u2r2h blog: 911 Terrorist Money Supply Myth

On this Graph IT LOOKS LIKE the money supply was sharply increased BEFORE the 9/11 mass murder (committed by US military special operations), but the ACTUAL NUMBERS do not confirm this.
(The link maybe offline, but I have saved the file. If you cannot find it in a nother way, I can dredge it up and put it online)

911 money supply federal reserve 2001 m1 m2 m3

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Newsgroups: uk.finance, misc.invest.stocks, alt.politics, jaring.general, alt.politics.economics
From: u...@gmx.net
Date: 25 Jan 2006 02:24:35 -0800
Local: Wed, Jan 25 2006 5:24 am
Subject: 9/11 Money Supply Spike (M1)

Looks like 911 was not the biggest murder event, but
the biggest BANKS creating CREDIT ...

http://dc.indymedia.org/media/all/display/28767/index.php

http://dc.indymedia.org/media/all/display/28768/index.php

amazing ..

what do you make of it?

======================

From: "sam fisher" 
Date: Wed, 25 Jan 2006 05:58:52 -0600
Local: Wed, Jan 25 2006 6:58 am
Subject: Re: 9/11 Money Supply Spike (M1)

Here you can see that the spike occured right ON/AFTER 911, which was widely
reported and the FED did that to avoid a crash:

http://www.federalreserve.gov/releases/h6/hist/h6hist9.txt

To me it's more troubling looking at this chart that what is perceived as
economic growth since Reagan is in fact inflation and an artificial increase
in the money supply.  That includes much of the 90s although I see a feeble
attempt by Clinton to flatten this insane inflationary trend.

======================

From: u...@gmx.net
Date: 26 Jan 2006 19:51:39 -0800
Local: Thurs, Jan 26 2006 10:51 pm

Subject: Re: 9/11 Money Supply Spike (M1)

> Here you can see that the spike occured right ON/AFTER 911,
> http://www.federalreserve.gov/releases/h6/hist/h6hist9.txt

most excellent info.

Many thanks.  Another myth dispelled.

Here are some more tidbits for your perousal.

http://www.amnesty.ie/content/view/full/5051/

would you agree that 9-11 was executed by the JOINT CHIEFS OF STAFF?
http://u2r2h.blogger.com/

==========================

This in response to this post in the alarmist 911blogger.com .. still worth a read, and especially watch the
MONEY AS DEBT MOVIE!!   DOWNLOAD AND INFO HERE!

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

March 22, 2007 – William Bergman worked at the Federal Reserve Bank of Chicago from July 1990 until early 2004. He served as an economist for eight years, and then moved to a senior analyst position in a new department researching financial market and payment system risk policy issues. In late 2003, he was asked to consider an assignment in the money laundering area. Bergman accepted the assignment, underwent a background check, received credentials affording access to confidential banking information, and began working in the area. He was told that he was “part of the fight against terrorism” and that he “had been asking good questions.”

One aspect of the assignment to the money laundering area was for Bergman to develop a paper that, if accepted, could serve as a reference source for the Federal Reserve System.

Bergman decided to begin his new assignment by developing a 40 question Q&A in order to introduce himself and anyone else new to the money laundering area to the topic. He thought that the Q&A could serve as a primer that dealt with the fundamentals, including some history on money laundering, recent legal developments in the area, and the role of banking regulators.

After submitting his draft to a supervisor, Bergman received approval of his work and was told that it could be considered as a reference. However, in his Q&A, Bergman left one question without an answer. That is to say that Bergman submitted his 40 question Q&A with 40 questions, but only 39 answers. The supervisor that reviewed the draft told Bergman that he should continue his work by answering the only remaining unanswered question in the draft.

What prompted the unanswered question that Bergman incorporated into his draft? Bergman had noted that the Board of Governors of the Federal Reserve had issued supervisory letters to the 12 Reserve Banks in the weeks after September 11, 2001 urging scrutiny of suspicious activity reports in tracking terrorism activity and financing. However, Bergman also noticed that the Board of Governors had issued a similar letter, albeit one that did not refer explicitly to terrorism, on August 2, 2001[1]. According to Bergman, terrorism and terrorist financing were known to be part of ‘suspicious activity’ however, and the August 2, 2001 supervisory letter clearly called for scrutiny of suspicious activity, which implies and includes the tracking of terrorism activity and financing. The unanswered question on Bergman’s 40 question Q&A asked why the Board had issued the August 2, 2001 letter – a very fair, logical, and important question that has yet to be answered to this day.

