere” in the area of operations for the U.S. military’s Central Command (CENTCOM). The one-year contracts, awarded to Fluor Intercontinental, Perini Corporation and Washington Group International, are indefinite delivery/indefinite quantity (ID/IQ) contracts with a guaranteed minimum value of $500,000 and a maximum of $100 million. In late September 2003, the U.S. Army Corps of Engineers issued additional task orders totaling $278 million on the three contracts, and the Corps decided to raise the contract ceiling from $100 million to $500 million.”
 
“According to the Pentagon, the same U.S. Army Corps of Engineers contracts won by Washington Group International, along with Fluor Continental and Perini, will cover work performed by the companies in Afghanistan. There, they will rebuild damaged roads and replace a destroyed bridge in Afghanistan as part of their individual contracts to support CENTCOM. Those contracts have a minimum value of $500,000 and a maximum of $500 million.”

Center for Public Integrity
 
• Flanagan would then become a VP of Titan Corp., the Defense contractor responsible for those contractors charged in the Abu Ghraib torture cases, and according to my next book’s speculation, the murder of Nick Berg. Titan Corp. is also a major owner of Skyways Aircraft, a business partner with another shell company called Royal Sons Inc. of St Petersburg, FL. This latter company used a mailing address which was the same as Huffman Aviation, which was the flight training school used by the 9/11  hijackers.
 
According to SEC documents, in early February of 2000 Titan put up $72,386 for restricted shares of a shell company Farkas created which later became SkyWay. ...Several top executives of SkyWays Aircraft, the American firm which owned the DC9 in partnership with Royal Sons Inc. of St Petersburg, FL. including the company’s President, James Kent, are former members of U.S. military intelligence... The plane’s registered owner, “Royal Sons LLC,” a Florida air charter company, at one time used the address of a hanger at the Venice Florida Airport owned by infamous flight school Huffman Aviation. No one at the Venice Airport remembered them.

Dusty & ‘the boys’ II: Secrets of the Black Budget Scandal
Daniel Hopsicker
MadCow Morning News - May 7, 2007
 
The “war games” connection is important and disturbing. As documented later in this report, Cantor Fitzgerald had, in 1997 and 2000, participated in official US war games. At least six major U.S. war games were under way on September 11, having been “rescheduled” from their original date in October. (The question needs to be asked and answered: why were the games rescheduled, and why was the September 11th date chosen?) There has to be an assumption that in a major war game exercise, Cantor would have been involved again. Flanagan and the other executives involved in supporting those games should have been at the office, but were not.


Reference Point Two:

Cantor Fitzgerald has what is described in the press as a long-standing relationship with the Office of Naval Intelligence, the one and only intelligence group that had offices remaining in the section of the Pentagon that was struck by the attacking flight. 
 
“Mr. Barnett’s work with Cantor Fitzgerald... stemmed from a long-standing relationship between the firm and the Naval War College.”

At The Pentagon, Quirky PowerPoint Carries Big Punch: In a World of ‘Gap’ States
Mr. Barnett Urges Generals To Split Forces in Two
Greg Jaffe - Staff Reporter Of The Wall Street Journal
May 11, 2004
 
What defines the nature of the long-standing relationship has yet to be defined. At least one internet blogger has commented that Cantor-Fitzgerald was able to somehow provide an alternative source of funding for defense projects that somehow were not approved by Congress. There has been no verification of this claim. Nevertheless, the Navy had worked with Cantor-Fitzgerald over the prior four years in at least two war games: 2000, and 1997. The 1997 participation by Cantor Fitzgerald is documented in: “Jeffrey Sands, The Critical Link: Financial Implications of Threats to National Security.” A relevant piece of information notes that it was William Flanagan, as a representative for Cantor Fitzgerald, that approached Mr. Barnett to lead this work.

A Report on the Economic Security Exercise
Cosponsored by the U.S. Naval War College and Cantor-Fitzgerald
Newport, R.I. - December 1997


Admiral William J. “Bud” Flanagan, (right) USN (Ret) is currently serving as a Senior Managing Director at Cantor Fitzgerald. The Admiral is directly involved in the development and design of emerging markets, particularly those brought about by government deregulation and privatization. He is also engaged in the development of Cantor Fitzgerald’s opportunities in non-financial markets, specifically power, natural gas, oil and other traditional commodities. In addition, he provides strategic advice to a portfolio of US and international technology firms, as well as foreign clients, creating innovative business development opportunities and financial strategies and technology solutions.

Reference Point Three:


A group of Cantor Fitzgerald executives and traders had been the primary ‘financial/private sector’ participants in economic war games the year earlier, and in 1997 as well. These war games had been set up, and participated in by various U.S. intelligence agencies and the Council on Foreign Relations, and run out of the Cantor Fitzgerald offices. It is of notable coincidence that the few published notes on the games indicated the primary trades analyzed during the games were trades in government securities, oil and gold. The coincidence is rooted in the observation that it is these three types of assets that have become the focal point of nearly any and all contrarian theories explaining the events of 9/11.
 
“Early in the year 2000, I was approached by senior executives of the Wall Street bond firm Cantor Fitzgerald. They asked me to oversee a unique research partnership between the firm and the Naval College that would later yield a series of high-powered war games involving national security policymakers, Wall Street heavyweights, and academic experts. Our shared goal was to explore how Globalization was remaking the global security environment – in other words, the Pentagon’s New Map.”

Thomas P.M. Barnett
The Pentagon’s New Map

 
“On Jan. 22, 2000, the CFR (Council on Foreign Relations) Project held its second big event: a scenario of a global financial meltdown, run as a war-game simulation at its Manhattan headquarters. For the simulation, the CFR conscripted 75 people, including bankers, former Treasury Secretaries, and former State Department officials. Participants were divided into four teams, sent into four rooms, with the ability to communicate with each other and with a command headquarters through the computers. The four teams covered

    1. monetary-financial, which dealt with the functions of the Federal Reserve Board of Governors;
    2. economic and trade, which dealt with the functions of the U.S. Treasury Department;
    3. regulatory matters; and
    4. national security ..former CIA director James Woolsey played the role of Secretary of Defense.   


... a major objective of the exercise was to bail out the financial markets.
 

According to an article in the March 10 issue of Euromoney magazine, written by an eyewitness reporter during the simulation, two of the largest mutual funds in America went to the Securities and Exchange Commission saying that they were experiencing redemption rates that could threaten their firms. The article reported, “They need an injection of cash to meet the payments without having to dump their portfolio on the market at fire-sale rates. . . . on the panel was four-star Adm. William Flanagan (ret.)”


CFR Bankers Plan for Financial Crash
Richard Freeman
Executive Intelligence Review
July 28, 2000


A list of participants in the economic war game, suggests that Cantor Fitzgerald, the U.S. Navy and various intelligence operations dominated the simulation. Note that the Cantor Fitzgerald ‘executives’ involved in the games “survived,’ and the Cantor Fitzgerald ‘traders’ were victims on 911.


 
        • ADM William Flanagan, USN (ret), securities director, Cantor Fitzgerald LP
 
        • Philip Ginsberg, financial director, Cantor Fitzgerald LP 

        • Calvin Gooding, trader, Cantor Fitzgerald LP (Died in 9/11 attack)

        • Kent Karosen, director, Cantor Fitzgerald LP 

        • Glenn Kirwin, senior trader, Cantor Fitzgerald LP (Died in 9/11 attack)

        • Norm Green, deputy national intelligence officer for science & technology,
          National Intelligence Council 

        • Damian Harte, vice president, Westdeutsche Landesbank G.Z. 

        • Carolyn Landry, banking and finance analyst, National Intelligence Council
 
        • RADM Peter Long, Provost, U.S. Naval War College 

        • John Rice, U.S. Treasurer, Citicorp Bank 

        • CDR Gary Shrout, public affairs officer, U.S. Naval War College

        • Robert Stevens, National Information Protection Center, FBI

        • Robert S. Wood, dean, U.S. Naval War College.

        • Charles Nemfakos, Senior Civilian Official for the Office of the Assistant Secretary
          of the Navy for Financial Management and Comptroller (ASN (FM&C).

        • Leif Rosenberger, Economic Advisor to Admiral Blair, Commander-in-Chief, U.S. Pacific Command’s chief economic intelligence analyst, Soviet foreign policy/Asian analyst at CIA 

        • Douglas H. Paal, senior analyst for the CIA

The disturbing element of this information is that on September 11,
there were a number of officially sanctioned war games under way
 
“During the September 11, 2001 attacks the US was holding multiple annual and one-time
war games with at least one resembling the actual attacks. The war games included:

• a National Reconnaissance Office exercise on September 11, in which a small corporate jet would crash into one of the four towers at the agency’s headquarters building after experiencing a mechanical failure. The NRO, whose name was classified until 1992, is the branch of the CIA in charge of spy satellites.

• Global Guardian, an annual exercise that would pose an imaginary crisis to the United States Strategic Command. It had been running for several days. The exercise allegedly involved a simulated Russian bomber attack. Global Guardian is performed in conjunction with Vigilant Guardian, the annual training exercise (usually occurring in October) conducted by NORAD as well as exercises under the direction of Air Combat Command (Crown Vigilance) and US Space Command (Apollo Guardian). “Vigilant Guardian” is a HQ-sponsored CPX (Command Post Exercise), meaning it is conducted in offices and with computers, but without actual planes in the air. All of NORAD was involved in “Vigilant Guardian.” However, it did include radar injects, or false blips, which could explain the FAA’s observation of a ‘phantom flight 11’ on FAA radar well after the plane struck the WTC and after NORAD claims to have called off all war games. 

• Vigilant Warrior, a NORAD live-fly (confirmed by its second name ‘warrior’) exercise mentioned in Richard Clarke’s Against All Enemies page 4-5 (possibly the same as Vigilant Guardian, or possibly the complementary “offense” or “red team” portion of the drill involving real planes acting as simulated hijacked plane) 

• Operation Northern Vigilance, which involved deploying fighter jets to locations in Alaska and northern Canada. According to the Toronto Star: “Part of this exercise is pure simulation, but part is real world: NORAD is keeping a close eye on the Russians, who have dispatched long-range bombers to their own high north on a similar exercise.” Planned on September 11, it was called off when the Federal Aviation Administration had evidence of a hijacking. 

