The Insurance-Game’s Role within the Most Secretive, Sinister and Murderous Empire in History

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Presenting our fifth installment of a 6-part interview with “The World Is Turning” author Don Paul by Bob Feldman.

5. TF:  Recently some Big Media attention has been focused on the American International Group [A.I.G.] because it used a lot of its U.S. taxpayer-provided bail-out fund money to just give big bonuses to A.I.G. executives. But your book seems to indicate that A.I.G. also apparently profited from what happened on September 11, 2001 in Downtown Manhattan. Besides learning more about how A.I.G. may have profited from what happened on 9/11/01, what other kinds of information about the 9/11/01 events which the Big Media or U.S. left alternative media generally never mention, will U.S. anti-war readers find in your new book?

5. DP: Well, let’s start with profits from insurance that owe directly to the crimes of 9/11/01.

In 2005 Tony Brasunas, editor of the online publication Garlic & Grass, asked me to write about ‘the best evidence’ for a 9/11 conspiracy apart from that silly fairy-tale we know as the Official Story. Tony’s assignment led neto learn more about money that had been made from insurance.

First I learned more about amounts made by those who were insured for the properties that were lost. For the 47-story World Trade Center Building 7 (a skyscraper that imploded into its own footprint at 5:20 on the 9/11 afternoon, a skyscraper that showed very little damage or fires before it fell, a 570-foot-high skyscraper with 25 central columns and 58 perimeter columns of structural steel, a 2-million-square-foot skyscraper that fell to ground in 6.5 seconds, a time equal to free-fall) the building’s developer, Silverstein Properties, and its three major financial stake-holders, the Blackstone Group, and General Motors Acceptance Corporation, and Banc of America Securities, shared in an award of $861 million from the Industrial Risk Insurers after their total investment of $386 million–a difference of $475 million.

That was a pretty good one.

That was a pretty good yield from a demolition whose obvious reality–a textbook example of controlled demolition–might reasonably have been raised by Industrial Risk Insurers.

That yield was topped by the demands and awards for Silverstein Properties after the explosive but equally obvious demolition of the Twin Towers.

Larry Silverstein, Lloyd Goldman and Westfield Malls’ owner Frank Lowy took possession of the Twin Towers and considerable other World Trade Center property from the Port Authority of New York and New Jersey seven weeks prior to 9/11/01. The Twin Towers were then about 30 years old and needed both asbestos-removal and state-of-the-art communications-systems that were together estimated to cost much over $1 billions. Silverstein and partners got a 99-year-lease for $3.2 billion (about $100 million per year), but had to commit less than $650 million to close the deal. They immediately increased insurance on the properties from $1.5 billion to $3.55 billion. According to a quoting of the British Financial Times in The American Reporter, the partners also got an unprecedented condition in their insurance-policy: they could walk away from their investment with $1.5 billion in their pockets if the properties were lost due ‘an act of terrorism.’

Pretty far-sighted clause, that one. Pretty good thinking by Silverstein Properties and partners.

Then came 9/11. Then came the amazingly accurate strikes by American Airlines 11 and United Airlines 175 to the South and North Towers respectively. Then came the Towers’ destruction and the mass murder of more than two thousand people. We may recur to Black Humor at this horror and note that destruction of the Twin Towers accomplished almost instant asbestos-removal, too.

Larry Silverstein and partners claimed that because their new properties had been struck twice–by two airliners–their award should be twice as much. This is like claiming that a house which has been destroyed by fire is worth twice as much as a loss because two fires started separately in the house. It’s nonsense, but … The partners sued their insurers for $7.1 billion.

In May of 2007–after more than five years of legal wrangling–New York State Governor Eliot Spitzer announced that seven insurance-companies had agreed to pay Silverstein and partners $2 billion more on top of the $2.55 already delivered as insurance-settlements for loss of the Twin Towers and their other 2001 WTC properties.