Given the fact that the supervisor gave him the green light and directed him to find the answer regarding the August 2, 2001 supervisory letter, Bergman decided that the best method to discover the answer was to contact the staff of the Board of Governors of the Federal Reserve directly. In December 2003 he called the Board and inquired about the meaning and motivation behind the August 2, 2001 letter. Within two weeks his assignment was abruptly terminated and his credentials canceled.

Bergman explains:

Approximately one month after his money laundering work was terminated for what was described at the time as an egregious breach of protocol attributed to his contacting the staff of the Board of Governors, Bergman’s department was absorbed into another department, and his 14-year employment with the Federal Reserve ended. Bergman was told that the elimination of his position at the Federal Reserve had nothing to do with him personally – that it was an organizational matter. He was offered and accepted a severance package, and left the Chicago Federal Reserve Bank in March 2004.

Whether inquiring about the unusually high put options placed prior to 9/11 on airline companies such as American and United, or the World Trade Center Complex insurance companies such as Axa, Allianz, along with other insurance companies of interests, put options that then most likely made the insiders billions of dollars as a result of these companies’ stock values plummeting after 9/11, or about an unusual spike in the currency component of the M1 in July / August 2001 that appears to be $5 billion denoted in $100 bills – and what the reader is left with is more evidence that prior knowledge of 9/11 was rampant in the United States and that the event could have been prevented but was instead, enabled and exploited.

And what about the August 2, 2001 supervisory letter? What prompted it? Sadly, Americans are once again left with trying to determine for themselves - because nobody entrusted to uphold the rule of law free from passion or prejudice is willing to launch a thorough and purposeful criminal investigation - who knew what, and when.

Prior knowledge of 9/11 without action and / or effort to prevent the events from unfolding is at minimum – criminally negligent homicide – a felony. For many within the U.S. government and foreign intelligence community, as well as the banking cartel, for the entire wide-ranging set of un-indicted co-conspirators, justice waits, but must prevail.

THE DISTRIBUTION OF GOODS
and it controlling economic circumstances

INTRODUCTION

“One offered if to the entrepreneurs the available capital for the half of the current interest,
so also soon the interest yield of all remaining capitals would have around half of fallings.
If e.g. a house throws more rent off, than the building money at interest costs the entrepreneur,
if the interest of the money spent on the Roden of a forest constitutes less than those
Lease of a equivalent good culture soil, then becomes the competition infallibly a reduction
the rents and leases on the height of the lowered Geldzinses cause (thus that
Increase in value diminish), because the safest means, around an active capital (house, field) too
cancel to thus cut (in order the increase in value to favour of the wages), consists nevertheless of it,
beside it others to create and put into operation new capitals. After all landlord
schaftlichen laws increases a larger production also the mass the workers
offered capital, lifts the wages and must finally the interest (increase in value) on zero
bring. “

Translated from Proudhon: What is property? (Qu'est ce que la proprieté? Paris.
E. Flamarion, new expenditure, P. 235.)

The removal of the unemployed person of income, the so-called increase in value, also
Interest and pension mentioned, is the direct economic goal of all socialist
Efforts. The reaching of this goal communism, those becomes general
Nationalization of the goods production with all its consequences, requires, and me only is in
only socialist admits - P.J. Proudhon -, its investigations over the nature
the capital to it also another solution of the task to appear possible left. Those
Demand of a general nationalization of all production becomes with nature,
i.e. justifies with the characteristics of means of production. One says it harmlessly, how
one naturalnesses to express maintains that the possession of production
means the capitalist with the wage negotiations opposite the workers under
all circumstances a predominance to provide, its expression must evenly the more
worth or interest on capital is and will always be. One cannot introduce oneself it simply,
that today the predominance simply thereby on the possession, which is on sides of the possession
it draws (workers) to turn into can that one the possessing beside each house, each factory
still another house, still another factory builds.

That the socialists of P.J. Proudhon already before fifty years way shown, that
Principal one with undaunted, industrious, astute and unrestrained work consciously
to attack and to the distance bring, is them today more incomprehensibly still than at that time.
One forgot Proudhon not completely, but nobody understood him quite.
Otherwise there would be today no more capital. Because Proudhon itself in the way (exchange banks)
, did not believe one erred at all its teachings any longer - probably the best proof that
one had never really understood it. One does not let a thing, which one once drive
as correct recognized; one cannot be discouraged by misses.