• Operation Northern Guardian “In late August 2001, two-thirds of the 27th Fighter Squadron are sent overseas. Six of the squadron’s fighters and 115 people go to Turkey to enforce the no-fly zone over northern Iraq as part of Operation Northern Watch. Another six fighters and 70 people are sent to Iceland to participate in “Operation Northern Guardian.” These were real-world operations which resulted in many fighters from Langley AFB to be unavailable for scrambling on 9/11.

• TRIPOD II, a joint FEMA and Department of Justice biowarfare vaccination exercise, scheduled for September 12 at New York’s Pier 29, and revealed in testimony by former New York Mayor Rudy Giuliani at the 9/11 Commission. The command center assembled at Pier 29 was used for FEMA response to the events of 9/11 after Giuliani’s Office of Emergency Management offices were evacuated and later destroyed in WTC 7.  The Vigilant Guardian war game was discussed in chapter 1, footnote 116 of the 9/11 Commission Report: “On 9/11, NORAD was scheduled to conduct a military exercise, Vigilant Guardian, which postulated a bomber attack from the former Soviet Union. We investigated whether military preparations for the large-scale exercise compromised the military’s response to the real-world terrorist attack on 9/11.” 

War games in progress on September 11, 2001
From Wikipedia

Newly released portions of NORAD tapes from 9/11 featured in a Vanity Fair article do little to answer skeptic’s questions about the impotence of U.S. air defenses on 9/11 and if anything only increase focus on the incompatibility of the official version of events with what is actually known to have taken place on that day. It is clear that the exercises revolving around hijacked airliners scheduled for that morning created so much noise in the system that controllers could not pinpoint the positions of any of the real airliners to orchestrate any kind of intercept. Errant ‘ghost’ aircraft such as ‘Delta 89’ and American Airlines 11 which controllers weren’t aware had already crashed into the World Trade Center north tower continually confuse NORAD officials and at one point after Flight 77 has hit the Pentagon, they even intercept their own aircraft.

Several exchanges between NORAD personnel outline the confusion that the drills caused and delayed the response of air defense procedures.

08:37:52
BOSTON CENTER:         Hi. Boston Center T.M.U. [Traffic Management Unit], we have a problem here.
                We have a hijacked aircraft headed towards New York, and we need you guys
                to, we need someone to scramble some F-16s or something up there, help us out.
POWELL:             Is this real-world or exercise?
BOSTON CENTER:         No, this is not an exercise, not a test.

8:37:56
WATSON:             What?
DOOLEY:             Whoa!
WATSON:             What was that?
ROUNTREE:             Is that real-world?
DOOLEY:             Real-world hijack.
WATSON:             Cool!

“When they told me there was a hijack, my first reaction was ‘Somebody started the exercise early,’”
said mission-crew commander Major Kevin Nasypany.

This report contends that there is a direct connection between the
war games on September 11th and the events that occurred that day.
Only knowledgeable insiders could have pulled off the successful hijacking of four commercial jets and crashed them into their intended targets.

Who made that scheduling decision?

Other than the curious coincidence of these war games being re-scheduled
for September 11 is learning that the normal practice for these
war games is to schedule them in October
 
“Thompson (Paul Thompson, the 9/11 Timeline) cites multiple reports (see 8:30 am) indicating that Global Guardian is normally held in October, and that the run-through in 2001 was in fact originally scheduled for late October and then re-scheduled for early September at some point after March 2001.”

Who made that scheduling decision?
That may be the most crucial question of all in determining the criminal
culpability for 9/11 among US officials.

New Wargames Findings
Nicholas Levis - 9/11Truth.org
Aug. 2005

 
Additionally, it is noteworthy that the New York Federal Reserve
was coincidentally operating out of its back-up data facility on September 11
 
“On September 11, we at the Federal Reserve never had to shift our Fedwire operations. On that day the operations were being managed by staff at our backup facility, a procedure we undertake regularly. Fedwire was up and running at all times.”

Jamie B. Stewart, Jr.
First Vice President and Chief Operating Officer of the Federal Reserve Bank of New York
remarks before the Bankers’ Association for Finance and Trade - April 25, 2002
 
If the Navy had this relationship with Cantor-Fitzgerald, and had made economic attacks a part of their war gaming drills during two prior occasions, it seems appropriate to assume that on September 11, an employee(s) of Cantor-Fitzgerald might have been tasked with running computer simulations of an economic attack on the US securities market, not knowing a real attack was underway. In the simulation, one would have a computer program that simulates an “attacking” server and a “response” server. One server simulates buys, and the other simulates sells. It does not take a lot of effort to switch simulations from targeting test database servers to real-life production database servers. However, if the war game servers are simulating banks, none of the originating bank trade data ever gets copied to a disaster recovery server (test servers are not copied to disaster recovery sites), nor does it get found on an originating bank server. Hence, under a scenario like this, one half of the clearing and settlement data would be missing – which is exactly what caused and led to the US securities settlement problems in the weeks that followed the attack. At least two of the traders who knew how to run those programs were present and died in the attack.  

One of the many strange  observations from the technology reviews of the events September 11 is that the government security trading systems never went down and trade data was never lost! Much is made on Convar’s observation that there was lost data of illegal trades, but subsequent reports suggest the data was never really lost!
 
“All the data and software was mirrored to Rochelle Park,” said Noviello, adding that the facility was established as a full-fledged data center, not just a recovery site, in February. Many Rochelle Park systems are primary, as well as backup. A triangular architecture, with points at the WTC, Rochelle Park and London connected by DS 3 pipes, worked exactly as planned. “When one corner went down, we never stopped trading,” Kiewel said. “The system kept functioning in Europe and Asia.” ...said Noviello, adding, “we did not lose any data.”

Cantor Fitzgerald - Forty- Seven Hours
Edward Cone, CIO Insight and Sean Gallagher
October 29, 2001 - Copyright ©2004 Ziff Davis Media Inc. All Rights Reserved
Originally appearing in eWeek
 
“With many key facilities for the fixed income markets located in or near the World Trade Center, the loss of communication services prevented market participants from interacting with one another and with clearing and settlement providers, such as the GSCC and the Bank of New York (BONY). Clearing and settlement of fixed income transactions in general was a major problem in the days and weeks after the attacks, especially since the bulk of government securities cash and repo  trading occurs early in the day – meaning that significant amounts of data from the IDBs on almost a full day’s trading in this area was lost and had to be meticulously reconstructed. BONY, which was the clearing bank for many major market participants and maintained some of GSCC’s settlement accounts, had to evacuate four facilities including its primary telecommunications data center and over 8,300 staff located near the WTC. BONY conducted processing activities as part of clearing and settlement of government securities transactions at several of these facilities. The critical payment systems, such as Fedwire and CHIPS, continued to operate with minimal disruption on September 11, 2001. While both Fedwire and CHIPS (as well as some of their customers/users) were affected by communications disruptions in the aftermath of the terrorist strikes, transactions could continue being processed because the actual processing facilities are not located in lower Manhattan. Retail payment systems, including check clearing and ACH transactions, also generally fared well following the attacks and continued to operate without significant disruptions. Some check clearing functions were delayed, however, due to the grounding of air transportation. The U.S. banking system as a whole continued to function relatively smoothly on and after September 11, 2001.”

Survey and Analysis of Security Issues in the U.S. Banking and Finance Sector
September 2003 Institute for Security Technology Studies at Dartmouth College

What a detailed review of the technology experts review of activities that day suggests is that the primary trading systems did not go down and data was not lost because of system redundancy, mirroring, and extensive back-up centers. What did fail was the telecommunications infrastructure which prevented buyers and sellers of securities from making “subsequent” trades. Hence, the settlement and clearing data should have been “whole,” and a securities buy record and sell records should have been able to be matched in the settlement process.  
 
There is one last element of the settlement process that was
disrupted by the attack on the WTC and it is the single most significant aspect of that disruption.

The actual certificates for the securities were destroyed
 

“The difficulty with lost certificates was dramatically demonstrated during the September 11,2001, tragedy when thousand of certificates were destroyed in vaults maintained by broker- dealers.”

Federal Register • Volume 67 • Number 151
Tuesday - August 6, 2002 / Notices
 
“Settlement: The Central Securities Depository (CSD) implements the settlement instructions: securities are delivered, and funds paid. The depository controls the actual securities, and so can register and transfer ownership. However, some trades, such as mortgage-backed securities, still require physical movement of paperwork. The deal is not complete and “irrevocable” until this is done.”

Harvard Research Group Experience - Expertise - Insight - Results
Harvard Research Group, Inc. Copyright ©2003
Harvard Research Group

Ginnie Mae
Mortgage Backed Security Accounting Manual
http://www.ginniemae.gov/guide/acct.pdf

Overview Thus Far

There will be some readers who observe that securities no longer require ‘physical certificates,’ and in many cases this is true. In fact, many US government securities are managed that way. Unfortunately, the certificates that were at the core of this plot had to be physical, because they were originally created for cross-border transactions, and the evidence cited from the Federal Register indicates they did indeed exist. One internet blogger argued that if the certificates needed to be destroyed, that would not warrant destroying the whole complex. In fact, all indications are, including on-line testimonial from a Garbon employee, that the certificates were held in vaults in the basement of the Tower.

An overview of this situation is worth providing:

• Illegal trades were reported on September 11th which had to be government securities trades, as the stock market had not yet opened.

• Computers at Cantor-Fitzgerald are known to have hosted programs that simulate attacks on US securities.

• These programs should have been operational on September 11th as part of a broader synchronization of Department of Defense War Games.

• The terrorist attack on the financial center of the US failed to bring down any core trading system, which publicly attributed its problems to communications failures with the Bank Of New York.

• As will be demonstrated next in “Federal Reserve and Elimination of Regulatory Control,” the clearing process was hung up for weeks on an inability to match, although the matching data is reported to have been whole. This issue has NEVER been publicly addressed in any article or speech by the Federal Reserve, and can only be identified by the “orders” issued by the Federal Reserve in the aftermath of September 11. This “matching” had nothing to do with the Bank Of New York’s telecommunications problems and had everything to do with missing seller data and certificates.

