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“The Central Intelligence Agency owns everyone of any significance in the major media.”

— William Colby
former Director of the CIA
(...and the Zionist corporate/banking plutocracy
owns everyone of any significance
in the Central Intelligence Agency.)

The CIA, Insider Trading
and the
World Trade Center
Terror Attack

BibliographyRelated pagesRelated sites

Suppressed Details of Criminal Insider Trading Lead Directly into the CIA’s Highest Ranks

CIA Executive Director “Buzzy” Krongard Managed Firm that Handled “Put” Options on UAL

by Michael C. Ruppert
From The Wilderness Publications

Jet hits WTC tower

FTW, October 9, 2001 — Although uniformly ignored by the mainstream U.S. media, there is abundant and clear evidence that a number of transactions in financial markets indicated specific (criminal) foreknowledge of the September 11 attacks on the World Trade Center and the Pentagon.

In the case of at least one of these trades — which has left a $2.5 million prize unclaimed — the firm used to place the “put options” on United Airlines stock was, until 1998, managed by the man who is now in the number three Executive Director position at the Central Intelligence Agency.

Until 1997 A.B. “Buzzy” Krongard had been Chairman of the investment bank A.B. Brown. A.B. Brown was acquired by Banker’s Trust in 1997. Krongard then became, as part of the merger, Vice Chairman of Banker’s Trust-AB Brown, one of 20 major U.S. banks named by Senator Carl Levin this year as being connected to money laundering.

Krongard’s last position at Banker’s Trust (BT) was to oversee “private client relations.” In this capacity he had direct hands-on relations with some of the wealthiest people in the world in a kind of specialized banking operation that has been identified by the U.S. Senate and other investigators as being closely connected to the laundering of drug money.

Krongard (re?) joined the CIA in 1998 as counsel to CIA Director George Tenet. He was promoted to CIA Executive Director by President Bush in March of this year. BT was acquired by Deutsche Bank in 1999. The combined firm is the single largest bank in Europe. And, as we shall see, Deutsche Bank played several key roles in events connected to the September 11 attacks.

The Scope of Known Insider Trading

Before looking further into these relationships it is necessary to look at the insider trading information that is being ignored by Reuters, The New York Times and other mass media. It is well documented that the CIA has long monitored such trades — in real time — as potential warnings of terrorist attacks and other economic moves contrary to U.S. interests. Previous stories in FTW have specifically highlighted the use of Promis software to monitor such trades.

It is necessary to understand only two key financial terms to understand the significance of these trades, “selling short” and “put options”.

“Selling Short” is the borrowing of stock, selling it at current market prices, but not being required to actually produce the stock for some time. If the stock falls precipitously after the short contract is entered, the seller can then fulfill the contract by buying the stock after the price has fallen and complete the contract at the pre-crash price. These contracts often have a window of as long as four months.

“Put Options” are contracts giving the buyer the option to sell stocks at a later date. Purchased at nominal prices of, for example, $1.00 per share, they are sold in blocks of 100 shares. If exercised, they give the holder the option of selling selected stocks at a future date at a price set when the contract is issued. Thus, for an investment of $10,000 it might be possible to tie up 10,000 shares of United or American Airlines at $100 per share, and the seller of the option is then obligated to buy them if the option is executed. If the stock has fallen to $50 when the contract matures, the holder of the option can purchase the shares for $50 and immediately sell them for $100 — regardless of where the market then stands. A call option is the reverse of a put option, which is, in effect, a derivatives bet that the stock price will go up.

A September 21 story by the Israeli Herzliyya International Policy Institute for Counterterrorism, entitled “Black Tuesday: The World’s Largest Insider Trading Scam?” documented the following trades connected to the September 11 attacks:

[The levels of put options purchased above were more than six times higher than normal.]

No similar trading in other airlines occurred on the Chicago exchange in the days immediately preceding Black Tuesday.

On September 29, 2001 — in a vital story that has gone unnoticed by the major media — the San Francisco Chronicle reported,

They don’t dare show up now. The suspension of trading for four days after the attacks made it impossible to cash-out quickly and claim the prize before investigators started looking.

This was the operation managed by Krongard until as recently as 1998.

As reported in other news stories, Deutsche Bank was also the hub of insider trading activity connected to Munich Re. just before the attacks.

CIA, the Banks and the Brokers

Understanding the interrelationships between CIA and the banking and brokerage world is critical to grasping the already frightening implications of the above revelations. Let’s look at the history of CIA, Wall Street and the big banks by looking at some of the key players in CIA’s history.

