Posts Tagged ‘money’

Can things get any more crazy?

July 25, 2015

CALIFORNIA  ATTY-GENERAL MORE WORRIED ABOUT PERMITS THAN BABY ORGAN TRAFFICKING

Most people who follow the news chatter know by now that a Planned Parenthood executive was caught on video talking about how the price of a specific baby organ depends on the disparate difficulty it causes the abortionist during the “extraction”, a euphemism for prenatal infanticide. The word “crunch” came up several times.

So what does the Attorney General of California promise to do? Root out this evil incentive for baby parts trafficking? No, she’s going to investigate whether there is any permit or license that the messenger forgot to get in this filming, and if the messenger violated any of the minuscule regulations on such matters.

Of course with the massive Hollywood press industry in the middle and paparazzi protections in place, maybe they’ll have some difficulty.

After all, nobody protested, or requested such an investigation, of Michael Moore, who pulled the same kind of stunt on Clint Eastwood for his anti-gun film.

Some in Congress are indignantly talking about investigating. These are politicians mostly of the party that has had several chances to shut down the massive federal funding this infanticide industry gets, and in the several states, and have not done so. Maybe somebody has the inside scoop on these reluctant pro-life politicians.

And `let’s give a nod to those Democrat Party Congressmen who could have blocked the infanticide-friendly Obamacare law, but were pushed, cajoled and even lobbied personally by President Barack Obama himself to obey. Bart Stupak was the “last hope”, he sacrificed his political career to what he had to know was a lying promise from the president’s mouth, and dragged the few fellow pro-life Democrats to defeat in the next election.

Whatever did Obama *really* say to Stupak in that secret meeting? What incentives, arguments, threats?

JUDGE ORDERS CHICAGO TAXPAYERS TO PAY FOR UNIONS AND POLITICIANS’ LYING PROMISES

How can anybody say that there is government “by the people” if the elected politicians can conspire with union bosses to sign contracts that steal other people’s money to fund public employee pensions?

Every legislature that burdens future legislatures and future generations with a growing debt and theft by inflation is committing a robbery that no non-governmental criminal organization can match in its brazen immorality, its arrogance, committed under a cover story of playing fair and favoring the poor.
But then again, the voters go ho-hum and too many of them think they’re voting for “fairness”, when demagogues promise to “help the poor” and soak the rich. They ARE the rich people!

WHO SHOULD VOTE?

“Immigrants aren’t the only ones who shouldn’t be voting”:
https://www.lewrockwell.com/2015/07/ryan-mcmaken/immigrants-shouldnt-vote/

Ryan makes a good point here. People think it’s really bad when a mayor gives the garbage utility contract to his own company. That’s obviously a conflict of interest. Nepotism is a dirty word.

And yet  seniors have a vote on who can use other people’s extorted moneys to give to them.  Welfare recipients vote on who takes other people’s money to give to them. The long list does not just include not only food stamp recipients, Medicaid, healthcare subsidies for the poor, Section Eight housing. There are nationally protected industries and unions who benefit materially from government policies. Students get federal aid and think it’s a great program.

We have a zillion laws against conflicts of interest in working for government and in working for companies. In many cases it is a crime for a company employee to receive gifts in exchange for favoring one vendor over another.

The same idea applied to political elections would make elections much more fair.

If you get any benefits at all from government, you give up your “right to vote” on who pays you those benefits, whether it’s a job, or direct subsidies, or any program moneys at all. Subsidies would include of course all corporate subsidies and the effect would apply to all employees of any said company. That means all of them. It means all organizations that work on electing anybody.

 

Corporations would have less political clout that way. Welfare recipients too, but nobody wants to get a label of Scrooge. Private companies even now budget lots of money for “charities”.

A person seeking employment would consider this. No more political promises to “bring home the bacon”. No more representatives pushing to allocate bases to their home towns and messing with the voter base that got them their job, even though they cannot vote.

Even some of these staged shows the industry calls “reality shows” do not allow contestants to vote for themselves.

