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Showing posts with label Ponzi. Show all posts
Showing posts with label Ponzi. Show all posts

Thursday, November 12, 2009

A Group of Satanic Trillionaires have Created the Goldilocks Matrix

Our usurping, non-citizen, spendthrift President, together with our corrupt, elitist-bootlicking Congress of money-grabbing Dumbos and Jackasses, are spending us into a multi-trillion dollar hyperinflationary oblivion as their ratings by their constituents drop into the toilet bowl, ratings which are disgracefully the lowest in all of US history. With a diabolical “Robin Hood in Reverse” plan in place since 1913 for the extortion of money from the US middle class to reduce their serfs to poverty and abject slavery, the Illuminati have managed to use the Federal Reserve Act and US income tax, together with the Social Security Ponzi Scheme, phony, orchestrated wars for profit, socialization of bankster-gangster losses, the globalism/free trade/off-shoring/outsourcing/legal-illegal immigration agendas, and a totally bought-and-paid-for President, Congress, judiciary and regulatory agencies, to reduce US citizens to consumerist credit addicts, living pay check to pay check like narcissistic hedonists.'

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Tuesday, October 20, 2009

Wall Street Ponzi Scheme Continues Unabated

The Dow is at 10,000, the Federal deficit is breaking records, unemployment is skyrocketing and money is cheap ~ so let's inflate the same debt bubble, continue Wall Street's derivative Ponzi scheme and let Main Street take the risk while Wall Street takes the profit.

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Monday, July 27, 2009

Spitzer: Federal Reserve is ‘a Ponzi Scheme, an Inside Job’


The Federal Reserve — the quasi-autonomous body that controls the US’s money supply — is a
“Ponzi scheme” that created “bubble after bubble” in the US economy and needs to be held accountable for its actions, says Eliot Spitzer, the former governor and attorney-general of New York.

In a wide-ranging discussion of the bank bailouts on MSNBC’s Morning Meeting, host Dylan Ratigan described the process by which the Federal Reserve exchanged $13.9 trillion of bad bank debt for cash that it gave to the struggling banks.

Spitzer — who built a reputation as “the Sheriff of Wall Street” for his zealous prosecutions of corporate crime as New York’s attorney-general and then resigned as the state’s governor over revelations he had paid for prostitutes — seemed to agree with Ratigan that the bank bailout amounts to “America’s greatest theft and cover-up ever.”


Wednesday, July 22, 2009

Dismantling the Temple


The financial crisis has propelled the Federal Reserve into an excruciating political dilemma. The Fed is at the zenith of its influence, using its extraordinary powers to rescue the economy. Yet the extreme irregularity of its behavior is producing a legitimacy crisis for the central bank. The remote technocrats at the Fed who decide money and credit policy for the nation are deliberately opaque and little understood by most Americans. For the first time in generations, they are now threatened with popular rebellion.

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Wednesday, May 13, 2009

Another Mega-thief Walks Free in the US

While the US criminal justice system is notoriously punitive and heavy-handed when it comes to crimes of theft and trespass, its collective heart melts when it comes up against a mega-criminal.

Witness the ability of self-confessed fraud, thief, and confidence trickster Marc S. Dreier, who pled guilty on Monday in a New York court to selling $400 million worth of fake promissory notes and running an illegal Ponzi scheme, yet managed to walk free from the courthouse.

This echoes another US court's compassion toward Mr. Bernard Madoff, who was allowed bail, despite being charged with the biggest fraud in the history of mankind, near $50 billion, and who, while under 'house arrest' in his mansion apartment in New York, was busy dispensing his private possessions to relatives to avoid being forced to provide even meager restitution to his countless creditors.

Not so lucky was Mr. Jerry Williams, 27, who in 1995 was sentenced to 25 years to life for stealing a slice of pizza. Admittedly, it could have been his third offense, which put him at the wrong end of California's "three strikes" law, but in all likelihood, all that Mr. Williams ever stole in his life would not amount to Harvard Law School graduate Marc Dreier's gasoline costs for his Aston Martin and Mercedes.

Welcome to the US of A.

Press TV

Friday, April 24, 2009

Jack Bauer Can't Stop 'The Goldman Conspiracy'

Two mind-numbing fast-paced dramas. Two parallel worlds. One real, one fiction, both deadly. Jack Bauer, mythic hero of "24." Dying from a deadly bio-pathogen leaked from weapons developed by Starkwood, a rogue mercenary army attacking the presidency, hell-bent on taking over America.

