Sep
19

Wayne Madsen Blows the House Down on 911

September 19-20, 2013 – Exclusive to WMR: SEC destroyed pre-9/11 stock “put” data

Baltimore-based investigative reporter David Callahan has shared with WMR a Securities and Exchange Commission (SEC) letter, dated December 23, 2009, that states that the commission destroyed all records pertaining to the pre-9/11 “put” options on the shares of United and American Airlines, the two airlines whose planes were hijacked on 9/11, as well as three insurance companies and a securities firm that was a World Trade Center occupant.

The letter states: “. . . we have been advised that the potentially responsive records have been destroyed.”

Prior to the 9/11 attacks, insider trading “put options” were placed on United and American Airlines stocks. The speculative options on United were placed between September 6 and 7, 2001 and on American on September 10 at the Chicago Board of Options Exchange. Put options are bets that a stock will fall in value and the owner has the option of selling the stock at a lower rate and sell them at the highest rate, thus earning a quick windfall profit. The put options on the two airlines’ stock was reportedly six times higher than normal. Other unusual “put option” activity was registered with three European re-insurance firms, Germany Re, Swiss Re, AXA of France, in addition to World Trade Center occupant Morgan Stanley Dean Witter.

Specifically sought in Callahan’s Freedom of Information Act request to the SEC were files in reference to Footnote 130 in the 9/11 Commission report:

Highly publicized allegations of insider trading in advance of 9/11 generally rest on reports of unusual pre-9/11 trading activity in companies whose stock plummeted after the attacks. Some unusual trading did in fact occur, but each such trade proved to have an innocuous explanation. For example, the volume of put options—investments that pay off only when a stock drops in price—surged in the parent companies of United Airlines onSeptember 6 and American Airlines on September 10—highly suspicious trading on its face.

Yet, further investigation has revealed that the trading had no connection with 9/11. A single U.S.-based institutional investor with no conceivable ties to al Qaeda purchased 95 percent of the UAL puts on September 6 as part of a trading strategy that also included buying 115,000 shares of American on September 10. Similarly,much of the seemingly suspicious trading in American on September 10 was traced to a specific U.S.-based options trading newsletter, faxed to its subscribers on Sunday, September 9, which recommended these trades.These examples typify the evidence examined by the investigation.The SEC and the FBI, aided by other agencies and the securities industry, devoted enormous resources to investigating this issue, including securing the cooperation of many foreign governments.These investigators have found that the apparently suspicious consistently proved innocuous. Joseph Cella interview (Sept. 16, 2003; May 7, 2004; May 10–11, 2004); FBI briefing (Aug. 15, 2003); SEC memo, Division of Enforcement to SEC Chair and Commissioners,“Pre-September 11, 2001 Trading Review,” May 15, 2002; Ken Breen interview (Apr. 23, 2004); Ed G. interview (Feb. 3, 2004).

Footnote 130, Chapter 5, 9/11 Commission Report

The SEC destroyed the briefing notes described in the footnote and other documentation pertaining to the SEC’s and 9/11 Commission’s investigation.

On September 23, 2003, at a 9/11 Commission interim report news conference, this
editor asked 9/11 Commission co-chairman Thomas Kean about the Commission’s investigation of the pre-9/11 suspicious stock transactions:

Q Yes, Governor Kean. Wayne Madsen with Intelligence Online. The
FBI the other day announced that it was satisfied that there was nothing unusual about some stock transactions prior to 9/11.

Are you satisfied with that, or are you planning to continue your

investigation of the financial — possible financial irregularities prior to 9/11?

And also, as a result of the take-down of a missile smuggling ring in New York a few weeks back, are you going to look at possible terrorist financing and money laundering, especially that which seemed to involve the diamond business – international diamond business?

MR. KEAN: I don’t know about that particular area, but our staff is
going to go wherever the trail leads us. And we will follow — we have not yet come to a conclusion on possible financial transactions. That’s still open as far as we’re concerned. And as I say, we’re going to follow this trail, and we’re going to hopefully issue a report which is going to be satisfactory and lead that trail — follow that trail to its proper conclusion.

