WHITE COLLAR CRIME AND THE ONGOING ECONOMIC DEPRESSION

gold-eagle.com ^ | 7/11/02 | Frank Smith

[Pylot]

To call the 90's an era of depression is a rather fanciful statement.

To properly state that excessive valuations and a drive for excessive profits caused criminal behavior might be more accurate.

[Brownie74]

I just saw on our local news at noon that the market is down about 150 points. I believe it was down more than 200 point before it rebounded a little.

We are going down the tubes in a hurry. As one poster mentioned - we are importing hi-tech workers while illegal immigration runs rampant. How do you stop a runaway train?

[happygrl]

Your analysis is on the money, in fact it is the most credible post.

Now what, the guillotines ?

The arrogant won't stop until the entire house of cards collapses.

[Zon]

"It's the economy stupid." Clinton/Rubin/Greenspan money-debt bubble economy of the nineties is going bust.

As for Enron, WorldCom, Global Crossing, Adelphia, it's fraud. Miniscule compared to fraud by the trio of Clinton, Rubin and Greenspan.

[Libertarianize the GOP]

thanks for the ping

and ping

[JustSayNoNWO]

"As many business profits publicly turn to losses, unemployment rises. Business financial statements publicly disclose the corporate financial losses."

Good read on the whole article.

Sadly, both parties are up to their(you know what's) in white collar crime.....knowing that, there will be nothing done to any guilty people involved.

There are ALREADY more than enough laws in place to fine and/or jail those involved in scandel like this.

The Gov't needs revenue....if people are unemployed, there will not be enough "worker bees" in place to just make money, spend money, pay taxes...etc...

IMHO new laws will be written, false security will be lamented in the news.....and until the next Gov't(& media) made catastrophe is making headline news....all this will be forgotten by the "sheeple".....

[Gritty]

Thought you might enjoy this article.

[stainlessbanner]

More propping up industries...

[Canadian Outrage]

Our leaders are corrupt! It certainly looks that way Bill. With all the exposure of just recent weeks, absolutely not one of the criminals has had to pay back a penny. They should "lose" all illegal financial gain. No question about it. Lynn

[rohry]

Thanks for the ping.

I skimmed the article, found it a little over the top (ALL the economic data has been fudged? I argue with LS all the time about a small fraction of the federal date is not accurate. He laughs and says it is not possible). I think a large percentage of what this guy says is real but he doesn't give enough data to say that we are in a depression (which is hidden by our living off borrowed money).

I have printed it out for later perusal.

[grania]

They seek to hold it all together by their exercise of raw power over the world's banking industry. It is a dangerous path.

Certainly is...they're playing with the laws of how things function. Have you noticed? Whether it's AMTRAK, or interest rates on CDs, or how business should run, or the economy (it's our job to keep on spending) or the jobs available to American workers, or the people who come here (legally or illegally), it's all about them not us.

I'd like to see it turn around...what rights do little folk have for honest balance sheets, and their jobs not going overseas or to lower paid immigrants, and the battles the government chooses. It's not about whether or not these people go to jail (I don't care); it's about honesty and ethics and fairness for the sake of the other 95% of the population.

They always, (on both sides of the aisle) ridicule anyone who might care about ordinary people. That's how they keep their place...convince us that anyone who disagrees is foolish or deranged. And you know what? The American voter accepts that...so far.

[BillofRights]

Lynn, our politicians are even more corrupt than most of us could have imagined. I am finding out more and more all the time.

Bill

[monkey]

The question is as obvious as a thousand foot tall pregnant gorilla at a championship chess match.

Blast, someone got that simile into print before I did. It's not easy writing the next A la recherche du temps perdu.