Rebekah Roth retired air steward has been talking these many months about 911.
She brings it all together and this interview with Bill Ryan is supurb; it's all here after many years of extensive research!
Who are the most likely involved and what happened to the people on the planes!
Few will be the same after listening to this audio mp3.
Kewe
911 who did it and how!
Rebekah Roth talks to Bill Ryan
download mp3 — spread it around
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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. 2001
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.]
Architects & Engineers for 9/11 Truth.

911 Controlled Demolition - World Trade Center Twin Towers - Sudden onset of destruction.

World Trade Center - Twin Towers - The Myth Unravels.

Image: ae911truth.org
Rather than a slow groaning collapse that we might anticipate, the Twin Towers show in the videos a very rapid sudden onset of destruction.
What does this imply?
911 Controlled Demolition - World Trade Center Twin Towers - Sudden onset of destruction.

Frank Cullinan, P.E. Civil Engineer - I am Frank Cullinan, practicing civil engineer in the state of California.  I have a Bachelor of Science at State that I received in 1988.

I have been a licensed engineer since 1983.

I specialize in bridge construction, retaining wall construction, small building construction, bridge demolition.  I have experience in bridge design and building design.

Structural steel is required by building and design code to prevent catastrophic failure and loss of public life.

Image: ae911truth.org
I am Frank Cullinan, practicing civil engineer in the state of California.   I have a Bachelor of Science at State that I received in 1988.
I have been a licensed engineer since 1983.
I specialize in bridge construction, retaining wall construction, small building construction, bridge demolition.
I have experience in bridge design and building design.
911 Controlled Demolition - World Trade Center Twin Towers - Sudden onset of destruction.

Frank Cullinan, P.E. Civil Engineer:  Structural steel is required by building and design code to prevent catastrophic failure and loss of public life.

Everybody has seen the Twin Towers building collapses on 9/11.  

It was shocking how fast the Twin Towers buildings collapsed.

Image: ae911truth.org
Frank Cullinan:  Structural steel is required by building and design code to prevent catastrophic failure and loss of public life.
Everybody has seen the building collapses on 9/11.
It was shocking how fast the buildings collapsed.
911 Controlled Demolition - World Trade Center Twin Towers - Sudden onset of destruction.

Structural steel is required by building and design code to prevent catastrophic failure and loss of public life.

Everybody has seen the Twin Towers building collapses on 9/11.  

It was shocking how fast the Twin Towers buildings collapsed.

Image: ae911truth.org
Daniel Barnum — FAIA — High-Rise Architect:
The way the building fell was not indicative of the way a building that is in distress collapses.
911 Controlled Demolition - World Trade Center Twin Towers - Sudden onset of destruction.

The way World Trade Center Twin Towers buildings fell was not indicative of the way a building that is in distress collapses.

This doesn't happen with structural steel buildings and never has and never will again.

2,606 people lost their lives in the World Trade Center buildings on September 11, 2001.

125 people lost their lives at the Pentagon.

246 people lost their lives on the four planes.

Image: ae911truth.org
William Rice — P.E. — Civil Engineer Professor retired:
This doesn't happen with structural steel buildings and never has and never will again.
911 Controlled Demolition - World Trade Center Twin Towers - Sudden onset of destruction.

The way World Trade Center Twin Towers buildings fell was not indicative of the way a building that is in distress collapses.

This doesn't happen with structural steel buildings and never has and never will again.

Image: ae911truth.org
William Rice:  We assume that fires could destroy a building.
Why people select steel buildings is because they destroy slowly.
It would gradually twist and bend and give people plenty of time in safety in getting out of the building.
911 Controlled Demolition - World Trade Center Twin Towers - Sudden onset of destruction.

William Rice, P.E. Civil Engineer Professor retired: We assume that fires could destroy a building.  Why people select steel buildings is because they destroy slowly.  It would gradually twist and bend and give people plenty of time in safety in getting out of the building

2,606 people lost their lives in the World Trade Center buildings on September 11, 2001.

125 people lost their lives at the Pentagon.

246 people lost their lives on the four planes.

Image: ae911truth.org
Steven Dusterwald — P.E. — Structural Engineer:
The basic philosophy of the building code in the last seventy-five to eighty years has been to ensure structural failure of the members provide for the public safety.
911 Controlled Demolition - World Trade Center Twin Towers - Sudden onset of destruction.

Steven Dusterwald — P.E. Structural Engineer:  The basic philosophy of the building code in the last seventy-five to eighty years has been to ensure structural failure of the members provide for the public safety.

