Monthly Archives: April 2019

A brief history of recent US financial frauds.

Most of us have been there where our lives have been slammed by the frauds created on Wall Street.

This is my story of that history, replete with the #DamnedFacts and citations.

Yes, I was almost one of those examples of perfectly normal, perfectly responsible folks becoming homeless through zero fault of their own… let me tell you a little story of oligarchy and Kleptocracy which I know tens of millions of other folks are still experiencing on a daily basis.

See, it’s like this…

Throughout my life I’ve been told that I need to save for retirement and I did. I used small savings and loan banks initially because I believe in keeping my money working in my community. I also invested in the stock markets because that was the only way to beat inflation which I had access to.

So I saved from day 1 of my working life. In 1986 I’d built about $20,000 after 8 years in the work force. The Savings and loan crisis stole all but $6,000 of that and it “vanished” into the gaping maw of Wall Street.

By 1995 I’d built my own business and was doing quite well. By 2000 I owned a home, and had over $100K in my retirement savings, most of which was invested in Wall Street via a Wall Street managed retirement investment account. Then came the Dot-com bubble. It wasn’t just the highly speculative Dot Com companies which failed here. It was also most of their supposedly “safe investment” suppliers and vendors, and the suppliers and vendors of those companies, which got killed as the dot commies tanked hard and quit buying anything while they filed for bankruptcy protection.

The auto manufacturers, dealers, and home builders (along with all of their, now laid off, employees) got hit hard too because suddenly no one was buying cars or homes.

We literally had Master Carpenters and other high level, highly skilled, tradesmen who had been earning over $45/hour (equivalent to $72.84 now in 2017) roaming the streets of better neighborhoods knocking on doors and trying to find ANY rat work at $15/hour.

Because of those Wall Street created ripples I lost well over $60,000. Also at this time the gal I’d bought the house with (whom I’d been with over ten years) found an old high school flame, and decide she’d rather do him… so we split. The one saving grace here was that we weren’t married and didn’t have kids so I didn’t get screwed on the house too badly. I did take a year “off” where I worked just enough to cover my bills, in order to recover my sanity and sort my life against the values/conditions I’d been living in. I also quit drinking at that point… but that’s another story.

Now… what’s interesting here is that in this latest ’06 crash the company managing my investments for me (because I can only be expert in so many things) lost not one stinking dime* from this crash, and not one of those highly paid “expert” persons ever went to prison. * Yea, they missed some profits, but they didn’t “lose” their capital through their gross negligence in allocating my investment money, and are now bigger than ever. Plus the laws are rigged so that I couldn’t even try to sue them to recover the losses they caused me with their gross, intentional, negligence and blatant fraud in selling me Reverse Derivative REIT stocks.

Goldman’s SEC Settlement by the Numbers: We Do the Math — ProPublica

So… I took my year and change off, went down to southern California with a buddy and lived the easiest life I could for a bit. At this point I’d lost over 2/3 of my hard won retirement money twice in under 20 years, and was completely fed the fuck up with Wall Street’s Three Card Monte,* lies of saving my way to retirement. In each of those three decades I’d have been far better off had I played that money at the black jack tables in Vegas or Atlantic City. The odds at black jack then were such that the House walked away with about 20% instead of the +60% Wall Street had stolen from me… twice now.

*Three Card Monte Scam (Tutorial) aka: Wall Street

So after I got my heart and life sorted a bit in 2001, I left for Oregon because I was fed up with the rats in a wheel lifestyle of California and wanted to get far away from the big cities which breed that crap. I landed in Lapine, Oregon and found work immediately with an HVAC company. It paid well and I was doing fine. I started saving again but in a credit union because with Wall Street, as with Three Card Monte, if you can’t see the sucker sitting at the table you’re playing then you’re the sucker. I watched the housing bubble build, and wasn’t worried because I wasn’t in Wall Street. Then in ’06 the bubble Wall Street and their fraudulent bankers had built from scratch using fraudulent A and AA risk ratings “popped” The Big Short

Here’s what allowed this reverse derivatives fraud (which these Shitweasle fraudulent bankers sold into our retirement portfolios through the back door)“happen” and you can thank Reagan and Slick Willie for it.

https://youtu.be/ssl5yb7FewA

I still wasn’t worried about the now $48,000 I had left over from the two prior rip offs (of almost $80,000 in capital) by Wall Street because not a dime of it was in Wall Street. Boy, howdy, was I wrong. It wasn’t just the fraudulent sector of the market with the (Wall Street created) bubble and their suppliers that crashed this time. It was the ENTIRE fucking world economy they crashed. Everything on Main Street just flat died. For 8 long years no one living on Main Street, or depending on it, spent a single fucking dime that they didn’t absolutely have to, because they didn’t have it to spend. Wall Street got bailed out, had big partys, took their fucking bonus money out of OUR fucking bail out dollars and then sequestered (aka: sat on) the rest of it because “it was just too risky” to lend us OUR OWN GOD DAMNED MONEY.

