Project Hammer - Covert Finance
And The Parallel Economy
EXCERPT:
By David G. Guyatt © 2001
c/- NEXUS Office 55 Queens Road
East Grinstead, W. Sussex RH19 1BG United Kingdom

David Guyatt goldbug@goldbug99.freeserve.co.uk
David Guyatt www.deepblacklies.co.uk

Extracted from Nexus Magazine
Volume 9, Number 1 December-January 2002

The off-ledger trading programs operated by some central and international banks launder massive amounts of money and provide vast sums to fund covert 'black budget' projects.

Nuban Hand Bank scribd

Erle Cocke
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After his yearlong term as head of the nation's largest veterans' organization, he did consulting work for the Defense Department and liaison work with Gen. Douglas MacArthur. He also was a civilian aide to Secretary of State George C. Marshall and Defense Secretary Robert A. Lovett, among others. In 1959, he was appointed U.S. delegate to the U.N. General Assembly.

Mr. Cocke was a graduate of the University of Georgia and received a master's degree in business administration from Harvard University. In the 1950s, he worked for Delta Airlines and was one of its vice presidents in 1961 when President John F. Kennedy named him alternate executive director of the International Bank for Reconstruction and Development.

Mr. Cocke resigned from the bank in 1964 to pursue a congressional seat in a Georgia district that included Fort Benning and what was then the Warner Robins Air Force Base. He lost 1964 and 1966 races for that seat but remained active in national Democratic circles.

He spent the last three decades running an international management consulting and lobbying firm in Washington, Cocke & Phillips. His partner

Bobby Ray Inman wikipedia
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After retirement from the Navy, he was Chairman and Chief Executive Officer of the Microelectronics and Computer Technology Corporation (MCC) in Austin, Texas for four years and Chairman, President and Chief Executive Officer of Westmark Systems, Inc., a privately owned electronics industry holding company for three years. Admiral Inman also served as Chairman of the Federal Reserve Bank of Dallas from 1987 through 1990.

Edwin P. Wilson wikipedia
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Bobby Ray Inman
Born 4 April 1931 (1931-04-04) (age 79)

Bobby R. Inman (born 4 April 1931 in Rhonesboro, Texas) is a retired United States admiral who held several influential positions in the U.S. Intelligence community.

He served as Director of Naval Intelligence from September 1974 to July 1976, then moved to the Defense Intelligence Agency where he served as Vice Director until 1977. He next became the Director of the National Security Agency. Inman held this post until 1981. His last major position was as the Deputy Director of the Central Intelligence Agency, a post he held from February 12, 1981 to June 10, 1982.

Crimes Patriots true dirty money
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Kwitny, a Wall Street Journal reporter who now also conducts a very unorthodox TV-interview show, has become one of our most important investigative journalists. He is endlessly thorough, eminently fair but appropriately skeptical and writes with welcome touches of humor. His last book, Endless Enemies, remains the best-researched critical account of current U.S. foreign policy. This time his subject, loaded with topical significance in the wake of the Iran-contra scandal, is the Nugan Hand Bank, an Australia-based institution top-heavy with high-ranking retired U.S. military men and CIA operatives, which failed spectacularly in 1980, leaving one of its cofounders dead (whether by suicide or murder is still unclear) while the other vanished. With remarkable patience and industry, Kwitny has pieced together the whole sordid story, involving an institution clearly designed to facilitate the laundering and rapid movement of dubious money (much of it originating in arms deals and dope smuggling) around the Far East and even the Middle East. Lured by the big names on the masthead, many Australian and American citizens, including numbers of U.S. servicemen, were bilked out of their life savings when the bank failed and it was discovered that the entire edifice was largely a masterly exercise in shuffling paper; a few large and aggressive customers got paid, several officers got rich, most depositors lost everything. Australian investigators were either respectfully inclined to accept absurd explanations or the more energetic of them were stonewalled by American authorities. The bank's chief executive, retired U.S. Navy Adm. Earl Yates, having ducked Kwitny's attempts to interview him, is allowed to contribute his own rebuttal to the author's findings as an afterword. It suggests either an inconceivable degree of naivete on the part of such a senior officer or complete duplicity, and the flag-waving in which he indulges (his Nugan Hand associatesincluding names like William Colby, Guy Pauker and Gen. Edwin Blackare "the True Patriots," and Kwitny is merely serving "the interests of the Soviet Union") fails to impress. Much of the book was being written as the Iran-contra scandal began to unravel, but Kwitny is able to point up many fascinating correspondences, in both methods and personnel. One can only hope that in time he will turn his formidable talents to a book on that debacle.
Copyright 1987 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.

TF157
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Task Force 157 (TF-157)

In 1970, the United States Navy created Navy Task Force 157 (TF-157), a super-secret intelligence unit. Housed in Alexandra, Virginia, with a $5 million dollar budget, TF-157 was hidden behind ten cover companies. Initially, the unit was comprised of seventy-five operators, posted around the world. TF-157's mission was to keep tabs on Soviet shipping and naval capabilities. They used spy ships, pleasure yachts crammed with electronics gear, to watch over sensitive points such as the Strait of Gibraltar and the Panama Canal.

