Important 9/11 Financial Anomaly Revealed!!

Impressive chart ipsedixit. I had to star you for that effort. I re-posted it below for comparison.









Interesting that the second chart which isolates the M1 currency component (M1 minus demand deposit accounts for the same time period), doesn't show a corresponding anomalous spike. However, both charts do represent the Y2K spike at the end 1999...when nervous depositors were withdrawing currency in preparation for a full-system lock-down.

At least on the surface, what this tells me is that majority the M1 increase in July/August...just prior to 911, was in the form of new money (loans) held in checking accounts...a result of 7 consecutive rate cuts, and active Fed repurchase operations (the Fed panic represented in the 3rd chart). Greenspan was stimulating like a drunken-lottery winner.

I'm pretty sure that the anomalous super-spike on ipsedixit' chart occurred in September following 911, and that it corresponds to the super-spike in MZN represented in the 3rd chart. MZM = Money of Zero Maturity, i.e. M1 plus cash in money market funds.

I'm not sure that this input contributes to the conspiratorial bottom-line of this thread either way...just the musings of an non-professional.

When loans are made, the money is simply moved to other accounts, i.e. real estate purchase and sales. It is even across the board. If a particularly heavy sales week occurs, one spike offests another.

When money is withdrawn in great quantity, and not redeposited elsewhere, that will cause spiking on withdrawals. Either people are moving it out of the country or hoarding it somewhere. No offsetting spike appears.

If that much cash starts to move in the economy, that can easily lead to inflation and devaluing the dollar. How far did the dollar devalue a week before 9/11/2001? Was it enough to offset that withdrawal spike? If not, that single spike is explained in my second paragraph.

It might be well to remind people that Mr.Bergman was a money laundering specialist working for the Fed. He looked into the currency surge prior to 9/11 and found out that people were stocking up on $100 bills in the two months prior to 9/11. The figures seem to back him up, however interpreting these figures is a job for the detail oriented. He talked to his bosses about it.

When Mr. Bergman went back to look at the numbers in more detail he found that what was once available to him on the Fed's intranet was now password protected. His position at the Fed was then eliminated.

Here are the figures in more detail from the following website. There is no question that the rate of increase of the M1 Currency Component increased in July and August of 01. There have been numerous lurches upward in the money supply since Y2K. Mr. Bergman was prevented by the Fed from investigating the cause of the pre 9/11 surge.

www.economagic.com...

2001 015532.6 -6.518% 1.719% 2001 015532.6 -6.518% 1.719%
2001 021536.3 8.662% 3.653%
2001 036539.7 7.879% 4.371%
2001 041542.9 7.352% 4.746%
2001 055546.0 7.071% 5.162%
2001 061549.0 6.796% 5.374%
2001 070554.7 13.196% 6.061%
2001 085562.0 16.987% 7.622%
2001 098566.3 9.578% 8.300%
2001 106569.9 7.901% 8.614%
2001 114575.6 12.685% 8.974%
2001 122585.2 21.956% 9.261%

Here is a graphic illustration of the last seven of the above figures:



Here are detailed figures from the St.Louis Fed website:

research.stlouisfed.org...

2001-05-07 544.6
2001-05-14 545.2
2001-05-21 546.2
2001-05-28 547.0
2001-06-04 547.5
2001-06-11 547.5
2001-06-18 548.3
2001-06-25 549.5
2001-07-02 550.4
2001-07-09 551.0
2001-07-16 553.6
2001-07-23 556.0
2001-07-30 558.0
2001-08-06 559.3
2001-08-13 560.8
2001-08-20 562.4
2001-08-27 564.6
2001-09-03 565.3
2001-09-10 565.4
2001-09-17 568.2
2001-09-24 569.5
2001-10-01 570.0
2001-10-08 570.5
2001-10-15 571.0

I have to admit that having looked at the figures both before and after 9/11, I am less convinced that these are decisive proofs of an inside job, but they might be, if investigated as Mr. Bergman intended.

Stealing from John Lennon: All we are saaaaying is give an investigation a chance.

[edit on 11-2-2008 by ipsedixit]

[edit on 11-2-2008 by ipsedixit]

Well if you were the perps of the greatest crime in America's history it would make sense that we would run up against this wall where facts end and speculation begins. Without facts or a real investigation we are forced to speculate.

