| User Info
| Janet Skewers Them Again in forum [Market-Ticker]
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Soontobeexpat
Posts: 19
Incept: 2012-04-04
Nevada USA
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Janet is once again spot on and we need to heed her warnings.
Dr. Marc Faber is also right, IMO
He says (paraphrased and shortened.. sorry): "Cash, Bonds are dangerous," and buy "Equities, Real Estate, Commodities, Art, Collectibles, and anything that cannot be multiplied like paper money."
I have been moving assets to inflation hedges which I control (land, real estate, physical gold).
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Financial
Posts: 76
Incept: 2010-12-08
Iowa
Online
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There is a two edged sword here. Inflation is limited by too large of a ramp up in commodities. When this happens taking interest rate increases into consideration may prove important. And this could happen quickly with a relatively minor increase.
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Kallisti
Posts: 3
Incept: 2011-01-05
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First time post, longtime lurker. Forgive my ignorance on this point, but I thought there was no statute of limitations on fraud. If that's the case, then the strategy is empty.
Keep up the great work, KD.
Reason: Correction: Must have posted once before back when I joined
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Genesis
Posts: 130691
Incept: 2007-06-26
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The statute of limitations is tolled on undiscovered fraud.
This has been blatant and in the open. The clock has been ticking.
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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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Steelhead23
Posts: 2041
Incept: 2008-09-09
Portland OR
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In effect, what Janet is lamenting is not the financial crimes themselves, but our government's responses to those crimes. This lament is going nowhere as long as the expenditure of money is considered free speech in our electoral process. The U.S. is currently a criminogenic oligarchy with a thin veneer of democracy. Until that changes, nothing changes.
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"Give me control of a nation's money and I care not who makes it's laws" —Mayer Amschel Bauer Rothschild Benjamin Bernanke
For-profit commercial banks are a menace and should be eradicated
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Kallisti
Posts: 3
Incept: 2011-01-05
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Well doesn't that just about s***? Isn't there a cause of action for a citizen somewhere under federal fraud statutes? I can't believe they could actually get away with this.
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Duc888
Posts: 7368
Incept: 2008-11-06
CT, the UNconstitution State
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I think this has been "the plan" all along regarding any illegality.
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...burp
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Ribbit
Posts: 1780
Incept: 2007-09-10
Wales, UK
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Statutes of limitation aren't recognised by lynch mobs and contract killers, amongst others.
I'm sure there's plenty of the presently 'less wealthy than they should be' with enough contacts and the will to deliver freestyle flying lessons without parachutes, to those in need.
Such tend to be the eventual consequences of not abiding by the Rule of Law (eta: well, actually things tend to end up far worse than that, before they get better, and the biggest scumbags will seriously dislike the individuals they end up being confronted by, but not for long).
That's not what I'm advocating (I'm definitely a Rule of Law type of guy that likes to see handcuffs and proper sentencing hand in glove with proper enforcement, as that way everybody is better off), but 'it is what it is'.
We will probably end up needing lots of very big trash cans.
The point is once the Rule of Law goes out the window, you are then into a genuine lawless State, and all bets, safeguards, and guarantees, are off. Scores get settled.
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If the State was a Nanny, it would have been fired for incompetence, unreliability, and having its hands in the till, a very long time ago now.
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Widgeon
Posts: 13481
Incept: 2007-08-30
Region formerly known as the United States
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Tsherry
Posts: 193
Incept: 2008-12-09
Spokane WA
Online
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So when do the rifles come out? What will it take to finally get people to react?
Obviously stealing a bazillion dollars from America's farmers wasn't enough; stealing a zillion homes wasn't enough; stealing your purchasing power wasn't enough.
Do we just continue the wishcast of walking to the reaper and expect an outcome that does not involve decapitation?
WTF will it take?
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Seaterk
Posts: 174
Incept: 2009-04-30
Los Angeles
Banned
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Tsherry, Ribbit,
You will not see these people suffer at the hands of an angry mob of people that they ripped off. They have paid off-duty cops, bullet/bomb proof cars and security up the wazoo in order to ensure their safety. Also, things will have to get very bad indeed before anybody gets off their butts to even protest, assuming that they are even aware of what is happening as most can't be bothered once American Idol or Dances with the Stars starts.
I hate to say it but I see no reasonable way to fight this. I've contacted my representatives before and all you get is a form letter. If you're angry you may get a visit by the FBI but you won't change their vote which has been bought and paid for by Wall Street lobbyists. And elections don't change a thing, nothing changed between Bush and Obama and nothing will change if we elect some no name Libertarian as they seem to be corrupted about two weeks after taking office. We are a banana republic or so close to being one that it makes no difference.
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Mannfm11
Posts: 3536
Incept: 2009-02-28
DFW, Tx
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I tell a lot of people about this stuff. I post it on Facebook. It is hard for me to see the US government, as it is functioning today as anything but a crime syndicate. The story that Corzine didn't know where the money went, the investigators couldn't find it, etc is less legitimate than the kid telling his teacher the dog ate his homework every day for the last month. Money is not only tracable, but highly traceable, especially when it has a lot of zeros on it. These people should be executed on pay per view TV, using not so humane tactics, maybe by a million fire ant bites.
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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
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Jstanley01
Posts: 8176
Incept: 2008-07-30
San Antonio, Texas
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Definitely a must-read. One nit though... Quote:But the banks say they lost money.
The fact that a bank lost money isn’t an indication that they were a victim as opposed to being a perpetrator. A classic problem with control fraud is that the parasites destroy the host — in this case, the host being the bank and the parasites being the bank employees. If you were the victim of a control fraud by the people who worked in your own bank but meanwhile, you were collecting huge bonuses, you overlooked the control fraud within your own institution. Better to stick with "perpetrator" meme by using the verb, "you perpetrated the control fraud". Bill Black has detailed exactly how, up and down the entire internal, rating agency, and regulatory food chain too... http://reimaginingeconomics.mirocommunit....
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You can't cheat an honest man. ~P.T. Barnum
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Mrbill
Posts: 7843
Incept: 2008-10-19
North Carolina
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Quote:This lament is going nowhere as long as the expenditure of money is considered free speech in our electoral process There's really no point in arguing this, but I'll say it again, free speech is freedom from government deciding what speech it will allow. Putting ads on TV does not make me turn on the TV. The problem are the morons voting that are persuaded by 30 second attack ads. |
