Filed under: 7/7, 9/11, 9/11 Financiers, 9/11 put options, 9/11 Truth, 9/11 wargames, American Airlines, Big Banks, bin laden, Bin Laden Trades, Buzzy Krongard, CIA, dow jones, Euro, Europe, european union, fake terror threat, False Flag, Germany, inside job, london, put options, qui bono, State Sponsored Terrorism, Stock Market, United Airlines, United Kingdom, war games, World Trade Center | Tags: Jérôme Kerviel, Société Générale
“Rogue” Trader Highlights Possible 9/11 and 7/7 Insider Trading
“Best trading day in the history of Société Générale was September 11, 2001″
Steve Watson
Infowars.net
January 23, 2009
According to an article in The London Times today, Société Générale rogue trader Jérôme Kerviel profited enormously on the day of the 7/7 London bombings. He has also revealed how his company
made huge profits on September 11th 2001, prompting some to return to questions over insider foreknowledge of both terrorist attacks.
The article states:
“The best trading day in the history of Société Générale was September 11, 2001,” he said. “At least, that’s what one of my managers told me. It seems that profits were colossal that day.
“I had a similar experience during the London attacks in July 2005.”
A few days earlier he had bet on a fall in the share price of Allianz, the German insurance giant, he told Le Parisien. Everyone was losing money when the 7/7 bombings sent the insurance sector into a downward spiral “except for me”, he said. “Thanks to the positions I had, I earned €500,000 in a few minutes. It was the jackpot. I was jubilant.”
After the celebrations Mr Kerviel said he paused for thought. “I understood that I was having fun when people had just been hit by the bombs. I ran to the toilet and I was sick. But the moment of weakness did not last long. I went back into the trading room and I returned to work.”
Kerviel was charged almost exactly one year ago in the Société Générale trading loss incident which cost the financial services company an estimated €4.9 billion.
Until the Bernard Madoff fraud incident last month, it was reported to be the largest fraud in banking history.
Société Générale claimed that Kerviel worked the trades alone, and without its authorization. Kerviel told investigators that such practices are widespread and that huge profits routinely give the upper echelons of financial institutions cause to turn a blind eye.
Many questions have been raised regarding massive trades that foreshadowed the events of 9/11, with put options placed in large quantities against American and United Airliners in the days immediately prior to the attacks.
The investigation as to who was responsible for authorizing the transactions led directly back to former CIA director Buzzy Krongard.
In the case of the London bombings, the pound fell 6 per cent against the dollar for no apparent reason in the days before the attack.
“Currencies of established countries simply do not fall that fast based upon any kind of economic or financial analysis,” said a 35 year veteran economist. “Somebody – somewhere – knew something. Or maybe I should say ’somebodies.’”
It is considered that such anomalous activity betrays prior knowledge of the incidents.
We have since seen other suspicious trading incidents dovetailing with foiled terror attacks. Specifically, in August 2006, surrounding the infamous “liquid bomb plot” and one year later in August 2007 with the so-called “Bin Laden trades” when a mystery trader placed 245,000 put options on the Dow Jones Eurostoxx 50 index.
http://www.911blogger.com/node/19186
Filed under: central bank, Credit Crisis, DEBT, Dollar, dow jones, Economic Collapse, economic depression, Economy, energy, gas prices, Great Depression, Greenback, Inflation, london, Oil, Petrol, Stock Market, US Economy
Dow Jones has worst June since Great Depression
Ian Lyall
UK Daily Mail
June 27, 2008
Shares plunged on both sides of the Atlantic yesterday because of fears over oil, inflation and the global economy.
In London the FTSE 100 slumped 2.6 per cent, or 147.9 points to 5518.2.
Meanwhile in America, the Dow Jones fell more than 350 points to its lowest level since October 1, 2006.
It is now on course for its worst June performance since the Great Depression of the early 1930s.
The febrile mood on trading floors came amid fears that soaring energy prices will push up inflation and erode consumer spending, dramatically reducing company profits.
