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Monday, 04/26/2004 11:57:52 PM

Monday, April 26, 2004 11:57:52 PM

Post# of 3317
This old piece is a great example of why one should not post under the influence of powerful psychotropic drugs...

Penny King Calls Homeless Rally in D.C. in front of Fed Res Building (english)
by thepennyking
Email: thepennyking (at) yahoo.com (unverified!)
Address: 201 Professional Drive phone: 301-455-3192 Current rating: 0
24 zá? 2000

copy of article from old system

24/7 vigil in front of fed res bank in building with one chant, "Show us the money".

Found under http://www.iexchange.com "thepennyking"
He is "The Penny King". He began investing in penny stocks 20 years ago. He triggers mergers/acquisitions, tender offers, plays the global currency exchanges, starts friendly takeovers, and consolidations. He donates 100% of what he and his group of investment advisors generate in the stock, bond, options, deriviatives and currency markets to the Free and Clear Foundations of Earth, International. The Foundations in turn perform two functions with the money. First and foremost, they buy pennies from homeless people for a nickel each. They buy nickels from poor people who earn less than $12,000 per year for a quarter each. They buy quarters from middle class folks for a dollar each. And they buy Liberty Dollars from wealthy people for a Benjie, that's a Ben Franklin $100.00 bill. (All this cumalitive activity over the past eight years has caused some interesting things to happen in the foreign currency markets, including 130 central banks recently attempting to prop up the Euro). The mission of the Free and Clear Foundations, a supersized version of Habitat for Humanity, is to clear the earth of all Debt within the next decade. Secondly, they loan up to 80% of the purchase price for a single family owner occupied home for principal only, meaning Zero Interest MortgagesTM, or Principal Only MortgagesTM. (ZIMs or POMs). The Foundations, through their advisors and brokerage networks, make a market in the mortgage backed paper to foreign investors who are seeking a hedge against the surging dollar. The Foundations offer any company acquired by "thepennyking" these programs as an employee benefit. The Foundations are the largest stockholder of Penny King Productions, Inc., and the Free and Clear Bancorporation. Penny King Productions also has a large stake in the Bancorporation, whose only current subsidiary is "The Bank of Pen". The Foundations, through their affiliations around the world, have established the Free and Clear Fund, a private offshore fund, which pools funds from investors in 200 countries outside the United States, to be utilized as an M&A Fund. Donations to the Foundations are also used on an interim basis in this fund, currently around $11 billion. In 1993 his personal assets were around $2 billion. Today, his assets would be in excess of $29 billion, however, his fortune is managed from offshore locations and trusts, all of it donated to the Free and Clear Foundations of Earth and managed by him, its' Senior Trustee. He was a banker in the mortgage industry in Seattle for ten years. He has worked for dozens of industries including publishing and film in Los Angeles. He is an accomplished author of several books under different "pen" names and is an expert "punster". He enjoys making people wealthy, if they are willing to donate half of what he has showed them how to earn, to the Free and Clear Foundations. There are 66 organizations globally. If he likes the company he doesn't want to just own a couple of shares, he wants to own all of them, and utilize the company's stock as a currency to fulfill his mission in life, to rid the planet of debt. He likes to create wealth for the greatest possible number of good people. He can be in and out of a stock within seconds so this site does not reflect real time positions or trades. For up to date data you can go to www.investorshub.com and under "Stock Clubs" "Long Term" and click on "The Penny King's Free and Clear Fund" He asks that you give away half, just like "The Greatest Salesman on Earth", a book by Og Mandino, a book he highly recommends you read in order to understand his investment philosophy. As the Senior Trustee of the Free and Clear Foundations of Earth, International, he is responsible for managing a portfolio in excess of $35 billion. He has owned off-shore banks, many Canadian and US companies, knows real estate inside and out, and is Magyar, (Hungarian) like George Soros, one of his favorite mentors. (the only living person on the planet in history so far to have made $1 billion in one day by shorting currencies. His other favorite mentor is Nikola Tesla, the Croatian inventor of alternating current patents sold to Westinghouse in 1893 for $1 million. Currently, he is working on over 1000 merger deals simultaneously, some of them penny stocks, some of them large multinational deals like Deutche Telekom, Telecom Italia, France Telekom, British Telecom et al. He favors a consolidation in the REIT, Banking, Financial Services, Computer, Technology, Entertainment, Publishing, Health Care and Telecom industries. He has been talking to numerous telecoms about a new technology called ThoughtWareTM, which allows humans to communicate with computers and phones etc without a mouse, keyboard, keypad or VRT, just a thought! If you don't believe that such a technology already exists and is being improved upon and rapidly advanced take a short visit to www.ibva.com. He generally values a company at ten times book value, which is usually his tender offer price, unless he sees some hidden extra value in a company. If the company is trading under book, he tends to jump on it. If it is way over book, like Amazon and Yahoo, he is short for short periods (one to three days). He tends to buy in Europe and sell in the United States, and is short the Yen, Euro, and 200 other currencies at different times throughout the day or night. His profits from these currency transactions provides the means to buy more pennies, nickels and quarters from the public through the Foundations. He forcasts that a single global currency (the World Dollar) will eventually evolve, replacing even the U.S. Dollar, which will be the last one to go, and a Free and Clear (debt free) planet will be the end result. He agrees with Michael Miliken, the former junk bond King, that the coming rapid technological changes shall be as miracles and wonders to all of us. He recently recommended shorting 5 trillion yen to the Foundations. A few days later, Japan's Central Bank raised its rates for the first time in 10 years. His letters to certain U.S. financial institutions preceeded the current consolidation in the financial services sector. Some of his letters to various boards and investor relations people, and proposals, are published here for all to see. Companies that have obtained copies of the prospectus for merger and consolidation are noted in the body of the postings or at investorshub.com. Currently he is working to consolidate over 1000 different companies into one, and merge 84 major global financial institutions into the Free and Clear Bancorporation, the only bank to recieve a license for Zero Interest MortgagesTM from the Foundations. He is an advisor to many foreign governments on how to get out of debt, increase productivity, and build a Free and Clear Society. Your reading of his reports contributes and assists in that cause. To gain further insight into his investment philosophies, he recommends you read George Clason's book, "The Richest Man in Babylon", written just before the last depression, or all the books written by George Soros. His favorite quote is, "God Blesses You a Trillion Times Per Second". A full copy of his Red Herring prospectus will soon be made public on the Internet, as soon as the portfolio is firmed up. The postings herein are not offered as investment advice and is solely published by the Free and Clear Foundations as free information. He is currently, through the Foundations and other foreign organizations, negotiating to buy all of the outstanding debts of the United States Government and restructure them so they can be paid off within 48 months, thus increasing the value of the dollar even further. 40% of the national debt is owned by foreigners. In response to the recent intervention on the Euro by the various elements who oppose a Free and Clear Earth, he has begun to market a special commemorative gold backed penny at eBay.com. Item #443695033. The Foundations plan to export about 600 billion U.S. pennies to the Chinese over the next 24 months. That's only 600 pennies per person or $6.00 for 1 billion people. "Save your pennies", is his best advice


http://prague.indymedia.org/newswire/display/9941/index.php



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