Table Of Contents
$2.3 Trillion Missing
Are They Still Alive
The Big Short
Jimmy Digital Presents Above Top Secret
Copyright © 2014
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In this first installment of “Above Top Secret “
The Pentagons Missing Trillions.
The 9/11 highjackers what are they doing now!
The Big Short who benefited financially from the 9/11 attacks.
$2.3 Trillion Missing
On September 10, 2001, Secretary of Defense Donald Rumsfeld held a press conference to disclose that over $2,000,000,000,000 in Pentagon funds could not be accounted for. Rumsfeld stated: "According to some estimates we cannot track $2.3 trillion in transactions." According to a report by the Inspector General, the Pentagon cannot account for 25 percent of what it spends.
CBS Reports Pentagon Cannot Account for $2.3 Trillion
"'According to some estimates we cannot track $2.3 trillion in transactions,' Rumsfeld admitted. $2.3 trillion — that's $8,000 for every man, woman and child in America."
-- CBS, 1/29/02
The timing of this admission just one day before 9/11 kept this story from even making the news at the time. Even when it was finally reported months later, this revelation received very little coverage...
To understand how the Pentagon can lose track of trillions, consider the case of one military accountant who tried to find out what happened to a mere $300 million.
"We know it's gone. But we don't know what they spent it on," said Jim Minnery, Defense Finance and Accounting Service.
Minnery, a former Marine turned whistle-blower, is risking his job by speaking out for the first time about the millions he noticed were missing from one defense agency's balance sheets. Minnery tried to follow the money trail, even crisscrossing the country looking for records.
"The director looked at me and said 'Why do you care about this stuff?' It took me aback, you know? My supervisor asking me why I care about doing a good job," said Minnery.
He was reassigned and says officials then covered up the problem by just writing it off.
"They have to cover it up," he said. "That's where the corruption comes in. They have to cover up the fact that they can't do the job."
The Pentagon's Inspector General "partially substantiated"
The several of Minnery's allegations but could not prove officials tried "to manipulate the financial statements."
Twenty years ago, Department of Defense Analyst Franklin C. Spinney made headlines exposing what he calls the "accounting games." He's still there, and although he does not speak for the Pentagon, he believes the problem has gotten worse.
"Those numbers are pie in the sky. The books are cooked routinely year after year," he said.
Another critic of Pentagon waste, Retired Vice Admiral Jack Shanahan, commanded the Navy's 2nd Fleet the first time Donald Rumsfeld served as Defense Secretary, in 1976.
In his opinion, "With good financial oversight we could find $48 billion in loose change in that building, without having to hit the taxpayers."
The knowledge of Pentagon waste is nothing new from $100 nails to $500 dollar hammers the overcharging and price gouging is well documented.
But $2.3 trillion dollars is a lot of money to go un accounted for
and after Rumsfeld announcement there were a lot of questions that were going to have to be answered had not the events of the next day overshadowed all media reporting.
The Pentagon Attack
Pentagon Moments After The Attack
What would have been headline news for weeks was swept under the rug by the events of 9/11, could it have been to cover up the missing Trillions?
"The impact area included both the Navy operations center and the office complex of the National Guard and Army Reserve. It was also the end of the fiscal year and important budget information was in the damaged area."
-Arlington County After-Action Report
"Most of those killed in the office, called Resource Services Washington, were civilian accountants, bookkeepers and budget analysts. They were at their desks when American Airlines Flight
77 struck." - South Coast Today/Pittsburgh Post-Gazette (12/20/01).
One Army office in the Pentagon lost 34 of its 65 employees in the attack. Most of those killed in the office, called Resource Services Washington, were civilian accountants, bookkeepers and budget analysts. They were at their desks when American Airlines Flight 77 struck.The Comptroller of the Pentagon at the time of the attack was Dov Zakheim, who was appointed in May of 2001. Before becoming the Pentagon's money-manager, he was an executive at System Planning Corporation, a defense contractor specializing in electronic warfare technologies including remote-controlled aircraft systems. Zakheim is a member of the Project for a New American Century and participated in the creation of its 2000 position paper Rebuilding America's Defenses which called for "a New Pearl Harbor.
Image Of Pentagon Attack
Some of the most damning proof that the official governmet story of what happened to the Pentagon on 9/11 is inaccurate can be found in the photos taken right after the attack occurred.
This image tells a thousand words one notice that the grass in front of the building is still green and well kept.
There is also no apparent debri, such as parts of the crashed plane,luggage,wheels and human body parts.Other than the point of impact the surounding area is untouched.
Also note the hole in the Pentagon was originally the size of a window as shown in the picture below before the buildong collapsed.