Filed under: Big Banks, central bank, citigroup, Credit Crisis, DEBT, Dollar, Dow, dow jones, Economic Collapse, economic depression, Economy, Euro, Federal Reserve, gas prices, gold, Great Depression, Greenback, Inflation, interest rate cuts, middle class, New York, Oil, OPEC, Petrol, rate cut, silver, Stock Market, US Economy
Oil Near $143
AP
June 27, 2008
Oil futures climbed to a new record near $143 a barrel Friday as the dollar weakened against the euro, confirming expectations that the falling greenback, a major factor in crude’s stratospheric rise, will extend its decline and add to oil’s appeal.
Retail gas prices inched lower overnight, but are likely to resume their own trek into record territory now that oil futures have broken out of the trading range where they had been for nearly 3 weeks.
Light, sweet crude for August delivery rose as high as $142.99 a barrel on the New York Mercantile Exchange before pulling back sharply in a spate of late-day profit-taking to settle up 57 cents at a record $140.21. On Thursday, the contract shot past $140 and rose more than $5 to a new settlement record.
The latest record came as the dollar fell against the euro in afternoon trading, having traded roughly unchanged for much of the day.
“The dollar was slightly stronger, and when it gave up its gains, that gave oil the green light,” said James Cordier, president of Tampa, Fla.-based trading firms Liberty Trading Group and OptionSellers.com.
The market now believes the Federal Reserve is unlikely to raise interest rates in the near future; since higher rates tend to strengthen the dollar, traders are anticipating that it will continue to fall and, consequently, that investors will keep turning to commodities including oil as a hedge against inflation.
“Oil’s back in favor, especially with people bailing out of the stock market,” said Jim Ritterbusch, president of energy consultancy Ritterbusch and Associates in Galena, Ill.
The stock market’s recent swoon is also sending investors in search of higher-yielding investments. On Thursday, the Dow Jones industrial average fell nearly 360 points, and in afternoon trading Friday was down more than 100 points.
OPEC chief sees oil at $150-170 in coming months
Reuters
June 27, 2008
Crude oil prices could rise to as high as $170 per barrel in the coming months but are unlikely to hit $200 and should ease towards the end of the year, OPEC President Chakib Khelil said in an interview on Thursday.
“I forecast prices probably between $150-170 during this summer. That will perhaps ease towards the end of the year,” he told France 24 television, according to a text of the interview released by the station.
Gold Futures Rise as Oil Surges, Dollar Falls
IBT Times
June 27, 2008
Gold futures rose above $930 an ounce on Friday to the highest price in a month as crude oil hit a record high and the U.S. dollar continued to weaken, boosting the investment appeal of the precious metal as a hedge against inflation.
Gold for August delivery rallied $16.20 to end at $931.30 an ounce on the Comex division on the New York Mercantile Exchange. The yellow metal hit an intra-day high of $933 an ounce, the highest for a most-active contract since May 27.
The precious metal posted a weekly gain of $27.60, or 3.1 percent from last Friday’s closing level of $903.70.
Gold is likely to regain $1,000 an ounce by the end of 2008 and work higher through 2009-2010, said John Hill, an analyst at Citigroup, in a research note.
Also on the Nymex, Silver futures for September delivery rose 49 cents, or 2.8 percent, to $17.71 an ounce. The metal climbed 1.8 percent this week and is up 19 percent this year.
http://www.guardian.co.uk/world/2008/jun/25/usa.subprimecrisis
Stocks Mostly Lower Again
http://biz.yahoo.com/ap/080627/wall_street.html?printer=1
The Shrinking Influence of the US Federal Reserve
http://www.spiegel.de/international/world/0,1518,562291,00.html
Money being pulled out of NYC banks: High demand for wire transfers
http://www.waynemadsenreport.com/articles/20080624
Dow Tumbles 360 Points
http://news.yahoo.com/s/ap/200..p7tkyjYvSV08ZQAF3YkzSNv24cA
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