Showing posts with label ponzi scheme. Show all posts
Showing posts with label ponzi scheme. Show all posts

Wednesday, June 17, 2009

The true definition of a Ponzi scheme.

What is a Ponzi scheme?

A ponzi scheme is an organization with strong ties to private and public centers of power.

A ponzi scheme must first be able to dominate it's image through media outlets who exchange influential positions as experts for ad revenue. Generally, the print, radio or tv organization will quote and or interview from organization/bank (x) while carrying ads for them. It seems reasonable that recently it dawned on everyone that these "experts" would have to disclose if they had a vested interest in the success of the investments that they recommended to reveal their conflict of interest. It would be better if the media outlet would end the segment with how much financing they receive from bank (X), ad revenue and how much investment the organization has in that outlet or any of it's subsidiaries.

A ponzi scheme must wield uncanny clout in the corridors of power. In a situation where there is increasing outrage about using public depositors funds for personal bonuses to keep up exotic lifestyles while failing (at their job to make money), it's nice to know that you will be receiving MORE public funds with no whisper of indicting, raiding, closing, prosecuting or convicting anyone.

According to our blood money recipients (media and government), the economic downturn exposes lack of expertise, fraud and ponzi's like madoff and standford. This economic downturn somehow failed to expose and cause media derision & government assault on scotia/caisse or jpmorgan/bank of america. They hear the public outcry for punishment about the inequity in them going unpunished and spend day and night arresting and running stories about relative small timers whom you've never heard of and don't affect the public at large.

Maybe charles ponzi would be proud of madoff but he definitely would be more proud of the g-8 governments and media outlets, that are still attempting to talk past the crimes by these organizations that brought civilization to it's knee's.

Now exclude these organizations from the ponzi scheme checklist:


This is the type of trivia that has your mind racing to keep all banks from being ponzi schemes. Unfortunately for our corrupt friends in the media and government the law requires guilt to be based on the accepted practices of an industry. This means a judge who doesn't know anything about running a nuclear plant can't simply find someone guilty of acting recklessly at one. The first measure is to find if the person acted in a credible fashion for his/her occupation/industry e.g. it can't be reckless if it is the standard practice and would have been the action of 9/10 other informed professionals.


How this applies to all of the ponzi/fraud cases out there is how can a public constantly exposed to banks expect anything other than those practices listed above. Since these institutions are considered the standard bearers of the industry, how can a prosecutor not look to them for what would be acceptable practice.


You ever notice that most of these people have some banking/brokerage background? It would seem that they picked it up from the source and after watching media and government confer so much reverence and respect on these organizations, figured that this must be the proper way to do it. What a shock it must be to wake up arrested while your mentor continues to receive support. If some of these people are crooks, we know they learned from the best ;)


p to the mutherfkn s


A washington post article referred to bankers as casualties of the economic downturn. The point of the article was actually just to put that lie into the public psyche. It is outlandish right now while it's happening and fresh on everyone's mind that the banks are the culprits. Sell that ad space, dawg!


Here's a refresher: Northern rock a british bank experiences a run(when the legitimate banks are asked to make good on all of their statements and can't).


google some "legitimate names for your future investments: Bnp paribas halt's withdrawals:


UBS helps wealthy steal from federal government. Remember bear stearns and lehman bros.? Oh and don't forget the state of cali FORNia wih AH-nold. Weren't there banks called wachovia and washington mutual once upon a time?


Also governments around the world are creating "bad banks" to buy all the red ink off of the banks balance sheets. So that they can survive and we can pretend that they weren't inept crooks who destroyed 50 years of generated wealth. This is like someone buying all of your debt from you with cash, your bad credit is purchased from you and cleaned up, while you keep your assets. We all could benefit from a corrupt deal like that, hell most of madoff clients would be better off it madoff would have made the list of corrupt titans eligible for a bailout.

What industry and government crony told the post to print this nazi style propaganda?
No wonder all the media outlets are going bankrupt.



Thursday, April 17, 2008

UR a goddamn lie and U don't know whadaF$@% UR talking about


Reason : 2.5 My life is impossibly difficult because people want to believe what they believe instead of believing what they know.

My organization was called a scam or scheme by so many ignorant people (all of which have since disappeared) that I should be rich simply by suing for slander. Generally what kept people from voting with me wholeheartedly was ignorance and a good deal of cowardice. Ignorance because finance and banking is something most people don't have a clue about. This is odd because of course you will go to a bank more times than you go to court or see a doctor but there are no banking dramas on t.v. So people make up how the bank works at work and around the kitchen table. For example what's happening to the economy right now is a call to raise reserve requirements because of decreased confidence in global fiat currency, particularly the dollar hegemony, right?