Clark Clifford — The National Security Act of 1947 was written by Clark Clifford, a Democratic Party powerhouse, former Secretary of Defense, and one-time advisor to President Harry Truman. In the 1980s, as Chairman of First American Bancshares, Clifford was instrumental in getting the corrupt CIA drug bank BCCI a license to operate on American shores. His profession: Wall Street lawyer and banker.

John Foster Dulles and Allen Dulles — These two brothers “designed” the CIA for Clifford. Both were active in intelligence operations during WW II. Allen Dulles was the U.S. Ambassador to Switzerland where he met frequently with Nazi leaders and looked after U.S. investments in Germany. John Foster went on to become Secretary of State under Dwight Eisenhower and Allen went on to serve as CIA Director under Eisenhower and was later fired by JFK. Their professions: partners in the most powerful - to this day - Wall Street law firm of Sullivan, Cromwell.

Bill Casey — Ronald Reagan’s CIA Director and OSS veteran who served as chief wrangler during the Iran-Contra years was, under President Richard Nixon, Chairman of the Securities and Exchange Commission. His profession: Wall Street lawyer and stockbroker.

David Doherty — The current Vice President of the New York Stock Exchange for enforcement is the retired General Counsel of the Central Intelligence Agency.

George Herbert Walker Bush — President from 1989 to January 1993, also served as CIA Director for 13 months from 1976-7. He is now a paid consultant to the Carlyle Group, the 11th largest defense contractor in the nation, which also shares joint investments with the bin Laden family.

A.B. “Buzzy” Krongard — The current Executive Director of the Central Intelligence Agency is the former Chairman of the investment bank A.B. Brown and former Vice Chairman of Banker’s Trust.

John Deutch — This retired CIA Director from the Clinton Administration currently sits on the board at Citigroup, the nation’s second largest bank, which has been repeatedly and overtly involved in the documented laundering of drug money. This includes Citigroup’s 2001 purchase of a Mexican bank known to launder drug money, Banamex.

Nora Slatkin — This retired CIA Executive Director also sits on Citibank’s board.

Maurice “Hank” Greenburg — The CEO of AIG insurance, manager of the third largest capital investment pool in the world, was floated as a possible CIA Director in 1995. FTW exposed Greenberg’s and AIG’s long connection to CIA drug trafficking and covert operations in a two-part series that was interrupted just prior to the attacks of September 11. AIG’s stock has bounced back remarkably well since the attacks. To read that story, please go to http://www.copvcia.com/stories/part_2.html.

One wonders how much damning evidence is necessary to respond to what is now irrefutable proof that CIA knew about the attacks and did not stop them. Whatever our government is doing, whatever the CIA is doing, it is clearly NOT in the interests of the American people, especially those who died on September 11.

© COPYRIGHT, 2001, Michael C. Ruppert and FTW Publications, www.copvcia.com. All Rights Reserved. May be reprinted or distributed for non-profit purposes only.

Related pages

The United States Government Committed the September 11 Attacks

America: the Ultimate Terrorist

9-11, the Mossad, the CIA and “False Flag Recruitments”

9-11 Was a Mossad “False Flag Operation”

The Israeli Connection To 9-11

Fox News Special Report: Israeli Spying on the U.S.

Massive Israeli Spy Ring Linked to September 11

Body of Secrets: Anatomy of the Ultra-Secret National Security Agency (about Operation Northwoods)

Fake Terror: the Road to Dictatorship

Operation 911: NO SUICIDE PILOTS


In Banks We Trust:
Bankers and Their Close Associates: The CIA, the Mafia, Drug Traders, Dictators, Politicians and the Vatican

by Penny Lernoux
published by: Anchor Press/Doubleday, 1984

From Recollection Used Books:
“Important book & an excellent companion volume to McCoy’s ‘Politics of Heroin in SE Asia’ for insight into the CIA’s promulgation of drugs, illegal weapons & international crime in general — often hand in hand with American business — as well as [Ronald] Reagan & [Oliver] North’s undermining of the US Constitution in the name of so-called patriotism.”

Body of Secrets:
Anatomy of the Ultra-Secret National Security Agency
by James Bamford

In 1962, U.S. military leaders had a top-secret plan for committing terrorist attacks on Americans in Miami and Washington D.C., while blaming Cuba. Codenamed “Operation Northwoods”, the plan was intended to provide the propaganda necessary to create popular support for an invasion of Cuba.

