Investing in War • Center of Public Integrity #CarlyleGroup #iraq #afghanistan #911truth

Originally Published on November 18, 2004

Source: The Center for Public Integrity

A dozen companies in which Carlyle had a controlling interest netted more than $9.3 billion in contracts.

Overall, six private investment firms, including Carlyle, received nearly $14 billion in Pentagon deals between 1998 and 2003. (See related report, “The Sincerest Form of Flattery.”)

From its founding in 1987, the Carlyle Group has pioneered investing in the defense and national security markets, and through its takeover of companies with billions of dollars in defense contracts became one of the U.S. military’s top vendors, ranking among better known defense firms like Lockheed Martin, Boeing Co., Raytheon Co., Northrop Grumman and General Dynamics.

Unlike those firms, however, the Carlyle Group itself is not a manufacturer. It offers no services directly to the Pentagon, and has no defense contracts. Rather, it manages investments—some $18.4 billion from 600 individuals and entities in 55 countries, according to its Web site. The firm’s business is making money for these investors, the vast majority of whose identities are not disclosed to the Securities and Exchange Commission or other government bodies.

Though Carlyle itself has won no contracts, the companies it has owned or controlled have done billions of dollars worth of business with the Pentagon. The Carlyle unit that brought in the largest share—$5.8 billion—was United Defense Inc., which manufactures combat vehicles, artillery, naval guns, missile launchers and precision munitions. United Defense also owns the country’s largest non-nuclear ship repair, modernization, overhaul and conversion company, United States Marine Repair Inc. Its most famous product may well be the Bradley fighting vehicle. United Defense brought in more than 60 percent of Carlyle’s defense business.

Carlyle took United Defense public in 2001; by April 2004 it had sold all its shares in the company.

Lear Siegler Services, a leading contractor in aircraft logistics support, maintenance, pilot training and ground support, received contracts worth more than $1 billion. Carlyle sold the company in August 2002.

Southwest Marine Inc. also received contracts worth more than $1 billion since 1998, and Norfolk Shipbuilding & Drydock received contracts worth $827 million. In 1998, Carlyle merged these two companies into United States Marine Repair.

Vought Aircraft Industries, a large subcontractor doing work for military cargo planes, bombers, and fighters, received contracts worth $85 million. Vought is among the few defense contractors that the Carlyle Group has not sold.

Among other private equity firms, New York-based Veritas Capital Management firm that employs many former high-ranking military officials received Pentagon contracts to the tune of more than $2.2 billion. Veritas is the 41st ranked defense contractor.

Companies under the ownership of Vectura Holding Co., another New York-based group, got deals to the tune of $1 billion, while companies controlled by Berkshire Hathaway, led by billionaire investor Warren Buffett, won contracts worth $688 million. Companies owned by Green Equity Investors II LP ($275 million) and Gores Technology Group ($153 million) also received substantial defense money.

New market

Private equity firms did not have any significant presence in the defense industry until the end of the Cold War. Traditionally, the Defense Department depended on mega contractors such as Boeing Corp., Lockheed Martin and Raytheon for weapons and services. But since the 1990s, the military has increasingly outsourced to private contractors a variety of jobs and services, ranging from planning of operations to the supply of linguistic services. A U.S. government decision in the 1990s to encourage small-business participation in contracts also contributed to the expansion of the market for smaller, privately-owned companies.

The Carlyle Group acquired controlling interests in several underperforming defense contractors, installed its own management teams and revitalized the companies, in part by landing big Pentagon contracts. Then, they sold the contractors to other investors for a large profit.

“There have always been [private equities] that went in with management and bankrolled management,” said Stuart McCutchan, editor of Defense Mergers & Acquisitions. “What Carlyle has done differently is they have taken it to a new level both in terms of size and in terms of being committed to an entire sector.”

“Carlyle is the biggest single success in Washington of a venture capital firm,” Dr. Loren B. Thompson Jr., a national security expert at the libertarian Lexington Institute, said.

In 1997, for example, the group made a 650-percent profit when it sold BDM International Inc., a McLean, Va., defense contractor. And in December 2001, Carlyle sold off the majority of its holdings in United Defense Inc. Altogether, Carlyle earned $1 billion in profit from the United Defense investment.

