MADOFF'S THEFT IS PETTY LARCENY
By Paul Cappadona
I am against the Hostility aimed at poor Bernie Madoff. He's not even in the same league as the real monetary enemies of the world. We just got to lighten up; we're coming down to hard on him. Other people and groups, including our social security system, are doing the same thing without being picked on. Madoff is small potatoes in comparison to the world's greatest scammers. Poor Bernie is 70 years old and facing 150 years in prison, try to figure that one out.
Isn't it only about a measly pittance of 50 billion dollar in swindles? Ease up let the man go. Fifty billion, just put it on our tap, it's practically nothing.
We can afford 50 billions all day long it's trivial standing beside the indebtedness perpetrated on US of $1.14 Quadrillion. All this could only be accomplished because of the Federal Reserve Banks and their takeover of our Government through the largest lobbing (bribing) effort in history. "If you don't use your eyes for seeing, later you will use them for weeping." --F.W. Foerster.
The biggest problem with paper money, besides lacking balance, is there is an insufficient pressure relief valve. All money is loaned into existence with interest and principle due. If we must pay the principle back how do we pay back the interest? Up until now we just borrowed more and government helped by spending more all borrowed with our co-sign. As time goes on the debt keeps getting larger and larger. That kind of capitalism produces perpetual debt.. Perpetual debt allows the banking parasites a very comfortable existence. But greed knows no bounds and most parasites will not disembark until the host is dead. Without free coinage there is no way to pay interest and stay out of perpetual debt. The world's betterment was the result of the Coinage Act of 1792. The coinage act placed money in circulation that was not due back to central banks. Freely circulating value based money was good for you, me, and the Nation but bad for the parasitical banking interests.
Capitalism is an ism and needs to be avoided as much as any other evil ism. Capitalism is not free market economics or free enterprise. Capitalism is a scam based on debt controlled by bankers through their issuance of credit. Capitalism as I am explaining it offers no real protection of the producers of wealth, the hard working middle class. The privately owned Federal Reserve Gangsters and their cohorts created this system of irredeemable currency that protects thieves in high places, but robs the little guy by plundering his savings. As I picture it, Capitalism (Monetized debt) is a parasite that attached itself to the American free enterprise system. Once attached its job is too slowly but surly siphoned out real wealth and replaced it with debt. The results of this evil exchange are finally becoming visible but the watchmen keep silent. Perpetual debt was fun for them but is now it's unsustainable for us. We can't keep it going and eat too.
NEW YORK (Reuters) - Private equity company Blackstone Group LP (BX.N) CEO Stephen Schwarzman said that up to 45 percent of the world's wealth has been destroyed by the global credit crisis. The wealth he is talking about has not been destroyed but stolen by the monetary system that was established to do just that. "Between 40 and 45 percent of the world's wealth has been destroyed in little less than a year and a half," Schwarzman told an audience at the Japan Society. "This is absolutely unprecedented in our lifetime." As reassuring as can be he went on to say, "But the U.S. government is committed to the preservation of financial institutions, and will do whatever it takes to restart the economy." Or as I would put it, we will use the government's powers to conceal this scam until our crime bosses in the financial institutions complete their goals.
told you for a long time that for every loser there is a winner. Therefore
it is now reasonable to assume the absolute majority of the $9.5 trillion
dollar bailout has been paid out to the winners.
Therefore tax and debt dollars have funded the yet unnamed winners." --Jim Sinclair
In comes the tax payer bailout. That's the government borrowing money using the tax payer as collateral for the payments. Who is talking about how the bailout is to be paid back and what were the interest terms? When and how much is the first payment? As far as I know it is yet to be mentioned. There has been a lot of talk about taxing the "rich" which is just a code name for tax payers. What are the banks doing with this made from nothing money? They are buying real wealth and will leave us with debt and hyperinflation. Banks were January's net buyers of 1.1 million oz of gold. That's 1,100,000 oz of gold times the price of gold lets say 1,000.00 per oz, just for convenience, that equals $1,100,000,000.00 of bailout money. It seems they know which direction the dollar is headed. Have your savings grown? And yes that was just January.
"This Economic Depression is far more complex than meets the eye. I believe that the Investment Bankers, in their own greed, used the final days of the Bush Administration to try to grab as much as they could while there was an ex-Goldman Sachs boss in the driver seat." --Martin Armstrong
Martin I believe the Investment Banksters controls both parties and its Mr. Obama that is their man in charge of the soon to be foreclosed assets called the United States of America.
Well back to Bernie Madoff, it seems that the FBI is assigning agents to more white-collar crime.
The justice Department reports their pursuit of 530 cases of possible corporate crimes, including investigations into Fannie Mae, Countrywide, and AIG. Federal sentencing guidelines link the size of the public's financial loss to the length of a prison term. With so many billions swindled, prosecutors have plenty of leverage to squeeze out guilty pleas. I do believe that justice must be carried out; however it looks like it is a slight of hand to keep our eyes off the real tricksters.
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We must agree in equality of law and that no one is above the law. My dad told me that I could do any think I wanted, even rob a bank, but he said be prepared to pay the price. If we do not bring charges against the source of all financial high crimes punishing Bernie will accomplish nothing and we will all sink together into a great sea of debt. Complain to the Grand Juries; don't expect the government to investigate the Fed. Don't be distracted with news trivia; keep your eyes on the real crimes. I'll send you a Grand Jury Creed just for the asking.
Global Derivatives Market Now Valued at $1.14 Quadrillion! By: Jutia
Group Thursday, July 24, 2008 1:40 PM The Bank of International Settlements,
which seems to be the only institution that tracks the derivatives market,
has recently reported that global outstanding derivatives have reached
1.14 quadrillion dollars: $548 Trillion in listed credit derivatives
plus $596 trillion in notional/OTC derivatives.
2, 45 percent of world's wealth destroyed: Blackstone CEO Wed Mar 11, 2009 3:10am EDT By Megan Davies and Walden Siew
3, Jim Sinclair's MineSet
4, Martin Armstrong: Is It Time To Turn Out The Lights? P driver seat. osted: 03/11/2009 21:27:45
© 2009 - Paul Cappadona - All Rights Reserved