Why I Don’t Own Stocks or Bonds

Dear Readers,

This is not a “financial blog” but rather an “information blog” – therefore I do not dispense financial advice here.  Instead, I relay information that I feel is important and beneficial to my readers.

I don’t wish to dramatize my insignificant (and blessedly brief) career as a retail stockbroker, or the other work I have done for some of the biggest Wall Street banks, or the time I spent in the employment of THE biggest bank (and swindle operation) of them all.  I merely want to state that I have worked in and around Wall Street for much of my career.  I have hung out with brokers, dealers, pitchmen, and head muckety-mucks.  I understand exactly what makes these people tick……and that is why I do not own a single stock or bond, nor do I participate in a 401k plan.

It is quite simple.  Our financial system is a rigged game, run by criminals.  These criminals don’t wear hoodies and carry blackjacks.  They wear pin-stripe suits and carry briefcases.  And they rob you of much more than a two-bit street thug could ever dream of!

Oh I know full well you *can* make money with stocks, bonds and mutual funds.  I know it *is possible* to score big with hedge funds, derivatives trading, commodity speculation and currency arbitrage.  I know bonds (especially “guaranteed” ones) do give many people a warm fuzzy feeling deep inside.

But I also know that whatever elusive “winnings” you might squeeze from the Wall Street casinos…in the long run you will lose and they will win.  Unless you are an anointed insider, tied into the power-structure –  whatever gains you achieve, when factored against inflation and taxes, doesn’t even come close to the risks you took by trusting your money to psychopathic criminals

For me, *real* wealth = paid-for real estate, gold & silver bullion (never paper bullion!) and certain other tangible goods that I can see, touch, and control.  If you already have all of those things (and no ridiculous car or credit-card or student-loan debt) and are just swimming in piles of income, then knock yourself out, spin the Wall-Street roulette wheel if that floats your boat.  But never fool yourself into thinking you know more than the criminals running the show.

Casinos do not last long if they fleece EVERY customer that walks through the door!  Casinos need a few scattered winners so they will tell their friends about all the money they won at the casino.  This insures a steady stream of suckers.   Casinos love to hang posters of the “big-winners” holding their over-sized cardboard check in the lobbies of their gambling halls.  The average schlub can look up and fantasize that maybe one day they too will get to hold a big cardboard check and grin ear-to-ear while shaking hands with “The Donald.”

It is all a rigged game.  Run by professional criminals.  And I choose not to participate.  I will keep and control what I have, to the best of my ability, thank-you very much.

Just so you know I am not some bitter investor that lost a bundle on the market (indeed, when I *did* participate…I actually made money.  And I was completely out of the market long before it tanked) here is some information I hope you will check out.  It really is amazing.

First up, we have an interview with Max Keiser.  Max Keiser invented a trading system that was purchased by Cantor Fitzgerald.  He is a broadcaster and financial pundit and has an excellent track record of being right.

I have never heard a former Wall Street “insider” rip to shreds the criminal Wall Street players as passionately and completely as Max Keiser does in this interview:

Next up, I offer you a very informative essay.  I hope you will read it.

Everyone needs to do what they feel best with their money and their financial future.  Whatever you decide, I implore you to research for yourself anything you put your money into!  No one will look out for your best interests but yourself.  If you don’t understand something….for goodness sake, don’t throw money at it!  Most importantly, never, ever trust Wall Street and their minions.  Exploit them if you can, but just like a regular casino…the longer you play their game….the better the odds for the house!



From The Lew Rockwell.com Blog:

How the New York Stock Exchange really works

Posted by David Kramer on August 19, 2009 08:34 AM

Richard Ney on the Role of the Specialist

“The story is told that after he had been deported to Italy, Lucky Luciano granted an interview in which he described a visit to the floor of the New York Stock Exchange. When the operations of floor specialists had been explained to him, he said, ‘A terrible thing happened. I realized I’d joined the wrong mob’” (1Ney, 8).

It was with these words that Richard Ney began his first of three books on the nature of the New York Stock Exchange. Ney wrote over 20 years ago, a time when a 750 Dow was high and today’s volumes were beyond imagining. Some of his material is dated, and must be read in the light in which it was written. But the main premise of his books is still true: that the specialist exists not to ensure the free and orderly trade of stock in a particular company, but to fatten upon the innocence and ignorance of the small investor.

The New York Stock Exchange is not an auction market (2Ney, 86), though many investors still hold onto that image. It is a rigged market. Volume is an effect of price. Prices are controlled absolutely by the specialists, the ‘market makers’ in individual stocks. It was this discovery that led Mr. Ney to eventually give us small investors a priceless gift: enlightenment.

“Studying the transactions in each stock, I became immediately conscious that, on too many occasion to be a coincidence, a stock would advance from its morning low and then, often during the afternoon, would show an up-tick of a half-point or more on a large block of anywhere from 1,500 to 5,000 or more shares. This transaction seemed to herald a transformation in what was taking place, for immediately thereafter the stock would begin to drop like Newton’s apple. Before I could find out what caused this, another question presented itself: What caused the same thing to happen at the low point in that stock’s decline? For it was also apparent that a block of stock of the same size often appeared on a down-tick of a half-point or more, after which the stock quickly rallied. Together these two facts seemed to give a stock’s pattern continuity. At the end of several days of investigation, I discovered that these transactions at the top and bottom of a stock’s price pattern were for the specialist’s own account. … Clod that I was, I had at last recognized that, although the study of human nature may not be fashionable among economists, it is never out of season” (2Ney, 9).

The specialist is part of a system. First, he is part of that rare fraternity of men who are all specialists in an exchange. It is a small private club, to whose membership one can only be born. The specialists of the Dow 30 exhibit the spirit of ‘all for one, and one for all’. If one of the 30 is having problems, the other 29 wait for him, before they move onto their next agreed upon campaign (2Ney, 172). The rest of the specialists take their lead from watching the Dow 30.

But the system is more extensive and more powerful than just the specialists. The specialists are the heart of the exchange. The exchange, in turn, has practical control of the major corporations, banks, insurance companies, and brokerage houses in this country. These, in turn, influence news reporting and the regulatory agencies.

The specialist has many advantages, many tools to use to pry dollars from unsuspecting investors and mutual funds. Chief among these advantages is his book. In his book he can see at a glance all the buy and sell orders from the public and the funds. His book tells him of potentially massive sales above and below his current price. This gives him a great advantage when he is trading on his own investment and omnibus accounts.

