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Forum Post: Fix the system don't prosecute the blind

Posted 12 years ago on Oct. 4, 2011, 7:14 p.m. EST by prometheusnow (4)
This content is user submitted and not an official statement

I would like to contribute some information.

At this point many are realizing the perils of moneys growing influence over the systems rules, and the dangerous acceleration of wealth disparity that results, threatening the systems very viability. However there is a prisoners dilemma or sorts for all participants, if you pull out first for ethical reasons you lose power, then you can't even hope to fix it.

Because of this I think its important the focus is on core changes to the incentive systems, rather than attacking instances of corruption. New instances will come as fast as ever so long as the incentives promote such dynamics.

In a way this is like the war on drugs, or prohibition. A witch hunt taking out corrupt organizations will have as much benefit as taking out a few drug lords, it will do more harm then good.

Here is some data to use to point out major failures of the system as it is: a. prison population: http://en.wikipedia.org/wiki/File:US_incarceration_timeline-clean.svg b. US public debt: http://en.wikipedia.org/wiki/File:USDebt.png c. wealth inequality: http://upload.wikimedia.org/wikipedia/commons/0/01/United_States_Income_Distribution_1947-2007.svg

Another data point: "According to new research from Moody’s Analytics, the top 5% of Americans by income account for 37% of all consumer outlays. Outlays include consumer spending, interest payments on installment debt and transfer payments."

Another point related to govt bailouts: The reason I think it is a bad plan, assuming money has a major impact on legislation. The bailouts fail as current money holders have built structures that capture new money flows. Then that captured money is used to buy up assets on the cheap to rent back to the underclass.



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[-] 1 points by occupywallst0org (14) 12 years ago

As Incentives for the 99% try this new idea: People becoming equal shareholders over the banks holding their deposits on http://occupywallst.org/forum/becoming-equal-shareholders-over-the-banks-holding/

[-] 1 points by glooskap (64) 12 years ago

Money only seems perilous to those that 1) dont have it or 2) had it and lost it.

[-] 1 points by prometheusnow (4) 12 years ago

Which is now 95% of the population... which is why the streets are filling up ;)

[-] 0 points by glooskap (64) 12 years ago

Gimme gimme.

[-] 1 points by prometheusnow (4) 12 years ago

Anyway... the point isn't to get rid of money, but to reform the incentive system to improve diversity of participation and reduce wealth disparity spurring innovation, reducing imprisonment, and helping with the trade deficit.

[-] 1 points by glooskap (64) 12 years ago

Incentive: work and you get money. Work harder ypu get more.

Potential solutions: Disparity: EVERYONE work Innovation: everyone work harder. Imprisonment: dont commit a crime. Next?

[-] 1 points by prometheusnow (4) 12 years ago

The disparity often doesn't have to do with people not trying, it has to do with lobbyists and sophisticated cash flow capture systems creating monopolies or controlled distribution channels. I know as I have a long and successful background in big business.

[-] 1 points by glooskap (64) 12 years ago

Youre in the wrong market then. Our best employees get promotions and salary increases. The non-performers end up as protesters.

[-] 1 points by Debby (7) 12 years ago

October 4, 2011

The problem is crime committed by the highest powers that be, because they refuse to regulate the federal crimes committed by the financial elite. There's your purpose.

You know what? This is what happened to me and the main bank that did this was not a national bank when they did it. We should take our money out of banks period. Yes, in a mattress would be safer place to put your money than any bank in this country today.

In the vein of “Too Big To Jail” and “Occupy Wall Street Protests On The Brooklyn Bridge” you should know about an unknown, which I’m here to tell you about. Financial matters are much worse than the public realizes and my story affects all Americans. Yet, what’s happened to me sits behind closed doors of secrecy starting with US Attorney General Holder.

The truth is we are living in a financial holocaust created by the small banks, national banks and financial institutions; sanctioned by our government authorities.

Did you know that any financial institution can pluck millions of dollars right out of a named trust account and get away with it in this country? The victim is then instantly thrown into the streets, with their credit unlawfully destroyed; unable to get employment and does not qualify for government assistance. In my case, I was an independently wealthy woman who spent her life raising three beautiful daughters and had just started a new business at forty eight years old; I'm now sixty two. And, not one government authority will investigate this; even after ten years of complaints made to the proper authorities. Should the public not know about this financial institution, so they can protect themselves? Besides if they aren't charged and prosecuted they'll just do it over and over again to millions more consumers.

One would have to see what I’ve seen and experienced to realize how corrupt our United States of America has become or they would have to hear about it from the authorities. Since it’s the authorities hiding these horrendous federal crimes, the victims go unheard…continually violated, and dying in the streets. I feel like I've been hit by the mafia.

What's more one can contact all their congressmen, and women, assemblymen, and women plus their senators; begging for their help and they'll ignore you. You can even write the president as a last resort...he ignores you too.

Someone needs to interview US Attorney General Holder, Attorney General Harris, Attorney General Cox or even Governor Brown and ask, “ It’s your job, and our taxes pay you to investigate these horrendous crimes and prosecute the financial institutions. Would you like to comment on why you wouldn’t investigate the federal crimes committed against this trust and woman? What other federal crimes committed against the consumer by a bank or national financial institution have you ignored and whom else has had all their assets embezzled by their own bank? And, while you’re at it please explain to the public why the state bars are hiding criminals that happen to be attorneys?” So far, the only way the public will hear my outrageous story is my book.

I've written this from behind four thin walls of a tent, where I've resided for two years.

Both the mainstream and alternative media refuse to talk or write about this. And, we wonder why our country is falling apart? From my perspective one of the major problems in the United States are the serious financial crimes being committed by the financial institutions while our authorities know all about this and purposely ignore it. The authorities' corruptions are the bottom line issues in this country. Does this sound like another Hitler situation? Only this time the killings start by destroying people financially. It doesn't matter how many zeros are involved with the assets a consumer has...everyone is subject to these crimes and there will be nothing done about it...period.

[-] 1 points by ThinkingResponsibly (3) 12 years ago

I'm curious how you managed to get internet access at your tent. Unless maybe you're stealing it from someone else.

I've never heard of a trust fund set up for yourself. I've only ever heard of them being for the next generation. If you were "independently wealthy", why would it be done as a trust?

Also, if your story IS true, and all of those people refused to do anything, did you think perhaps a media campaign? A story that juicy would have investigative journalists salivating.

Perhaps you should state what your funds (if they ever truly existed) were REALLY taken for...

[-] 1 points by Materia (17) 12 years ago

Holy get a fucking life batman!

[-] 1 points by prometheusnow (4) 12 years ago

Another point, if you just prosecute, the strong will throw you their weak or those not in the existing cartels. It will only further centralize power unless you actually fix the incentive system. I'm not saying don't prosecute anyone, I'm saying the focus must be on changing the rules of the game, not 'better enforcement/security'.