Sunday, April 29, 2012



Some people will accept the idea that UFOs exist only when pigs take wing.

How about me? Do I believe that alien entities exist and that they inhabit our airspace with their own types of transportation?

Do bears bear? Do bees be? Do ducks duck? Do flies fly? Do dogs love menudo?

Yes, of course I do! In the past I have even posted a couple of things about that on this very blog [see the links at the bottom].

Before I had graduated from the seventh grade I had read every book on UFOs and “extraterrestrials” then available at my local library. (Admittedly, there weren’t near as many published then as now.)

It took me decades though to come to the realization that UFOs and their occupants are demonic in origin.

I have recenly been discussing this topic with a woman where I work and as a result I wound up watching a number of related videos at YouTube. Just last week I found a rather interesting one and have sent links to “the woman at work”.

In the Email I sent her, I included the following remarks:

As is always the case, there are lots of voices shouting back and forth in the comment sections - “FAKE!” / “REAL!” / “FAKE!” / “REAL!” – and I’m not in a position to say who is right.

I do know, however, that if this is a hoax, it’s pretty well done – certainly faked 1,000 times better than Obama’s Hawaii birth certificate was. See what y’all think:

UFO Sighting In Sweden 2012

UFO Sighting In Sweden 2012 Interview

Expert analysis UFO Sighting In Sweden 2012

Regardless of whether or not the above video is authentic, pure fear will prevent many people from looking squarely at the UFO issue and taking it seriously. But after studying the subject for parts of 5 decades, I know for certain that UFOs are real. And I am nearly as certain that they represent demonic activity.

I also strongly suspect that they will play a part in the Biblical “End-Time” that is coming sooner than later. You’d better prepare your minds for it, because this is one thing you don’t want taking you by surprise.

Maybe you’d better lay off ‘The Hunger Games’ and read something about UFOs instead. You know, something more REALISTIC! You don’t want Harry Potter and Katniss Everdeen to be the only damned things you know about on the day an alien demonstrates “miracles” before your eyes and encourages you to trust her.

Previous ‘Ferret-Faced Fascist Friends’ posts 
related to UFOs:

~ Stephen T. McCarthy

YE OLDE COMMENT POLICY: All comments, pro and con, are welcome. However, ad hominem attacks and disrespectful epithets will not be tolerated (read: "posted"). After all, this isn’t, so I don’t have to put up with that kind of bovine excrement.

Tuesday, April 24, 2012

Politically Incorrect . . . “And LOVING It!” (Or, “You’re Answering THAT Prayer?”)

Seriously, where you gonna find another blog that goes from English Pub/Punk Rock to a racist Black bird to Jesus Christ all in one blog bit? 

It was probably in 1977 (although maybe as late as 1978) when I purchased the “Licorice Pizza” (LP) ‘Teenage Depression’ by the English Pub/Punk Rock band Eddie And The Hot Rods.

I can no longer recall how I heard about them, but I know their name and their album cover art appealed to me immediately.

What I most remember them for is their super-charged, 300-miles-per-hour cover of Bob Seger’s song ‘Get Out Of Denver’. But I dug quite a few of the tracks on that album, including the title tune, ‘Teenage Depression’.

Well, last week while surfing the Net, I found where a collection of kids created a video for (and lip-synched to) ‘Teenage Depression’ by Eddie And The Hot Rods. (I want to emphasize that these people are NOT Eddie And The Hot Rods - they only play them on the Internet!)

Anyway, their video made me GOL (Guffaw Out Loud). Here’s their own description of the video . . . 

Things that suck in Austin [Texas]
Art guitars, hipsters, frat boys, wannabe filmmakers, Hillary Clinton supporters, Rick Perry, rebellious teenagers, Walmart, Segway tours, boy scouts, 3-legged dogs, happy people, road humps, unicyclists, The Gap, cute toddlers, Diesel Jeans, Hyde Park Baptist Church, special parking for Customers with Children, UTPD, UT Tower, the obese Yella Fella, Church of Scientology, U-HAUL, art cars, Mother's poorly cooked vegetarian food, $4.00 cottage cheese at Fresh Plus, Fox News, Chilis, Bikini's Bar & Grill, Hooters, Starbucks, Starbucks, Starbucks!!!

Honestly, I think you gotta cut at least one-fourth slack to a three-legged dog, and certainly Barack “Marxslim” Obama should have gotten “the finger” (doesn’t he also have an equally fake Texas birth certificate somewhere up his a-- ...sleeve?) Other than these couple of complaints, it’s hard to argue with these Texans. (Although, if I wanna get ultra-technical, I once had a damned good martini at a Chilis in Payson, Airheadzona.)

