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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<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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