Cash Payoffs, Bonds and Murder
The Significance Of The Date - September 11, 2001

Cantor Fitzgerald has been reported as the “holder” of $240 billion of ten year old ‘Durham/Brady Bonds’ that were due on or around September 11th. (There are no officially classified, “Brady Bonds” from the “Brady Plan” for the Russian debt, – but because of the similar purpose of these $240 Billion in bonds, they are continually referred to in the press as such.) These bonds were reported to have been put into the market by Alan Greenspan, Oliver North, and George Bush Sr. in 1991, backed by gold securities and Swiss gold bullion, backed (in full or part) by the “Durham Trust.” The interesting aspect of these accusations is that the Chairman of the Federal Reserve – a privately held, commercial group of banks – and the President of the United States are reported to have illegally created these securities, and the ONI – destroyed in the attack on the Pentagon – was hot on the trail of these securities.
 
“Sioux City, Iowa -- July 25, 2005 TomFlocco.com – According to leaked documents from an intelligence file obtained through a military source in the Office of Naval Intelligence (ONI), on or about September 12, 1991 non-performing and unauthorized gold-backed debt instruments were used to purchase ten-year “Brady” bonds. The bonds in turn were illegally employed as collateral to borrow $240 billion – 120 in Japanese Yen and 120 in Deutsch Marks – exchanged for U.S. currency under false pretenses; or counterfeit and unlawful conversion of collateral against which an unlimited amount of money could be created in derivatives and debt instruments. The illegal transactions are also linked to the murder of a U.S. Army colonel charged with overseeing approximately 175 secret CIA bank accounts, according to the officer’s wife, Mrs. V. K. Durham. During multiple interviews, Durham told TomFlocco.com that Bush 41 and Clinton administration officials visited her husband Colonel Russell Hermann several times in the months prior to and three days before his torture and murder on August 29, 1994. Durham told us that Colonel Hermann told her “Bush, Greenspan and North were trying to get me to sign off on the CI Ltd., the Central Intelligence, Ltd. Iran and Latin American contra accounts. They held about $13-17 billion in physical gold.”

Durham told us the $240 billion in stolen currency was obtained resulting from George H. W. Bush’s presidential abuse of power, when he authorized former Treasury Secretary Nicholas Brady and former Secretary of State James Baker III to make fraudulent use of the Durham Family Trust collateral without her permission. There is evidence that Colonel Hermann’s and V. K. Durham’s signatures were forged (image at right) on a Goldman-Sachs bank account certification requesting the conversions to U.S. currency. 

“The money was never repaid since the ten-year Brady bonds – purchased before September 13, 1991 using the fraudulent collateral and gold bullion as security came due on September 12, 2001 – the day after the 911 attacks, having allegedly been underwritten and held by the trustee, Cantor-Fitzgerald bond brokerage firm [whose offices on floors 101-105 in the North Tower of the World Trade Center (WTC) were destroyed on 911 along with the Brady bond evidence. Durham called Dave Ehler, a staff-member to her congressman, Iowa Representative Steve King (R-5-IA), to tell him that Bush, Greenspan and North were in her husband’s hospital room three days before his murder and to introduce him to three separate witnesses who identified the three and described the encounters to Ehler – one who saw North in Hermann’s hospital room on a separate occasion, one who witnessed (along with Durham) Colonel Hermann’s statement regarding the Bush Sr-Greenspan-North visit to his hospital room, and one who saw the actual murder contract on Colonel Hermann’s life and told Ehler he is in possession of the transcript. Durham said the conversations with Ehler were tape recorded and moved to multiple secure locations to protect the evidence.” 
 
“Durham, 69 and living in Iowa, has also contacted her senator, Banking Committee Chairman Charles Grassley (R-IA) and along with her Congressman, Representative Steve King (R-5-IA), provided both with all the evidence in this report and much more; however, Durham said both legislators were told “not to investigate” by officials at the very highest levels of government. Dave Ehler, the aide from Congressman King’s Storm Lake, Iowa office (tape-recorded by Durham) told her that “orders had come down from the top: “do not investigate.” Durham told us that a Central Intelligence agent said Cantor-Fitzgerald held the 10-year Brady bonds; and her secure family trust was the owner of Bonus Commodity Contract 3392 and Certificate of Debt Number 181 of May 1, 1875 [Special Bonus Certificate No. 3392/181], originally issued by the government of Peru in 1875 and illegally used by the U.S. government as the collateral to purchase the bonds which secured the currency transfers – all of which came due in the middle of the September 11 attacks.  ONI officials themselves – some of whom were probing the fraudulent 10-year debt instruments allegedly held by Cantor-Fitzgerald in the doomed North Tower – also perished along with the investigation files, all of which were curiously in the path of the 911 Pentagon impact.” 

Cash Payoffs, Bonds and Murder Linked to White House 9/11 Finance
Tom Flocco
tomflocco.com


The Office Of Naval Intelligence Investigates
And Gets Bombed

It appears that someone in the ONI was investigating these transactions,
and released the same evidentiary documents to multiple sources:
 
“In fact, it appears that such bogus gold certificates are being used in some interesting ways by certain Wall Street and Washington types to artificially prop up the U.S. economy to cover up the fraudulent numbers... I now have in my possession evidence, and sent it out overnight to 10 other secure sources to protect the information, that a 10-year Brady Bond deal was being worked on and closed toward the end of 1991, or was to have matured and been due somewhere on or after September 11, 2001...

Part of the story can be found by looking into Securities and Exchange Commission v. John D’Aquisto Securities.The name of John D’Aquisto (convicted) also appears numerous times as do Merkav International and Marion Aiken (convicted), First Guilford Financial Limited, London, but domiciled in Isle of Man ... along with three of its officers; Steve Billand, Charles A.M. Duncan, Jeff Muller, and others related to other companies in Russia, Australia, Ireland, the Canadian provinces of British Columbia and Ontario, all patterns to look for in picking up the trails of such scams. It is the “multi-jurisdiction” facet that makes these deals hard to detect, track and litigate for fraud. It is by design and intent so they can perpetrate fraud and get away with it. One of the D’Aquisto documents was from a “Bay State Trust” based in Zurich, dated 10 September 1991, (image, right) and just more of a trail that needs to be fully investigated due to the contents of that letter.” 

More reasons to not investigate 911
Karl W. B. Schwarz
 
The exposure of these bonds, which lend new meaning to Alan Greenspan’s oft referred to “unconventional” monetary tools, and the testimony that their settlement date coincided with 911, support a theory that Cantor Fitzgerald was a specific target of the attack. It would certainly provide a compelling argument of motive for administration complicity in the attack. Having $240 Billion in bonds fail in public might cause a crisis, such as that predicted by the Russian Intelligence and the Dresdner bank. The Russians and Germans were forecasting a financial catastrophe for late August of 1991. Their ability to do so is consistent with the documentation that the bonds were made payable in Deutschmarks and Yen, and were used by George Bush Sr. to buoy (or buy) the Russian economy in early September 1991, a few days after the collapse of the Soviet Union. The Russian and German ability to foresee this matter is also consistent with the not widely reported ‘fake advice notices’ used to steal $220 billion from the Soviet Treasury. Both the Russians, who received the funding, and the Germans (via the Deutschbank), who were also involved in the transaction, were in a position to understand the magnitude of the financial crisis created by the inability to settle these bonds. (As an interesting note, at the time, Germany and Japan, whose currency was used to finance the fraudulent transactions, were considered “enemies” of the US foreign policy team. Zalmay Khalizad, who was drafting US policy statements at the time for Wolfowitz and Bush, suggested that “competition with Japan and Germany should be confined to economics; the United States should make sure it had no military rivals.)”

Rise of the Vulcans - The History of Bush’s War Cabinet
James Mann, Penguin - 2004 - Page 211

Cantor Fitzgerald had a track record of willingness to ignore multiple aspects of legal
and financial regulations. In 1997 and 1999, Cantor Fitzgerald was found guilty in false
representation of securities ownership, false documentation and related illegal activities.
 
“The CFTC order finds that Cantor violated the Commodity Exchange Act (CEA) by aiding and abetting the fraud and registration violations of First Republic Financial Corporation, formerly known as Vancorp Financial Services (VFS), an unregistered commodity pool operator. The CFTC order finds that, although Cantor became aware that VFS falsely represented the ownership of a securities trading account VFS had opened in its own name, Cantor allowed the account to be traded in VFS’ name. The account was actually owned by a commodity pool, the order finds. The order also finds that Cantor failed to determine the ownership of the VFS account, and failed to obtain the trading authority needed to allow VFS to enter trades in this account. In addition, the order finds that Cantor assisted VFS in obtaining $950,000 to which VFS was not entitled by making wire transfer payments to First Republic Securities, a wholly owned subsidiary of VFS, out of customer funds held in the account at Cantor.”

CFTC ACCEPTS SETTLEMENT
OF CANTOR FITZGERALD & CO.
CHARGED WITH AIDING AND ABETTING FRAUD
AND REGISTRATION VIOLATIONS OF FEDERAL COMMODITY LAW
Release: # 3987-97
(CFTC Docket No. 94-14) January 28, 1997
 
Factual Summary: In connection with its activities as a Nasdaq market maker,
Cantor Fitzgerald & Co. engaged in the following activities:

1.   The Fraudulent Coordination of Quote Movements
2.   Undisclosed Arrangements to Coordinate Quotations
3.   Best Execution Violations (Cantor Fitzgerald & Co. failed, or caused the failure, to provide best
      execution in the handling of customer orders in one or more of the respects)
4.   Failure to Honor Quotations
5.   Failure to Keep Accurate Books and Records
6.   Failure to Reasonably Supervise Nasdaq Trading
7.   Unlawful Profits and Other Gains 

SECURITIES AND EXCHANGE COMMISSION
ADMINISTRATIVE PROCEEDING
File No. 3-9803
January 11, 1999
 
These facts support the reports that there were $240 billion in fraudulent securities being handled by Cantor Fitzgerald, an organization proven to have abetted similar frauds across multiple accounts. A year earlier, a group of Cantor Fitzgerald’s traders and executives participated in providing analysis to the Office of Naval Intelligence and the Council on Foreign Relations on the impact of a financial attack on the US. To do such, they would have needed to create a massive computer simulation of trades, the programs for which could easily be used to pump volumes of actual illegal trades into the real-life system. With war games being held on September 11, staff at Cantor Fitzgerald may have been running those simulations again. To anyone else, running those programs during the actual war games would seem appropriate and justified. The only variable that such a plot would require is an ability to totally disregard the SEC’s legal “settlement process,” which could only be accomplished one way: to declare a national emergency and enact a clause in the Securities and Exchange Act which allows it to be suspended in case of a national emergency which is EXACTLY what the SEC did on September 11th.


