Serge; Velvet jaws and his minions get away with just about any
thing they want. Last year when they up the interest rates it was
wrong, I'm not all that bright myself but any one who looked
could have seen they should have left interest rates alone and
raised the margin requirements. I posted to that effect, as I had
found you could buy or short futures up to 90% margin, at the time
I had no idea they were doing all the big foreign derivatives (many
that were out and out scams ) with the same 90% margin.
GreenSpam had to know all this and blithely turned his head,
they knew margins was the big problem back in 87, and had made a
few changes as to how much mutual funds could margin. Big deal
they change that and open up huge offshore hedge funds and gave
them a blank check.
As dumb as I am I can't picture them being so stupid as to have
allowed that , if so why the hell are we beholding to them.
The pure stupid part being so hard to believe from some one who
can dance around and evade any issue as well as GeernSpam does
I'm stuck with thinking it's criminal.
That they can pass laws to let them steal, or find loop holes to do it, does not change the fact it's stealing. Call stealing by any
other name it's still criminal.
Let the Buyer Beware, came from laws passed 4000 years ago, and
it meant that the sellers had an obligation and responsibility
to make "full disclosure" and be sure the buyer was aware,
not the way these criminals have put a spin on it and shifted
the responsibility to the buyer. This goes beyond just telling
the party on the other side of the deal ( more often than not a
partner in the crime ) these derivative deals effect every
one via the way it effects our currency and so there should be
no exemption for them not being required to do full disclosure.
That's like you go to a doctor and he gives you any kind of medicine just to make money , never informs you of any side effects, but just
says there are some, yet he full well knows the medicine is
going to slowly kill you, and when it does he wrings his hands and
talks about how foolish you were, or how he had no idea of it's
deadly effects.
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Sounds sort of ridicules, but it happens.
In 1913 a handful of paid off Republicans, did an end run
around normal procedure, and passed a bill that turned the
Government over to Privet Banking interest, that they put the
Title Federal on it was a spin to make it look like it was
something other than it is. These bankers are a fraternity of well connected racketeers that are much more sophisticated than any gangsters you have read about , but their nature is every bit as criminal, if not more so. They have the nation by the throat
and are so powerful that they have defied any attempts to do
an audit on their books. Not even Al Capone could get away from
that, but the Federal Reserve does.
Jim |