I lost my job to “downsizing” and because of the tens of millions thrown out of work the same way, there were ZERO available jobs except at the very bottom of society (cooks, cleaners, etc); plus there were dozens if not hundreds of applicants for every single job opening no matter how shitty the wages and working conditions. People with PHDs and folks like me with 20 years experience and Batchelor’s degrees were “unhireable” because we had too much experience (aka: we might have the utter gall to demand more money if we increased a company’s profits).

I survived, but ONLY because I’m a multi talented country boy and an excellent cook. I still knew how to live cheap, and I had that $48k.

Many folks, a great many, didn’t survive this corporate fascist created shit show and were driven into living in mom’s basement, or couch surfing friends homes. I was one of those friends who had couch surfers when I could.

I moved to a trailer park, filed for unemployment, filed bankruptcy in ‘05, and figured I’d be ok until this Banker created shit storm for fun and profit blew over.

If you haven’t seen the Big Short watch it now. These fuckers knew EXACTLY what they were doing with reverse derivatives, and our “regulators” did too. Yet everyone kept completely silent about it until ordinary people started back tracking… even then not ONE of these fucweasle twatwaffle financial rapists ever went to prison. Nor did ANY of the regulators who turned a blind eye to CYA for them. Not. One. Still.

Thanks Obama!

Back to the story… yes, I survived… sort of. Construction was dead, any form of building was dead, so I took my diagnosis skills and eventually found a decent job fixing restaurant equipment and later commercial laundry equipment too. I met a gal who was in the process of losing her home to these banksters and moved in with her in ‘07. The bank apparently forgot about her until 2010 and so we stayed there rent free until I was able to buy a place in January of ’11 with my VA loan benefits. A bit after we moved to my place she decided she wanted more excitement and bailed. We got missed because they were just too damned busy here: Inside the Foreclosure Crisis

You would not believe the utter bullshit I had to go through to buy this home.. but that’s also another story of chicanery, carpet baggers, and outright fraud attempts.

Things are still tight, but doable, and y’all best brace yourselves because there’s another set of Wall Street created bubbles that’s about to bust which is 4 sided. Those sides are:

  1. Auto Loans Why The Auto Loan Bubble Matters
  2. Student Loans More Than 40% of Student Borrowers Aren’t Making Payments
  3. Shopping Mall Financing http://investmentwatchblog.com/theres-a-1-trillion-bubble-thats-ready-to-burst/
  4. Fracking and Exploration finance Is $10 trillion bubble ready to burst?
  5. Do you SERIOUSLY think, after our experience in ’08 to now with the housing bubble, that this shit isn’t being done on purpose? If so I’ve got 4 one acre parcels of beach front land in Central Oregon for sale. Just $150 K a piece!
  6. Oh, and the housing bubble may be back too.. Another Housing Bubble?
  7. Fucking Shitweasles.

Even better here’s a fresh look at another aspect of that Three Card Monte Scam which both sets of Party Brass use to ass rape us without our realizing it… Dems And GOP Work Together Like A Boxer’s 1–2 Punch To Knock You Out

Oh… and Obama even ass raped us on his way out too. Remember all those homes the banksters stole with their reverse derivatives fraud? Yea, they’ve been sitting on them and Obama, on his way out the door, gave them a way to dump those homes into shell corporations so they can be rented back to us, instead of being forced to sell them cheap, so they can comply with the mandated stress tests by getting these non performing assets off their books..

https://www.nakedcapitalism.com/2017/01/the-obama-administration-bails-out-private-equity-landlords-at-the-expense-of-the-middle-class-government-guarantees-for-rental-securitization.html

Some fucking legacy there.

Even at this the shenanigans continue. My VA compliant loan has been through 5 “servicers” now (none of which I agreed to or had anything to say about) and each one has tried really, really, hard to convince me that their fucking “rules” “somehow” over-ride the legally binding protections I have which are written in to the terms of the loan. If I wasnt a complete asshole or I didn’t read law and contracts the way most folks read Ludlum, they would have screwed me out of my house by now… and I’d be homeless. Lord knows they’ve tried. One of those many protections, and the one they seem most annoyed with is that they may not legally declare me to be late with a payment until after the 16th of the month. They’ve literally tried everything to get me to give that up, including offering conventional FNMA 30 year refinance loans at around 2%.

