Journal zogger's Journal: The Great Heist Revisited 5
I've been calling this economic meltdown a crime, or rather a series of large overlapping crimes, that have not yet ended and are still ongoing, for a couple of years now. Not an accident, a deliberate crime, with real guys involved, who need to be arrested and charged, and several large "private" financial institutions need to be broken up, be made gone, dissolved, just like they would do with any other large gang operation. And because they *aren't*, and they are still "in charge" and running things, we will be seeing another round of big heists coming, as they loot what's left and charge you with the tab. They are going to *tax* you for the privilege of getting robbed. Official extortion. That's what's coming. that's what's been going on. they are lying when they say they can't be auditied, or that there will be financial collapse if they aren't bailed out. Liars. They are protecting a long running massive criminal organization.
Here's a take on it from someone who should know, William Black, from about a year ago. transcript or video
Notice this is from almost a year ago..nothing has changed. No one has been charged with any crime. And they most likely won't, because the crooks stay in control right through administration after administration after administration, right through alleged "change" in which "party" is running things.
This is and has been an ongoing coup, there is no other word for it that fits, and I can't even begin to guess what other major crimes the same guys might be involved with. Well, I can guess..but I'll leave it for now just with these economic crimes.
From the interview;
I don't know whether we've lost our capability of outrage. Or whether the cover up has been so successful that people just don't have the facts to react to it.
The best solution ... (Score:2)
... would have been NOT to bail out Wall Street. Without a continual flow of suckers, the game ends.
Alternate solution? End speculation and replace it with investing. You buy stock, if you sell it in less than a year, 50% tax.
Re:The best solution ...tangibles (Score:1)
I am completely in favor of holding time limits for stocks, but I'd make it two years minimum, starting with the IPO. And fast trades/ flash trades? Outright ban. Make the sell period be 24 hours, and then have an auction if there is more than one bidder. Oh well, and other stuff I really don't much care for because I don't even like the concept of outside the employees owning shares in companies.
With that said and anyway....I pretty much encourage folks to really think about getting out of server entries a
Re: (Score:2)
Re: (Score:2)
Actually, even a $.01 per share or contract transaction tax (earmarked in advance, debt reduction ONLY) would have two effects: one, it would significantly reduce speculation for its own sake, and two, it would put a large percentage of the debt load onto the shoulders of those of us best able to bear it.
Can't prosecute fraud (Score:2)
If you don't have a functional government- and on a federal level, we simply don't. I'm pretty sure every politician right down to dogcatcher is already owned to even make it onto the ballot. Nobody else can afford to run.