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The Most Important Thing You Will Hear This Year

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Posted by:   bobo 11/2/2007 10:50 AM

Dr. Patrick Byrne has broken down the entire US financial system failure to deliver/manipulation and captured regulator problem into an easy to follow presentation that describes precisely why the entire mechanism is as rigged as a 43rd Street game of 3 card Monte. It's concise, linear, comprehensive, and completely logical and seamless.

You won't hear about this presentation anywhere, certainly not from the US financial press. The reason you won't hear about it is because most of the NY financial press assigned to covering this story are bought and paid for by the bad guys. Simple. The few dozen critical figures who could do a Woodward and Bernstein understand that there are some things you don't bring the C section editor if you want to keep your job, or get to win at the weekly poker game, or get the trips to Barbados comped. Or if you want to keep your kneecaps.

The link below is a presentation that was given at the recent PIPEs conference, and it should go down as the definitive piece on the topic. There isn't a lot more you need to know.

Do yourself a huge favor. Listen to it. And then distribute the link wherever you can, as it is the single most important piece of material that has been authored on the topic to date.

http://www.deepcapturethemovie.com/

The cat is out of the bag. Every investor in the markets should listen to this presentation. It is a must. The question asked early on, which is the single most damning question one could ask to show how corrupted the system is, should scare the hell out of everyone - why? Because it is an obvious question, that everyone from the DOJ to Congress to the press refuse to acknowledge or ask. And that tells one that the rot is pervasive at all levels. Scary. And true.

So listen to the presentation. Think about it. Disseminate it widely. Put it on Youtube. Link it on every message board, chat room, blog, or anything else you can think of. Digg this blog entry for wider dissemination.

And then figure out where you are going to invest, because it won't be in the US market system.

By the way, toward the end of the presentation, Byrne tells a story that corroborates something I discussed a while ago, which is where people are threatened with death for pursuing this story. It isn't a joke. This happens. Some of the crooked journalists try to pretend that it is all BS, however when 4-year olds are having their lives threatened, it doesn't seem so easy to dismiss. I suspect that if it was their 4-year olds, they would feel different, but then again, they aren't really paid to tell the truth, or even register it. They are vocational liars, as skilled at deception as a Hanoi streetwalker, if not quite as believable.

That's the rabbit hole. It's reality as it is, rather than as you are told it is.

And the fact that the question asked in the early part of the presentation is so obvious, and so large, and so un-asked by everyone, should be your wakeup call.

Who will watch the watchers. when the watchers are corrupt? Nobody, but one brave CEO who's a little more pugnacious than the liars are accustomed to encountering. How tragic for us as a civilization, and how telling about our integrity as a nation.

I'm frankly surprised someone hasn't done a hit and run, or there hasn't been an unfortunate KGB style heart failure drug stuck into his leg, by now. The machine has a problem, and because of this presentation, you can easily understand what it is. So why can't any of the folks paid to protect you from the machine understand?

Another good question.

Copyright ©2007 Bob O'Brien
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Comments (42)
Re: The Most Important Thing You Will Hear This Year By stryker-ny on 11/2/2007 8:41 PM
A F#$%^&N A...Bunny...tell it like it is.....fark..the #@^&%$ farkers...rods
Re: The Most Important Thing You Will Hear This Year By bbhindyou on 11/2/2007 8:41 PM
Bravo...
I can clearly see I am not the one who has the wrong 'take' on how the market works, or rather steals .
Any one who watches this and dosn't GET THE MESSAGE WE ARE BEING ROBBED has to be part of the criminal orginazation covering up the theft and profiting from it.
THANK YOU THANK YOU THANK YOU PATRIC
For showing us the man behind the curtian pretending to be the great and powerful OZ.
Re: The Most Important Thing You Will Hear This Year By bobo on 11/10/2007 5:11 PM
Did everyone notice the Rocker countersuit against OSTK? Basically accuses them of a pump and dump. Guess Rocker needs to have his calendar checked as well as his facts, as the period he is thinking this happened in Patrick wasn't selling anything. Oh, wait, he never has. Dammit. Uh, well, I guess after you exhaust free speech, the next thing to toss at the wall is that the victim is a whore. How completely unexpected.
Re: The Most Important Thing You Will Hear This Year By mhelburn on 11/10/2007 9:33 PM
Does anybody know who is behind this?

