Thank you DieDaily,

I suspect, the hard answer, as you suggest, may well point to an evolutionary culprit. Well, evolution always gets a pass, as if it is some process that in no way has been influenced,  since the question as to how much time it takes always seems to nullify any current pertinence/impact it may have. I am not so sure that evolution is not at work all the time, and has been worked very hard, in an instinctive manner by those in charge or in power throughout history. .

What I mean is, well, does it not seem that the bottom line today, are forms of social and economic eugenics or even genocide? It kind of looks like that is the case when you boil it all down? Maybe it is, that because evolution has always been at work, that is, somewhat naturally & deliberately worked by mankind, well, this unthinkable possibility, that evolution can be influenced by war and deprivation in the now, well, that grotesque but plausible possibility, has created the need for and reliance on, concepts like “spiritual evil”, etc…

Some day, many will wake up to the fact, that what has gone wrong, is a kind of unnatural selection, and people have become, eventually become, well, hardwired for certain propensities that cause them to gravitate to specific economic systems, justice systems, and even towards a specific notion such as “those who become secure deserve to be so.” 

Survival of the fittest, means a bit more than how most people romantically think about it, how they seem to easily detach this primitive survival paradigm, and/or “un-relate” it, from the process of evolution.

It may be that the “good” is simply being culled out of the world,, it’s far more important to look at the poor and disenfranchised as a gene pool that may be diminishing(through deliberate action via social & economic systemics), than look at them as losers, undeserving, or even sad or unfortunate. I hope the jump in thinking comes soon enough, since the gene pool for the good and thoughtful might be at risk here.

Sometimes I think, that radical social and economic upheaval, “for the better”, is about slowing down a trend towards this culling of the good and thoughtful gene pool. Social & economic systems should not be analyzed in regard to how many people are shut out or left out, but analyzed according to the gene pools they may be exterminating. Dire stuff I believe.

But I do not think it is as if this minority actually instigates the conditions for their own survival, but rather that those who were contributing to a minority’s potential extinction, well, that majority ruins it for themselves and then some. The survival of the good and thoughtful just goes safely unnoticed in all the chaos and confusion. But I not sure how many more times that clock will reset itself, since the good and thoughtful gene pools might be reducing down for each cycle like this. 

Thanks again,

Rhuen Phreed, 11 Marlbrough Street, #22, Boston, Ma, 02116

phreedom, thanks for your response. Yes, I couldn’t agree more that I have merely described some updated mechanisms for playing the same old game you talked about, and yes their culture and demeanor are eternal. I think it is our great privilege to have you as a commenter here. I think we need to hear more about healing. We need insiders to understand that healing is possible. We need them to understand that the public is becoming educated and unified enough to embrace and support them when they get out and come out. I feel that there are at least tens of thousands of potential whistle-blowers who are waiting on us to be ready for them. I look back at the men of incredible courage who spoke out, lost their careers, homes and marriages, were persecuted, defamed, and sometimes even imprisoned or killed, and for what? We munched popcorn, watched “reality TV”, and voted in the same alternating packs of crooks. If I were a whistle-blower, I too would at least want to know that there was SOME chance that the public would give a——.

I think we’re getting close to that now. Sibel Edmonds is basically a household name now, for instance. I hope we can benefit from more comments from insiders (or ex-insiders) like yourself when these sorts of articles come to TruthDig. You are so right that while the minutiae of the rules of the game have changed, the sums have ever enlarged and are now profligate, the players are spiritually unchanged and their goals derive from some sort of eternal evil. Whether that eternal evil is a spiritual/religious or evolutionary/material evil concerns me not a one bit.

GOLDMAN SACHS DUPED INVESTORS, INVESTIGATION FINDS

While researching the origin of KIS & KISS, for this
thread,
I came across the following:

” Words are, of course, the most powerful drug used
by mankind.”
- Rudyard Kipling  

“Anyway, no drug, not even alcohol, causes the
fundamental ills of society.
If we’re looking for the source of our troubles, we
shouldn’t test people for drugs,
we should test them for stupidity, ignorance, greed
and love of power.”
- P J O’Rourke

In the spirit of KEEPING IT SIMPLE:

Goldman Sachs is part of a criminal cabal whose goal
is world domination.

The Bush Crime Family is part of that cabal.

Bush3 is moving rapidly toward the NEW WORLD ORDER:
ONE WORLD
GOVERNMENT.