Because of his book, the specialist sees shifts in trends long before anyone else. This gives him a great advantage. The specialist will buy heavily at the bottom of a slide (at wholesale) then advance prices and sell, at heavy volume, at the peak of the rally (retail). He will then sell short and take prices down. The turning points of a rally will be marked by heavly volume in the Dow 30 (3Ney, 85-89).

When he desires he can even make large block trades without entering them into his book. In this way the public is never made aware of those trades. Should the specialist want to supply a buy or sell order from his own accounts, rather than from public orders on book, he can and will do so (1Ney, 156). Ney cites specific examples when his customers orders were ignored while the specialist completed orders for his own accounts.

When serving as the market maker, the broker’s broker, the specialist trades from his Trading Account, which is to be used to service the needs of the market. However, he also has Investment Accounts (plural). His Segregated Investment Accounts put him directly into competition with every other investor in his stock. The reason for he has segregated investment accounts is that they enable him to convert regular income into long-term capital gains (1Ney, 113).

In addition, he also trades on Omnibus accounts, taking orders from a friendly bank on behalf of friends, family, and himself (1Ney, 58). Although he is not allowed to be both long and short in his Trading account, he can take the opposite stance in his Investment or Omnibus accounts (3Ney, 130).

A Specialist will often not have any shares in his trading or omnibus accounts. If public demand for shares suddenly increases, the Specialist is more than happy to supply those shares to the public by short selling. This, of course, forces the Specialist to take the price down soon thereafter, so that he may cover his short sales at the lower price. Or, the Specialist may sell from his Investment Accounts, establishing a middle or long term high (1Ney, 61), and then take the price down. Whichever strategy he employs, a large public demand for stock ultimately drives the price of that stock down, not up.

Distribution of large amounts of stock can be done from the specialist’s trading account, usually as short sales. The trading account can then be covered by transferring stock from the long-term investment accounts into the trading account (1Ney, 64).

The existence of the specialist’s Investment and Omnibus Accounts is ultimately detrimental to the public. “In a stock with only a small capitalization or floating supply, the segregation of large blocks into long-term investment accounts for the specialist further decreases the supply of the stock available to the public” (1Ney, 61)

The specialist has absolute control over price. He can match the buys with the sells in any way he sees fit. He can raise the price of the stock 3 points in three trades, and open the next day down 5.

The seeming unpredictability of stock prices is due to the fact that prices exist at the whim of the specialist. A stock is only worth what the specialist is willing to pay for it at the moment. The fluctuations you see are, in fact, the evidence of how the specialist is working out his inventory problems to meet his short-term, intermediate-term, and long-term goals (2Ney, 172). The specialist will sometimes ‘leap frog’ his prices up or down, creating a gap. This is done to keep a group of investors from buying or selling at a particular price. ‘Leap Frogs’ show specialist intent.

Ney offers specific examples where specialists opened stocks considerably lower:
August 8, 1967 Chicago and Northwestern Railroad opened down 39 points.
October 21, 1968 one of the preferred stocks of TRW opened down 28 points.
February 4, 1970 Memorex opened down 29 1/2 points (1Ney, 15)

“With $8,000, you can buy $10,000 worth of stock, but with $8,000 in stock, any Stock Exchange member can buy $160,000 worth of stock for his own segregated investment account” (1Ney, 112).

Because most investors have margin accounts, and the margin account agreement allows their brokers to lend their shares, specialists have an unlimited number of shares to borrow and sell short (1Ney, 68).

Margin agreements also allow the broker to use their customer’s shares as collateral without the customer’s knowledge or permission. This practice is fraught with dangers. In November, 1963, the Ira Haupt brokerage firm (NYSE), which dealt in both stocks and commodities was caught unwittingly in a scheme by one of its commodities customers to leverage nonexistent salad oil. The failure wiped out the partners of the firm and left it owing some $37 million in debts. “To compound Haupt’s and the New York Stock Exchange’s problems, it was impossible to return the stock to customers because the stock (held by the brokerage firm for its customers) had been pledged to banks by Haupt” (1Ney, 122).

Margin accounts usually allow the broker to borrow any cash in the account to use for his own purposes at no interest, even to lend back to the customer for margin purchases, at interest (1Ney, 119).

At the bottom of a cycle of a stock, having panicked customers into selling, the brokers and specialist borrow the customers’ money to make their own long-term purchases; using their advantageous margin to acquire large amounts of stock. At the top of the cycle the process is reversed. Customers are paid back their money by the brokers and the specialist selling their shares to customers at a profit. The insiders even have extra cash to loan customers for margin purchases (1Ney, 136).

Another powerful tool for the specialist is the short sale. Though the specialist is responsible for 85 percent of the short selling done in a stock, the Exchanges are loathe to print any timely data on specialist short sales (2Ney, 94)(3Ney, 234). The specialist uses the short sale to control both downward and upward movements of stock (3Ney, 88).

The private investor or mutual fund can only sell short on an up- tick. The up-tick rules serves only to trap the public into selling short at the bottom, as the specialist drives the price down without a single up-tick for the public’s use (1Ney, 72). But the specialist need not even create an up-tick to sell short. The SEC has been careful not to publicize its rule 10a-1(d), in which sub-paragraphs (1) through (9) exempt the specialist from the up-tick rule (2Ney, 97)(3Ney, 126, 215).

The Securities Exchange Act of 1934 prohibits pegging, the act of artificially holding a stock’s price at a certain level for the advantage of the person or persons doing the pegging. However, SEC rule X-9A6 (1940) allows pegging by specialists in order to ‘maintain an orderly market’ while a large-block distribution of shares is taking place (2Ney, 117).

The specialists and brokers hold shares “in street name” for investors, and therefore can vote the proxies for those shares. Officers in a corporation must report to the SEC any trading they do in the shares of their own company. Yet the Specialist reports his profits in trading the shares in that same corporation to no one (1Ney, 54-55).

The specialist, one of his partners, a friendly broker, their lawyers, or their bankers, often sit on the company’s board of directors, which makes the specialist privy to information before the average trader. Where an officer of a corporation is held strictly accountable to the SEC for his use of ‘inside information’, the specialist and fellow brokers are accountable to no one (1Ney, 54-55).