http://stopphantomshortselling.org/

"The Coalition against Phantom Trading (CAPT) is a coalition of member companies and affilated organzations created both to educate investors about the existence and extent of illegal naked short selling and to encourage the appropriate regulatory authorities to put a stop to these trades. CAPT receives funding from a variety of sources, including parties currently involved in related litigation."
Re: The Most Important Thing You Will Hear This Year By blackbart on 11/10/2007 9:34 PM
Bobo..These cretins continually demonstrate that without the assistance of the cops, media, prime brokers and politicians that they would be broke. Unfortunately when you grease everyone you get special perks that bail out your stupidity. Again and again. I fully expect them to try to implicate anyone that opposes them with nothing but words and no facts like they did before in another court case where they tried to intimidate the posters on Yahoo. They lost that one badly while makiing complete idiots out of themselves, again. Before this is over the bunny will be blamed for all. You know it is coming.
Re: The Most Important Thing You Will Hear This Year By bobo on 11/10/2007 9:36 PM
Bart: They got nuthin. Although I agree that I will likely be tarred and feathered by their quisling media choagies, which bothers me not one iota.

Mary, never heard of them. Although the enemy of my enemy is, well, at least a cautiously regarded ally.
Re: The Most Important Thing You Will Hear This Year By ted on 11/12/2007 9:16 PM
"You never know who's swimming naked until the tide goes out"

http://www.alternet.org/workplace/64684/

Alludes to 1929 and the Pecora hearings.
Re: The Most Important Thing You Will Hear This Year By A on 11/14/2007 8:25 PM
Bobo, so they put your alias all over the suit, but not a real name, which they purported to know for certain per Roddy Boyd and pals. So they really don't know who you are, do they. Or else they would have put you in the defendants list.

This countersuit is as comical as the one they filed against Harry3866 on the yahoo TTWO board. They lost that one too. You'd think guys making millions a year could get better legal advice.
Re: The Most Important Thing You Will Hear This Year By ted on 11/14/2007 8:26 PM
London stock exchange cracks down on naked short selling.

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article2866204.ece
Re: The Most Important Thing You Will Hear This Year By Sean on 11/14/2007 8:28 PM
FYI!

Asia Properties Reports to Regulators On Naked Shorting

HONG KONG and BELLINGHAM, Wash., Nov. 14, 2007 (PRIME NEWSWIRE) -- Asia Properties today reported that it has filed a complaint with FINRA, The Financial Industry Regulatory Authority on naked shorting activity in the Company's shares.

Asia Properties, CEO, Daniel Mckinney said, "I have today filed a complaint form to FINRA, naming the market makers who I believe have violated SEC's rules on short sales in our stock. NASD firms are not allowed to take both a long and short position in a stock in which they make a market. Further, I have been working with consultants tracking share movement through the Depository Trust Company (DTC) which have confirmed that there is a big short position in the shares at this point." API trades on the Pink Sheets and from time to time professional short traders take advantage of small companies that have upward movements in their share price with limited volume. They come in and indiscriminately sell shares short hoping to create panic selling in a company. I know that there are other OTC companies in the same situation as API, and the Board has decided not to let this activity continue to hurt both the company and our shareholders by reporting this illegal activity."

The Financial Industry Regulatory Authority (FINRA), is the largest non-governmental regulator for all securities firms doing business in the United States. Created in July 2007 through the consolidation of NASD and the member regulation, enforcement and arbitration functions of the New York Stock Exchange, FINRA is dedicated to investor protection and market integrity through effective and efficient regulation and complementary compliance and technology-based services.