(The industry likes to call them “reality” shows, but who in the real world normally goes naked in a bug-infested jungle full of briers, bristles and thorns to see if they can last 21 days? They are game shows, innovative as they may be)

 

Obamacare: Nightmare of 68,000 new diagnosis codes for ICD-10 including the bizarre

June 14, 2015

I now work for a healthcare company, and before that a hospital software company, and be it knownst that the Obamacare legal abomination carries a LOT more than just the lying insurance cover.

INTERNATIONAL STATISTICAL CLASSIFICATION OF DISEASES AND RELATED HEALTH PROBLEMS.

They are requiring more conversion by more healthcare companies, and smaller ones, to electronic claims and payments processing and other non-insurance requirements. They are requiring conversion of the electronic diagnosis codes from the ICD-9 list to a new ICD-10 list, with at least ten times more codes.

Look at this number thoughtfully: The ICD-10 requirements include some 68,000 codes for the presumably 68,000 different diagnoses that a doctor might make for a patient. Presumably each healthcare company will have to decide how much to charge for each diagnosis, and possibly negotiate rates with each insurance company separately.

The codes include such idiotic details such “struck by a turtle”, “struck by a sea lion”, “accidental striking against or bumped into by another person, initial encounter”, “headache associated with sexual activity”, ”Pedestrian on foot injured in collision with roller-skater, subsequent encounter.”

Those were found at:

“ICD-10 involves an ‘enormous amount of complexity’”:

http://www.healthcareitnews.com/news/10-most-outlandish-kinds-icd-10-codes

I’ve seen some of the more outlandish ones myself. With all the web pages a search brings up for “ICD-10 ridiculous”, it’s truly hard to tell which ones are made-up and which ones are spoofs. One listed “cat-scratch fever”, a la Ted Nugent song.

This may well create more too-big-to-fail companies. There is a mad rush in the healthcare industry to consolidate. Smaller hospitals are begging for bigger chains to buy them out. I haven’t seen specific reference to it, but I’ll bet this includes a LOT of “non-profit” medical companies selling to “profit-based” chains, or other “non-profit” organizations.

The company I work for is snapping up smaller ones everywhere in the country.

Many in the software industry are calling this “bigger than Y2K”, and I think it is. I worked for a small air conditioning equipment distribution company at that time, and changed something like over 600 tables, 1200 “views”, and 1,800 programs. This may affect more. It most certainly has involved LOTS and LOTS of typing and editing and changing going on. Every affected company, corporation and partnership affected, has to finish its own preparation enough to set up test environments so they can jointly test with EVERY other organization they do related business with.

One writer says it will cost trillions of dollars in costs to the medical industry. At my small-ish employer, it is reasonable to say it likely costs millions of dollars in developer pay, and pay for medical diagnosis coders time, and their training, plus all the accounting that goes into the use of the equipment and executives’ time. And all the extra personnel needed to both make the transition, and now the ongoing increase in costs associated with this crazy mess of codes and the multiplication of both human and programming mistakes.

See, this is the problem when people believe that a government can do better than God in sorting things out and taking care of people.

It will never be known how many people will suffer because of so many resources and so much time wasted on obeying government commands to comply with rules that bureaucrats make to justify their salaries, thinking they are helping people.

It’s not just skyrocketing medical costs that will result from this abominable law. It is the resources that are wasted in making life easier for government officials and politicians and giving them yet more socialized control over the lives of individuals. It’s easy to cry foul when a cop shoots a man in cold blood caught on video. It’s not so easy to consider the unemployed teens and unskilled poor who are locked out of the labor market by minimum wage laws. It’s not so easy to consider the invisible harm done to the sick, elderly, and disabled by laws that pretend to expand healthcare but shrink it. It’s not so easy to see the lost jobs and lost wages for the poor and under-employed that lose out to the increased tax burden imposed on their employers. It’s an easy mark to criticize giant corporate profits, but not so easy to see the way the regulations themselves benefit the biggest corporations and keep smaller competitors down. It’s easy to hear the demagogues complain about greedy corporations, but with a government-compliant big-corporation media, it’s not so easy to see how those same “greedy corporations” benefit the demagogues themselves.