For instance the actual amount of precious metals stored in the WTC is not public knowledge.

So Obe1 would you care to put on your evil mastermind hat??
At the very least would you say that these figures and Mr. Bergman's statements demand answers??? Or is this just SOP at the Fed?

I admit I am out of my element regarding high finance. However, as with everything else 9/11, something stinks! 5 Billion in $100's...sheesh...

The dramatic M1 'spike' represented in the above chart occurred in September, 2001. However, a corresponding rise isn't reflected in the M1 currency component.

I'm conjecturing that the July/August M1 activity that Mr. Bergman was interested in, could be attributed to a rejection of aggressive (historic) Fed easing/repos during the same period...and the anticipation of an 8th consecutive rate-cut in September. Smart dollars moving into higher yielding assets. Most folks don't hoard devaluating currency in coffee-cans. I may, or may not...be the exception to that rule

The Dollar went into full-blown Bear-mode at the end of 2001...and a-lot of cash saw it coming.

A note on the Federal Reserve. The only stockholders are member-banks (Fed depository institutions). However, when the system was founded in 1913, the Federal Reserve Act did allow for the limited sale of public stock (to private individuals) by regional Fed banks, but only if the minimum $4MM? initial start-up capital could not be raised through the sale of stock to member banks. Folklore has it, that the sale of public stock was unecessary...and never occurred.

*Ruminations of a broke-down cement contractor......have mercy.*

I have a small mutual fund I keep active, to gauge which way the winds are blowing in the markets. I knew something funny was going on immediately after 9/11/2001, and was not a positive funny going into my mutual fund.

By the beginning of 2004, after being invested in a higher risk/higher return fund, in one of the top 25 mutual funds for almost 5 years, I was almost back to my original investment. That never should have happened under normal circumstances.

The following is part of the keys, particularly the second, to why that was happening to many of us in the US, including those with Keogh and 401(k) plans:

findarticles.com...

www.bis.org...

The international banking market

In the fourth quarter of 2001, international banking flows to emerging economies increased for the second consecutive period. Net inflows totalled $25 billion in the fourth quarter, reversing outflows averaging $38 billion per quarter between mid-1999 and mid-2001. Claims on Southeast Asia increased for the first time since the financial crisis there. Flows to China and oil-exporting countries also turned positive, although this stemmed from a withdrawal of deposits rather than a rise in lending. Banks reduced their exposure to Argentina but increased their claims on Russia and other eastern European borrowers.

Originally posted by Leo Strauss

So Obe1 would you care to put on your evil mastermind hat??

At the very least would you say that these figures and Mr. Bergman's statements demand answers??? Or is this just SOP at the Fed?

Imo, it's all possible LS. After-all, JFK, Gulf of Tonkin etc...and yes, NYC/TT all happened right in front of my nose. I hope to dig a little deeper on this one as time allows...you kinda hooked me.

Peace/o

I've been googling myself in recent weeks, and would just like to thank the people contributing to this thread. This has some of the best discussion of my material that I've seen. Thanks, Leo, ipsedixit, et al.

[edit on 16-2-2008 by Bill Bergman]

reply to post by Bill Bergman


Bill,

Welcome to ATS! Do you think the Baltimore Chronicle article captures the essence of your concerns regarding 9/11??

Did you speak with Jim Hogue directly for the article?

These are just a couple of questions I have for you. Are you able to speak about your work at the Fed? Anything we are missing thus far?

Ofcourse there is no way we can confirm your identity, perhaps you could offer something that will let us know you are not some kid fooling around!

Thanks Again!!

Hi Leo

Yes, I think the article was accurate. Jim interviewed me on his radio show, then wrote it up. I think he did a really good job.

I'm trying to think of a creative way of proving I'm really me, and coming up empty. Some kid out there wouldn't know my first nickname as a kid was Bird-doo. Later I became Jocko (in high school) followed simply by Jock, and the reason why was actually kind of embarrassing, but I don't think you can verify that very easily either. Another piece of trivia, speaking of money laundering. I found out a few years ago, in my mid-40s, why I was named William, and why my grandmother didn't like to talk about the Irish family background. My great-uncle was William "Klondike" O'Donnell, one of Al Capone's biggest enemies in Chicago, and it wasn't because Klondike was in law enforcement.

