Thursday, April 03, 2008

If We Had Memories, We'd Remember The 30s

As thousands of poor souls are trying to get their retirement money back after the collapse of asset-backed commercial paper (ABCP) notes, I have mixed feelings for them.

On the one hand, these are regular, hard-working, trusting individuals who thought they were investing conservatively in what amounted to a sure thing. These people have been directed by financial advisers, banks, money managers, etc, to invest in these "low-risk" investments after watching ads showing their friendly, non-threateningly pudgy banker as someone who can "join the family," or "earn your trust."

On the other hand, I am tempted to say that they got what they deserved. As callous as that sounds, it is true: the information has been out there for all to find that there is no such thing as a low-risk investment and that this - or any other disappearance of investment capital can happen at any time without warning. More to the point: that it is part of a deliberate scheme that has repeated throughout history.

Now, to be fair, if only truthful history and finance were taught in school, or if these subjects were covered regularly and truthfully in our news media, I'm sure that almost none of these people would have invested in the first place. Who would invest their hard-earned in a system that is set up to steal it?

Historically, in the good times the stock market is a place of complicated and exclusive dealings of the super-elite.
Then, suddenly, one sees a massive increase in the baiting of average Joes to get into the stock market. Take the massive increase in financial services advertising in the last ten years - or, especially, in hugely misleading and baiting day-trader advertising - services such as E-Trade have exploded out of the gates, getting their services up and running almost as soon as the servers for the commercial Internet were built, then dropping ads that male you feel as if using E-trade will make you rich overnight (when, in fact, just like any form of gambling, the vast majority of investors lose money to the house in the long run).

This type of baiting has only meant one thing in history: CRASH. The common people are used to float the boat as high as it will go, then they are liquidated when it sinks. The attempted bail outs of the 30s, 80s, and 90s (and soon the 2000s) accomplished nothing - the market still ended up bottoming out - except protecting the paycheques and payouts to the boards of the corporate perpetrators of these scams.
The Bear-Stearns and S&Ls of the world are bailed out - while Average Joe is screwed. People's entire portfolios (and even cash bank accounts) are liquidated.

Perhaps now people will wake up, learn about how these banksters are scamming them, remove all their money from the fiat banking system, and buy silver and other precious metals. Because, when it hits the fan, you'll still be able to buy clothes and food with silver.

Don't believe us? Just try buying anything with your ABCP investment now!

8 comments:

Anonymous said...

Bush pushed and McCain favors putting the social security insured benefits into the stock market....another guarantee that the rich would end up with all the money we have saved and own us lock, stock and barrell...to the salt mines, citizen!

Enjneer said...

Well said, citizen!

Anonymous said...

...yah sure, then they label you a "gold hoarder" and confiscate your gold.

Anonymous said...

If the majority of Americans actually had memory cells they'd remember what they did five minutes ago.

Anonymous said...

To not be labeled a Gold Horder is easy:
1) Do not deposit your gold in a traceable manner (i.e., financial institution)
2) Don't declare it on your taxes. In fact, you should have already stopped filing your taxes (seeing as how the IRS and the Federal Income Tax Act are proven to be illegal)

Anonymous said...

When the zionist international banker cabal bets on the ignorance of the american people, they typically rake in cash hand over fist.

Enjneer said...

So true, anon.

BUT

We must remember that 'zionists' are just one facet of this cabal... a sub-cabal, so to speak. They might even be a front - a complete sham - to distract us and get us caught up in the whole web of anti-semitism.

In the end, the only thing these people care about is ownership... power. Religion, race, creed are nothing to them.

Anonymous said...

Unbacked paper money is the root of all these evils. Fiat Money, yet another infringement on our rights by the gov't. Add it to the ever-growing list of violations:
They violate the 1st Amendment by opening mail, caging demonstrators and banning books like America Deceived (book) from Amazon.
They violate the 2nd Amendment by confiscating guns during Katrina.
They violate the 4th Amendment by conducting warrant-less wiretaps.
They violate the 5th and 6th Amendment by suspending habeas corpus.
They violate the 8th Amendment by torturing.
They violate the entire Constitution by starting 2 illegal wars based on lies and on behalf of a foriegn gov't.
Write in Dr. Ron Paul and save this great country.