Excellent article -
[...]An example of the bad Wall Street would be
someone like George Soros. These people are the financial hedge fund short selling operators who make money by betting on company collapse, economic calamities and catastrophes.
Soros and his collaborators have an anti-capitalism agenda, an anti-industrialized nation agenda, and a far-left liberal, Marxist radical agenda. Most hedge fund short sellers are not capitalist. They are anti-capitalist and they are not investors. They are anti-investors. They succeed when companies (or countries) fail.
For the good Wall Street to make money, prices have to go up. In this way, everybody makes money, the companies and their shareholders make money, jobs are safe and secure, the economy grows, and the economy expands. This is capitalism in action. The action of the good Wall Street grows and expands the economy.
For the bad Wall Street to make money, prices have to go down, which means that companies and their investors have to lose money or even go broke and collapse.
The bad Wall Street is the hedge fund short sellers. They destroy companies, take away liquidity, destroys investor capital and slows down the economy.
The bad Wall Street, in the form of the hedge fund short sellers, engineered the economic collapse, looted every portfolio that had exposure to the stock market, and blamed George Bush and the Republicans, enabling Barack Obama and his backers, including Soros, to take power.
The hedge fund short sellers, who are members of the Managed Funds Association, are running our government today. They are the ones who authored the Dodd bill. The Dodd bill is punishing the victims of the Hedge Fund short sellers. The Dodd bill is punishing the good Wall Street.
Unless the truth about the role of the MFA in our government policies and regulations is revealed, and some courageous lawmakers free our economic system from their grip, the United States is in for a long time of hurt and possible bankruptcy.
George Soros is the leading member of the MFA. He is also the most influential and the most politically active member. He was behind Barack Obama’s election as president, he led the Managed Funds Association engineering of the economic collapse, as I covered in my book “Wizards of Wall Street”
The Dodd bill does not mention anything about regulating the hedge fund short sellers. The Dodd financial reform bill punishes the victims and rewards the looting bandits and basically sets up the publicly traded companies, the shareholders and the American families to be victimized again. The Dodd bill doesn’t offer any protection for the invested capital and assets of the shareholders, but instead allows their wealth to be seized and confiscated by the Treasury Secretary and distributed to MFA members, the hedge fund short sellers.
This Dodd “financial reform” bill is just round two, of the scam to defraud the publicly traded companies and their shareholders, all over again.
This Dodd bill represents the biggest effort so far by the hedge fund short sellers to have the government seal of approval, to cover their role in engineering the economic collapse which has ravaged the American economy.
As I document in my book, The Wizards of Wall Street, the problem, in essence, is that safeguard regulations which had been in place since 1938 to prevent a repeat of the stock market crash were repealed.
The measures I recommend address the root cause of the economic crisis. They are absolutely necessary to protect investors, the invested capital and the publicly traded companies who are at the heart of American capitalism. They are based on my own experiences in the financial markets and my historical analysis of what has worked in the past to prevent economic and financial catastrophes. They have worked and served us well for 72 years, until then-Securities and Exchange Commission (SEC) chairman Christopher Cox removed them due to the lobbying influence of the Managed Funds Association, the hedge fund short sellers.
Some say the answer is some kind of financial transactions tax, perhaps on a global basis. But I say no. That will only hurt the common investors, retirement portfolios, ordinary Americans with investments in Mutual Funds and IRAs and their pensions and savings. The transaction tax is too exorbitant and is designed to further punish the victims of the crisis, the common investors, and the American families, and traps them for looting down the road. The financial transaction tax is designed as a major source of income redistribution for the Obama administration. This is not good for capitalism.
The socialists believe that to effectively control the people, you have to take away their money and control their wealth. This Dodd financial reform bill is filled with land mines and traps that will do just that.
All freedom lovers, all capitalists, and all patriotic Americans must say no to the Dodd bill. It does not address the cause of the financial crisis.
The Dodd bill will suppress business freedom and economic growth. It will work against the interests of Americans and their liberty.
The only financial reform needed today is to regulate and monitor the hedge funds and the hedge fund short sellers, some of them which are registered off-shore to avoid scrutiny. These global operators, with investors who remain mostly anonymous, must be compelled to register with the Securities and Exchange Commission (SEC), publicly disclose their positions in the markets, and maintain accounting and trading records for a period of 10 years so their activities can be monitored and scrutinized. Just like mutual funds, they must be prohibited from engaging in day trading activities.
Many people do not realize that the hedge funds are responsible for 75-90 percent of all trading activities on Wall Street. They are responsible for the extreme market volatility. They are responsible for everything that is bad on Wall Street.
Other measures — and the most important measures which must be taken — include:
Reinstate and restore the short sale price test regulation known as the uptick rule (to its original condition and not modified.)
End mark to market accounting and replace it with book value, historic cost accounting.
Reinstate the “circuit breakers” and the trading curbs to kick in whenever the Dow Jones industrial average drops 150 points to reduce market volatility and massive panic sell-off in order to allow investors time to think before they act.