The other drama in play: "Hank the Hammer" Paulson, iconic Wall Street hero, a Trojan Horse placed inside Washington by Goldman Sachs as Treasury Secretary in control of America's $15 trillion economy. Goldman, a modern dynasty with vast financial powers much like those once used by the de' Medici, Rothschilds and Morgans to control nations.

One of the confounding aspects of bear market rallies is that the longer they last, the more likely investors are to expect a correction, says Barron's Bob O'Brien.Both dramas play high-stakes games with financial WMDs that have lethal consequences. Jack compresses thrills, kills and chills into 24 hours. Hank, Goldman and their army of Wall Street mercenaries move with equally blinding speed, heart-pounding action.

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How the Wall Street Journal and the New York Times Buried the Madoff Scandal for at Least Four Years

One dog that snoozed in its kennel was the New York Times. The Madoff scam was, of course, a local story for the Times, not least because Times editors undoubtedly knew many of Madoff’s victims socially. It is surprising, to say the least, that no Times person ever seems to have sensed there was something fishy going on in the Lipstick building. The Upper East Side was buzzing with rumors about his apparently sensational investment returns. Many a New York socialite either had money invested with him – and boasted of it in a loud stage whisper – or at least wanted to do so.

Yet it was only on the day of Madoff’s arrest that the Times condescended to inform its readers that many of his more alert peers had sensed he was a fake all along.

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Tuesday, April 14, 2009

A Fraud That Makes Madoff Look Small Time

Since Bernard L. Madoff was handcuffed and taken from his office by FBI agents, we have been made well aware of the nature of Ponzi schemes, fraudulent investment opportunities that pay off early participants with money from newcomers, not from returns on legitimate stock or bond holdings. Mr. Madoff, once a highly respected member of the Wall Street establishment, has admitted to defrauding investors of as much as $50 billion in such a manner. When asked by the agents who arrested him if he could explain what he'd done, he reportedly said, "There is no innocent explanation."

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Saturday, March 28, 2009

Obama's Latest No Banker Left Behind Scheme

On Wall Street, that is. So hyped by advance fanfare, Timothy Geithner unveiled his Public-Private Investment Program (PPIP) on March 23, the latest in a growing alphabet soup of handouts topping $12.5 trillion and counting - so much in so many forms, in "gov-speak" language, with so many changing and moving parts, it's hard for experts to keep up let alone the public, except to sense something is very wrong.

They're being fleeced by a finance Ponzi scheme, sheer flimflam, and here's how from what we know.

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Friday, March 13, 2009

Madoff Goes to Jail After Guilty Pleas to All Charges

When Bernard L. Madoff entered a federal courtroom in Manhattan on Thursday to admit that he had run a vast Ponzi scheme that robbed thousands of investors of their life savings, he was as elegantly dressed as ever. But, preparing for jail, he wore no wedding ring — only the shadowy imprint remained of one he has worn for nearly 50 years.

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Monday, February 02, 2009

Wealth Of The USA Plundered By Jews by Texe Marrs

It's all over the media, how one Wall Street crook, Bernie Madoff, masterminded the greatest Ponzi scheme in history. Bernie ripped off investors to the tune of $50 billion, and they're still counting.

Fifty billion! That's more than the current market value of General Motors, Disney, Boeing, and Anheuser-Busch combined. And just one solitary individual—a corrupt, money-grabbing Jew named "Madoff"—is the culprit.

But, wait...hold on. Is this one crime the whole picture, the full extent of Wall Street's monumental scam and robbery extravaganza? Not by a long shot!

Yes Virginia, There is a Santa Claus
Citibank's Jewish money-shovelers stole some $200 billion—and then got the idiots at the U.S. Treasury to dole out some $160 billion of our—the suffering taxpayers—hard-earned money into their coffers. Yes, Virginia, there is a Santa Claus and his name is "Uncle Sam."

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Sunday, February 01, 2009

The Hustle!

The IMF is out of cash.

That is, according to the governor of Mexico’s Central Bank, Guillermo Ortiz, at this years otherwise absolutely insane Davos economic forum, who said, “The IMF does not have enough money for what is coming.”