Several times as people tried to explain to me how banks make money or what they do with money, it sounded like a broken record. The odd thing was when I tell them in places like here or on at aid4families.com people were skeptical, asking where I got MY information. That generally was the reason I covered the page in links to sources they trust. Never mind the fact that I have actually worked for banks and in brokerage firms or study these things for a living OR that I developed my own system. This means I not only KNEW so much about it but was able to go out DO so much about it. This is what I mean about people choosing to believe what they believe. Everyone knows that smoking is bad for you, including smokers but people smoke anyway because they want to BELIEVE that consequences of their habit may not come to pass. The issue is that ignoring problems or lashing out at people who remind you of the facts is no solution.

Here's the second grade explanation I get from everyone about how banks survive. Everyone in town A takes their money to the local bank and then the bank makes money charging interest when they loan it out. So if I have this straight, your bank takes your stank-butt $1000 from all the citizens in the town and then loans out tens of thousands to each person in credit cards, car loans and mortgages and still has money for you to take out of your checking account each week. There are 100 people in town A who leave $1000 with the bank for a total of $100,000, that can be loaned out to everyone for all their credit needs. The average cost of a house in town A is $10,000. How many houses can the bank finance? The bank must also make all of the loans now(i.e. go broke now) for the chance of making a profit on the loan in the next 20 - 30 years. This is the common perception (and I don't know what I'm talking about).

Well it didn't take bankers as long as it is taking the public to understand that if they do it like that it wouldn't work for more than about....an hour. Now what if for every person that signed on to a $10,000 mortgage the bank would be allowed to loan out another $100,000? The government treats the mortgage like cash and allows it to act as the reserve requirement, that can be exchanged for cash, this way the more loans the bank writes the more money it can multiply and lend out. This means for your $100,000 mortgage the bank has been able to lend out another $1,000,000 in imaginary(fiat) dollars. This way banks are allowed to make money off of money that never existed and that they don't have. This works until people decide to check and all start to ask for their money at the same time and of course the bank doesn't have it and so it folds up. Right now it's coming apart and banks are taking huge losses and are trying not to close. What has kept most banks in canada and the u.s. from closing is huge infusions of cash that the government is allowing to be printed so the banks don't run out of money. The big problem that they are having now is that the government is bailing them out of this scheme with cash but the banks won't pass it on to consumers and business, also they are cutting interest rates to encourage borrowing but the banks won't pass on the rate cuts either. All the banks across the world are paranoid and won't loan to each other because they believe that the collateral (remember mortgages for cash) are worthless. So in the U.S. the fed said kcuF it, we'll take these worthless loans and give you cash anyway just so the entire world banking system doesn't collapse. Last weekend at the G-7 meeting the banks were told by the central banks that they can't keep cutting rates and giving cash for them to hoard and that they are going to have to keep more cash on hand in the future(raising reserve limits). The banking industry has been called a scam, ponzi scheme and worse from everyone from economist to world leaders. Bank fees, what the bank charges you for using your money, the forex what the banks charge business and people for converting their money, investments(why banks are taking losses on american securities), credit/debit transaction fees for merchants and customers, these streams along with profits from imaginary money is how banks actually work.

This is why I should have been amazed by anyone calling my wildly transparent organization a scheme. I've challenged everyone from online hacks to law enforcement to say that if any act I am performing is criminal are they willing to criminalize it if they find out it's being done by a company they trust. Everyone to a person looks at their feet out of cowardice. Of course, you're not going to stop banking with scotia or wachovia now that you know it's a scheme. Of course the crown or rcmp isn't going after BMO if they know it's a fragile ponzi scheme that's come home to roost. Of course DOJ or FBI won't be closing BOA or washington mutual. All of these organizations have plenty of customer complaints like paypal and wall st. but there is too much cowardice to be honest about stopping dishonesty. Since no one can be consistent about their outrage, since no one can offer a consistent measure of what constitutes a scam then I can't take anyone seriously. It just means no matter who you are, that ur a goddamn lie and U don't know whadaF$@% UR talking about!

Notice the currency at the top was backed by gold. They don't make 'em like that no more.
http://www.uspirg.org/html/consumer/archives/2005/09/high_creditdebi.html
http://en.wikipedia.org/wiki/Central_bank


Recent headlines from economic news