Why it succeeded to the Marx theory of the capital, the Proudhon theory to en
to bring urge and the socialist movement to the autocracy? Why speaks
one in all newspapers of the world of Marx and its teachings? One meant, which would lie
to the hopelesness and appropriate Harmlosigkeit of the Marx teachings.
No capitalist is afraid this teachings, like also no capitalist the Christian teachings
is afraid. It would be almost favourably for the capital, as much as possible and broadly from Marx
to talk and Christ. Marx could never wear to the capital somewhat, because
he the nature of the capital wrongly judges. With Proudhon against it, there means it watch out.
It is better to hush up it. It is a dangerous Bursch, because it is simple un
traversable, which he says that, if the workers unimpaired, unrestrainedly, continuously
to work would be allowed to do, the capital soon in a capital overproduction (not with being
overproduction would suffocate to confound). What Proudhon for fight
the capital recommends, can today directly be tackled, is thus
dangerously. Nevertheless the Marx program speaks of enormous production
strength, of the modern, trained acre equipped with the modern tools
beiters. Marx can begin quite nothing with this enormous production strength; in
the hands Proudhons it becomes a weapon of all first order against the capital. Therefore
talks much and broadly about Marx, then one is forgotten perhaps completely Proudhon.

It seems to me that the man, who talked in such a way has quite. It did not go also in such a way with Henry
George and the German so-called land reform movement, with Damaschkes more largely
“Truth”? Because the basic owners found out soon that it itself around a sheep in
Wolf dresses (1) it acted that a taxation of the ground rent effectively not through
supply is, then one did not need to be afraid the man and the reform. Thus was allowed
the press freely about Henry Georges Schwärmerei talk. - The Bodenreformer was
in the good society everywhere gladly seen. Each Agrarier, each grain tariff speculator
became Bodenreformer. The lion had nevertheless no teeth, therefore one was allowed with it
play - play like so many in the halls of the distinguished world with the Christianity.
Georges book experienced the largest edition, which experienced a book ever. All newspapers
discussions brought!

Marx investigation of the capital hits from the outset the wrong way.
As it makes the first best farmer, then also Marx regards the capital as a special property.
For Proudhon against it the increase in value is not product of a special property, but one
economic condition, a market relationship. Marx sees one in the increase in value
Robbery, the fruit of the abuse of a power, which the possession gives. For Proudhon
the increase in value is subject to the law of supply and demand. For Marx is that
positive increase in value naturally, for Proudhon had also the possibility one
negative increase in value into the circle of the view to be pulled (positively = that
Increase in value on sides of the offer, D. i. the capitalists, negatively = increase in value up
sides of the demand, D. i. the worker). Marx' way out is by organization too
creative political supremacy that possession lots; Proudhons way out is the removal of the
Obstacle, which holds us from the full development of our production strength. For Marx
strike, crises is welcome events, and the means for the purpose is the closing
liche expropriation by force of the Enteigner. Proudhon against it says: Omit you
no condition from the work hold, nothing strengthens the capital more than the strike,
the crisis, unemployment; nothing can stand the capital more badly than more unver
drossene work. - Marx says: The strike, the crisis bring you to the goal closer, by that
large Kladderadatsch it to Paradies introduce. No, says Proudhon, it is
not truely, it is swindle, - all these means remove you from the goal. Never becomes that
Interest thereby also only 1% to be abgeluchst. Marx sees in the private property a Kraft
and supremacy. Proudhon recognizes however that this supremacy in the money its supporting
point has and that under other conditions Kraft of the property itself even in
weakness to transform can.

, Like Marx says, the capital is a special property, on its possession the supremacy that
Is based to capitalists, then would have with each Vermehrung of these special goods the capital ent
speaking to be strengthened. A bundle straw weighs, a barrow fully value literature
2 hundredweights, then weigh two bundles, two barrows everywhere, at all times, exactly
4 hundredweights. And a house throws 1000 Mark increase in value off in the year, then ten houses must,
beside it to be built, always and naturally 10 x 1000 the Marks throw off -
the correctness provided that the capital as special property to be regarded is.

We know however; that one cannot add the capital like the special goods,
that on the contrary very often the again which is added capital from the already existing
to be taken off must. That can observe one all days. Perhaps apply
10 hundredweights of fish on the market more than 1000 hundredweights. As air would be expensive,
if it were not so in great quantities represented. Now it receives to everyone in vain.

