The Military Industrial Complex and the 9/11 Inside Job: Who benefited?, also 9/11 Insider Trading
The War Profiteers
Without 9/11, this war profiteering would not be possible.
Who had the most to benefit from 911 - A bunch of angry Arabs?
The Military Industrial Complex
Dwight D. Eisenhower's Farewell Address to the American People directly warned us of the Military Industrial Complex.
Multi-national corporations and private banks control our press and government.
Please check this out:
9-11 Research: Insider Trading
The major media networks are all owned by different corporations. These different corporations are all grouped together through the Military Industrial Complex (MIC), or the industries involved in weapons manufacturing, reconstruction, energy, and every other business necessary to the military. Corporations have a "Board of Directors (BOD)" but the same people may serve on multiple Boards for different corporations.
Members of the BOD of these corporations sit on the BOD of the weapons manufactures and mega companies like Texaco, Chevron, Boeing, Lockheed, Citigroup, Chase, Worldcom, JP Morgan, Haliburton... Some members are obviously in our government. The Secretary of State Condoleezza Rice was on the Board of Directors for Chevron/Texaco who got the largest and first no-bid contracts from Afghanistan. They named an oil tanker after her.
Trireme Partners company - Set up by Richard Perle and Henry Kissinger, Trireme invests the money of wealthy individuals into weapon companies, who get large government contracts and raise their stock prices. They know who's getting the contracts (insider trading). The defense industries and the companies under this massive umbrella corporation normally have ties to government employees. Kissinger didn't call it insider trading, he called it 'guaranteed speculation'.
BOEING - John H. Biggs is on the BOD for both Boeing and JP Morgan & Chase. John E. Bryson is on the BOD with Boeing and Disney, who owns ABC. Linda Z. Cook, the CEO of Shell, is also on the BOD of Boeing.
LOCKHEED MARTIN - Lockheed is comprised of mainly ex-military and ex-government employees in the defense industry. In the 70s, Lockheed paid a mobster $2 million dollars to launder money for Lockheed. The Japanese government got money from the very same company that built the planes that dropped the atomic bombs on Japan. Dick Cheney's wife was on the BOD of Lockheed until 2001. Lockheed for the past 7 years in a row has gotten the largest government contracts (tens of billions of dollars).
Read about Cheney taking control of NORAD prior to 9/11 so he could personally ensure that the planes hit their targets.
GUESS WHO GETS THE TOP DEFENSE CONTRACTS
1. Lockheed Martin Corp. - $20 billion
2. Boeing Co. - $18.8 billion
3. Northrop Grumman Corp. - $13.7 billion
4. General Dynamics Corp. - $11.1 billion
5. Raytheon Co. - $9.4 billion
6. Halliburton Co. - $5.9 billion
7. United Technologies Corp. - $4.9 billion
8. L-3 Communications Holdings - $4.8 billion
9. Carlyle Group - $2.7 billion
10. SAIC - $2.7 billion
1. Lockheed Martin Corp. $20,690,912,117
2. Boeing Co. $17,066,412,718
3. Northrop Grumman Corp.$11,894,090,277
4. General Dynamics Corp. $9,563,280,236
5. Raytheon Co. $8,472,813,918
6. Halliburton Co. $7,996,793,706
7. United Technologies Corp. $5,056,937,646
8. Science Applications International $2,450,781,108
9. Computer Sciences Corp. $2,390,806,128
10. Humana, INC $2,372,078,226
2002 before Iraq War
1. Lockheed Martin Corp. $17.0 billion
2. Boeing Co. $16.6 billion
3. Northrop Grumman Corp. $8.7 billion
4. Raytheon Co. $7.0 billion
5. General Dynamics Corp. $7.0 billion
6. United Technologies Corp. $3.6 billion
7. Science Applications International Corp. $2.1 billion
8. TRW Inc. $2.0 billion
9. Health Net, Inc. $1.7 billion
10. L-3 Communications Holdings, Inc. $1.7 billion
2001 (all figures from respective websites)
1. Lockheed Martin Corp. $15,130,223,000
2. Boeing Co. $13,595,338,000
3. Northrop Grumman Corp. $11,122,116,000
4. Raytheon Co. $5,875,142,000
5. General Dynamics Corp. $5,213,835,000
6. United Technologies Corp. $3,678,345,000
7. TRW Inc. $1,970,383,000
8. SAIC $1,774,863,000
9. General Electric Co. $1,682,903,000
10. Carlyle Group $1,413,968,000
The first proposed oil pipeline to be opened in Iraq was set to go to Tel Aviv, Israel (planned 10 days before the end of the war). They planned to set up an oil pipeline from Israel going to Haifa. Currently, they pump oil from Mosul to Hiafa.