“Get out of my way, I need another shot of gin!” 

Enjoy . . . 

Eddie & The Hotrods - "Teenage Depression" - 48 hour BPM

I absolutely adore most of the old-school Disney animated classics, but because I am in full boycott-mode against the Disney Corporation, I will only buy their products that I really desire when I find them “used” - in which case Disney gets none of the resale money.

I have owned the movie ‘Dumbo’ on VHS for, like, ...forever! Unfortunately, I no longer have a VHS player. But this last Sunday I was ecstatic to find a used copy of ‘Dumbo’ at my local Zia entertainment store. I found a used copy of ‘Pinocchio’, too. (“OK, Lampy!”)

For a couple of decades now I have been unable to watch the “crow” segment in ‘Dumbo’ without thinking of that racist jackass Spike Lee. You ask, “Why not?” Well, isn’t it obvious? Ain’t this . . .

the cartoon version of this? . . .

When I see an Elephant Fly

That twerpy, "Tweeting" racist Black bird is almost enough to put me off my Disney classics!

Alright, I promised to take you from an English Pub/Punk Rock band to a racist Black bird to Jesus Christ, all in one blog bit. Far be it from me to break a promise: 

While surfing the Net the other day I also found the following video. I thought this was pretty interesting (although I’ve seen, heard, and read tons of similar testimony in my lifetime).

What happens when a Christian pastor’s son has a “Near-Death Experience"?

My favorite moment in this video is when the boy’s father (the Christian preacher) says with amazement, “You’re Answering THAT Prayer?” If his facial expression and tone of voice [at the six minute and fifteen second mark] doesn't convince you of his sincerity then you are a very, very poor judge of character!

By the 6:41 point in this video, the best has come and gone. Still, I recommend that you watch the rest of it because (with a few exceptions) I agree with what the narrator has to say about Jesus and the Atonement for sins that is available to us through the Messiah’s voluntary Sacrifice.

Here’s the video:

11 yr Old Went to Heaven and Back, and Tells What He Saw!

From English Pub/Punk Rock to a racist Black bird to Jesus Christ, all in ONE blog bit! Where else ya gonna find that scope, that spectrum? Damn! I shift gears and change directions almost as quickly as Barry Sanders did!

~ Stephen T. McCarthy

YE OLDE COMMENT POLICY: All comments, pro and con, are welcome. However, ad hominem attacks and disrespectful epithets will not be tolerated (read: "posted"). After all, this isn’t, so I don’t have to put up with that kind of bovine excrement.

Thursday, April 19, 2012

“SH!T HAPPENS” : The Short Guide To Comparative Religion


While I struggle to complete my blog bit about E.W. Bullinger and his view of the Biblical "Apocalypse" (which has now grown into two parts and may never be completed because my interest in all things “blog” is waning fast), I decided to buy some time by posting an oldie but a . . . “sh!tty”.

This originally appeared in 2008 on my now defunct blog ‘STUFFS’. I felt it was worth reposting here at ‘FERRET-FACED FASCIST FRIENDS’, especially since it went pretty much ignored in '08.
[*Maybe there was a reason for that, ya think?*]
So here it is again, back by no demand:

[From the STMcC archive: 2008]

Recently I was describing my religious viewpoint which is an amalgamation that entails a belief in and/or acceptance of 58.33% Christianity; Bad Dreams; two and a half buckets full of Buddhism things; foundational Winnie-The-Poohism with strings; an old, lonely dog’s howl at the moon; a mellow Karen Carpenter tune; a baker’s dozen of Bobs Watson’s tears; and six cold Sierra Nevada beers.

[*Crimony! Is anyone still reading this drivel? GET A LIFE!*]

Put it all together and what have you got? I dunno, but I’ll bet that 666,000 fools would drop money in it if I passed the collection plate, and they would follow me in if I jumped in a lake. Bah-Bah-Bad Sheep, have you any brains? “No, Pastor Stephen, dey’s washed out by da rains!”

Oh, Man! Brothers and Sisters, you’re probably wondering why I called you here: I have a dream... that one day I’ll wake up to find myself living in a Beverly Hills mansion, sharing my bed with a gorgeous European sports car, and with a collection of restored, classic supermodels parked in my football stadium-sized garage just waiting for me to take them for a ride. Will you pay for my dream? Say “Amen”, Brothers and Sisters! Can I get a “Hallelujah!”? Dig deep my faithful flock, while Sister Bertrille passes the plate and Brother Bojangles plays ‘Give Me That New Age Self-Glorification’ on his holy kazoo!