We the people have been enslaved by debt, drugs,including illegal,prescription,& OTC, foods containing addictive chemicals, TV brainwashing (numbing & dumbing).

Hello Rae,

Nice, yes, it is very obvious that there is little or no wiggle room in our system to have any outcome other than we have all experienced.

It’s truly to the point of trying to disprove English with English,, just no tools available to get at reality, a break through, far too many rewards to stay asleep & insecure. But that does mean we have a culture operating with a fundamentally closed and blind philosophy. I am troubled to think that enlightenment is a by-product, a refuse.

We both know that cannot possibly be the case, that the cart is before the horse, in terms of our glorious system coming before enlightenment, or that a system like ours is a necessary prelude to it. That this second hand, waste product, form of enlightenment is forced on the disenfranchised, and they should be frowned on by accepting it.

Sounds nuts, is nuts, but what is the answer?  And what kind of culture makes it dangerous to wake up or to pursue enlightened ideals, pretty spooky stuff.

But you know Rae, people like you and I have a reason to be alive, and that makes, the almost overwhelming volume of bad news as to how things are run here,, well bearable. 

In some ways, the drama of schemes like “Wall Street”, and “investing”, is a means to preoccupy and entertain, we, the maddening and dangerous crowds. Sometimes I think it is less a matter of having the money or wealth to build a national infrastructure, to aid and abet the common citizen, and more of question of being able to have the sustained attention, of the common citizen, focused on the notion.

Act 1; Wall Street Collapse.

Act 2; Wall Street Bailout

Act 3; Will Recovery Ever Represent Me

Act 4; No Money For Infrastructure Repair & Upgrade

Act 5; US Invades Iran(or bombs them but good)

Act 6; Wall Street Collapses Again

Etc…

Also, the whole problem, of the belief, taught to us from birth, by the manner in which our culture is structured, that there is in fact an objective identity we are born with, and that objectivity is completely possible for a subjective being. That there is an innate priori, a hard wiring in the human brain which issues forth the ability to be objective and act in the best interest of another.

Rhuen Phreed, 11 Marlborough Street, #22, Boston, 02116

Hello DieDaily,

Yes, I am quite the fossil, but I do purposefully try to stay a generalist, in regards to matters of investment gaming. Probably due to 20 years of Buddhist study, which causes me to believe that the more detailed credence one gives a misguided scheme, the more,, use, encouragement and/or validation occurs on its’ behalf.

Yes, I understand your points and agree to all, thanks for bringing me up to speed, you are right on, but I think all new reinventions, of the basic ripping off, only points back to the big boys, for whom all is done for their benefit. There is the sophistication they hold, and then there is the ever evolving complexity of their schemes, a complexity which I think we plebeians mistakenly admire and mislabel as sophistication, a second hand form of sophistication based on a delusion we can successfully navigate the complex schemes of the big boys. 

Since I am not a religious person, let me slightly change an old phrase, “the ignorance is in the details(complexity, scope & duration)”

I suppose a pre-1997 perspective, allows me to say, that the problem still involves the big boys efforts to deal with their intent to make money without risk or competition at the little guy’s expense. But I think two things are happening now or since 1997, 1. still, what I mentioned as the age old attempt to make an appearance of no conflict of interest between the big boys,  but also 2. because of technological advances, the necessity of the big boys to invest in the material aspects of the cultures or world that houses them, well, that type of investment is just no longer necessary, and investing in investing now meets all the big boy’s needs.

Its kind of a system that manages problems that threaten the success of big boy’s, instead of a system which deals with managing the answers to the success of the general society or world.

Die Daily you are very attuned & informed as post-1997 Wall Streets methodology, and I am glad there are people like you around able to explain and articulate it. In my case, well, I learn things the very, very hard way, and normally too late. Odd thing though, that did not stop me from getting to the head of that class, weird, but kind of makes sense.  I kind of wonder what it would have it been like if I had been fully awake to my circumstances at the time. 

I have found it quite amazing that no one stock broker or financial type, who just lived and worked through this last disaster on Wall Street,, and might have been grossly affected by it, well, not a one has spoke out or given any insight or insider info on what occurred.  So expect, though a little late then never, in about 10 years or so, some good info coming out. I wonder if they profile for that business as to find those who can “effectively” sleep walk, maybe they are good at finding those with personalities with great ambition, but without an inkling of aspiration?

My friend, be glad that you were never an insider in that culture. A stain forms on one’s personal core, that takes decades to wash out.

