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Iran-Contra Connections To 9-11 [Believe it, or not!]
Carnage for My Daily Bread: The Iran-Contra Perpetrators of Black Tuesday (Chapter One)
30th January 2010

By Alex Constantine (Formerly “Adnan Khashoggi Linked to 9/11 Terrorists,” plus updates and revisions)

Eighteen years before burning skyscrapers, codified torture, secret trials, concentration camps, kidnapping, mass detentions and state sanctioned assassinations, Barrick Gold, a mining concern in Canada with roots in the American intelligence establishment, was founded. It is fitting that gold, the seductive but dead heart of world capitalism, should christen a story about the most unconscionable event in Wall Street history: 9/11.

Barrick’s incorporation is obscure. Most accounts claim that the firm was founded by Peter Munk, a former radio manufacturer who made a splash in the Canadian press when he disposed of his shares in the company shortly before it was declared insolvent, a golden parachute paid for by investors and the Canadian taxpayer. His name was instantly mud in the investment community, but fortunately for Munk, no indictment was ever brought against him.

Peter Munk

Today, his overall worth is estimated at $350 million.1 Munk’s redemption was the work of Adnan Khashoggi, who would go on to notoriety as an Oliver North intermediary in the Iran-Contra affair. Khashoggi and Munk kicked off their partnership with a series of hotel investments. In 1983, he raided the corporation’s fat cash reserves to purchase Barrick. Munk – who had business ties to Australian airline magnate Rupert Murdoch and his business partner, Sir Peter Abeles, who represented certain organized crime interests in the United States (both maintained intimate ties to the CIA) - was installed as chairman.

Khashoggi distanced himself from Barrick after the Iran-Contra scandal broke (but held onto his stock, tied up as collateral for North’s arms transfers to Iran in 1985), notes Observer reporter Gregg Palast in a book on the 2000 presidential election, before Bush was invited in. That was in 1995: “Munk’s reputation was restored, at least in his own mind, in part by massive donations to the University of Toronto. Following this act of philanthropy, the university awarded Munk adviser Bush an honorary degree. Several students were arrested protesting a cash-for-honors deal.”2

The bonds were positively Sicilian. in 1986, Khashoggi was arrested for fraud and held in a New York prison. Munk paid his $4 million bail.3

Barrick Resources International (BRI), the nascent firm founded two years before Barrick Gold, was spun off by the Central Intelligence Agency’s Kermit Roosevelt to serve as a dummy business front. This was roughly the same time that Roosevelt cemented relations with Khashoggi, who brought Munk along, on behalf of the CIA. In 1983, the disgraced entrepeneur “picked up the mantle of this clandestine front (read looted taxpayer dollars) in Toronto as though it was his operation. It gave Khashoggi an excuse to be visible in Toronto, where he planted more businesses and outposts.”4 The offshore division of Khashoggi’s Barrick Resources, for instance, controlled Jetborne, Inc., a company in Toronto used by Khashoggi to ship arms to Iran under the direction of Reagan’s NSC.5

Khashoggi’s empire, raised on a bed of gold, metastisized rapidly. In 1973, he dropped in his burgeoning portfolio a company in possession of nearly two million acres of prime real estate, the Arizona-Colorado Land & Cattle Company — not far from the 100,000 acre Paloma Ranch near Gila Bend, deeded to the CIA’s Kermit Roosevelt and John B. Anderson.6

Two years later, in cahoots with Sheik Kamal Adham — then director of Saudi intelligence (1963-79), brother-in-law of King Faisal and the CIA’s key liaison to the Arab world — Khashoggi founded Oryx.

But the Saudi Sheik’s thieving bonds with Khashoggi and the CIA were forged decades earlier, with the incorporation of Barrick. The company’s seed investors were Saudis with Agency ties, including Shiek Kamal Adham, Adnan Khashoggi, and Prince Nawaf bin Abdul Aziz (a major investor in Barrick, code-named “Tumbleweed” by his CIA contacts).7

By 1978, Adham was worth roughly $134 million.

It was but two years earlier that the son of Prescott Bush, a well-heeled CIA director, struck up an alliance with Saudi Arabia and Iran under the Shah. George H.W. Bush’s left-hand man at Langley was Kamal Adham. After leaving the CIA in January, 1977, Bush was appointed to the executive committee chair of First International Bancshares (FIB), the largest bank in the District of Columbia. (In the 1980s, the Shiek and Abdul Khalil – Adham’s successor as Saudi intelligence director - then officers of BCCI, were implicated in a hostile bid for FIB, by this time transformed into a dummy front for its scandal-infested parent, BCCI.)