Turns out, he was right. The Wall Street Urinal reported this morning:

“The International Monetary Fund is finalizing a $100 billion loan from Japan and is considering issuing bonds for the first time in its history, as part of an effort to double the financial resources it has to fight the deepening global recession.”

The IMF has a lending capacity of about $250 billion, and wants to double that. In the past the UK and the USA have vetoed the IMF issuing bonds to raise money. I doubt such a veto will come from the UK this time, since we are so bankrupt we may just need IMF cash in the not too distant future.

The $250 billion figure seems strangely low to me, considering it is usually the IMF that countries run to when they can’t pay their debts.

But it raises an interesting question - if the IMF extends loans to nation states using money it has borrowed from banks, and nation states are using those loans to bail out banks, where is the interest on the loans going?

This could just be the biggest scam in history - banks use the fractional reserve system to issue loans, creating money out of thin air. This previously non-existent money is lent to nation states to fund their bailout packages, where the cash is forwarded back to the banks again to support their balance sheets. In return the banks give the countries involved some worthless “assets.” The tax payer is now liable to the banks for the interest on loans which the banks effectively lent themselves.

Amazing.

Those involved, from Gordon Brown, through every politician who keeps his mouth shut, to every journalist who doesn’t write about it, should be ending their days in prison.

Public Inquiry! Now.

The UK Column

Tuesday, January 06, 2009

Obama's Perilous Compromise with Wall Street Looters

President Obama has made an enormous mistake. Instead of cracking down on serial looters and complicit regulators, he wants to guarantee the financial sector's obligations, which are several times larger than America's economy.

This is a Ponzi scheme far beyond Bernie Madoff's imagination. Simply put: The government is breaking the rules of capitalism to reward the most reckless capitalists.

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Friday, January 02, 2009

Globalism - A Gigantic Ponzi Scheme


The EU recommended in a study, published in August 2008, that all European citizens and European Banks should invest with Icelandic banks. The concept was that the Icelandic banks would transfer these funds, grabbed from gullible and deceived Europeans, to Jewish Wall Street Banksters, such as Lehman Brothers and fraudster Madoff. Iceland's banks collapsed only four weeks after the EU had published the Commission's study and investment recommendation.
Thousands of people lost their savings and pensions to fraudsters like Richard Fuld from Lehman and Bernie Madoff - via the Iceland concept.

This gigantic fraud was promoted by Israel's Icelandic puppet, president Ólsfur Ragnar Grímsson as "a distinct Icelandic entrepreneurial spirit".

Sunday, December 14, 2008

Madoff Ponzi Scheme Dwarfed by Illuminati Rubin's

'The arrest of financier Bernard Madoff Thursday for operating a "Ponzi scheme" costing investors $50 billion made the TV network news. Curiously, a lawsuit the same day against Clinton Treasury Secretary Robert Rubin for defrauding Citibank shareholders of more than $122 billion, also described as a "Ponzi scheme," got no airplay whatsoever.



As we shall see, Rubin, a Director of Citibank, profited from the shady practices that destroyed the financial system and sent the world's economies into a tailspin. Then, to repair the damage, he and his banker friends put the taxpayer on the hook for trillions.


Rubin didn't get the same publicity as Madoff because of his close connection to Barack Obama.'


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Monday, September 08, 2008

Britain's housing plan smells like Ponzi: James Saft

'Britain's plan to cut taxes and offer incentives to first-time buyers is sure to fail and smells a bit of Ponzi.
Britain this week announced a 1 billion pound package of measures including eliminating a 1 percent tax paid by buyers of houses costing less than 175,000 pounds and a program to give interest-free 30 percent down payment loans to first-time buyers with moderate incomes.
Ponzi schemes, called after a famous fraudster, attempt to use the money of new investors to pay unsustainably high returns to existing ones, but at their heart have no actual business or productive enterprise.
While by no means a fraud, the plan will in effect suck money from those not on the housing ladder or at its bottom to support those further up, as well, significantly, as the banks who've loaned them money. The plan also meets the Ponzi test in that it is an attempt to keep an overdeveloped and underproductive sector of the economy going.
It would be far better to acknowledge that British housing prices are much too high and likely to fall substantially from here, and to try to do what little can be done to soften the side effects.'

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