September 11 Commission Report - Gnostic Liberation Front

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 current Bush administration has dropped all investigations of potential financial
crimes associated with the destruction of the WTC. It has 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 an only 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 be possible. 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 real the National Security issue.
7.2 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 tonnes per
year (See Figure 4 for annual production rates). The price of gold has remained relatively
stable from 1992 to 2003 (See Table 4). Had there been a significant ‘dump’ of illegal
gold in the magnitude of 2,000 to 3,000 tonnes 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 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 tonnes 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.
THE SEPTEMBER 11 COMMISSION REPORT Page 161