September 11 Commission Report - Gnostic Liberation Front

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 tonnes 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. Even worse - it may also have
been a motive for allowing the carnage to take place.
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’s 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.
THE SEPTEMBER 11 COMMISSION REPORT Page 171