donk
15th August 2013, 16:31
This is the kind of stuff I was obsessed with a decade ago (when a billion was a big number, and a trillion was unthinkable), I could have told you everything about these seemingly complex issues inside and out…til I got sick and tired of feeling sick and tired of how “they” just kept changing the rules, exacerbating the problems, and creating a sh!tstorm that is unfixable.
Words like “Failure to Deliver” and “leverage” should have been all that was talked about, instead, it was relegated to the “conspiracy” sites, like zero hedge was once considered. “Naked short selling” and counterfeiting stock were scary ideas no one believed was happening, even though you could look yourself, see it right there on Yahoo! Finance…completely undeniable, yet the financial system just kept chugging away, with the politicians doing the job they do best: legalizing heinous (harmful to citizens) practices that were poorly regulated in the first place.
So I offer you my two favorite sources of information on the current situation, blasts from the past that were way too ignored when they were created—so relevant now that the information they were presenting back then is now finally being made to appear to be “news” (even though it’s OLD) by the mainstream:
0zMakN-EMLg
This is a great introduction to securitization, and how just a few bad apples can collapse a society…”lucky” for us, the evidence of the crimes was dustified in WTC7, so we could sweep that whole nasty thing under the rug (if I remember correctly, the loose ends not covered in the 911 thing were pretty much settled with AIG, if not Bear Stearns…but I digress...)
Watch the whole thing is here:
http://topdocumentaryfilms.com/enron-the-smartest-guys-in-the-room/
And if you want to go a little deeper into the fraud and corruption and aforementioned “heinous practices”, while being entertained by stuff too outrageous for soap opera’s, you can do no better (IMO) than Patrick Byrne’s (CEO of overstock.com) account of and research toward the rampant corruption within and total “capture” of the finance industry by who he terms “Sith Lords”…start here:
http://www.deepcapture.com/introduction-to-the-deep-capture-analysis/
I have long since put most of this information out of mind, as it wasn’t so good for my constitution. I offer them as relatively easy to understand introductions to some of the most important sources of the mess that we are in…if you still believe and are interested in the financial system.
I have found it to be a faith-based game that the rules-makers over-extended themselves on long ago, and have moved into a lunacy, that I thought for sure would break the minds of the players within it. Alas, not so, too many are more emotionally invested in it than they are literally invested, and will just continue to pretend that the issues brought up in these two sources of information (not to mention the fundamental “fact” that the Fed interest rate has been artificially held to some shadowy number between zero and .25% or whateverthe**** they call it these days) don’t matter…
…well it seems that they don’t (matter). It’s been great ignoring the kicking the can down the road the last couple years, now it seems the chickens are coming home to roost…or at least the roosters are getting too loud to ignore (to mix another metaphor). Be warned: this material is hazardous to your health. It was deeply depressing to learn that the zero-sum game they taught us in my fancy “good biz school” university is a lie, a fantasy.
The only way to fix the “broken” system would have been to hold accountable the individuals creating it, such as the lesser known (and I forget his name) character in Enron thing, the stripper-lover that owns most of CO. Instead, we let people like him hide behind the entities we allow them to create, corporations and government agencies, the etheric demons that could be the death of us all.
I’m rambling now, I hope someone gets something outa my lament. God bless us, everyone….
Words like “Failure to Deliver” and “leverage” should have been all that was talked about, instead, it was relegated to the “conspiracy” sites, like zero hedge was once considered. “Naked short selling” and counterfeiting stock were scary ideas no one believed was happening, even though you could look yourself, see it right there on Yahoo! Finance…completely undeniable, yet the financial system just kept chugging away, with the politicians doing the job they do best: legalizing heinous (harmful to citizens) practices that were poorly regulated in the first place.
So I offer you my two favorite sources of information on the current situation, blasts from the past that were way too ignored when they were created—so relevant now that the information they were presenting back then is now finally being made to appear to be “news” (even though it’s OLD) by the mainstream:
0zMakN-EMLg
This is a great introduction to securitization, and how just a few bad apples can collapse a society…”lucky” for us, the evidence of the crimes was dustified in WTC7, so we could sweep that whole nasty thing under the rug (if I remember correctly, the loose ends not covered in the 911 thing were pretty much settled with AIG, if not Bear Stearns…but I digress...)
Watch the whole thing is here:
http://topdocumentaryfilms.com/enron-the-smartest-guys-in-the-room/
And if you want to go a little deeper into the fraud and corruption and aforementioned “heinous practices”, while being entertained by stuff too outrageous for soap opera’s, you can do no better (IMO) than Patrick Byrne’s (CEO of overstock.com) account of and research toward the rampant corruption within and total “capture” of the finance industry by who he terms “Sith Lords”…start here:
http://www.deepcapture.com/introduction-to-the-deep-capture-analysis/
I have long since put most of this information out of mind, as it wasn’t so good for my constitution. I offer them as relatively easy to understand introductions to some of the most important sources of the mess that we are in…if you still believe and are interested in the financial system.
I have found it to be a faith-based game that the rules-makers over-extended themselves on long ago, and have moved into a lunacy, that I thought for sure would break the minds of the players within it. Alas, not so, too many are more emotionally invested in it than they are literally invested, and will just continue to pretend that the issues brought up in these two sources of information (not to mention the fundamental “fact” that the Fed interest rate has been artificially held to some shadowy number between zero and .25% or whateverthe**** they call it these days) don’t matter…
…well it seems that they don’t (matter). It’s been great ignoring the kicking the can down the road the last couple years, now it seems the chickens are coming home to roost…or at least the roosters are getting too loud to ignore (to mix another metaphor). Be warned: this material is hazardous to your health. It was deeply depressing to learn that the zero-sum game they taught us in my fancy “good biz school” university is a lie, a fantasy.
The only way to fix the “broken” system would have been to hold accountable the individuals creating it, such as the lesser known (and I forget his name) character in Enron thing, the stripper-lover that owns most of CO. Instead, we let people like him hide behind the entities we allow them to create, corporations and government agencies, the etheric demons that could be the death of us all.
I’m rambling now, I hope someone gets something outa my lament. God bless us, everyone….