Stock Ideas 
Stock Ideas Investors Daily Edge Pull the Plug on this Beast
Stock Ideas Investors Daily Edge Pull the Plug on this Beast 
Market Watch
|
Fellow Investor, On Friday, September 21, 2007, Devine Entertainment (OTCBB: DVNNF)—a global distributor of award-winning, original film and television content—released detailed guidance for the first three quarters of 2007. |
|
| More... |
Most Popular
Login Form
| Pull the Plug on this Beast |
| Wednesday, 15 October 2008 | ||||||||
|
The US and the global economy remain in dire straits. This, in spite of ongoing Herculean efforts by the same authorities that caused the problems in the first place. Let’s get a leg up on an autopsy report. I received considerable feedback on my recent article "Crooks Love a Crisis" . There was uniform agreement that a power grab is in process amidst the financial carnage. You just have to look deep and not be so trusting (naïve) in order to see it. From responder Lary... Rusty, GREAT succinct explanation. I wish it would go in every major newspaper today! Thanks. Thank you, Lary. Wouldn’t that be nice? Unfortunately, as you well know, the mainstream media is an integral part of the problem. They are compromised to say the least. Will innumerable Thomas Paines show up to overcome this obstacle? There are a lot of them out and about these days. There is much power in truth. IDE reader, Lea commented... Couldn't agree more, and have said so repeatedly. My only question, and I have asked repeatedly - where was the oversight, where were the auditors, the bank examiners - those whose job it was to protect the interest of the public? This is our money they stole from us, not money created from their financial chicanery. Keep up the good work! Good question, Lea! The regulators joined the beast long ago. Very few people understand the depth of fraud and corruption emanating from the US/London/NY Axis of Weasels. Glass-Steagall regulations, limiting the scope of banking, were overturned in 1999 under the Clinton Administration. The US authorities refused to accept a recessionary downturn, post 9-11. It has been an era of greed, corruption, hubris and weird finance ever since.
Alan Greenspan was a strong proponent of giving free reign to investment banks like Bear Sterns, Lehman Brothers, JP Morgan and Goldman Sachs. The results were predictable. Henry Paulson was at the forefront of unfathomable derivatives creation while he headed Goldman Sachs. The Cheney-Bush Administration stripped the department that regulated Asset-Backed Securities from more than one hundred down to one person. There is plenty of blame to go around in this era of Crony Capitalism. All of these bubbles were intentionally blown. Government overstepped its boundaries and meddled with the markets. They haven’t been "free" for a couple of decades. Enormous leverage and greed were the mainstay. Those that cheered on the way up are not so cheerful now. A free and honest market wouldn’t treat you the way this one has. This is much more than simply real estate prices plummeting. These jackals and their weird finance put on leveraged side bets (derivatives) that total as high as a quadrillion dollars. Can you see why an $850 billion pork loaded bailout is an infantile attempt to solve the problem? It is the Robert Rubin/Alan Greenspan Over-the-Counter (OTC) derivative monster that is now spiraling out of control. Think Long Term Capital Management and Enron after a decade of Human Growth Hormone and steroids. There is and has been no regulation of this monstrosity. That was by design. This is what the "creature" does, whether it’s from Jekyll Island or Manhattan Island. IDE reader Dave proposed a reasonable solution... Right on Rusty, they need to go to jail- Bush, Clinton, Greenspan, Paulson and a host of democratic and republican leaders Hey Dave, that would be a decent starting point. Innumerable crimes have been committed. These guys and the higher chain of command are fairly entrenched. So far, the outrage has been brushed aside. Guess who isn’t responsive to the public at large? Another solution comes from reader Gerald... At last someone with intelligence. I think that a total cleaning of both the Congress and Senate is a must if we as a country intend to keep being a world power. The folks that have run our government and country into the ground over the last 100 years need to be replaced. I would suggest that we as voters vote out all incumbents. Especially those that have been in office 20 or more years. I would love to see a bill that limits terms of both the Congress, and the Senate to 8 years total like the President. But I know that I'm dreaming, and that will never happen. They will never vote themselves out, so it's up to us as voters to take action. Thanks for a Great column! The ballot box should be a most useful tool, Gerald. Unfortunately, Americans get sucked into the same trap over and over again. Hollow promises are made during campaigns and then it’s back to abusive business as usual. I have vowed to never again vote for a Republican or Democrat. This is not a legitimate two party system. It makes more sense to me to vote for the Libertarians, the Constitutional Party, some write in candidate (serious or otherwise) or simply stay home. Voting for the Demopublican shysters just encourages them. Somehow, some way, Americans have to find a way to pull the plug on this beast. This is a global problem as represented by the Fed (End the Fed-Rally 11-22-08 ), IMF, World Bank and other elitist powers. There is considerable pain dead ahead with or without them. Might as well clean house. Presently, these fascist entities are only more emboldened. Let’s watch how that turns out. Live Resourcefully, Rusty P.S. To let me know what you thought of today's article, send an e-mail to: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
This investment news is brought to you by Investor's Daily Edge. Investor's Daily Edge is a free daily investment newsletter that is delivered by email before the market opens. It's published by Fourth Avenue Financial, a subsidiary of Early To Rise (an affiliate company of Agora Publishing). In each weekday issue you'll receive practical strategies for protecting your portfolio and multiplying your money. You'll also learn about undiscovered opportunities in emerging sectors and markets, deeply discounted stocks, recommendations for bonds, cash, commodity and real estate investing, and top ETFs. To view archives or subscribe, visit Investor's Daily Edge .
|
||||||||
| < Prev | Next > |
|---|