Once the illegal trades were in the system,
they would have to be settled with the Federal Reserve.
$240 billion in illegal transactions might be a little
difficult to sweep under the carpet.

Coincidentally, the attack on the World Trade Center
has been the only occasion in which the emergency powers
of the Securities and Exchange Act have been enacted,
which allow the Chairman of the Federal Reserve to not
only over-ride the formal settlement process,
but virtually every control on reporting and ownership as well.
 
If the transactions had to be swept under the carpet, September 11
was the ONLY time in US history that it could be done.

On September 11th, 2001 the Securities and Exchange
Commission quietly invoked its powers under SEC Act 12(k)2
for the First and Only time in US history
making the clearing of bonds anonymously a reality.

The Federal Reserve
and the Elimination of Regulatory Control
 
A review of actions taken by the Federal Reserve in the days and weeks following the attack on the World Trade Center reinforces the theory that the attack was used to cover-up illegal trades with the support of the Federal Reserve. Please note, that contrary to popular belief, the Federal Reserve is not an agency of the US Government, but a commercial affiliation of privately held banks.
 
“The Court of Appeals, Poole, Circuit Judge, held that federal reserve banks are not federal instrumentalities for purposes of the Act, but are independent, privately owned and locally controlled corporations. Each Federal Reserve Bank is a separate corporation owned by commercial banks in its region. The stockholding commercial banks elect two thirds of each Bank’s nine member board of directors. The remaining three directors are appointed by the Federal Reserve Board. The Federal Reserve Board regulates the Reserve Banks, but direct supervision and control of each Bank is exercised by its board of directors.”

Lewis v. United States
680 F.2d 1239 (1982), No. 80-5905
United States Court of Appeals - Ninth Circuit
Decided April 19, 1982 - As Amended June 24, 1982
 
Hence, the SEC activities following the attack on the World Trade Center
could only have happened with the approval of those who owned the Federal Reserve Banks.
 
“According to the N.Y. Fed itself, as of June 30, 1997 the top eight shareholders were:

                    • Chase Manhatten Bank
                    • Citibank
                    • Morgan Guaranty Trust Company
                    • Fleet Bank
                    • Bankers Trust
                    • Bank of New York
                    • Marine Midland Bank
                    • Summit Bank

Myth  - The Federal Reserve is Owned and Controlled by Foreigners
Edward Flaherty, Ph.D.
Department of Economics College of Charleston, S.C,
http://www.geocities.com/CapitolHill/Senate/3616/flaherty5.html
 
Of these eight banks, five of them were extensively involved in the 1989 Russian currency destabilization program: Chase, Citibank, Morgan, Bank of New York and Marine Midland. One of them – the Bank of NewYork – was extensively reported to be involved in the laundering of Russian accounts owned by the very individuals this report links to the 1991 fraud. It was also one of two clearing and settlement operations which would have cleared and settled $240 billion in fraudulent notes under the relaxed rules about to be discussed.  
 
While the ruble destabilization program has never been officially recognized,
the evidence for its occurrence has been documented

A Trillion Here, A Trillion There...
Everywhere a Trillion

“The national debt rose steeply, and there was no source that could increase government revenue. The currency came under great pressure. In 1991, Prime Minister Pavlov warned that foreign forces were engineering an organized attack on the ruble. Reddaway and Glinsky point out that in the prevailing atmosphere of euphoria, he was ridiculed. But now this attack on the ruble between 1989 and 1991 is a documented matter. Authors quote from a book by an American journalist, Claire Sterling, which gives details of the senseless traffic in rubles. She described how trucks and railway cars full of ruble notes were seen in France, Belgium, Holland, Germany, Switzer-land, Italy and Poland. The Soviet embassy in Rome was actively involved in the transportation and sale of these bank notes. Sterling’s book also describes a worldwide operation of currency dealers and money launderers involving several Western banks. Reddaway and Glinsky think that there must be more than profit-making to this criminal activity. They maintain that anyone interested in the break-up of the Soviet Union would also have a keen interest in subverting the Soviet currency. Furthermore, those involved in the narcotics trade wanted to invest in Russian property, and they wanted some front-men in Russia who could launder their money.”

Russia’s Decade of Tragedy
A Review of The Tragedy of Russia’s Reforms
by Peter Reddaway and Dimitri Glinsky 

Failed Crusade
by Stephen F. Cohen, Govind Talwalkar
Frontline, Volume 18 - Issue 22
Oct. 27 - Nov. 09, 2001
 
The cost of that effort is estimated to be between $500 billion and one trillion US dollars
 
“...finance capital fled Russia at an estimated $10-billion to $15-billion per year. Fidel Castro (right) estimated it 2-to-4 times higher, former President Gorbachev estimates a total of $1-trillion.” Subversive funds flowed in through the collapsed Russian borders, much of it from the National Endowment for Democracy (NED) and George Soros’ destabilization foundations.

 Imperial Wizard: Master Builder of the New Bribe Sector, Systematically Bilking the World
CovertAction Quarterly
November 2002 pp. 1-7

to organize political parties and coordinate a media to promote Adam Smith “free trade” 

WHY? The Deeper History Behind the September 11
2001 Terrorist Attacks on America, Containing and Destabilizing the Soviet Federation and Eastern Europe
3rd Edition - 2005
J.W. Smith
http://www.ied.info/books/why/contain.html#endNote19

The Russian Connections
To The American Banks


What the public record demonstrates is that both the Federal Reserve and the Bank of
New York were closely involved with the Yeltsin family as early as 1990


• Kagalovsky and Yeltsin (image, right) travelled to Vienna together:

“In a Moscow airport in 1990, Natasha Kagalovsky, a Bank of New York Co. executive, struck up a chance conversation with Boris Yeltsin, soon to be Russia’s president. As they waited to board a flight both had booked to Vienna, she says, Mr. Yeltsin asked: “How come you don’t have a bank office in Moscow?”

Natasha Kagalovsky Rose Fast, Fell Hard at Bank of New York
Ann Davis and Paul Beckett
Wall Street Journal
November 23, 1999

• Gerald Corrigan (President of the New York Federal reserve)
also met “discreetly” with Boris Yeltsin before the August coup:

“In the summer of 1991, Treasury Secretary Nicholas Brady, Fed Chairman Alan Greenspan, Mr. Corrigan and several other Western officials traveled to Moscow to assess the “economic reforms” required for Russian membership in the International Monetary Fund and the eventual release of billions of dollars in loans a year later.

One evening, as Secretary Brady and Chairman Greenspan went off to dine with Mr. Gorbachev, an aide to Mr. Corrigan, who was not invited along for dinner, suggested that he meet “discreetly” with Mr. Yeltsin.

“Mr. Yeltsin deeply appreciated the courtesy of Mr. Corrigan’s visit,” according to one official familiar with the details of the trip. About a month later, when the attempted military coup against Mr. Gorbachev thrust Mr. Yeltsin to the forefront, the Russian president did not forget his newfound dining companion and billiard partner, Gerald Corrigan.

In November 1991, the New York Fed chief began a series of “technical assistance” trips to Russia, and in January 1992 hosted a dinner for 200 bankers and other close friends in Mr. Yeltsin’s honor at the New York Fed’s Italian-revival building in lower Manhattan. The two now-intimate friends reportedly danced and tossed back shots of vodka until the wee hours of the morning.”

Corrigan’s  real assignment – the role neither he nor the Bush administration will discuss
openly – is to float Moscow on a multibillion dollar tide of multilateral loans

Propping Up Russia’s Finances
Christopher Whalen
JoC Newspaper
September 29, 1992

Gerald Corrigan has also been associated with the Bush program
to destabilize the Russian currency in a quiet partnership with BCCI bankers
Alfred Hartmann and Mark Palmer

“(Soros) has been controlled for some time by a fellow called Hartmann. Hartmann was operating out of Zug, Switzerland, which is one of the banking centers, through the N.M. Rothschild Continuation Trust. Hartmann was the man who controlled the BNL and BCCI simultaneously, or coordinated it, which were not Pakistani or Gulf banks; they were British Commonwealth banks, controlled through this Rothschild intermediation. He worked for them, and still does. Now on the American side, his controller or coordinator has been Gerald Corrigan, who’s going to work for him on the Russian side, and a State Department official, R. Mark Palmer, who went to work for Soros even before he fully quit his job at the State Department.”

There Is a Worldwide Crash in Progress; We Are In A Depression Already
Lyndon Larouche interviewed by Mel Klenetsky
August 4, 1993
Shofar FTP Archive File
people/l/larouche.lyndon/eir.080493

Connecting Soros
What Isn’t He Connected To?