The Real Terror Network:
Terrorism in Fact and Propaganda
by Edward S. Herman

Pirates and Emperors, Old and New:
International Terrorism in the Real World
by Noam Chomsky

Western State Terrorism
Alexander George, editor; essays by Noam Chomsky, Edward S. Herman, Gerry O’Sullivan and others

The Fire This Time:
U.S. War Crimes in the Gulf
by Ramsey Clark

Desert Slaughter:
The Imperialist War Against Iraq
by the Workers League

The Culture of Terrorism
by Noam Chomsky

Terrorizing the Neighborhood:
American Foreign Policy in the Post-Cold War Era
by Noam Chomsky
Pressure Drop Press, 1991

Deadly Deceits:
My 25 years in the CIA
by Ralph W. McGehee

Whiteout: The CIA, Drugs, and the Press
by Alexander Cockburn and Jeffrey St. Clair
published by: Verso

bookcover shows a collage of images including a grinning human skull, a roll of hundred dollar bills, a pile of white cocaine powder and the CIA logo.

“A comprehensive and fast-paced history of the CIA’s 50 year association with drug dealers, money launderers, war criminals, medical experimentation and assassins. Whiteout exposes the mainstream press’ attack on San Jose Mercury news reporter Gary Webb and reveals the racist roots of the so-called drug war. The San Diego Union Tribune calls Whiteout ‘first-rate muckraking.’”

Available at http://www.counterpunch.org/books.html

Dark Alliance:
The CIA, The Contras, and the Crack Cocaine Explosion

by Gary Webb
Seven Stories Press 1999

“In August 1996, Pulitzer Prize-winning journalist Gary Webb stunned the world with a series of articles in the San Jose Mercury News reporting the results of his year-long investigation into the roots of the crack cocaine epidemic in America, specifically in Los Angeles. The series, titled ‘Dark Alliance,’ revealed that for the better part of a decade, a Bay Area drug ring sold tons of cocaine to Los Angeles street gangs and funneled millions in drug profits to the CIA-backed Nicaraguan Contras.

“Now Gary Webb has pushed his investigation even further in his book, Dark Alliance: The CIA, The Contras, and the Crack Cocaine Explosion. Drawing from recently declassified documents, undercover DEA audio and videotapes that have never been publicly released, federal court testimony, and interviews, Webb demonstrates how our government knowingly allowed massive amounts of drugs and money to change hands at the expense of our communities. Congressional inquiries into these allegations are ongoing; results of the internal investigations by both the CIA and the Justice Department are pending.”

The Secret Wars of the CIA, 1981-1987

by Bob Woodward

CIA Diary: Inside The Company
by Phillip Agee
Penguin Books, 1975

This book is out of print, but as of this writing you can get used copies at UsedBookCentral.com.  Excerpts are provided at:

“Reforms of the FBI and the CIA, even removal of the President from office, cannot remove the problem. American capitalism, based as it is on exploitation of the poor, with its fundamental motivation in personal greed, simply cannot survive without force — without a secret police force. The argument is with capitalism and it is capitalism that must be opposed, with its CIA, FBI and other security agencies understood as logical, necessary manifestations of a ruling class’s determination to retain power and privilege.”

— Phillip Agee

“No one has ever described better [than Phillip Agee], or in more detail, how mean, insidious and ruthless the CIA is in its efforts to control events in other countries for the IMF and American Corporate interests. The horror sets in when one realizes that these tactics have been used at home. Not much has changed. The technology they have is just much better now.”

— Mike Ruppert
former L.A. narcotics detective

CIA Files: Secrets of “The Company”
by Mick Farren
published by CLB (import)

From assassinations to hidden government agendas, this book charts the misdeeds, mistakes and crimes committed by the Agency, as well as such absurd schemes as sending a cat with an implanted microphone to eavesdrop on a Washington cocktail party.

Defrauding America:
Encyclopedia of Secret Operations by the CIA, DEA, and Other Covert Agencies

by Rodney Stich
Diablo Western Press 1998; ISBN 0-932-43809-1


“This is a thoroughly researched and comprehensive book.. I highly recommend this book as an all-time classic in its field.”

— Nexus Magazine

“This extraordinary book...is required reading for anyone concerned with national security system abuses... a moving book by a man of integrity deeply affected by the injustice, criminality, and suffering he has seen and personally experienced over the past two decades... it’s a hell of a good read.”

— Unclassified Magazine of National Security Alumni

America’s Recruitment of Nazis and Its Effects on the Cold War

by Christopher Simpson
published by: Weidenfeld & Nicolson

Full account of an obscure but vitally important chapter in post-WWII history. This startling narrative documents how high-ranking Nazis, hired by the CIA, played a significant role in the making of the American Police State.

