September 11 Commission Report - Gnostic Liberation Front

September 11 Commission Report - Gnostic Liberation Front September 11 Commission Report - Gnostic Liberation Front

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investigators into those banks to help bring to an end what is commonly recognized as criminal activity. The investigators from the US agencies at the WTC may never have known how close they were getting to the criminal core of this Cartel – but the bankers and owners of those accounts would have known. 9.1 The Swiss-German Banking Connection There are a number of Swiss banks that regularly are mentioned in reports of moneylaundering and protection of stolen national assets. Amongst them, one stands out: UBS, but often mentioned as well is the Credit Suisse Bank. UBS (Union Bank of Switzerland or Schweizerische Bankgesellschaft, formerly Banque Federale or Federal Bank of Switzerland) is the long time banker to the Marcos family, Adnan Khashoggi and the Saudi Royal family, and assorted international criminals. This Swiss bank is one of several strongly attached to the German industrial and banking cartels, with a history traceable back to the Third Reich. “Deutsche had as its principal connection Credit Suisse, and also did business with the Swiss Bank Corporation and the Banque Federale (UBS). Funds transferred from Berlin for a client list approved by Bormann went into numbered accounts, and were either held there for local investment or soon shifted to neutral nations elsewhere in Europe or overseas, to be credited to the accounts of appropriate German corporate subsidiaries, or else to entirely new corporations awaiting these start-up monies that would enable them to go into business using German patents. As these new corporations prospered, they generated more money and profits, becoming important elements in the Bormann global economic scheme. Seven hundred and fifty new corporations were established in the last months of the war under the direction of Reichsleiter Bormann, using the technique perfected by Hermann Schmitz.” [Martin Bormann – Nazi in Exile, Paul Manning] UBS operated with the Deutschebank to funnel laundered Third Reich funds into many of the subsidiaries created by German industrialists at the end of the war, especially I.G. Farben and Thysssen A.G. This was done to protect assets from confiscation by the Allies. In 1978, these two banks would create UBS-DB Corporation, an American firm. It would later become Atlantic Capital Corporation (wholly owned by the Deutsche Bank), and continue to help UBS customers place investments in the U.S. UBS was one of the few banks used by the Germans during WWII to launder and hold “holocaust victim gold” as well as the stolen treasuries of Europe, including gold reserves from France and Czechoslovakia. At the time the Nazis stole the French treasury, the gold holdings of France were reported to be greater than the combined holdings of Fort Knox and the Bank of England. It is often reported that most of the Nazi gold treasury was recovered by the allies and redistributed, as per agreement, to the countries from which it had been stolen. “At the end of the war, total gold deposited at the Reichsbank amounted to RM655.4 million valued at the official price of RM2,784 per kilo. In February-March 1945, most of these stocks were transferred to the Merker’s salt mine in Thuringia. This gold was confiscated by Eisenhower’s army in April THE SEPTEMBER 11 COMMISSION REPORT Page 244

1945. It was redistributed later to countries whose own gold stocks had been taken over by the Third Reich.” [David Marsh, The Bundesbank: The Bank that Rules Europe, Mandarin Press, 1992, p300.] In actuality, very little of the gold was ever returned, and is reported to have been kept by UBS. “In 1940, the gold reserves of the Banque de France by far exceeded the combined reserves of Fort Knox and the Bank of England. The Nazis stole the entire French reserves before the end of 1940, and much of it ended up in Swiss vaults. After WW2, the Swiss Government came visibly under pressure from the Allies and consented to various demands, including the turning over some SFR 250 mio worth of Nazi gold to the United States. According to findings by the Swiss historian Werner Rings, much of this gold was of French origin (foundry markings). Not only are the circumstances and conditions murky, but it is also still far from clear how much French gold was returned to France, how much found its way to the American reserves, and how much was turned into "Swiss gold". Interestingly, some European historians suspect that several parts of the U.S. and other Allied governments participated in the post-war disappearance of Jewish and non-Jewish assets confiscated by the Nazis.” [Observations concerning the Memorandum of Understanding (MOU) between the World Jewish Congress et al. and the Swiss Bankers Association signed May 2 1996 in New York, by anonymous, 5/25/1996 ] “…the Kennedy Administration, in 1963, found it opportune and possible to lend a helpful hand for UBS to become Switzerland's biggest bank by almost doubling its equity overnight with confiscated Nazi assets.” [Who Wants To Sack Heidyland? Anton Keller, Secretary, Philip Wainwright, Legal Adviser Swiss Investors Protection Association, Geneva - e-mail: swissbit@solami.com, 1/1/1998] After the war, the Swiss banks took elaborate measures to ‘hide’ the Nazi gold and prevent confiscation by the Allies. Although the Allies were able to seize some, the actual amount deposited by the Nazi government and German industrialists could not be ascertained. The ‘undiscovered’ gold in the banks would be the gold pursued in 1990s in international courts and world public opinion by the Jewish World Congress and Edgar Bronfman. Shortly after the war, the Swiss passed laws to ensure that they would be able to hold on to whatever the Allies did not confiscate. “The most famous case of stolen art which has occupied art historians, journalists and politicians since the 50ies is the origin of the private collection of the Swiss arms manufacturer Dieter Bührle (Oerlikon-Bührle). The Bührle dynasty has provided Germany essential weapons in both world wars. In WW2 some 80 % of all German anti-aircraft weapons and ammunition were manufactured in Switzerland [particularly by Oerlikon-Bührle], with deliveries continuing [into] 1945. For these last deliveries Germany paid with stolen art treasures, much of which collected by Feldmarschall Hermann Göring. One large and clearly identifiable Jewish collection stolen in Paris thus found its way to the Dieter Bührle collection and - due to Swiss law and practices - Mr.Bührle has been able to fend off French government-supported recovery attempts over the last 40 years. The Swiss penal code gives good title to anybody who managed to hold on to stolen art for more than 30 years. Moreover, Swiss wartime emergency legislation and postwar judgements presume good title for any asset, irrespective of criminal or non-criminal origin, acquired by Swiss citizens from Germany during the Nazi period. The only limitation seems to have been robbery committed by the Swiss acquirer himself.” [Observations concerning the Memorandum of Understanding (MOU) between the World Jewish Congress et al. and the Swiss Bankers Association signed May 2 1996 in New York, anonymous, May 25, 1996] The next great gold bonanza to get channeled to the Swiss banks was the Marcos gold. THE SEPTEMBER 11 COMMISSION REPORT Page 245