Socialism is a lie. Like a friend once told me who had lived in Russia during the days of the Soviet Union, socialism does not exist, there is no such thing. It’s just a trade of one set of rulers for another one with less pretension. “Meet the new boss, same as the old boss”.

But let’s be clear. Obamacare is a bipartisan program. It is an implementation of a “conservative” Heritage Foundation plan published in the 1990s, it is Romney-care writ large, it is Hillary-care recharged. Charged to us, making us foot the bill. Let the refrain sound throughout the land: Obamacare is Hillary’s 1993 plan, Phase One.

“But be not deceived. God is not mocked, for whatsoever a man soweth, that shall he also reap.”

 

IRS and Feds engaging in more prosecutorial criminality

March 8, 2015

Here’s another case of federal and IRS prosecutorial criminality.

He’s a creationist who is well-known among Christians who are interested in the topic. He was, in the opinion of m many, the most effective creationist speaker. His invitations to speak were many, he had years scheduled in advance. They sold the videos in DVDs but made clear that permission was granted to copy them, as long as they were given away, and they were download-able on the Internet.

The IRS put him away for 10 years claiming “structuring”. Structuring is when somebody follows the law but somebody at the IRS decides you’re trying to avoid the reporting requirements. They got the structuring laws passed by claiming it was a “tool” to go after drug traffickers.

There were other bogus charges and then the first thing the judge did after a request from prosecution was to ban the defense strategy. There were all kinds of things they also threw at him.

He had been denounced by a jealous Christian school director in the same town of Pensacola.

I just discovered that as the end of his sentence draws near, they have created more bogus charges to keep him in prison. The judge presiding –note this!– has banned all taking of notes, and has banned everyone from having a Bible open in the courtroom. I am not making this up.

Outside the courtroom after one session:
https://www.youtube.com/watch?v=bgaZFQrKBn4

Kent Hovind’s blog: http://www.kenthovindblog.com

https://www.facebook.com/drkenthovind

http://ytmp.blogspot.com

Forbes is reporting on it:
http://www.forbes.com/sites/peterjreilly/2014/10/29/government-coming-down-harder-on-kent-hovind/

Je ne suis pas Charlie Hebdo

January 16, 2015

If the attack on “Charlie Hebdo” was anti-semitic, so was a cartoon that one artist published in the Charlie Hebdo magazine a few years ago that got the artist fired.

After the magazine Hara-Kiri was shut down by the French government after satirizing the exaggerated mourning of De Gaulle two days after his funeral (1970!), the same people simply renamed it Charlie Hebdo and kept publishing.

You can call the attack on the kosher restaurant anti-semitic, but what do you call the blasphemous anti-Christian caricatures and the blatant anti-Islamic caricatures?

FREE SPEECH

In France there are “hate speech” laws that make Charlie Hebdo’s caricatures of Christians and Muslims illegal, but they are only enforced against “anti-semitism”.

Among the sea of the reported three million demonstrators for “free speech” with “Je suis Charlie” buttons (how could they print that many in only a week?), a policeman ordered one of them to remove his “Je suis Kouachi” button (the name of one of the killers).

Only 48 hours after people marched for “free speech” in the streets of Paris, France opened criminal proceedings against comedian Dieudonné for his speech they said was “defending terrorism”. This was only one of 54 new such cases for “condoning terrorism”.

In a land that imprisons you for expressing banned opinions (and facts too!), these heads of state stand with the leaders that imprison you for saying it out loud?

How long before they ban statements like “Jesus is the ONLY way to heaven”? They are already working on that by the way and they have already muzzled teachers in taxpayer/theft-funded government indoctrination centers even in the U.S.

How long before they warn cops to be on the lookout in America for dangerous people with “Ron Paul” bumper stickers on their cars? –Oh, they already did that! Five years ago!

And try to publish an ad in the States with pictures from Deir Yassin after the Irgun massacre of the entire town. You think anybody will publish it?