Rhuen Phreed, 11 Marlborough Street, #22, Boston, MA 02116

To RAE, January 1 at 11:45 am

Hey RAE:
You’ve got the big picture.

And when you said:
“... those “in authority” are the very same criminals
who devise the laws under which they (and they alone)
are allowed to steal and lie and cheat with
impunity.”

If you don’t mind, I’d like to add the word ARROGANCE
since they flaunt the fact that there is no
accountability.

What I do not understand, perhaps because my genetic code was steeped in naivete and a sense of right and wrong, is how those set in authority over us and whose sworn duty is to protect our interests from fraud and other swindles, are able to crawl into bed with the thieves, hand over whatever the well-suited swindlers didn’t manage to steal in the first place, AND GET CLEAN AWAY WITH THE FELONY!

I guess it answers my own question when it dawns on me that those “in authority” are the very same criminals who devise the laws under which they (and they alone) are allowed to steal and lie and cheat with impunity.

I also guess that’s why the grass roots members of societies all down through recorded history eventually get fed up with being pawns and dupes and turn on their oppressors, MURDER THEM ALL, and then, of course, start the process all over again.

By the time ordinary guys & gals realize how profoundly they’ve been conned, right from birth, by those they’ve been taught to trust the most - parents, schools, religions, lawmakers, judiciary - they’re too old and worn out to do anything about it. They spend their whole lives in an fruitless and futile struggle to just get ahead never realizing the game, just as with the slots in Las Vegas, is rigged AGAINST them right from the git-go.

Oh, a few luck out and hit it big - but that’s part of the game - intermittent reinforcement, it’s called by psychologists. When a few make it big - all the rest of players think they have a chance too. That’s called “chasing” by gambling counsellors. I call it being lied to, stolen from, and DUPED.

As the song by Neil Diamond put it -

“Some people got to laugh
Some people got to cry
Some people got to make it through
By never wondering why”

But the Wall Street games pale in comparison to the profound and fundamental dishonesty upon which our society functions today. As I see it, our foundation has pretty much turned to quicksand - get ready for the great and permanent Fall of the American Empire.

Next to controlling the product & all sides of the market is probably inside information & being one of the masters of the universe.

“Shares of Warren Buffett’s Berkshire Hathaway far
outperformed the benchmark S&P 500 stock index over
the decade of the 2000s, with a gain of 76.8 percent.

The S&P dropped 24.1 percent, excluding dividends,
over the same ten-year period ending today
(Thursday.)”
FROM CNBC

Mr. Rhuen Phreed, I thank you for your insider view of financial manipulations and how deregulation has changed the game somewhat. I recommend everyone spent the time reading both parts of his comment. There is much gold there. But I have some questions.

1. Is it possible that the combined effects of all the things you speak of are not actually quite minor compared to the “leveraging of derivatives” (the “bundling of exotic financial instruments” would go the euphemism)? Would the, say, 40 Trillion in toxic leverages not swamp the effects of which you speak, which really pertained more to the 80’s and early/mid 90’s?

2. Is not the role of real-time, black-box-driven, completely automated spot trading also one that alone in the new game generates far more profit, than that of the combined best efforts of the 80’s and early 90’s methodologies you describe so well and so accurately?

3. Is it valid to think, as I do, that leveraging these toxic, derivative-based assets is a new sort of fractional reserve lending? For instance, if I can make a bad $100K loan to a person who has no chance of repaying it, but offer a “no payment due until next year” scheme, can I not take that $100K and leverage it into at least $1000K ($1M) worth of paper before the underlying debt itself implodes? (And can I not make sure that the original underlying debt certificate is in the hands of some dupe before that time, while retaining some or all of the instrument which I can set to any value using “mark to model”)?

4. Doesn’t the “mark to model” change (from the previous, sensible “mark to market” regulation system) result in bad numbers that again dwarf in magnitude all of the combined effects you speak of in your comment? Is this not a much larger and more important effect, just as are derivatives above?

5. Hasn’t the repealing of the Glass/Steagall Act which used to act as a firewall between the banking, mortgage, and insurance industries, allowed conglomerations to act more criminally by intermingling these previously distinct roles (which used to be competitive against one another!) and in essence played seller, broker and buyer all at once? Has not this effect alone also amounted to larger problems than all of the combined effects you mention in your comment, which again I would submit derive from the 80’s and early 90’s mostly.