CNN correspondent Jamie McIntyre reporting live from the Pentagon on 9/11 Qoute
“there's no evidence of a plane having crashed anywhere near the building”.
Notice the building is still for the most part intact and again observe the green grass.
Jet with all the wind velocity it would create crashing had occurred as the Govt states.
Graphic Simulating The Impact Of The Jet
The above graphic clearly shows that the hole in the Pentagon wall is in fact, too small, to have been made by a boeing 757.
The Pentagon After The Fire Was Put Out
What ever hit the Pentagon it was definetly not a Boeing 757.
As far as the missing trillions go years later government officials
The technology revolution has transformed organizations across the private sector, but not ours, not fully, not yet. We are, as they say, tangled in our anchor chain. Our financial systems are decades old. According to some estimates, we cannot track $2.3 trillion in transactions. We cannot share information from floor to floor in this building because it's stored on dozens of technological systems that are inaccessible or incompatible.
"we cannot track" does not mean that the money went missing. It means that their systems are so out of date and not compatible with each other that they can't track (by computer) transactions across departments. In order to do that, they would have to do it manually. The money is not missing, money went into the pentagon, and products and services came out.
What really happened to the money and what happened on 9/11
the world may never know.
Are They Still Alive
Reports That 7 Of The Highjackers Are Still Alive
If in fact any of the highjackers are still alive is almost impossible to answer. If in fact any the people above actually highjacked the planes have not been proven to this very day.
One of the most wildest stories regarding the highjackers came not from internet conspiracist but from our own government state department it seems even though the two planes crashing into the world trade centers were enough to collapse both buildings and completely disintergrate the planes. The FBI were still able to find one of the highjackers passport perfectly intact.
The Big Short
Massive Inside Trading Prior To 9/11
There many stories about people being aware before hand about what was to occur the morning of September 11 2001 from the story of the little Isreali boy that looked out of the window from his school and said those buildings wont be here tommorow to the CEO that was told not to come to work in the WTC the morning of 9/11.
The thing about those stories is that they were all impossible to prove.
Graph Of The Price Action On 9/11
Short sale in finance refers to:
The practice of selling securities or other financial instruments, with the intention of subsequently repurchasing them at a lower price.
In layman terms an investor sells stock he does not own in anticipation of of buying it at a lower price making a profit between the price he sold it for vs the price he bought it for after the sale.
Days after 911 George Bush's SEC Chairman Harvey Pitt, who was later forced to resign over his pathetic response to a series of corporate scandals, appeared on CNN to reveal a pattern of unusually heavy volumes of short selling of both airline and insurance stocks in the week prior to 911. Pitt vowed to track these trades down, speculating that al Qaeda may have been involved. It was the last time anyone in the Bush Administration mentioned it.
According to the Herzliyah International Policy Institute (http://www.ict.org.il/, Sept. 21, 2001) the shorting of these stocks emananated from Deustche Bank. An article in Barons corroborates this fact. American and United Airlines and the reinsurance giants who covered the WTC – Munich RE, Swiss RE and the French Axa – were specifically targeted. On September 10th – a day before the attacks – the put/call ratios on these stocks was unprecedented. A put is a futures option that bets on a stock’s decline, while a call is a futures option that bets that the stock will go up.
On September 10, 2001 at the Chicago Board Options Exchange there were 4,516 puts on American Airlines to only 748 calls. United Airlines was targeted for 4,744 puts as opposed to 396 calls. The numbers on the reinsurance companies were similarly lopsided. By far the biggest trader of the put options was Deutsche Bank Alex Brown – the US trading arm of Deutsche Bank – which bought traditional Eight Families’ wealth repository and largest Four Horsemen shareholder Banker’s Trust in 1999 to become the world’s largest bank with $882 billion in assets.
Although uniformly ignored by the mainstream U.S. media, there is abundant and clear evidence that a number of transactions in financial markets indicated specific (criminal) foreknowledge of the September 11 attacks on the World Trade Center and the Pentagon. In the case of at least one of these trades -- which has left a $2.5 million prize unclaimed -- the firm used to place the "put options" on United Airlines stock was, until 1998, managed by the man who is now in the number three Executive Director position at the Central Intelligence Agency. Until 1997 A.B. "Buzzy" Krongard had been Chairman of the investment bank A.B. Brown. A.B. Brown was acquired by Banker's Trust in 1997. Krongard then became, as part of the merger, Vice Chairman of Banker's Trust-AB Brown, one of 20 major U.S. banks named by Senator Carl Levin this year as being connected to money laundering. Krongard's last position at Banker's Trust (BT) was to oversee "private client relations". In this capacity he had direct hands-on relations with some of the wealthiest people in the world in a kind of specialized banking operation that has been identified by the U.S. Senate and other investigators as being closely connected to the laundering of drug money.