 

MR. HAMILTON: We’re mandated by our statute base to look into the
terrorist financing problem. We have a task force established for that purpose. It’s been very active. So, we will be reporting that in full. We don’t necessarily agree with your premise that there were financial irregularities. I think we have to wait and see what the evidence is.

There were reports after 9/11 that the put options involved the old firm of CIA executive director Alvin “Buzzy” Krongard. Before joining the CIA in 1998, Krongard was the chairman of Alex. Brown & Sons Inc., a private equities firm, which was acquired by Bankers Trust. Krongard became vice chairman of Bankers Trust after the acquisition. On March 16, 2001, CIA director George Tenet appointed Krongard as the CIA’s executive director, the number three spot at the agency.

Jul
01

Email before Noon TODAY in Hawaii!! NO GMO’s!!!

Unknown-1

 

Aloha Hawaii I am Roseanne Barr and I am here to help wake you up about GMOs and genetic modification in time to help protect Hawaii island on July 2nd! The Hawaii County Council will hear BILL 79 to prohibit GMOs on July 2nd. Please, pay attention, submit written testimony and come testify in person! Tell the Council to say yes to Bill 79 and ban GMOs! Come to the Kona Council Chambers by 9:00 AM in the West Hawaii Civic Center and wear green to show your support for the bill!

Genetically Modified Organisms or GMOs are in our food supply even though they are banned in more than thirty countries due to health and environmental biohazards. The consumption of GMO food has been linked to cancer, reproductive failure, kidney and liver damage in animal studies. With more than 85% of processed food containing engineered GMOs, we are the human lab rats! I like my food to be real, organic, without other species’ DNA and toxins engineered into it, thank you very much.

Genetic modification involves a group of technologies being used to change the genetic makeup of cells and force different species across natural boundaries in laboratories. Open air GMO crops contaminate the DNA of natural agriculture and already other countries have begun rejecting US imports because of GMO contamination. If we want to preserve the real seeds, pure agriculture and endangered species of Hawaii, we need to stop GMOs.

I came here to grow organic macadamia nuts because I love Hawaii and the pristine nature we live aloha for every day and I believe in respecting the land and taking care of it. These GMOs are mostly engineered to sell more chemicals, they are made by CHEMICAL COMPANIES not FARMERS, hello!

Who wants to eat chemically soaked, toxic food engineered in a lab and made by the same companies that make bleach? Is that how ancient Hawaii sustained itself, with chemicals linked to birth defects and gene guns? Did you consent to be experimented on and have Hawaii Island become a toxic playground for the same chemical companies who made Agent Orange, DDT and Dioxin?

If you love Hawaii’s nature, and want to preserve and protect our agriculture, please act now and submit testimony supporting Bill 79 to the Hawaii County Council to prohibit GMO agriculture on the island of Hawaii.

We are shipping in more than 90% of Hawaii’s food supply, and Hawaii island could be growing plenty of food for the islands, we are still far less contaminated than Kauai, Molokai and Oahu. Kauai residents have a class action lawsuit for GMO related chemical poisoning and Molokai is turning into a dustbowl while the GMO companies are donating hundreds of thousands of dollars to our elected officials. We cannot afford to sacrifice prime agricultural land to GMO companies. The safety of our soil, agriculture, air and water on a chemical and genetic level is at stake. This is our DNA we are talking about here people, the DNA of life as we know it, and these companies have been kicked out of dozens of countries for being dangerous to health and environment.

So wake up and testify, July 2nd 9:00AM, in Kona or satellite locations you can go to in Hilo, Pahoa, Ka’u or Waimea so no excuses, don’t make me get nuts now! Please stand up for Hawaii and urge the Hawaii County Council to pass Bill 79. You can email your testimony to counciltestimony@co.hawaii.hi.us before noon on July 1st and go to BILL79.ORG for details!

Together, we can be a GMO Free Hawaii! Mahalo!

Mar
28

Lee Camp MOC Show Episode 3 – Profit vs. People [Special Guest Roseanne!]

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Mar
02

Occupy the Banks Let’s Roll!