Under this philosophy, members that are overloaded will deform elastically, within the elastic range of the material, with increasingly large deformations in the deflections.

2,606 people lost their lives in the World Trade Center buildings on September 11, 2001.

125 people lost their lives at the Pentagon.

246 people lost their lives on the four planes.

Image: ae911truth.org
Steven Dusterwald:  Under this philosophy, members that are overloaded will deform elastically, within the elastic range of the material, with increasingly large deformations in the deflections.
911 Controlled Demolition - World Trade Center Twin Towers - Sudden onset of destruction.

Steven Dusterwald — P.E. Structural Engineer:  Members that are overloaded will deform elastically, within the elastic range of the material, with increasingly large deformations in the deflections.

This gives rise to increasingly large deformations that are visible and apparent to the occupants of the structure.  This gives them time to evacuate the structure.

2,606 people lost their lives in the World Trade Center buildings on September 11, 2001.

125 people lost their lives at the Pentagon.

246 people lost their lives on the four planes.

Image: ae911truth.org
Steven Dusterwald:  This gives rise to increasingly large deformations that are visible and apparent to the occupants of the structure.
This gives them time to evacuate the structure.
911 Controlled Demolition - World Trade Center Twin Towers - Sudden onset of destruction.

Leslie Young, High-Rise Architect:  I would not have expected the whole building to just give in at once.

I thought it odd that they fell almost perfectly, in very similar ways.  It seemed odd that lightning would strike twice.

2,606 people lost their lives in the World Trade Center buildings on September 11, 2001.

125 people lost their lives at the Pentagon.

246 people lost their lives on the four planes.

Image: ae911truth.org
Leslie Young — High-Rise Architect:
I would not have expected the whole building to just give in at once.
I thought it odd that they fell almost perfectly, in very similar ways.
It seemed odd that lightning would strike twice.
911 Controlled Demolition - World Trade Center Twin Towers - Sudden onset of destruction.

Casey Pfieffer - S.E Structural Engineer: After the review of the videos of the Towers destruction in 9/11 for Truth DVD, I was surprised to see the upper floors of the north Tower, the upper fifteen floors of the north Tower, implode prior to any destruction of the Tower below.

Because it would be logical that as a result of the plane crash that the upper fifteen floors would start to damage the floors below, not the floors above.

2,606 people lost their lives in the World Trade Center buildings on September 11, 2001.

125 people lost their lives at the Pentagon.

246 people lost their lives on the four planes.

Image: ae911truth.org
Casey Pfieffer — S.E Structural Engineer:
After the review of the videos of the Towers destruction in 9/11 for Truth DVD, I was surprised to see the upper floors of the north Tower, the upper fifteen floors of the north Tower, implode prior to any destruction of the Tower below.
Because it would be logical that as a result of the plane crash that the upper fifteen floors would start to damage the floors below, not the floors above.
911 Controlled Demolition - World Trade Center Twin Towers - Sudden onset of destruction.

Casey Pfieffer - S.E Structural Engineer: After the review of the videos of the Towers destruction in 9/11 for Truth DVD, I was surprised to see the upper floors of the north Tower, the upper fifteen floors of the north Tower, implode prior to any destruction of the Tower below.

Because it would be logical that as a result of the plane crash that the upper fifteen floors would start to damage the floors below, not the floors above.

2,606 people lost their lives in the World Trade Center buildings on September 11, 2001.

125 people lost their lives at the Pentagon.

246 people lost their lives on the four planes.

Image: ae911truth.org
William Rice — P.E. Civil Engineer Professor retired:
It would certainly stay within the damage zone.
It would not drop down through 80 thousand tons of insulated undamaged structural steel, and do it in twelve seconds.
911 Controlled Demolition - World Trade Center Twin Towers - Sudden onset of destruction.

William Rice - P.E. Civil Engineer Professor retired:  It would certainly stay within the damage zone.  It would not drop down through 80 thousand tons of insulated undamaged structural steel, and do it in twelve seconds.

2,606 people lost their lives in the World Trade Center buildings on September 11, 2001.

125 people lost their lives at the Pentagon.

246 people lost their lives on the four planes.

Image: ae911truth.org
Anthony Szamboti — B.S.M.E Mechanical Engineer:
I discussed the NIST claim that the upper section of each of the Towers crush the lower section.
When you watch the video closely in the case of World Trade Center 1, you will see that the upper section disintegrate itself.
911 Controlled Demolition - World Trade Center Twin Towers - Sudden onset of destruction.

Anthony Szamboti, B.S.M.E Mechanical Engineer:  I discussed the NIST claim that the upper section of each of the Towers crush the lower section.

