Jimmy Digital Presents Above Top Secret

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    immy Digital Above Top Secret All Rights Reserved By ames E Nance 20!

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    immy Digital Above Top Secret All Rights Reserved By ames E Nance 20!

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    Table "# $ontents%2&' Trillion (issing

    Are They Still Alive The Big Short

    immy Digital )resents Above Top Secret*ol+me ,

    immy Digital Above Top Secret All Rights Reserved By ames E Nance 20!

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    $opyright 20!Allrightsreserved&Noparto#thisboo-maybereprod+ced.storedina

    retrieval system. or transmitted in any #orm or by any means.electronic. mechanical. photocopying. recording. scanning. or

    other/ise./itho+ttheprior/rittenpermissiono#thep+blisher&

    DisclaimerAllthematerialcontainedinthisboo-isprovided#ored+cationaland

    in#ormationalp+rposesonly&Noresponsibilitycanbeta-en#orany

    res+ltsoro+tcomesres+lting#romthe+seo#thismaterial&

    hileeveryattempthasbeenmadetoprovidein#ormationthatisboth

    acc+rateande##ective.thea+thordoesnotass+meanyresponsibility

    #ortheacc+racyor+se1mis+seo#thisin#ormation&

    immy Digital )resents Above Top Secret All Rights Reserved By ames E Nance 20!

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    immy Digital )resents Above Top Secret All Rights Reserved By ames E Nance 20!

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    ,NTR"D$T,"N,nthis#irstinstallmento#3AboveTopSecret3

    The)entagons(issingTrillions&

    The41high5ac-ers/hataretheydoingno/6

    TheBigShort/hobene#ited#inancially#romthe41attac-s&

    immy Digital )resents Above Top Secret All Rights Reserved By ames E Nance 20!

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    %2&' Trillion (issing

    On September 10, 2001, Secretary of Defense DonaldRumsfeld held a press conference to disclose that over

    $2,000,000,000,000 in Pentagon funds could not beaccounted for Rumsfeld stated! "#ccording to someestimates e cannot trac% $2& trillion in transactions"

    #ccording to a report by the 'nspector (eneral, the Pentagoncannot account for 2) percent of hat it spends

    *+S Reports Pentagon *annot #ccount for $2& rillion

    "-#ccording to some estimates e cannot trac% $2& trillion intransactions,- Rumsfeld admitted $2& trillion . that-s $/,000 for

    every man, oman and child in #merica" *+S, 1202

    immy Digital )resents Above Top Secret All Rights Reserved By ames E Nance 20!

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    he timing of this admission 3ust one day before 11 %ept thisstory from even ma%ing the nes at the time 4ven hen it as

    finally reported months later, this revelation received very littlecoverage

    o understand ho the Pentagon can lose trac% of trillions,

    consider the case of one military accountant ho tried to find out

    hat happened to a mere $&00 million

    "5e %no it-s gone +ut e don-t %no hat they spent it on," said

    6im 7innery, Defense 8inance and #ccounting Service

    Minnery, a former Marine turned whistle-blower, is risking his

    job by speaking out for the first time about the millions he

    noticed were missing from one defense agency's balance

    sheets. 7innery tried to follo the money trail, even crisscrossing

    the country loo%ing for records

    "The director looked at me and said 'Why do you care about

    this stuff' !t took me aback, you know My superisor

    asking me why ! care about doing a good job," said Minnery.

    #e was reassigned and says officials then coered up the

    problem by just writing it off.

    "hey have to cover it up," he said "hat-s here the corruption

    comes in hey have to cover up the fact that they can-t do the

    3ob"

    he Pentagon-s 'nspector (eneral "partially substantiated"

    immy Digital )resents Above Top Secret All Rights Reserved By ames E Nance 20!

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    he several of 7innery-s allegations but could not prove officials

    tried "to manipulate the financial statements"

    enty years ago, Department of Defense #nalyst 8ran%lin *

    Spinney made headlines e9posing hat he calls the "accounting

    games" :e-s still there, and although he does not spea% for the

    Pentagon, he believes the problem has gotten orse

    "Those numbers are pie in the sky. The books are cooked

    routinely year after year," he said.