BATTLE 4 PLANET EARTH!!! “”The issue which has swept down the centuries and which will have to be fought sooner or later is The People versus The Banks.” Lord Acton. Historian. Politician. Writer. 1834-1902. It’s COSMIC HUMAN! BATTLE ON! #OpBlackheath #15TrillionFraud I x Pope Down; 1 x CARDINAL DOWN – It’s COSMIC VICTORIES ONCE AGAIN!!!!!!!!!!!!

Dec
16

@lukewearechange Occupy Wall Street Finally Gets Even with Wall Street

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Dec
03

Why Barack Obama is the More Effective Evil by Glen Ford

 

Why Barack Obama is the More Effective Evil

Glen Ford at the Left Forum

BAR executive editor Glen Ford made the following presentation at the Left Forum, Pace University, New York City, March 17. On the panel were Gloria Mattera, Margaret Kimberley (BAR), Suren Moodliar, John Nichols, and Victor Wallis. The discussion was titled, The 2012 Elections: Lesser Evil or Left Alternative?

He has put both Wall Street and U.S. imperial power on new and more aggressive tracks – just as he hired himself out to do.”

Power to the people!

Let me say from the very beginning that we at Black Agenda Report do not think that Barack Obama is the Lesser Evil. He is the more Effective Evil.

He has been more effective in Evil-Doing than Bush in terms of protecting the citadels of corporate power, and advancing the imperial agenda. He has put both Wall Street and U.S. imperial power on new and more aggressive tracks – just as he hired himself out to do.

That was always Wall Street’s expectation of Obama, and his promise to them. That’s why they gave him far more money in 2008 than they gave John McCain. They were buying Obama futures on the electoral political market – and they made out like bandits.

They invested in Obama to protect them from harm, as a hedge against the risk of systemic disaster caused by their own predations. And, it was a good bet, a good deal. It paid out in the tens of trillions of dollars.

If you believe that what Wall Street does is Evil, then Obama’s service to Wall Street is Evil, and there is nothing lesser about it.

They had vetted Obama, thoroughly, before he even set foot in the U.S. Senate in 2004.

He protected their interests, there, helping shield corporations from class action suits, and voting against caps on credit card Interest. He was their guy back then – and some of us were saying so, back then.

He was the bankers’ guy in the Democratic presidential primary race. Among the last three standing in 2008, it was Obama who opposed any moratorium on home foreclosures. John Edwards supported a mandatory moratorium and Hillary Clinton said she wanted a voluntary halt to foreclosures. But Barack Obama opposed any moratorium. Let it run its course, said candidate Obama. And, true to his word, he has let the foreclosures run their catastrophic course.

Only a few months later, when the crunch came and Finance Capital was in meltdown, who rescued Wall Street? Not George Bush. Bush tried, but he was spent, discredited, ineffective. Not John McCain. He was in a coma, coming unglued, totally ineffective.

Bush’s bailout failed on a Monday. By Friday, Obama had convinced enough Democrats in opposition to roll over – and the bailout passed, setting the stage for a new dispensation between the American State and Wall Street, in which a permanent pipeline of tens of trillions of dollars would flow directly into Wall Street accounts, via the Federal Reserve.

And Obama had not even been elected yet.

True to his word, he has let the foreclosures run their catastrophic course.”

Obama put Social Security and Medicaid and all Entitlements on the table, in mid-January. The Republicans had suffered resounding defeat. Nobody was pressuring Obama from the Right.

When the Right was on its ass, Obama stood up and spoke in their stead. There was no Evil Devil forcing him to put Entitlements on the chopping block. It was HIM. He was the Evil One – and it was not a Lesser Evil. It was a very Effective Evil, because the current Age of Austerity began on that day, in January, 2009.

And Obama had not even been sworn in as president, yet.

Who is the Effective Evil? I haven’t even gotten into his actual term as president, much less his expansion of the theaters of war, his unique assaults on International Law, and his massacre of Due Process of Law in the United States. But I want to pause right here, because piling up facts on Obama’s Most Effective Evils doesn’t seem to do any good if the prevailing conversation isn’t really about facts – but about intentions.

The prevailing assumption on the Left is that Obama has good intentions. He intends to the Right Thing – or, at least, he intends to do better than the Republicans intend to do. It’s all supposed to be about intentions. Let’s be clear: There is absolutely no factual basis to believe he intends to do anything other than the same thing he has already done, whether Democrats control Congress or not, which is to serve Wall Street’s most fundamental interests.

