Busted: Bankers and The Global Economy

January 5, 2009

The SEC, Madoff and Investment

investment-ponzi-madoffU.S. authorities allege that Bernie Madoff delivered consistently strong returns to clients by secretly using the principal investment from new investors for payments to previous investors, in what is known as a ‘pyramid fraud.’ The Securities and Exchange Commission has known about irregularities for nearly a decade and declined to do anything beyond ignoring the likelihood of fraud.

Laura Cohn of Kiplinger’s, in typical elitist style, asks the question that bears asking. In light of Bernard Madoff’s alleged Ponzi scheme, are you taking steps to ensure that your financial adviser is on the up and up?

The good news is that if you are asking that question, you are still financially solvent (probably) and have still have money concerns like investing. That is good, especially for you. However, all this drama must have you asking the question about why you need to trust all these high-powered frauds with your hard-earned cash rather than gaining investing knowledge yourself. That would be bad for the industry because you wouldn’t need them. Ultimately, that is the economic solution for the fraudsters that put this economy where it is today coupled with the plight of government regulators that couldn’t find their way out of a paper shopping bag.  Do it yourself.

bush-and-sec-coxTo be certain, hundreds of blogs have already been consumed with the utter stupidity of government entities that need to be eradicated entirely because they don’t have a real purpose beyond squandering taxpayer dollars.  Perhaps we can look to President Obama to take some meaningful swipes toward ineffective and largely useless government agencies. The fascinating preponderance of economic, investment and banking fraud that has come to a head should have your head spinning. The fact that these overeducated opportunists and complacent politicians have brought this nation to its’ knees bears repeating.

For years we have been gleefully taught that we can trust others with our money: our blood, sweat and tears. Could we have been duped?  Whom do you trust? You’d better think twice bright eyes. The new President of the United States will be setting the tone for cleaning up the fraud on all fronts. What tone Barack Obama chooses has great importance for anyone that cares about this nation. ~ E. Manning

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September 27, 2008

U.S. Sovereignty Lost to Federal Reserve

a corporate nation

United States now a multinational corporate nation

For a long time the U.S. Securities and Exchange Commission has been committed to deregulation and a proponent of voluntary regulation. The head of the SEC, Christopher Cox admits that voluntary regulation has been a major contributor to the market and economic collapse. By his admission, the government regulatory oversight program was fundamentally flawed from the beginning.

The reality is that the SEC is out of a job because investment banks in the strict sense no longer exist. The SEC will still have primary responsibility for regulating securities brokers and dealers. However, the interesting prospect is that all future oversight will be turned over to the quasi-governmental Federal Reserve under Ben Bernanke. All the government players have agreed that government regulatory failures brought on the economic collapse.

A grand attempt to extort the nation has been made by Henry Paulson as he claims that the United States must rush into a solution that has been evolving for the last twenty years. His reputation is on the line. The reputation of the Bush administration is on the line if they still have one. The reality behind the immediate panic of the crisis rests firmly on the loss of jobs in America as bad mortgage securities continue to implode on nation. Trust across the board has been diminished and lost. The crisis of confidence reigns supreme.

The Federal Reserve continues to attempt to suck up more and more control and power. And why not? They hold the purse strings and ultimately the support required to run the nation. The United States has lost its sovereignty to what is effectively a multinational corporation courtesy of the mindless politicians that citizens elected to man the helm of the United States. They have lost the will to manage money, turning the nation into a den of slavery. The United States is effectively a corporation that belongs to International Bankers, a fascist state of sorts.

corporate slaves

corporate slaves

The Federal Reserve cannot be audited even though there have been some moves by Congress to make the attempt. The Fed has resisted responsibility for national accountability, instead using economic theory and global banking governance to bolster its position and control over the dollar. The world is now effectively run by an International Banking Cartel that on this website is referred to as the International Society of Bankers. ~ E. Manning

For more information on this topic including the hierarchy of the global banking system, review this website.

 

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