"It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." — Henry Ford
Some might wonder why the following post is on a site that has to do with "BIKERs". Our contentioin would be that a "Real Biker" learns how to survive. That includes saving their ass-etts!
On July 6th we posted within this post: American Christians, Freedom, Revolution and other myths
The following:
PREDICTION with a warning: And this is number one because we have an uneasy feeling that tomorrow could be the beginning of more of the second shoe falling.
The stock market is going lower. Not just a little lower. Big time lower. If you are like many others who have money in retirement accounts that are being watched and/or managed by anyone else but yourself, then we say to you, CHANGE THAT ARRANGEMENT NOW!
We know governments are corrupt. We know the Banks are corrupt and we know oil companies are corrupt. IF YOU believe for one moment that the person who is supposed to be managing your money (“supposed” is the operative word here), then you will pay the price. Your money manager (we suspect most have no idea of who actually runs their retirement accounts), if not corrupt probably works for a brokerage house that is.
If you are not checking your investments everyday, if you are not reading about what it is you are invested in and what could go wrong with it you are going to lose. Because here is a,
FACT: We are not going into a double dip recession! Despite some officials announcement that we had come out of “the recession”, we did not. We had a simple illusionary reprieve manufactured with a bit of quantitative easing to postpone for just a little bit the bitter medicine yet to come. If we avoid a Depression it will not be through the actions of politicians but by the grace of God!
We know that was not a widely read post based on the hits it received. However, if you were one of the few to read it we hope that you took some of the advice, such as, checking out what you are invested in and why, and making some sort of decision to take a more active role in monitoring your portfolio. BECAUSE MONEY RULES. NOT YOURS, NOT MINE BUT BIG MONEY!!!!
Because on most occasions, most economic advisors are wrong. The ones that are not wrong we suspect, unless you have a few million, are not the ones taking care of your portfolio. Because the really rich are getting richer at our expense. We took our own advice, and made a profit Friday while the market dumped 200+ points.
Now we are not a financial expert(s), advisor or anything close to any of those things. Our definition of an expert is somebody who has nothing left to learn. We ourselves have much to learn and therefor must rely on history and research and seeking consensus views of other people who rely on history and research.
If you have kept up with this site at all, you know we have posted numerous times on the new Kleptocracy and our contention that the struggles in this country are not defined by conservative versus liberal, however those terms are defined, but by power and money. We are talking about power and money enough to buy the whores who make the laws that you and I must abide by.
Why do we use the term in "whores"? Consider the following:
From:
Even Members Of Congress Bet Against Falling Markets
These Are excepts read the whole story by following the link
Some members of the Congress made risky bets with their own money on those US stocks and bonds which were likely to fall in the run up to the financial crisis. According to The Wall Street Journal's analysis of Congressional disclosures, investment accounts of 13 members of the Congress or their spouses reveal that they made bearish investments in 2008 through exchange traded funds-portfolios that trade like stocks and mirror an index.
and
Earlier, some of these legislators strongly criticized practices of short selling, or bets on securities which are likely to decline. In February, Senator Johnny Isakson argued against these practices by saying, “We don't need those speculating in the marketplace to take unfair advantage of the values of equities that are owned by Americans all over this country for the sake of making a buck on a short sale.”
But contrary to his comment, Isakson himself put money on a short-sale. Records show, on Oct. 8 and 9, 2008—as the Federal Reserve was bailing out American International Group Inc. (NYSE: AIG [FREE Stock Trend Analysis]), an account held by Sen. Isakson showed that he had invested more than $30,000 in ProShares UltraShort 7-10 Year Treasury (ETF) (NYSE: PST) and ProShares UltraShort 20+ Year Treasury (ETF) (NYSE: TBT). These were “leveraged short” funds, designed to gain $2 for each $1 drop in the daily value of U.S. Treasury bonds. However, Isakson denied any involvement in short-selling. He said that his account was professionaly managed by Morgan Stanley Smith Barney; hence he had no control over it. "They make those decisions and I report what they do," he said. "I put money away in my career so I can hopefully retirne one day," he added.