A total of $4.55 billion. Pretty good return on seven weeks’ investment–or nominal investment–because it’s hard to ascertain that the public, as represented by the Port Authority of New York and New Jersey, has ever received any benefit from funds transferred from Silverstein and partners to the Port Authority–after the public’s funds through the Port Authority built the World Trade Center in the first place, when Nelson Rockefeller was Governor of New York and David Rockefeller was Chairman of the Chase Manhattan Bank and the Downtown-Lower Manhattan Association.

The insurance pay-outs from demolition of the three World Trade Center Buildings is dwarfed by profits realized by giants in the insurance and re-insurance businesses since 9/11/01. The biggest of these are the American International Group (AIG) and holdings of Warren Buffet’s Berkshire Hathaway company, including General Reinsurance. Because these giants were able to raise premiums as much as 2000%, their revenues rose about 40% in the three years after 9/11. For the year 2004–before it dove into the global grand casino of “derivatives” and Credit Default Swaps et cetera–AIG reported a profit of $9.73 billion.

The giant insurance corporations also got great breaks from Congress post-9/11. Maurice Greenberg, then CEO of AIG, and his son Jeffrey, then CEO of Marsh & McClennan, an insurance-firm that lost 295 employees due to demolition of the South Tower, went to Congress less than two weeks after 9/11. The insurance industry came away with a new law, the Terrorism Risk Prevention  Act of 2002,  by which the public would absorb 90% of insurers’ losses up to $100 billion after a minor deductible of $5 or $50 million. The TRIA remains in effect under the Obama Ad.

The ‘Chief Prosecutor’s Record’ from the San Diego Citizens’ Grand Jury on the Crimes of September 11, 2001 in New York City in The World Is Turning has a great deal more about connections between Maurice Greenberg and Peter G. Peterson and David Rockefeller, for three prime suspects who are still Honorary Board Members of the Council on Foreign Relations.

in The World Is Turning has a great deal more about connections between Maurice Greenberg and Peter G. Peterson and David Rockefeller, for three prime suspects who are still Honorary Board Members of the Council on Foreign Relations. Detailed in that Record too are connections between Jerome Hauer of the Mayor’s Office of Emergency Management and Kroll, Incorporated and Michael Cherkasky of the Manhattan District Attorney’s Office and Kroll, Inc. and Marsh & McClennan, and L. Paul Bremer of the National Commission on Terrorism and Marsh & McClennan and the Coalition Provisional Authority for Iraq.

There are unending lines that lead to and from financiers’ empire, the most secretive, murderous and profitable empire in history.

Readers can see why Greenberg, Peterson, Rockefeller, Hauer, Cherkasky and Bremer and ten other fellows (including George W. Bush, Dick Cheney, Donald Rumsfeld, and Larry Silverstein) were deemed by the Citizens’ Grand Jury in San Diego to be worthy of further investigation for the ‘Charge of Conspiracy to Commit Mass Murder’.

6. TF: In your new book you also write that ‘another financier linked to major events of the 9/11/01 day, Warren Buffet, spoke to shareholders of the Berkshire Hathaway company that he heads’ and predicted that a nuclear attack against a U.S. city by terrorists was “virtually a certainty.”  You also wrote that “Berkshire Hathaway was a big financial winner after 9/11/01.”

How would you evaluate the way the Big Media and most Left alternative media cover the role that Warren Buffett has played in U.S. history in recent years?

6: DP: So far as I can tell, mass-media is generally fawning toward Warren Buffett, while almost all of what’s called Left media ignores the integral roles played by Warren Buffett and similarly mega-rich financiers in directing society.

Here’s something–also rather obscure–that readers may find interesting.

