Special Reports
The little known "false flag" attack to make a killing on the speculation market
By Wayne Madsen
Online Journal Contributing Writer


Sep 12, 2008, 00:21

(WMR) -- Prior to the 9/11 attacks, insider trading �put options� were placed on United and American Airlines stocks. The speculative options on United were placed between September 6 and 7, 2001 and on American on September 10 at the Chicago Board of Options Exchange.

Put options are bets that a stock will fall in value and the owner has the option of buing the stock at a lower rate and sell them at the highest rate, thus earning a quick windfall profit. The put options on the two airlines� stock was reportedly six times higher than normal. Other unusual �put option� activity was registered with three European reinsurance firms, Germany Re, Swiss Re, AXA of France, in addition to World Trade Center occupant Morgan Stanley Dean Witter.

There was a previous attempt to use a �false flag� terrorist attack to manipulate international markets to earn a quick profit. According to The Washington Post, two individuals, Jay Aubrey Elliott and Rolf Dunbier, were once arrested in New York for planning to blow up the Kafue River bridge in Zambia, the only bridge servicing Zambia�s Copperbelt Province. At the same time, Violet Elliott, Elliott�s wife; Efraim Ronen, Benjamin Edoui, Yitzhak Markovitch, and Raphael Tseriano were arrested in Tel Aviv by Israeli police after the Shin Bet, Israel�s security service, and the FBI discovered the plan to blow up the Zambian bridge in order to drive up the world�s copper prices. Jay Elliott had earlier visited Tel Aviv to sign up explosive experts to blow up the Zambian bridge. Law enforcement authorities in Zambia and the United States were tipped off about the plan.

Jay Elliott and Dunbier were charged with violating the federal Neutrality Act, which forbids American citizens and foreigners in the United States from waging war against nations with which the United States is at peace. The act has been used only rarely by the federal government, having in the past charged U.S. citizens and nationals with conspiring to commit acts of war against Haiti and Laos. No action was taken against right-wing conspirators who used U.S. soil to plan and carry out military action against Cuba and Nicaragua.

Although the conspiracy by Israeli and American nationals against Zambia�s railway bridge appear to have come from recent headlines, the story was published in The Washington Post on November 9, 1966.

The Mossad was never officially implicated in the planned attack on Zambia but the Israeli intelligence agency conducted a number of �false flag� attacks before and after 1966.

In 1954, Israeli Defense Minister Pinhas Lavon secretly organized a terrorist attack on the U.S. Information Service library in Cairo, Egypt, that would be conducted so the Americans would blame the Egyptian government of Gamal Abdel Nasser. In November 1968, King Hussein of Jordan discovered that Israel was behind the Kateb al Nasr commando group that attacked the U.S. embassy in Amman with the deaths of 29 civilians and security personnel. Israel was hoping to cause the United States to blame Jordan for the attack.

Ilich Ramirez Sanchez, also known as �Carlos the Jackal,� maintained that it was the Mossad that killed two French police agents and a Lebanese informant in 1975. The two policemen, Raymond Dous and Jean Donatini, and the Lebanese informant, Michel Moukharbal, were investigating a terrorist attack on El Al Airlines at Orly Airport. �Carlos� said Mossad was trying to frame him for the murders.

In 1986, Libyan Information Minister Mohamed Sharafeddin said that Mossad agents were conducting terrorist attacks in western Europe against U.S. targets so that Libya would be blamed. He said that Israel was hoping that the U.S. Sixth Fleet would strike Libya in retaliation.

Israeli intelligence agents, some masquerading as �furniture movers,� were seen celebrating the 9/11 attacks in New Jersey and New York, some dressed in Arab garb. Pointing to the fact that Shin Bet no longer cooperates with Western law enforcement, as it did in the 1966 caper in Zambia, Bell said that Shin Bet agents, using Canadian passports, conducted false flag operations in Gaza in 2002 and Jordan in 1997. The Jordanian operation resulted in Canada withdrawing its ambassador from Tel Aviv. The 1997 affair saw Mossad agents masquerading as Canadians poison Hamas leader Khaled Meshal in Amman. When King Hussein threatened retaliation for the incident, Israel was forced to provide the antidote to save Meshal�s life.

In 1991, Mossad covered its tracks in arming and training a group of Libyan guerrillas in Chad who were trying to topple Muammar Qaddafi. Mossad arranged for Saudi Arabia to finance the operation. It was not the first nor the last time that Mossad and the Saudis cooperated on a false flag venture as witnessed by the events of 9/11.

In 1997, a senior Mossad agent responsible for monitoring Syria, Yehuda Gil, was found to be sending false reports hyping the Syrian �threat.� These were passed by then-Prime Minister Binyamin Netanyahu to Washington and Israel�s Lobby operating in the U.S. capital. It was also discovered that Gil was keeping money allocated by a Syrian agent for Mossad in Damascus long after the Syrian agent had died.

A classified CIA document on the Mossad captured by Iranian militants who took over the U.S. embassy in Tehran in 1979 and later published in full, outlined Mossad�s activities around the world, including �false flag� tactics and the blackmailing of U.S. officials. Former Mossad chief Isser Harel denounced the CIA�s report and said it was similar to the 19th-century anti-Semitic work, �The Protocols of the Elders of Zion.�

Previously published in the Wayne Madsen Report.

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