These “conservative” neo-cons, children of Trotskyite Communists, never want to cut back welfare programs, and they always want to keep the US in war. They are both programs designed to bankrupt the country’s economy and mold its culture into forming pliant obedient subjects.

Farming is the future, jury nullification, FDR knew, medicinal gardens, storm prep, how to wrap

December 20, 2014

JIM ROGERS

Farming is the future – Daily Bell interview with Jim Rogers

http://www.thedailybell.com/exclusive-interviews/35910/Anthony-Wile-Jim-Rogers-Choose-Farming-for-Your-Family-and-Finances/

…He says own land.. don’t own water because the politicians will take it from you..

…Gold under $1000, recommend buy..

…Economic collapse might come by the end of next year or 2016, but of course, I don’t know…

…North Korea

…Daily Bell: To what extent is FATCA playing a role now in impacting Americans’ abilities to do business anywhere in the world, from your experience?

…Jim Rogers: FATCA’s making it more and more difficult for Americans to do business around world – to do anything around world. When you have more and more capital controls, it obviously eventually causes problems. History’s full of examples of that. I told you we’re going to have more problems in currency markets in the next couple of years. That’s partly because of FATCA. Fewer and fewer Americans can easily move their money around. When you restrict capital flows, you also make it hard to do business. FATCA’s going to be part of the problem and make things worse. There are some places where I’ve had bank accounts a long time. They just called me up and said we love you but we’ve got to close you out because you’re an American. They’re places I’ve had accounts a long time, and I’ve always reported everything. It doesn’t matter, though. They just don’t want Americans anymore. Others won’t open accounts, as you know, so it’s certainly reducing the flow of capital around the world and it’s putting Americans at greater and greater disadvantage. –

…Daily Bell: How much is this is already contributing to the demise of the dollar?

…Jim Rogers: Unfortunately, this situation is threatening the rest of the world to come up with alternatives, which in the end are going to be bad for America and Americans. I don’t like saying this, but people are already trying to find ways to compete with the US dollar and the US banking system. This is only accelerating the process. If we stop being the world’s reserve currency we’re going to be in a serious, serious bind. This is just going to accelerate all that.

 

JURY NULLIFICATION

 http://www.lewrockwell.com/2014/12/robert-wenzel/what-government-prosecutors-fear-most/

..Yeah, so now anything that might promote a jury nullification even if you exclude them all is not allowed..even if it’s evidence.. like showing that without a direct link to crime there is no crime

 

PREPOSTEROUS CLAIMS, TO HOLD ON TO ECONOMIC HEGEMONY

http://www.wired.com/2014/12/silk-road-judge-ulbricht-could-kill-witnesses/

 

 

 SMOKING GUN: FDR KNEW PEARL HARBOR WAS COMING

http://original.antiwar.com/justin/2014/12/07/pearl-harbor-and-the-engineers-of-war/

Takeo Yoshikawa, the smoking gun that shows FDR knew what the Japanese were planning…

 

 

MEDICINAL GARDEN

http://www.lewrockwell.com/2014/12/no_author/grow-your-own-medicinal-garden/

.. including aloe vera, ginger, garlic, chamomile (german?) – antispasmodic—relaxes muscle tension and cramps),

Witch hazel, ginkgo, ginseng (siberian), goldenseal, licorice, peppermint, rosemary (help reduce stress and relieve headaches) (don’t take the essential oil internally), sage, st. john’s wort, thyme, tumeric…

 

 

STORMS: BE PREPARED

California unprepared for storms (like most Americans):
http://www.lewrockwell.com/2014/12/no_author/are-most-americans-totally-unprepared/

Hurricane Sandy…Katrina new orleans… Power down one year leaves 90% of americans dead…

(My note: Mormons will probably do a lot better than 90%…)

 

 

 HOW TO WRAP A GIFT:

How to wrap a Christmas gift:

http://www.telegraph.co.uk/men/the-filter/virals/11289422/How-to-wrap-a-Christmas-gift-like-a-pro.html