About Asia Properties, Inc.: Asia Properties, Inc. was established to develop resorts and prime real estate in Southeast Asia. Asia Properties currently operates as the only listed U.S. public company focusing on S.E. Asian real estate investments. API is a Nevada corporation and trades on the Pink Sheets under the symbol "ASPZ." There are currently 39,115,112 fully diluted shares consisting of 16,672,740 free trading and 22,357,376 restricted. The transfer agent is Computershare, Inc. of Golden, Colorado.

Re: The Most Important Thing You Will Hear This Year By ted on 11/16/2007 10:38 PM
Central banks have been suspected of naked shorting gold to stop it from competing with fiat currencies.

Today they raided a manufacturer of platinum, gold and silver "liberty dollars" even though the federal reserve and treasury said they were legal (but not "legal tender").

http://www.courierpress.com/news/2007/nov/15/liberty-dollar-office-raided/

There is a belief that this raid is a direct result of this case, which has been blacked out of the media.

http://www.lvrj.com/news/9893062.html


Re: The Most Important Thing You Will Hear This Year By protect my assets please on 11/16/2007 10:39 PM
not sure if/why this happened. At least evansville courier& press attempted to report that such infomation was passed to them. now what happened. do we have a right to know what is going on. what government does and what's the consequences?
another day in amerika to say what in the wide world of sports is going on around here!!

Liberty Dollar office raided
Staff report
Originally published 01:42 p.m., November 15, 2007
Updated 01:42 p.m., November 15, 2007
The future of an Evansville-based company that produces a "private voluntary barter currency" known as the Liberty Dollar is in question after federal agents raided the facility this week, according to an e-mail sent by its founder.

Federal officials reportedly raided the group's headquarters, located in a strip mall at 225 N. Stockwell Road, early Wednesday morning and seized documents and precious metals.

FBI Agent Wendy Osborne, a spokeswoman for the FBI's Indianapolis office, directed all questions on the raid to the Western District of North Carolina U.S. Attorney's Office. A spokeswoman there said she had no information on the investigation.

Bernard von NotHaus, the group's monetary architect and the author of the e-mail, did not immediately respond to a message seeking comment.

Von NotHaus developed the Liberty Dollar in 1998 as an "inflation-proof" alternative currency to the U.S. Dollar, which he has claimed has devalued since the Federal Reserve was established in 1913. The silver medallions are produced by a private mint in Idaho on behalf of Evansville-based Liberty Services, which also issues paper notes which the group says are backed by silver reserves.

Liberty Dollar employees were at the office this morning cleaning up after the raid. They referred all questions to von NotHaus.

According to the e-mail, about a dozen agents arrived Wednesday morning and seized gold, silver, platinum and nearly two tons of recently delivered Ron Paul Dollars. They also took all the files, all the computers and froze the group's bank accounts, the e-mail said.

"We have no money. We have no products. We have no records to even know what was ordered or what you are owed," von NotHaus wrote in the e-mail, which was sent to Liberty Dollar customers. "We have nothing but the will to push forward and overcome this massive assault on our liberty and our right to have real money as defined by the US Constitution. We should not to be defrauded by the fake government money."

The e-mail said the gold and silver that backs up the paper and digital currency was confiscated, as were the dies used to mint the Liberty Dollars themselves. As a result, it warns that recent orders placed for Liberty Dollars may not be filled and it encourages supporters to band together for a class action lawsuit.

The e-mail repeatedly defends the Liberty Dollar as legal.

"You did nothing wrong," von NotHaus wrote. "You are legally entitled to your property. Let us use this terrible act to band together and further our goal to return America to a value based currency."