When you watch the video closely in the case of World Trade Center 1, you will see that the upper section disintegrate itself.

2,606 people lost their lives in the World Trade Center buildings on September 11, 2001.

125 people lost their lives at the Pentagon.

246 people lost their lives on the four planes.

Image: ae911truth.org
Anthony Szamboti:
Its lower stories are breaking up before it even impacts the lower section.
It appears to be a controlled demolition of its own, of the upper section.
911 Controlled Demolition - World Trade Center Twin Towers - Sudden onset of destruction.

Anthony Szamboti, B.S.M.E Mechanical Engineer:  When you watch the video closely in the case of World Trade Center 1, you will see that the upper section disintegrate itself.

Its lower stories are breaking up before it even impacts the lower section.

It appears to be a controlled demolition of its own, of the upper section.

2,606 people lost their lives in the World Trade Center buildings on September 11, 2001.

125 people lost their lives at the Pentagon.

246 people lost their lives on the four planes.

Image: ae911truth.org
Daniel Barnum — FAIA — High-Rise Architect:
The tops of the buildings were basically disintegrated.
911 Controlled Demolition - World Trade Center Twin Towers - Sudden onset of destruction.

Anthony Szamboti, B.S.M.E Mechanical Engineer:  When you watch the video closely in the case of World Trade Center 1, you will see that the upper section disintegrate itself.

It appears to be a controlled demolition of its own, of the upper section.

Daniel Barnum, FAIA, High-Rise Architect:  The tops of the buildings were basically disintegrated.

2,606 people lost their lives in the World Trade Center buildings on September 11, 2001.

125 people lost their lives at the Pentagon.

246 people lost their lives on the four planes.

Image: ae911truth.org
David Chandler — M.S. B.S. — Physics M.A. Education, M.S. Mathematics:
The top section pushing on the bottom section its going to meet equal forces as it goes.
Both sections are going to be demolished at the same rate.
911 Controlled Demolition - World Trade Center Twin Towers - Sudden onset of destruction.

David Chandler - M.S. B.S. - Physics M.A. Education, M.S. Mathematics:

The top section pushing on the bottom section its going to meet equal forces as it goes.

Both sections are going to be demolished at the same rate.

So by the time you've crushed up fifteen stories below it, the top fifteen stories are also going to be crushed.

There is nothing left now to crush the rest of the building.

So there are so many paradoxes here.

A little tiny chunk of the building cannot possibly fall and crush the entire structure below it.

2,606 people lost their lives in the World Trade Center buildings on September 11, 2001.

125 people lost their lives at the Pentagon.

246 people lost their lives on the four planes.

Image: ae911truth.org
David Chandler:
So by the time you've crushed up fifteen stories below it, the top fifteen stories are also going to be crushed.
There is nothing left now to crush the rest of the building.
So there are so many paradoxes here.
A little tiny chunk of the building cannot possibly fall and crush the entire structure below it.
911 Controlled Demolition - World Trade Center Twin Towers - Sudden onset of destruction.

David Chandler - M.S. B.S. - Physics M.A. Education, M.S. Mathematics:

The top section pushing on the bottom section its going to meet equal forces as it goes.

Both sections are going to be demolished at the same rate.

So by the time you've crushed up fifteen stories below it, the top fifteen stories are also going to be crushed.

There is nothing left now to crush the rest of the building.

So there are so many paradoxes here.

A little tiny chunk of the building cannot possibly fall and crush the entire structure below it.

2,606 people lost their lives in the World Trade Center buildings on September 11, 2001.

125 people lost their lives at the Pentagon.

246 people lost their lives on the four planes.

Image: ae911truth.org
Anthony Szamboti — B.S.M.E Mechanical Engineer:
Well, there is demolitions done in France which use what we call the Bernard technique where they take out a couple of floors or columns with hydraulics.
They take the columns out and they let the upper section of the building drop two full floors.
When it impacts the lower section there is a very definitive observable jolt deceleration and velocity loss.
911 Controlled Demolition - World Trade Center Twin Towers - Sudden onset of destruction.

David Chandler - M.S. B.S. - Physics M.A. Education, M.S. Mathematics:

When it impacts the lower section there is a very definitive observable jolt deceleration and velocity loss.

When it comes down and hits you should be able to see the point at which they impact, because the lower floors would slow down the motion of the falling block.

2,606 people lost their lives in the World Trade Center buildings on September 11, 2001.

125 people lost their lives at the Pentagon.

246 people lost their lives on the four planes.

