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September 11 Commission Report - Gnostic Liberation Front

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“Gary Thompson, the newspaper's former managing editor, and journalist Steve Kanigher published<br />

copies of gold certificates from Credit Suisse, deposit records from the Union Bank of Switzerland, the<br />

correspondence of Corazon Aquino and letters to Reagan administration officials documenting witness<br />

accounts that … the CIA and Army Special Forces carted off an unknown quantity of the bullion.”<br />

[Iran-Contra Connections to the Oklahoma Bombing, gathered by Alex Constantine © 2000 Alex<br />

Constantine. All rights reserved]<br />

In both instances of the holocaust victim and Philippine gold, the Swiss banks adamantly<br />

resisted years of effort by the governments of Israel and the Philippines to have the gold<br />

returned to its rightful owners. Interestingly, UBS and other Swiss banks reversed their<br />

position on ‘not returning’ holocaust gold to family survivors in August of 1998, after<br />

several months of negotiations with Edgar Bronfman, a co-investor of Adnan Khashoggi<br />

in Barrick Gold and President of the World Jewish Congress. Surprising, the release of<br />

the holocaust gold plays a key role in understanding why the World Trade Center was<br />

attacked on <strong>September</strong> <strong>11</strong>.<br />

The reason the Swiss banks relinquished in this, after more than 50 years of denial was<br />

not so much a result of newly defined morality, but rather the result of pressure from U.S.<br />

investigators and lawmakers on three separate fronts, and by Swiss lawmakers on a fourth<br />

front:<br />

1. There were claims by the Philippine government that the Marcos family had secreted<br />

away $13.4 billion of the Philippine treasury. In 1991, at the end of the Marcos<br />

presidency in the Philippines, there were a number of reports that Marcos had<br />

secreted away in UBS, large quantities of the Philippine national treasury. There are<br />

reports that these funds came from multiple sources: the looted Japanese treasury,<br />

Nazi gold money-laundering, and embezzlement of US aid. The point that has not<br />

been disputed is that regardless of the source, there was “a lot” of illegal gold and<br />

money moved to Switzerland by Marcos, with the assistance of Adnan Khashoggi.<br />

George Bush Sr., as CIA director, would also be involved in helping Marcos move<br />

bullion out of the Philippines. Investigators from the Philippines starting making<br />

claims on these funds, providing proof the funds were secreted away at the UBS, but<br />

because of the banking laws of Switzerland, the bank would never confirm to the<br />

Philippine government of President Aquino that it had the missing Philippine funds.<br />

2. The U.S. Department of Justice, representing eight U.S. nationals that had won a<br />

lawsuit against the Marcos estate for torture and deprivation of rights, was pressing<br />

for an investigation into the Swiss accounts. A number of human rights groups took<br />

on the Marcos family in US courts for violation of human rights, and won a major,<br />

billion dollar settlement against the Marcos family. Ferdinand Marcos had died in<br />

1989, but the judgment was levied on his estate. After losing the suit, the Marcos<br />

family claimed it did not have the resources to settle the claim. That is when the<br />

Department of Justice was brought in to investigate the accounts identified in the<br />

Swiss banks as Marcos accounts. When the possibility of the estate being hidden in<br />

UBS was exposed by the efforts of the Philippine government, the Department of<br />

Justice began an investigation.<br />

3. The search for holocaust gold was re-activated in 1996 when newly declassified<br />

documents of the Swiss government inadvertently suggested the banks were still<br />

THE SEPTEMBER <strong>11</strong> COMMISSION REPORT Page 246

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