The Five Biggest Lies CNBC and the Main Stream Financial News Media that are in cahoots with the Crooked Trollops on Wall Street want you The American Taxpayer to believe?
? The Too Big to Fail Theory
? Without big FAT Taxpayer funded Bonuses, the best employees will leave the firm
? U.S. Businesses must run on highly financed leveraged models, thus the Credit Markets must be Restored
? The Toxic Waste Assets (Derivatives) are so complex nobody understands them
? The Toxic Waste Assets are so complex, nobody knows how to put a value on them
1. Without a doubt the most ridiculous piece of propaganda being put out today is the Too Big to Fail Theory. Why is it being sold to the American public as if our lives depended upon it? Simple?they (the mega rich bankers and thieves on Wall Street) want you to believe that so you will willingly sacrifice your life?s blood in the form of your tax dollars and toil in order to ensure they stay wealthy and in control of the system. ?They? are a very small group of wealthy individuals?the 1% that control 40% of America?s wealth. They would have you believe that they pay the bulk of all U.S. taxes when in fact once you factor in the hidden income disguised as corporate expenses, depletions, etc.., you would soon discover this assertion is hogwash; therefore they deserve their cake and pudding and billionaire lifestyles at your expense.
2. The AIG argument that is being propped up by the likes of CNN?s Ali Velshi, CNBC?s Lawrence Kudlow, Brian Shactman, and others such of Fox News Media?s Neil Cavetto, that basically has as its underpinning the idea that without the mega bonuses, the best employees in the financial companies would leave is simply false. We are in a Depression. This Depression started by layoffs in the failed and crooked Financial Services Industry. Therefore this is a ?Buyer?s Market" for labor which means that employees no matter how smart they think they are do not have the luxury of naming their price in the labor market. In this environment, there are a THOUSAND individuals that are capable of stepping up to the plate to fill ANY open position that would become available at any Wall Street firm, including AIG?and the same goes for Treasury and the U.S. Government. The reason the CNBC guys are angrily defending the bonuses like school-yard bullies is because they are being paid to represent AIG and other Wall Street firms like them. CNBC gets well paid to prop up and promote the Stock Market making the lot of the reporters used car salesmen at best and market trollops at worst. Also, the News Media Industry is now closing down outlets at a rapid pace, and as the layoffs mount the CNBC Snake Oil Salesmen are attempting to justify their own feeble existence as someone worthy of being listened to. Many of them have friends that are Speculators and Traders on Wall Street and many of them have been or are now Speculators and Traders themselves. Unfortunately, most of what is coming out their mouths these days is useless banter and rant. The only thing they can accurately predict as being up are the AIG bonuses they are apologizing for, and the only thing can accurately predict as being down is their arces.
3. The fact that U.S. Businesses are failing left and right due to unreasonable amounts of leverage (using other people?s money to operate on instead of internally generated cash flows) points to the very reason this is a failed model. In fact this model is nothing more or nothing less than the transfer of wealth from the backs of the poor, including poor Americans that get suckered into the markets and poor countries that get suckered into American markets under the guise of Triple AAA U.S. Certified Investments. Greed is the underlying principle of the United State?s current Highly Leveraged Model. Our U.S. Businesses DO NOT, I repeat?DO NOT have to operate this way?nor do U.S. Households. This is a myth that has led to the Greatest Transfer of World Wealth to a select few Elitist Carpetbaggers that has ever been thought out by the Financial Geniuses on Wall Street. Now they want you, the American Taxpayer to pay for their crime?the crime of GREED that has allowed them to steal billions of dollars from unsuspecting so-called ?Investors?.