Krongard (re?) joined the CIA in 1998 as counsel to CIA Director George Tenet. He was promoted to CIA Executive Director by President Bush in March of this year. BT was acquired by Deutsche Bank in 1999. The combined firm is the single largest bank in Europe. And, as we shall see, Deutsche Bank played several key roles in events connected to the September 11 attacks.
THE SCOPE OF KNOWN INSIDER TRADING
Before looking further into these relationships it is necessary to look at the insider trading information that is being ignored by Reuters, The New York Times and other mass media. It is well documented that the CIA has long monitored such trades - in real time - as potential warnings of terrorist attacks and other economic moves contrary to U.S. Interests. Previous stories in FTW have specifically highlighted the use of Promis software to monitor such trades.
It is necessary to understand only two key financial terms to understand the significance of these trades, "selling short" and "put options".
"Selling Short" is the borrowing of stock, selling it at current market prices, but not being required to actually produce the stock for some time. If the stock falls precipitously after the short contract is entered, the seller can then fulfill the contract by buying the stock after the price has fallen and complete the contract at the pre-crash price. These contracts often have a window of as long as four months.
"Put Options" are contracts giving the buyer the option to sell stocks at a later date. Purchased at nominal prices of, for example, $1.00 per share, they are sold in blocks of 100 shares. If exercised, they give the holder the option of selling selected stocks at a future date at a price set when the contract is issued. Thus, for an investment of $10,000 it might be possible to tie up 10,000 shares of United or American Airlines at $100 per share, and the seller of the option is then obligated to buy them if the option is executed. If the stock has fallen to $50 when the contract matures, the holder of the option can purchase the shares for $50 and immediately sell them for $100 - regardless of where the market then stands. A call option is the reverse of a put option, which is, in effect, a derivatives bet that the stock price will go up.
A September 21 story by the Israeli Herzliyya International Policy Institute for Counter terrorism, entitled "Black Tuesday: The World's Largest Insider Trading Scam?" documented the following trades connected to the September 11 attacks:
Between September 6 and 7, the Chicago Board Options Exchange saw purchases of 4,744 put options on United Airlines, but only 396 call options. Assuming that 4,000 of the options were bought by people with advance knowledge of the imminent attacks, these "insiders" would have profited by almost $5 million.
- On September 10, 4,516 put options on American Airlines were bought on the Chicago exchange, compared to only 748 calls. Again, there was no news at that point to justify this imbalance; Again, assuming that 4,000 of these options trades represent "insiders", they would represent a gain of about $4 million.
- [The levels of put options purchased above were more than six times higher than normal.]
- No similar trading in other airlines occurred on the Chicago exchange in the days immediately preceding Black Tuesday.
Morgan Stanley Dean Witter & Co., which occupied 22 floors of the World Trade Center, saw 2,157 of its October $45 put options bought in the three trading days before Black Tuesday; this compares to an average of 27 contracts per day before September 6. Morgan Stanley's share price fell from $48.90 to $42.50 in the aftermath of the attacks. Assuming that 2,000 of these options contracts were bought based upon knowledge of the approaching attacks, their purchasers could have profited by at least $1.2 million.
Merrill Lynch & Co., which occupied 22 floors of the World Trade Center, saw 12,215 October $45 put options bought in the four trading days before the attacks; the previous average volume in those shares had been 252 contracts per day [a 1200% increase!]. When trading resumed, Merrill's shares fell from $46.88 to $41.50; assuming that 11,000 option contracts were bought by "insiders", their profit would have been about $5.5 million.
- European regulators are examining trades in Germany's Munich Re, Switzerland's Swiss Re, and AXA of France, all major reinsurers with exposure to the Black Tuesday disaster. [FTW Note: AXA also owns more than 25% of American Airlines stock making the attacks a "double whammy" for them.]
On September 29, 2001 - in a vital story that has gone unnoticed by the major media - the San Francisco Chronicle reported, "Investors have yet to collect more than $2.5 million in profits they made trading options in the stock of United Airlines before the Sept. 11, terrorist attacks, according to a source familiar with the trades and market data".
"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.
"October series options for UAL Corp. were purchased in highly unusual volumes three trading days before the terrorist attacks for a total outlay of $2,070; investors bought the option contracts, each representing 100 shares, for 90 cents each. [This represents 230,000 shares]. Those options are now selling at more than $12 each. There are still 2,313 so-called "put" options outstanding [valued at $2.77 million and representing 231,300 shares] according to the Options Clearinghouse Corp".