A windfall of war

The group cashed out many of its investments when the stock of defense companies rose dramatically in the aftermath of September 11 and the buildups to the Afghanistan and Iraq wars.

“Defense properties are too expensive these days,” explained Carlyle spokesman Chris Ullman.

In 1997, Carlyle liked the price of United Defense, and beat out General Dynamics and Alliant Techsystems, which also coveted the underperforming artillery firm. General Dynamics bid more than Carlyle offered for the company, but potentially faced a lengthy, drawn out antitrust battle if it acquired United Defense. Carlyle ended up winning the bid.

Carlyle finally sold its stakes in United after taking it public in the aftermath of the September 11 attacks. The Washington Post called the hugely successful public offering “one of the most successful single venture investments of recent years.”

But United did not seem all that lucrative before September 11.

“They [Carlyle] were really kind of in a pickle with United Defense,” McCutchan said. “They wanted to cash out on the equity. There wasn’t much money to be made… When 9/11 happened and the defense budget took off, suddenly they had a winner on their hands.”

Even Carlyle, which typically does not disclose its financial and operational details, crowed over the sale.

“It was one of Carlyle’s best investments,” Carlyle’s Ullman told the Center. “We did make more than a billion dollars on that deal, and we are very pleased that we served our investors quite well.”

The reason Carlyle’s defense portfolio is lean at the moment is the high value of defense firms, thanks in part to the ongoing U.S. wars. “If there comes a time when defense properties are priced in a way that we think makes sense for private equity investors, then we will certainly consider investing more of our dollars in that sector,” Ullman told the Center.

Investment expertise

Carlyle has a diversified portfolio, focusing its investments in sectors that have heavy government regulation and contracting—defense, telecommunications and banking. Carlyle has matched its investments with the expertise of high ranking government officials, whom the firm has courted almost from its inception.

It was under the leadership of former Defense Secretary Frank Carlucci—first as a managing director, from 1989 to 1993, and as chairman from 1993 to 2003—that Carlyle grew from a small private equity to a global investment giant, and became a major player among defense contractors.

Other former government officials who have recent or current ties to the firm include former British Prime Minister John Major and former Philippines President Fidel Ramos; former Office of Management and Budget director Richard Darman; former Clinton chief of staff Thomas F. “Mack” McLarty; former Securities and Exchange Commission chairman Arthur Levitt and former Federal Communications Commission chairman William E. Kennard. Former Secretary of State James Baker works for the firm, as did his former boss, President George H.W. Bush, who was an adviser for the firm’s Asian investment funds until he left Carlyle in 2003.

Critics have long denounced Carlyle’s practice of recruiting former high-ranking government officials at the same time as it invests in companies regulated by their former agencies, dubbing it “access capitalism.” For example, Kennard, who served as Bill Clinton’s FCC chairman, is now managing director for Carlyle’s global telecommunications and media group, directing the firm’s business investments in companies he regulated.

“Carlyle would never have gotten to the level that it is at today had it not been for this premeditated commingling of business and politics,” said Dan Briody, author of The Iron Triangle: Inside the Secret World of the Carlyle Group, a book that takes a critical look at the rise of the firm.

One of Carlyle’s most controversial hirings was of former president Bush to serve as a senior adviser for its “Asia advisory board.”

“The fact that George H.W. Bush was working for them while his son was president, while his son, in fact, was dramatically increasing defense spending—that seems to me one of the most blatant conflicts of interests in history,” Briody said.

Bush—who joined Carlyle in 1998, before his son, George W. Bush, became president—ended his relationship with the firm in October 2003, Ullman told the Center. But that hasn’t stopped the former president from continuing to give speeches for Carlyle, which he did at a Shanghai event sponsored by the firm in April 2004.

Ullman refused to disclose the remuneration Bush received for his services. “That’s not information that we disclose,” he said. “That’s his personal business. You are certainly welcome to ask him.”

Bush’s office did not respond to the Center’s request for an interview. Written questions faxed to the former president’s Houston office, at an aide’s request, did not elicit any response.

Though none are placed as closely as the president’s father, Carlyle’s other Washington insiders have ties to current Bush administration officials. Current Defense Secretary Donald Rumsfeld and Carlucci went to college together, for example, and Secretary of State Colin Powell was Carlucci’s deputy on the National Security Council in the mid-1980s.