We send oil to Israel from Iraq
and then buy it back from Israel.
"One of Israel's largest oil marketing firms has won a multi-million dollar tender to supply fuel to US troops in Iraq. According to a IsraelNationalNews.com report, the tender awarded to Sonol gasoline company, along with its foreign partner Morgantown International, is valued at $70-80 million. The company is expected to supply the US forces with 25 million litres of fuel each month. The tender was issued by the US-based KDR Company, a subsidiary of Halliburton, which has been entrusted with the majority of US military contracts in Iraq."
- Al Jazeera
"According to the Energy Information Administration (EIA), a statistical agency of the US Department of Energy, Israel produces almost no oil and imports nearly all its oil needs (around 237,000 barrels a day in 2002). Traditionally, major oil import sources have included Egypt, the North Sea, West Africa and Mexico."
Information provided by the EIA states that in April 2003, there was some discussion of "reopening" the old oil pipeline from Mosul in Northern Iraq to the Israeli port of Haifa on its northern Mediterranean coast. The line, which was built in the 1930s, carried 100,000 barrels a day at its peak, but has been closed since Israel's establishment in 1948. The reopening of this pipeline is, on the other hand, reported as being able to 'solve Israel's energy crisis at a stroke'."
- Al Jazeera
Our senate voted on the new bill for Defense spending: 100 for and 0 against it. Important sections of this bill:
(Sec. 8024) Authorizes DOD to incur obligations of up to $350 million for DOD military compensation, construction projects, and supplies and services in anticipation of receipts of contributions from the government of Kuwait.
(Sec. 8082) Earmarks specified RDT&E funds for producing Arrow missile components in the United States and Arrow missile components and missiles in Israel to meet Israel's defense requirements.
Here is a rejected Amendment:
(S.AMDT.4875 to H.R.5631) To increase by $200,000,000 the amount appropriated or otherwise made available by title IX for the purpose of supplying needed humanitarian assistance to the innocent Lebanese and Israeli civilians who have been affected by the hostilities between Hezbollah and the Government of Israel.
- Government Source
"8/3/2006 Amendment SA 4875 ruled out of order by the chair" - Government source (see the bottom of "Amendments"). They can spend money to build the missiles but not to help civilians wounded or left homeless by them.
These corporations aren't just American or Israeli. Most are multi-national (no loyalties to anyone). The money awarded to the companies by the State-issued contracts is not just the allocation of our tax money; the government spends far more than that even when military spending consist of over half our tax money. They borrow money by buying bonds from the Federal Reserve, which America has to pay interest on, in order to pay for the MIC. We have an 8.5 trillion dollar national debt. The central banks lead us to the same Neocons who wrote the plans for foreign policy (PNAC and ISCB) and collect from the investors.
The War Profiteers
Without 9/11, this war profiteering would not be possible.
Who had the most to benefit from 911 - A bunch of angry Arabs?
http://visit.webhosting.yahoo.com/visit ... true&v=1.2
Pre-9/11 Put Options on Companies Hurt by Attack Indicates Foreknowledge
Financial transactions in the days before the attack suggest that certain individuals used foreknowledge of the attack to reap huge profits. 1 The evidence of insider trading includes:
Huge surges in purchases of put options on stocks of the two airlines used in the attack -- United Airlines and American Airlines
Surges in purchases of put options on stocks of reinsurance companies expected to pay out billions to cover losses from the attack -- Munich Re and the AXA Group
Surges in purchases of put options on stocks of financial services companies hurt by the attack -- Merrill Lynch & Co., and Morgan Stanley and Bank of America
Huge surge in purchases of call options of stock of a weapons manufacturer expected to gain from the attack -- Raytheon
Huge surges in purchases of 5-Year US Treasury Notes
http://911research.wtc7.net/sept11/docs ... estock.gif
In each case, the anomalous purchases translated into large profits as soon as the stock market opened a week after the attack: put options were used on stocks that would be hurt by the attack, and call options were used on stocks that would benefit.