“It is an ideal situation. When you control a corporation’s proxies, everyone is sympathetic to your point of view and your choice of directors. This is the other reason why nearly every major corporation listed with the Exchange (NYSE, M.T.) has a broker or a broker’s banker on its board. It gives the exchange a pipeline to that corporation” (1Ney, 90).

Large brokerage houses, large banks, and the New York Stock exchange use dummy corporations as fronts to hold large portions of stocks in corporations. A list from any large corporation of its largest stockholders will be a roll of these very dummy corporations, who show up on list after list of major stock holders in America’s largest corporations (2Ney, 19-23).

The intertwining of interests runs even deeper when the relations of Wall Steet’s top Law firms are examined. For example, in 1974 the New York Stock Exchange’s legal counsel also represented Chase Manhattan Bank. Both entities, through their dummy corporations, were large stockholders in scores of major U.S. corporations (2Ney, 26).


“The bankers’ man, Senator Carter Glass, who steered the Federal Reserve Act through Congress in 1913, had maintained that the Federal Reserve banks would be merely ‘lenders of money.’ The only collateral they were to accept was notes that could be paid when, in the course of business, goods and services had been manufactured and distributed. However, almost from the day of its inception, the Federal Reserve System set about making loans on common stocks” (1Ney, 103).

Who sits on the Federal Reserve Board? … Chief officers of banks and corporations, all of whose companies are controlled by the Exchange (1Ney, 103-105).

Billions, perhaps trillions of dollars worth of stocks are now held by banks as collateral for loans. This too works to the advantage of the specialists. For, to protect their interests, banks will issue stop orders to sell the stock before it falls below a certain price. The specialist holds those stop orders in his book and therefore knows exactly where a large number of shares can be had, and at what price they can be purchased. One quick sweep down those ranges of prices will deliver to the specialist the inventory he desires for short and mid-term purposes (1Ney, 101).

On June 30, 1934 President Roosevelt appointed Joseph Kennedy to be the first Chairman of the SEC. Only 4 months before, Kennedy, along with Mason Day, Harry Sinclair, Elisha Walker, and others were found to be responsible for operating ‘pools’ that were actively manipulating stock. When these, “poolsters withdrew and the boom collapsed the administration denounced the men who operated them” (1Ney, 215). But what’s a little denouncement between friends?

The stock markets had been headed downhill since December of 1968. On May 26, 1969 a party was held at the Nixon White House. In attendance were John Mitchell, Maurice Stans, Peter Flannigan, thirty five guests from Wall Street, fourteen industrialists, seven bankers, five heads of mutual and pension funds, and two heads of insurance companies. The next day a bull rally began on Wall Street. May 27th saw the Dow Jones 30 average rise by 5 per cent in one day (2Ney, 71).

On April 17, 1971, President Nixon, who along with Attorney General Mitchell had been a Wall Street lawyer (Maurice Stans was a broker), appeared for photographs with friends from the New York Stock Exchange. Nixon recommended the public to invest in the market. By April 28th the market was in a steep decline. Nixon circulated, “to 1,300 editors, editorial writers, broadcast news directors, and Washington bureau chiefs a list of the stocks of ten corporations that had advanced during the past year” (2Ney, 32).

There is a revolving door between the exchange and Washington. SEC Chairmen ‘retire’ to go to work for the Exchanges or major brokerage houses at many times their government salaries (2Ney, 50-63). SEC Chairman Hamer Budge was found by Senator Proxmire’s investigation to be making frequent trips to Minneapolis to confer with officials of IDS. IDS was under investigation at the time by the SEC. After leaving the SEC, Budge took the position of Chairman of the Board with IDS (2Ney, 56).

It is highly unlikely that we will see news reports critical of U.S. stock exchanges, or of the specialist system. There is a simple reason for this. All news organizations are corporations and do but reflect their management’s views. Corporations that own media have specialists influencing the choice of management. Newspapers, magazines, and television are but extensions of the corporate world.

When Richard Ney’s first book, The Wall Street Jungle, came out it was on the New York Times best seller list for 11 months. Yet the New York Times would not review it. The Wall Street Journal refused to take an ad from a New York bookstore that featured The Wall Street Jungle (2Ney, 30).

All three of the major networks were wary of having Ney appear. NBC banned only two people from appearing on the Tonight show with Johnny Carson: Ralph Nader and Richard Ney. Not only do large banks, brokerage firms, and corporations advertise on television, they also are the largest stock holders (2Ney, 33- 34).

The specialist should be thought of as a merchant with some rather unique inventory problems and opportunities. His goal, always, is to buy at wholesale prices and to sell at retail. This applies to his actions in the course of trading day as well as a year of trading.

At the bottom of a slide the specialist will buy heavily for his trading, investment, and omnibus accounts. His goal then becomes to raise the price of his stock with his wholesale inventory intact. In practice, though, he may have to sell shares to meet public demand. This will cause him, then, to lower the price to re-accumulate his inventory before he can proceed to higher levels.

A rally begins while the price of the average stock is still falling. “Major rallies begin and end with the unexpected,” (3Ney, 184).

To stimulate public demand for his stock, near the high the specialist will raise the angle of the rising prices dramatically for the stock. True to one of Ney’s axioms that prices beget volume, the public will rush into the market place at the rally high. The specialist can now sell his accumulated inventory to fill the increased demand. Heavy Dow 30 volume at the high is evidence of heavy short sales by the specialists (3Ney, 113).

When the specialist has sold all his inventory, and has sold short, he will then begin a downward slide of prices so necessary to his plans. Slides are a mirror of rallies. Near the bottom, the specialist will increase the angle of price decline, alarming investors, scaring them into selling their shares to the specialist who needs them to cover his short sales, and to build a new inventory at wholesale. The media will remain bullish, or cautiously optimistic throughout a slide, until the last two weeks, when they will turn suddenly bearish (3Ney, 158).

Specialists in the most active stocks will require more time than their fellow specialists to move stocks up or down, or to cover at the top of a rally or the bottom of a slide (2Ney, 84-85).

Specialists may use a rally as a ’stalking horse’ for a later rally. Price is used like a geiger counter to locate volume (3Ney, 149).

During the typical bear market, or slide, the specialists will usually bring prices up on Fridays, to keep investors hopes alive (2Ney, 92).

Leaders of the rally in the Dow 30 will often act as ’screens’ for the price declines of the other 24 or 25 Dow stocks.