Sorry. I got carried away. 

[*It was that dead debarred lawyer’s spirit which possesses the dead used-car salesman’s spirit which possesses Stephen and who sometimes gets the best of both of them. If that made sense to you, then you’ll want to make an appointment with Stephen’s shrink... or his exorcists.*]

I purchased this cheap cardboard sign in Virginia City, Nevada, back about... uhm... well, back when I bought it. I don’t know who came up with these definitions for various religions, as they are uncredited. I therefore suspect that the writer is that famous Greek philosopher Anonymous, who seems to have written more good stuffs than any other single literary giant, including that brilliant but alcoholic English pub hound, Shakyspear.

I altered one of the following descriptions (“altered” = improved) and I even added a couple more (“added” = invented), but I will post my own “Sh!tisms” last so as not to misrepresent Anonymous.

[*Yeah, and so he can squeeze every little bit of personal credit possible out of this strictly nonprofessional, sh!tty entertainment.*]

Without further ado, here is . . . 


Sh!t Happens.

Knock!-Knock! Sh!t Happens.

Sh!t Happens because you’re bad.

Sh!t Happens because you don’t work hard enough.

If Sh!t Happens, it’s the will of allah.

Maybe Sh!t Happens, maybe it doesn’t.

No Sh!t!

Why does this Sh!t always Happen to us?

If Sh!t really Happens, it’s not really Sh!t.

This Sh!t Happened before.

The Sh!t only Happens in your mind.

There’s nothing like a good Sh!t Happening.

What is this Sh!t anyway?

This Sh!t doesn’t bother me.

Send more Sh!t.

Let’s smoke this Sh!t.

And now, the STMcC “Sh!tisms” :

Sh!t Happens, but my wives and I are prepared for it.

Meatless Sh!t Happens.

I am one with the Sh!t that Happens.

I sincerely hope that I didn’t offend anyone with this comparative religion guide - I certainly didn’t mean to. 

[*That’s a crock of “Stuff” that “Happens”. He not only meant to offend everyone but he DID IT, too!*]

No, really! I mean, had I wanted to offend anyone – namely Muslims – I would have posted my own “Sh!tism” for Islam, rather than posting the one written by Anonymous. Mine would have looked like this:

Sh!t Happens to YOU, because we submit to the will of allah and his prophet, Muhammad.

But I didn’t post that one because, well... far be it from me to offend anyone from “the religion of peace”.

OK, but seriously, folks, despite the fact that I don’t fully accept all of the tenets of any organized religion, I myself am – honestly! – quite religious. 

[*Yeah. He worships Jim Beam and he buys that brand of bourbon religiously!*] 

Jesus Christ is my personal Savior and the President of my world; He’s my principal Advisor and my Bodyguard. You want to mess with me, you gotta get past Jesus first, and nobody but NOBODY gets past Him: Jesus Saves.

[*He’d make a great goalie!*]

Heck, Jesus has even managed to save me from marriage, making him my 'Best Man' for REAL and the aptly nicknamed “Prince of Peace.”

[*Sure, but think about the terrific bachelor party and the many food processors you never got!*]

A lot of people don’t realize that Jesus actually does exist and that one can choose to have a true friendship with Him. I find that Jesus walks in my shoes with me.

[*And that’s why Stephen’s feet are forever hurting him!*] 

May y’all Bless And Be Blessed.

~ Stephen T. McCarthy

[*Who can only hope that he’s been “forgiven” for his sinful Sense O’ Humor.*]

YE OLDE COMMENT POLICY: All comments, pro and con, are welcome. However, ad hominem attacks and disrespectful epithets will not be tolerated (read: "posted"). After all, this isn’t, so I don’t have to put up with that kind of bovine excrement.

Wednesday, April 11, 2012


It hardly seems possible, but yesterday was the 16th anniversary of my Pa’s death. As I always do on his birthday and his freedomday, I played some of the songs ‘n’ singers my Pa loved the most.
Naturally there was some Roger Miller and some Nat King Cole. I’ve told you before how my Pa used to wake his kids (there were three of us) for school by suddenly blasting the song ‘You Can’t Roller Skate In A Buffalo Herd’. (Does that qualify as “child abuse”?)

Another song that was being regularly played in the McCarthy household even before my birth was Louis Prima’s ‘There’ll Be No Next Time’, and doggone it, had I known it could be found at YouTube I would have posted it here yesterday!