Soros, as it would turn out,
was working with known Mossad agents Shaul Eisenberg and Marc Rich,
representing to a large degree the Rothschild family interests

 
“The friends of Soros lost no time in capitalizing on this situation. Marc Rich began buying Russian aluminum at absurdly cheap prices, with his hard currency. Rich then dumped the aluminum onto western industrial markets causing a 30% collapse in the price of the metal, as western industry had no way to compete. There was such an outflow of aluminum last year from Russia, that there were shortages of aluminum for Russian fish canneries. At the same time, Rich reportedly moved in to secure export control over the supply of most West Siberian crude oil to western markets. Rich’s companies have been under investigation for fraud in Russia, according to a report in the Wall Street Journal of May 13, 1993. Another Soros silent partner who has moved in to exploit the chaos in the former Soviet Union, is Shaul Eisenberg. Eisenberg, reportedly with a letter of introduction from then-European Bank chief Jacques Attali, managed to secure an exclusive concession for textiles and other trade in Uzbekistan. When Uzbek officials confirmed defrauding of the government by Eisenberg, his concessions were summarily abrogated. The incident has reportedly caused a major loss for Israeli Mossad strategic interests throughout the Central Asian republics. “

The Secret Financial Network Behind “Wizard” George Soros
William Engdahl
Executive Intelligence Review (EIR)
November 1, 1996
 
“Soros’s circle includes indicted metals and commodity speculator and fugitive Marc Rich of Zug, Switzerland and Tel Aviv; secretive Israeli arms and commodity dealer Shaul Eisenberg, and “Dirty Rafi” Eytan, both linked to the financial side of the Israeli Mossad; and, the family of Jacob Lord Rothschild. Understandably, Soros and the Rothschild interests prefer to keep their connection hidden far from public view, so as to obscure the well-connected friends Soros enjoys in the City of London, the British Foreign Office, Israel, and the U.S. financial establishment. The myth, therefore, has been created, that Soros is a lone financial investment “genius” who, through his sheer personal brilliance in detecting shifts in markets, has become one of the world’s most successful speculators. According to those who have done business with him, Soros never makes a major investment move without sensitive insider information. On the board of directors of Soros’s Quantum Fund N.V. is Richard Katz, a Rothschild man who is also on the board of the London N.M. Rothschild and Sons merchant bank, and the head of Rothschild Italia S.p.A. of Milan. Another Rothschild family link to Soros’s Quantum Fund is Quantum board member Nils O. Taube, the partner of the London investment group St. James Place Capital, whose major partner is Lord Rothschild. London Times columnist Lord William Rees-Mogg is also on the board of Rothschild’s St. James Place Capital.”

The Secret Financial Network Behind “Wizard” George Soros
William Engdahl
Executive Intelligence Review (EIR)
November 1, 1996

At a dinner party thrown by Corrigan for Yeltsin in June 1992, guests on the
invitation list who have been mentioned as persons of interest in this review were:


                • President Bush 
                • Nicholas F. Brady, Secretary of the Treasury
                • Defense Secretary Dick Cheney
                • Alan Greenspan, chairman, Federal Reserve
                • Condoleezza Rice, associate professor of political science, Stanford University
                • Brent Scowcroft, national security adviser

Ms. Natasha Kagalovsky, of the Bank of New York money-laundering scandal, was part of Gerald Corrigan’s (then President of the New York Federal Reserve Bank) ‘off- the-record’ mission requested by George Bush to ‘rescue’ the Russian banking system.

Corrigan made six trips to visit Yeltsin starting in September 1991,
before he ‘muscled’ other large banks into bankrolling the Russian drain

Natasha Kagalovsky Rose Fast, Fell Hard at Bank of New York
Ann Davis and Paul Beckett
Wall Street Journal - November 23, 1999
 
The Bank of New York would continue to be at the center of virtually every money-laundering scandal coming out of Russia, including Alexander Konanykhine’s European Union Bank (of Antigua) and Mikhail Khodorkovsky’s Bank Menatep, and Nordex. Now, it would be identified as the bond clearing house to be at the center of failed communications as $240 billion in fraudulent bonds were settled under suspicious circumstances in the aftermath of September 11. The Federal Reserve would be reported by records unofficially released from the Office of Naval Investigation as having been involved in a number of secretive transactions in 1990 and 1991 that ranged between $60 and $100 billion dollars. In these transactions, the money moved through the Hong Kong Shanghai Bank (London), Chase Manhattan Bank, Key Bank (Ogden) and the MidAltalntic National Bank.
 
The Bank of New York has been able to fend off any serious investigation from Federal agencies regarding these various money-laundering schemes, but only with a tremendous amount of political support, and lack of outcry from the American public. As far as the public was concerned, this was Russian money – and therefore had little effect on their lives. The exposure of the Brady/Durham bond fraud would have been too impactful for the American public to ignore. The regulations of the SEC would have resulted in an immediate exposure of this crime during settlement. Hence, the only option available to the people that pulled this fraud together was to create a national emergency which would allow the Federal Reserve board to suspend the SEC regulations, and the clearing agencies (Bank of New York and GSCC) to mask their operations.

This national emergency was the attack on the World Trade Center on 911

• A National Emergency Is Declared •
For 15 days beginning with 911 and through the 26th securities cleared anonymously...
this national emergency was declared even though the entire system remained whole
and none of the trading data was lost

As a result of having had a dry run at this situation only the year before
during the naval war games, the management of the Federal Reserve had a precise
strategy of how to deal with this situation within hours of the attack on the WTC:
 
“...the Commission for the first time invoked its emergency powers under Securities Exchange Act Section 12(k)2 and, on Friday September 14, issued several orders and an interpretive release to ease certain regulatory restrictions temporarily. Last Friday, September 21, we extended this relief for an additional five business days.”

Testimony Concerning The State of the Nation’s Financial Markets in the Wake of Recent Terrorist Attacks
Harvey L. Pitt, Chairman - U.S. Securities & Exchange Commission 
Before the Committee on Financial Services United States House of Representatives - September 26, 2001
 
Section 12k – “Trading suspensions; emergency authority”- of the Securities Exchange Act, when invoked,
allows the Federal Reserve to do essentially and literally whatever it thinks appropriate
 
“The Commission, in an emergency, may by order summarily take such action to alter, supplement, suspend, or impose requirements or restrictions with respect to any matter or action subject to regulation by the Commission or a self-regulatory organization under this title, as the Commission determines is necessary in the public interest and for the protection of investors...to maintain or restore fair and orderly securities markets (other than markets in exempted securities)”
 
Recall, though: this national emergency was declared even though the entire system
remained whole, and as documented earlier, none of the trading data was lost:
 
“...the U.S. financial system largely remained open throughout the day and thereafter. Banks and other financial intermediaries stayed open. Key wholesale and retail payments system remained operational, like other financial activities, except to the extent that telecommunications disruptions had a temporary or local effect. Even firms in the World Trade Center were able to resume business from other offices or from contingency sites within hours of the attack.”

Implications of 9/11 for the Financial Services Sector
Remarks by Vice Chairman Roger W. Ferguson, Jr.
At the Conference on Bank Structure and Competition - Chicago, Illinois - May 9, 2002

On the first day of the crisis, the SEC lifted “Rule 15c3-3
Customer Protection – Reserves and Custody of Securities
which set trading rules for the following processes:
 
• The [seller] is not permitted to substitute other securities for those subject to this agreement an therefore must keep the [buyer’s] securities segregated at all times, unless in this agreement the [buyer] grants the [seller] the right to substitute other securities
• Notification in the event of failure to make a required deposit.
• Physical possession or control of securities.
• Required Disclosure
• Control of securities/Requirement to reduce securities to possession or control

In addition to suspending rules which controlled substitution, reporting, disclosure and control in the matching process, the Federal Reserve immediately injected $120Billion into the system, and kept injecting until it reached $300 Billion in incremental money supply.
 
“Banking system balances went from $13 billion on September 10 to over $120 billion on the 13th. Federal Reserve credit extension following September 11 was unsterilized, in the sense that it resulted in a net increase in the monetary base.”

Payment System Disruptions and the Federal Reserve Following September 11, 2001
Jeffrey M. Lacker
Federal Reserve Bank of Richmond, Richmond, Virginia, 23219, USA
Federal Reserve Bank of Richmond Working Paper 03-16
December 23, 2003
http://www.carnegie-rochester.rochester.edu/Nov03-pdfs/lacker.pdf
 
The lifting of these rules, and the immediate infusion of over $120 billion in Reserve funds  was inadequate to resolve what was identified as the  “fail” problem: the inability to match the buyer’s funds and seller’s certificates.  Hence, on the 19th of September, after lifting the constraint, the Government Securities Clearing Corporation (GSCC) sent a memo to banks encouraging them to make substitutions on “immediately maturing collateral,” which is what the Brady Bonds were. In other words, the Fed enabled participants to replace any older, allegedly illegal 10 year notes with new notes.   
 
“...collateral substitutions can and should be made with regard to immediately maturing collateral”

Reminder of Bond Market Association Recommendations
GSCC (Government Securities Clearing Corporation) 073.01
September 19, 2001
 
Then, it treated the ‘fails’ as two separate groups, suggesting there was a large group
of trades that required ‘special treatment’ for “other” problems
 
“GSCC has listed, on two new, separately re-created databases, those deliveries from members that were bought into our account last week without our ability to view those transactions. This will allow us to identify with confidence those “fails” that are in fact incorrect, as well as other problems such as erroneous deliveries made to GSCC.”

GSCC075.01
September 20, 2001

An Environment Void Of Controls and Reporting


Subsequent to that ruling, the GSCC issued another memo allowing blind broker settlements. A “blind broker” is a mechanism for inter-dealer transactions that maintains the anonymity of both parties to the trade. The broker serves as the agent to the principals’ transactions.

 “The only repo transactions entered into by blind brokers should be
those done in direct furtherance of clean-up and reconciliation efforts. No new
blind brokered business should be executed.”

GSCC080.01
September 25, 2001
 
At this point in time, the Federal Reserve and its GSCC had created a settlement environment totally void of controls and reporting – where it could substitute valid, new government securities for the mature, illegal securities, and not have to record where the bad securities came from, or where the new securities went – all because the primary broker for US securities had been eliminated. These clearing operations were being run in one of three ‘temporary’ facilities set up by the Bank of New York.
 
This act alone, however was inadequate to resolve the problem, because the Federal Reserve did not have enough “takers” of the new 10 year notes which this report suspects were substitutes for the fraudulent notes. Rather than simply having to match buy and sell orders, which was the essence of resolving the “fail” problem, it appears the Fed was doing more than just matching and balancing – it was pushing new notes on the market with a special auction.

 “Acute settlement problems with the on-the-run ten-year note
led the U.S. Treasury to reopen the issue on October 4 and hold an unusual “snap” auction
of new ten-year securities.”

Payment System Disruptions and the Federal Reserve Following September 11, 2001
Jeffrey M. Lacker
Federal Reserve Bank of Richmond, Richmond, Virginia, 23219, USA
Federal Reserve Bank of Richmond Working Paper 03-16
December 23, 2003

The Bogus Bonds Were Replaced
Motivations For The Crime
The Bankers Did It -  And Bush Helped

If the Federal Reserve had to cover-up the elimination of $240 Billion in bogus securities, they could not let the volume of capital shrink by that much in the time of a monetary crisis. They would have had to push excess liquidity into the market, and then phase it out for a soft landing, which is exactly what appears to have happened. In about two months, the money supply was back to where it was prior to 9/11.
 