"The source familiar with the United trades identified Deutsche Bank Alex. Brown, the American investment banking arm of German giant Deutsche Bank, as the investment bank used to purchase at least some of these options" This was the operation managed by Krongard until as recently as 1998.
As reported in other news stories, Deutsche Bank was also the hub of insider trading activity connected to Munich Re. just before the attacks.
CIA, THE BANKS AND THE BROKERS
Understanding the interrelationships between CIA and the banking and brokerage world is critical to grasping the already frightening implications of the above revelations. Let's look at the history of CIA, Wall Street and the big banks by looking at some of the key players in CIA's history.
Clark Clifford - The National Security Act of 1947 was written by Clark Clifford, a Democratic Party powerhouse, former Secretary of Defense, and one-time advisor to President Harry Truman. In the 1980s, as Chairman of First American Bancshares, Clifford was instrumental in getting the corrupt CIA drug bank BCCI a license to operate on American shores. His profession: Wall Street lawyer and banker.
John Foster and Allen Dulles - These two brothers "designed" the CIA for Clifford. Both were active in intelligence operations during WW II. Allen Dulles was the U.S. Ambassador to Switzerland where he met frequently with Nazi leaders and looked after U.S. investments in Germany. John Foster went on to become Secretary of State under Dwight Eisenhower and Allen went on to serve as CIA Director under Eisenhower and was later fired by JFK. Their professions: partners in the most powerful - to this day - Wall Street law firm of Sullivan, Cromwell.
Bill Casey - Ronald Reagan's CIA Director and OSS veteran who served as chief wrangler during the Iran-Contra years was, under President Richard Nixon, Chairman of the Securities and Exchange Commission. His profession: Wall Street lawyer and stockbroker.
David Doherty - The current Vice President of the New York Stock Exchange for enforcement is the retired General Counsel of the Central Intelligence Agency.
George Herbert Walker Bush - President from 1989 to January 1993, also served as CIA Director for 13 months from 1976-7. He is now a paid consultant to the Carlyle Group, the 11th largest defense contractor in the nation, which also shares joint investments with the bin Laden family.
A.B. "Buzzy" Krongard - The current Executive Director of the Central Intelligence Agency is the former Chairman of the investment bank A.B. Brown and former Vice Chairman of Banker's Trust.
John Deutch -
This retired CIA Director from the Clinton Administration currently sits on the board at Citigroup, the nation's second largest bank, which has been repeatedly and overtly involved in the documented laundering of drug money. This includes Citigroup's 2001 purchase of a Mexican bank known to launder drug money, Banamex.
Nora Slatkin - This retired CIA Executive Director also sits on Citibank's board.
Maurice "Hank" Greenburg - The CEO of AIG insurance, manager of the third largest capital investment pool in the world, was floated as a possible CIA Director in 1995. FTW exposed Greenberg's and AIG's long connection to CIA drug trafficking and covert operations in a two-part series that was interrupted just prior to the attacks of September 11. AIG's stock has bounced back remarkably well since the attacks.
One wonders how much damning evidence is necessary to respond to what is now irrefutable proof that CIA knew about the attacks and did not stop them. Whatever our government is doing, whatever the CIA is doing, it is clearly NOT in the interests of the American people, especially those who died on September 11.
Here is what a Options floor trader had to say about the short trades.On this particular night the crowd looked promising. I introduced myself to two women there, and after a short while, one of the women told me she worked for the CBOE. The CBOE is the Chicago Board Options Exchange. It is the exchange that handles trading in, among other things, stock options. I half-jokingly asked her, "Whatever happened to the CBOE investigation of all the profits made by those who bought put options on airlines stocks before9-11?"
Her answered floored me. She said, "It probably would have been easy for us to find out who was behind the trades, but the government came in and told the CBOE president to stop the investigation."
Just to make sure I heard her right, I said to her, "The government came in and told the CBOE president not to investigate?"
She said,"Yeah,it was really strange."
The conversation changed for a minute, but I wanted to get back to the government not wanting an investigation. I said to her again, a third time, making sure I heard right, "The government didn't want you to investigate?" She looked at me said "Yes, that's right." Then she looked at me a little longer, she knew I had interest in this topic, she looked a little nervous and then blurted out to me, "We erased the data. Our data on the trades is gone."
Umpteen books written and 13 yrs later we are still no closer to the truth about what happened on September 11,2001 than we were September 12, of 2001.The Truth Is Out There!
Jimmy Digital Presents
Above Top Secret
Jimmy Digital Above Top Secret All Rights Reserved By James E Nance © 2014
Tag der Veröffentlichung: 29.01.2014
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