4. The so-called Derivatives or Toxic Waste Assets are not complicated. I understand them, and I have explained them several times to my readers right here in The Last American Newspaper. Both the Financial News Media and Congress are perpetuating this myth together in hopes to cover up for the likes of JP Morgan, AIG, Bank of America, Wells Fargo, Citi-group and other banks that engaged in the highly Speculative world of Derivatives trading. What has happened is nothing short of ?Insurance Fraud? that is being disguised as ?unregulated financial instruments? that supposedly have no recourse to the person losing their shirt on the so-called ?investment?. Plain and simple, this was financial engineering, or gambling if you will that is nothing short of fraud, and I am quite certain that running an insurance company without a license is still prosecutable in the United States of America?no matter whether it be called a Derivative or an Insurance Policy. This is simply semantics and would be no different if I went into a bank and robbed it at gunpoint and called it a ?self-reliant unauthorized loan??it is still bank robbery, and the way the Derivatives Industry is being run is still Insurance Fraud to anyone not using selective semantic-based intelligence and logic. I guarantee you, there are thousands of intelligent people that fully understand Derivatives?it is not rocket science.
5. The Toxic Assets cannot be properly valued because they cannot be understood and/or the assets are complicated is the second part of the Derivatives Fraud that is being shoved down American?s throats. This simply is not so. If the Derivative is based on an underlying asset such as a devalued home of a failed mortgage then the value of the Derivative should be proportionately and properly knocked down. The Wall Streets smart guys in cahoots with Tim Geithner and the US Treasury are attempting to allow enough time to pass before valuing the assets in hopes that you and I the American taxpayer will willingly take the bad asset off the books at higher price than it is worth as is the case of what we are in affect doing by purchasing mortgages through Fannie Mae and Freddie Mac, or perhaps they are waiting until all of Geithner?s plan are in place so they can do the same thing through different schemes. Either way, the assets can easily be valued according to each and every asset in play. I don?t give a damn if the Derivative is based on the value of 1000 homes?so be it?go find out what the value of each of those 1000 homes is?this also is not rocket science.
In closing let me state this. We, the American taxpayer are being defrauded out of our wealth by a very small group of Crooked Bastards that think they are smarter than us which I assure you they are not, and think they can get away with it?which I assure you they probably will unless you and I get out our Pick Axes, Ax-handles and Shovels and march on both Washington and Wall Street demanding Retribution!
http://www.thelastamericannewspaper.com/
? The Too Big to Fail Theory
? Without big FAT Taxpayer funded Bonuses, the best employees will leave the firm
? U.S. Businesses must run on highly financed leveraged models, thus the Credit Markets must be Restored
? The Toxic Waste Assets (Derivatives) are so complex nobody understands them
? The Toxic Waste Assets are so complex, nobody knows how to put a value on them
1. Without a doubt the most ridiculous piece of propaganda being put out today is the Too Big to Fail Theory. Why is it being sold to the American public as if our lives depended upon it? Simple?they (the mega rich bankers and thieves on Wall Street) want you to believe that so you will willingly sacrifice your life?s blood in the form of your tax dollars and toil in order to ensure they stay wealthy and in control of the system. ?They? are a very small group of wealthy individuals?the 1% that control 40% of America?s wealth. They would have you believe that they pay the bulk of all U.S. taxes when in fact once you factor in the hidden income disguised as corporate expenses, depletions, etc.., you would soon discover this assertion is hogwash; therefore they deserve their cake and pudding and billionaire lifestyles at your expense.
2. The AIG argument that is being propped up by the likes of CNN?s Ali Velshi, CNBC?s Lawrence Kudlow, Brian Shactman, and others such of Fox News Media?s Neil Cavetto, that basically has as its underpinning the idea that without the mega bonuses, the best employees in the financial companies would leave is simply false. We are in a Depression. This Depression started by layoffs in the failed and crooked Financial Services Industry. Therefore this is a ?Buyer?s Market" for labor which means that employees no matter how smart they think they are do not have the luxury of naming their price in the labor market. In this environment, there are a THOUSAND individuals that are capable of stepping up to the plate to fill ANY open position that would become available at any Wall Street firm, including AIG?and the same goes for Treasury and the U.S. Government. The reason the CNBC guys are angrily defending the bonuses like school-yard bullies is because they are being paid to represent AIG and other Wall Street firms like them. CNBC gets well paid to prop up and promote the Stock Market making the lot of the reporters used car salesmen at best and market trollops at worst. Also, the News Media Industry is now closing down outlets at a rapid pace, and as the layoffs mount the CNBC Snake Oil Salesmen are attempting to justify their own feeble existence as someone worthy of being listened to. Many of them have friends that are Speculators and Traders on Wall Street and many of them have been or are now Speculators and Traders themselves. Unfortunately, most of what is coming out their mouths these days is useless banter and rant. The only thing they can accurately predict as being up are the AIG bonuses they are apologizing for, and the only thing can accurately predict as being down is their arces.