Each stock exhibits its own distinct pattern or rhythm of price behavior (2Ney, 189).

How can you spot the nadir of each high and low? Ney says to look at volume very closely. In particular look at the volume of the individual Dow 30 Industrial stocks (2Ney, 171). Get to know these specialists’ habits. Follow what they do. Patterns of behavior will emerge.

Ney emphasized that a sense of timing was critical for survival in the market (2Ney, 149).

Ney was convinced that detecting Specialist short selling was a key. Specialist short selling at the peak of a rally should be detectable through increased volume.

Richard Ney used charts extensively. Ney was quick to point out that what is really being measured in his charts is not the behavior of the masses in the marketplace, but the techniques of the specialist in an individual stock as he maneuvers to solve short-term, intermediate-term, and long-term inventory problems (1NEY, 259).

Ney points to the gaps in prices that develop when a specialist is trying to ‘catch up’ with the market. These gaps, be they up or down, signal specialist intent (2Ney, 172).

“Investors assume that what happens in the economy or to the corporation in terms of earnings or sales determines the trend of stock prices. … The most misleading element in this type of analysis is that it ignores the basic needs and motivations of the specialist system” (2Ney, 150).

We, as consumers react to certain critical numbers. Specialists know this. Specialists use the 10’s (10, 20, 30, etc.) and 5’s (5, 15, 25, etc.) in their strategies. They will use these numbers to elicit heavier buying or selling from the public. Often too, though, they will avoid critical numbers to avoid buying or selling stock when they do not wish to do so (2Ney, 155-156 & 163).

1. Do not buy the acknowledged leader in a field. Buy the number 2 or 3 company. These companies are more likely to be subject to bull raids by the specialists (1Ney, 298).
2. “Nothing puzzles me more than an investor’s willingness to pay more than fifty dollars a share for stocks. Buy low priced stocks. It’s percentages you’re after and you’ll get them in these stocks in a bull market” (1Ney, 298).
3. Invest only in stocks listed on the NYSE.
4. Do not buy secondary offerings from your broker.
5. Buy only stocks whose prices have fallen at least 35 to 50 percent.
6. “The rule, ‘Cut your losses and let your profits ride,’ was invented by a broker” (1Ney, 298).
7. The average investor need not worry about tax brackets, so do not hesitate to sell at a profit. “A short-term gain is better than a long-term loss” (1Ney, 299).
8. Own your stock. Do not use margin.
9. Do not sell short.
10. Do not allow your stock to be borrowed (via a margin account; M.T.)
11. Credit balances should be immediately transferred to your bank.
12. Do not leave your stock with your broker in street name.
13. Invest only in growth oriented, not income, stocks.
14. 4 to 5 stocks in a portfolio is plenty.
15. Make arrangements with your bank to receive your stock.
16. If there has been a major advance from the summer lows, look for the public to begin selling 6 months hence.
17. Big block sales at the end of a run-up (usually marked by heavy volume) marks the imminent decline in price.
18. Look for bull raids in May, up from the April 15th tax low.
19. Never enter stop or limit orders.
20. If you are interested in a stock, learn its specialist’s habits.
21. Stocks that are ideal for bull raids are those that decline as close as possible to an angle of 45 degrees.

Works Cited:
1Ney, Richard. THE WALL STREET JUNGLE, fifth printing. New York: Grove Press, Inc., 1970.
2Ney, Richard. THE WALL STREET GANG, third printing. New York: Praeger Publishers, Inc., 1974.
3Ney, Richard. MAKING IT IN THE MARKET. New York: McGraw-Hill, 1975

[The source for this essay is here. I posted my version of the entire essay because I edited out comments that the author Michael Templain made that I disagreed with, i.e., I felt he didn’t grasp fully what Ney had written. You can read the original essay for yourself in order to make up your own mind. If you decide to read the books, read them in chronological order. They are impossible to find in a library, and are very expensive to buy used.]



16 Responses to “Why I Don’t Own Stocks or Bonds”

  1. ericswan Says:

    On June 6, 2000, NASA claims they crashed the largest satellite ever launched called “Compton”. They lied. Compton was part of a worldwide communications network called TDRSS. Hubble and Chandra make up the triangulation. Not only did we lose the citizens eye in the sky, they turned that eye into the illuminati’s ace in the sky. With that satellite in their pocket, Hubble in the Vatican’s pocket and Chandra in the pocket of Military Industrial Complex, world trade took on a whole new milli-second market which was controlled by your favorite banksters and Deutsche Bank. This is what has been going on with this recent “theft” from Goldman of proprietary software which in fact was the uplink to Compton.

    1776..I wonder if you remember the Montana Power scam where the citizens of Montana traded their self-suffiency in their hydro-electricity for stocks at the top of internet bubble? A commissioner working for the citizens got the board for Montana Power to trade their self-suffiency in electricity for the entire state for AOL, Netscape, bubble stocks etc?

    I love the post. Keep up the great work. Incidentally, my suggestion to you and others is an investment in grains, beans, nuts and seeds. Good for your lifetime and maybe your grandchildren will have something they can count on too.

  2. solsburyhill Says:

    Has anyone noticed the next chapter in the Madoff ponzi-saga? Madoff reportedly dying of cancer in prison!

    Don’t you think for a minute that Madoff will serve his last days in prison. Of course, the corporate media will tell you that Madoff has died of cancer in prison. However, after having succesfully accomplished the first act of this media distraction par excellence and taken full responsibility for this gigantic and complex scheme, there are other plans for him in the second act.

    In other words, Madoff will offically “die” in prison, and shipped out some place where he will be given a new identity.

    Don’t forget AIPAC…..



  3. clark Says:

    Stockholm Syndrome is right! And this applies to a few other things currently going on too. “The people” *are* seemingly behind and support the efforts of the Paris Business School Professor in the video. “The people” want what lets them keep everything they have and a basket currency is presented as doing that – no matter that it’s a shell game – no one who has something to lose will acknowledge such.. “The people” don’t care who is getting ripped off to get this done, even IF they are the ones getting ripped off, so long as they think they get to keep theirs in the end. “The people” in many nations, but the USA in particular, have become a nation of vipers ready to suck the lifeblood out of everyone else in order to maintain their illusion of wealth and happiness even if it’s a vain attempt that will end in their own downfall while enriching the powerful elites.