This song still cracks me up. Thanks, Pa. 
(Enjoy, Sheboyganboy!)

There'll Be No Next Time

One of my many fine memories is of my Pa and I going to see Keely Smith and Sam Butera perform at the Sands Hotel in Las Vegas; this was about a decade or more after Louis Prima had passed away. But here they are in their prime-a, with Keely doing her weird, disinterested shtick – classic Louis, Keely, and Sam:

Louis Prima Just a Gigolo & I Ain't Go Nobody

Mo’ classic Louis, Keely, Sam Butera and The Witnesses:

Louis Prima - I`m In The Mood For Love 1957

I know that none of the above had anything at all to do with politics or product reviews but . . .

Well, hold on a second –-

Go purchase ‘The Call Of The Wildest’ by Louis Prima. 
It’s real good! . . . 

There you have it: a product review.

Well then there now, it looks as if I’ve made this blog bit fit.

~ Stephen T. McCarthy

YE OLDE COMMENT POLICY: All comments, pro and con, are welcome. However, ad hominem attacks and disrespectful epithets will not be tolerated (read: "posted"). After all, this isn’t, so I don’t have to put up with that kind of bovine excrement.

Sunday, April 8, 2012


It’s Friday. The world’s winning; people are sinning; and evil’s grinning ... but let me tell you something: Sunday’s comin’.
. . . . . . . . 
2:24 : “Feeling forsaken by His Father” ?

Nah. That’s dogma based upon a mistranslation of the original Aramaic.

Nevertheless, I dig this because . . . it’s SUNDAY!

It's Friday... But Sunday's a Coming

I hope y’all had a great, inspiring Easter Sunday - chocolate bunnies ‘n’ all!

 Bless And Be Blessed.

~ Stephen T. McCarthy

YE OLDE COMMENT POLICY: All comments, pro and con, are welcome. However, ad hominem attacks and disrespectful epithets will not be tolerated (read: "posted"). After all, this isn’t, so I don’t have to put up with that kind of bovine excrement.


[From the STMcC archives; September 9, 2004]
...And I thought to myself: ‘What better time than Easter Day 2012 to “resurrect” this old book review of mine?’ 
So, here she “arrr”, matey:
All hands on deck for the reading of Robert Cornuke's ‘THE LOST SHIPWRECK OF PAUL’, a seaworthy tale of Biblical proportions! This book should appeal to you if: A) you are a crusty, old, armchair sea dog; B) a Christian interested in Biblical archaeology; or, C) simply a reader looking for a good story. But you will especially love this book if you happen to be all three: A crusty, old, Christian, armchair sea dog looking for a good story related to Biblical archaeology. Now we're talkin'! 

This latest installment in Robert Cornuke's series of adventures that take him in search of evidence to support the Bible's historicity sets sail for the island of Malta, seeking the ancient lead anchors from the shipwreck of Saint Paul. Using the words of Luke recorded in Acts chapter 27 as his first mate, Cornuke calculates where these long lost lead treasures are apt to be found.
It turns out that the objects of our hero's quest had already been located and raised from the sea floor by Maltese divers in the late 1960s and early 1970s (although the island natives had no inkling of the tremendous importance of their discoveries since the traditional site of Saint Paul's wreck is a cove considerably further north). Unfortunately, this fact tends to let the wind out of the sails in Cap'n Bob's adventure just a little bit.

Nevertheless, this is a slightly padded but worthwhile story that proves beyond all reasonable doubt that these recovered artifacts, which meet all of the demanding criteria, are indeed remnants of
Saint Paul's misadventure at sea. And once again we come face to face with the prospect that, despite the hysterical ranting to the contrary by society's willfully ignorant atheistic and unthinking agnostic bilge rats, the Bible is a reliable historical document! So there! - Let 'em stick this in their dinghy and smoke it!

This title is certainly superior to Cornuke's disappointing ‘IN SEARCH OF THE LOST MOUNTAINS OF NOAH’, but not nearly as suspenseful as his most important book ‘IN SEARCH OF THE MOUNTAIN OF GOD (THE DISCOVERY OF THE REAL MOUNT SINAI)’. But all in all, ‘THE LOST SHIPWRECK OF PAUL’ manages to stay afloat while both enlightening and entertaining. It's a quick read, making it an ideal companion on a plane flight or for a weekend at the beach; although I doubt that I would pack it along on a pleasure cruise, if you catch my "drift."

