money laundering

Benjamin Franklin, Rolling Over In His Grave by Bill Bergman

The amount of U.S. currency circulating outside banks rose sharply in July/August 2001. The growth ran into the billions of dollars, and was concentrated in $100 bills. These large-scale currency movements matter for anyone who cares about learning the truth about 9/11.

Under money laundering and other laws, assets can be frozen and seized in the banking system. Knowing this, parties concerned that their assets might be frozen or otherwise at risk after 9/11 would have had an incentive to liquidate securities and banking accounts beforehand, and withdraw their money in difficult-to-trace ways. This could have happened in U.S. banking and securities accounts, as well as accounts denominated in U.S. dollars outside the United States. Finding the parties responsible for large-scale withdrawals of currency before 9/11 could help identify people aware of, if not responsible for, those events.

What happened to the WTC Hard Drive Recoveries? (Convar),2933,41004,00.html

German Firm Probes Final World Trade Center Deals

Monday, December 17, 2001

PIRMASENS, Germany — German computer experts are working round the clock to unlock the truth behind an unexplained surge in financial transactions made just before two hijacked planes crashed into New York's World Trade Center Sept. 11.

Were criminals responsible for the sharp rise in credit card transactions that moved through some computer systems at the WTC shortly before the planes hit the twin towers?

Or was it coincidence that unusually large sums of money, perhaps more than $100 million, were rushed through the computers as the disaster unfolded?

A world leader in retrieving data, German-based firm Convar is trying to answer those questions and help credit card companies, telecommunications firms and accountants in New York recover their records from computer hard drives that have been partially damaged by fire, water or fine dust.

Embezzled Money Is Used to Pay Insurance Claims

It is a well kept secret that insurance companies are not required to account for the source of money to pay claims. The relationship between 9/11 and insurance industry money laundering needs further investigation by researchers who have more time and resources than I do.

Larry Silverstein's settlement for the WTC destruction of 9/11 was fraudulent. He received much more than the appraised value of the buildings. Why did the insurance companies not prosecute Silverstein for fraud? It wasn't insurance company money used to pay the settlement.

No regulatory agency oversees that insurance claims are actually paid with insurance company money. Insurance companies accept embezzled money to pay claims. The embezzled money cannot be traced back to its original source.

Here is a documented example. From:

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