The continued presence of Baker and Carlucci riles critics such as Briody. “If you look at the relationship that Frank Carlucci still maintains with Don Rumsfeld and Colin Powell and the reach that he has to those folks—and he has in fact used that reach in the past and tried to influence decisions those folks were making, decisions that could directly or indirectly affect Carlyle’s fortune,” Briody said.

Carlyle dismisses the notion that Carlucci or any other former government or military leader on its payroll has any conflicts of interest. “Are you aware of any solicitations from [Carlucci] to Secretary Rumsfeld to ask for any particular benefits to United Defense or any of our other portfolio companies?” Ullman said. “All they [Carlyle critics] do is, they say: ‘Oh, Carlucci used to work in the government and he went to college with Donald Rumsfeld, and Carlyle has defense investments, and now Secretary Rumsfeld is secretary of defense. Therefore, there is a conflict of interest.’”

Despite Ullman’s assertions, media accounts have noted occasions when former government officials working for Carlyle have approached the Pentagon brass. For example, Fortune magazine reported in March 2002 that Carlucci had contacted at least two senior Pentagon officials, though Carlyle claimed these contacts did not constitute lobbying.

Ullman added that all former government officials working for Carlyle abide by “all of the conflict of interests rules related to lobbying former colleagues for a year.” He pointed out that the Pentagon had cancelled the Crusader artillery system, produced by United Defense, adding, “So if we are as powerful as everyone thinks, why did they cancel it?”

Rumsfeld announced in May 2002 the termination of the artillery system; until then, the Pentagon had paid United Defense some $2 billion to develop the Crusader.

Researcher Sheetal Doshi contributed to this report.

Sacred Destabilization • Part Five: Crypsis

By: Eric – August 24, 2022


Statue depicting Mary, with the radiance of the light, a pyramid and all-seeing eye behind it.

Globalism is pulverizing reality. Celebrate diversity; whilst knowing we are all the same, equal. Divorce is commonplace. Adultery is liberation. Whiteness is a plague. Food, housing and transportation rise astronomically in cost – wages stagnate. Degeneracy is ever present in arts and entertainment. They desire to pull the plug on gender. This is full throttle Marxism – on all four compass points – deconstruction of the patriarchal dynamic which built Western Civilization.


Sparks, Points of Light, Fire

The Shattered God has left his sparks across the expanse of the universe. In preparing these blog entries I have read through many books, publications, academic papers as well as simply visiting websites, watching various videos. Many of the esoteric movements make reference to sparks, fire, light. One may even question the aspect of Lucifer. The Morning Star. Whether there are LARP-esque movements such as the Church of Satan, The Satanic Temple…these movements have their own infighting, spectacles, performative rituals. These I have not given credence to.

I do give credence to this speech by alleged-Freemason, former Director of the CIA, member of the Skull & Bones society at Yale, former President of the United States, George HW Bush – where he uses the words “New World Order,” “Illumination” and “thousand points of light” quite succinctly.

“Points of Light” was a campaign slogan of the Bush 1988 campaign.

Those words were targeted at the initiated. In the coming posts on this Sacred Destabilization, we will revisit the House of Bush at length.

In 1788, the Freemasons George Washington and Alexander Hamilton both used the words “points of light.” Alice Bailey [in her 1957 book “The Externalization of the Hierarchy”] described the points of light as the leaders of the occult group called the New Group of World Servers. Bailey believed that the points of light and light groups were necessary in building up the New Age.

Freemasons, with ritualistic masonic craft loaded with Kabbalistic features, associated with The Luciferin Doctrine, speak of these points of light.

However, it is important to point out, the core Kabbalah text, the Zohar, is the book of Radiance, or Illumination.


The “Second Coming”: Jacob Frank

In the first four parts we have discussed Sabbati Zevi, the Kabbalistic rabbi who both proclaimed to be the Jewish Messiah and was accepted as such by the majority of known world Jewry circa 1666. From him, spawned the Sabbatean way.

By no means did it pass upon Zevi’s passing. Sabbatean belief via Kabbalah interpretation is that God is broken into pieces. The only way God can be restored whole, is to go against the entire sanctity of the Old Testament.

