When the Head of the Bundesbank, Ernst Welteke stated that “What we found makes us sure that people connected to the terrorists must have been trying to profit from this tragedy.”, he was not alone in this opinion. An army of others, including bankers, government officials, academics and well known options traders all shared his opinion, that there was highly compelling evidence that those with foreknowledge of the 9/11 events had engaged in 2 categories of insider trading:
Put options (profit for price decrease) on United Airlines, Insurers, the tenants of the World Trade Center and other affected parties
Call options (profit for price increase) on Raytheon, other manufacturers of arms, surveillance equipment and profiteers from the "War on Terror" about to be launched.
Why, considering the mound of evidence out there, did the SEC investigation conclude that it could find no evidence that insider trading was carried out by those involved in the 9/11 attacks? Considering, for example, that 2000 contracts taken out on United Airlines the Thursday before the attacks, that is 90 times more in a single day than usually happens in 3 weeks, lack of evidence does not seem a plausible explanation. Lack of funds or staff also seems not to be a credible explanation, considering that their inquiry was carried out in conjunction with the FBI, the Treasury Department, and the Department of Justice, and was unprecedented in its scale.
The investigation appeared to take it as axiomatic that having "no conceivable ties to al Qaeda" meant that the trading parties had no foreknowledge of the attacks. If the outcome of the inquiry was a foregone conclusion, why make it so extensive? Was it all just a big exercise in whitewashing, fixing an official narrative? Or could there have been more at stake, perhaps a thorough investigation of the money trail, in order to purge it once an for all, to investigate who had breached protocol and tried some private profiteering on the side? Could it have actually been an effort to carry out a kind of housekeeping similar to Tim Tate's movie Conspiracy of Silence (that we heard at in episode 720) to gather up and then destroy all the available evidence? For whatever reason, when asked by FOIA requests for the documents on which they concluded that no insider trading had taken place, the SEC stated that those documents had been destroyed.
We conclude the show with the sound track of a YouTube video report of the deep state actors and military technologies that came together to create the structural deep event 9/11. The emphasis is on intelligence related individuals and groups rather than financial crimes. Although it is from 2012, it is densely packed and complements Corbett's piece quite well, overlapping as regards the revelations of Richard Grove - it appears quite consistent in exposing parts of a large syndicate of deep state actors utilizing the apparatus of the public state and/or whatever other means were available to advance their own socio- and psychopathic agendas.
Thanks to James Corbett for a great investigation.