    Vipers are unable to see where this path we are on leads to, they are oblivious because of their greed, lust, avarice, gluttony and sloth. It’s no wonder that the alternative, a gold backed currency, is presented as being, “it’s too late for gold” what better way to make a basket of currencies seem like the only option?

    That Max guy, he is the bomb, he gets it, so very few want too.

    The, “Specialist” appear to be firmly in control, momentarily, of an oiled pig.

    @eric, things just keep getting more and more bizarre, their own separate communications system, psft – you make me think of an old Star Trek episode where the rulers lived in the clouds above the worker peons. Such is our world, eh?

    @solsburyhill, …or Madoff will be released due to his illness? The precedence has already been set with that bomber in the UK being released due to his terminal condition. Just a thought.

    @FF, that was a long and intense article, took me forever to finally finish reading it. If it took me this long, most average people will never ever read it. Too bad, it was worthwhile. I’m sure glad I never got into stocks, and after reading this, I feel less bad about not doing so.

  4. ericswan Says:

    NASA says these clouds are strange..


    I have to agree.

  5. clark Says:

    Wow, spectacular photo eric. So that’s what it looks like from the air. Now, multiply those times fifty or so and you have an image of the sky over the Midwest many days. I’d trade all the money I ever made to have never seen these, “clouds.”

  6. ericswan Says:

    thinking about the Olympics?

    Great prices on these tickets! Feb. 12, 2010
    Section and Row Our Price Available
    Section: CAT B Row: N/A
    Delivery in 2010
    $3,299.00 5321 purchase

    Section: CAT A Row: N/A
    Delivery in 2010

    I bring this to your attention as Feb. 14, 2010 is the Chinese New Year for “Metallic Tiger”.

    Rights go out the window to create a seamless 2010 circus

    Proposed Vancouver city bylaw takes dead aim at anyone who might express a contrary view or protest during the Winter Olympics

    By Daphne Bramham, Vancouver SunJuly 21, 2009

    In the flush of bidding for and winning the right to host the Olympics, nobody talked about how staging them might mean limiting civil liberties.

    It’s only now, with seven months until the 2010 Winter Games begin, that organizers and compliant politicians are revealing plans to make it more difficult to exercise our fundamental constitutional rights to free speech, peaceful assembly and free expression.

    For months now, police have been knocking on the doors of known activists and tracking them down in their neighbourhoods to “chat” about their Olympic protest plans. But that’s only part of it.

    An omnibus bylaw that staff insists is “critical to the success of the Games” goes to Vancouver city council today.

    The bylaw relaxes rules for Games-related events, limits free expression and speech in public and private spaces, and grants sweeping discretionary powers to Mayor Gregor Robertson and City Manager Penny Ballem to do whatever is “warranted,” “necessary or desirable” to ensure the Olympics’ “safety and security” and “protection of commercial rights.”

    It also claims none of this is intended to impact political expression or the right to lawful protest.

    That might not be the intent, but it may be the result. And rather chillingly, we may never know whether any of this is legal because there’s little time left for anyone to initiate a court case against these rights-challenging changes before the Olympics begin in February.

    Here are some examples of what’s in the bylaw:

    – It would allow the right to search anyone and their bags at any of the six designated “city sites.”

    Those include the Vancouver Public Library’s main branch, the Roundhouse Community Centre, Queen Elizabeth Theatre and David Lam Park.

    – It would prohibit anyone at a city site, who would “cause any disturbance or nuisance interfering with the enjoyment of entertainment on city land by other persons.”

    Neither ‘nuisance’ nor ‘disturbance’ is defined and the bylaw isn’t clear whether police or private security will be enforcing the rules.

    – The bylaw grants authority to install closed-circuit cameras and set up airport-type security at all city sites.

    – To ensure that the inevitable protests will be quiet ones, megaphones, amplification devices or “anything that makes noise” that might interfere with the celebrations are banned at city sites.

    – Only signs licensed by the city are allowed at city sites.

    – City-licensed street performers won’t be allowed along the designated Olympic corridors, celebration sites or near the venues. They will just have to find somewhere else in the city to entertain. Because, heaven knows, they might say or do something undesirable.

    Only Vanoc-approved performers will be in the high-traffic areas during the Games.

    – No leaflets, pamphlets or flyers with commercial content can be distributed at the celebration sites, along pedestrian corridors leading to Olympic venues or streets in the immediate vicinity of the venues.

    The aim is to “create a halo effect,” reducing the potential for so-called ambush marketing by companies that aren’t Games sponsors, according to the staff report to council.

    But it’s not clear who will be determining what is commercial and what is political. In addition, the city manager would have the power “to make other rules if warranted” for the sites.

    – No vehicles can carry exterior advertising on city streets. Buses are exempt, but Vanoc has already purchased all that advertising space.

    – Construction hoardings are expected to be targets for an increased number of posters and graffiti, which the report describes as “a nuisance and eyesore.”

    Both must be removed immediately or the city will move in, clean up and charge the owners. This is to ensure that — as the report says — Vancouver “puts its best ‘look’ forward for the Games.”

    The bylaw’s preamble says the aim is to create “a fair and reasonable balance” between “the rights and privileges which citizens of the city customarily enjoy” and enhancing and securing the 2010 Winter Olympics.

    But as B.C. Civil Liberties Association president Robert Holmes said Monday, “When they put all of our rights in the balance to create a circus, then they really have gone too far.”

  7. ericswan Says:

    The Federal Reserve became law on Dec. 21, 1913. I hope it’s a lease agreement and expires in 99 years or Dec. 21, 2012.

  8. clark Says:

    This is to ensure that … Vancouver “puts its best ‘look’ forward for the Games.”

    The view of Vancouver from here is of War time Germany crossed with modern China mixed with the Middle East. Chillingly Soviet and Stasi.

    Do these clamp downs on the populations during the Olympics always go away afterwards or are there instances where some of the “saftey” features setup before the games lives on forever? I can’t imagine those city-wide camera systems being torn down after the games are over, among others. Another example that the Soviets (and the NWO banksters) did win The Cold War.

  9. ericswan Says:

    The Bird Flu Vaccine

    An Attempt to Create That Which We Fear

    By Zuerrnnovahh-Starr Livingstone
    Feb, 10, 2004


    I was blown away by the brazen stupidity of the World Health Organization. They have chosen three labs to generate a Bird Flu vaccine by combining avian and human flu viruses. They are trying to create an epidemic and are enlisting the conscious awareness of humanity to do it. The TV news report showed explicitly how bio-weapons are developed.