The need for an extra $300 Billion in liquidity at the time of the “crisis” seems to be a bit of a mystery, and there has not been a significant effort to explain it. The immediate demand for cash (ATM machines, checking accounts etc.) never exceeded $2 Billion. The U.S. banks had already agreed amongst themselves to not force balance settlements, so the Federal Reserve ‘loans’ which were supposedly necessary to save the banking system never needed to happen. The SEC had indicated the financial companies could continue financial reporting as if any transactions from that day had never occurred. Most importantly, all the transactions pumped into the WTC financial centers were replicated in their Disaster Recovery sites, which were up and running in two days. All the original settlement data from buyers and sellers should have been there, unless someone electronically tunneled into the trading systems masquerading as a bank and unloaded bogus data, which is what Convar suggested had happened. Given security on inter-bank financial transactions, the likelihood of this borders on impossible.
 
With the regulatory changes that followed in the immediate aftermath of the attack on the World Trade Center, it was not the banking system that required a $300 billion monetary infusion. The $300 billion was required for something else. This report hypothesizes that the delays in structuring settlement of “fails” were caused by an absence of matching buy/sell records, because the trade data was actually provided by a program run from a war game simulation server from within the World Trade Center, and connected to the trading system. The fraudulent bonds were put up for a settlement that was not forthcoming, and in the settlement process at the Fed, were replaced with new Federal Reserve securities. Hence, the bogus bonds were replaced with legitimate U.S. debt, and the $240 Billion in bogus bonds were written off the books as the Fed’s reduction in the temporary boost in M3 required to “prevent a crisis.”
 
The only conclusion one could reach is that if there were $240 billion in illegal securities in circulation, all due at once, one could not imagine a more opportune moment to make those securities disappear than the suspension of all regulations and the perceived justification to increase the monetary supply by at least twice that amount. The coincidence of these two situations happening at the same time, by accident, can only be described as highly improbable. This report hypothesizes that once it was determined to support the destruction of the World Trade Center to derail investigations into Swiss and German gold accounts, the actual attack was postponed and timed to coincide with the need to resolve the fraudulent bond deal. Given that the same international banking cartel was involved in all the crimes mentioned, and that the Bush covert operations of 1991 stood as the source of all of them, it probably matters little if one or more of these crimes provided the key motivation. They were, combined, the total motivation.

The Naval Intelligence Threat

There are a number of public sources of information that suggest that the Office of Naval Intelligence (ONI) represented a threat to the Bush administration, and the alleged Greenspan/Bush $240 Billion security fraud. The threat manifested itself in a number of different manners, through a number of individuals – suggesting that the friction between the Bush organization and the Office of Naval Intelligence was more than personal, it was institutional. Al Martin, former ONI operative testified to this friction:
 
“The ONI already had a deep existing covert illegal structure.
They had a mechanism before the CIA even existed. They had contacts in foreign
intelligence services and in foreign governments that the CIA
never could have hoped to obtain.” 
 
“Also ONI controlled its own assets, which the CIA had to build from scratch later on. The CIA can’t control any of its own assets domestically because it’s against the law for it to do so, thus the ONI is obviously in a superior position. For instance, you don’t see an airfield that says ‘Owned by the CIA’ on it in the United States. The ONI doesn’t have any such restrictions because it’s part of the US Navy.” 
 

“ONI is where the real deep control is. It’s where the real deep secrets are kept. That was what ONI always did the best. Keeping secrets. Accumulating secrets. Warehousing secrets for the purposes of control.”  When I asked him ‘what secrets?’ he (Al Martin) replied, “One thing I can tell you is the ONI was instrumental in dethroning former Mexican President Louis Portillo. Portillo got very friendly with George Bush and the CIA, and ONI had never aligned with the Bush faction. I know what people think, but that’s not true. From what I can tell, it has never been aligned, but has always been hostile to that Eastern Country Club Bush Cabal and their friends in the CIA. The Bill Casey faction is the George Bush-Allen Dulles Faction.”

The Man Who Knows Too Much
An Interview with Al Martin
author of “The Conspirators: Secrets of an Iran Contra Insider"
Uri Dowbenko

The Office Of Naval Intelligence
Needed To Be Seriously Disrupted
And It Was

Because of that, it is speculated that the entire ONI needed to be seriously disrupted. The attack of Flight 77 did just that, taking out not only the Navy Command Center, but a small Navy intelligence group as well. 39 of 40 ONI investigators were killed and their collected evidence destroyed.
 
“When hijacked American Airlines Flight 77 (allegedly) hit the Pentagon at more than 500 mph, slamming through concrete and corridors, spewing fuel and fire, it destroyed much of the Navy Command Center. It smashed directly into the offices of the CNO-IP. Even in the acronym-happy Pentagon, the term CNO-IP is obscure. It stands for Chief of Naval Operations Intelligence Plot. Its small, typically young staff keeps a round-the-clock watch on geopolitical developments and military movements.

Brilliant futures were forged in the CNO-IP. Adm. Bobby Ray Inman, later deputy CIA director, served there; so did Sen. Richard Lugar (R-Ind.). Radi, who stood the Intelligence Plot watch in his twenties, later moved to the White House Situation Room. In mid-August, the CNO-IP was moving to renovated offices in the Navy Command Center, on the first floor of the D-Ring, on the Pentagon’s west side. One hundred twenty-five Pentagon workers were killed that day. Forty-two died in the Navy Command Center. Seven served in the Intelligence Plot.”

The Last Watch
Richard Leiby,
Washington Post - 1/20/2002
 
“As pointed out by Carol Valentine and Dick Eastman, the first floor of the western wedge of the Pentagon was occupied in part by the office of the “Chief of Naval Operations Intelligence Plot,” who had moved into their new offices (early) and many were killed, as reported by the Washington Post, 1/20/2002 (quoted by Valentine, not independently confirmed by the authors). Valentine noted that this Naval Intelligence office was responsible for breaking open the Jonathon Pollard affair, and Eastman speculated that had they survived, they might have had the responsibility to mount an independent investigation of all the events of 911 and its associated “intelligence failures.”
 
The agency known as the “Naval Operations Intelligence Plot” was responsible for production of daily intelligence briefing and other intelligence materials for the Chief of Naval Operations, Secretary of the Navy, and other senior military and civilian officials, including the Director of the ONI. ONI was also part of the Command Center. At an organizational level, it is reported that the ONI was at odds with Bush and his primary enforcement agencies – the CIA and NSA.
 
“Tom Heneghen, who claims an intelligence network ranging from Gore to France, made several stunning claims about 9/11: According to Heneghen, a missile shield over Washington, DC was deactivated several weeks before 9/11, in preparation for the upcoming ‘wargames’ that served as cover for the Bush/Pentagon coup of 911. The Office of Naval Intelligence, which has never been on particularly good terms with the NSA, the CIA, or its offshoots, is investigating this angle and emails on the CyberNet system that can prove this.”

9/11 Whispers: Washington Defense Shield Deactivated Due to Wargames?
Liberty Think
1/4/2005

Vreeland Knew

This general friction between the groups is demonstrated by several examples.
At an individual level, there were several individuals who threatened to expose the
Bush administration ‘shortcomings’ – if not crimes:
officers Vreeland, Russbacher, and Phillport
 
The case of Mr. Delmart “Mike” Vreeland has been debated and disputed, with serious allegations of fraud made against him by a “number” of U.S. citizens. These allegations have been reviewed and set aside by a Canadian court as without merit. The essence of the story is that Vreeland was apprehended by Canadian authorities on his way back from Russia to the U.S. Previous to that, Vreeland had been a US agent in Iraq. Vreeland, while in jail, told Canadian authorities he was with the ONI, and documented – before September 11 – that the attack on the WTC would happen. Unfortunately, his reported ONI ‘handler’ died in the attack on the Pentagon. Vreeland himself has disappeared, and is assumed to be in hiding, after finally being released.
 
“Sometime around August 11 or 12, Vreeland wrote a set of notes. They listed a number of potential terrorist targets including the Sears Towers, World Trade Center, White House, and Pentagon. The notes also included the phrase, “Let one happen. Stop the rest!!!” He sealed them in an envelope and handed them to his Canadian jailers.”

Down the rabbit hole with the man who says
he tried to warn the world about 9/11
Sander Hicks
Guerilla News Network - Sept. 26, 2002
 
“Lt. Vreeland gave clues that his main contact/control was Jack Punches. From the memorial pages: U.S. Navy Capt. (Ret.) Jack Punches worked in the Pentagon as deputy head, Navy Interagency Support Branch. Punches was killed in the attack of Flight 77.”
 
“I was sent (to Moscow) by the U.S. government and the ONI [Office of Naval Intelligence]. I got my orders between Sept. 4 and Sept. 7, 2000. Marc Bastien departed for Russia on Sept. 7, 2000. I had orders to meet him. Bastien was going to work at the Canadian embassy regarding diagrams and blueprints of a weapons defense system. The U.S. government had a direct influence on his mission. The name of the defense system is SSST [Stealth Satellite System Terminator]. There are five different individual and unique defensive and strike capabilities of the system. The only portion that I have publicly spoken on is one frame regarding actual current orbiting satellites, which are not at this time owned by the US government. On advice of counsel I cannot discuss the other components. This one component is a satellite system. Within the confines of the system there are multiple, deployable space/orbital EMP [Electromagnetic Pulse] missiles that are not aimed at the ground. They are targeted at everyone else’s satellites. These would kill worldwide communications. The satellites of some countries that are shielded with titanium are protected from these weapons. The protected countries are Russia and China, but U.S. satellites are vulnerable and Putin has told Bush that the U.S. missile defense system doesn’t work, and that Bush knows it. The reason why I went to Russia was because I needed to meet with Bastien and another individual from the Russian Ministry of Defense named Oleg. The purpose was to get the Canadian diplomat who had made contact with Oleg to get the book of designs out of the ministry’s R&D. That was done. We copied the entire book. Then we took certain documents, and we changed serious portions of the defense design so the program wouldn’t work. They know this now.”