- Gavin Lesnick
Re: The Most Important Thing You Will Hear This Year By old duffer on 11/16/2007 10:40 PM
Four Congressmen, including Ron Paul, make a request of Cox and the SEC.

http://www.sec.gov/comments/s7-19-07/s71907-330.pdf

They will get stiffed to.
Re: The Most Important Thing You Will Hear This Year By Bruce on 11/16/2007 10:41 PM
Harvey Pitt 11/16/07 speech that is very interesting concerning NSS.

http://www.zshare.net/audio/4952197eb1df73/
Re: The Most Important Thing You Will Hear This Year By gregcable2002 on 11/18/2007 6:42 AM
If you have'nt figured it out by now the IRS and federal reserve will do whatever it takes to keep us under their thumb,the good ol USA has many empty miltary bases that have been converted into prisons that await anyone who would rise up against the system.Listen up,the government created these prisons for a reason,they know, We the People,are waking up thanks to those who have the courage to speak out against the traitors who ignore the constitution,and you or I may one day be sharing a cell with Ron Paul and the others who dare to speak out.
Re: The Most Important Thing You Will Hear This Year By davidn on 11/19/2007 8:02 AM
This liberty dollars raid is total bullshit. I'm going to buy a liberty dollar coin off Ebay so I can join the class action suit. I also wrote to my local paper and politician and have emailed my friends. It's a slippery slope when they say we can't invest in a commodity token to protect ourselves from currency devaluation.

I'd use a different word, but bullshit sufficiently sums up my anger and in fact understates it. I have self censored to not offend. Don't be offended by my words and not offended that the constitution in this country no longer exists.

It's time for another tea party. I have a Ron Paul sticker on my bumper and a sign on my lawn and I hate the republicans and the democrats and hate most of his beliefs, but love that he is the first politician to have beliefs.

He's the first politician to say that private crime syndicates shouldn't control the printing of our money, the election of our politicians and the operation of our stock market. Here's an idea, maybe regulators shouldn't come from the industry they regulate.

I keep bringing up the avalanche example, but it is frustrating how slow chage comes, but each act you do to work for change is like that snow flake falling on the mountain. At some point, it only takes one last snow flake to trigger an avalanche of change.

There is no reason why criminals at the SEC and Federal Reserve can't be arrested and tried for their crimes against ordinary investors other than it will take a critical mass of us to make it happen and a recognitition that today's politicians in both parties are "in on it". I see the democrats and republicans as republicrats, the same party playing "good cop", "bad cop" to keep real opposition out.

Liberty Dollars are selling $20 medallions with $14 worth of silver or gold in them. They make $6 in revenues minus their costs. The FBI and Secret Service, who report to the private owners of the federal reserve who are sending your kids to die in Iraq to stop the world from switching to the privately controlled Euro as a world currency (oil, gold, silver, Euros, compete with the US Fed. fiat currency) think this is unfair competition to their monopoly where they issue "federal reserve notes" (check the money in your wallet for that phrase) at a cost of TWO CENTS per bill whether the bill is a $1 bill or a $1000 bill.

That profit is dwarfed by the rise in gold and silver. People who hold liberty dollars have kept way more value than suckers holding federal reserve notes (check your wallet - that language literally means that the privately owned federal reserve has given you an IOU for one dollar worth of something which they refuse to define). If you go to Europe, you have lost many dozens of percent purchasing power. The holders of the illegal liberty dollars have amost all their purchasing power intact.

The population is waking up to the fact that we don't really live in a democracy as unelected slimebag "KINGS" print our money by "netting" obligations then they use their windfall to buy media, weapons companies and bribe / blackmail their own candidates. They control the voting machines and unaudited touch machine vote counts. They own the non internet media and the foundations that "donate" money to control the educational system and universities.

I borrow a million from bank A and deposit it in bank B. Someone else borrows a million from bank B and deposits it in bank A.

We owe $2 million, but bank A and B owe each other $1 million which nets to zero. They cancel out. $2 million has been created out of thin air and A and B owe each other nothing.

I buy a million dollars worth of shares from brokerage A and someone does the same at brokerage B. We have brought $2 million in demand for that stock, but the demand is lost from the supply demand pricing equilibrium and two brokerages fail to deliver to us, netting their obligations, then work actively against us to make our investment go down in value so the two brokerages can steal our $2 million.