Raymond Close

Raymond Close, another revolving-door, covert dervish, CIA station chief in Saudi Arabia, took arms from the Saudis and gave them to Pakistan - a maneuver Oliver North would repeat at the NSC in the Iran contra swaps - and in 70s left the Agency and went to work for BCCI director Kamal Adham.

Majority shares in Capcom, a BCCI susidiary, were held by Saudi spooks Adham and Khalil. Capcom sidelines included money laundering and drug trafficking.8 Adham was eventually prosecuted for fraud in the BCCI case and paid a $100 million fine.

Of the 220 flight schools in Florida, Atta picked Huffman Aviation.

Wallace Hilliard snatched up Huffman Aviation in 1999 and hired Rudi Dekkers, a Dutchman, to run it.

The following year, Hilliard’s LearJet was stopped on the runway at Orlando Executive Airport by armed DEA agents.

The CIA’s Myron Du Bain was president of the Stanford Research Institute in the sixties, and in that capacity oversaw covert Cold War mind control experimentation

At Huffman, too, the CIA was a silent partner. Sander Hickes, a reporter for the Long Island Press, found that Hilliard “did business with Myron Du Bain, who worked alongside late ex-CIA director John McCone on the boards of several banks. Du Bain was chairman of the Fireman’s Fund Insurance Company in 1981 when the company announced plans to acquire Employers Health, an insurance company cofounded by Hilliard.”9 (He was also a director of American Express, Wells Fargo, Transamerica, and Pacific Gas & Electric.)

Hilliard’s alleged Saudi connection would soon be immersed in criminal activity of his own — with direct ties to terrorism — in Armenia. Bank fraud was rampant there, Global News Wire reported in August, 2004, “thanks to the Arab millionaire Adnan Khashoggi — an active partner of Armenian businessmen in the illicit drug and arms trades.” Khashoggi’s first bucket-shop banking operation was a branch of the Caucasus Investment Bank in Susa. In quick succession, with the assistance of Abu Muslum, an Arab businessman, he opened the Hamaz and Beit ul-Muqaddas banks.

Rovsan Novruzoglu, a political scientist and director of the International Strategic Research Center in Azerbaijan, fiound that Adnan Khashoggi’s banks “played a big part in the formation of terrorist camps and in the opening of laboratories for developing chemical and bacteriological weapons in Nagornyy Karabakh.”11

Back home, Wally Hilliard was training terrorists to fly airplanes — including both pilots who crashed into the World Trade Center.” …

1) Greg Palast, “Poppy Strikes Gold,” excerpt from The Best Democracy Money Can Buy,”

2) Ibid.

3) Greg Palast, “Best democracy money can buy: Gregory Palast examines the sources of the $500m that boosted Bush’s bid for the White House,” Observer, November 26, 2000.

4) Lois Ann Battuello, e-mail exchange with author, October 1, 2004.

5) Ibid. Today, Khashoggi has interests in some 1500 companies, and indirect involvement in others. The second largest shareholder in Ruppert Murdoch’s News Corp., for instance, is Prince Walid bin Talal bin Abdulaziz as Saud (Prince Alwaleed), a Khashoggi colleague.

6) Ibid.

7) Jay Taylor, “Jay Taylor: J. Taylor’s Gold and Technology Stocks” (Volume 22 No. 15), January 3 2004.

Martin J. Rivers, “A Wolf in Sheikhs Clothing: Bush Business Deals with 9 Partners of bin Laden’s Banker,” Geocities, March 15, 2004.

9) Sander Hicks, “No Easy Answer – Heroin, Al Qaeda And The Florida Flight School,” Long Island Press, February 19, 2004.

10) M. Macidli, “Azerbaijani Daily Outlines Activities of International Armenian Haybun Organization,” Global News Wire, August 27, 2003
"Let me issue and control a nation's money and I care not who writes the laws. - Mayer Rothschild
"Civil disobedience is not our problem. Our problem is civil obedience! People are obedient in the face of poverty, starvation, stupidity, war, and cruelty. Our problem is that grand thieves are running the country. That's our problem!" - Howard Zinn
"If there is no struggle there is no progress. Power concedes nothing without a demand. It never did and never will" - Frederick Douglass

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