put options

Former Fed analyst questions M1 currency component spike prior to 9/11

Good detectives don't need to be reminded to "follow the money" when investigating a crime. However, according to Thomas Kean, the chairman of the 9/11 Commission, following the money trail in the many crimes committed in connection with the events of September 11th was "of little practical significance." For Kean, following the money in crimes that included the mass murder of over 3000 people in these united States alone was too much bother to pursue in that it only cost about $166 per murder. But, that only considers the possible cost of perpetrating the crimes and doesn't take the benefits into account?

'Cui Bono' is a latin phrase suggesting that a person or persons guilty of committing a crime might be found among those who stand to gain financially. The person(s) who benefit may not always be obvious. And, they may have cunningly created a scapegoat that successfully diverts attention elsewhere. So, where does the money trail for the events of 9/11 lead?

The Federal Reserve is the central banking system through which all financial transactions must flow. Anyone with a working knowledge of the history of the Federal Reserve System would agree that the Fed weilds enormous power. The Federal Reserve, along with other central banks in the world, have been implicated in fomenting and funding all of the major wars for the last one hundred years. Certainly, the Fed is powerful enough to exercise influence over the puny politicians comprising the 9/11 Commission and it's putrid executive director. The Fed easily possesses the power that would be required to keep incriminating information to their detriment from seeing the light of day. Should it come as any surprise then, that the Fed may very hold a master key to unlocking the truth about 9/11?

William Bergman worked at the Federal Reserve Bank of Chicago from July 1990 until early 2004 as an economist and senior analyst.

Bergman explains:

At the time I was also looking into and asking questions about currency flows. I thought these questions were worth pursuing, and was planning to raise them when I made the above-noted phone call to the Board of Governors. The currency component of M1 (Federal Reserve Notes circulating outside of banks) rose especially rapidly in July and August 2001. In fact, up to and including August 2001, that month (August 2001) was one of the three fastest growing months for the currency component of M1 since 1947, on a seasonally adjusted basis, even on the heels of significantly above-average growth in July 2001. Much of the July-August surge (over $5 billion above-average) seems to have been in the $100 denomination. Among other explanations, persons aware of any imminent terrorist attacks and concerned about possible asset seizures such as those that arose after the 1979 Iranian hostage crisis and the 1998 embassy bombings could have been trying to liquidate their bank accounts in July and August 2001. The money trail could provide important clues about people aware of, if not responsible for, the attacks. I looked at some internal data bearing on this issue that was available to anyone within the Federal Reserve’s internal computer network; after going back to look at this important data again a week or two later, it was no longer freely available, but password protected.

Full story:
Former Fed analyst questions M1 currency component spike prior to 9/11

http://www.muckrakerreport.com/id378.html

Occam's Razor shaves the $2.5 Million Question

Among the welter of 9-11 anomalies still begging for a plausible explanation, one stands out as a convincing entree for those who dismiss "conspiracy theory," and as a compelling lead for a new investigation: The $2.5 million reward for "put option" stock trading that remains unclaimed to this day (below, I apply Occam's infamous razor to solve this stubborn mystery).

The unusual stock betting that preceded 9-11 is well-known (for those unfamiliar, the details are cited at end of this article).

“The uncollected money raises suspicions that the investors – whose identities and nationalities have not been made public – had advance knowledge of the strikes...They don’t dare show up now. The suspension of trading for four days after the attacks made it impossible to cash-out quickly and claim the prize before investigators started looking."

Wall Street analysts tell us that peaks of put/call options are not that uncommon--there have been episodes in the past. True, but it is the significant disproportion between put and call options that is supposed to arouse the suspicion of Wall Street police--the SEC, FBI and CIA, which tracks such suspicious trading in real-time as a signal of possible insider trading or other criminal activity. Moreover, securities analysts in other countries have stated that these agencies have the capacity to identify the culprits--there is no unbreachable firewall here.

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