investigators into those banks to help bring to an end what is commonly recognized as<br />

criminal activity.<br />

The investigators from the US agencies at the WTC may never have known how close<br />

they were getting to the criminal core of this Cartel – but the bankers and owners of those<br />

accounts would have known.<br />

9.1 The Swiss-German Banking Connection<br />

There are a number of Swiss banks that regularly are mentioned in reports of moneylaundering<br />

and protection of stolen national assets. Amongst them, one stands out: UBS,<br />

but often mentioned as well is the Credit Suisse Bank. UBS (Union Bank of Switzerland<br />

or Schweizerische Bankgesellschaft, formerly Banque Federale or Federal Bank of<br />

Switzerland) is the long time banker to the Marcos family, Adnan Khashoggi and the<br />

Saudi Royal family, and assorted international criminals. This Swiss bank is one of<br />

several strongly attached to the German industrial and banking cartels, with a history<br />

traceable back to the Third Reich.<br />

“Deutsche had as its principal connection Credit Suisse, and also did business with the Swiss Bank<br />

Corporation and the Banque Federale (UBS). Funds transferred from Berlin for a client list approved<br />

by Bormann went into numbered accounts, and were either held there for local investment or soon<br />

shifted to neutral nations elsewhere in Europe or overseas, to be credited to the accounts of appropriate<br />

German corporate subsidiaries, or else to entirely new corporations awaiting these start-up monies that<br />

would enable them to go into business using German patents. As these new corporations prospered,<br />

they generated more money and profits, becoming important elements in the Bormann global<br />

economic scheme. Seven hundred and fifty new corporations were established in the last months of the<br />

war under the direction of Reichsleiter Bormann, using the technique perfected by Hermann Schmitz.”<br />

[Martin Bormann – Nazi in Exile, Paul Manning]<br />

UBS operated with the Deutschebank to funnel laundered Third Reich funds into many of<br />

the subsidiaries created by German industrialists at the end of the war, especially I.G.<br />

Farben and Thysssen A.G. This was done to protect assets from confiscation by the<br />

Allies. In 1978, these two banks would create UBS-DB Corporation, an American firm.<br />

It would later become Atlantic Capital Corporation (wholly owned by the Deutsche<br />

Bank), and continue to help UBS customers place investments in the U.S.<br />

UBS was one of the few banks used by the Germans during WWII to launder and hold<br />

“holocaust victim gold” as well as the stolen treasuries of Europe, including gold reserves<br />

from France and Czechoslovakia. At the time the Nazis stole the French treasury, the<br />

gold holdings of France were reported to be greater than the combined holdings of Fort<br />

Knox and the Bank of England.<br />

It is often reported that most of the Nazi gold treasury was recovered by the allies and<br />

redistributed, as per agreement, to the countries from which it had been stolen.<br />

“At the end of the war, total gold deposited at the Reichsbank amounted to RM655.4 million valued at<br />

the official price of RM2,784 per kilo. In February-March 1945, most of these stocks were transferred<br />

to the Merker’s salt mine in Thuringia. This gold was confiscated by Eisenhower’s army in April<br />

THE SEPTEMBER <strong>11</strong> COMMISSION REPORT Page 244

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