Category Archives: Scams

The staggering level of corruption & kleptocracy in the world

Posted on January 9, 2023 by

Preface.  This is a book review of Frank Vogl’s 2021 book “The Enablers: How the West Supports Kleptocrats and Corruption – Endangering Our Democracy” (well, mostly kindle notes).  They couldn’t get away with it if there weren’t so many places … Continue reading →

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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 →

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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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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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