Isakson said that he does support legislation to limit short selling but opposes the idea of a complete ban on it. Reacting over this issue, former Rep. Joel Hefley said, such trading involving members of the Congress or spouses “doesn't look real great when the economy is tanking and people are blaming the government.”
We also note the following:
Judge who overturned drilling moratorium reported owning stock in drilling companies
The federal judge who overturned Barack Obama's offshore drilling moratorium reported owning stock in numerous companies involved in the offshore oil industry — including Transocean, which leased the Deepwater Horizon drilling rig to BP prior to its April 20 explosion in the Gulf of Mexico — according to 2008 financial disclosure reports.
U.S. District Judge Martin Feldman issued a preliminary injunction today barring the enforcement of the president's proposed six-month moratorium on deepwater drilling, arguing that the ban is too broad.
According to Feldman's 2008 financial disclosure form, posted online by Judicial Watch [pdf], the judge owned stock in Transocean, as well as five other companies that are either directly or indirectly involved in the offshore drilling business.
It's not surprising that Feldman, who is a judge for the Eastern District of Louisiana, has invested in the offshore drilling business — an Associated Press investigation found earlier this month that more than half the federal judges in the districts affected by the BP spill have financial ties to the oil and gas industry.
The report discloses that in 2008, Judge Feldman held less than $15,000 worth of stock in Transocean, as well as similar amounts (federal rules only require that judges report a range of values ) inHercules Offshore, ATP Oil and Gas, and Parker Drilling. All of those companies offer contract offshore drilling services and operate offshore rigs in the Gulf of Mexico. Judge Feldman also owned between $15,000 and $50,000 in notes offered by Ocean Energy, Inc., a company that offers "concept design and manufacturing design of submersible drilling rigs," according to its website. None of the companies were direct parties to the lawsuit seeking to overturn the ban.
Judge Feldman did not immediately return a message seeking comment.
We find it extremely disturbing that the persons charged with establish economic policy and financial regulation are profiting from the rules they make. Even more disturbing is that these Individuals in position to establish economic policy ARE SELLING THE COUNTRY SHORT!
Now we may be naive, but we find it difficult to believe that these individuals are going to establish legislation that would cut their own throats. We also find it incredulous to believe that any Judge hearing a case is going to rule in such a manner as to cost himself major bucks!
As if that isn't enough many of the financial talking heads praised the settlement of Goldman Sachs alleged Fraud case. Excuse us, we say alleged because it never went to court. It was in fact Fraud. From "ALLGOV Everything our government really does"
Officials at the Securities and Exchange Commission are crowing over the fine levied on Goldman Sachs for allegedly defrauding investors in the 2007 Abacus CDO, saying the $550 million penalty is the largest ever handed down against a Wall Street firm.
However, $550 million is equal to only about two weeks’ worth of profit that Goldman enjoyed during the first quarter of this year, when it made $3.3 billion. In addition, news of the settlement sent Goldman stock up, raising its market cap (value of stock multiplied by number of shares issued) $3.3 billion in less than a day and a half. And don’t forget that as part of the 2008 bank bailout, the federal government gave Goldman Sachs $12.9 billion to settle its claims against AIG.
Goldman agreed to the penalty without admitting or denying any wrongdoing.
More on Goldman Sachs:
How Goldman Sachs Games the System
or some of our own posts
If it were you or I would we receive the same treatment. We suspect not. We are not among the privileged in collusion with the government. We unable to purchase whore judges and legislators. There is a long history of Goldmans involvement in government see:
Hit the link to see some of the more distinguished of Goldman alum and their transition to Government:
There's a long list of Goldman Sachs executives who have played critical roles in government and business, from Sidney Weinberg during the World War II years to Hank Paulson's during the 2008 financial crisis.
Conspiracy theorists, as a result, often try to tie the firm's success to its connections in Washington and other influential institutions. Others simply note that Goldman is known to hire the "best and brightest." That practice has not only given it a competitive edge in the marketplace, it has made its executives ideal candidates for the challenges of public service or other pursuits. And in some cases it also made Goldman an attractive destination after such service.