In short, everything you wrote seems spot on, up to about 1997. Since that time, though, I don’t think the game works that way anymore, except for the small-timers. Or, better put, yes it still does work that way, but those older schemes net pennies compared to:
1. Leveraging bad debt instruments into trillions in toxic paper (and using zombie banks to do the leveraging whereas before brokers had a significant role in primary scamming mechanisms)?
2. Computers running millisecond automated trading black boxes on data obtained seconds before the general marketplace gets it (such as Sachs freely admits to now)?
3. Toxic paper as “the new fractional lending scheme”?
4. Simply “marking to model” instead of marking “to market”, netting hundreds of billion in perceived and leverageable wealth at the stroke of a pen (or key)?
5. Controlling both buying, brokering, and creating instruments since Glass/Steagall was repealed.

I would grant you that you describe some of the above in your comment. Also the one mechanism that is left untouched, except in scale, is the creation and bursting of bubbles. Yes, it is amplified by at least an order of magnitude and probably two or more orders, due to the advent of leveraging toxic debt-based assets, but it is one of the few timeless constants, as is the inevitability of currency devaluation inherent in all fractional-lending schemes/=scams.

I’m not an insider. How much of what I have said strikes you as correct?

Part 1 of 2

Thank you,

When I was a young lad, and was especially ignorant of what it meant to make an honest living, having been brought up by wolves and all that, well, there I was a First Vice President of Dean Witter Reynolds, then a Vice President of L.F. Rothchild and later a Vice President of A.G. Edwards(after all that, I even interviewed with Goldman Sachs, but I turned down their offer). Well, in the day, it was pretty much against the law to manipulate any aspect of the financial markets and/or single ingredient, as to artificially or officially influence stock or financial product prices, up or down.

Before I get started, please understand, that it has always been the case, that the retail sides of brokerage houses are nothing more than a means to help unload holdings of the institutional clients of those same brokerage house.  Institutional investors and billionaire investors can move huge amounts of financial instruments, in their portfolios, if an army of retail brokers are recommending a buy on the same instrument, and/or the exact same stocks/financial product/instrument.  Institutional and billionaire investors tend to be smart, and all have a few genius MIT mathematicians working for them,  so they cannot easily sell an instrument in their portfolio to another investor, who is as large and as resourceful as they are. Nor can they usually get a bargain at the expense of a such a peer. So, they rely on the retail arms(armies) of brokerage houses to disperse or buy up instruments, sell to or buy from, less sophisticated and less resourceful investors, by the truck load. 

I feel the true reason wall Street went hog wild with creative financial products, like derivatives, is because at some point institutional investors and billionaire investors(and this includes the most sophisticated & resourceful sovereign funds and mutual funds) well, these big and smart boys realized they could no longer make money by competing with each other, or that their size and near equal sophistication narrowed the margins for profit to near zero, essentially shutting down any worthwhile potential to make a profit based on real value. So all markets were forced into a state of hyper-value in order that the big boys existence, as super huge investors, could reinsert themselves as meaningful players and competing players. The problem, long before “too big to fail”, was the problem resulting between sophisticated and resourceful institutional & billionaires investors, a problem I would label or call “too big to legitimately trade and compete”. It may be, that the defrauding of investors, as depicting in this article,  who are large enough,  well might now take the place of the retail side of brokerage houses to create support for a financial instrument when a huge investor needs to unload it.

Maybe, the large Ponzi schemes, that were so widespread, well, in some way resulted from an a need of super large investors for alternative means to move large blocks of stock and other financial instruments

Today and for the last twenty years it’s all about the manipulation of the financial markets, today actual betting is based on a kind of technical analysis which charts and measures the impact of manipulative financial market influences & initiatives. For a brief period in time, the so called “psychology of the market”, arose from and was tied to, either measurable & known fundamentals of a financial product or stock and/or was a function of technical analysis of that financial product or stock price and the corresponding volume traded over a period of time.
(part 2 on the way)

Rhuen Phreed, 11 Marlborough Street, #22, Boston, MA 02116

Part 2 of 2

Fundamental analysis involves making decisions to purchase and/or sell, stocks/financial products, based on examining the fundamentals of a corporation,  like management team effectiveness,  product or service edge, pattens that may be owned, past sales and profit margins, etc…, whereas technical analysis involves making decisions to purchase and/or sell, stocks/financial products, based on examining patterns and tendency in a particular’s stock or financial products price, in conjunction with examining how much of the stock/financial product was accumulated or sold at certain prices over a period of time. Technical analysis would closer reflect the “psychology of the market”, since decisions made based on it, can be better at predicting the fickle nature of investors and exploits their ignorance threshold. In the day, it was known that best practice was to use both types of analysis in combination and as complements to one another. 