And now on to ‘The Tune Of The Day’ :

Oh Happy Day- Glen Campbell

~ Stephen T. McCarthy

YE OLDE COMMENT POLICY: All comments, pro and con, are welcome. However, ad hominem attacks and disrespectful epithets will not be tolerated (read: "posted"). After all, this isn’t, so I don’t have to put up with that kind of bovine excrement.

Thursday, April 5, 2012

“CAPITALIZING” ON 9/11: Stock Market Signs Of Foreknowledge

By and large the American people are so oblivious to what really occurred on September 11, 2001, that most don’t even realize that THREEnot twoWorld Trade Center towers collapsed on that day.
Yes, everyone knows about Tower One and Tower Two that came crashing down; but hours later, WTC Tower #7, about a block away, also collapsed in like manner, despite never having been hit by an airplane. Tower 7’s collapse remains unexplained (and usually unmentioned in media accounts) to this day.

Even fewer people are aware that bizarre activity in the stock market just days prior to the terrorist attacks provides a powerful indication that some highly placed people on Wall Street and/or in the U.S. Government had foreknowledge of the attacks. In fact, the odd stock market activity is more than just a “powerful indication” of this, it is, in fact, essentially “statistical proof” of the foreknowledge.

Even before the sun had set on 9/11/2001, I was aware of obviously strange, unanswered questions that pointed to the possibility of U.S. Government conspiratorial involvement. As the days became weeks and months, I became increasingly suspicious.

Eventually, I read ‘INSIDE JOB’, ‘CROSSING THE RUBICON’, ‘ALICE IN WONDERLAND AND THE WORLD TRADE CENTER DISASTER’ and other similar books and articles which delved deeply into the troubling unanswered questions concerning what was an entirely avoidable tragic attack.

A “put option” is when you bet that the stock in a company will go down in value. If it does, you can make big money. A “call option” is when you bet that the stock price will go up. Clearly the stock price in the airlines involved in the [9/11] hijackings, American Airlines and United Airlines, would fall immediately after the attacks, as would that of companies with a major operation in the World Trade Center.
~ David Icke
ALICE IN WONDERLAND AND THE WORLD TRADE CENTER DISASTER: Why The Official Story of 9/11 Is A Monumental Lie’ (2002) - page 327

The levels of put options purchased [between September 6 and 7, for United Airlines; and on September 10, 2001, for American Airlines] 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.

Morgan Stanley Dean Witter & Co., which occupied 22 floors of the World Trade Center, saw 2,157 of its October $45 put options bought in the three trading days before Black Tuesday; this compares to an average of 27 contracts per day before September 6.
~ Michael Ruppert
‘CROSSING THE RUBICON: The Decline Of The American Empire At The End Of The Age Of Oil’ (2004) – page 246

"I am absolutely convinced that the Central Intelligence Agency had complete and perfect foreknowledge of the attacks, right down to the date, time, place and location.”
~ Michael Ruppert
‘ONLINE JOURNAL’ – October 12, 2001

Author Don Radlauer, who specializes in stock options and derivatives, noted the suspicious stock trading and stated, “Obviously, anyone who had detailed knowledge of the attacks before they happened was, at the very least, an accessory to their planning; and the overwhelming probability is that the trades could have been made only by the same people who masterminded the attacks themselves.”

Who would that be?

The US Government itself was holding the majority of the international and domestic “short” positions, according to commodity trading advisor Walter Burien, a former tenant of the World Trade Center.
~ Jim Marrs
‘INSIDE JOB: Unmasking The 9/11 Conspiracies’ (2004) – page 92

When news of the stock trades broke, the CIA announced there would be an investigation, and media reports said that market regulators in the US, UK, Germany, Switzerland, Italy and Japan were to be involved. Have you ever heard another word about this “investigation”, even though the transactions must be traceable? No, me neither. The trail did not lead to bin Laden or the Islamic world, or sure as hell we would have seen it blazed across front pages a long time ago.
~ David Icke
ALICE IN WONDERLAND AND THE WORLD TRADE CENTER DISASTER: Why The Official Story of 9/11 Is A Monumental Lie’ (2002) - page 328

I wish that story would get more press. It's one thing to try to prove that the WTC was brought down by other means such as explosive charges, or that missiles were used instead of passenger planes, etc., but when you are staring at documented proof that an obscene number of "bets" in the form of options were placed against the airlines a day or two before 9/11...
...anyway, if I did that, every gov't 'acronym' would have busted down my front door the next day. Since when can't the gov't or the Washington Post or someone/anyone follow the money trail...unless they don't want to?
~ Sigmund
'MONKEY THROW DART' : An Informational Site For Traders And Investors

Recently, my friend Sigmund (a.k.a. SigToo) - a very sharp guy and the mind behind the now defunct blog ‘Monkey Throw Dart’ - called my attention to a good article pertaining to the stock market fluctuation that proves insider foreknowledge of the attacks.