Born into a family of Sabbateans—followers of Sabbatai Zevi—in the modern-day Ukraine, Frank traveled as a merchant to the Ottoman Empire, where he became acquainted with radical Sabbateans in Smyrna and Salonica.

Jacob Frank declared himself to be the reincarnation of Sabbatai Zevi and took those ideas to an even more extreme level. In order for God to be fully repaired and for the Messianic Era to arrive, mankind must destroy all of its traditional moral values and go beyond good and evil. The Frankists, as they were called, engaged in every horrible thing you could imagine: black magic, wife-swapping, sex orgies, homosexuality, incest, pedophilia, and promoted a form of proto-feminism and proto-communism.

Frank was most certainly as influential as Zevi, yet, even more profane and degenerate in his policies. According to Frank, the sexual prohibitions found in the Old Testament – and the New Testament – were now sins themselves.

Frank stated that sexual debauchery was the means for purifying the soul from sin. He also converted to Christianity and coerced thousands of his supporters to do the same – to infiltrate that faith. To corrupt that faith. Truly crypsis – this is a biological phenom known as crypsis. For this “sacred, Kabbalistic, redeeming” form of Judaism to survive and thrive – penetrating the Christian West was priority.

[Dear reader, the following parts will include the French Revolution, Left/Right political origins, capitalist sponsors of communist revolutionaries, Marxism, Critical Theory – this was a portion I felt to state upfront – we are getting there – this is a journey, I am not a journalist, however I am an astute reader, a radical consumer of history and books, I do a blog, I have much to share – thank you for reading!!!]

Forces Of Nature Prevail (in real time) #2

Electricity has been restored where I am located. However, the ISP is still down and therefore have no WiFi connection. Many roads and secondary highways are still blocked off, due to trees/large branches/downed telephone polls/etc..

Even still now, my mobile carrier is not functioning properly. Service dodgy – in and out. I am on a coastal town which seem to have gotten the worse of it (in greater Boston area)…

Blogs I read on the regular, due to this limited internet connectivity, have taken a long time loading, when they load at all.

Will be a quiet night…spending time re-reading a book from 20 years prior: “House of Bush, House of Saud”…it’s a deep investigation into the ties between these two families, furthermore, into the business transactions conducted between the two, if I recall correctly going back to Prescott Bush, the grandfather of POTUS #43.

Everyone have a great night!🙋⚡⚡⚔️🙂

The Poisonous Spread of “Democracy” in the age of the newly defangled NEW WORLD ORDER – and the rising from the ashes of a New World Order once again.

The NWO as seen in 1990 died in 2020. The idea of a New World Order we lost alot, and worse here in America complete loss of trust in any government/media/bullshit narrative:

• The sensational attack on Iraq (which had legitimate beef with Kuwait). This was done under the guise of liberating Kuwait – when in fact this was done to entrench US Military assets permanently in Saudi Arabia, Kuwait, Qatar, Jordan and Israel….at the behest of the wishes of the Zionist agenda for a Greater Israel Project.

• Waco – documented on the film “Waco – A New Revelation” , this is the most powerful expose of what really happened at the beginning of the standoff with a 4 hour gun battle raging between Waco compound Christians vs. ATF, DEA, FBI, State Police agents armed to the teeth for a blood bath. And how the fuckery intertwines with Texas State Government, the Clinton Administration…and how Delta Force (a shadow black ops force) officially ended the standoff providing military grade ammunition rounds, flame accelerants and tactical and logistical support. If you watch the documentary, there are dozens of former ATF, DEA, FBI, CIA, local Waco police, Texas State Police members (mostly former members) testify to the truth – Waco was a GAY-OP.

•Y2K… this was such a scam. Look at the power vacuum quickly usurped by this explosion in “security software” which actually created bloatware/spyware/adware/viruses/worms/trojan horses etc to make their bullshit software seem effective. Anyone that understands TCP/IP protocols and FTP/SSH/SSL and a bulk of these network telecommunications standards know that a PHYSICAL FIREWALL that manages layers of administrative access is the best way to reduce “h4XX0rz” ….