Put and call options are contracts that allow their holders to sell and buy assets, respectively, at specified prices by a certain date. Put options allow their holders to profit from declines in stock values because they allow stocks to be bought at market price and sold for the higher option price. The ratio of the volume of put option contracts to call option contracts is called the put/call ratio. The ratio is usually less than one, with a value of around 0.8 considered normal. 2
American Airlines and United Airlines, and several insurance companies and banks posted huge loses in stock values when the markets opened on September 17. Put options -- financial instruments which allow investors to profit from the decline in value of stocks -- were purchased on the stocks of these companies in great volume in the week before the attack.
United Airlines and American Airlines
Two of the corporations most damaged by the attack were American Airlines (AMR), the operator of Flight 11 and Flight 77, and United Airlines (UAL), the operator of Flight 175 and Flight 93. According to CBS News, in the week before the attack, the put/call ratio for American Airlines was four. 3 The put/call ratio for United Airlines was 25 times above normal on September 6. 4
http://911research.wtc7.net/sept11/docs ... lRatio.jpg
This graph shows a dramatic spike in pre-attack purchases of put options on the airlines used in the attack. (source: http://www.optionsclearing.com)
The spikes in put options occurred on days that were uneventful for the airlines and their stock prices.
On Sept. 6-7, when there was no significant news or stock price movement involving United, the Chicago exchange handled 4,744 put options for UAL stock, compared with just 396 call options -- essentially bets that the price will rise. On Sept. 10, an uneventful day for American, the volume was 748 calls and 4,516 puts, based on a check of option trading records. 5
The Bloomberg News reported that put options on the airlines surged to the phenomenal high of 285 times their average.
Over three days before terrorists flattened the World Trade Center and damaged the Pentagon, there was more than 25 times the previous daily average trading in a Morgan Stanley "put" option that makes money when shares fall below $45. Trading in similar AMR and UAL put options, which make money when their stocks fall below $30 apiece, surged to as much as 285 times the average trading up to that time. 6
When the market reopened after the attack, United Airlines stock fell 42 percent from $30.82 to $17.50 per share, and American Airlines stock fell 39 percent, from $29.70 to $18.00 per share. 7
Several companies in the reinsurance business were expected to suffer huge losses from the attack: Munich Re of Germany and Swiss Re of Switzerland -- the world's two biggest reinsurers, and the AXA Group of France. In September, 2001, the San Francisco Chronicle estimated liabilities of $1.5 billion for Munich Re and $0.55 bilion for the AXA Group and telegraph.co.uk estimated liabilities of £1.2 billion for Munich Re and £0.83 billion for Swiss Re. 8 9
Trading in shares of Munich Re was almost double its normal level on September 6, and 7, and trading in shares of Swiss Re was more than double its normal level on September 7. 10
Financial Services Companies
Merrill Lynch and Morgan Stanley Morgan Stanley Dean Witter & Co. and Merrill Lynch & Co. were both headquartered in lower Manhattan at the time of the attack. Morgan Stanley occupied 22 floors of the North Tower and Merrill Lynch had headquarters near the Twin Towers. Morgan Stanley, which saw an average of 27 put options on its stock bought per day before September 6, saw 2,157 put options bought in the three trading days before the attack. Merrill Lynch, which saw an average of 252 put options on its stock bought per day before September 5, saw 12,215 put options bought in the four trading days before the attack. Morgan Stanley's stock dropped 13% and Merrill Lynch's stock dropped 11.5% when the market reopened. 11
Bank of America showed a fivefold increase in put option trading on the Thursday and Friday before the attack.
