Again, how does a group of government insiders benefit from crashing planes into symbols of capalitsm and killing innocent Americans just to justify a war in the middle east for oil?
The Securities and Exchange Commission (SEC) later announces that they are investigating the trading of shares of 38 companies in the days just before 9/11. The San Francisco Chronicle reports that the New York Stock Exchange sees “unusually heavy trading in airline and related stocks several days before the attacks.” All 38 companies logically stand to be heavily affected by the attacks. They include parent companies of major airlines American, Continental, Delta, Northwest, Southwest, United, and US Airways as well as cruise lines Carnival and Royal Caribbean, aircraft maker Boeing and defense contractor Lockheed Martin. The SEC is also looking into suspicious short selling of numerous insurance company stocks, but, to date, no details of this investigation have been released. [Associated Press, 10/2/2001; San Francisco Chronicle, 10/3/2001]
After 9/11, both the SEC and the Secret Service announce probes into an unusually high volume trade of five-year US Treasury note purchases around this time. These transactions include a single $5 billion trade. The Wall Street Journal explains: “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 has risen sharply since the events of September 11. The article also points out that with these notes, “tracks would be hard to spot.” [Wall Street Journal, 10/2/2001]
Numerous other overseas investigations into insider trading before 9/11 are later established. There are investigations in Belgium, France, Switzerland, Luxembourg, Monte Carlo, Cyprus, and other countries. There are particularly strong suspicions British markets are manipulated. Italy will later investigate suspicious share movements on the day of the attack, as well as the previous day. Japan will also look into the trading of futures contracts. [Fox News, 9/22/2001; CNN, 9/24/2001; BBC, 9/18/2001] The British will take just two weeks to conclude that their markets were not manipulated. [American Public Media, 10/17/2001]
German central bank president Ernst Welteke later reports that a study by his bank indicates, “There are ever clearer signs that there were activities on international financial markets that must have been carried out with the necessary expert knowledge,” not only in shares of heavily affected industries such as airlines and insurance companies, but also in gold and oil. [Daily Telegraph, 9/23/2001] His researchers have found “almost irrefutable proof of insider trading.” [Miami Herald, 9/24/2001] “If you look at movements in markets before and after the attack, it makes your brow furrow. But it is extremely difficult to really verify it.” Nevertheless, he believes that “in one or the other case it will be possible to pinpoint the source.” [Fox News, 9/22/2001] Welteke reports “a fundamentally inexplicable rise” in oil prices before the attacks [Miami Herald, 9/24/2001] and then a further rise of 13 percent the day after the attacks. Gold rises nonstop for days after the attacks. [Daily Telegraph, 9/23/2001]
There is a sharp increase in short selling of the stocks of American and United Airlines on the New York Stock Exchange prior to 9/11. A short sell is a bet that a particular stock will drop. There is an increase of 40 percent of short selling over the previous month for these two airlines, compared to an 11 percent increase for other big airlines and one percent for the exchange overall. A significant profit is to be made: United stock drops 43 percent and American drops 39 percent the first day the market reopens after the attack. Short selling of Munich Re, the world’s largest reinsurer, is also later noted by German investigators. Inquiries into short selling millions of Munich Re shares are made in France days before the attacks. [Reuters, 9/20/2001; San Francisco Chronicle, 9/22/2001] Munich Re stock will plummet after the attacks, as they claim the attacks will cost them $2 billion. [Dow Jones Business News, 9/20/2001] There is also suspicious trading activity involving reinsurers Swiss Reinsurance and AXA. These trades are especially curious because the insurance sector “is one of the brightest spots in a very difficult market” at this time. [Los Angeles Times, 9/19/2001] There is also a short spike on Dutch airline KLM stock three to seven days before 9/11, reaching historically unprecedented levels. [USA Today, 9/26/2001]
If money is the incentive, don't you think the insiders would have anticipated an economic downturn as Americans believe they are under attack by religious fanatics? You think those people are so ruthless that they'd kill thousands of Americans for OIL?
Yes they would, they've topped that already by killing tens of thousands of innoncent Afghani's and Iraqi's.