one of best posts i ever read,,,still is ,,..
newparadigm Saturday, 08/11/12 05:16:32 PM
Re: Daylas post# 4794
Post # of 9180
Regarding securities Knight naked shorted/counterfeited that are still trading if they should rise in price drastically someone has to buy them back even if Knights gone.
For example I use TDA and I do own securities I know have been shorted , Knight goes under the pps of security XYZ goes up and I sell at current market bid/ask TDA has to buy my securities or I can issue a news release under their ticker symbol via my legal representation announcing TDA sold me fake shares, TDA will not allow this to happen or their stock would plummet as fast as KCG.Knight may also have to hold a bond on these short positions and the bond issuer would be liable(not certain on this aspect)
Ironically I do own fake shares in TDA that I can prove were created in large part by Knight and on numerous occasions the people in the settlement dept claimed they have NEVER heard of Knight as a MM and are un sure if TDA uses them. LOL recently they admitted they do and even produced 3 share audits for me that indicate which mm created or sold said electronic digits(something they claimed was impossible unless the SEC mandated them to do it). I am persistent and did indeed receive interesting information regarding whom sold me "shares" TDA loves to say "WE DONT SELL SECURITIES, WE JUST MATCH YOU UP WITH SOMEONE" which technically is true but UM ER all my digits are held in TDAs accounts for me in street name. I do not "own" any shares nor does anyone else, the DTCC is the actual owner who keeps those magical shares in a safe place for TDA for me.
Anyone thats up on the history of fractional reserve lending should remember the goldsmiths of long ago held your gold and gave out a receipt, after many years the gold keepers realized 90% of the gold was always in the vault and only 10% was ever out in circulation, soooooo they decided to steal the bulk of the real gold, keep 10% on hand for the public to exchange, and fractional reserve lending (COUNTERFEITING) was born!
Today any bank thats part of the nonfederal reserve takes their reserves and magically multiplies that by a minimum factor of 10 (it fluctuates and can be much higher)They create money out of thin air.
Simple terms Joey sixpack locks his savings up in bankscamco and that bank lends out 10 times that amount (air money)and charges interest on it say average 8% x 10 =80% interest and gives Joey 1% back.
Your shares(electronic digits invented by Bernie Madoff) are held by TDA at the DTCC to keep them "safe" legally you do not own anything.
The DTCC is a self regulating criminal cabal that can and does hide all the evidence and has been rumored they even refuse majority shareholders(51%) of said company from seeing their records.
Thank GOD they did away with those old pieces of paper that can be verified I mean after all who can tell one electronic digit from another...or a few billion?
Add in the SEC, an agency created after the engineered crash of 1929 to create the illusion of oversight!
Secretive....oh so secretive and for decades they seem to miss the boat on thousands of Bernie Madoffs even when they are being handed all the proof they need to crack the case, they say golly we iz just undermanned and or stoopid? Shucks wheeze sorry but PULEEEZE keep allowing the same bozo clowns to run this charade, after all we are experts and stock thangs are complicated and the common folks dont understand them big words, YUK YUK
CANT COMMENT ON ONGOING CASES ITS ALL SUPER SECRET STUFF BUT TRUST US ANYHOW.
No the word secret is repugnant and is employed to cover criminal actions , coverups and collusion.
The SEC is a total fraud on a grand scale, not everyone who works there however is bad, they control investigations at choke points and the subordinate wild eyed young lawyers all gungho to do whats right are manipulated to comply or be fired, those who play ball the correct way leave and get a nice job sitting on the BOD of a company they once "regulated" or looked the other way, those who do not comply get fired and one former employee (lawyer) sued the SEC and won, got a large payoff and forced the SEC to prosecute a high profile case with buddies that were politically connected. VERY interesting case, google and read Pandora's box has been open for some time.
Sorry for the rant but our system is systematically corrupt to the core and by sharing the truth we are making a difference.\
Peace and Profits