    #nother critic of Pentagon aste, Retired ;ice #dmiral 6ac%

    Shanahan, commanded the

    'n his opinion, "5ith good financial oversight e could find $?/

    billion in loose change in that building, ithout having to hit the

    ta9payers"

    The-no/ledgeo#)entagon/asteisnothingne/#rom%00nails

    to%700dollarhammerstheoverchargingandpricego+gingis

    /elldoc+mented&

    B+t%2&'trilliondollarsisaloto#moneytogo+nacco+nted#or

    anda#terR+ms#eldanno+ncementthere/erealoto#8+estionsthat/eregoingtohavetobeans/eredhadnottheeventso#the

    ne9tdayovershado/edallmediareporting&

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    The )entagon Attac-

    )entagon (oments A#ter The Attac-hat/o+ldhavebeenheadlinene/s#or/ee-s/ass/ept+nder

    ther+gbytheeventso#41.co+ldithavebeentocover+pthe

    missingTrillions:

    "he impact area included both the

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    == struc%" South *oast odayPittsburgh Post(a@etteA122001B

    One #rmy office in the Pentagon lost &? of its >) employees in theattac% 7ost of those %illed in the office, called Resource Services5ashington, ere civilian accountants, boo%%eepers and budgetanalysts hey ere at their des%s hen #merican #irlines 8light== struc%The$omptrollero#the)entagonatthetimeo#theattac-/asDov;a-heim./ho/asappointedin(ayo#200&Be#orebecomingthe)entagoning in electronic/ar#aretechnologies incl+dingremote=

    controlledaircra#tsystems&;a-heimisamembero#the)ro5ect#oraNe/American$ent+ryandparticipatedinthecreationo#its2000positionpaperReb+ildingAmerica

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    ,mage"#)entagonAttac-

    Someo#themostdamningproo#thattheo##icialgovernmetstoryo#/hathappenedtothe)entagonon41isinacc+ratecanbe#o+ndinthephotosta-enrighta#tertheattac-occ+rred&

    Thisimagetellsatho+sand/ordsonenoticethatthegrassin#ronto#theb+ildingisstillgreenand/ell-ept&

    Thereisalsonoapparentdebri.s+chaspartso#thecrashedplane.l+ggage./heelsandh+manbodyparts&"therthanthepointo#impactthes+ro+ndingareais+nto+ched&

    Alsonote thehole in the)entagon/asoriginally thesi>eo#a/indo/ as sho/n in the pict+re belo/ be#ore the b+ildongcollapsed&

    *

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    !mmediatly $fter The $ttack

    Notice the b+ilding is still #or the most part intact and again

    observethegreengrass&

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    raphic Sim+lating The ,mpact "# The et

    Theabovegraphicclearlysho/sthattheholeinthe)entagon

    /allisin#act.toosmall.tohavebeenmadebyaboeingC7C&

    The)entagonA#terTheireas)+t"+t

    immy Digital )resents Above Top Secret All Rights Reserved By ames E Nance 20!

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    hateverhitthe)entagonit/asde#inetlynotaBoeingC7C&

    As#arasthemissingtrillionsgoyearslatergovernmento##icials

    statedthat&

    Thetechnologyrevol+tionhas trans#ormedorgani>ationsacross

    theprivatesector.b+tnoto+rs.not#+lly.notyet&eare.asthey

    say. tangled in o+r anchor chain& "+r #inancial systems are

    decadesold&Accordingtosomeestimates./ecannottrac-%2&'trillionintransactions&ecannotshare in#ormation#rom#loorto

    #loorinthisb+ildingbeca+seitenso#technological

    systemsthatareinaccessibleorincompatible&

    ?/ecannottrac-?doesnotmeanthatthemoney/entmissing&,t

    meansthattheirsystemsaresoo+to#dateandnotcompatible

    /itheachotherthat theycan

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    immy Digital )resents Above Top Secret All Rights Reserved By ames E Nance 20!

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    immy Digital )resents Above Top Secret All Rights Reserved By ames E Nance 20!

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    ,#in#actanyo#thehigh5ac-ersarestillaliveisalmostimpossible

    toans/er&,#in#actanythepeopleaboveact+allyhigh5ac-edtheplaneshavenotbeenproventothisveryday&

    "neo# themost/ildeststoriesregarding thehigh5ac-erscame

    not#rominternetconspiracistb+t#romo+ro/ngovernmentstate

    departmentitseemseventho+ghthet/oplanescrashingintothe

    /orldtradecenters/ereeno+ghtocollapsebothb+ildingsand

    completelydisintergratetheplanes&TheB,/erestillableto#ind

    oneo#thehigh5ac-erspassportper#ectlyintact&

    immy Digital )resents Above Top Secret All Rights Reserved By ames E Nance 20!

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    immy Digital )resents Above Top Secret All Rights Reserved By ames E Nance 20!