They think we are too stupid to figure it out, but the internet has shifted power in our favor.

There are more many than few and the many have always had the power but are often slow to realize it. When the many wake up, they are going to be angry and I'd hate to be the slimebag that is defending the counterfeiting of securities or the slimebag that ordered the raid on liberty dollars.

A dollar from 1950 is worth twelve cents.

An ounce of gold in ancient Rome has the same buying power as an ounce of gold today.

What does it mean when you know you report to the private crime syndicates the control fiat share ownership and fiat currency? How brave would you be?

You'd give the toothless SEC regulators the finger:

http://www.thesanitycheck.com/Portals/0/cramersubpoena2.jpg

http://www.thesanitycheck.com/Portals/0/cramersubpoena1.jpg

Why aren't these co-conspirators (the lapdogs that try to bury the naked shorting story) being rounded up and arrested?

Re: The Most Important Thing You Will Hear This Year By davidn on 11/19/2007 8:03 AM
The difference in the wording on these two dollars is like the difference between owning a share certificate and an IOU marker on a fail to deliver.

http://www.webpennys.com/commentary/why_is_the_us_dollar_dropping_so_fast.html
Re: The Most Important Thing You Will Hear This Year By gregcable2002 on 11/19/2007 8:59 AM
http://www.youtube.com/watch?v=9KVTfcAyYGg
Re: The Most Important Thing You Will Hear This Year By rtway on 11/2/2007 8:42 PM
If we could only clone you and Patrick, maybe we could speed up the process. Great job. Sure is a jaw dropper.
Re: The Most Important Thing You Will Hear This Year By rick on 11/2/2007 8:44 PM
Awesome.

Patrick is draining the lake, and we're finding some truly ugly things. At what point does someone else step up to the plate and file criminal charges? Is there no one else in this country of 300 million with the purview and the balls to do the right thing and enforce the Rule of Law?
Re: The Most Important Thing You Will Hear This Year By theTurtle on 11/3/2007 7:51 AM
What I Find Odd.

I find it telling that no financial journalist has stepped up to condem the threatening of a 4 year old (or anyone for that matter). For the sake of argument, let's assume the NY journalist aren't bent, but instead are honest people who disagree with Patrick and the Overstock business model.

At some point wouldn't you expect an honest reaction to be: "I don't know if what Patrick is saying is true, but if someone's life was threatened, if someones kids where threatened, then that is unaceptable and criminal and it should be investigated immediately."

But, we seem to get no concern whatsoever by the financial media. No concern. No concern.
Re: The Most Important Thing You Will Hear This Year By particleswaves on 11/3/2007 7:52 AM
Re the Good Doctor Byrne, a true hero of our times: Your life feels different on you once you have greeted death and discovered your heart's position.
Re: The Most Important Thing You Will Hear This Year By particleswaves on 11/3/2007 7:53 AM
Slim Virgin = Linda Mack: Anyone able to deciper?
Re: The Most Important Thing You Will Hear This Year By mhelburn on 11/3/2007 9:26 AM
According to clues accumulated by ordinary citizens around the world, it could be that the CIA and other intelligence agencies are riding the information wave and planting disinformation on Wikipedia. If so, tens of thousands of innocent and unwitting citizens around the world are translating and propagating their lies, providing these agencies with a universal news network. Slim Virgin=wiki editor
Re: The Most Important Thing You Will Hear This Year By rtway on 11/3/2007 6:54 PM
Maybe I am being to much of an optimist here, however it is an idea or a start. Ibelieve there are many gov't. officials that read this blog site as well as journalist, scum bags, and good citizens who make up this country. I'll go out on a limb and say the number is in the thousands a week.If any of you people good or bad have felt that the line in the sand has been crossed by some gutless wonder threating the life of a 4 yr. old child then I believe you have the obligation to contact your nearest FBI office and give what ever info you have anomonously and start the ball rolling to have these people removed from our streets before we become a country of no shame. No money in the world is worth the life of a 4 yr. old.
Re: The Most Important Thing You Will Hear This Year By FC on 11/3/2007 10:41 PM
...........and unfortunately this probably won't get the attention it so deserves...It's a concise, well thought-out presentation of EXACTLY wtf is going on....


imho, blood will need to be spilled before anyone really wakes up.

the nation is being fleeced, lied to, wire-tapped, and basically sodomized. I am tired of writing my CONgress, and SINate and getting canned responses.

