Kissinger Fingerprints all over Suspicious Pre-9/11 Money Movements
December 14, 2006 -- On Dec. 11, WMR reported the following:
"WMR has learned from one of its sources in New York that the
- Federal Reserve Bank of New York
actively Covered Up Massive Money Laundering
by the Hong Kong and Shanghai Banking Corporation (HSBC)
United Arab Emirate branch through its branch in New York.
The money laundering consisted of questionable money movements
through Dubai that involved individuals linked to "Al Qaeda," including
those connected to the 9/11 terrorist attacks on the United States."
We have now learned that the Federal Reserve Bank in Chicago
was made aware of possible terrorist-related money movements
in a Federal Reserve Board of Governors letter sent to all
Federal Reserve Banks a little over a month before the 9/11 attacks.
The letter, dated August 1, 2006, requested all cognizant
Federal Reserve components, including the bank's Financial Payments
and Risk Analysis branches, to pay special attention to Suspicious
Activity Reports (SARs) being submitted by component banks.
In fact, some Federal Reserve Banks did Notice
< Something Very Suspicious prior to 9/11.> There was
a dramatic downdraft in Federal Reserve note currency holdings
in July and August 2001 (this is referred to as the M1 money supply).
In fact, the decrease in Federal Reserve note inventory was
35%, equating to billions of dollars.
Essentially, there was a run on cash at the banks in the months
< before 9/11, an event not seen since December 1999, >
in the weeks before Y2K, and in January 1991,
prior to the commencement of Operation Desert Storm in the Gulf.
In addition, there is also evidence that the run on cash was masked
by using Argentina, which was experiencing a banking crisis,
to evade detection by United States authorities.
The spotlight on suspicious cash transactions was
Banca Nazionale del Lavoro (BNL) SpA of Argentina,
an Italian bank whose Atlanta branch featured prominently in the
BCCI and U.S. Iraq weapons transfer scandals of the 1980s.
In January 2006, BNL Argentina was acquired by none other than
HSBC, the subject of attention by UAE Central Bank authorities
for suspicious transactions prior to 9/11. In addition,
Kissinger and Associates employed
Timothy Geithner from 1985 to 1988.
Geithner is now the 9'th president and Chief Executive Cfficer
of the Second District Federal Reserve Bank of New York,
the entity that stands accused of covering up information
about suspicious "Al Qaeda" money flows
from the UAE, Pakistan, and Saudi Arabia
for possible terrorist-related purposes prior to 9/11.
"BNL was a client of Kissinger Associates.
In addition, the late Democratic Rep. Henry Gonzalez of Texas
stated the following on the floor of the House on April 26, 1991:
"Henry Kissinger was a Paid Member of the Banca Nazionale
del Lavoro Consulting Board for International Policy.
Mr. Kissinger held this position during the height
of the biggest banking scandal in United States history
- $4 billion in unreported loans to Iraq by the Atlanta branch of BNL . . .
Another interesting point to note is the timing of Mr. Kissinger's
supposed resignation from BNL on February 22, 1991.
That date is just days before the Justice Department announced
a 347 count indictment against the former employees of BNL
after an exhaustive 18-month investigation.
This is quite a coincidence.
BNL was actually a client of Kissinger Associates at the same time
BNL's former employees in Atlanta were providing
Iraq with billions in Unreported Loans.
This solidifies Mr. Kissinger's link to BNL
and raises the question of whether Mr. Kissinger
had knowledge of the BNL loans to Iraq.
As I stated last week, many Kissinger Associates clients
were doing business with the Iraqis as a direct result of
the unreported $4 billion in BNL loans to Iraq.
Volvo, whose chairman serves on the Kissinger Associates
board of directors, was doing big business in Iraq
and it was the beneficiary of BNL loans.BNL was also
the largest participant in the $5.5 billion CCC program for Iraq.
Between $800 and $900 million in BNL loans to Iraq were guaranteed
by the CCC. BNL was also the second largest participant in the
Export-Import [Eximbank] program for Iraq.
Over $50 million in BNL loans to Iraq were guaranteed by Eximbank.
Through these programs it became common knowledge in the export
community that BNL was Iraq's prime banker in the United States.
I also reported last week that Mr.Lawrence Eagleburger had ties
to BNL. While he was serving as president of Kissinger Associates,
Eagleburger was a board member of a Yugoslavian bank
that had a substantial and even incestuous relationship with BNL.
BNL was a main factor in the growth of that
Yugoslavian bank's operations in the United States.
Despite the many linkages between Kissinger Associates and BNL,
Mr. Kissinger still maintains that he had no knowledge
of the $4 billion in BNL loans to Iraq.
The fact that BNL was a client of Kissinger Associates a
lso solidifies the link between BNL and 2 very high ranking
Bush administration employees, NSC Director Brent Scowcroft
and Deputy Secretary of State Lawrence Eagleburger.
Mr. Lawrence Eagleburger and Mr. Brent Scowcroft were both
high ranking employees of Kissinger Associates during the period
BNL was a client of Kissinger Associates.
In other words,
part of their paychecks was derived from fees paid by BNL.
The fact that BNL was a client of Kissinger Associates also raises
the question of how Mr. Eagleburger and Mr. Scowcroft reacted to
the BNL scandal once it became known to them in the fall of 1989.
I wonder if either thought it necessary to recuse himself from
making decisions on Iraq once the BNL scandal was uncovered?"
Eagleburger is a member of the Iraq Study Group,
replacing Robert Gates, Defense Secretary-designate, who was
CIA deputy director at the time of the BNL loans to Saddam Hussein.
Scowcroft is a close friend of group chairman James Baker.
There are still many questions about the strange suicide death
earlier this year of Phillip Merrill, the head of the Eximbank
under George W. Bush.
We have also learned their was a dramatic spike in diamond market
transactions prior to 9/11. Diamonds have been used by "Al Qaeda"
and the Russian-Israeli Mafia to launder cash to evade detection
by financial surveillance authorities.
Many of the diamond transactions occurred in West Africa,
a center for terrorist-related financing according to a former chief
of the Mossad, who spoke to the editor on background.
# posted by Macu @ 12/14/2006 02:18:00 PM