Sigmund’s April 27, 2011, post was titled:
And referring to the article ‘BLACK 9/11: A Walk on the Dark Side’ by Mark H. Gaffney, Sigmund wrote:

For a good read when you have the time, check out the entire two part article. Not surprisingly, after reading this, your suspicions may be confirmed, or you may think it is more science fiction...if there is such a thing. For those with short attention spans, read Part 2 first and then backtrack 
to Part 1.
Could somebody wake Oliver Stone out of his coma. His best script is right here.

Below I have posted Part 2 of that article. This is fairly lengthy and it requires some concentration and a little brain power, which means it’s not going to appeal to 98% of the American public:

BLACK 9/11: A Walk on the Dark Side
Second in a series

by Mark H. Gaffney

March 2, 2011

This paper will review the evidence for informed, or insider, trading in the days and hours before the 9/11 attacks. From the very first, the phenomenon appeared to be world-wide.  One consultant, Jonathan Winer, told ABC: “it’s absolutely unprecedented to see cases of insider trading covering the entire world from Japan to the US to North America to Europe.”[1] The list of affected nations was long, and included the US, Germany, Japan, France Luxembourg, Hong Kong, the UK, Switzerland and Spain.[2] Soon, independent investigations were underway on three continents in the belief that the paper trail would lead to the terrorists.

Press statements by leading figures in the international banking community left little doubt that the evidence was compelling. Ernst Welteke, President of the German Deutsche Bundesbank, told reporters that “a preliminary review by German regulators and bank researchers showed there were highly suspicious sales of shares in airlines and insurance companies, along with major trades in gold and oil markets, before September 11 that suggest….advance knowledge of the attacks. Welteke said that his researchers came across….almost irrefutable proof of insider trading.”  Welteke was blunt: “What we found makes us sure that people connected to the terrorists must have been trying to profit from this tragedy.”[3]

In the U.K., London City regulators investigated a flurry of suspicious sales processed just before the attack.[4] “The Financial Services Authority (FSA), a stock market watchdog, was drawn into the investigation because it had a transaction monitoring department that checks suspicious share movements.” An FSA spokesperson confirmed that market regulators in Germany, Japan and the U.S. had received information about short selling of insurance company shares and airline stocks, which fell sharply as a result of the attacks. Among the WTC tenants were dozens of banks and insurance companies, including several that were now going to have to pay out billions to cover heavy losses from the attacks.[5]

Assuming nefarious individuals were armed with foreknowledge, they stood to make a windfall by dumping stock and selling competitors short, not to mention the vast potential profits from last-minute electronic money laundering via computers which, the perpetrators had to know, would be destroyed within hours. Richard Crossley, a London analyst, stated that he had tracked suspicious short selling and share dumping in a swath of stocks. CBS likewise reported a sharp upsurge in purchases of put options on both United and American Airlines.[6] The uptick had occurred in the days prior to 9/11. A put option is a contract that allows the holder to sell a stock at a specified price, within a certain time period. Sources on Wall Street told CBS that before 9/11 they had never seen that kind of trading imbalance. The only airlines affected were United and American, the two involved in the attack. American Airlines stock reportedly fell 39% in a single day. United Airlines stock dropped even more, by a whopping 44%.

Although many stocks tumbled, there were also big winners, especially in the military sector. Contractors like L-3 Communications, Allied Techsystems and Northrop Grumman all reported large gains.[7] The biggest winner, though, was Raytheon, which manufactures Tomahawk missiles. During the week following the 9/11 attacks, Raytheon stock climbed by an astounding 37%.[8] Prior to 9/11, the purchase of call options (a contract to buy a stock at a certain price) for Raytheon had suspiciously surged by 600%.

The sale of five-year U.S. Treasury Notes also spiked just before 9/11, as reported by the Wall Street Journal.[9] Among the purchases was a single $5 billion transaction, which pointed to large investors. The Journal explained that “Treasury notes are among the best investments in the event of a world crisis, especially one that hits the US. The notes are prized for their safety and their backing by the U.S. government, and usually rally when investors flee riskier investments, such as stocks.” Michael Shamosh, a bond-market strategist for Tucker Anthony Inc., told the Journal:  “If they were going to do something like this they would do it in the five-year part of the market. [Because] It’s extremely liquid, and the tracks would be hard to spot.” The article added that “The value of these notes has risen sharply since the events of September 11.”