Bobo, Byrne, Robinhoodlives, et al my hat is, as always, off to all of you...although I feel my freedom slipping away. We are a nation of sheep watching the Patriot Act, the Military Commissions Act, HSPD-51, and NSPD-20 erode or freedoms one by one...watch our republic turn into a theocratic, fascist dictatorship faster than my C.W.P. and .45 baby eagle can get to my front door step...oh yeah....and don't forget the flailing fiat dollar coupled with a barrel of $96 dollar oil. Amero anyone?
Re: The Most Important Thing You Will Hear This Year By bobo on 11/3/2007 10:49 PM
It's basically over now. The dollar is in decline, and all bets are off as our international aggression takes on truly alarming overtones. Nobody believes there is adequate innovation to get us out of this tailspin. We have screwed ourselves, or rather, we have allowed the worst common denominator to run everything that is worth running. We have an effective tax rate that is a farce, we have a government that has rejected the constitution using the exact same logic as the nazis did (we need to eliminate your freedom in order to protect you from terrorists - then it was the communists, instead of the radical islamists, but you get the picture), and we have international gangs of predators raping the country with the complete and willing assistance of Wall Street, who we are now seeing revealed as bankrupt - having tossed fiscal responsibility aside in favor of big bonuses and easy money.

God help us all. We are Japan now. We are Britain 30 years ago. We are a former sun, now fading into a dim ember floating in an ever more chilling universe.

Good bye yellowbrick road.
Re: The Most Important Thing You Will Hear This Year By mhelburn on 11/4/2007 9:45 PM
I found this comment posted on YouTube ... I think that if this person is an analyst or someone in financial reporting.... this speaks to the quality.... Although he could see that the NAACP issue was just smoke, he is off-base on this...

Utoot2 (1 day ago) Show Hide Marked as spam -3 (Reply) (Spam)
hey idiot i actually report on his company on a daily basis. his projections had it as a $4 billion business by this time. i'd have to say he was way off. you must know nothing about analysis if you think this is a good company. not to mentions he is in court for manipulating the price of his stock. overstock has lost massive amounts of
money for years moron...
Re: The Most Important Thing You Will Hear This Year By clearthinker on 11/4/2007 9:45 PM
The CEO of MER loses 8 Billion dollars
The CEO of Citicorp matches the incompetence
The SEC gives John Mack a hall pass
The SEC fires Gary Aguirre
Reg SHO grandfather clause- where's the EX CLEARING TRANSPARENCY....so a few stocks like OSTK and NFLX go up...while hundreds of others are mired in fails
I have sent this story out toalmost every major paper...no one cares....just give the a Rolex and a steak and they are happy as pigs in shit.
We are living in the Matrix...the world I hoped to raise my children in is gone. Anyone who tells you they care and isn't passinately upset by this fraud is a liar.
Anyone who tells you they care about the future of our world and isn't doing something to try to fix this, is captured by th steak and the Rolex.

to say we are beyond repair is hte understatement of the millenium. Now go buy an X Box for Johnny and lease your new Range Rover....all is well....

