Did this man commit treason and criminal activity to talk the middle class into putting their savings into the stock market in a round-a-bout way? I wonder what else he has written...going to research!
@Licmycat I don't think the author of this book was totally responsible for that. But there's a lot of fine print that goes into financial agreements (both savings and mortgages) with ordinary people that we are not likely to investigate. When these low interest rates on mortgages and a housing boom that never seemed like it was going to end, people didn't really stop to investigate what the banks were doing. They would hit a wall of mathematical jargon even if they did!
Wouldn't the Main Street comment in the book be a prediction that something like the government bailout after the recession would happen? Where private companies would be kept afloat by taxpayers' money?
@mikem1234 Hmmm....something to think about. Kinda sounds like it was planned that all the middle and lower class people would be plundered if they could steal their money on the market. I'm thinking the year he wrote this was the year that bushie tried to steal the Social Security money by putting it on the stock market. Is this growing into a full-blown war? That would be proof of the moral reason for a war. More research to do. ThXs so much for ur thoughts!
@Licmycat I agree, but it was an ongoing process, it didn't just happen all of a sudden in a big mega-grab. Banks lent money at subprime interest rates under the direction of Alan Greenspan and the Fed, backed by rating agencies that lowered their standards. Goldman Sachs executives testified in congress that they knew the mortgages and financial assets they'd created were going to fail - they profited from it. In your country, there is no distinction between savings banks and investment banks.
@mikem1234 Yes, I had to struggle to be unbiased on this as I didn't really see anything that showed his thoughts on it one way or another. I have more books on this subject to study and expect the truth to come out. As it is, Wall Street people are doing really bad things and it looks like they have been funding foreign terrorists who may be doing jobs here for them, as things affect their markets on things that causes big damages and fears. Nobody wants to talk about that.
@Licmycat Do you mean in how they bring in foreign investors who will play all kinds of financial games and hinder states' powers to serve regular peoples' interests? Or are you talking conspiracies here, outside the normal capitalist system?
@mikem1234 Yes. That's why we have such similar probs as other nations. J.P. Morgan want's to go global and the richest people on Wall Street look to be selling and buying from each other to keep the money between themselves and fooling middle-class and poor to put their money into it. Which they keep of course. You can get a good idea from Jordan Belfort in his books; "The Wolf Of Wall Street", and "Catching The Wolf Of Wall Street."
Unfortunately alot of state leaders have been throwing tax payer monies into that market as well and hurting their own people in the state. On Wall Street they are working feverishly to do away with our gov. and destroy any laws and morals. We have domestic terrorists who are our rich funding foreign terrorists as well in the market. And, they get a way to make money off what terrorists do in this country. Gouging has become their way of life. This is a very dangerous time for our nation.
@Licmycat They did trade government (Treasury) bonds with big financial players like Goldman Sachs, at least during the "quantitative easing 2": /watch?v=PTUY16CkS-k
@mikem1234 ThXs for that link. Yes, and there are gov. agencies on the stock market who people can easily use to steal big bucks. Fannie Mae and Freddie Mac. I'm currently reading a book with a lot of details; " $700 Billion Bailout" by Paul Muolo. He is a freelancer who has been on many Media's news on Finances. Details are the clean-up tools these days, aren't they? :) Gambling on the stock market is a no-no for our gov. I hasten to add. That needs to be nipped in the bud too, I believe.
Plus, I've been around a lot of crooks in my life-time mostly small ones but big ones in this state. They don't want you to know anything at all if it's possible to do with u doing their work or making it so complicated most people wouldn't understand any of it even if they read it. That is a crooks way of stealing. And they are using anyone they can pay off to do. Like manpower temp company here in Okla. I can't get a job now because I've been black-balled for being honest and Whistle-Blower.
the republicans throw Jesus name all over the place... they use Jesus in elections especially... i have no problem with Jesus, it is the church and the BIBLE that i want nothing to do with...
@IChoseTheRedPill Yes, I know what you mean. They make GOD and Jesus look bad to cover their very sinful crimes against our people and nation. Someday everyone who has made such a mockery of our Lord and pushed people away from Him will pay....ThXs so much for ur comment. Nice to see u again too. Have a lovely Sunday evening. :)
Did this man commit treason and criminal activity to talk the middle class into putting their savings into the stock market in a round-a-bout way? I wonder what else he has written...going to research!