The World Is Turning relates that Warren Buffett hosted ‘a charity event’ that brought ‘a small group of business leaders’ to Offutt Air Force Base, nearby Omaha, Nebraska, on the morning of September 11, 2001. One of that ’small group’ was Anne Tatlock, CEO of Fiduciary Trust, a firm that lost 87 employees in the South Tower on 9/11/01. The full quote from the San Francisco Business Times of February 2, 2002 in The World Is Turning reads: ‘On the morning of Sept. 11, Tatlock herself had just arrived with a small group of business leaders at Offutt Air Force Base in Omaha, Nebraska for a charity event hosted by Warren Buffett. She then heard the news of the first plane hitting the World Trade Center’s north tower.’

Offutt Air Force Base is home to the United States’ Strategic Air Command Center, a 14,000-square-foot underground nexus that links directly to the National Military Command Center in Washington, DC. Offutt Air Force Base was where George W. Bush’s hopping wound up on the afternoon of 9/11/01. It and the SAAC might be expected to be among the safest locations in the nation on a day of terrorist attacks such as 9/11/01 turned out to be.

What was ‘a small group of business leaders’ doing there, a Military Base that surely must be among the United States’ most private, at what must been 6:30 on the morning of 9/11/01, cenbtral Daylight Time. American Airlines struck the North Tower at 8:46 a.m. Eastern Daylight Time. What were they doing there, at that hour, ‘for a charity event hosted by Warren Buffett’?

This is one question that might be answered by a full, independent investigation that had the backing of the U.S. Government and the power of subpoenas.

7.TF:  In your book you also note that ‘Warren Buffett was photographed with Arnold Schwarzenegger and Lord Jacob Rothschild at a meeting on Rothschild’s English estate of investors in Buffett’s NextJet Company’ on September 16, 2002 and you seem to emphasize the special influence that banking families like the Rothschilds have played in determining the direction of world history. What kind of information about the Rothschilds, the Rockefellers, the Federal Reserve Bank and the Big Banks do you think anti-war readers will find in your book that they wouldn’t generally find from just watching CNN and PBS or just listening to left alternative media radio shows like “Democracy Now!’?

7: DP: Well, to elaborate or repeat, Bob, The World Is Turning is meant to help readers identify Western society’s secret masters so that we can be rid of of them before their pathology turns almost all of us into robots, serfs or corpses. The book offers overviews of how  financiers have created and manipulated ‘the most murderous pretexts, deprivations and conflicts that have ravaged humanity’ over the past 300 years. They use, of course, their entire, interlocked apparatus of Guns, Oil, Drugs and Debt, the G.O.D.D. System that I began to talk about in 2004, but above all these financiers depend on their control of nations’ money-supplies.

I think that knowledge of how the public is defrauded by nations’ private Central Banks–such as the Federal Reserve System, the Bank of England, Bank of France, et cetera–is a fundamental part of the most crucial information that we can have now. I recall a Credit Manager for the Federal Reserve System’s regional Bank in Atlanta, Robert Hemphill, as quoted in The World Is Turning: ‘Someone has to borrow every dollar we have in circulation, cash or credit. If the Banks create ample synthetic money, we are prosperous; if not, we starve …  It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon.’

Hemphill wrote that in his Foreword to Irving Fisher’s 1935 book !00% Money. 1935 was of course in the middle of the Western world’s ‘Great Depression’, a period of engineered unemployment, deprivations, and social regimentation that culminated in World War II.

Both of the 20th century’s World Wars and many of the planet’s regional conflicts since the late 18th century reveal profitable involvement by the Rothschild family. The World Is Turning quotes E.C. Knuth’s The Empire of the City: ‘The fact that the House of Rothschild made its money in the great crashes of history and the great wars of history, the very periods when others lost their money, is beyond question.’