    Do not take any vaccine!

    It appears that the same WHO that has been killing Africans by the use of vaccines, now wants to do the same thing to Asian and probably the rest of the world too.

    SARS was a bio-weapon aimed at Asians which flopped miserably. Bird Flu is doing a great job on poultry, but failed to jump to humans, so they are conning people into psychically participating in the creation of a plague. The scientists cannot seem to create the deadly strains by themselves so the media is broadcasting the evil intent to raise fear among all nations. I do not think it will work as the frequency is too high for such a spontaneous evil creation to manifest. There is too much happening in the world for a mass die-off to happen according to some NWO plan.

    World Wars One and Two were flops. The NWO could not stop the expansion of Life itself in stage managed slaughters and the NWO vaccination plan of 1918. Life will always find a way to thrive.

    The spread of the “Chinese(?)” Bird Flu from the Philippines to Indonesia was too fast. It was probably seeded deliberately in the same way that Norwalk Virus keeps hitting cruise ships and institutions but not the population in general.

    There appears to be an element of desperation in trying to create a plague. The NWO knows their days are numbered.

    Zuerrnnovahh-Starr Livingstone

  10. clark Says:

    Interesting, eric, that 2004 note. Like a skipping record they keep trying.

    I found this in the comments section of infowars, it’s kind of long, maybe old too (and it’s hard to argue against, what’s a response? Go limp? They might control my body but they don’t own my soul?) it does seem to be the attitude and goals of the NWO bunch, and it’s almost as if the words were coming right out of the red-eyed cigar smoker at the top of this page:

    Aussie Says:
    September 2nd, 2009 at 12:47 am


    Dearest Citizen of the World,

    I believe the time has come to reveal to you some of the perplexities you have faced in recent decades. It is well for you to understand some of these things so that you might know how to behave in the New Order now taking shape on the earth. We want you to be able to become fully involved and integrated into our new society. After all, this is for your best interest if you will do.

    First of all, it is well that you understand some of our purposes so that you may more fully co-operate. I cannot tell you the hard times you will face if you resist us. We have ways of dealing with resisters. I am only telling you this now, since it is much too late to turn things around. The days of putting a stop to us have long since past. We have full control of the earth and its finance, along with the major media propaganda, and there is simply no way any nation or power can defeat us.

    We have eyes in every level of government in every nation of the world. We know what is being planned, for our ears and eyes are ever present.

    State secrets are fully known to us. China recently accused the media in the U.S. of lying about Kosovo. Oh, you silly people, of course we lie. In this way we can keep the people unbalanced and always facing controversy which is very helpful to us. Have you not seen the talk show spectacle? Some of you believe we are the liberals and the good people are the conservatives. In reality, both serve our purposes. Each camp merely serves with the stamp of our approval but they are not allowed to present the real issues. By creating controversy on all levels, no one knows what to do. So, in all of this confusion, we go ahead and accomplish what we want with no hindrance.

    Consider the President of the United States. Even though he regularly breaks every known check on his power, no one can stop him. He goes ahead and does whatever we want him to do anyway. The Congress has no power to stop him.

    He does what we want since he knows if he does not, because of his rather dark character, we can have him removed in a moment’s time. Is not that a rather brilliant strategy on our part? You cannot take us to court because you can’t see us and the courts are our servants as well. We run everything, yet, you do not know who to attack. I must say this hidden hand is wonderfully devised and without any known historical precedent on this scale. We rule the world and the world cannot even find out who is ruling them.

    This is truly a wonderful thing. In our media we present before you exactly what it is we want you to do. Then, as if in a flash, our little servants obey. We can send American or European troops to wherever we like, whenever we like, and for whatever purpose we like, and you dutifully go about our business. How much more evidence do you need? We can make you desire to leave your homes and family and go to war merely at our command. We only need to present some nonsense to you from the president’s desk or on the evening news and we can get you all fired up to do whatever we like. You can do nothing but what we put before you.


    When any of you seek to resist us, we have ways of making you look ridiculous as we have done with your militia movement. We have delighted to use this movement to show the world how impotent any resistance is. They look so silly marching around with their guns as if they were some match for our military. Look at what we did near Waco. Did the Davidian’s little store of weapons help them? We have generously taxed you and used that money to make such sophisticated weapons you can in no way compete. Your own money has served to forge the chains we bind you with, since we are in control of all money.

    Some of you think you may escape by buying some land in the country and growing a garden. Let me remind you that you still pay us ground rent. Oh, you may call it property taxes, but it still goes to us. You see, you need money no matter what you do. If you fail to pay your ground rent to us, we will take your land and sell it to someone who will pay us. Do you think we cannot do this?

    And with your ground rent we pay for the indoctrination of your children in the public schools we have set up. We want them to grow up well trained into the system of our thinking. Your children will learn what we want them to learn, when we want them to learn it, and you pay for it through your ground rent.

    Those funds are also used for other projects we have in mind and our contractors are paid handsomely for their work. You may doubt that we own your children, or have such control, but you will find that we do. We can declare that you abuse your children when you spank them and have them confiscated.

    If they do not show up for school indoctrination, we can accuse you of neglect, thereby, giving them to us. Your children are not yours. They are ours. You must inoculate them, you must bring them to our hospitals if we decree or we will take them from you. You know this and we know this.

    Through our electronic commerce we are able to see where you are, what you are buying and how much you have to buy things with. Where do you suppose we come up with our monthly financial statistics? Through the Internet and other sources we can even know how you think and what you say. It is not especially important to us what you believe as long as you do what we say. Your beliefs are nonsense anyway. But if you think you have a following, and we perceive that you might be somewhat dangerous to our agenda, we have ways to deal with you.

    We have a Pandora’s box of mischief with which to snare you. We can have you in court so long you will never get out. We can easily drain away all your assets over one pretext or another. We have an inexhaustible fund with which to draw from to pay our lawyers. These lawyers are paid by you in the form of taxes.

    You do not have this vast supply of wealth. We know how to divide and conquer. Have we not brought down rulers of countries through our devices? Do you think your tiny self will be any match for us?