As, not for a long time before outbreak of the war, the desperate owners of house in the pre
locate Berlin to the fall of the rents - thus the increase in value - referred and
in the civil newspapers in all seriousness of that

Building rage (2) the worker and entrepreneur,
of that
Building plague (2), which prevails in the house capital,

, there could everyone was spoken the true nature of the capital in their whole he
see bärmlichkeit. The capital so feared of the Marxists dies at the building plague,
tears before the building rage of the workers out! If Proudhon and Marx had lived at that time!
Hears on to build, Marx would have said, complains, begs, jammert over unemployment, strikes
in addition, because each house, which builds it, mehrt the power of the capitalists, like 2 + 2 = 4
is. The power of the capital based on the increase in value, and this at the interest rate. Ever
more highly the increase in value, the interest of the house, all the more powerfully is certainly the capital. Therefore
if I recommend you, leave off of this ungefesselten building rage, require the eight, that
six-hour working day, because the more for her houses builds, is the larger change of amplifier
lich the increase in value, and housing rent actual increase in value! Thus conclusion with the building plague;
the less you build, all the cheaper dwellings it will find.

Perhaps Marx would have guarded to express but think such nonsense in such a way
and the workers act those nevertheless today due to the Marx teachings, the capital
as special property treats.

On the other hand Proudhon. Always drauf loosely! Ago with building rage, ago with the building plague! would have
it said. Worker, entrepreneur, leave to you on no condition the trowel
wind from the hand. Strike it dead, which hold you from the work. Those are your
Hereditary enemies. One brings before my eyes, those from building plague, from housing over pro
duktion, so long the housing rents traces talk about increase in value, about principal
interest show! The capital is to go at the building plague at the basis! Since about 5 years has
one you without supervision of your building rage leaves, and the capitalists already feel it
they already cry over the fall of the increase in value; already is the house interest of 4
on 3% please - thus around a full quarter. Still 3 x of 5 years unimpaired work,
and in increase in value-free houses you broad for it will make, really once “will live”
can. The capital dies, it is thereby and on the way, it with your work too
destroy!

The truth is putrid like a crocodile in the mud of the eternal Nile. The time applies
for it not; it does not depend it on a generation; it is eternal.

But the truth has a Impresario, that, mortally like humans, it always
hasty has. Him time money is, always is active and excited it. This Impresario is called
“Mistake”.

The mistake cannot putridly in the grave the eternities actually by-pulls to leave. It
knocks against everywhere and everywhere one pushes. It is appropriate for all everywhere in the way. Nobody
lets rest it. It is the true stone of the impact.

Therefore it does not depend at all on the fact that one hushes up Proudhon. Its opponent
even, Marx, ensures with his mistakes already for the fact that the truth to light promoted
becomes. And in this sense one can say: Marx is to the Impresario Proudhons ge
. Proudhon did not turn ever in the grave; it rests. Its words have
eternal value. But Marx has it hasty. He did not awake peace, to Proudhon and to him
the eternal peace in the museum of human erring gives.

And Proudhon would have been hushed up really, the nature of the capital changes
itself nevertheless not. Another finds the truth. On the name of the Finder comes
it it not on.

The author of this book is come on the same ways, which changed Proudhon,
and came also to the same conclusions. Perhaps it was even a luck that it nothing
from the Proudhon capital theory knew, because so it could unabashedly to those
Go to work. And impartiality is the best preparation for the research.

The author had more luck than Proudhon. He did not only find what
Proudhon already before fifty years discovered, D. i. the true nature of the capital, it
found or invented beyond that still the passable way to the Proudhon goal.
And on these it finally arrives.

Proudhon asked: why do we have too few houses, machines and ships? It
on it also the correct answer gave: because the money the building does not permit! Or over
to use its own words: “because the money is a sign guard, those, to that
Entrances of the markets set up, which password has to let nobody through. The money,
thus you mean, are a key of the market (under what here the exchange of the production
nisse to understand is) - it is not true - the money is a latch plate ".

The money does not permit it simply that beside each house still another second built
become. As soon as the capital does not bear the conventional interest any longer, that strikes
Money and interrupts the work. The money works thus actually like a protective agent
against building plague and work rage. It takes the capital (houses, factories, ships) in
its protection against each Kapitalvermehrnng.