I hope I have not lost you, but my point is, “de-regulation” brought an era when the fundamental reasons to purchase or sell a stock/financial product, was no longer anywhere close to an undervalued or overvalued determination, whether it be a past, present or future estimation/determination. Well, “de-regulation” really tipped the scale towards the decision making paradigm of technical analysis, which used exclusively, and on its’ own, has nothing to do with “value”.

Lets just say, that on top of that, the layers of “creative financial products” that were added and grew to obscure , the traditional gaming that the financial products markets stated an endless gaiming of the game pyramid.  Kind of like creating a financial instrument/product that represents a bet, for or against, the betting outcomes made by each individual, that gambles at 10 casinos in a day.  A bet, on a bet, on a bet, on a bet, on a bet, on a bet, etc… 

Well, imagine using, and seriously using, technical analysis, on the “bet on a bet stream scheme” to chart and determine what decision of buy or sell should be made.

Now consider the “need for disclosure” or the idea to “fully inform an investor” is based on technical analysis, on a bet, on a bet, on a bet,  on a bet,  on a bet, etc…. This kind of disclosure or information relating to an investment, is like reminding someone they are wagering a bet, on a bet, with a peculiar type of bookie in the back room of the New York Stock. 

Add now, on top, that it is a falsehood that anyone investing over 1 billion dollars is investing their own money, and if they bet wrong that no one else will suffer. And lets not forget the money could have been invested in a legitimate value holding asset or activity. Legitimate investments tend to produce material development and benefit to society. The cancer eating Wall Street is the state it finds itself in, one that erodes real value with no winners or losers. (Probably the only time you will hear me wishing there were winners and losers in Wall Street’s gaming results.) The process of evaporating limited real value along with unlimited conjured up value, is a process of fabricating a free market system, which gives the appearance that there are no natural conflicts of interests between equally huge, sophisticated and resourceful investors. 

(finished)

Rhuen Phreed, 11 Marlborough Street, #22, Boston, MA 02116

“Goldman Sachs Duped Investors, Investigation Finds”

NO! Really? Tell me it isn’t true?

To DieDaily, December 31 at 9:48 am

I’m glad you added the importance of this real & all
too rare piece of investigative journalism. The
phrase
“GOVERNMENT SACHS” can still be used since the
miscreant predators won’t go away. The bankster
families have been preying for hundreds of years &
for all practical purposes have achieved their goal
of enslaving the world in a “WEB OF DEBT”. For those
who missed the picture of the bankster of the year on
Time’s cover,you might find the following
interesting.

“Time magazine was created in 1923 as a mouthpiece
for the American Synarchists, grouped around the
banking interests of J.P. Morgan. It is hardly a
coincidence that, simultaneous to the launching of
Time, in Europe, Count Richard Coudenhove-Kalergi,
another leading Synarchist, was launching his Pan-
European Union, which would be a leading propaganda
vehicle for the winning of support among Europe’s
financial oligarchy for the “Hitler-Mussolini”
universal fascism project.

Henry Luce was just out of Yale University, where he
was a member of the secret society Skull and Bones
(class of 1920). Morgan funnelled Luce start-up cash,
and Luce tapped numbers of his friends from his
secret brotherhood to create and run what would
become a propaganda empire. In 1930, for example,
Luce chose Russell Davenport, an intimate Bonesman,
to become Fortune magazine’s first editor-in-chief.”

The full story is in:
“Henry Luce’s Empire of Fascism”
by Steven P. Meyer and Jeffrey Steinberg
This article appears in the June 25, 2004 issue of
Executive Intelligence Review.

All of us who are awake might well say “Duh!” but this is a very important piece. McClatchy is one gutsy dude and his research is as meticulous as it is legendary. Anyone not clear on how many GS employees or ex-employees are in the White House? (Hint: pretty much all the key financial posts for starts) Now…what can we conclude from this? Hmmmm.

GOLDMAN SACHS DUPED INVESTORS, INVESTIGATION FINDS

DUH ! ! !

Don’t be surprised if this miscreant outfit goes
completely stealth & becomes a private company like the
CARLYLE GROUP did.
They know when to hold’em,fold’em,& when to hide.

Prison.  How about prison.  Hard labor would be good, too.