ranting in the key of life
The stock exchanges of the free world are little better than pyramid scheme sellers.
Stocks and shares are worth nothing.
Stocks and shares are worth nothing because the board members of stock exchange quoted companies give themselves free money and free shares for doing nothing. The integrity of shares as a repository of value has been shattered.
Banks and financial institutions have gained a strangle hold over the governments of the free world.
Banks and financial institutions have gained this strangle hold by a variety of methods.
The governments of the free world have allowed the pension funds of the citizens of the free world to be entirely invested in the stock exchanges of the free world. Cashing in these pension funds would immediately collapse the stock exchanges of the free world. Governments are trapped in this market whose great men pay themselves millions of dollars a year for doing nothing. And now the governments of the free world are trying to postpone the inevitable reality check by throwing free money at the banks, at the financial institutions and at the stock exchanges. It's a mistake.
The governments of the free world obtained investment advice regarding the pension funds of the citizens of the free world from stock brokers, financial services companies, and banking corporations who had a vested interest in getting the governments of the free world to put everybody's money into the worthless stock markets of the free world.
I repeat. Propping up stocks and shares will not save them. Stocks and shares are glorified pyramid selling. The stock markets of the world are about to collapse. The stocks and shares have been rendered worthless by the practices of the board members of stock exchange quoted companies who have been paying themselves ten lifetimes of wages in one year for doing no work; and by the practices of the board members administering the stock exchanges themselves. (Such as the head honcho at the New York Stock Exchange who four years ago paid himself a hundred million dollar severance fee.)
The Chairman of Bank Of Ireland received a total of 4 million quid in pay and bonuses for a year's work in 2007. The year's work he did in 2007 left Bank of Ireland apparently facing total imminent collapse without government backing this year. I oppose the Irish government's underwriting of the Bank of Ireland.
Board member Lochlainn Quinn of Allied Irish Bank had a spare thirty million quid to buy a vineyard in France some years ago. What exactly do the board members of AIB do to earn their vineyard money? Certainly as an Irish citizen I am opposed to my government's support for AIB. If the bank really was making the profits it's been declaring for the past two decades, it should be able to support itself.
In the United States a company called AIG last year lost five billion dollars in one field of investment alone. This five billion was overseen by a particular fund manager. Only the low rent Daily Mail has had the courage to hint at what really happened at AIG. The Daily Mail put inverted commas around the word "losses" when describing the particular trader's activities which led to the five billion "losses" in his division at AIG. If you want to steal millions of dollars, the best way to do it is to mask your theft with massive losses in what appears to be legitimate trading. This was amply demonstrated a decade ago by the rogue trader Nick Leeson at Barings Bank. Imagine you have five billion to invest. All you have to do is inform a friend where you're going to invest that money. The friend can then make financial bets and speculations based on what he knows you're going to do. You may lose the five billion but the inflow of five billion into any fund, into any commodity (say oil for instance where banks were the leading speculators driving up oil prices recently), such an inflow of five billion dollars must drive up the price in the short term. The company you work for "loses" five billion. You and your friend make untold millions. Most of us would turn our noses up at such behaviour. Yet our governments are underwriting the financial companies whose incompetence has allowed their employess to indulge in it. The banks and financial insitutions have found no way to prevent their fund managers from robbing them in this way. This is why banks and financial institutions like AIG are collapsing. Giving them free money from government is not going to save the economies of the Western World. Giving free money to incompetents and thieves has never helped any economy.
Stocks and shares are worth nothing.
Stocks and shares are worth nothing because the board members of stock exchange quoted companies give themselves free money and free shares for doing nothing. The integrity of shares as a repository of value has been shattered.
Banks and financial institutions have gained a strangle hold over the governments of the free world.
Banks and financial institutions have gained this strangle hold by a variety of methods.
The governments of the free world have allowed the pension funds of the citizens of the free world to be entirely invested in the stock exchanges of the free world. Cashing in these pension funds would immediately collapse the stock exchanges of the free world. Governments are trapped in this market whose great men pay themselves millions of dollars a year for doing nothing. And now the governments of the free world are trying to postpone the inevitable reality check by throwing free money at the banks, at the financial institutions and at the stock exchanges. It's a mistake.
The governments of the free world obtained investment advice regarding the pension funds of the citizens of the free world from stock brokers, financial services companies, and banking corporations who had a vested interest in getting the governments of the free world to put everybody's money into the worthless stock markets of the free world.
I repeat. Propping up stocks and shares will not save them. Stocks and shares are glorified pyramid selling. The stock markets of the world are about to collapse. The stocks and shares have been rendered worthless by the practices of the board members of stock exchange quoted companies who have been paying themselves ten lifetimes of wages in one year for doing no work; and by the practices of the board members administering the stock exchanges themselves. (Such as the head honcho at the New York Stock Exchange who four years ago paid himself a hundred million dollar severance fee.)
The Chairman of Bank Of Ireland received a total of 4 million quid in pay and bonuses for a year's work in 2007. The year's work he did in 2007 left Bank of Ireland apparently facing total imminent collapse without government backing this year. I oppose the Irish government's underwriting of the Bank of Ireland.
Board member Lochlainn Quinn of Allied Irish Bank had a spare thirty million quid to buy a vineyard in France some years ago. What exactly do the board members of AIB do to earn their vineyard money? Certainly as an Irish citizen I am opposed to my government's support for AIB. If the bank really was making the profits it's been declaring for the past two decades, it should be able to support itself.
In the United States a company called AIG last year lost five billion dollars in one field of investment alone. This five billion was overseen by a particular fund manager. Only the low rent Daily Mail has had the courage to hint at what really happened at AIG. The Daily Mail put inverted commas around the word "losses" when describing the particular trader's activities which led to the five billion "losses" in his division at AIG. If you want to steal millions of dollars, the best way to do it is to mask your theft with massive losses in what appears to be legitimate trading. This was amply demonstrated a decade ago by the rogue trader Nick Leeson at Barings Bank. Imagine you have five billion to invest. All you have to do is inform a friend where you're going to invest that money. The friend can then make financial bets and speculations based on what he knows you're going to do. You may lose the five billion but the inflow of five billion into any fund, into any commodity (say oil for instance where banks were the leading speculators driving up oil prices recently), such an inflow of five billion dollars must drive up the price in the short term. The company you work for "loses" five billion. You and your friend make untold millions. Most of us would turn our noses up at such behaviour. Yet our governments are underwriting the financial companies whose incompetence has allowed their employess to indulge in it. The banks and financial insitutions have found no way to prevent their fund managers from robbing them in this way. This is why banks and financial institutions like AIG are collapsing. Giving them free money from government is not going to save the economies of the Western World. Giving free money to incompetents and thieves has never helped any economy.
posted by heelers | 1:14 AM
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