So, who are the most influential Goldman Sachs alums linked to DC and beyond? Click ahead to find out!
By Gennine Kelly
Posted 25 May 2010
We have been posting on Goldman since 2008. Others much longer. Conspiracy theories aside there is ample proof to believe that Goldman Sachs and the Government are bedfellows in collusion to rape the citizenry.
Moving beyond Goldman Sachs however we find that there are numerous companies sitting on piles of cash. Why? THEY HAVE NO BETTER PLACE TO PUT IT!
Companies are socking away the money for WHEN THINGS GET BAD. Now there are two things to consider here:
1. Companies can claim it is their fiduciary responsibility by law to insure their share holders profit, or at least be responsible guardians over investors money.
2. Why spend their money to improve their markets, when they can wait on the government to engage in more Quantitative Easing. This benefits these cash rich companies in two ways:
A. Taxpayer money will be used to stimulate their markets while,
B. When they do start hiring they can hire taxpayers at lower wages, with less benefits and less accommodative working conditions.
A win/win situation for the rich and their lackeys in the government who get rich off the crumbs.
We can point you in more directions such as, the numbers reported to us are skewed, example:
Companies are socking away the money for WHEN THINGS GET BAD. Now there are two things to consider here:
1. Companies can claim it is their fiduciary responsibility by law to insure their share holders profit, or at least be responsible guardians over investors money.
2. Why spend their money to improve their markets, when they can wait on the government to engage in more Quantitative Easing. This benefits these cash rich companies in two ways:
A. Taxpayer money will be used to stimulate their markets while,
B. When they do start hiring they can hire taxpayers at lower wages, with less benefits and less accommodative working conditions.
A win/win situation for the rich and their lackeys in the government who get rich off the crumbs.
We can point you in more directions such as, the numbers reported to us are skewed, example:
John Hussman: Don't Take the Bait
excerpt
Investors who allow Wall Street to convince them that stocks are generationally cheap at current levels are like trout - biting down on the enticing but illusory bait of operating earnings, unaware of the hook buried inside.
Housing Market Index Hits 15-Month Low
excerpt
After a brief “sugar high” from this spring’s expiring homebuyer tax credit, the outlook from home builders is back to a level last seen around the middle of “The Great Recession”, casting more doubt on where the U.S. economy is headed during the second half of the year.
Bank Failures
and High Frequency trading
And this from: Guru Forecasts: Better Lucky Than Smart?
excerpt: So next time we read some intricately motivated forecast from a star Wall Street authority, let’s keep in mind that this is just as much as the human mind-at its best? -can conceive, but that reality will result of the competing expectations of millions of other “votes”.
Not necessarily better-informed “votes”, by the way. Which means that the outcome might be less “efficient” than the most carefully forecasted one. Being smart does not always lead to riches, as “the market can stay inefficient longer than you can stay solvent”, as we know. So, away from philosophy, what does that mean in real trading life?We could go on and on. However we wish our readers to do a little historical searching on their own and arrive at there own conclusions. Then share them with us.
For ourselves, it is our intention to continue to research and monitor and keep ourselves as nimble as possible, ready for that any minute, "oh damn". But the following is what we are currently considering:
Prior to elections there will be more sucker rallies. If fleet of foot you may profit. If it gets uglier (how much we can not determine) Bernanke will fly his money dropping helicopter.
If this house of cards/ponzi scheme does not collapse before the elections, we hope to be better prepared for it's collapse after the elections. Because we know the following as fact:
You can not have an economic recovery for the general population without jobs.
The truly rich, the Government, many corporate heads and the bankers will not risk one penny of the money they have pocketed by stealing from us to make it any better for us.
That is not part of the plan. The plan is to steal from us until we are so poor we will work for anybody, for anything under any conditions. That my friends, is called slavery!
"Government is not reason; it is not eloquence. It is force. And force, like fire, is a dangerous servant and a fearful master."Add to Technorati Favorites
nbsp; George Washington