FTW Interview: Delmart “Mike” Vreeland
What the CIA Doesn’t Want You to Know
Michael C. Ruppert - FromTheWilderness.com

What is generally ignored by most writers is that Vreeland claimed to have documents (over 100 pages of bank transactions with 6 transactions per page, with one on Aug 11, 1989 for $100 Billion) exposing a massive, fraudulent theft of billions of dollars from the U.S. Treasury. He shared these documents with Michael C. Ruppert, who discusses them in his report Crossing the Rubicon. What is important to note is that these transactions start as early as 1989, and the ONI documents were also released to Ruppert and others by another Navy Intelligence agent. These documents suggest that the ONI was probably investigating a large money-laundering scheme, as rumored in some of the press. In reviewing these documents, it becomes clear that for the 18 months covered by these documents, Robert Hermann (later to become Vice President and the principle tax strategy architect for Enron, although the ONI documents may be referring to Robert Hermann of the National Security Agency, who worked extensively in the White House) was working with international banking cartels to refinance third world debt in the urgent need to prevent the collapse of the US banking system. (Michael Bowe and James Dean provide an excellent overview of this period in their report: “Has the Market Solved the Sovereign-Debt Crisis?” Princeton Studies in International Finance, No. 83, August 1997.) Working with a strategy labeled “concerted market-based debt relief” Hermann, Brady, Bush and Greenspan were apparently creating securities ironically named “Exit Bonds.” 
 
“Exit bonds are new bonds issued at discount in exchange for old debt. Exit bonds, like buy-backs, were rare before Brady, because of similar coordination challenges reinforced by legal clauses in syndicated loan agreements. Because exit bonds are generally either collateralized or made senior to the remaining old debt, they can be exchanged for old debt at a fraction of its value. If the bonds are fully collateralized, for example, they are as good as cash...” 

Has the Market Solved the Sovereign-Debt Crisis?
Michael Bowe and James W Dean
Princeton Studies in International Finance - No. 83
August 1997


Refinancing Soviet Debt
Or Buying Up The Soviet Economy At Pennies On The Dollar


The public record on the refinancing of Soviet debt is largely undocumented, but there is no doubt that it was being refinanced, with the secretive or “quiet” process largely under way in early 1991. Also, the individual reporting the news, and knowledgeable of the discussions, was aware that the U.S. was doing the financing.
 
“The Soviet Union is already in a piecemeal debt rescheduling with a series of ‘quiet’ Western government ‘refinancings’ likely this year – all in the interest of avoiding a more formal and debilitating Paris Club process,” Center Board member Robinson said. Robinson added, “Under present circumstances, it only makes sense that the appropriate authorities conduct a thorough investigation of Moscow’s banking activities and loan and interbank deposit portfolios before any further Western taxpayer guaranteed credits are pledged to Moscow.”

Moral Hazard: Moscow’s Dubious Banking Operations May Make the BCCI and BNL
Affairs Look Like Small Change
Center for Security Policy - July 23, 1991
 
During this global debt-forgiveness/restructuring process, the Bush administration would have needed to force the Durham Trust to relinquish control of its gold-collateral Peruvian debt bonds, which is what Durham claims did happen. According to the Vreeland and ONI documents, during the refinancing process, significant portions of the collateralized bonds of numerous international financiers “disappeared” for a large number of months while under control of the Bush White House, which also fits with Durham’s claims. Because of the delays in refinancing, a number of foreign countries took the White House to court to demand their collateral back. These proceedings were sealed (as have been 9/11 lawsuits against the government) from public disclosure for reasons of ‘National Security.’ During this same time period, the financial markets experienced one of their rare “interest rate inversions,” where short term rates provided better yields that long term rates. Between inversion earnings and interest, investment of the “lost” collateral would have generated over $300 billion in profits during the period of their absence. What this report speculates is that two years later, these earnings and lost collateral would re-emerge as collateral and funding for the re-financing of the Russian/Soviet debt (private and government), default on which was imminent. This debt (along with that of Peru, Brazil, Mexico and a dozen other states) had to be refinanced to prevent the collapse of the American banking system. The cash generated by refinancing the Soviet debt was withheld from Gorbachev until the coup which ousted him, and only then was funneled to the Russian Menatep Bank. Menatep  Bank, with its relations with Bank of New York, Nordex and the Riggs National Bank subsidiary Riggs-Valmet, would be at the core of the plundering of the Russian economy, pumping Russian, Kazak and other CIS international trade flow through the aforementioned financial conduits. The Bush administration’s attempts to minimize and ignore the Bank of New York money-laundering scandal have been documented elsewhere in this report. What is now suggested is that in attempting to protect the German and Swiss bankers, the Bush administration was protecting its own family. Jonathon Bush was a key executive director of Riggs at the time, and its Chairman, Robert L. Allbritton, was a family friend and major financial backer of the Bush family.

Vreeland’s story, attacked for its credibility by several writers, is consistent with other known facts. It is of related note that in 1999, on two occasions the American press and Congress expressed concern about Russian EMP capabilities, suggesting that Vreeland’s claim to be collecting information in Russia about an EMP system has some merit:
 
“Pentagon intelligence sources tell us that Russia in early April resumed testing a high-altitude weapon that fires off an electromagnetic pulse, or EMP.  The EMP bursts are similar to the disruption of electronics caused by a nuclear blast that can shut down everything from computers to cars. The Pentagon views the Russian EMP weapon as a serious development that may be part of Moscow’s ongoing anti-satellite weapons development program. U.S. satellites are the Achilles’ heel of the U.S. military’s high-technology force used for sending orders to forces around the world as well as communicating with troops and organizing logistics. A recent test of a ground laser against a U.S. satellite shocked military leaders by demonstrating how vulnerable U.S. satellites are to disruption.”

The Washington Times
06/18/1999; pp A5
by Bill Gertz and Rowan Scarborough
 
“The PRC is believed to be developing space-based and ground-based anti-satellite laser weapons. Such weapons would be of exceptional value for the control of space and information. The Select Committee judges that the PRC is moving toward the deployment of such weapons. Based on the significant level of PRC-Russian cooperation on weapons development, it is possible that the PRC will be able to use nuclear reactors to pump lasers with pulse energies high enough to destroy satellites.”

“In addition, Russian cooperation could help the PRC to develop an advanced radar system using lasers to track and image satellites.” 

The Cox Report
House Select Committee on U.S. National Security and Military/Commercial Concerns with the P.R.C.
Christopher Cox - Chairman - January 3, 1999
 
When asked about how he learned of the pending attack on the World Trade Center,
Vreeland indicated he learned of the attack from notes from a US agent found in a document
“sent to Vladimir Putin by K. Hussein, Saddam Hussein’s son.” 
 
“When did you first learn details of the attacks that were to happen on Sept. 11? In the first week of December 2000, how did you learn of the details? One document was written in English by a U.S. agent, who had picked up a copy of a document that had been sent to V. Putin by K. Hussein, Saddam Hussein’s son. This is what the translation of the doc indicates. The Iraqis knew in June 2000 that I was coming. I didn’t get my orders until August. The letter said that Bastien and Vreeland would be dealt with “in a manner suitable to us.” The letter specifically stated on page two, “Our American official guarantees this.”

FTW Interview: Delmart “Mike” Vreeland
What the CIA Doesn’t Want You to Know
Michael C. Ruppert
FromTheWilderness.com

It would be appropriate to assume that the son referenced (“K”) is actually Qusay who ran the Iraqi secret service.  Qusay, as the official leader of the Iraqi military and intelligence was known to be engaged in extensive relations with the Syrians and Syrian intelligence. Syrian Intelligence had long been aware of the plans for the attack on the World Trade Center, and had actually been linked to the financing of Mohammed Atta while he was in Germany, through the former head of Syrian Intelligence. It would not be unexpected to have Qusay being informed of the attack by Syrian intelligence, who were and still are playing both sides of the American-Iraq conflict. 
 
In providing the 100 pages of documents, Vreeland was demonstrating knowledge of an international re-financing process that has remained extensively “cloaked” from the public press, and exposed to several others by reported ONI officers. One might suspect that a global event as momentous as refinancing several trillion in world debt would have been authoritatively studied in economic and business journals, and at least commented on in the media news. The event happened, but there is no reported news of it!
 
There is nothing in his story to indicate that Vreeland is lying, and several clues in his story which suggest it to be true. It also suggests there was another agent in US intelligence that knew of the attack, and that Vreeland was sent to collect the evidence to make sure it didn’t see the light of day. In doing so, his Canadian colleague in the operation was ‘suicided’ shortly after Vreeland’s mission was completed.
 
The allegations of Vreeland’s fraud and misconduct which are being used to discredit him are “well documented claims” but before the validity of Vreeland’s case is discounted, the reader should bear in mind the example of U.S. Navy Captain Gunther Russbacher. Russbacher is the Navy pilot who came forth and testified to Congress that George Bush Sr. did indeed go to Paris as alleged in the October Surprise/Iran-Contra plot.
 
“In 1968, he was assigned to the Office of Naval Intelligence with a permanent commission.... In October 1980, he was command pilot for the aircraft used allegedly to fly George Bush to Paris. From March to July 1982 his group met with Mossad (Israeli intelligence) people in Alicante for the final delivery of weapons to Iran. In March 1985, he was incarcerated at Segoville, TX for an escape from federal conviction resulting from 1973 where he was caught with numerous bags of bearer bonds while dressed as a U.S. Air Force major.”

Who Is this Man Who Claims He Flew Bush to Paris
Harry V. Martin
Napa Sentinel - 1991

Subsequent to their turning on the Bush presidents, both Vreeland and Russbacher found themselves incarcerated for numerous crimes which they and their lawyers claimed were trumped up fabrications. The point to be made is that Vreeland’s claims, if true, can only be discounted by the U.S. Government if he is locked away and made to be a fraud, just as was done with Russbacher. (It is of some note that the Canadian legal system finally released Vreeland, suggesting the claims of fraud lacked credibility.) The coincidence here is that this generally happens to anyone who turns on the Bush administration. This pattern of “setting up” and eliminating whistleblowers by the Bush administration is well known with examples such as LT Colonel Anthony Shaffer and four star General Kevin Byrnes.
 