Fucking Shitweasles

Not one bit of this was my fault in any sense. From Clinton’s Republican and Citibank written Bankruptcy “Reform” Act (which completely gutted Our ability to start fresh if we got under water), all the way through Obama ignoring the 7th Amendment in those Rocket Docket fraudulent foreclosures, to Obama giving banksters a way to dump the homes they stole off of their books using shell REIT corporations; every last bit of it was done actively by these bribed to treason Congresscritters..

https://youtu.be/5tu32CCA_Ig

And it was DONE to service the corporate profits of these corporate fascist bastards at Our expense.

This Chart Shows The Bilderberg Group’s Connection To Everything In The World

At this point I’m surviving, but I’m 56, I’ll never get to retire, and I’ll likely have to work until I drop dead… if, that is, I’m not made homeless first.

For anyone who wants to “blame” me for any of this I say fuck you, come stand in my shoes and those of my neighbors.

Come talk to me bud, I’ve got facts; whole thundering herds of them. Obama’s TRUE legacy

I’ve watched this shit be done by Congresscritters over the past +50 years now, and I’m not buying any of your bullshit excuses and obfuscation.

Thou shalt not commit logical fallacies

Here’s your signs:

Ilya Wolf’s answer to Is the free market to blame for the 2008 Financial Crisis?

Was 9/11 the result of a conspiracy?

TL:DR We don’t know and can’t currently prove whether 9/11 and/or some elements of it were a conspiracy or not..

However; on a scientific level the NIST Report to Congress with its 50 some redacted pages is utter bullshit. Given the long historical Record on CIA/OSS thuggery, General Wesly Clark’s 2007 public statements about the 7 planned wars, and the Record on events like Bay of Pigs, Iran Contra , MK ULTRA , Operation Mockingbird , Air America, and Project Northwoods, I wouldn’t be a bit surprised to find out that it was a conspiracy, but only long after the perpetrators are dead or beyond prosecution.

In any case I have zero doubt that elements of “our” government would even hesitate at murdering 3,000 citizens or 30,000. Consider the costs to us of the current #Wars4Profit. Consider the costs to ordinary citizens of Vietnam or Korea or the current war mongers “declaring” the Golan Heights to be “part of Israel” in direct contravention of 6 decades of international law and treaties.

How nuts does one have to be to believe that the Bush administration was behind 9/11?”

Not very. In fact, not at all… These types of False Flag operations have been attempted several times before and the W.T.C. “event” looks and stinks of the exact same murderous hubris advocated by members of our military industrial complex in 1961.

http://m.youtube.com/watch?v=0T-X1KKsUzw

Also consider the book “Confessions of an Economic Hitman”

Then consider that virtually the entire nation was demanding the use of RICO against the (now proven intentionally fraudulent) bankers who wrecked our economy for their profit and “our government F’ing bailed them out.

Then consider this: In the recent Cromnybus Bill Citibank rewrote Dodd/Frank to allow continued gambling with derivatives and the reverse derivatives which crashed the entire world economy from 2006 to 2012 using our federally insured deposit money.

Last but not least:
Here’s a whole series of scientists, engineers, fire investigators, high level military, and others who all say that every single “fact” created by Congress and N.I.S.T. out of whole cloth is a complete and utter lie.

https://m.youtube.com/watch?v=hWiusdy1miI

None of the “sciencey sounding stuff” quoted in the Congressional Report matches up with actual Physics, or Engineering. The videos, and eyewitness reports, of the towers falling look and sound exactly like descriptions of buildings being intentionally pancaked (demolished) into their own footprint, to the point that several witnesses described it that way… and then in the days following were silenced.

https://m.youtube.com/watch?v=QA9r9sHXs8A

Add to this the supposed “fact” that an aluminum skin and frame 747 supposedly “cut” a large portion of 1 1/2″ thick wall steel columns in W.T.C., and the supposed fact that a 757 at over 20 feet diameter supposedly “folded itself up and vaporized” into a 13 foot wide hole in the Pentagon.
A cruise missile is about 13 ft. In diameter (I’ve seen them both up close and personal)… Occam’s Razor folks…

Nor, does any of the Facts, Evidence, Citizen testimony, or Videos match up with the N.I.S.T. claims… in point of Fact one of the folks who tested the floor mockups to “prove” the pancake theory of the collapses calls those “test results” a lie. Just days later he is fired and the N.I.S.T. story line changes dramatically for a fourth time.

