fiat currency

Former Fed analyst questions M1 currency component spike prior to 9/11

Good detectives don't need to be reminded to "follow the money" when investigating a crime. However, according to Thomas Kean, the chairman of the 9/11 Commission, following the money trail in the many crimes committed in connection with the events of September 11th was "of little practical significance." For Kean, following the money in crimes that included the mass murder of over 3000 people in these united States alone was too much bother to pursue in that it only cost about $166 per murder. But, that only considers the possible cost of perpetrating the crimes and doesn't take the benefits into account?

'Cui Bono' is a latin phrase suggesting that a person or persons guilty of committing a crime might be found among those who stand to gain financially. The person(s) who benefit may not always be obvious. And, they may have cunningly created a scapegoat that successfully diverts attention elsewhere. So, where does the money trail for the events of 9/11 lead?

The Federal Reserve is the central banking system through which all financial transactions must flow. Anyone with a working knowledge of the history of the Federal Reserve System would agree that the Fed weilds enormous power. The Federal Reserve, along with other central banks in the world, have been implicated in fomenting and funding all of the major wars for the last one hundred years. Certainly, the Fed is powerful enough to exercise influence over the puny politicians comprising the 9/11 Commission and it's putrid executive director. The Fed easily possesses the power that would be required to keep incriminating information to their detriment from seeing the light of day. Should it come as any surprise then, that the Fed may very hold a master key to unlocking the truth about 9/11?

William Bergman worked at the Federal Reserve Bank of Chicago from July 1990 until early 2004 as an economist and senior analyst.

Bergman explains:

At the time I was also looking into and asking questions about currency flows. I thought these questions were worth pursuing, and was planning to raise them when I made the above-noted phone call to the Board of Governors. The currency component of M1 (Federal Reserve Notes circulating outside of banks) rose especially rapidly in July and August 2001. In fact, up to and including August 2001, that month (August 2001) was one of the three fastest growing months for the currency component of M1 since 1947, on a seasonally adjusted basis, even on the heels of significantly above-average growth in July 2001. Much of the July-August surge (over $5 billion above-average) seems to have been in the $100 denomination. Among other explanations, persons aware of any imminent terrorist attacks and concerned about possible asset seizures such as those that arose after the 1979 Iranian hostage crisis and the 1998 embassy bombings could have been trying to liquidate their bank accounts in July and August 2001. The money trail could provide important clues about people aware of, if not responsible for, the attacks. I looked at some internal data bearing on this issue that was available to anyone within the Federal Reserve’s internal computer network; after going back to look at this important data again a week or two later, it was no longer freely available, but password protected.

Full story:
Former Fed analyst questions M1 currency component spike prior to 9/11

http://www.muckrakerreport.com/id378.html

Slightly OT: My money issue 101- as money is the force behind the curtain

that makes the world look like it is.

This is my money issue 101.

As long as we have debt based interest loaded fiat currency all over the

world, we will have the same old problems.

My sources: Congressman Jerry Voorhill, "Out of debt, out of danger". 1943.

http://www.noontidepress.com/catalog/product_info.php?cPath=31&products_id=149

Nobel-price-award-winner: Frederick Soddy. 1926:

"Wealth, virtual wealth and debt. The solution of the economic paradox"

Gertrude Coogan: Money Creators. 1935. with a forword of Robert Latham Owen,

Sen. and chairman senate financial and currency committee 1913 at the time of the Fed act.

http://yamaguchy.netfirms.com/coogan_g/coogan_index.html

He himself wrote the book: "The federal reserve system". Back in 1919.

http://bioguide.congress.gov/scripts/bibdisplay.pl?index=O000153

Later he changes his mind completely:

http://www.sonnet.com/usr/kidogo/coogan.html

Stephen Zarlenga: Lost science of money.

http://www.monetary.org/lostscienceofmoney.html

Silvio Gesell: Natural economic order.

http://www.systemfehler.de/en/neo/

Bernard Lietaer:

http://www.transaction.net/money/bio/lietaer.html