Category Archives: Scams

Not only are telecom companies screwing us on net neutrality, they refuse to get rid of robocalls

Posted on December 15, 2017 by

Preface. It’s four years after the 2013 Senate hearing below and the telecomm industry has still refused and congress and/or the Federal Trade Commission (FTC) have not demanded robocalls be blocked despite over 10 years of complaints.  In fact, unwanted … Continue reading →

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Nicole Foss: Negative interest rates and the war on cash

Posted on January 2, 2017 by

Nicole Foss, September 4-8, 2016, theautomaticearth.com Part 1 is here: Negative Interest Rates and the War on Cash (1) Part 2 is here: Negative Interest Rates and the War on Cash (2) Part 3 is here: Negative Interest Rates and … Continue reading →

Posted in Bubbles, Capitalism, Negative interest rates, Nicole Foss | Tagged , , , | 4 Comments

Drowning in digits: National, Unfunded Liabilities, State, and Derivative Debt

Posted on April 26, 2014 by

Just about everyone I know believes in the permanence of the Dollar, the Eternal Supremacy of the United States, and the propaganda to constantly grow their money by taking risks. So they dutifully feed hard-earned wages into the voracious slot … Continue reading →

Posted in Collateralized Debt Obligation, Crash Coming Soon, Debt, Money, No Reforms, Ponzi Schemes, Unfunded Liabilities | Comments Off on Drowning in digits: National, Unfunded Liabilities, State, and Derivative Debt

Stock Market Bubbles and Rallies

Posted on April 13, 2014 by

I have a theory that the rich milk the middle class like cows by deliberately driving up the prices of stocks and skimming the cream off by selling before the market goes down, as described in Matt Taibbi’s The Great … Continue reading →

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Goldman Sachs has manipulated markets since the Great Depression and still is

Posted on April 13, 2014 by

The Great American Bubble Machine From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression — and they’re about to do it again   9 July 2009  Matt Taibbi The first … Continue reading →

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Consumers Report Being Hounded About Debts Not Owed

Posted on April 12, 2014 by

Mar 20 2014 Consumers Report Being Hounded About Debts Not Owed Top Debt Collection Complaints Also Include Aggressive Communication Tactics and Threatening Illegal Actions WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today issued a report on the more … Continue reading →

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The Fall of AIG

Posted on April 5, 2014 by

2 articles below: March 18, 2009  The Real AIG Scandal by Eliot Spitzer slate.com It’s not the bonuses. It’s that AIG’s counterparties are getting paid back in full. Everybody is rushing to condemn AIG’s bonuses, but this simple scandal is … Continue reading →

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Not-So-Safe-Deposit Boxes: States Seize Citizens’ Property to Balance Their Budgets

Posted on April 4, 2014 by

Not-So-Safe-Deposit Boxes: States Seize Citizens’ Property to Balance Their Budgets May 12, 2008. Elisabeth Leamy. abcnews The 50 U.S. states are holding more than $32 billion worth of unclaimed property that they’re supposed to safeguard for their citizens. But a … Continue reading →

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Credit Default Swaps & CDO’s

Posted on April 4, 2014 by

Why Wall St. Needed Credit Default Swaps http://seekingalpha.com/article/73060-why-wall-st-needed-credit-default-swaps Take a CDO with a 50 basis point spread over US Treasures. Banks will buy credit default swaps costing them 20 basis points, but by doing so, even they seem to make … Continue reading →

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SEC charges pair of brokers, investment advisory firm, others with $80M variable annuity scam

Posted on March 15, 2014 by

http://www.investmentnews.com/article/20140313/FREE/140319954 SEC charges pair of brokers, investment advisory firm, others with $80M variable annuity scam Mar 13, 2014 Darla Mercado The Securities and Exchange Commission Thursday filed charges against a group of brokers in a scheme wherein wealthy investors used variable … Continue reading →

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