Image: ae911truth.org
David Chandler:
It never slows down.
It accelerates the entire time.
That is what was extremely significant.
911 Controlled Demolition - World Trade Center Twin Towers - Sudden onset of destruction.

David Chandler - M.S. B.S. - Physics M.A. Education, M.S. Mathematics:

When it impacts the lower section there is a very definitive observable jolt deceleration and velocity loss.

When it comes down and hits you should be able to see the point at which they impact, because the lower floors would slow down the motion of the falling block.

2,606 people lost their lives in the World Trade Center buildings on September 11, 2001.

125 people lost their lives at the Pentagon.

246 people lost their lives on the four planes.

Image: ae911truth.org
David Chandler:
I published a paper about that in the Journal for 9/11 Studies.
If you have the top section acting like a pile-driver, effectively crushing everything, pushing very hard on this core structure below it, the core structure is going to push back equally hard.
911 Controlled Demolition - World Trade Center Twin Towers - Sudden onset of destruction.

David Chandler - M.S. B.S. - Physics M.A. Education, M.S. Mathematics:

I published a paper about that in the Journal for 9/11 Studies.  

If you have the top section acting like a pile-driver, effectively crushing everything, pushing very hard on this core structure below it, the core structure is going to push back equally hard.

2,606 people lost their lives in the World Trade Center buildings on September 11, 2001.

125 people lost their lives at the Pentagon.

246 people lost their lives on the four planes.

Image: ae911truth.org
David Chandler:
That is what is going to cause the top section of the building to slow down.
But the fact that it is constantly accelerating downward is evidence that it didn't slow down.
It's not actually hitting and engaging with the structure below it in any way that could demolish it.
The top section is not crushing the bottom section of the building or it would meet resistance.
911 Controlled Demolition - World Trade Center Twin Towers - Sudden onset of destruction.

David Chandler - M.S. B.S. - Physics M.A. Education, M.S. Mathematics:

That is what is going to cause the top section of the building to slow down.  

But the fact that it is constantly accelerating downward is evidence that it didn't slow down.

It's not actually hitting and engaging with the structure below it in any way that could demolish it.

The top section is not crushing the bottom section of the building or it would meet resistance.

2,606 people lost their lives in the World Trade Center buildings on September 11, 2001.

125 people lost their lives at the Pentagon.

246 people lost their lives on the four planes.

Image: ae911truth.org
911 Controlled Demolition - World Trade Center Twin Towers - Sudden onset of destruction.

Richard Humenn, P.E. Original WTC Chief Electrical Design Engineer:  I am Richard Humenn.  I am a retired professional electrical engineer.  I went to Brooklyn Polytechnic to receive a Bachelor of Engineering degree in 1954.

I worked for Joseph Loring for forty-one years.  I was principal chief electrical engineer for the World Trade Center complex.

I was very familiar with the Twin Towers elevator systems.  We took over conceptual maintenance and improvements of the elevator systems after the projects were completed.

2,606 people lost their lives in the World Trade Center buildings on September 11, 2001.

125 people lost their lives at the Pentagon.

246 people lost their lives on the four planes.

Image: ae911truth.org
Richard Humenn:
I am a retired professional electrical engineer.
I went to Brooklyn Polytechnic to receive a Bachelor of Engineering degree in 1954.
I worked for Joseph Loring for forty-one years.
I was principal chief electrical engineer for the World Trade Center complex.
I was very familiar with the Twin Towers elevator systems.
We took over conceptual maintenance and improvements of the elevator systems after the projects were completed.
911 Controlled Demolition - World Trade Center Twin Towers - Sudden onset of destruction.

Richard Humenn, P.E. Original WTC Chief Electrical Design Engineer:  I rode up and down the elevator shafts on the top of the car, going twelve hundred feet a minute — you can imagine the experience.

I am very familiar with the interior structure that surrounded the elevator shafts and the accessibility which the elevator companies had 24/7.

The only way that I can see that the towers could have collapsed is that the interior column were compromised.

2,606 people lost their lives in the World Trade Center buildings on September 11, 2001.

125 people lost their lives at the Pentagon.

246 people lost their lives on the four planes.

Image: ae911truth.org
Richard Humenn:
I rode up and down the elevator shafts on the top of the car, going twelve hundred feet a minute — you can imagine the experience.
I am very familiar with the interior structure that surrounded the elevator shafts and the accessibility which the elevator companies had 24/7.
The only way that I can see that the towers could have collapsed is that the interior column were compromised.
911 Controlled Demolition - World Trade Center Twin Towers - Sudden onset of destruction.