CT
Re: The Most Important Thing You Will Hear This Year By bbhindyou on 11/5/2007 2:55 PM
My dear friends pklease be aware.
HR 1955 the violent radicalization and homegrown terrorism prevention act is now law.
Please investigate for youselfs how far this goes and what is now a crime against america.
Be VERY VERY careful.
What you think is now enough to justify your 'detainment'.
Dictatorship here now.
Darkness and silence are the tools of the abuser now they are the law of the land.
Lets try to stay out of the 'detainment camps' I'm sure the improvements in detainment made since WW 2 have made them much more efficent.
Re: The Most Important Thing You Will Hear This Year By ginger on 11/5/2007 11:17 AM

http://www.finalternatives.com/node/2823
Re: The Most Important Thing You Will Hear This Year By kevin on 11/6/2007 10:19 AM
Read the quote where the banks don't want to lend to each other because they want to "hoard liquidity".

http://news.independent.co.uk/business/news/article3132507.ece

I thought the whole idea was the SEC wanted the markets soaking wet with liquidity at any cost.

Bend over, because they plan to transfer their losses onto the backs of investors and taxpayers. Their profits on taking insanely risky gambles in prior years are long gone.
Re: The Most Important Thing You Will Hear This Year By Sean on 11/8/2007 5:13 PM
A little off topic, not much though..

Can anyone "splain" to me how today OSTK shares are down 2.00 a share with less than 150k shares traded but does not go up as much when 1.2 mill share are bought?? I think they are trying to show Patrick that this is their party and he's not invited. I guess Patrick crashed then. LOL!! These guys are'nt scared of ANY regulatory agencies!!
Re: The Most Important Thing You Will Hear This Year By bobo on 11/8/2007 5:17 PM
Sean: Why would they fear a regulator they effectively control? Look, the prime brokers, the hedge funds short OSTK, the offshore exchanges, all print shares of OSTK like the Fed prints money - in unabashedly large quantities, without fear of consequence. Why not? It's not like after years of demonstrating that OSTK is badly damaged by massive share counterfeiting, that anyone but O'Quinn is doing squat about it. Why would they stop now? Please.

Anyone in the market now is a moron, frankly. The dollar is tanking, the game is rigged, and the cops are carrying the bags of money to the getaway car for the crooks. Why would anyone choose to do this to themselves at this point?
Re: The Most Important Thing You Will Hear This Year By Sean on 11/9/2007 5:54 PM
OK Bobo I understand, but what are investors to do, They are down so much that if they leave now half or more of their money has disappeared. And what of the public companies what are they to do?They are stuck between a rock and a hard place and have to pay to be in this precarious position or be delisted .Suggestions please? Anyone?
Re: The Most Important Thing You Will Hear This Year By Sea on 11/9/2007 5:55 PM
By the way I forgot to mention that our good friend Jim Cramer stuck it to us again by announcing the 17bill number pertaing to Goldman Saks, not as in losses in the subprime like the other Banks are announcing , but as the annual bonuses being given out this year. How brazen is this SOB??
Re: The Most Important Thing You Will Hear This Year By AZkole on 11/9/2007 5:56 PM
Bobo,

There you go with the negativity again! Do we win this war despite the losses in many of the wars? When do the bad guys other than Milberg and company get cuffed and stuffed?
Re: The Most Important Thing You Will Hear This Year By Anthony on 11/11/2007 6:04 PM
the SEC is dirty and Jane Moscowitz is in on it she knows all about naked short selling and is there to hide the mess created by the SEC and NSS..

look at this email from rod young ceo of eagletec blasting Jane


From: Rodney E. Young [mailto:ryoung@...]
Sent: Friday, October 05, 2007 2:26 PM
To: Bl>Subject: FW: FW: USXP Receivership



Ryan,



Interesting that you mention Eagletech to Jane Moskowitz. She has
defended Harry Leopold for the last five years in Eagletech v Bryn
Mawr. Among the documents produced by the SEC are bank records of
payments to Leopold from Mafia controlled Lloyds Bahamas Securities.



Ms. Moskowitz knows very well what is going on at USXP. With her
experience in defending Mafia connected racketeers some of those
racketeers already convicted of securities fraud I believe she has a
conflict that prevents her from serving as Universal Express's
receiver. It is quite clear to me from her conduct that it's her
job to bury the evidence of manipulation at Universal Express.