•The tech “dot com” stock bubble and Lead Zeppelin like crash. Financial analysts, advisors and planners as well as brokers etc had violated their FIDUCIARY DUTY to the PUBLIC TRUST by pushing fictious asset bubbles that were stocks trading at 247 times earnings – because they weren’t earning anything. Pets.com at one point was trading at like $400 share. All it was – was a domain. In the realms of private equity and venture capital this type of scenario is commonplace. That is, a business entity lacking actual business operations as well as any type of Immediate plan to launch an operation….pure SPECULATION AND MOMENTUM KILLED THE INVESTMENT MARKETS. Now 82 yo retired truckers in Nevada as well as 22 yo college students in Boston could electronically place stock trades – purely riding speculation and momentum. Very few people understood “day trading” The value of a capital investment – in financial/economic fundamental terms proper means “the net present value of future discounted cash flows.” These principals of the markets died with momentum and speculation based trading and hence the big tech dot com bubble crash in March 2000. With people having $500 in the bank yet they have leveraged 4x the amount of shares in Lucent Technologies, never realized any of the unrealized gains they had for they figured the boom times would last forever…and ended up in bankruptcy.

•Enron accounting fraud in collusion with their auditors Arthur Anderson CPA. Enron was bigger than Exxon Mobil – on paper. But their auditor (the auditor acts as a detective of the reasonableness and completeness of stated balance sheet account items as well as the yearly statement of operations aka income statement. It was quite obvious that AA, CPA was breaking their duty to the public trust and were entangled in the greatest financial conflict of interest of the new millennium as they were AIDING AND ABETTING the financial scheme which allowed Enron to bury losses through off balance sheet “variable interest entities”. These entities however would obtain millions even billions in funding. And Enron had tens of thousands of them. And they would take the monies that technically, in accounting terms, were loans or the fancy term “corporate debentures”. Therefore these monies should have been reported as LIABILITIES/DEBT. Instead the influx of the cash was recorded as REVENUE. Enron was the largest entity in market cap of all the energy companies circa 2000, battling with rivals Exxon Mobil and Gazprol. Enron even tricked their entire workforce to sink 100% of all of their retirement assets into Enron ESOP and Preferred Stock and Common Stock acquisitions. This was malicious in intent, made two years before the Enron collapse, which was a decade in the making. And those tens of thousands of ordinary working class people were left penniless in terms of retirement funds and had no where to turn. And the SEC, the regulatory body that is supposed to monitor such related party and offshore and off balance sheet events and transactions – dropped the fucking ball! Who got punished? A small handful of Enron executives , some of which took their own lives prior to facing the judgement of the court of law. This was the biggest erasure of net worth revolving around a SINGLE FUCKING BUSINESS. EVER. The impact on the prudence and viability and reliability and the skeptics new eye of the actual financial health and reality of publicly traded companies entered a new phase for fear. Let’s couple this with similar schemes at Tyco, WorldCom, there are many others.

• Then the planes hit the buildings. Men like Alex Jones who were laughed off as koooks and fear mongering desperados trying to make a buck saw this coming for years. Infact, there were multiple streams and live call in shows Alex Jones and Infowars (pre-Super Male Vitality horseshit days) from May 2001- August 2001 where Jones stated as clear as the night is day that “an attack is going to happen on the United States soil, a terrorist attack, to help usher in a police and welfare state as part of the NWO’s master plan for power over the people of the free world. Yeah, there were “radicalized Islamic Jihadists” that boarded those planes convinced they were on a holy mission. And for them, it very well was. However, the state’s official narrative that 19 men circled the globe and circumvented investigation and then successfully hijacked 4 large jumbo jets and crashed them into targets – this is only the Jihadists version. Perhaps aware, perhaps not, this was allowed to happen. The Israeli mossad agents dancing and lighting lighters and taking pictures admitted on a November nightly TV show in Israel that they were there to “document the event”. Ryan Dawson has done absolutely amazing work laying out in mind-blowing, explicit details and I highly suggest checking out his work for you to see the inner workings of the powers behind the 9/11 attack. Another thing, a man named Lyndon Larouche, a politician (Third Positionist) wanted to enter the Senate and begin to point out the major fuckery of our wages/prices disparity, over-aggressive appreciation in property values in record minimum time, he spoke about the Secret Police state, how no citizen is safe and how a Zionist cabal of international central banks was working to ultimately destroy the freedoms of the constitution. In January of 2001 – HE PREDICTED THE ATTACKS, THE NARRATIVE, THE RETALIATION AGAINST AFGANISTAN TALIBAN FOR HOUSING AL QAUDA – and finally how this would be the carrying out of Bill Kristol’s PNAC white paper – written in 1998. And Larouche got thrown into an investigation of filing inaccurate tax returns that landed him in federal felony territory. I myself have been a CPA since 2006 and I know the severity of the charges he faced – where to destroy his political career – for any ordinary tax payer may have made the same mistakes – it’s a 95% chance they would simply be mandated by the IRS to amend their returns. The fuckery of FREEDOM!