The Securities and Exchange Commission (SEC) launched its own probe into allegations of insider trading. For weeks, the SEC remained close-mouthed about the scope of its investigation, then, in mid-October, sent out a request to securities firms around the world for more information regarding a list of 38 different stocks.[10] SEC Chairman Harvey Pitt told the House Financial Services Committee that “We will do everything in our power to track those people down and bring them to justice.”[11] By this time, however, the fix was in.

The San Francisco Chronicle reported that the SEC took the unprecedented step of deputizing “hundreds, if not thousands, of key players in the private sector.”[12] Wrote the Chronicle: “In a two-page statement issued to ‘all securities-related entities’ nationwide, the SEC asked companies to designate senior personnel who appreciate ‘the sensitive nature’ of the case and can be relied upon to ‘exercise appropriate discretion’ as ‘point’ people linking government investigators and the industry.” The requested information was to be held in strictest confidence. The SEC statement included the following passage (emphasis added): “We ask that you disseminate the information within your institution only on a need-to-know basis.”

In his book “Crossing the Rubicon”, former LAPD detective Mike Ruppert explains the SEC’s unprecedented move to deputize:
What happens when you deputize someone in a national security or criminal investigation is that you make it illegal for them to disclose publicly what they know…. In effect, they become government agents and are controlled by government regulations rather than their own conscience. In fact, they can be thrown in jail without a hearing if they talk publicly. I have seen this implied threat time and again with federal investigations, intelligence agents, and even members of the United States Congress who are bound so tightly by secrecy oaths and agreements that they are not even able to disclose criminal activities inside the government for fear of incarceration.[13]

Notice, this surely means that Al Qaeda had nothing to do with the insider trading.[14] When the evidentiary trail led back to Wall Street, the SEC moved quickly to control the evidence and muzzle potential witnesses. Despite the best efforts of the SEC, a few details did leak to the world press. In mid-October 2001, The Independent (UK) reported that, “To the embarrassment of investigators, it has….emerged that the firm used to buy many of the ‘put’ options (where a trader, in effect, bets on a share price fall) on United Airlines stock was headed until 1998 by Alvin ‘Buzzy’ Krongard, now executive director of the CIA.”[15] The evidence was all the more incriminating, because in at least one case the purchaser failed to collect a reported $2.5 million in profits made from the collapsing share price of UAL stock. The only plausible explanation was that someone at the purchasing bank feared exposure and subsequent arrest.

For the most part, the U.S. press failed to pick up the story, which clearly linked Wall Street and the U.S. intelligence community to the 9/11 attacks. Indeed, the New York Times cooperated with the cover-up.[16] George Tenet writes in his memoirs that he recruited Buzzy Krongard in 1998 to become his deputy at CIA, probably to serve as Tenet’s personal liaison to Wall Street.[17] Until 1997, Krongard was chairman of Alex Brown Inc., America’s oldest investment banking firm. Alex Brown was acquired by Bankers Trust in 1997, which, in turn, was purchased by Deutsche Bank in 1999. In the mid-1990s, Krongard had served as a consultant to CIA director James Woolsey.

In 1998, Banker’s Trust-Alex Brown refused to cooperate with a Senate subcommittee which, at the time, was conducting hearings on the involvement of U.S. banks in money laundering activities.[18] At the time, Banker’s Trust, like other large U.S. banks, was in the business of private banking. This means that Banker’s Trust catered to unnamed wealthy clients for the purpose of setting up shell companies in foreign jurisdictions, such as on the Isle of Jersey, where effective bank regulation and oversight are nonexistent. According to Ruppert, Krongard’s last job at Alex Brown was to oversee “private client relations.”[19] This means that Krongard personally arranged confidential transactions and transfers for the bank’s unnamed wealthy clientele.

Private banks typically offer a range of services to their clients for the purpose of shielding them from oversight. Private banks set up multiple offshore accounts in multiple locations under multiple names. They also facilitate the quick, confidential and hard-to-trace transfer of money across jurisdictional boundaries. In many such cases, the private banks do not even know who owns the account; which, of course, means that not even the bankers can follow the transactions with “due diligence.” Many private banks do not even try, for fear of scaring away business, especially from foreign clients. Even though private bankers are responsible for enforcing legal controls against money laundering, where such laws exist, in practice, oversight is typically weak or nonexistent. I was shocked to learn that although it is illegal for U.S. banks to launder ill-gotten money that originates within the United States, it is not illegal for them to accept dirty money from elsewhere. No surprise then, that many U.S. banks openly solicit business from Central American drug lords, arms merchants, and other shady entities.