To fix the economic crisis, our lawmakers need to put everything back the way it was in 2006 before Christopher Cox became chairman of the Securities and Exchange Commission (SEC) and started “fixing things” that were not broken. In short, every regulation that was repealed or watered down through the influence of the Managed Funds Association should be reversed to what it was before, with no exception.
By removing the rules and regulations that protected the capitalists and their shareholders over the years, the SEC left all of us vulnerable and susceptible to looting through unrestricted short selling by the hedge fund short sellers. That is how millions of ordinary Americans lost trillions of dollars in wealth.
The hedge fund short sellers looted $11 trillion from the U.S. economy. They walk away with all our invested capital and they walk away with the intrinsic profit from devalued home mortgages (our homes) through short selling. Yet, no one goes to jail. Why? Answer: they are too chummy with the Obama administration. The looters have been given a seat at the table in the White House. They are being protected by our government.
If they are left unchecked, the worst will be left to come. We will be witnessing the complete collapse of the capitalist system. And that means more profits for the hedge fund short sellers.
The collapse of the U.S. economy began in 2008 and is, as I state in my book Wizards of Wall Street, just the first phase of the plot to destroy capitalism and impose socialism on the American people.
The subsequent phases of the plot are now upon us, and are being implemented, beginning with the health care reform bill. The financial reform bill, the cap and trade bill, the card check bill, and the immigration reform bill are now on the agenda.
All of these “reform” bills are part of an orchestrated attack on freedom, liberty and justice. They have been written in order to transform America from capitalism to socialism - to dilute and change the political and economic structure of America.
All capitalists, all freedom lovers, all patriotic Americans must reject and say no to all the above listed reform bills, regardless of party affiliation. We do not want the tyranny of socialism.
As an immigrant who came to America to achieve success, I understand the stakes, perhaps more than most. This is a fight to save America, to save capitalism and protect us from the disaster of socialism.
I know that the liberals, who say they want to help the poor, think that the solution is socialism. But socialism never helps the poor; it only traps them indefinitely in poverty. You will never have a rags-to-riches story in a socialist economy. Liberation from poverty is only possible through capitalism.
The economic success of China did not come from socialism, but rather from capitalism.
The Chinese Communists authorize capitalist ventures to sustain socialism in their country. Without capitalism, socialism cannot survive.
It is the wealth generated from capitalism that sustains socialism. Socialism does not produce wealth, only capitalism does.
The only wealth associated with socialism is the wealth the socialists have stolen from the capitalists, through seizure, confiscation and redistribution of the capitalists’ wealth.
Once there is no more wealth left to seize, confiscate, or redistribute, socialism dies.
Socialism has a perfect record of failure.
The author of The Wizards of Wall Street, Zubi Diamond can be contacted through his web site www.zubidiamond.com
http://www.usasurvival.org/ck4.01.10.html
[...]He assumed leadership of the international effort to more closely integrate U.S. and overseas regulation in an era of global capital markets and international securities exchanges.
He also championed transforming the SEC’s system of mandated disclosure from a static, form-based approach to one that taps the power of interactive data to give investors qualitatively better information about companies, mutual funds, and investments of all kinds.[...]
http://www.sec.gov/about/commissioner/cox.htm
IOW, he sold us out to the Financial Terrorists!
USAID - Rajiv Shah -
[...]Prior to his appointment at USAID, Shah worked in a range of leadership roles at the Bill & Melinda Gates Foundation including Director of Agricultural Development, Director of Financial Services, leader of the Strategic Opportunities initiative and manager of the Foundations $1.5 billion commitment to the Vaccine Fund. He also came up with the idea for the International Finance Facility for Immunization to transform the global system of vaccine financing, and worked to secure donor commitments of more than $5 billion for this facility. Before joining the Gates Foundation, Shah was a health care policy advisor on the Al Gore presidential campaign, 2000 and a member of Pennsylvania Governor Ed Rendell transition committee on health....
Offshoring Grants Controversy
In 2010 USAID established a post-conflict recovery program in Sri Lanka[6] as part of a larger effort to mobilize private sector investments by Sri Lankan companies in horticulture, construction, computer programming certification, business process outsourcing, aquaculture, logistics, and garment manufacture [7].
Controversy arose with reports about this economic support program [8][9], as well as one in Armenia[10].[...] wikipedia.org/wiki/Rajiv Shah
Under director Rajiv Shah, appt by Obama in Jan, USAID (our tax dollars) partnered with Asia and Europe with jobs in advanced IT training, Enterprise Java(Java EE) programming, and other business processes and skills giving both countries hundreds of Hi-Tech jobs. Both countries got multi-millions and the government workers remained employed.
IOW, they were rewarded for some kind of deal.
It would appear Shah and Obama are acting like we’re actually in a NWO rather than a Sovereign country. Shah for president...
It’s obvious that the State/USAID agree as they’ve been working hard at implementing all aspects of our lives, in collaboration with foreign entities, into a Global sameness. See above USAID universal contractors and Soros’ NGO’s from Finance, Business, Religion, Media, Politics... All without the consent of the people.
Fr Malachi Martin (RIP) was right in everything he wrote along with being in the NWO already and that was twenty years ago. There’s still a few more things to come but as he said in one of his interviews - God will not desert us! We were promised!