• AFGANISTAN war. Very ironic. For in 1979, THE US CIA, STATE DEPARTMENT, the Israeli Mossad, the British MI-6 and other glow in the dark CIA ninjas created the Mujahideen – Islamic Jihadists, mostly mercenaries that were not from Afganistan – they were armed to fight “Capitalism’s proxy war” against the USSR.

They were supplied with liquidity, weapons, training, logistics, food, medical supplies, tactical training. And one of the main assets of the Mujahideen was one Tim Osman. Aka Osama Bin-Laden. The book House of Bush, House of Saud does an excellent job of illustrating in detail the emergence of an alliance between the Bush family and it’s consortium of close ties, with both the Royal Saudi Family as well as the Bin-Laden dynasty – a very large electricity and commercial hardware powerhouse in the Middle East and surrounding areas (think General Electric, Honeywell sized – also think monopoly).

As the Afganistani native forces with heavy support from this Mujahideen apparatus never allowed the Soviets to take control of Afganistan and after a decades long campaign of guerilla warfare, the Mujahideen prevailed. Soon there after , with 2 years, the USSR fell.

The remnants of the Mujahideen were not that. No remnants. This was now a unique Pro-Islamic, Pro-protect vital resources, Anti-privatization, Anti-deregulation, Anti-Western value system, Anti-foreign intervention league of HOLY WARRIORS. And a generation went by (1989-1998) when the Mujahideen morphed and created new alliances, Sunni and Shiite alike, with Hamas, Hezbollah, Al-Nusra…there are many thousands of small factions over history the Mujahideen – renamed “Al-Queda” upon the day of the planes hitting the buildings in NYC and DC. Al-Queda simply means “the base” in Arabic.

What transpired was these Holy Warriors had a new enemy of oppression, new enemies and ideals intertwined with DEMOCRACY. 1. The aggressive actions of the Zionist ethnostate against Palestinian people, land and rights. 2. Companies like the now defunct Enron, also Chevron, Exxon Mobil, BP, etc absolutely ignoring the sovereignty of these Arabic nations and frankly coercing Arabic governments into taking loans from the International Monetary Fund that were destined to default. And default they did. And from Morocco to Libya to Tunisia to Lebanon to Afganistan – mega fossil fuel conglomerates were pillaging fossil fuels from the region. Amongst many more human atrocities never discussed under the banner of American Exceptionalism.

And US military assets became the police of the world for one key reason – to enforce the viability of the Petrodollar. Plainly stated, say the UN recognized 200 sovereign nations. Some 175 of them were REQUIRED to be in PHYSICAL POSSESSION of the DOLLAR to purchase Brent and Crude market oil.

The Afganistan war was tied into this. Also, the opportunity to seize control of 90% of the world’s poppy supply (used for oxycodone, heroin, etc). 20 years since 2001 we are still there…and for what? For the struggle of the precious resources – poppy – and pipelines.

• 2003, the Iraq war, marked the official downfall of America as the “do no wrong” world superpower. They wanted this war against Saddam Hussein and this had nothing to do with “SPREADING DEMOCRACY”.

  • Opiate crisis
  • 2000 election/supreme Court
  • Housing, food, transport costs rise
  • Tech, toys, distractions , porn free
  • Sexual revolution in the 20 yrs
  • Hope and change – Obama
  • Financial crisis 2007-08
  • APPLE, GOOGLE, MICROSOFT, FACEBOOK, AMAZON – monopolies that stifle innovation, crush ordinary people, run on tax funded telegram taxes, public utility, public square, censorship
  • Trump – the candidate vs the president
  • COVID -19 – the end and the beginning.