When Proudhon had recognized this latch plate or check nature of the money, he placed those
Demand: Fight me this privilege of the money, by we the commodity and work too
cash money raise. Because two privileges waive themselves mutually, if them in
other opposite-step. We attach the same predominance of the money also the commodity,
thus both predominance waives itself mutually!

That was Proudhons thought and suggestion, and in order these to implement, created
it the exchange banks. They failed as well known.

And the solution of the task, which did not want to glücken Proudhon, is simple nevertheless
enough. One needs in addition only once the used point of view of the owner of money too
left and itself the task of the point of view of the work and the owner of goods
to regard. Then one finds the solution immediately. The commodity is the true basis that
National economy, not the money. Of goods and their compositions consist
99% of our wealth, only 1% consist of money: And treat we regard
thus the commodity, like one foundation walls regarded, is called agitates we not to it; leave
we the goods so, as they appear on the market. We can do nevertheless nothing to it
change. , Breaks, passes the commodity, well, putrefies then we let it offense. It is their
Nature. We may improve Proudhons exchange banks still so much, we can it
do not prevent that the newspaper, those in the morning at 6 o'clock from sprinters
, two hours after to the committee paper one will already throw must, if it
no buyer found. Also we must note that the money generally as savings means
one uses; that all money, which serves the trade as article of exchange into the saving
flows to cashes and to lie there remains, until it is drawn out by the interest. As want
we in addition, for the savers the goods on the status of the cash money (gold) he
lift? As we want to make it that the savers, instead of saving money their saving
cans or Sparkammern with straw, books, bacon, Tran, skins, Guano, dynamite,
Porcelain etc. fill? And that is it nevertheless, which actually erstrebte Proudhon, if he
Goods and money on same status set, it perfectly equivalent make
wanted. Proudhon had surveyed that the today's money not only article of exchange, but
also savings means is, and that for the stores of the savers money and potatoes,
Money and lime, money and cloth never and in no relationship as things resemble
Worth to be regarded. A young man, who saves for its old days, becomes only one
Gold coin that contents of the largest department store prefer.

Thus we leave the goods in peace. They are the giving, the world, that itself the remainder
to add has. We regard for it once the money more near. Here we can already
make rather changes. Does the money have to be like that, how it is? The money must as commodity
better its than the goods, which it is to serve as articles of exchange? Must with a fire
brunst in the department store, with a Überschwenmung, with a crisis, a fashion
changes, a war etc. the money alone remain protected against harm? Why must
the money better its than the goods, which it is to serve as articles of exchange? And is this
“Good its” not evenly the privilege, its existence we as the cause of the more
worth explain, its removal Proudhon erstrebte? Thus away with the privileges
the money! The money is as commodity for nobody, also for the saver, speculator and
Capitalist not better its than contents of the markets, shops, railway sheds.
The money is thus, if it may have the goods opposite no privileges, like those
Goods rust, to mould, putrid; it is zerfressen to become, gets sick, of
run, and if it ends, is the owner still the wages of the Abdeckers
pay. Then we will only be able to say, money and commodity conditions on same
Status and would be perfectly equivalent things - have as it Proudhon
wanted.

We give a commercial formula to this demand. We say: the owners
the goods suffer throughout during the storage time a loss at quantity and quality
the goods. Besides are the storage costs (rent, insurance, maintenance and so
to pay far). How much makes computed and on the average on the year? Legends
we once 5% - which is rather too low as too highly seized.

How much however a banking house, a capitalist a saver of its money has abzu
write, do he at home or in the savings bank kept? Around how much was the war
treasure in the Juliusturm become Spandau in the 44 years, which it stored there, less?
Around no Pfennig the treasure had become smaller!

Is however like that, then we have already the answer to our question: we hang
the money the same loss on, which the goods in stock suffer! Then is the money
no longer better than the commodity, then it is for everyone einerlei whether it possesses money or goods
or saves, then money and commodity are perfectly equivalent, then Proudhons is mystery
solved, his soul from the purgatory releases; the chains are cut, those those
Mankind since more jeher from the development of their forces prevented.

The arrangement of this investigation to a sociopolitical program (those
natural economic system) brought it with itself that I the solution in speech
standing mystery only in the 3. - 5. Part bring and the part “open land” send on ahead.
The clarity was lifted by this arrangement, the goal, the natural
Economic system, better reveals. Whom it depends however on it, particularly to he
drive, like Proudhons problem now solved is, begins also part of 3-5 and
part 1 and 2 reads in the end.