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Forum Post: The Destruction of the American Economy

Posted 13 years ago on Oct. 15, 2011, 11:51 a.m. EST by STOPNAKEDSHORTING (3)
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The Office of Financial Regulation presentation April 22nd, 2011 The Destruction of the American Economy. How the hell did this happen, who’s to blame, and how we can get America back on track. For those American Taxpayers mad about the Wall Street Bailouts, mad about the free falling economy, mad that the unemployment rate is skyrocketing, mad at your depleted 401K portfolios, this is a must read article. This article will expose everything dirty about Wall Street and our Market Regulators. The crimes committed by the Wall Street Financial Banks/Brokers that lead to the Credit Crisis will be exposed. Crimes that our leaders in Washington and our Market Regulators are so desperately trying to hide from public view. This report will detail all aspects of the Credit Crisis. You will learn that the Credit Crisis was caused by a combination of risky leveraged derivative bets, which are simply bank gambling debts and by the counterfeiting of stock securities, known as Naked Shorting. This report will detail who participated in these actions, this report will Name Names! You will learn why the bailout of the banks will ultimately cost American Taxpayers tens of trillions of dollars more then what our leaders are currently forecasting. You will learn what the devastating effects the bailouts will have on our future and our children’s future. Finally, this report will outline a simple plan that will force the clean up of Wall Street, which should then help turn our economy around. Who am I and how do I know all this? I am a shareholder of a small company called Bancorp International. Bancorp International, known as BCIT is a small start up company, which was on its way to building itself into a growing successful company, before it was viciously targeted and attacked. The story of BCIT will shock and anger most hard working Americans. The BCIT and its shareholders are victims of an orchestrated criminal act called Naked Short Selling. We have witnessed the horrors of Naked Shorting first hand. Naked Shorting is a practice that the large Wall Street Financial Banks/Brokers used to rig the stock market for huge profits by counterfeiting the stock of targeted individual companies with the intent of bankrupting them. Yes counterfeiting of stock!!! How big is Naked Short Selling? Naked Shorting makes the Bernard Madoff scandal look like a small parking infraction, that’s how big Naked Shorting is! The fact is the Naked Shorters have counterfeited stock in thousands of American companies over the past few years. The Naked Shorters have stolen trillions away from these companies and their shareholders. Hundreds of thousands of jobs were lost with the destruction of these companies, making Naked Shorting the largest act of Financial Terrorism ever inflicted on the American people. Yet our own Market Regulators and Congressional leaders have done nothing to stop this. They have turned a blind eye to the plight of all these American companies and their shareholders. They have been well aware of Naked Shorting for years and refused to enforce the laws that would have stopped Naked Shorting. Now they even refuse to go after the criminals, who were involved in Naked Shorting. The reason why our Market Regulators and Congress refuse to go after the Naked Shorters is because it is the large Wall Street Financial Bankers/Brokers doing the crime. The evidence in this report will clearly show that in today’s America the large Wall Street Financial Bankers/Brokers are above the law. They hold all the power and are the puppet masters that really run the American Economy, while Congress, the SEC and the DTCC are just their puppets.

www.SiriusNews.com

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[-] 2 points by Howtodoit (1232) 13 years ago

or just do this on The Hill:

How we can easily Reform Wall Street: Take away their powers once again.

"We are here Congress because we want to bring BACK the Glass-Steagall Act of 1933 http://www.investopedia.com/articles/03/071603.asp#axzz1aPEc3wX which saved our country from the Great Depression by preventing banks and insurance companies from merging and becoming large brokerage firms; instead of Banks and Insurance companies--can't we learn a history lesson here Congress? Btw, why did most of you vote for its repeal in 1999? http://www.counterpunch.org/2008/09/19/shattering-the-glass-steagall-act

Think about where we are now, it all started in 1999 with the subprime loans Senator Phil Gramm was peaching on Senate floor. http://www.youtube.com/watch?v=gKQOxr2wBZQ&feature=related

Furthermore, we also want you to CHANGE the Commodities Future Modernization Act of 2000 http://en.wikipedia.org/wiki/Commodity_Futures_Modernization_Act_of_2000 BACK to where it was before 2000, which since has deregulated energy markets and has allowed for such scams as The Enron Loophole; whereas in the early 2000's Enron Corp. was charging 400 bucks plus for a kilowatt hour...They all when to jail for this. But, the Enron loophole is still not closed, for example, allowing speculators to resell barrels of oil over and over again before it reaches the gas station owner. It's basically, legal gambling at our expense. What were those lawmakers thinking then? What are you thinking now? Either do the right think, or you're part of the 1%."

Why are oil prices high? The Enron Loophole

http://www.youtube.com/watch?v=zbdtTGYQBMU&feature=related http://www.youtube.com/watch?v=PNp0y0SjOkY&feature=related

Rolling Stones Reporter: Truth about Goldman Sachs--how they have cornered the markets--basically, The Enron Loophole and the Repeal of Glass-Steagall Act in 1999. http://www.youtube.com/watch?v=waL5UxScgUw