3. The fact that U.S. Businesses are failing left and right due to unreasonable amounts of leverage (using other people?s money to operate on instead of internally generated cash flows) points to the very reason this is a failed model. In fact this model is nothing more or nothing less than the transfer of wealth from the backs of the poor, including poor Americans that get suckered into the markets and poor countries that get suckered into American markets under the guise of Triple AAA U.S. Certified Investments. Greed is the underlying principle of the United State?s current Highly Leveraged Model. Our U.S. Businesses DO NOT, I repeat?DO NOT have to operate this way?nor do U.S. Households. This is a myth that has led to the Greatest Transfer of World Wealth to a select few Elitist Carpetbaggers that has ever been thought out by the Financial Geniuses on Wall Street. Now they want you, the American Taxpayer to pay for their crime?the crime of GREED that has allowed them to steal billions of dollars from unsuspecting so-called ?Investors?.
4. The so-called Derivatives or Toxic Waste Assets are not complicated. I understand them, and I have explained them several times to my readers right here in The Last American Newspaper. Both the Financial News Media and Congress are perpetuating this myth together in hopes to cover up for the likes of JP Morgan, AIG, Bank of America, Wells Fargo, Citi-group and other banks that engaged in the highly Speculative world of Derivatives trading. What has happened is nothing short of ?Insurance Fraud? that is being disguised as ?unregulated financial instruments? that supposedly have no recourse to the person losing their shirt on the so-called ?investment?. Plain and simple, this was financial engineering, or gambling if you will that is nothing short of fraud, and I am quite certain that running an insurance company without a license is still prosecutable in the United States of America?no matter whether it be called a Derivative or an Insurance Policy. This is simply semantics and would be no different if I went into a bank and robbed it at gunpoint and called it a ?self-reliant unauthorized loan??it is still bank robbery, and the way the Derivatives Industry is being run is still Insurance Fraud to anyone not using selective semantic-based intelligence and logic. I guarantee you, there are thousands of intelligent people that fully understand Derivatives?it is not rocket science.
5. The Toxic Assets cannot be properly valued because they cannot be understood and/or the assets are complicated is the second part of the Derivatives Fraud that is being shoved down American?s throats. This simply is not so. If the Derivative is based on an underlying asset such as a devalued home of a failed mortgage then the value of the Derivative should be proportionately and properly knocked down. The Wall Streets smart guys in cahoots with Tim Geithner and the US Treasury are attempting to allow enough time to pass before valuing the assets in hopes that you and I the American taxpayer will willingly take the bad asset off the books at higher price than it is worth as is the case of what we are in affect doing by purchasing mortgages through Fannie Mae and Freddie Mac, or perhaps they are waiting until all of Geithner?s plan are in place so they can do the same thing through different schemes. Either way, the assets can easily be valued according to each and every asset in play. I don?t give a damn if the Derivative is based on the value of 1000 homes?so be it?go find out what the value of each of those 1000 homes is?this also is not rocket science.
In closing let me state this. We, the American taxpayer are being defrauded out of our wealth by a very small group of Crooked Bastards that think they are smarter than us which I assure you they are not, and think they can get away with it?which I assure you they probably will unless you and I get out our Pick Axes, Ax-handles and Shovels and march on both Washington and Wall Street demanding Retribution!
http://www.thelastamericannewspaper.com/