    And, let us consider your religions and the “moral majority.” The “moral majority” is neither moral nor is it in the majority. We have delighted to use this wet noodle of a movement to make ridiculous the Christian faith. The silly men who run that organization always end up with egg on their faces. We have always put them in defense of themselves as we have so successfully done with the NRA. We can make it seem by our media propaganda that the National Rifle Association is actually the New Radical Attackers.

    Have we not turned the American conservative movement on its ear? If it serves our purposes we can use the conservatives to turn the liberals on their ear. It makes no difference to us but it serves to make you believe there are two sides struggling for their particular position. This helps to make things seem fair and free since everyone has a voice. Actually, there is only one side now with all kinds of masks on, but you are unable to penetrate our purposes.

    You see, we can do whatever we like and you can do nothing about it. Does it not seem reasonable that you simply obey and serve us? Otherwise, you get eaten up in the resistance you suppose will liberate you.

    You cannot be liberated. Imagine how you can. We supply your fuel for your cars. We can turn it off whenever we like claiming that there is some sort of fuel shortage. What if your car breaks down? You cannot get parts for it without us. We supply all the money you use. At any whim of our desire we can stop the money supply or cause a complete crash all together. We can then order the president to declare all money worthless and that we will have to have new money. All of your stashes of cash will go up in smoke in a moment’s time.

    Don’t you need food? If necessary, we can cause a trucker’s strike which would stop deliveries of food to your local store. We can starve you whenever we like. You only have food because we have provided it to you from our table.

    During the great depression we controlled the food. We heaped mountains of food behind fences and let it rot. The hungry were then made to work in our labour camps even though there was enough and more to feed them. Do you really think you can beat us? You say you will hoard gold coins so you will still have money in the time of the crash. We can simply pass a law which outlaws the possession of gold as we have done in the past. If we find gold in your possession, we would simply confiscate it and put you in prison for breaking the law.

    While in prison you would be required to work in one of our prison industries. We have so formed a picture of the labour camps in our prisons these days that no one seems to object to them. We tell people that murderers should pay for their own keep.

    No one seems to consider that we have the power to put tomato growers there also. We can pass laws that prohibit gardens and then make up some scientific reason why you may only buy food from our sources. If someone sees you growing tomatoes, they will report you to us and then we will have you in our fields working for us. Oh, silly nationalists, there is no escape for you, for since long before you were born, we were planning your capture. Your teachers and ministers have been forming your thoughts for us for generations now. You have no idea how to pull out of our influence short of suicide. Go ahead and commit suicide, it will only help us to deal with the excessive population. You cannot hurt us, find us, or even imagine what we are up to.

    I am throwing you these few crumbs only so that you may, if you have a little good sense, obey and follow our orders.


    We run Hollywood. The movies such as Terminator and Armageddon, along with a great host of others, were simply created to get you thinking according to our directions. You have been made to delight in violence so that when we send you off to kill some bad man we have put before you, you move without a whimper.

    We have placed violent arcade games in your malls to prepare your young minds in the art of battle. We have made you to view our armies and police as the good forces and you submit to things that were unthinkable just a few decades ago. Our artful programs, are all designed to help you submit and even help the New World Order.

    Star Trek, and other such creations, have taught you to simply obey orders from the new international rulers. Oh, silly people, you thought you were being entertained, while you were actually being educated. Dare I use the words, “brainwashed” or “mind control?” By the way, have you seen the new Star Wars?

    What a masterpiece of mental manipulation. Humans confer with nondescript beasts of all shapes and sizes and they confer in English. I wonder where those space beasts learned English. Oh, the simpleness of the mind of the citizen. He never considers he is being taken into fairyland. We have placed advertisements for Star Wars almost everywhere you go. You will find them in Wal-Mart, K-Mart, Taco Bell and a host of our institutions of commerce. There is something we want you to learn from this movie. Or, perhaps it could be said, there is something we do not want you to learn, from Episodes 4-6. Either way, we will have what we want in the whole affair.

    Of course, to keep you off guard we have instructed our elected officials to appear to be correcting the evil of our violence. President Clinton is now speaking against violence in Hollywood movies. This will not solve the problem, but will only make the people believe the problem is being worked on. Sex and violence are the very best powers to use to help us gain our advantage. How the people loathe to give up their sex and violence, so we place all they want before them. In this way, we keep them so occupied they do not have the integrity or brain power to deal with the really important matters which are left entirely in our hands. President Clinton has been very helpful to us. We knew of what character he was before we placed him as president. Exposing him was very helpful in adjusting the moral habits of the youth downward. This is to our advantage.

    Even more agreeable to us were the vain efforts of those who thought they could remove him against our will. He is useful to us and he will not be removed by anyone until we are ready to have him removed. Excuse me if I seem to be mocking your system of beliefs, but they are rather outdated. Have you no eyes to see your vain liberties and your righteous pontifications are nothing before us? You can only do what we say you can do. We remove presidents when we are ready and the leader we set up will be there until it serves us to have another.

    At that time we place our proposed leader before you and you vote for what we want. In that way we give you the vain voting exercise in the belief you had something to do with placing your president in office.

    We use the nations for what we want to use them for. Everyone knows that they must yield to us or die. Fortunately, we have had a few resisters such as Saddam and Milosevic that have been helpful in showing the world leaders what we will do to them if they do not submit.

    There is only glory in following our purposes and doing what we say. If one does not, there will be such a sad and tragic result. I would really have you spared of such an end. But, then, again, if you are not spared, it is of no consequence to us. We will use you to alleviate some of the overpopulation problem.


    Some of you have thought you could stop us by placing a bomb in one of our abortion clinics or in a government building. Silly souls! How can that hurt us?

    All that does is give us an example to use so that we might place more controls and heavy burdens on the population. We love it when you rebel and blow something up. You are our reason for making more laws against all those things which might contribute to your freedom from us. If someone did not blow something up on occasion, we would have no justification in placing more hedges about you. Can’t you see how impossible it is for you to resist us? The more you wriggle, the more we squeeze.

    Our kingdom is the kingdom of money. Excuse me, but I must confess that we are the rulers of the kingdom of non-money. You must see the humour in that statement. We have given you a piece of paper or some numbers on a computer screen that we have termed money. It is backed up by nothing and proven by nothing but what we say it is. We create it from nothing, we print it, we loan it, we give it its value, we take its value away. All things that have to do with money are in our hands. Think of it, what is it that you can do against us without money? If you try to resist, we can cancel your credit or freeze your accounts. Your cash is easily confiscated. We have made so many rules in the realm of living that you cannot live without money.