Add to these Facts the Fact that never, in the entire history of the world has any skyscraper, whether struck by a plane or not, “fallen down,” much less actually pancaked into its own foot print without destroying buildings just 100 feet away.

http://m.youtube.com/watch?v=eem7d58gjno

Note the striking similarities between acknowledged demolition and the W.T.C. “falling down”.

If you follow the money, the Bush Family are, and were, large stake holders in Halliburton along with several other arms manufacturing corporations; which corporations were bribers (oops… I mean “campaign contributors”) to the Bush Jr. And Cheney campaigns. Even better, Cheneys’ Halliburton “earned” ++$39 Billion in very “convenient” no bid contracts over the course of the subsequent war and, at least $22 million of those profits were directly due to fraud which a Federal Court buried the evidence of…

If you actually follow the money and ask “Cui Bono?!” Repeatedly, it’s a very short hop to believe something was extremely hinky about the whole situation, and that Bush, Cheney and the Criminals In America had a hand in it.

Now, if after this logic and Fact you still doubt that our government would do such a thing, get and read a copy of “Confessions of an Economic Hit Man”

If you still doubt, consider that from 1968 to 1998 (that we know about) the C.I.A. was the largest expediter and importer of illegal drugs.

Or….

http://en.m.wikipedia.org/wiki/List_of_federal_political_scandals_in_the_United_States

If after all that you still have any belief that our government is actually working for Citizens, there is no hope for you. Sorry.

It seems evolution may be working

Recently a rhino poacher was stomped by an elephant and then eaten by lions as steak tartar. Is evolution working here?

That a rhino poacher was stomped by an elephant and then made into steak tartar by lions may well be evidence of Evolution In Action.

TL;DR You’re going to have to ask the elephant in the room.

I sincerely hope it is evidence of that premise.

From the article https://www.bbc.com/news/world-africa-47843999

Sadly, since we don’t currently have any usable tools for opening a discussion with either the elephant or the lion about their motivation here, we can’t prove whether it’s evolution or something else operating. We also can’t prove whether they conspired, or if the elephant simply acted on their own out of pique and left the new carcass to its own luck.

Personally, I’d attribute it to Quick Karma biting him in the ass.. Deservedly.

Nope folks, this isn’t a joke.

I’m completely serious in my assertion that we honestly can’t determine whether or not this glorious event is the result of the evolution of species. It may well be, and I honestly hope it is.

Elephants are extremely smart critters even with the lack of opposable thumbs. They’re also known to be affectionate and gentle towards folks who show them kindness, and they’re able to bear long term grudges against those who harm them or their families.

Ever heard the expression “An elephant never forgets!” or “They have the memory of an elephant!”? Guess where that idea came from..

Fact or Fiction?: Elephants Never Forget

Elephants have amazing long term memory and I suspect are able to plan as well. I can’t prove it, but I’ve worked intimately with horses over two decades during my younger days and I can guarantee to you that horses (which aren’t as intelligent as elephants) absolutely can plan and they teach each other a great many things our hubris wouldn’t believe. I’ve seen it in action IRL.

The other issue here is that nasty old bugaboo: human hubris. We are taught from childhood (indoctrinated IMO) to believe that we’re the “smartest animals” simply because we have opposable thumbs and use mouth noises for language, when in reality the only thing those facts really tell us is that we’re able to communicate with each other over distances which exceed the grasp of our relatively puny senses.

Whence from here?

A legitimate case could be made that we humans are actually the stupidest of animals for the simple reason that we are the only animals on the plant who’ve willingly destroyed the entire ecology which sustains us. Empirically, that’s a dumb move on the level of sheep, lemmings or starfish. When we contrast that against elephants who plant trees with their feces.. Well what can one say?

If you’re upset that I’m fairly disgusted with my fellow humans I’ll ask you to look hard at the 2016 election where we had, as our only “legitimate” “choices,” a corporatist “vs” a corporation.

Yea, SMDH and Jesus WEPT people.

Note: It ain’t “cynical” when there’s ample evidence.

Sorry/ Not Really tho.

More to the point; I’m just sorry if those #DamnedFacts hurt. Besides that I couldn’t care less about feelers.

I’m a damn Aspie and am not wired that way.