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The Circle of Greed: A Voice in the Wilderness

By Mark Faulk
Feb. 13, 2006

What is a turning point in history? The dictionary defines it as “the
point at which a very significant change occurs; a decisive moment.”

In every battle, every cause, every war, there is a turning point. At
the time, that turning point might be obvious to only a few involved
individuals, but the significance of those moments in history are
undeniable. Some turning points involve positive developments, while others
are the result of negative forces going "too far."

Critical mass is the scale or volume at which processes become
self-perpetuating. The minimum amount of people with shared understanding or
needs to tip the balance and instigate change.

In the past few months, the Stockgate issue has reached it’s turning
point, it has achieved critical mass. A call to arms of the North
American Securities Administrators Association, a newfound ally in
Overstock.com CEO Patrick Byrne, and continued efforts by advocates for stock
market reform such as Dave Patch at investigatethesec.com, Bob O’Brien at
the National Coalition Against Naked Short Selling, The Faulking Truth,
and a few dedicated individuals.

Today, critical mass found its voice in the unlikely form of the CEO
of Eagletech Communications, Rod Young, who has battled to expose the
fraud that has been allowed to run rampant on Wall Street for years.
Young did what so many of us have wanted to do over the past years, he told
the SEC, face to face, that they are complicit in defrauding America,
and that the burden for reform rests squarely on their shoulders, and
the shoulders of our Congressional leaders.

It was classic David vs. Goliath, and David won again. IN fact,
Goliath didn't even bother to fight back. The SEC ignored the larger issues,
and tried to bury the evidence yet again, killing the companies who
have been victimized instead of addressing the larger issue of stock
counterfeiting, failed stock deliveries, and massive fraud perpetuated at
all levels of our securities system.

While the SEC hid their collective faces in the sand, and continued
their mission of attack and destroy, and cover the tracks with
disinformation, Rod Young had this to say:

“I believe that the SEC, the DTCC, the Federal Reserve, and members of
Congress all share responsibility for failing to respond to tens of
thousands of complaints of wrongful conduct from victimized companies and
their shareholders. Those failures have unwittingly facilitated an
unlawful market manipulation on a scale unimagined by any previous
experience.”


Read the rest of this article at:
http://www.faulkingtruth.com/Articles/Investing101/1051.