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    The Big Short

    (assive ,nside Trading )rior To 41Theremanystoriesabo+tpeoplebeinga/arebe#orehandabo+t

    /hat/astoocc+rthemorningo#September200#romthe

    storyo#thelittle,srealiboythatloo-edo+to#the/indo/#romhis

    schoolandsaidthoseb+ildings/ontbeheretommoro/tothe

    $E"that/astoldnottocometo/or-intheT$themorningo#

    41&

    The thingabo+t thosestories isthatthey/ereall impossible to

    prove&

    immy Digital )resents Above Top Secret All Rights Reserved By ames E Nance 20!

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    raph "# The )rice Action "n 41%hort sale in finance refers to!

    he practice of selling securities or other financial instruments,ith the intention of subseEuently repurchasing them at a loerprice'n layman terms an investor sells stoc% he does not on inanticipation of of buying it at a loer price ma%ing a profit beteenthe price he sold it for vs the price he bought it for after the sale

    Daysa#ter4eorgeB+sh

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    "nSeptember0.200atthe$hicagoBoard"ptionsE9change

    there/ere!.7p+tsonAmericanAirlinestoonlyC!Kcalls&nitedAirlines/astargeted #or !.C!!p+tsasopposedto'4

    calls&Then+mbersonthereins+rancecompanies/eresimilarly

    lopsided& By #ar the biggest trader o# the p+t options /as

    De+tscheBan- Ale9 Bro/n H the S trading armo#De+tsche

    Ban-H/hichbo+ghttraditionalEightamiliesI/ealthrepository

    andlargesto+r@orsemenshareholderBan-erIsTr+stin444tobecomethe/orldIslargestban-/ith%KK2billioninassets&

    Altho+gh+ni#ormlyignoredbythemainstream&S&media.there

    isab+ndantandclearevidencethatan+mbero#transactionsin

    #inancial mar-ets indicated speci#ic criminalF #ore-no/ledgeo#

    theSeptemberattac-sontheorldTrade$enterandthe

    )entagon&,nthecaseo#atleastoneo#thesetrades==/hichhasle#ta%2&7millionpri>e+nclaimed==the#irm+sedtoplacethe?p+t

    options?onnitedAirlinesstoc-/as.+ntil44K.managedbythe

    man/hoisno/inthen+mberthreeE9ec+tiveDirectorpositionat

    the$entral,ntelligenceAgency&ntil44CA&B&?B+>>y?Lrongard

    had been $hairman o# the investment ban- A&B& Bro/n& A&B&

    Bro/n/asac8+iredbyBan-er

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    Lrongard

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    +nderstandthesigni#icanceo#thesetrades.?sellingshort?and

    ?p+toptions?&

    ?SellingShort?istheborro/ingo#stoc-.sellingitatc+rrent

    mar-etprices.b+tnotbeingre8+iredtoact+allyprod+cethestoc-

    #or some time& ,# the stoc- #alls precipito+sly a#ter the short

    contractisentered.thesellercanthen#+l#illthecontractbyb+ying

    thestoc-a#ter thepricehas #allenandcompletethecontractat

    thepre=crashprice&Thesecontractso#tenhavea/indo/o#as

    longas#o+rmonths&

    ?)+t"ptions?arecontractsgivingtheb+yertheoptiontosell

    stoc-s at a later date& )+rchased at nominal prices o#. #or

    e9ample.%&00pershare.theyaresoldinbloc-so#00shares&,#

    e9ercised.theygivetheholdertheoptiono#sellingselected

    stoc-sata#+t+redateatapriceset/henthecontractisiss+ed&

    Th+s.#oraninvestmento#%0.000itmightbepossibletotie+p

    0.000shareso#nitedorAmericanAirlinesat%00pershare.

    andthesellero#theoptionisthenobligatedtob+ythemi#the

    optionise9ec+ted&,#thestoc-has#allento%70/henthecontract

    mat+res.theholdero#theoptioncanp+rchasetheshares#or%70

    and immediately sell them #or %00 = regardless o# /here the

    mar-etthenstands&Acalloptionisthereverseo#ap+toption.

    /hichis.ine##ect.aderivativesbetthatthestoc-price/illgo+p&

    ASeptember2storybythe,sraeli@er>liyya,nternational)olicy

    ,nstit+te #or $o+nter terrorism. entitled ?Blac- T+esdayG The

    immy Digital )resents Above Top Secret All Rights Reserved By ames E Nance 20!

