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Thread: Poof There Goes another $50B

  1. #10
    Olympic Champ RYou's Avatar
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    Default Re: Poof There Goes another $50B

    Quote Originally Posted by ODH View Post
    So is this a Ponzi scheme, outright theft, or just bad investing and false reporting?
    The way he used investments from those last in to pay profits to those first in, is a colloquially called a "Ponzi Scheme". So far, they haven't been able to analyze the books, therefore they can't tell how long the scheme was conducted. I think once the figure out the investment history and determine how long it was played, will determine just how significant "bad" investment played out. You really can't call the crash of '08 a bad investment because everything lost value 'cept for precious metals. When you have portolios of 50 billion, you can't just move those investments into fixed income accounts like you can with a flick of the mouse on your 401k.

    Last accounting, there was 300-400 million left. I'm not dure if that was before he paid off some freinds and relatives, or after, but I think it was before. At best the investors are looking at .08 cents on the dollar (that's not eight cents, it's .08 cents). Essentially they will take all of his personal property and divy it up too. If that amounts to 100,000,000, it'll add up less than .02 cents more. Fundamentally, everyone has been wiped out.
    Life's not the breaths you take, the breathing in and out that gets you through the day ain't what it's all about. It's the moments that take your breath away.

  2. #11
    Olympic Champ r.payton@att.net's Avatar
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    Default Re: Poof There Goes another $50B

    I just listened to an interview with Eustace Mullins about the Federal Reserve Bank-or the monster from Hyde Island as he refers to it -is there any validity to what this man is saying ?That the constitution prohibited Fiat money ? and that the founding fathers refused a Central bank ? Is London still the economic hub ? Is our currency nothing but a faith system ?
    The entire interview is on Rense.com but was well done by another researcher and posted illegally by Rense .
    I knew all about the Warburg brothers and the Bush /Harriman connection -wasn't aware Rockefeller charged the US five times the going rate for oil during the war but it didn't surprise me .
    Col. House is a very intrigueing character and i'll bet 5,000 people have ever heard his name .

  3. #12
    Olympic Champ RYou's Avatar
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    Default Re: Poof There Goes another $50B

    wasn't aware Rockefeller charged the US five times the going rate for oil during the war but it didn't surprise me .

    Rockefeller owned the majority interest in the Standard Oil Company and it's subsiudiaries. Prior to the US involvement in WWII, a joint venture between Stardard Oil and General Motors supplied the technology for synthetic fuel to Nazi Germany, sometime around 1935-1937. It was through these plants Germany generated sufficient fuel to mobilize the military and air corp. Both companies ignored instructions from the US government to not transfer this technology. Without it, Hitler could not have combated to fronts simultaneously.
    Life's not the breaths you take, the breathing in and out that gets you through the day ain't what it's all about. It's the moments that take your breath away.

  4. #13
    Olympic Champ r.payton@att.net's Avatar
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    Default Re: Poof There Goes another $50B

    I knew about the refineries and was also aware both leaders of the Central bank-in Germany -Warburg-America -Warburg -war profiteering at it's best -I just finished reading ''Soldiers of Misfortune'' and ''Operation Keelhaul''-all was classified for fifty years because of National Security-dealt with the U.S. leaving 25-40,000 soldiers to rot in Stalin's gulags and the Deceitful way the British treated a Russian Lt .General they captured and turned and promised him asylum if he fought against the russians -of course as soon as the war ended he was sent to Russia where he was hung .Also the Russian POWs begged not to go back to Russia as they knew what awaited them -Gulags or instant death for being cowardly enough to be captured . Pretty bad stuff .

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