A Bank of America option that would profit if the No. 3 U.S. bank's stock fell below $60 a share had more than 5,900 contracts traded on the Thursday and Friday before the Sept. 11 assaults, almost five times the previous average trading, according to Bloomberg data. The bank's shares fell 11.5 percent to $51 in the first week after trading resumed on Sept. 17. 12
While most companies would see their stock valuations decline in the wake of the attack, those in the business of supplying the military would see dramatic increases, reflecting the new business they were poised to receive.
Raytheon, maker of Patriot and Tomahawk missiles, saw its stock soar immediately after the attack. Purchases of call options on Raytheon stock increased sixfold on the day before the attack.
A Raytheon option that makes money if shares are more than $25 each had 232 options contracts traded on the day before the attacks, almost six times the total number of trades that had occurred before that day. A contract represents options on 100 shares. Raytheon shares soared almost 37 percent to $34.04 during the first week of post-attack U.S. trading. 13
Raytheon has been fined millions of dollars inflating the costs of equipment it sells the US military. Raytheon has a secretive subsidiary, E-Systems, whose clients have included the CIA and NSA. 14
US Treasury Notes
Five-year US Treasury notes were purchased in abnormally high volumes before the attack, and their buyers were rewarded with sharp increases in their value following the attack.
The Wall Street Journal reported on October 2 that the ongoing investigation by the SEC into suspicious stock trades had been joined by a Secret Service probe into an unusually high volume of five-year US Treasury note purchases prior to the attacks. The Treasury note transactions included a single $5 billion trade. As the Journal explained: "Five-year Treasury notes are among the best investments in the event of a world crisis, especially one that hits the US. The notes are prized for their safety and their backing by the US government, and usually rally when investors flee riskier investments, such as stocks." The value of these notes, the Journal pointed out, has risen sharply since the events of September 11. 15
The SEC's Investigation
Shortly after the attack the SEC circulated a list of stocks to securities firms around the world seeking information. 16 A widely circulated article states that the stocks flagged by the SEC included those of the following corporations: American Airlines, United Airlines, Continental Airlines, Northwest Airlines, Southwest Airlines, US Airways airlines, Martin, Boeing, Lockheed Martin Corp., AIG, American Express Corp, American International Group, AMR Corporation, AXA SA, Bank of America Corp, Bank of New York Corp, Bank One Corp, Cigna Group, CNA Financial, Carnival Corp, Chubb Group, John Hancock Financial Services, Hercules Inc., L-3 Communications Holdings, Inc., LTV Corporation, Marsh & McLennan Cos. Inc., MetLife, Progressive Corp., General Motors, Raytheon, W.R. Grace, Royal Caribbean Cruises, Ltd., Lone Star Technologies, American Express, the Citigroup Inc., Royal & Sun Alliance, Lehman Brothers Holdings, Inc., Vornado Reality Trust, Morgan Stanley, Dean Witter & Co., XL Capital Ltd., and Bear Stearns.
An October 19 article in the San Francisco Chronicle reported that the SEC, after a period of silence, had undertaken the unprecedented action of deputizing hundreds of private officials in its investigation:
The proposed system, which would go into effect immediately, effectively deputizes hundreds, if not thousands, of key players in the private sector.
In a two-page statement issued to "all securities-related entities" nationwide, the SEC asked companies to designate senior personnel who appreciate "the sensitive nature" of the case and can be relied upon to "exercise appropriate discretion" as "point" people linking government investigators and the industry. 17
Michael Ruppert, a former LAPD officer, explains the consequences of this action:
What happens when you deputize someone in a national security or criminal investigation is that you make it illegal for them to disclose publicly what they know. Smart move. In effect, they become government agents and are controlled by government regulations rather than their own conscience. In fact, they can be thrown in jail without a hearing if they talk publicly. I have seen this implied threat time and again with federal investigations, intelligence agents, and even members of the United States Congress who are bound so tightly by secrecy oaths and agreements that they are not even able to disclose criminal activities inside the government for fear of incarceration. 18
Interpreting and Reinterpreting the Data
An analysis of the press reports on the subject of apparent insider trading related to the attack shows a trend, with early reports highlighting the anomalies, and later reports excusing them. In his book Crossing the Rubicon Michael C. Ruppert illustrates this point by first excerpting a number of reports published shortly after the attack:
A jump in UAL (United Airlines) put options 90 times (not 90 percent) above normal between September 6 and September 10, and 285 times higher than average on the Thursday before the attack.