“In American spy parlance, it’s called ‘blowback’ — the unintended consequences of covert activity kept secret from the U.S. public. The covert recruitment of a Nazi spy network to wage a shadow war against the Soviet Union was the CIA’s ‘original sin’ and it ultimately backfired against the United States.”

— Martin A. Lee
author of The Beast Reawakens

The Beast Reawakens
by Martin A. Lee
Little, Brown & Co., 1997; Routledge, 2000; ISBN 0-316-51959-6

During World War II tens of millions of people died horribly at the hands of the Nazis and other brutal fascists. Fortunately, the German, Croatian, Japanese and Italian fascists were totally destroyed militarily. And yet, like the outbreak of a virulent disease we thought we had a vaccine for, fascism itself survived that monumental defeat and is now making a comeback. Neofascism is an ugly reality in the world today — and it’s growing. How could this happen?

We are told in school and in the corporate mass-media that the forces of “democracy” won WWII. That’s a lie. The United States and the Soviet Union won that war — and neither of them were ever forces for democracy. In fact, the U.S. military/government has always been a covert supporter of fascism internationally, but only if those fascist governments are puppets of the U.S. If they try to be independent they are destroyed, as happened to Germany, Croatia, Italy and Japan in WWII, and more recently to Iraq.

But fascism got a very dirty name in WWII, so the American plutocracy’s support of it has had to become more covert than ever. The Beast Reawakens examines how and why the CIA secretly hired and protected many high-ranking Nazis after WWII. That’s right Mousketeers, it was none other than dear old Uncle Sham who lovingly helped fascism to survive the fall of the Nazi Third Reich. Particularly since the end of the Cold War, the American plutocracy has been covertly nurturing the steady rise of neofascists and neo-Nazis within the U.S. and Europe. And once again, these inhuman freaks have begun to publicly flex their muscles and rear their ugly heads, like dinosaurs in a political Jurassic Park.

Unholy Trinity:
The Vatican, The Nazis, and The Swiss Banks

by Mark Aarons and John Loftus
St. Martin’s Press, 1998; ISBN 0-312-18199-X

“Head-spinning documentation of how Vatican immunity shielded Nazi war criminals from just punishment — and unwittingly aided the Communist cause. Aarons is an Australian expert on Nazi fugitives; Loftus (The Belarus Secret, 1982) is the former chief prosecutor of the Justice Department’s Nazi War Crimes Unit. Vatican accommodation of Nazi escapees is well known.”

— Kirkus Reviews

The CIA’s Greatest Hits
by Mark Zepezauer, Arthur Naiman (Editor)
Odonian Press, 1994; ISBN 1-878-82530-5

Killing Hope:
U.S. Military and CIA Interventions Since WWII
by William Blum

Rogue State:
A Guide to the World’s Only Superpower
by William Blum

Secrets: The CIA’s War at Home
by Angus MacKenzie and David Weir

Bin Laden, the Forbidden Truth
by Jean-Charles Brisard and Guillaume Dasquie
published originally in France as Bin Laden, la Verite Interdite

This book reveals that FBI deputy director John O’Neill resigned in July 2001 to protest official U.S. government obstruction of his investigation of terrorism.

The authors report that O’Neill told them: “The main obstacles to investigate Islamic terrorism were U.S. oil corporate interests and the role played by Saudi Arabia in it.”

Osama bin Laden is a Saudi who has worked with the CIA since the 1980s, when they supplied him with U.S.-made Stinger missiles so his forces could shoot down Russian helicopters in Afghanistan.

What Uncle Sam Really Wants
by Noam Chomsky

The Decline and Fall of the American Empire
by Gore Vidal

The Phoenix Program
by Douglas Valentine

Saving Private Power:
The Hidden History of “The Good War”
by Michael Zezima

Related sites

From the Wilderness Publications
(formerly “Case File: CIA and Drugs”)

Provides a mountain of evidence and testimony linking the CIA to cocaine smuggling — compiled by former L.A. narcotics detective Mike Ruppert.

See also:
From The Wilderness - Book List


“The time has come to stop using the flag as a blindfold, to stop waving our guns and our gods at each other, to take a close look at the facts which have emerged from the attacks on the World Trade Towers and to recognize the very real possibility, indeed probability, that We The People are the victims of a gigantic and deadly hoax.”


“Andrews Air Force Base is a huge military installation just 10 miles from the Pentagon.

“On 11 September there were two entire squadrons of combat-ready fighter jets at Andrews. Their job was to protect the skies over Washington D.C. They failed to do their job. Despite over one hour’s advance warning of a terrorist attack in progress, not a single Andrews fighter tried to protect the city.”

