http://www.youtube.com/watch?v=mkz9AQhQFNY
On Mon, Sep 5, 2011 at 4:27 AM, ornamentalmind <[email protected]>wrote: > Neil mentioned insurance... something that is as close to the > protection racket as possible. > > Here in the States, we have many examples but one who stands out is > William McGuire. His stock option of over a billion dollars (yes, > billion with a 'b'), shows what happens when people who purchase > insurance end up not getting anything for their money. That and the > over 30% stock profits show what a sham the private sector is when it > comes to the health racket. Many countries have laws denying any > profit for such situations. Here, such crimes are seen as 'good'...a > shining example of capitalism. Talk about serfdom! > > http://www.startribune.com/business/11093081.html > http://www.forbes.com/static/pvp2005/LIRRI3M.html > > http://www.time.com/time/specials/packages/article/0,28804,1848501_1848500_1848464,00.html > > > > On Sep 4, 2:11 pm, archytas <[email protected]> wrote: > > I'm fairy convinced on a politburo of the rich -a kind of shadow big > > government. I like it no more than any other big government. I don't > > think the threat is 'socialism' but rather serfdom. I regard anything > > I have to pay to retailing or excess profit as tax and anything I have > > to pay to capital based on accumulated wealth as a toll. I'm not > > concerned whether the government or private sector taxes me, but my > > control over it. For instance, I regard anything beyond a basic > > haircut as a tax, but can easily avoid anything other than a short > > back and sides. > > > > If we lived in a commune, those of us getting home with sore backs > > after a day of toil might well object to other members who claimed > > their job was to sit around all day playing Monopoly. This is much > > how I regard the banksters - beyond the primitive stuff we need. The > > trillions swilling about that Orn raises represent a form of Monopoly > > played with our currency. > > > > Around the West you can see that wages have ceased to rise and debt > > increasing since around 1965 - the previous examples are in gold > > rushes and the Depression. China is no different in the last 20 > > years. The figures expressed in GDP terms are clear and also show a > > massive adjustment of wealth to the rich. The essence of it all is a > > move from building lives and capital that is investment in such, to > > accumulation through speculation for a few. Our politics is 60 years > > behind what is going on. The figures don't show the money going on > > public services but into the Monopoly game we don't get to play in. > > > > If you look at what the bottom 50% in our economies own of what we can > > put a money value on it's very small in comparison with the top 20%. > > Our governments are both corrupt (most MPs or representatives are > > economically useless) and scared - they are ploughing money to the > > banks and changing requirements for them to hold more Teir 1 capital > > and the rest - but must know the banks simply change their false- > > accounting schemes in order to play their old games. The new QE is > > privatised and what's going on is asset sweating - they are still > > borrowing our savings and pensions in repo deals that mean our low > > risk investments are still going into junk and gambles. The question > > is where the losses are and how they have been dumped. In the old > > Barings case, the losses were dumped into an 888 account - but in this > > wider crisis the losses are so massive that governments have decided > > to inflate their way out. This is an old trick, practised by the > > Germans to evade reparations. > > > > The alternative is to go for job growth and wage inflation - the other > > being war. The situation is clouded by soaked up ideologies about > > meritocracy, hard work and despising poor people as wasters. In > > reality we have no idea of how little work we need to do, or how bent > > the banksters are. The banksters have created their own free table > > (Plato's communism), but socialism isn't needed to end this - > > transparency is. > > > > The USD is probably finished as a reserve currency - this should scare > > all Americans and Europeans who have lived under the US military > > umbrella - much as many of us resent what this has done. I > > investigated a few 'insurance rings' as a cop - discovering many > > dodges happening through players in different organisations that > > allowed cuts to be taken from insurance payouts - the banksters do > > something similar. At root it's about taking money to 'insure' > > investments knowing there is no insurance because any insurer would go > > bust if required to pay up. In the processes they get to buy real > > assets with dud 'secuitised' money. They have been betting with our > > futures. > > > > We need rid of them without ending up with big government. > > > > On Sep 4, 8:17 pm, Don Johnson <[email protected]> wrote: > > > > > > > > > > > > > > > > > Timmy "Turbo Tax" Geithner has much to answer for. Ruining this > country's > > > economy seems to be at the top of his list. I wonder if the msm will > pick up > > > on any of this and stick with it until incompetent and/or conniving > > > opportunists can be removed from their appointed positions of great > power. > > > How long will it take? > > > > >http://professional.wsj.com/article/SB1000142405311190346110457646007. > .. > > > > > dj > > > > > PS: Interesting in that your link fails to mention the man(Bernie > Sanders) > > > with the provocative quote about socialism for the rich is actually a > card > > > carrying socialist himself. One of the few actually willing to admit > it. > > > Also, strangely, no mention of the architect behind the 'secret' > bailouts. > > > Mr. Timmy 'Turbo Tax' Geithner. A mystery wrapped in an enigma and > slathered > > > with stinky Maroilles. > > > > > On Sun, Sep 4, 2011 at 1:00 AM, ornamentalmind > > > <[email protected]>wrote: > > > > > > For those who know the private corporate status of the Fed., the > > > > following won’t be much of a shock. For the rest, it may be. > > > > > > First Federal Reserve Audit Reveals Trillions in Secret Bailouts > > > > > > The first-ever audit of the U.S. Federal Reserve has revealed 16 > > > > trillion dollars in secret bank bailouts and has raised more > questions > > > > about the quasi-private agency’s opaque operations. > > > > > > "This is a clear case of socialism for the rich and rugged, > you’re-on- > > > > your-own individualism for everyone else," …read the rest at: > > > >http://www.commondreams.org/headline/2011/08/28-3 >
