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Category Archives: Scams
Not only are telecom companies screwing us on net neutrality, they refuse to get rid of robocalls
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
Posted in Congressional Record U.S., Scams
Tagged robocall, telecommunications
Comments Off on Not only are telecom companies screwing us on net neutrality, they refuse to get rid of robocalls
Nicole Foss: Negative interest rates and the war on cash
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 money, negative interest rate, Nicole Foss, war on cash
4 Comments
Drowning in digits: National, Unfunded Liabilities, State, and Derivative Debt
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
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Stock Market Bubbles and Rallies
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
Posted in Bubbles
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Goldman Sachs has manipulated markets since the Great Depression and still is
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
Posted in Bubbles
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Consumers Report Being Hounded About Debts Not Owed
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
Posted in Debt, Debt Collection
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The Fall of AIG
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
Posted in Collateralized Debt Obligation
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Not-So-Safe-Deposit Boxes: States Seize Citizens’ Property to Balance Their Budgets
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
Posted in Scams
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Credit Default Swaps & CDO’s
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
Posted in Collateralized Debt Obligation
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SEC charges pair of brokers, investment advisory firm, others with $80M variable annuity scam
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
Posted in Scams, Variable Annuity
Comments Off on SEC charges pair of brokers, investment advisory firm, others with $80M variable annuity scam