Licmycat 7 months ago
@Licmycat I don't think the author of this book was totally responsible for that. But there's a lot of fine print that goes into financial agreements (both savings and mortgages) with ordinary people that we are not likely to investigate. When these low interest rates on mortgages and a housing boom that never seemed like it was going to end, people didn't really stop to investigate what the banks were doing. They would hit a wall of mathematical jargon even if they did!
mikem1234 7 months ago
Wouldn't the Main Street comment in the book be a prediction that something like the government bailout after the recession would happen? Where private companies would be kept afloat by taxpayers' money?
mikem1234 7 months ago
@mikem1234 Hmmm....something to think about. Kinda sounds like it was planned that all the middle and lower class people would be plundered if they could steal their money on the market. I'm thinking the year he wrote this was the year that bushie tried to steal the Social Security money by putting it on the stock market. Is this growing into a full-blown war? That would be proof of the moral reason for a war. More research to do. ThXs so much for ur thoughts!
Licmycat 7 months ago
@Licmycat I agree, but it was an ongoing process, it didn't just happen all of a sudden in a big mega-grab. Banks lent money at subprime interest rates under the direction of Alan Greenspan and the Fed, backed by rating agencies that lowered their standards. Goldman Sachs executives testified in congress that they knew the mortgages and financial assets they'd created were going to fail - they profited from it. In your country, there is no distinction between savings banks and investment banks.
mikem1234 7 months ago
@mikem1234 Yes, I had to struggle to be unbiased on this as I didn't really see anything that showed his thoughts on it one way or another. I have more books on this subject to study and expect the truth to come out. As it is, Wall Street people are doing really bad things and it looks like they have been funding foreign terrorists who may be doing jobs here for them, as things affect their markets on things that causes big damages and fears. Nobody wants to talk about that.
Licmycat 7 months ago
@Licmycat Do you mean in how they bring in foreign investors who will play all kinds of financial games and hinder states' powers to serve regular peoples' interests? Or are you talking conspiracies here, outside the normal capitalist system?
mikem1234 7 months ago
@mikem1234 Yes. That's why we have such similar probs as other nations. J.P. Morgan want's to go global and the richest people on Wall Street look to be selling and buying from each other to keep the money between themselves and fooling middle-class and poor to put their money into it. Which they keep of course. You can get a good idea from Jordan Belfort in his books; "The Wolf Of Wall Street", and "Catching The Wolf Of Wall Street."
Licmycat 7 months ago
Unfortunately alot of state leaders have been throwing tax payer monies into that market as well and hurting their own people in the state. On Wall Street they are working feverishly to do away with our gov. and destroy any laws and morals. We have domestic terrorists who are our rich funding foreign terrorists as well in the market. And, they get a way to make money off what terrorists do in this country. Gouging has become their way of life. This is a very dangerous time for our nation.
Licmycat 7 months ago
@Licmycat They did trade government (Treasury) bonds with big financial players like Goldman Sachs, at least during the "quantitative easing 2": /watch?v=PTUY16CkS-k
mikem1234 7 months ago
@mikem1234 ThXs for that link. Yes, and there are gov. agencies on the stock market who people can easily use to steal big bucks. Fannie Mae and Freddie Mac. I'm currently reading a book with a lot of details; " $700 Billion Bailout" by Paul Muolo. He is a freelancer who has been on many Media's news on Finances. Details are the clean-up tools these days, aren't they? :) Gambling on the stock market is a no-no for our gov. I hasten to add. That needs to be nipped in the bud too, I believe.
Licmycat 7 months ago
Plus, I've been around a lot of crooks in my life-time mostly small ones but big ones in this state. They don't want you to know anything at all if it's possible to do with u doing their work or making it so complicated most people wouldn't understand any of it even if they read it. That is a crooks way of stealing. And they are using anyone they can pay off to do. Like manpower temp company here in Okla. I can't get a job now because I've been black-balled for being honest and Whistle-Blower.
Licmycat 7 months ago
Hence, I honor Whistle-Blowers. ThXs so much for ur comment, more to think about. Have a lovely evening. Blessings. :)
Licmycat 7 months ago
the republicans throw Jesus name all over the place... they use Jesus in elections especially... i have no problem with Jesus, it is the church and the BIBLE that i want nothing to do with...
nice to see you again...
Kensho
IChoseTheRedPill 7 months ago
@IChoseTheRedPill Yes, I know what you mean. They make GOD and Jesus look bad to cover their very sinful crimes against our people and nation. Someday everyone who has made such a mockery of our Lord and pushed people away from Him will pay....ThXs so much for ur comment. Nice to see u again too. Have a lovely Sunday evening. :)
Licmycat 7 months ago