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    orld

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    theseoptionscontracts/erebo+ghtbased+pon-no/ledgeo#

    theapproachingattac-s.theirp+rchasersco+ldhavepro#itedby

    atleast%&2million&

    (errillMynch$o&./hichocc+pied22#loorso#theorldTrade

    $enter.sa/2.27"ctober%!7p+toptionsbo+ghtinthe#o+r

    tradingdaysbe#oretheattac-sOtheprevio+saveragevol+mein

    those shares had been 272 contracts per day Pa 200

    increase6Q& hen trading res+med. (errill

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    /hoseidentitiesandnationalitieshavenotbeenmadep+blic=

    hadadvance-no/ledgeo#thestri-es?&Theydonebe#ore

    investigatorsstartedloo-ing&

    ?"ctoberseriesoptions#orAM$orp&/erep+rchasedinhighly

    +n+s+alvol+mesthreetradingdaysbe#oretheterroristattac-s#or

    atotalo+tlayo#%2.0C0Oinvestorsbo+ghttheoptioncontracts.

    eachrepresenting00shares.#or40centseach&PThisrepresents

    2'0.000sharesQ&Thoseoptionsareno/sellingatmorethan%2

    each& There are still 2.'' so=called ?p+t? options o+tstanding

    Pval+ed at %2&CC million and representing 2'.'00 sharesQ

    accordingtothe"ptions$learingho+se$orp?&

    ?Theso+rce#amiliar/iththenitedtradesidenti#iedDe+tsche

    Ban- Ale9& Bro/n. the American investment ban-ing arm o#

    ermangiantDe+tscheBan-.astheinvestmentban-+sedto

    p+rchaseat leastsomeo#theseoptions?This/astheoperation

    managedbyLrongard+ntilasrecentlyas44K&

    Asreportedinotherne/sstories.De+tscheBan-/asalsothe

    h+bo#insidertradingactivityconnectedto(+nichRe&5+stbe#ore

    theattac-s&

    $,A.T@EBANLSANDT@EBR"LERS

    nderstanding the interrelationships bet/een $,A and the

    immy Digital )resents Above Top Secret All Rights Reserved By ames E Nance 20!

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    ban-ingandbro-erage/orldiscriticaltograspingthealready

    #righteningimplicationso#theaboverevelations&Metileadersandloo-eda#ter&S&

    investments in ermany& John oster /ent on to become

    Secretaryo#State+nderD/ightEisenho/erandAllen/entonto

    serveas$,ADirector+nderEisenho/erand/aslater#iredby

    JL&Theirpro#essionsGpartnersinthemostpo/er#+l=tothisday

    =allStreetla/#irmo#S+llivan.$rom/ell&

    Bill$asey=RonaldReagan

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    stoc-bro-er&

    DavidDoherty=Thec+rrent*ice)residento#theNe/or-Stoc-

    E9change#oren#orcementistheretiredeneral$o+nselo#the

    $entral,ntelligenceAgency&

    eorge@erbertal-erB+sh=)resident#rom4K4toJan+ary

    44'.alsoservedas$,ADirector#or'months#rom4C=C&@e

    isno/apaidcons+ltanttothe$arlylero+p.thethlargest

    de#ense contractor in the nation. /hich also shares 5oint

    investments/iththebinMaden#amily&

    A&B&?B+>>y?Lrongard=Thec+rrentE9ec+tiveDirectoro#the

    $entral ,ntelligence Agency is the #ormer $hairman o# the

    investment ban- A&B& Bro/n and #ormer *ice $hairman o#

    Ban-er

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    Baname9&

    NoraSlat-in=Thisretired$,AE9ec+tiveDirectoralsositson

    $itiban-

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    handlestradingin.amongotherthings.stoc-options&,hal#=

    5o-ingly as-ed her. ?hatever happened to the $B"E

    investigationo#allthepro#itsmadebythose/hobo+ghtp+t

    options on airlines stoc-s be#ore4=:?

    @erans/ered#looredme&Shesaid.?,tprobably/o+ldhavebeen

    easy#or+sto#indo+t/ho/asbehindthetrades.b+tthe

    governmentcameinandtoldthe$B"Epresidenttostopthe

    investigation&?

    J+sttoma-es+re,heardherright.,saidtoher.?Thegovernment

    cameinandtoldthe$B"Epresidentnottoinvestigate:?

    She said.?eah.it /as really strange&?

    Theconversationchanged#oramin+te.b+t,/antedtogetbac-

    tothegovernmentnot/antinganinvestigation&,saidtoher

    again.a thirdtime.ma-ings+re , heardright. ?Thegovernment

    didn

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    Epilog+empteenboo-s/rittenand'yrs later/earestillnocloserto

    thetr+thabo+t/hathappenedonSeptember.200than/e

    /ereSeptember2.o#200&TheTr+th,s"+tThere6

    immy Digital )resents Above Top Secret immy Digital )resents Above Top Secret All Rights Reserved By ames E Nance 20!