Who's to Blame
Please do not DELETE!!!(It's very important to all American's)mho
It is truly amazing to see America fall apart and NoOne cares. The Media and our so called Leaders just sit back and do NOTHING and point fingers at each other without reporting on the REAL Problems this Country is Facing.
Every Single American should be Outraged at what is happening to them each and everyday. We hear almost daily on how the Federal Government is Bailing out Wall Street at the Tax Payers expense. Meanwhile the Regulators are allowing the Crooks to Pocket Trillions of Dollars by FAILING to Uphold the Laws which are already on the Books.
We have the SEC which turns its head and allows Illegal Naked Short Selling of Stock. They even have a special exception for the Market Makers who sell Puts & Calls to DILUTE the Equity Markets by allowing more COUNTERFEIT Stock to where there are more COUNTERFEIT Stock issued than what has been Authorized. A Company may have 100 Million Shares Authorized, but when you take a closer look at the Naked Short Shares, the Illegal Naked Short Shares & the Put & Call Options outstanding there may very well be 5X+ the amount of stock floating around in the Market place. Chairman Christopher Cox is well aware of the problem but has FAILED to protect the Small Investor and has gone out of his way for YEARS to protect the CROOKS who have been Stealing Trillions of Dollars and replacing the Dollars with IOU's. On July 15th, Chairman Cox put an order out on 19 Financial Companies to Stop Illegal Naked Shorting which is alreadfy Illegal and has been said not to exist. But this time he was serious about halting this Illegal Act on just these 19 Companies. Within 2 weeks these 19 Stocks went up 80%-150% because something that was already Illegal already was actually not allowed for Chairman Cox was serious this time. WHY was this NOT done to ALL stocks that Trade? Why the Media and ALL Americans are NOT outraged by the SEC Failing to Uphold the Laws is AMAZING to me. Everyones 401K has been Depleted Due to the SEC Failing to do their Job.
Chairman Cox of the SEC has allowed many Companies to go Bankrupt or Downsize.
Chairman Cox has caused 100 of 1000's of Americans to lose their Jobs and their Health Insurance Benefits.
Chairman Cox has caused the IRS to lose Billions if not Trillions of Dollars to be collected by the IRS due to his Failures/Crimes.
Chairman Cox has caused more Hardship on American Families because of his Failures/Crimes/Terrorist Acts.
Wall Street and the SEC allows a party to reap financial reward when a Company fails. Shorting the ABX index allows a party to reap a financial reward when asset values of certain financial instruments decline in value. Unlimited shorting of Stocks, without restraint as price declines, magnifies both the speed and the magnitude of the price decline. Purchase of Puts sends a stock price lower as the market makers sell unlimited, unregistered, un-issued shares into the market.
Where the Capital Markets once functioned as a source of financing for new business ventures. Wall Street and the SEC have turned the Capital Markets into an unregualted, rigged casino where gambling and asset destruction are the main attractions. Economic incentives now heavily favor the destruction of investment capital, rather than the creation of additional capital.
There are 3 Oversight Committees who are in place to prevent this from happening.
1) The Committee of Financial Services, Chairperson Congressman Barney Frank. Where has he been?
2) The Senate Banking Committee, Chairpersons Senator Chris Dodd & Dick Shelby. Where have they been?
3) The US Treasury/Secret Service, led by Hank Paulson, he has been giving away Tax Payer Dollars instead of fixing the problem.
Many within this Government has caused more harm to the American People than any Al-Qaeda Group has done in the way of Suffering. And many in this Country will continue to Suffer for YEARS to come for their Crimes/Terrorist Acts for the Crime rate in this Country will SKY-ROCKET for who are the Victims of their Crimes will make us Law biding citzens the Victims of the Victims Crimes for their need to put food on the table.
Bud Burrell has put out a 58 Minute audio titled the "The Greatest Crime in History" , I suggest that everyone who cares what their future holds to listen to it. It should be very easy to find on the Internet.
What we have running for President Today are the very ones that have allowed this Corruption to happen in the 1st place. All the Candidates have failed to touch on what may be the ONLY thing that can actually save this Country. And worse they have the power as being Senators to speak UP NOW even before the Elections.
This Country is as good as Bankrupt NOW! The Debt is now near 11 Trillion Dollars, a signed Budget for this year of 3 Trillion with a 600 Billion defecit NOT counting the cost of the Iraq war. The Bail out of Wall Street and most recently Fannie Mae & Freddie Mac combined 8 Trillion worth of mortgages backed by the Tax Payer now. The FDIC having ONLY 54 Billion in its account to protect depositors, a Washington Mutual collapse/bear raid would cost 2X that alone. Within a year and 600+ banks failing will cost the Tax Payers well over another Trillion Dollars.
I don't know about you? But I am stocking up on Guns, Ammo & Food. For ALL of our so called Leaders have put their People DEAD last. This is a Country where Special Interest and Corruption come first before the People.
And we worry about Al-Qaeda abroad when we as America allow this and do NOTHING!
Or is the REAL Al-Qaeda in Control of America NOW?
May God Help us ALL!
This is ONLY the TIP of the Iceberg on what this Government has been doing to its People.
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