 

 

GET STRONGER WITH DISORDER: 

http://www.artofmanliness.com/2013/12/03/beyond-sissy-resilience-on-becoming-antifragile/

amazon see:: Antifragile: Things That Gain from Disorder (Incerto)

 

Reaction to “Conservative to Anarchist”; Me, Communist to Missionary to Anarchist

August 24, 2014

My reaction to Steve Patterson’s post, From Conservative to Anarchist:

http://steve-patterson.com/conservative-anarchist/

Back when I joined a “new religious movement” during the Jesus People thing in the 1960s, we got educated by the founders in the future consequences of bubble fiat dollars (“green paper pigs”–think inflated piggy bank balloon) and the stupidity of getting off a gold standard, and the way the rest of the world will also get punked for counting on the dollar. We were “dropped out” of “the system” and “turned on” to the truth.

Before that, in college, all that indoctrination turned me into a Communist because ever since LBJ invaded the Dominican Republic I remembered thinking about helping the poor and being “fair” and all that. But that led to being a sort of “syndicalist anarchist”, which sounds leftish but it also sounded right. My rationale then was: If you can’t trust people to govern themselves, you can’t trust them to govern anybody else. I didn’t have a clue what label that would have other than anarchist.

Then I discovered the way certain now well-known cliques and “secret societies” manipulate things, became minarchist finally, and through a Bible-discussion forum discovered Ron Paul when a fellow believer mentioned hanging Ron Paul banners over bridges. The rest is the same history as Steve’s.

This verse means so much more to me now:

The Spirit of the Lord God is upon me; because the Lord hath anointed me to preach good tidings unto the meek; he hath sent me to bind up the brokenhearted, to proclaim liberty to the captives, and the opening of the prison to them that are bound;–Isaiah 61:1

Taxes, Romans, and Romans 13

June 29, 2014

Romans 13 is a requirement for governments, not just subjects.

I think it was meant in the sense of Psalm 75:7:
But God is the judge: he putteth down one, and setteth up another. Psalm 75:7
David prayed for protection against his enemies, even at the same time he was acknowledging that they are “thy servants”. God said Nebuccadnezzar was “my servant” to serve his purposes, not that ever law he promulgated was just.

Also, Paul was speaking in the present verb tense at the time of writing it, and apparently as a guideline. But note that Peter and John told the Sanhedrin they had to obey God and not man, and note too that Paul was later beheaded by the emperor, the state authorities, Peter was crucified, and John was boiled in oil and exiled.

And Jesus told the disciples to pay the taxes demanded (the Bible uses the more accurate term “tribute”, an extortion), not for some spiritual reason, but “lest we offend them”. Meaning pay the tax to keep them off your back so you can continue to do God’s work. And he did NOT pay that tax until he had to.

And lest we forget, remember what he did with the cheating, thieving, false-balance money changers. Where do you think Andrew Jackson got his epithet when he vetoed the central bank?

The Pope condemns inequality again, still does not offer to equalize himself

May 10, 2014

You can’t cure an infection by injecting flesh-eating bacteria, and you can’t solve inequality by legislating righteousness.

Jesus cared for the poor by feeding them, healing them, teaching them righteousness and diligence, by inspiring works of charity around the world, by the story of the Good Samaritan that resonates throughout the millenia and the world.

He didn’t care for the poor by getting the Romans to establish giveaways for the poor.

The Good Samaritan used HIS OWN money to help the victim in the road. He did NOT go and rob somebody else to use THEIR money to help the victim in the road.

Thou shalt not steal. (Oh, but they’re only rich if they stole it? Inequality is theft?) Good thinking, not. Government takes want it wants by force, by definition. And demagoguery by this first Jesuit Pope in history, same as the rest, is only exposed by the hypocrisy of it all:

https://trutherator.wordpress.com/2014/05/03/pope-condemns-inequality-praises-his-own-heirarchy/

Note that this Pope never ever condemns the thefts that his predecessors have committed over these hundreds of years. So many major riches gotten by the Inquisitors, condemning victims who committed the heinous crime of actually reading the Bible, and grabbing their riches, just like today’s confiscation laws used by law enforcers across the USA.