Another loose cannon in Navy Intelligence turned out to be Navy Capt. Scott Phillpott, a 22 year active duty serviceman who stepped forward and brought the Able-Danger Operation to light, after the 9/11 Commission ignored testimony from several individuals of this group’s awareness of Mohammed Atta as a known terrorist operating in the US a year before 9/11.
 
“Navy Capt. Scott J. Phillpott, a U.S. Naval Academy graduate who managed the program for the Pentagon’s Special Operations Command, confirmed “Atta was identified by Able Danger by January- February of 2000.”

An Incomplete Investigation: Why Did the 9/11 Commission Ignore `Able Danger’?
Louis Freeh
Wall Street Journal - November 17, 2005
 
More important than loose cannons like Vreeland, Russbacher, and Phillport, someone in ONI was leaking the story of the Brady (Durham) Bonds to the public, and conducting its own money-laundering investigation:
 
“Sioux City, Iowa - July 25, 2005 TomFlocco.com - According to leaked documents from an intelligence file obtained through a military source in the Office of Naval Intelligence (ONI), on or about September 12, 1991 non-performing and unauthorized gold-backed debt instruments were used to purchase ten-year “Brady” bonds. The bonds in turn were illegally employed as collateral to borrow $240 billion – 120 in Japanese Yen and 120 in Deutsch Marks – then exchanged for U.S. currency under false pretenses; or counterfeit and unlawful conversion of collateral against which an unlimited amount of money could be created in derivatives and debt instruments. Moreover, Durham alleges from conversations before her husband’s murder, that any 10-year Brady bond payoff for notes due on 9-12-2001 would have led to additional evidence of trillions in stolen funds from the U.S. Treasury and the identity of the perpetrators – providing an important reason to take out Cantor-Fitzgerald offices in the North Tower and a Pentagon ONI file section on September 11. Besides the intelligence file leaked to Durham, other documents were obtained by TomFlocco.com from whistleblower Stewart Webb’s intelligence sources.  Durham’s documents were delivered to the door of her home in February, 2000 by a uniformed Naval intelligence officer who told her, “the officer who asked me to bring these documents to you said you will know what to do with them,” whereupon he quickly turned and left before she could see his uniform ID name tag. The same documents from the leaked file were separately compared and authenticated by another unnamed (for personal safety reasons) intelligence officer who provided identical copies to Independent Presidential Candidate Karl Schwarz, who said that agent did not know the identity of the original Naval intelligence officer who passed the intelligence file through V. K. Durham to TomFlocco.com. ONI officials themselves – some of whom were probing the fraudulent 10-year debt instruments allegedly held by Cantor-Fitzgerald in the doomed North Tower – also perished along with the investigation files, all of which were curiously in the path of the 911 Pentagon impact. Keith Johnson, the Queen’s signatory at Wachovia Bank told her about the Office of Naval Intelligence being hit at the Pentagon on September 11 – that there had been an ongoing investigation of money laundering.”

Cash payoffs, bonds and murder linked to White House 9/11 finance
Documents point to attack on America by White House crime families
Tom Flocco - tomflocco.com. - September 4, 2005

In the public discussion of the Brady (Durham) Bonds, there has been no attempt to ascertain the reason why the ONI would be investigating the Brady Bonds. This report suggests two possible reasons why ONI could be involved in an investigation:

1) That officials in ONI determined that the maturity of the bonds represented a threat to the security of the U.S., (the level of involvement of various Intelligence operations in economic security has already been shown); and

2) the Bonds were used to invest in Russian defense companies to make their technology available to the U.S. 

However, the privatization of these defense firms actually put them in the control of the Russian Mafia, which allowed the weapons to continue to be used against the U.S. by selling them to drug cartel czars, Iraq, Syria, North Korea, China and anyone else for that matter who could afford them.
 
A final note, in the small world of all-to-many coincidences: the Office of Naval Intelligence received a new General Counsel 90 days prior to its destruction. It was an appointment by the Bush administration from the Greenberg Traurig law firm. This was Bush’s attempt to put a member of the Bush political network in control of a potentially loose cannon. Rest assured that lawyers from firms as successful as Greenberg Traurig do not view appointments to government agencies as income enhancing ‘rewards.’ The Greenberg Traurig law firm has played key roles in various aspects of the Bush agenda on six prior occasions:
 
    1. Represented President Bush in the Bush-Gore 2000 Florida election vote recount

    2. Personally represents Governor Jeb Bush

    3. Hired son of Supreme Court Justice Antonin Scalia on election day 2000 – after which Justice Scalia
        cast one of the 5 to 4 deciding votes which placed Bush in thr presidency

    4. Miami-headquartered firm partially funded/sponsored delegation to Israel by House-Senate Armed
        Services Committee members and government contractors to witness and be briefed on interrogation
        resistance procedures and torture techniques. One of lobbyists joining them to Israel included Jack
        London, CEO, CACI Int’l Inc., firm implicated in outsourced Iraqi torture at Abu Ghraib prison

    5. Firm has prominent administrative positions in Massachusetts 9/11 Fund which also involves Bush
        family banking house Brown Brothers Harriman

    6. One appointed as General Counsel of the Department of the Navy and its Office of Naval Intelligence
        just 90 days before the attacks
 
A pro-Bush General Counsel would be able to control an amazing amount of information
released by ONI, and provide an instant counter-weight to years of Naval tradition and
relationships that has made the Navy a force of the highest integrity

Epilogue

The Twin Towers and the Pentagon were bombed with remotely flown aircraft as carefully outlined in “Murdering Liberty Killing Hope” (link next page) and the perpetrators were not Muslim Fundamentalists intent on committing an act of terror against America.

The perpetrators of this event were the same globalists, the same bankers and industrialists who would go on to profit obscenely from perpetual wars. Feeding, housing, clothing, providing medical care and caring for a one million man armed force engaged in combat overseas while supporting that force with continually depleted armaments, bullets, bombs and guns is profitable beyond their wildest expectations.

Doing so allows the acquisition of land bases and resources for a resource impoverished country, the US, and secures future earnings derived from the employment of those assets in a Capitalist sociopolitical global estate.

The criminal probes diverted by the events on September 11th allowed these individuals to maintain 100s of various global bank accounts backed by gold and worth, today, very likely trillions of dollars based on the global fractional reserve system and the expansion of wealth through the use of assorted derivatives and finance multiplying schemes.

The revelation that almost every high-ranking elected and non-elected appointed official in the US and global governing racket has had or does have some level of connection, direct complicity or entanglement in the very complicated and convoluted events that both preceded and followed the events of 911 indicate with much clarity that a new investigation is not going to be forthcoming, ever.

It’s critical to the National Security of the civilian population of the United States and the future of global peace that each and every one of us understands what happened that day because all national and foreign policy legislation and objectives stem directly from this event.

Herein lies the very conundrum that arises. Now what?

~ Jeff Prager

A collection of free eBooks by the author/publisher:

1. The who, why and how of the events that occurred on 911 with almost 100 photostatic documents; banking, contracts and depositions, over 50 rarely seen high quality ground zero images and a story about the QRS11 Gyro Chip, Smacsonic®, the NASA Dryden Controlled Impact Demonstration, the real Mohamed Atta, the Clock Lady and Metastable Intermolecular Nano Composite Sol Gels.
This is the final word on the events of 911.

http://dl.dropbox.com/u/16017306/911%20Final%20Unedited.pdf

2. Implicates the same players in the SubPrime crisis and connects the SubPrime crisis directly to the events of 911. Don’t believe what you hear in the media. This book introduces many of the lesser known players and provides the history of their connections to the intelligence community and also speculates on bond defaults in 2011-2012.

http://dl.dropbox.com/u/16017306/Book%20II%20Complete.pdf

3. Provides the historic data from the mid-1940s through 1975 on the events that led to what we now call 911. Introduces the players that have long since died and ties them into the players on the global stage today.

http://dl.dropbox.com/u/16017306/Book%20III%20Complete.pdf

4. A suitcase loaded with explosives would be less dangerous then a suitcase loaded with 100s of billions of dollars in bearer bonds. Were they real, were they fraudulent? Why was the global media silent?

http://dl.dropbox.com/u/16017306/Book%204.pdf

5. A scathing report confirming the US Media is controlled by an Organized Crime Syndicate involved in murder and financial fraud

http://dl.dropbox.com/u/16017306/Book%205.pdf

6. Since September 11, 2001, there has been an undercurrent of testimony that the collapse of the WTC Towers was preceded by a series of explosions inside the towers, which appeared to those fleeing as totally unrelated to the holocaust created on the upper floors by the jet airliners. To a very large degree, those statements have been “sealed” by the FBI along with statements by the NY Fire Department and rescue workers. That information will never see the light of day for the next twenty years. There are however, ten sets of publicly available information which strongly suggest other explosions occurred in conjunction with the airline attacks on the World Trade Center. This report covers those ten sets of publicly available information.

http://dl.dropbox.com/u/16017306/Book%206.pdf







 




 





 































 




















 





 


















Comments:
 
dmhennen   dmhennen wrote
on 12/5/2013 3:01:19 PM
This is outstanding. I have also taken this view of the 9/11 events, but this details it all. Thanks for the read!

Dakota1955   Dakota1955 wrote
on 11/23/2012 11:44:28 PM
Thank you! I belong to an email group that Webster Tarpley is a member of. I suspect he's seen the material. I've put together some additional material that's top notch science; physics, chemistry and mathematics, that nails down unarguably the method used to take the Twin Towers down. The material was presented at the recent Vancouver Hearings this past June. Admittedly, my material is not widely dispersed and few people are familiar with it. The books I've written, 11 of them related to 911, have been downloaded 10s of 1000s of times but the US alone has 305 million citizens. Thank you for your response. Anyone with enough stamina to read through all of this material is a hero in my book!

macaddictjay   macaddictjay wrote
on 11/23/2012 3:08:37 PM
Excellent work. I have sent links to this article and your two PDFs to David Wilcock (divine cosmos.com) and Webster Tarpley (tarpley.net). I hope they're paying attention. I hope you will find a way to get these works more widely read, and get compensated for your work. (We all need to eat.)

Dakota1955
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Rating: 10.0/10

Synopsis
A forensic financial investigation of the events surrounding September 11th, 2001
A Word from the Writer
This is the final analysis of the events surrounding 911 and there is nothing else like this anywhere else.
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