But, the whole idea of debating Obama’s intentions is ridiculous. It’s psycho-babble, not analysis. No real Left would engage in it.

I have no doubt that New Gingrich and Republicans in general have worse intentions for the future of my people – of Black people – than Michelle Obama’s husband does. But, that doesn’t matter. Black people are not going to roll over for whatever nightmarish Apocalypse the sick mind of Newt Gingrich would like to bring about. But, they have already rolled over for Obama’s economic Apocalypse in Black America. There was been very little resistance. Which is just another way of saying that Obama has successfully blunted any retribution by organized African America against the corporate powers that have devastated and destabilized Black America in ways that have little precedence in modern times.

When the Right was on its ass, Obama stood up and spoke in their stead.”

Obama has protected these Wall Streeters from what should be the most righteous wrath of Black folks. To take a riff from Shakespeare’s Othello, “Obama has done Wall Street a great service, and they know it.” He has proven to be fantastically effective at serving the Supremely Evil. Don’t you dare call him the Lesser.

He is the More Effective Evil because Black Folks – historically, the most progressive cohort in the United States – and Liberals, and even lots of folks that call themselves Marxists, let him get away murder! Yet, people still insist on calling him a Lesser Evil, while he drives a stake through Due Process of Law.

I have not spoken much about the second half of Obama’s first term in office. That is the period when the Left generally becomes disgusted with what they call his excessive “compromises” and “cave-ins” to Republicans. But that is a profoundly wrong reading of reality. Obama was simply continuing down his own Road to Austerity – the one he, himself, had initiated before even taking office. The only person caving in and compromising to the Republicans, was the Obama that many of YOU made up in your heads.

The real Obama was the initiator of this Austerity nightmare – a nightmare scripted on Wall Street, which provided the core of Obama’s policy team from the very beginning. That’s why Obama’s so-called Financial Reform was so diligent in making sure that Derivatives were virtually untouched.

The real Obama retained Bush’s Secretary of War, because he was determined to re-package the imperial enterprise and expand the scope and theaters of war.

He would dress up the war machine head-to-foot in a Chador of Humanitarianism, and march deep and deeper intoAfrica.

He would make merciless and totally unprovoked war against Libya – and then tell Congress there had been no war at all, and it was none of their business, anyway.

And he got away with it.

Now, that is the Most Effective Evil war mongering imaginable. Don’t you dare call him a Lesser Evil. Obama is Awesomely Evil.

The real Obama was the initiator of this Austerity nightmare.”

Obama has advanced the corporatization of the public schools beyond Bush’s wildest dreams, methodically constructing a national, parallel system of charter schools that, in practice, undermine and subvert the traditional public schools. In some places, they have replaced, or soon will replace, the public schools. The hedge funds and billionaires are ecstatic! The teachers unions then endorse their undertaker, foolishly believing he is the Lesser Evil.

So, what does the Left do in this election? The Left should do what it is supposed to do here in the Belly of the Beast at all times: disarm the Beast. This is their singular duty – not to advise the Beast, but to disarm it. At this time on the world historical clock, that means ripping the farcical “humanitarian” veil from the face of U.S. wars – and that face is Obama’s face.

No genuine anti-war activist can endorse the war-maker, Obama. If you want to resist actual imperial wars, you must fight Obama. Period. Anything else is to endorse or acquiesce in his wars.

You can attend the United National Anti-War Coalition conference in Stamford, Connecticut, next weekend, where you can meet with an array of organizations to begin a calendar of activities that will stretch past Election Day. You can join with UNAC in working to stop Obama from doing a repeat of Libya in Syria and Iran. If you can’t bring yourself to do that, then I have no advice for you, because the alternative is acquiescence to Obama’s cynical duplicities.

If the Green Party or any other party firmly opposes Obama’s humanitarian, Orwellian farce, then support them. If they don’t, then don’t lift a finger for them.

If you are going to fight for anything, you’ve got to fight for the right to fight. That means fighting for the rule of law. So, if you don’t plan to go underground or into exile anytime soon, you must fight the president who claims the right to imprison or kill any person, of any nationality, any place on Earth, for reasons known only to him. The man who excelled George Bush by shepherding preventive detention through Congress – Barack Obama, the More Effective Evil.

