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Forum Post: Straining Gnats

Posted 2 years ago on Nov. 17, 2014, 12:44 p.m. EST by agkaiser (1825) from Fredericksburg, TX
This content is user submitted and not an official statement

Bernie Madoff is the gnat that's been strained from your wine in a public display of due diligence.

Private Equity is the camel that's continuously swallowed without compunction.

"... the SEC's revelation that private equity firms have been engaging in large scale fee-skimming and other forms of grifting ..." - http://www.nakedcapitalism.com/2014/05/sec-official-describes-widespread-lawbreaking-material-weakness-controls-private-equity-industry.html

"... in predictable fashion, as one group of marks, um, sales targets, starts to dry up, private equity funds, aka general partners, are hunting for new ones. And having gone very systematically after every conceivable large pot of money, the only place left for them to go is down market, in terms of size and sophistication. As private equity industry expert Eileen Appelbaum explains in [http://thehill.com/blogs/pundits-blog/finance/224097-private-equity-is-coming-for-your-nest-egg] The Hill, both public and private pension funds, another big money source for private equity, are shrinking as pensions generally are under attack. So the prize for private equity is to get its hands on retail investors, namely, even lower tier wealthy and 401 (k) plans...."

  • Yves Smith

http://www.nakedcapitalism.com/2014/11/private-equity-now-looking-even-bigger-chumps-namely-401-ks-retail.html

2 Comments

2 Comments


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[-] 4 points by trashyharry (3082) from Waterville, NY 2 years ago

The people of this World will do nothing but suffer under Tyranny and Slavery until the issues surrounding Monetary Policy are resolved in our favor.As it is,in most countries Central Banks-privately owned for profit corporations-are granted the right to issue currency and control how much of it is in circulation.After a great deal of study which is ongoing,I feel that this is the root of the economic crises which recur with mind-numbing regularity.Interestingly,here in the US,all of the COINAGE is issued and denominated by the United States Treasury,and is NOT created by a privately owned bank through debt.What a clusterfuck it would cause if Americans decided they would refuse to do any transactions except with coinage,a non debt created financial instrument! Many people seem to think that the problem is that the currency is fiat,and not "backed" by gold,silver or some type of tangible commodity.History seems to indicate that problems arise not out of the backing of the currency,but manipulations related to the SUPPLY of money.At the moment,Central Banks are in control of the supply of money,and they have been using their power to create crises which the Banksters can then exploit to destroy and devastate the civilians whilst enriching themselves and their corporate banks.We the People have gotten rid of these Bloodsuckers before.They have relentlessly robbed and murdered us for 100 years.We need to do it again,and create legislation which classifies lobbying for a return to Central Banking and Fractional Reserve Banking as Treason punishable by Death.

[-] 4 points by agkaiser (1825) from Fredericksburg, TX 2 years ago

“It is difficult to get a man to understand something, when his salary depends upon his not understanding it!” –Upton Sinclair