Richard Humenn, P.E. Original WTC Chief Electrical Design Engineer:  I rode up and down the elevator shafts on the top of the car, going twelve hundred feet a minute — you can imagine the experience.

I am very familiar with the interior structure that surrounded the elevator shafts and the accessibility which the elevator companies had 24/7.

The only way that I can see that the towers could have collapsed is that the interior column were compromised.

2,606 people lost their lives in the World Trade Center buildings on September 11, 2001.

125 people lost their lives at the Pentagon.

246 people lost their lives on the four planes.

Image: ae911truth.org
Richard Humenn:
In Tower 1, unless my eyes were deceiving me, before the towers started collapsing from the top, the antenna started to fall.
The antenna was over the middle of the elevator shafts.
Their access to the elevator shafts gave them total access to the surrounding core columns, the interior of the core columns.
911 Controlled Demolition - World Trade Center Twin Towers - Sudden onset of destruction.

Richard Humenn, P.E. Original WTC Chief Electrical Design Engineer:  In Tower 1, unless my eyes were deceiving me, before the towers started collapsing from the top, the antenna started to fall.

The antenna was over the middle of the elevator shafts.

Their access to the elevator shafts gave them total access to the surrounding core columns, the interior of the core columns.

2,606 people lost their lives in the World Trade Center buildings on September 11, 2001.

125 people lost their lives at the Pentagon.

246 people lost their lives on the four planes.

Image: ae911truth.org
9/11 Conspiracy Solved Names — Connections and Details Exposed
9/11 Conspiracy Solved Names, Connections, & Details Exposed - George Bush, Mikhail Gorbachev, Gorbachov.

911 - 2,606 people lost their lives in the World Trade Center buildings on September 11, 2001.

125 people lost their lives at the Pentagon.

9-11 246 people lost their lives on the four planes.

Image: youtube.com/watch?v=n_fp5kaVYhk
9/11 Conspiracy Solved Names, Connections, & Details Exposed - El Dorado Task Force New York Region - USPI, DSS, BICE, USSS, NYPD, NIDTA, DEA, NYSP, SSA-OIG.

911 2,606 people lost their lives in the World Trade Center buildings on September 11, 2001.

9-11 125 people lost their lives at the Pentagon.

246 people lost their lives on the four planes.

Image: youtube.com/watch?v=n_fp5kaVYhk
9-11 Conspiracy Solved Names, Connections, & Details Exposed - Russian oil conspiracy, dirty money intergrates into the system.

911 2,606 people lost their lives in the World Trade Center buildings on September 11, 2001.

9/11 125 people lost their lives at the Pentagon.

246 people lost their lives on the four planes.

Image: youtube.com/watch?v=n_fp5kaVYhk
911 Conspiracy Solved Names, Connections, & Details Exposed - Money Laundering Scheme, Purchase of luxury assests, financial investments, commercial investments, industrial investments.

9/11 2,606 people lost their lives in the World Trade Center buildings on September 11, 2001.

9-11 125 people lost their lives at the Pentagon.

246 people lost their lives on the four planes.

Image: youtube.com/watch?v=n_fp5kaVYhk
911 Controlled Demolition - Seeking Understanding - Coming to Terms - Psychologists and therapists speak out.

Most of us who have lived with the events of 911 have as a result experienced some kind of trauma over the destruction of the World Trade Center buildings.

In fact someone told me recently, 'I wouldn't believe what you are telling me about 911 even if it were true.'

2,606 people lost their lives in the World Trade Center buildings on September 11, 2001.

125 people lost their lives at the Pentagon on 9/11.

246 people lost their lives on the four planes on 9/11.

Image: ae911truth.org
In fact someone told me recently, 'I wouldn't believe what you are telling me even if it were true.'
Suppressed Details of 9/11 Criminal Insider Trading lead directly into the CIA`s Highest Ranks
CIA Executive Director 'Buzzy' Krongard managed Firm that handled 'put' Options on UAL
by Michael C. Ruppert
FTW Publications, 9 October 2001
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.
That evidence also demonstrates that, 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' 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,' purchased at nominal prices of, for example, $1.00 per share, 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 Counterterrorism, 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. 2001
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..."
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, and which 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 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.
To read that story, please go to http://www.copvcia.com/stories/part_2.html.
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.
The original URL of this article is:
http://globalresearch.ca/articles/RUP110A.html
Copyright, 2001, Michael C. Ruppert and FTW Publications at http://www.copvcia.com.
All Rights Reserved. May be reprinted or distributed for non-profit purposes only.
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US intelligence knew about the chemical attack before it happened and decided to go along with it — not to stop it happening
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