The silence of this Pope, this one more than any of them, for example, on using some of the untold BILLIONS in assets of the VATICAN to help the poor.

The only “violence” Jesus did was precisely when he saw the MONEY CHANGERS in the temple ROBBING the POOR by way of FRAUD.

IS THE POPE DEMANDING THAT THE MONEY CHANGERS OF THE CENTRAL BANKS OF THE WORLD STOP THEIR GRAND THEFT NATION LOOTING???!!!

This Pope’s administration did a dressing-down on that German bishop that was flaunting the rich man’s life. I wonder what he thinks as he walks through the halls of the Vatican, ponders all the Michelangelo art in their cathedrals in Rome, or considers the vast array of million-dollar art in their possession around the world, or when he looks at the Vatican income statement and the line items with their billions of investments around the world.

The Roman Catholic Church is one of the richest capitalist institutions in the entire world. It at least benefits from it, just like every other socialist institution in history.

No, he’s demanding more of it. Because when the rulers of this world (this Pope is one of them now) help the poor, they themselves do it with the loot of their theft. And the result has proven, over and over, that this does not work to help the poor, it just impoverishes everyone but the rulers.

Taxation is theft. That was the meaning of the plaque on Ron Paul’s desk, “Don’t steal, the government hates competition”.

 

Minimum wage

January 26, 2014

Henry Ford used a manufacturing technique that was relatively advanced for the manufacture of horseless carriages. This technology, like most such advances, allowed and even required a division of labor that dramatically increased the productivity of manufacture, and this in turn allowed for a dramatically lower price for the automobiles he made.

The combination of productivity enhancement (assembly line technology) and sales volume in a free market context (cheaper horseless carriages) combined to allow him to pay enough to hire the workers with the best work ethics.

Of course, being a pretty smart salesman and public relations brain, he made it sound like he paid his workers more to make himself richer. Yeah, right. He also sold you a Brooklyn Bridge. 1908 was also the time of the presidency of the most famous “progressive” president, and so the doublespeak was strong at the time.

Henry Ford only used the lying doublespeak of the left-fascists of the day to promote his car and make it sound more “affordable” than even the technology allowed.

It is no anomaly that South Korea has the 12th largest economy in the world, about FORTY times bigger than North Korea’s. North Korea allows ZERO “unfettered capitalism”. South Korea allows a lot more than the USSA. They started out at the same economic levels at the end of World War Two
http://www.indexmundi.com/factbook/compare/south-korea.north-korea/economy
..Those are numbers that the Keynesians hate and that’s why you never see them talking about it in the left-fascist news cartel sources.

Singapore has one of the lowest tax rates in the world and has the highest per-capita GDP in the world.

Hong Kong with its capitalist success and freedom for doing business (for both poor and rich), that Beijing decided to keep their economic regime (and a lot of the political freedom they had), and even opened more zones to replicate it.

Chile freed the market from a lot of its fetters and chains that had been imposed by the Marxist Allende, and has become the first and so far only Latin American country to join the club of developed nations.it is certainly the richest.

In fact as part of their legislative project to find a way to get free from so much poverty, Honduran legislators and officials invited business executives and government officials from Chile to Honduras to share what they’ve learned. They sent delegations to Hong Kong, Singapore, Chile, South Korea, to learn from their successes, and the special economic zone established by Abu Dhabi.

OF course they learned that you cannot decrease poverty by subsidizing it. You help the poor by letting them enjoy the fruits of their labor and you let them do business as they see fit on a level playing field, and eliminating the confusing maze of rules and regulations that keep them down.