To become a receiver she would have had to file an affidavit stating
that she has no conflict. She would have had to commit perjury in
order to convince the judge she was qualified to be the receiver in
this case. I suggest you research the case file for the affidavit.
I'll supply the information of the conflict. Here's an example from
convicted racketeer John Serubo about Harry Leopold: "He did on a
different scale what I did" (Deposition of John Serubo Page 341 Line
5) "There's a lot of ways you can manipulate a stock. We did a
pretty good job of hitting them all" (Deposition of John Serubo Page
115 Lines 14-15)



Sincerely,



Rodney E. (Rod) Young

Re: The Most Important Thing You Will Hear This Year By bobo on 11/9/2007 6:06 PM
Sean: There is a logical issue here. Namely, failing to understand sunk costs. What has been lost is a sunk cost. It has no bearing on the wisdom or foolishness of tomorrow's actions. Nothing about a sunk cost should be considered if one is to make intelligent future choices. Just because you lost half or more of your money, doesn't make it a good idea to keep playing the rigged game that stole it from you. I might even opine that the definition of crazy is when you do the same thing again and again, yet expect a different result. Put it this way - why would you expect not to lose the rest of your money if you have had the first chunk stolen? Unless they fix the system, the same circumstances and players that took whatever you lost will continue to take the rest.

Azkole, I'm not being negative or positive, any more than Byrne is. I am simply stating facts. Criminal syndicates run the markets for their own gain. In the old days, it was the Joe Kennedys of the world. Now it is the hedge funds, and indeed, the brokers who counterfeit stock with impunity, and who own the media, and the regulators.

So answer me this if you think I am being negative: Why has not a single regulator, lawmaker, or media source asked how it was that Milberg knew what stocks were going to go down?

That would be proof positive of massive fraud on investors, and other participants. And yet nobody seems to want to ask the question, nor know the answer.

That should scare the living bejesus out of you. Because it tells you that the rot is so pervasive as to be the actual fabric of the system, and that you are the food, and that the predators need not fear anything nor anyone. They are the eating machine. You are lunch. But only if you volunteer by giving them your money.

Any questions?
Re: The Most Important Thing You Will Hear This Year By Azkole on 11/10/2007 7:16 AM
Bobo,

I understand we haven't heard of regulators pursuing that angle, yet. We didn't see the activity on MW either until it happened. If there is an investigation, we won't hear about it until arrests are made right? MW, Lerach etc went down recently. We can't expect everything to happen at once. We know what happened. They have to prove it. So is it your contention that nothing is going to happen beyond MW? Don't you think O'Quinn is all over that angle?
Re: The Most Important Thing You Will Hear This Year By bobo on 11/10/2007 8:26 AM
Azkole: This isn't rocket science. You can look at the Gradient worksheet and the list of hedge funds who were short MW targets, and figure it out in about 10 seconds. Not much investigation required, really.

I'm afraid that O'Quinn really is the only shot at getting any satisfaction in this. All evidence points to a system that is covering up wrongdoing by bad guys. Why it is covering it up is unknown. I have my hunches. If the government was running money, or powerful figures in the government were running money, through certain miscreant hedge funds, one would expect a blackout on the asking of certain questions that would create another Iran Contra. Alternatively, if it is sheer unbridled power and money driving this, one would expect at least somebody to ask that very obvious question in print, or in congress. And yet, nothing. Not a frigging word.

We have become a nation where covering up the worst of our blunders and misbehavior is more important than acknowledging them, so they will never happen again.

That won't end well.
Re: The Most Important Thing You Will Hear This Year By Azkole on 11/10/2007 12:43 PM
That's why we have the 3 branches of government. Checks and balances. Executive and legislative aren't getting the job done (that we know of) so O'Quinn will use the judicial system. I don't have complete faith in that branch either but with people like PB and O'Quinn taking the reins, as you say, I like our chances. I don't think PB would have made his evidence public unless it had already been ciruclated to the appropriate authorities.

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