Other missions of TF-157 included assessing Soviet armaments for the Strategic Arms Limitation Talks (SALT), it helped to recover downed US and Soviet aircraft, or sunken ships, and it also reported that the Soviet Union shipped nuclear weapons to Egypt during the 1973 Arab-Israeli War. Task Force 157 provided secure communications for National Security Advisor Henry Kissinger when he made his first visit to China.

Although the unit provided exceptional results, due to its ability to acquire materials and personnel outside normal military channels, TF-157 went overboard with their spending. TF-157 was finished, when one of its contract employees, Edwin Wilson, got on the bad side of the unit commander, Donald Nielsen. Nielsen resented the fact that Wilson's interests seemed personal, rather than intelligence, and Wilson thought Nielsen would cancel the contract. Wilson then went to Admiral Bobby Ray Inman, the head of naval intelligence, and offered to create a new intelligence unit that he would command, and which would take over TF-157's responsibilities. Inman, who already disliked TF-157, got angry when he heard Wilson's proposal and dissolved TF-157, declaring that it was out of control. This similar episode would be repeated in many of the other covert intelligence units.

Information provided courtesy of Peter Tomich

Donald Mackay (anti-drugs campaigner) wikipedia
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Donald Mackay

Born Donald Bruce Mackay
13 September 1933(1933-09-13)
Griffith, New South Wales
Died 15 July 1977 (aged 43)
Known for Anti-drugs campaigning

Donald Bruce Mackay (13 September 1933 – 15 July 1977) was an Australian anti-drugs campaigner who came to fame in 1977 through the circumstances of his murder.

Mackay was born in Griffith and raised in Sydney. He and his family ran a local furniture business called Mackay's Furniture.

His wife Barbara (1935-2001) was an active member of the Uniting Church in Griffith and directed a great number of musicals for young children in Griffith, including Spindles and the Lamb and It's cool in the Furnace. Today, the Mackay family still has a property in Griffith. Donald Mackay's son, Paul, runs the family furniture store.

In 1974, Mackay stood as a Liberal Party candidate for the House of Representatives against Al Grassby. He also stood for political office in 1973 and 1976 but was never elected.

[edit] Missing person
Concerned about the growing drug trade in his local area, and learning of a large crop of marijuana in nearby Coleambally, Mackay informed Sydney drug squad detectives, resulting in several arrests and the conviction of four men of Italian descent.

At the trial of the arrested men, Mackay was identified as the whistleblower. An attempt was made to lure Mackay to Jerilderie by an unidentified man who wished to make a large order of furniture from Mackay's family business. Mackay, busy with other matters, sent an employee who travelled to Jerilderie to meet the man, who never arrived. This is believed[by whom?] to have been an attempt to assassinate Mackay.


Jonathan Kwitny wikipedia
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Jonathan Kwitny (23 March 1941, Indianapolis - 26 November 1998, New York) was a Jewish American writer and investigative journalist. He received the University of Missouri School of Journalism's honor medal for career achievement. His book jacket biographies record that his reporting forced J. Lynn Helms, chief of the Federal Aviation Administration, to resign, and dogged President Ronald Reagan's National Security Advisor Richard V. Allen for conflicts of interest

Mafia killing raises fears of drug war in rural Australia
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Nobory, apparently, saw anything, even though the murderer struck in daylight and there were several people working near by. Antonio Romeo, an Italian-born Australian, was shot in the back while pruning a peach tree on his family farm near Griffith, a small town in the far west of New South Wales.

Griffith is no ordinary country town. The quiet backwater has long been notorious as the centre of Australia's drugs trade and a stronghold of the Calabrian Mafia. Twenty-five years ago this month, an anti-drugs campaigner, Don Mackay, was gunned down in the car park of a Griffith public house. His body has never been found.

'Ndrangheta wikipedia
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The 'Ndrangheta (Italian pronunciation: [n̩ˈdraŋɡeta])[p] is a criminal organization in Italy, centered in Calabria. Despite not being as famous abroad as the Sicilian Cosa Nostra, and having been considered more rural compared to the Neapolitan Camorra and the Apulian Sacra Corona Unita, the 'Ndrangheta managed to become the most powerful crime syndicate of Italy in the late 1990s and early 2000s. While commonly lumped together with the Sicilian Mafia, the 'Ndrangheta operates independently from the Sicilians, though there is contact between the two due to the geographical closeness of Calabria and Sicily.

Fred Krahe wikipedia
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Frederick Claude "Fred" Krahe (6 November 1919 - 6 December 1981, Sydney, New South Wales) was a New South Wales police officer and detective.

Krahe is widely reputed to have been corrupt and is often referred to as having been one of the most feared New South Wales police officers of his day. He was a close associate of other allegedly corrupt New South Wales police officers, including the notorious detectives Ray "Gunner" Kelly, Don Fergusson, Roger Rogerson, and former New South Wales Police Commissioner Fred Hanson. He is alleged to have had a long-standing corrupt relationship with powerful criminal Lenny McPherson, who was known as the "Mr Big" of Sydney organised crime, also running with a notorious gang called the Toecutters. Members of the group included Kevin Gore, Wiliam Donnelly, Linus Driscoll, Frank "Baldy" Blair, Jake Maloney and John "Magician" Regan.