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Perversity of Modern White-Collar Criminal Remedies (The Daily Bell)

January 12, 2014

The Daily Bell – Perversity of Modern White-Collar Criminal Remedies:
http://www.thedailybell.com/news-analysis/34906/Perversity-of-Modern-White-Collar-Criminal-Remedies/

This is a fatal disconnect. Washington’s Blog and others seem to assume that if regulation is followed up by aggressive enforcement and incarceration, then honesty will increase and people will be better behaved. But so far as we can tell, it has never been proven to be the case that regulation and authoritarian enforcement cures wrongdoing. It is the history of empires to create a climate conducive to corruption. The corruption is then engaged by the very elements of empire that have nourished the corruption to begin with. Certainly there is wrongdoing aplenty. Here are just some of the recent improprieties by big banks, according to the article:

  • Laundering money for terrorists (the HSBC employee who blew the whistle on the banks’ money laundering for terrorists and drug cartels says that the giant bank is still laundering money, saying: “The public needs to know that money is still being funneled through HSBC to directly buy guns and bullets to kill our soldiers …. Banks financing … terrorists affects every single American.” He also said: “It is disgusting that our banks are STILL financing terror on 9/11 2013″.
  • Financing illegal arms deals, and funding the manufacture of cluster bombs and other arms which are banned in most of the world
  • Handling money for rogue military operations
  • Laundering money for drug cartels. Indeed, drug dealers kept the banking system afloat during the depths of the 2008 financial crisis). A whistleblower said: “America is losing the drug war because our banks are [still] financing the cartels”, and “Banks financing drug cartels … affects every single American”.
  • Engaging in mafia-style big-rigging fraud against local governments
  • Shaving money off of virtually every pension transaction they handled over the course of decades, stealing collectively billions of dollars from pensions worldwide.
  • Manipulating aluminum and copper prices.
  • Manipulating gold prices … on a daily basis.
  • Charging “storage fees” to store gold bullion … without even buying or storing any gold. And raiding allocated gold accounts.
  • Committing massive and pervasive fraud both when they initiated mortgage loans and when they foreclosed on them.
  • Pledging the same mortgage multiple times to different buyers. This would be like selling your car, and collecting money from 10 different buyers for the same car.
  • Cheating homeowners by gaming laws meant to protect people from unfair foreclosure.
  • Committing massive fraud in an $800 trillion dollar market which effects everything from mortgages, student loans, small business loans and city financing .
  • Manipulating the hundred trillion dollar derivatives market.
  • Engaging in insider trading of the most important financial information.
  • Pushing investments which they knew were terrible, and then betting against the same investments to make money for themselves.
  • Engaging in unlawful “frontrunning” to manipulate markets.
  • Engaging in unlawful “Wash Trades” to manipulate asset prices.
  • Manipulating corporate bonds through derivatives schemes.
  • Otherwise manipulating markets.
  • Charging veterans unlawful mortgage fees.
  • Helping the richest to illegally hide assets.
  • Cooking their books.
  • Bribing and bullying ratings agencies to inflate ratings on their risky investments.
  • Violently cracking down on peaceful protesters.

And yet … at least some of what is mentioned above is questionable from a criminal standpoint. Things like market manipulation, wash trades, frontrunning and other “crimes” are a function of a marketplace that has gotten too large and in which too many titanic firms trade. They simply can get away with more, and it is impossible to police much of what is taking place.

The solution is to reintroduce competition and let customers themselves sort out the “bad guys.” Unfortunately, regulations and judicial fiat make this almost impossible. The competitive market cannot perform its curative function. In its place we have regulatory democracy and occasional prosecutions.

The real problem is not “criminality” but bigness and most importantly state-enforced bigness. Let us ask: Where does this bigness come from? In fact, it comes from the state enforced immunity of corporate personhood. Wall Street firms, like large corporations everywhere, provide virtual immunity from consequences for those who manage them.

When one works for the state these days, one can use the threat of terrorism to repel accusations of almost any criminal or violent act while in Leviathan’s employment.

Similarly, corporate personhood inoculates those at the top of corporations from the consequences of their actions. They are usually not sued. They are certainly not jailed. The corporation itself – with its overflowing coffers – is subject to the “punishment.” And everyone moves on. –

 

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