September 11 Commission Report - Gnostic Liberation Front

2. 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 report on the Economic Security Exercise,
cosponsored by the U.S. Naval War College and Cantor Fitzgerald, Newport, R.I.,
December 1997.”) 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.
3. 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
THE SEPTEMBER 11 COMMISSION REPORT Page 184