Paul Joseph Watson
Prison Planet
Friday, September 19, 2008
CNBC host Jim Cramer says that financial terrorism could have been behind Monday’s stock market crash as part of a conspiracy to “bring down capitalism,” as the SEC this morning announced a ban on short-selling in an effort to fight market manipulation.
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| “Traditional people who are allegedly shorting are not…. it could be financial terrorism, what a great way to take down America…. maybe they want to find out who is doing this shorting like in 9/11, remember the airlines went down first and people thought it was Bin Laden.” |   |
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“Traditional people who are allegedly shorting are not….it could be financial terrorism, what a great way to take down America….maybe they want to find out who is doing this shorting like in 9/11, remember the airlines went down first and people thought it was Bin Laden,” said Cramer.
A record number of ‘put’ options, speculation that the stock of a company will fall, were placed on American and United Airlines in the days preceding 9/11. This despite a September 10th Reuters report headlined ‘Airline stocks set to fly.’
Between September 6 and 7, the Chicago Board Options Exchange saw purchases of 4,744 put options on United Airlines, but only 396 call options. On September 10, 4,516 put options on American Airlines were bought on the Chicago exchange, compared to only 748 calls.
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However, independent investigators that looked into who benefited from advance knowledge of the terrorist attack found a trail not to Bin Laden, but to Alex Brown/Deutsche Bank - chaired up until 1997 by executive director of the CIA, Buzzy Krongard.
Cramer encouraged authorities to look at who was behind short selling stocks this week because the situation represented a “financial national emergency.”
“I think the FSA needs to find out….whether this is someone who wants to bring down capitalism,” added the host, noting that Hank Paulson himself was accused of helping to bring down capitalism when the government seized control of Fannie Mae.
“Obviously the financial terrorism thing for me has to be put on the table because the regular short sellers are not doing this, they’re not doing this,” stated Cramer.
The Securities and Exchange Commission announced this morning that investors would be temporarily prevented from making bets on stock declines on 799 financial stocks. The ban will remain in place for 10 days and could be extended for up to 30 days.
SEC Chairman Christopher Cox said, “The Commission is committed to using every weapon in its arsenal to combat market manipulation that threatens investors and capital markets. The emergency order temporarily banning short selling of financial stocks will restore equilibrium to markets. This action, which would not be necessary in a well-functioning market, is temporary in nature and part of the comprehensive set of steps being taken by the Federal Reserve, the Treasury, and the Congress.”
Cramer disagreed with the move, stating, “To ban short selling is wrong, unless you had reason to believe that it was a force you would normally use physical terrorism that is using financial terrorism.”
Watch the CNBC clip below.
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October 20th, 2008 at 11:01 pm
What is war but destruction of assets ?
In the conventional war the military target infrastructure, roads, bridges humans to destabilize a nation . It is targeting the economy in another sense. Targeting the economy through the financial route is much more potent and lasting.
A quick back of the envelope calculation shows that the current financial events are causing a multi trillion $ economic damages. The effects of these events is to be felt for years to come in the form of underdevelopment, unemployment, human tragedies, psychological stress, lifestyle changes, all for the worse.
Let us do a review of events
The financial problem in the US was identified for quite some time due to the sub prime crisis however things seemed to be under control. The problem turned to crisis.
What we have seen is a systematic targeting and elimination of large institutions one by one.
Who are the people responsible? What is their motive? Is it just making profits? Who is funding them? How much money can bring down a nation? If it is purely for profits, it is really testing the limits of capitalism.
There are individuals and institutions have identified the targets ,The big financial names, chosen the weakest of the group , attacked by short selling its assets, making huge profits and then moving on to the next on the list.
The modus operndi has been so well defined and executed so precisely that the Governments of the world were brought to their knees.
Some rouge elements have been identified as hedge funds which are not regulated by any government. They exist and they act independently. They are like Tsunamis of the world causing much more havoc than any natural storm. The trouble is that these financial mercenaries can also be used by nations and organizations with the intent of causing civil unrest.
One similarity between the 9/11 attacks and the present financial attacks is that the existing system was used . The attacks were made from inside. While the 9/11 was planned and executed within the state boundaries, by people living within , the financial attacks were made making use of the systemic faults.
Financial wars are high up on the evolutionary ladder. And the more evolved a war is the more destruction it causes.
The World leaders must get organized to prevent such attacks.
The financial attacks must be repelled and the the perpetrators tried for treason. Strong measures are required to fight this highly evolved method of terrorism.
More On Financial Terrorism at
http://efourthestate.com/archives.htm
September 20th, 2008 at 10:25 pm
I wrote an article on this exact theory on 9-17-08 on the OTF. My screen name is: MaryKay1965. Here is the link: http://www.onlinetradersforum.com/showthread.php?t=47810 I emailed my “theory” and a “live link” to Jim Cramer after I wrote the thread and that idiot takes my “theory” and runs with it the very next day on CNBC. I even included a copy of the email I sent to Jim Cramer with the time/date stamp in tact. You can also check out my website: http://www.BuyingOnDips.com
September 20th, 2008 at 3:33 am
The difference between myself and a madman is that I am not mad.SalvadorDal%EDSalvador Dal?, 1904-1989
September 19th, 2008 at 11:09 am
It is quite difficult to lay down barriers [particularly since] it could be that the child, with his own sexuality, may have desired the adult.MichelFoucaultMichel Foucault, French structuralist, on pedophilia