Fight him this election year. Fight him every year that he’s here.

Power to the People!


Oct
24

Elderly Facing Poverty Crisis

Martin Feldstein, Top Reagan Adviser: Elderly Facing Poverty Crisis
Posted: 10/24/2012 7:37 pm EDT Updated: 10/24/2012 11:38 pm EDT

Link to Article in Huffington Post

NEW YORK — Martin Feldstein, a former top economic adviser to President Ronald Reagan, said too many elderly Americans are trapped in poverty.

“I think it’s really shocking that we spend about $500 billion a year on Social Security, and yet we have many, many old people in poverty,” said Feldstein, a Harvard economist, at The Economist’s Buttonwood Gathering on Wednesday. “Something’s wrong with that system.”

Feldstein said that the Social Security system especially fails women who aren’t in the workforce. He said that young and middle-aged women who lose husbands to death or divorce and don’t have enough work experience get left out in the cold.
“If they don’t have an income history of their own, the Social Security system fails them,” he said.

Feldstein served as chairman of the Council of Economic Advisers under Reagan from 1982 to 1984, when the poverty rate fell. But the poverty rate when Reagan left office was higher than it was when he took office.

Feldstein also said the government is failing to encourage Americans to save.
“We don’t encourage wealth accumulation,” Feldstein said. “We don’t encourage people to have personal retirement accounts, personal savings accounts that they can use when there are medical emergencies or unemployment emergencies, and I think we ought to both encourage and tax facilitate for middle- and lower-income people to accumulate liquid wealth.”

There is data that backs up Feldstein’s point. Nearly one in three middle-class Americans say they plan to work into their 80s because they cannot afford to retire earlier, according to a recent Wells Fargo survey. Roughly one in two Americans are not saving for retirement at all. And one in two Americans do not have enough emergency savings to cover three months of expenses, according to Bankrate.com.

Link to Video Regarding Social Security

Oct
24

Nasty and Disgusting

October 24-25, 2012 — Update 1x. Another institution engulfed in pedophilia scandal

First it was the Catholic Church, then Penn State, followed by the Boy Scouts that were swamped in major pedophilia scandals. Now, it is the venerable British Broadcasting Corporation (BBC) — the Beeb — that finds itself at the center of a major pedophile scandal involving the late children’s and teen show star Jimmy Savile.

Savile, who entertained children and teens as the host of the BBC teen music program “Top of the Pops” and the children’s “make a wish come true” program, “Jim’ll Fix It,” is believed by police to have sexually abused some 200 male and female underage children and teens. After the BBC’s rival, ITV, recently ran an expose on Savile’s sexual abuse activities at the BBC, it emerged that last year the BBC spiked a similar documentary that was to run on its Newsnight program due to pressure from senior BBC officials.

The interference of senior network officials in spiking stories on pedophilia involving the network or its parent company is nothing new. In 1998, ABC killed a 20/20 story about pedophiles employed by Disney World because of pressure exerted by Michael Eisner, the CEO of Disney Corporation, which owned and continues to own ABC. The U.S. news media has been strangely quiet on the unfolding BBC pedophilia story. However, the connections between the BBC scandal and the U.S. media are only beginning to emerge. Mark Thompson, who was the Director General of the BBC when the Newsnight story was spiked, is slated to become the CEO of The New York Times Company next month. Thompson is already dodging questions about his role in spiking the Newsnight story. Another BBC director general, Greg Dyke, said mistakes were made in handling the Savile case.

The involvement of The New York Times in the emerging scandal may be one reason why the U.S. corporate media has been downplaying the Savile story. U.S. coverage of the BBC scandal is disproportionately less than the coverage the British media gave to the Jerry Sandusky/Penn State pedophile story.

BBC Director General George Entwistle has asked Newsnight editor Peter Rippon to step aside as the investigation of the spiking incident takes place. Tory MP Ann Main has tabled a motion before the House of Commons that would have the Leveson Inquiry, which is investigating the phone hacking scandal involving Rupert Murdoch’s Newscorp news entities being extended to the BBC. If the soft ball questions lobbed by Lord Leveson to Prime Minister David Cameron, and former Prime Minister Tony Blair and Gordon Brown are any indication, Leveson will sure to avoid anything that could be embarrassing to former Tory Prime Minsters like Heath and Thatcher.