See also:


The CIA: America’s Premier International Terrorist Organization

“Most of this page concerns the CIA’s involvement in drug trafficking, but we should first note that this is only one part of its activities, the means by which it finances its operations in addition to the billions of dollars it gets from U.S. taxpayers courtesy of the U.S. federal government (the exact amount, of course, being kept secret from U.S. taxpayers).

“In addition to being the principal source of U.S. propaganda for domestic and foreign consumption the CIA is the covert operations division of the U.S. government and as such has engaged in many terrorist activities.

“In fact the CIA is a terrorist organization, funded by the profits of international drug smuggling.”

US planned war in Afghanistan long before September 11

“The United States ruling elite has been contemplating war in Central Asia for at least a decade. ... American oil companies have acquired rights to as much as 75 percent of the output of these new [Caspian Sea oil] fields, and US government officials have hailed the Caspian and Central Asia as a potential alternative to dependence on oil from the unstable Persian Gulf region.

“The major problem in exploiting the energy riches of Central Asia is how to get the oil and gas from the landlocked region to the world market. ...US oil companies and government officials have explored...pipeline routes...south from Turkmenistan across western Afghanistan and Pakistan to the Indian Ocean.”

Homeland Insecurity:
Phoenix, Chaos, The Enterprise, and the Politics of Terror in America
by Douglas Valentine

“This ability to commit the most horrific acts of terror, and successfully blame them on its enemies through black propaganda, is what makes the CIA’s inclusion in the OHS [Office of Homeland Security] so dangerous.

“This one-two punch, in conjunction with the CIA’s expertise at ‘provoked responses’ and ‘false flag recruitments,’ also makes the CIA itself a prime suspect in the terror attacks of 11 September, and the current propaganda campaign being waged in America now, as a pretext to threaten terror against the Bush Administration’s domestic political opponents, as well as to win support from the terrified middle class for the illegitimate Bush regime.”

Stan Goff: The So-Called Evidence Is A Farce

“I’m a retired Special Forces Master Sergeant. ... I studied and taught military science and doctrine. I was a tactics instructor at the Jungle Operations Training Center in Panama, and I taught Military Science at West Point. ...

“Based on that experience, and operations in eight designated conflict areas from Vietnam to Haiti, I have to say that the story we hear on the news and read in the newspapers is simply not believable. The most cursory glance at the verifiable facts, before, during, and after September 11th, does not support the official line or conform to the current actions of the United States government.”

Defrauding America

“Government Agents and Deep-Cover Operatives Reveal and Document Widespread Corruption In Key Judicial and Other Government Offices.”

“This website, and the books referred to, can provide you case studies of widespread corruption in government...”


“CIABASE is a computer data base on the Central Intelligence Agency that provides a vital, easy-to-use historical resource for policy makers, academicians, journalists, and students.

“The CIA called Ralph McGehee, who compiled CIABASE, an analyst with few peers. McGehee served 25 years in the CIA, 14 years overseas as an operations officer and 11 years at its headquarters. Upon leaving the CIA, McGehee wrote the book Deadly Deceits and began the multi-year process of compiling CIABASE. McGehee is a recognized authority on the CIA and has testified many times both in Congress and in the courts and has appeared numerous times on radio and TV.”

The Real Drug Lords:
A brief history of CIA involvement in the Drug Trade

by William Blum

FBI and CIA Documents

Documents from Public Information Research, Inc. (pir.org) include:
  1. J. Edgar Hoover Declares War on the New Left
  2. CIA Document: How to Co-opt Academia
  3. CIA Employs Propaganda Assets to Refute Warren Commission Critics
  4. Report from CIA’s 1970 Anti-Allende Task Force
  5. FBI Report on Chile’s DINA
  6. Gloria Steinem Spies on Students for the CIA
  7. Task Force on Greater CIA Openness
    Q: How does the CIA draw the line between “greater openness” and an increase in illegal domestic propaganda?
    A: With invisible ink.
  8. DoD + DOJ = Big, Big Brother
  9. CIA Documents from the Tehran Embassy
  10. CIA HQ to Santiago station: Overthrow Allende
  11. Ben Bradlee: Dispatched by the CIA
  12. Richard Helms and BCCI
  13. U.S. Intelligence Fingered Charles Horman
  14. Operation Condor Documents
  15. Indonesia 1965: CIA death lists
  16. Technical Tips: Displaying FOIA Documents on the Web

CIA on Campus

Also from Public Information Research, Inc. Sections include:

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