For these reasons, it is little wonder that over the last several decades, law enforcement has failed to stem the growing international flood of laundered drug money and other illicit assets. Their failure has been spectacular. In 1999, a consensus of experts in Germany, Switzerland and at the U.S. Treasury agreed that 99.9% of laundered money routinely escapes detection. The experts estimated that the annual total was between $500 billion and a trillion dollars, a mind-boggling number, about half of which is washed into the U.S. economy, the rest into Europe.[20]

After “Buzzy” Krongard’s departure to the CIA, his successor at Alex Brown was his former deputy Mayo Shattuck III, who had worked at the bank for many years. In 1997, Shattuck helped Krongard engineer the merger with Banker’s Trust, and he stayed on after Deutsche Bank acquired Bankers Trust – Alex Brown in 1999.[21]

According to the New York Times, Bankers Trust was “one of the most loosely managed [banks] on Wall Street,” and during the 1990s was repeatedly rocked by scandal. In 1994, clients and regulators accused the bank “of misleading customers about its risky derivative products.” The case went viral when tape recordings were made public that showed bank salesmen snickering about ripping off naive customers. In 1999, Banker’s Trust pled guilty to criminal conspiracy charges, after it was revealed that top-level executives had created a slush fund out of at least $20 million in unclaimed funds.[22] Bankers Trust had to pay a $63 million fine and would have been forced to close its doors but for the fact it was acquired, just at this time, by Deutsche Bank, Europe’s largest bank.

According to the New York Times, Mayo Shattuck III “was made co-head of investment banking in January [2001], overseeing Deutsche Bank’s 400 brokers who cater to wealthy clients.”[23] It is curious that Shattuck resigned immediately after the 9/11 attacks.

In a footnote buried on page 499, the 9/11 Commission Report alludes to Mayo Shattuck III’s likely role in purchasing the United Airlines put options just prior to 9/11. The note fails to mention Shattuck and Deutsche Bank by name, but attempts to explain away the charges of insider trading, as follows:

A single US-based institutional investor with no conceivable ties to al Qaeda purchased 95% of the UAL puts on September 6 [2001] as part of a strategy that also included buying 115,000 shares of American on September 10. Similarly, much of the seemingly suspicious trading on September 10 was traced to a specific US-based options trading newsletter….which recommended these trades.[24]

Evidently, we are supposed to conclude that “American” means American Airlines. But here it could just as easily refer to American Express. If Deutsche Bank’s pre-9/11 trading was truly hedged, as the 9/11 Commission Report contends in the footnote, then it would not meet the definition of informed or insider trading. However, without more information, it is not possible to confirm or refute the facts in this particular case.
Still, the commission’s token explanation is not convincing. Two statistical studies since published reported an unusual volume in options trading for both United and American airlines in the days before 9/11. The author of the first study wrote that the results are “consistent with investors trading on advance knowledge of the attacks.”[25] The second paper, by the Swiss Banking Institute, reached the same conclusion.[26] A third study looked at the Standard & Poor’s 500 Index (SPX index options) and found “abnormal trading volumes in September 2001 OTM, ATM and ITM SPX index put options, and September 2001 ITM SPX index call options.” The authors concluded that there is “credible circumstantial evidence to support the insider trading claim.”[27]

~ Mark H. Gaffney is the author of The 9/11 Mystery Plane and the Vanishing of America (2008). His next book, Black 9/11, will be released later this year. 9/11 Whistleblowers are encouraged to contact Mark at Read more articles by Mark H. Gaffney.

From ‘CROSSING THE RUBICON’ by Michael Ruppert, page 251:

Alex. Brown also played a key role in refinancing the Carlyle Group for its acquisition of United Defense technologies in 2000. This close connection to Bush family business ventures is not a surprise because Alex. Brown’s connections to the Bush family stretch back for at least seven decades. The Alex. Brown investment bank helped to finance and organize the firm managed in the first half of the 20th Century by George W. Bush’s grandfather, Prescott Bush: Brown Brothers, Harriman.

Harriman - now there’s a name that will be familiar to every person who has spent any time at all investigating the history and backroom deals of the “New World Order” conspiracy!

My thanks to Sig(Too) for making me aware of Mark Gaffney’s excellent article.

~ Stephen T. McCarthy

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