There is also emerging evidence that Savile could not have gotten away with his serial predatory activities had he not had the assistance of others, including senior BBC personnel, as well as senior government officials, in perpetrating his crimes for such a long period of time. Savile had not only been knighted by the Queen but he was closely linked politically to a number of Tory political leaders, including Prime Ministers Ted Heath and Margaret Thatcher. It is being alleged that a former British Prime Minister set the ground for child pornography from abroad to be smuggled into Britain for the use of a powerful pedophile ring of which the Prime Minister, Savile, Glitter, and others were members.

Lord Patten, the former chairman of the Conservative Party, as well as the last Governor of Hong Kong and the one-time EU Commissioner for External Relations, is the chairman of the BBC. Patten is already coming under fire for having a major conflict-of-interest in covering up the possible involvement of a former Tory Prime Minister, said to be Heath, in a major pedophile ring.

Savile’s BBC programs ran on the network from 1959 through the 1980s and some of the sexual abuse reportedly took place at BBC studios and corporate offices. Savile, who was knighted by the Queen for his charitable work for children, openly sympathized with British rock star Gary Glitter, aka Paul Gadd, who was convicted in Britain in 1999 for possession of child pornography and convicted and jailed in Vietnam in 2006 for engaging in sexual acts with minors.

It has now been alleged by a former pupil of a boarding school for emotionally-distressed children in Surrey, where Savile is said to have procured young girls for sex, that Savile sexually molested a 14-year old girl in his BBC dressing room while Glitter raped a 13-year old girl. A third well-known BBC celebrity was said to have been present during the activity.

In 2007, Savile was interviewed “under caution” by police who were involving a 1970s sexual assault of a minor at the Duncroft Approved School for Girls in Surrey, which is now closed. The Crown Prosecution Service (CPS) said there was insufficient evidence in the case and no charges against Savile or anyone else were brought.

Savile is said to have preyed on children, particularly boys, at the Haut de La Garenne orphanage on the island of Jersey and at the children’s wards of Mandeville Hospital near Aylesbury, Broadmoor Hospital in Berkshire, and Leeds General Infirmary in Leeds. Police are following more than 400 leads in their multi-jurisdictional investigation of Savile that has already identified over 200 witnesses, many of them abused children who are now adults.

However, there are also a belief that the British police and other law enforcement agencies cannot be fully trusted to investigate the growing pedophile scandal that is said to reach into the upper echelons of the Conservative Party, the media, and even Buckingham Palace. U.S. journalist Leah McGrath Goodman was recently barred from entering the United Kingdom and Jersey because of her investigation of sexual abuse at the Haut de La Garenne children’s home in Jersey. Jersey official barred Goodman because she did not possess a valid “writer’s visa.” However, such visas do not even exist in Jersey.

BBC Jersey took part in the cover-up of the pedophile scandal on the island that was said to involve sex tourists like Savile and high-level government officials on the island. In 2008, the States of Jersey Police dropped an investigation of an indecent sexual assault by Savile at the Jersey home in the 1970s due to “lack of evidence.”

In 2009, the CPS dropped another investigation against Savile. Victims of Savile are now stating that the BBC pedophile was very organized.

Demands that Savile be stripped of his Order of the British Empire (OBE) knighthood have fell on deaf ears at Buckingham Palace, which maintains that upon death, a knighthood merely ceases to exist and no formal stripping of the honors is necessary.

Update 1x. The Independent reported on October 24, 2012, that Savile’s pedophilia also extended into pedo-necrophilia. Paul Gambaccini, who worked with Savile as a DJ on BBC Radio 1 in 1983, alleges that Savile had sex with the corpses of deceased minors. Gambaccini termed the corpses “underaged subnormals.” The mere fact that The New York Times would hire as its CEO someone who may have covered up such grotesque behavior by the BBC calls into question the judgment of the newspaper and its qualifications to honestly and inependently report on the news.