The World Is Turning highlights other facts about financiers’ control. In 1868 the annual income of James de Rothschild in Paris, France, $40 million, exceeded the total wealth of any family in the U.S. The latter half of the 19th century was the heyday of European financiers’ money-lending to U.S. industrialists such as John D. Rockefeller and the first famous J.P. Morgan. In 1905 the amount that Alphonse de Rothschild of France held in U.S. securities, $60 million, exceeded by $41 million the total amount in securities that the first famous J.P Morgan actually owned on his death in 1913. In 1917 Lords Victor and Lionel Walter Rothschild worked with their secret-society Committee of 300 fellows Lord Balfour and Lord Milner to work up the basis for the Jewish homeland of Israel in the new oil-wealth of the Middle East. In 1976 the U.S. House of Representatives’ Committee on Banking, Currency and Housing issued a Staff Report that’s titled ‘Federal Reserve Directors: A Study of Corporate and Banking Influence’. Charts drawn from this study trace the control of the leading U. S. Banks to families based in Europe. Lists drawn from this study show how a relatively few families connect to scores of Boards of the most massive and consequential Corporations. In 1976  Rockefellers’ then Chase Manhattan Corporation was interlocked to 54 other industries-topping Corporations!  Readers can see these charts and lists HERE

So … it can be no surprise that Corporations such as CNN and PBS–Corporations that are dependent upon systems of private money-lending as the method of sustaining national economies–that is, Corporations that are ultimately dependent upon the status quo of private Central Banks such as the Federal Reserve System, the Bank of England, Bank of France, Bank of Canada, …–completely fail to report the defrauding, life-sucking realities of these private Central Banks

So-called ‘Left’ media likewise ignores these most fundamental realities, for all of its fuss about scandals and crises. The volume of Project Censored that presents the ‘Top 25 Censored Stories of 2007-08′–years of bail-outs totaling more than $1 trillion!–has only one instance of misdeeds that involve the Federal Reserve System: the Fed’s shipping of $12 billion of bank notes to the Coalition Provisional Authority in Iraq (L. Paul Bremer) over one year between 2003 and 2004.

Then there’s the role of families’ and Corporations’ Foundations in exercising social control through their funding of media and other agencies of the ‘Left’ and ‘Right’ that are supposed to expose and combat inequities. Your Blog, Bob, is a terrific storehouse of information about how Foundations serve their funders with false fronts.

Still, at the end of the day, the good news remains that we can immediately change our state. We can reverse the holds that bettor/debtor commercial Banks–JP Morgan Chase, Citigroup, Goldman Sachs, Morgan Stanley, Barclay’s, Deustche Bank, …) have on the Western world’s public simply by opting out of them. We can repudiate the debts they supposedly hold on the public and assert the actuality that the U.S. public’s ‘bail-out’ of them already exceeds their total assets. We, the people, We Masses, should already own these Banks. We should certainly be able to overturn the Federal Reserve System.

The pieces that close the book–’Getting Rid of the Fed, Standing Up on Our Own’ and ‘Against the Theft of a Nation” Five Steps to Freedom and Solvency’ convey the straightforward measures that can be enacted to bring us out of debt-bondage and into a world of just and cooperative connections. They follow from the examples of  ‘Local Control and Organic Solutions’ in the brochure from Summer 2008. For a summary of one aspect, see ‘Can Organic Farming “Feed the World”?’ by Christos Vasilikiotis.

The bigger truth is that hundreds of millions of us around the world are changing our state. We’re throwing off our dependence on systems that exploit and defraud and actually kill us. We’re growing our own food. We’re using our own means of exchange. We’re extending our own networks of communication and aid. We’re subverting systems of Corporate control. A single group of credit-unions and cooperatives in Quebec is that Province’s largest financial institution and counts 10.5 million members. We’re both local and global in commitment to helping one another optimally develop.

And we are the overwhelming majority.  Once we raise up in ourselves the clarity, compassion and courage that are our gifts, and once we throw off the systems that have perverted and enslaved our possibilities, we can have unprecedented cooperation and prosperity across humankind and all species,, employing technology known and unknown.

A new world–of numberless localities and possibilities, growing together–indeed!

Final Installment NEXT SUNDAY, JUNE 21, 2009.

If you Have any Comments or Questions For Author Don Paul Please Write To: Editorial@puppetgov.com