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 6, 7 and 1, 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 Centre,
were destroyed on September 11, 2001, the day before they came due for settlement and clearing. Either 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 or 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.
The Origins of the World Trade Centre Attack
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.
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 programme 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 programme 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.
The Source of the Funds
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 Yama#a 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 tonnes 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.
The Yama#a 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.
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
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.