-- CBS News, September 26
A jump in American Airlines put options 60 times (not 60 percent) above normal on the day before the attacks.
-- CBS News, September 26
No similar trading occurred on any other airlines
-- Bloomberg Business Report, the Institute for Counterterrorism (ICT), Herzliyya, Israel [citing data from the CBOE] 3
Morgan Stanley saw, between September 7 and September 10, an increase of 27 times (not 27 percent) in the purchase of put options on its shares. 4
Merrill-Lynch saw a jump of more than 12 times the normal level of put options in the four trading days before the attacks. 5
3. "Mechanics of Possible Bin Laden Insider Trading Scam," Herzlyya International Policy Institute for Counter Terrorism (ICT), September 22, 2001. Michael C. Ruppert, "The Case for Bush Administration Advance Knowledge of 9-11 Attacks," From the Wilderness April 22, 2002. Posted at Centre for Research and Globalization <www.globalresearch.ca/articles/RUP203A.html>.
4. ICT, op. cit, citing data from the Chicago Board of Options Exchange (CBOE). [...] "Terrorists trained at CBPE." Chicago Sun-Times, September 20, 2001, <www.suntimes.com/terror/stories/cst-nws-trade20.html>. "Probe of options trading link to attacks confirmed," [...] Chicago Sun-Times, September 21, 2001, <www.suntimes.com/terror/stories/cst-fin-trade21.html>.
5. ICT, op. cit.
Ruppert then illustrates an apparent attempt to bury the story by explaining it away as nothing unusual. A September 30 New York Times article claims that "benign explanations are turning up" in the SEC's investigation. 20 The article blames the activity in put options, which it doesn't quantify, on "market pessimism," but fails to explain why the price of the stocks in the airlines doesn't reflect the same market pessimism.
The fact that $2.5 million of the put options remained unclaimed is not explained at all by market pessimism, and is evidence that the put option purchasers were part of a criminal conspiracy. 21
1. Insider Trading Apparently Based on Foreknowledge of the 9/11 Attacks, London Times, 9/18/01 [cached]
2. Put/Call Ratio, StreetAuthority.com,
3. Profiting From Disaster?, CBSNews.com, 9/19/01 [cached]
4. Prices, Probabilities and Predictions, OR/MS Today, [cached]
5. Exchange examines odd jump, Associated Press, 9/18/01 [cached]
6. SEC asks Goldman, Lehman for data, Bloomberg News, 9/20/01 [cached]
7. Black Tuesday: The World's Largest Insider Trading Scam?, ict.org.il, September 19, 2001 [cached]
8. Suspicious profits sit uncollected Airline investors seem to be lying low, San Francisco Chronicle, 9/29/01 [cached]
9. Profits of doom, telegraph.co.uk, 9/23/01 [cached]
10. Profits of doom ..., 9/23/01
11. Black Tuesday ..., 9/19/01
12. Bank of America among 38 stocks in SEC's attack probe, Bloomberg News, 10/3/01 [cached]
13. Bank of America ..., 10/3/01
14. Raytheon, corpwatch.org,
15. Suspicious trading points to advance knowledge by big investors of September 11 attacks, wsws.org, 10/5/01 [cached]
16. Bank of America ..., 10/3/01
17. SEC wants data-sharing system Network of brokerages would help trace trades by terrorists, San Francisco Chronicle, 9/19/01 [cached]
18. Crossing the Rubicon, , page 243
19. Crossing the Rubicon, , page 238-239,634
20. Whether advance knowledge of U.S. attacks was used for profit, New York Times, 9/30/01 [cached]
21. Suspicious profits ..., 9/29/01