Archive for the ‘Breaking News’ Category

Stock Market Put Options and September 21, 2007

Monday, September 17th, 2007

Put options of the stock market can be looked at as bets that stock will crash. Put options on United Airlines and American Airlines were placed by an anonymous investor shortly before 9/11. United and American Airlines are the companies whose aircrafts were hijacked during 9/11 attack. Because put options involve great risks, if someone puts billions of dollars in put options, it clearly indicates that they know something we don’t know. Put options that were place prior to 9/11 were later traced by private researchers (Securities and Exchange Commission refused to reveal this information) to a Dutch bank with ties to a former CIA director.

In late August this year (few weeks ago) somebody again placed 245 000 put options anonymously on the Dow Jones Eurostoxx 50 index which would once again indicate that someone has a foreknowledge that the general public does not.

These anonymous investors are basically risking $1 Billion dollars that we’re going to have another event similar to 9/11 by September 21st, or they’ll lose their money. The only way for them to make money out of that huge investment is if the market crashes by a third to a half by September 21st 2007 (that is the expiry day of said put options).

Sales of this scale are referred to as “Bin Laden Trades” because it would take another 9/11 (or a Chinese dollar reserve dump) to make these options valuable. If such event does occur, the trader is looking at cashing 2 billion dollars.

Now – why is it that someone knew exactly what was going to happen on 9/11 and was able to cash on put options big time? How come they knew exactly which airlines will be hijacked and when?

Not surprisingly, the 9/11 commission released the statement after their investigation, that even though some unusual trading activity did occur just before 9/11, quote “it was all coincidentally innocuous and not the result of insider trading by parties with foreknowledge of the 9/11 attacks”

Here’s a comforting news (though coming from an independent investigator, not a verifiable source):

Most of the investments in these put options originated in Germany through the Deutsche Bank. Deutshce Bank had earlier acquired Banker’s Trust, an investment banking firm whose Vice Chairman in charge of “private client relations” in the late 1990’s was A. B. “Buzzy” Krongard. In March of 2001, Krongard was appointed Executive Director of the CIA.

On the other hand – billions of dollars change hands in trades every day. Pro Investors with giant fund managers follow their indicators and make investments based on it. Billion dollars is not uncommon in these circles. Sometimes they make a whoop lot of money because they’ve made an educated guess. Other times they lose but it has been proven throughout the history that this kind of co-incidental trades do happen.

Today, there’s 4 days left to see if it’s all just a big conspiracy theory or something we should have really listened to…

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Lars Vilks’ “Modog” Cartoons had al-Quaeda offer $100k for his Head

Monday, September 17th, 2007

Lars Vilks

Terrorism is the war of the poor, and War is the terrorism of the rich. — Peter Ustinov

Lars Vilks is a Swedish cartoonist who drew the series of cartoons entitled “modog” portraying prophet Muhammad with a dog’s body.

Abu Omar al-Baghdadi – the leader of al-Quaeda in Iraq offered $100k bounty for the murder of Lars Vilks and additional $50k for Ulf Johansson, the chief editor of the Nerikes Allehanda where cartoons were published. al-Quaeda group further offered 50% bonus if Lars Vilks was “slaughtered like a lamb” – which means to have the throat cut.

Lars Vilks seems to be able to keep his cool and says: “It’s good to know how much one is worth”. Following the incident, another Swedish national daily paper – Dagens Nyheter republished the cartoon and its editor Thorbjörn Larsson said:

We live in a country where freedom of expression is not dictated by fundamentalists, nor by governments. To me, publishing it was the obvious thing to do.

al-Quaeda’s Abu Omar al-Baghdadi called Lars Vilks a criminal when he announced the $100k award be put on his head.

Swedish prime minister Fredrik Reinfeldt initiated talks with ambassadors of Muslim based countries in Sweden in an attempt to defuse the tension. Free press and the right of free speech and expression are not punishable by Swedish law.

There certainly are risks and consequences involved when one exercised their right to expression. Just as you have the right to speak, so do they have the right to disagree. This is the point of free speech. And that’s what western civilizations are (or should be) all about – fundamental freedoms, such as the aforementioned freedom of speech, as well as freedom of press, freedom of religion, freedom of peaceful assembly and so forth. This freedom of speech right certainly gets misused by whiny little bitches who use word “censorship” each time somebody exercises their right to object, but that’s not the point.

Abu Omar al-Baghdadi has made a reference to giant Swedish companies such as Ericcson, Scania, Volvo, Ikea, and Electrolux stating that al-Quaeda would strike the economy of these companies as part of their revenge against Lars Vilks’ cartoons. Now, if al-Quaeda said they were going to boycott Swedish products and companies, I could in a sense understand that as that is how you exercise your fundamental freedoms and you are entitled to choose who you do business with and who you don’t. But to put a price on the head of an artist???

Lars Vilks’ “Modog” Cartoon

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OJ Simpson a Wanted Man

Sunday, September 16th, 2007

OJ Simpson

There are reports that OJ Simpson is being questioned by Las Vegas police Department (LVPD) about robbery. The incident took place late last and involved breaking into a room at the Palace Station Casino in Las Vegas. Police are investigating the incident and seceral people are being questioned apart from OJ Simpson. The official police statement is to be issued later today, but from early reports it appears that OJ Simpson has not been arrested.

Wanted!

Happy Birthday, Roald Dahl

Saturday, September 15th, 2007

Roald Dahl

Roald Dahl was an author and a screen writer who had his fingers in such high profile movie flicks as You Only Live Twice – a James Bond movie, or Chitty Chitty Bang Bang – a Disney feature. His writing career is most recognized through some of the most successful children books that include Charlie and the Chocolate Factory, The Twits, James and The Giant Peach, Matilda and The BFG. Roald Dahl was an outstanding story teller able to master mischief through his writing like no other. It’s actually quite accurate to assume that Roald Dahl is one of the most unusual writers. His writing is as entrancing today as it had been before he died 17 years ago. Roald Dahl would have celebrated his 91st birthday today. Happy Birthday to you, Roald, Happy Birthday, man.

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Welcome to Beer Steak Bullshit Blog!

Tuesday, September 11th, 2007

Welcome everyone. As you can see I have no clue what I’m talking about and so don’t you, apparently. Otherwise you wouldn’t be here, would you? As it turns out, this blog was created on September 11, 2007. There was no particular reason to start it right on the 6th anniversary of 9/11, it just worked out like that. Any relation between this blog and the 9/11 events are strictly coincidental. Now that I look at it, though… it’s pretty cool. It will be easy to remember :)