Below is a link to a website for "Washington Whistleblower Week" last year. A written version of my statement is there.

www.vawbc.com...

I'd like to emphasize that there could still be relatively innocent explanations for the surge in currency shipments in July/August 2001. But the matter certainly seems to continue to want for aggressive, honest investigation, and along several avenues, including some you identified.

Bill

Originally posted by Bill Bergman
I've been googling myself in recent weeks, and would just like to thank the people contributing to this thread. This has some of the best discussion of my material that I've seen. Thanks, Leo, ipsedixit, et al.
[edit on 16-2-2008 by Bill Bergman]

Oh my God! I'm in shock! I'm going to have to reread this thread and try and figure out what he means. Bill Bergman, wow! Maybe the President will turn up on a thread next, or one of the five dancing Israelis.

Kudos to Bill and props to Leo and ATS!

[edit on 16-2-2008 by ipsedixit]

Bill,

I am curious about the heat and threats can you elaborate.

It does indeed look like a significant subsidy, one that is a consequence of Federal Reserve practices at odds with federal law. I was invited to present this paper in Washington at a significant public policy research organization, and took a lot of heat, including a threat that I should not accept the invitation to present the paper. I chose to decline the invitation.

Was the threat about losing your job or worse???

I realize you lost your job re 9/11 investigation. Any other direct or indirect threats re 9/11?

By the way that Whistle Blower link and your article were great.

Thanks!

Regarding the Fedwire paper, I was told that "you need to drop this and move on, or do this, and really move on." He was pretty mad, let's just say.

No other threats re: the currency material, but some people have told me to watch my back, and they weren't kidding. "You're the one they are going to shoot, Bill."

Again, I don't want to be a dog barking up the wrong tree, like I told Jim, but I can't stop barking.

Originally posted by Bill Bergman
No other threats re: the currency material, but some people have told me to watch my back, and they weren't kidding. "You're the one they are going to shoot, Bill."

I doubt if Fed employees sit around in the evening over a couple of scotches and play 20 questions re: 9/11 and the financial aspects of it (though they might), but you must have some idea of the way 9/11 is perceived among Fed employees and whether there are a significant number of people there who realize that a whole lot about the administration's story just doesn't add up.

Anything you could share along that line?

Also a little sketch of the Fed's corporate culture might be helpful. I'm assuming that it is a very competitive environment with not a lot of people who wear their hearts on their lapel.

[edit on 16-2-2008 by ipsedixit]

Greetings Mr. Bergman, and a warm welcome to ATS!

I was made aware of your presence here on the board a few hours ago, but I had to run out. I try will to contain myself, and refrain from spewing a thousand questions at once.

I have been poking-around the data-sites, and I'm wondering how you were able to isolate the $100 dollar bill denominated currency movements? I would like to add that given the sudden nature of your dismissal, it is very open & fair minded of you to allow for a legitimate explanation to this puzzle.

Slightly OT, but would you have an opinion on the shutting-down in March 08, of Economic Indicators . Gov? Naturally, the blogs are a-blaze over this developement.

Thank you so much for your time

Regarding the $100 denomination, quarterly data from the Department of the Treasury was one source. Also, regarding an earlier question from Leo, there are some things that I can't discuss.

reply to post by OrionStars


OS I would look for strange things to occur from as far back as May, this seems to be when the attacks were to take place (according to the commission that is, for what thats worth) which would have been the anniversary of the Cole attacks.

reply to post by Leo Strauss


Didnt they find large amounts of 100 dollar bills in iraq that was obviously saddams or the countries? Just a thought.

reply to post by Stillresearchn911


Yes, Stillreseachn911. Interestingly, the same data showing the extraordinary increase in circulating currency in July/August 2001 also show accelerating growth in the months at issue in 2004.

I contacted Rep. Waxman's office as well as the oversight committee he chairs after they started looking into the currency shipments into Iraq. They seemed interested, but never got back to me.

I have a powerpoint file describing some of the data I was looking at, if there is a way to post it here I can do that.

Originally posted by Swampfox46_1999
Or maybe that you would NEED extra cash in circulation during such an event?

How did they possibly know that we would need extra cash in circulation during such an event if they didn't know the event was to take place? Or did they?