    Camp on government land and you must move in two weeks. You cannot grow much of a garden in two weeks. Many of our wilderness trails are entered by permit only. We have passed laws that do not allow you to live in trailers over a certain period without moving to another location. Have you not thought it ridiculous that we will allow a man to live in a box full time but we will not allow a man to live in an RV full time unless he is in a taxpaying campground?


    Our recent war in Serbia has many purposes to it but we do not speak of these things openly. We let the talk show hosts blather all sorts of nonsense but none of it touches the core. First of all, there is a wealth of natural resources in Kosovo that we must have complete control of. Kosovo has large supplies of uranium in its soil and uranium is very helpful to our regime. Also, it suits us to keep all such minerals out of the hands of potential enemies.

    Milosevic has not been helpful in giving those resources into our hands so we simply make things difficult for him until he does. Even now victory over Yugoslavia is imminent.

    We are reducing that proud nation to the level of humility we require from all people. After the war, if Mr. Milosevic does not sufficiently humble himself, we will take him to the world court charged with war crimes. We made up that term; rather ingenious, don’t you think? How could there be such a thing as a war crime? The very nature of war is that the rules are off. It is so entertaining to watch the nations try to fight war according to the laws we have placed before them. The only war crime there really is only involves the crime of being against us. Anyone against us is violating our law. As you have seen when someone is for us we do not care what they do. Was not Nelson Mandela a bomb-toting terrorist who killed many of his enemies? We made a hero of him.

    We observe no laws when it comes to war. We do what we want, when we want and where we want. We can starve nations to death, we can ruin civilians and any other horror for which we would take our enemies to court. Look at our example.

    We bomb Serbia out of its wits, bomb Kosovans out of their homes, poison their rivers and streams, turn off their electricity making a grand crisis in that country, and then we masterfully make it appear it is all Mr. Milosevic’s fault and he needs to go to court for it. It is the same way we made our inferno at Waco look like Mr. Koresh’s fault. Then there was our chief villain, Saddam with all of his weapons of mass destruction. Bad men are a dime a dozen and we can conjure one up whenever it suits us. This is really quite funny when you think of it. I am not one who is usually given to humour, but I do catch myself laughing sometimes at the absolute absurdity of the notions we place before you and you readily accept.

    Do you wonder that the leaders of the world tremble at our presence? They know they have no power except the power we give them. We have no fear of Russia or China for we are already in full control of their system of things. China knows that we can freeze any number of its corporations in America and all of its capital at the stroke of a pen.

    We want you to be in the system. When you are buying a house, we not only receive the tax revenue to use for our purposes, but we gain large increases from the interest on the loan. You may pay for your house two or three times over from the interest alone. The interest is also taxed which is again placed for use in those sectors of influence we choose.

    We do not want you to escape free and that is why we have made it as we have. You are our property. We will not permit you to buy or sell unless you submit to our mark of authority. If you go to court against us, we will wear you out there and in the end you will lose. If you use violence, we will end up having you in one of our labour camps, more specifically called prison industries. You need our money, our entertainments, our fuel, and our utilities to function and if you don’t have them, you feel deprived. By this, you are made to yield to our will.

    We own you!

  11. ericswan Says:

    Aussie gets debunked now and then but he is on to it. Appreciate the cut and paste now for the cut and thrust. There is God to contend for those who cannot defend themselves.

  12. clark Says:

    You’ve probably seen this already. But, in case you haven’t, a brief summary in dance comic form:

  13. ericswan Says:

  14. Lynda Says:

    Ya gotta luv Bernie Made Off [with the Boodle] dying [choke] in prison. He took the fall for his Tribe / Investors and made it possible for them to come back for theirs [Big Compen$ation] because he confessed to Fraud. AAAH the Shonda! They will recoup with interest. And he will Kick the Can in prison – solitary and shamed (Violins!) , only to be resurrected somewhere on a Mediterranean Beachfront.

    Atta Boy! Bernie! You are not the biggest schmuck in the financial apparatus of the American Communist Party by a long shot. But that is about all I can say for you.

    I hope there no readers of Founding Father’s Blog unaware that Moses Hess was the ‘Father’ of Communism and that it has always been bankrolled from Wall Street beginning with the finance of its ‘phase 1’ the Bolshevik Revolution. And wouldn’t you love to know who actually owns the Fed.

    The Banks of Issue and their Mercantile / Corporate Structure are part of an invisible international empire which own nations. Right now they are making some huge capital transfers (wouldn’t you like to know where?). This means on the Groundling side of the Curtain that some of the biggest financial titan[ic]s must disappear beneath the high seas of money Chao engineered by the Invisible Hand. They were hotwired from the inside for demolition – that is basically what hedge funds and short selling are about.

    But the eyes of unwilling Jews and the unwitting Goyim – who just want to be Americans are following these events. Uh-oh. Even Goldman Sachs is working on its PR.

    The Moriah families which insinuated themselves into the Davidic lineage through Solomon’s idolatrous wives – the Judaic imperium, Merovingian succession (and their Masonry) – they think they are going to use the Rothschild / Rockefeller banks to communize America. Ha!

    The flaw in this plan is – They don’t really get Americans who can still unite on founding principles of decency and fairness across racial lines and on the basis of truth. In the national game there is such a phenomena as a ‘Hail Mary’ pass and the Americans can still run it to them. I am sure this is bad news in Comrade Ziobot Obama’s camp – there remain ‘unneutralized’ many players who can still throw that far and run that fast.

    And that is to be expected on a Continent that has been consecrated to Our Lady of Guadalupe – Patroness of the Americas.

  15. ericswan Says:

    Knowledge is power..not.. History is simply an extension of the future. When you know Obama’s past, you will know America’s future.

  16. clark Says:

    So a shell game is ongoing, and even if the Federal Reserve gets audited, by the time they do so things will have been rearrainged so nothing much will be revealed and things such as chemtrails will continue to be financed via IMF SDR’s. The IMF – the new world central bank? How very discouraging, I hope I’m wrong there.

    Interesting post Lynda, hope to see more because, no, I didn’t know about
    Moses Hess… I can’t know everything.
    Moses Hess, sounds like someone who would’ve been friends with the Arm N. Hammer fella or the the Duponts.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: