Tag Archives: People & Blogs

The Wizard of Lies: Diana Henriques

By Russel Kinnel | 05-24-2011

What Investors Should Learn From Bernie Madoff

Author Diana Henriques believes that the Madoff scandal underscores the importance of vigilance and research in selecting an investment advisor.

Russel Kinnel: Hi. My name is Russ Kinnel. I am director of mutual fund research for Morningstar, and today I’m going to be talking with Diana Henriques, author of The Wizard of Lies, a book about Bernie Madoff who pulled off the greatest Ponzi scheme ever.

The first question I want to ask you is about some of the research you did looking into his early life, and it’s really striking to see the signs of what would later become a giant Ponzi scheme were really there early on if you knew where to look.

Diana Henriques: That’s true, Russ, and I was quite surprised at that, as well. One of the mysteries I’m afraid, that will live as long as Madoff does, is when exactly the Ponzi scheme started. But I was able in my research to uncover an incident in 1962 when he was a very young over-the-counter trader with his own little firm.

He had invested money that was given to him by friends and family in very speculative, risky, over-the-counter stocks. In a market air pocket in May 1962 the bottom just dropped out of those stocks, and they lost all their money. But rather than confess that to them, he covered it up. He bought the shares back from their portfolios at what they paid for it and didn’t reveal but for that they would have been completely wiped out.

Now, he insisted to me, after the prison interview I had with him in August of 2010, that he kept it a secret from the investors because he knew that if he told them about it, they would insist that they take the losses and that he not nearly bankrupt himself to cover them up for him. But I don’t really buy that. I think he burnished his own reputation as the boy genius in the family and managed to hang on to those investment clients by lying to them about what he had done to prevent those losses in their accounts.

Now, that’s not the beginning of the Ponzi scheme, there’s no doubt about that. But it certainly was a very telling experience in the young life of the young Madoff.

Kinnel: You certainly get the sense that he, and maybe even his father to a degree, were trying to put a veneer on things that made things look better. And maybe all along he was trying to make it look like maybe he was a little more skilled investor than he was and that everyone was better off than they really were?

http://www.morningstar.com/cover/videocenter.aspx?id=382418

Usury: Making the Rich Avaricious & the Poor Poorer…108morris108

Usury: Making the Rich Avaricious & the Poor Poorer

Uploaded on Oct 13, 2010

This video explores the historical critique of Usury, its prohibition and some alternatives.

Usury – the lending of money at interest has been condemned throughout history by noble people of ALL faiths (Hindus, Buddhists, Jews, Muslims, Catholics, Greeks). It makes the poor poorer and gives rise to the most avaricious of lenders.

We are actually being told our wars are for the purpose of enriching these people – and this is presented to us as an acceptable reason (not in the video).

Instead of money being a medium of exchange, interest rates elevate money to being an end in itself.

It is strange that so many Jewish people are in the lending business, when lending at interest rates is treated with scorn in the Old Testament, although permissible in the event of lending to a non Jew for business purposes.

But nowadays we are all indebted, Jew and non Jew to interest rates for our housing and living expenses.

“In the Old Testament, usury is considered an “abominable thing,” listed next to rape, murder, robbery and adultery. (Ezekiel18:19-13).

The Ancient Greeks regulated interest, and then deregulated it. Upon deregulation, there was a catastrophic amount of unregulated debt which lead to the selling of Athenians into slavery. Plato (Laws, v. 742) and Aristotle (Politics, I, x, xi) both agreed that usury was immoral and unnatural…”

from: http://stopusuryinamerica.com/whatisusury.html

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Gerald Celente – Trends In The News – “The Winter Edition”

Gerald Celente – Trends In The News – “The Winter Edition”

Winter Trends Journal 2012

http://www.trendsresearch.com/index.php

Eustace Mullins Books… The secrets of the FED

 Eustace Mullins

Eustace Clarence Mullins, Jr. (March 9, 1923 – February 2, 2010) was a populist American political writer, biographer, and antisemite

http://www.eustacemullins.us/

http://www.eustacemullins.us/wp-content/works/Books/

BANKERS START WARS TO CREATE DEBT !!! HISTORY OF FEDERAL RESERVE EUSTACE MULLINS

Uploaded on Nov 25, 2009

Our beloved Creators words in the presence of the heavenly host and the bride, in which he complains about five men signifying the pope and his clergy, the evil laity, the Jews and the heathens; and also about the help he sends to his friends, signifying all mankind, and about the harsh judgment he executes on his enemies.
Book 1 – Chapter 41 SAINT BRIDGET PATRON SAINT OF EUROPE FINAL PART
To the third I say: Since you, Jew, do not want to believe that I have come, you will see me when I come on judgment day, but not in my glory but in your conscience, and you will come to know that all the things I said were true. Then there is nothing left for you but to be tormented as you deserve.

To the fourth I say: Since you do not care to believe and do not want to know me, your darkness will become light for you, and your heart will be enlightened so that you may know that my judgments are true, but you will still not come to the light.

To the fifth I say: I shall do three things to you. First, I shall fill you inwardly with my fervor. Second, I shall make your mouth harder and firmer than any stone, so that the stones turn back to the ones throwing them at you. Third, I shall arm you with my weapons so well that no spear will harm you but instead everything will melt before you like wax in the heat of the fire. Be therefore made strong and stand like a man. For just like a knight in battle who hopes for help of his lord and continues fighting as long as he still has some life-force in him, so may you too stand firm and fight like a man; for the Lord, your God, whom none are able to withstand, will give you help. And since your number is small, I will honor you and multiply you greatly. Behold, my friends, you see these things and know them in me, and in this way they stand before me.

The words I have now spoken will be fulfilled. But these other men shall never enter my kingdom, as long as I am King, unless they better themselves. For Heaven will only be given to those who humble themselves and to those who mourn over their sins with penance. Then all the host answered: Praise be to you, Lord God, who are without beginning and without end.

Eustace Mullins died in February 2010. I was very sorry to hear that he lived his last months in discomfort and sickness. I understand though that he was very well cared for by a friend.
I am a medical research journalist investigating the fraudulent tenets and practices of Western patent medicine , as well as scientific and empirical holistic health approaches.
After I discovered Eustace’s great oevre more often than not he has confirmed the conclusions from my own research.
His books, articles and video/audio interviews are precious pearls.
Eustace, I salute you!
Rest in peace, you’ve well deserved it…

http://www.eustacemullins.us/wp-content/works/Articles/

ALL WARS ARE BANKERS’ WARS!….Mike Rivero WRH

ALL WARS ARE BANKERS’ WARS!

NEW! PODCAST OF ‘ALL WARS ARE BANKERS WARS’ FROM JANUARY 14TH, 2013 RADIO SHOW.

I know many people have a great deal of difficulty comprehending just how many wars are started for no other purpose than to force private central banks onto nations, so let me share a few examples, so that you understand why the US Government is mired in so many wars against so many foreign nations. There is ample precedent for this.

The United States fought the American Revolution primarily over King George III’s Currency act, which forced the colonists to conduct their business only using printed bank notes borrowed from the Bank of England at interest. After the revolution, the new United States adopted a radically different economic system in which the government issued its own value-based money, so that private banks like the Bank of England were not siphoning off the wealth of the people through interest-bearing bank notes.

“The refusal of King George 3rd to allow the colonies to operate an honest money system, which freed the ordinary man from the clutches of the money manipulators, was probably the prime cause of the revolution.” — Benjamin Franklin, Founding Father

But bankers are nothing if not dedicated to their schemes to acquire your wealth, and know full well how easy it is to corrupt a nation’s leaders. Just one year after Mayer Amschel Rothschild had uttered his infamous “Let me issue and control a nation’s money and I care not who makes the laws”, the bankers succeeded in setting up a new Private Central Bank called the First Bank of the United States, largely through the efforts of the Rothschild’s chief US supporter, Alexander Hamilton. Founded in 1791, by the end of its twenty year charter the First Bank of the United States had almost ruined the nation’s economy, while enriching the bankers. Congress refused to renew the charter and signaled their intention to go back to a state issued value based currency on which the people paid no interest at all to any banker. This resulted in a threat from Nathan Mayer Rothschild against the US Government, “Either the application for renewal of the charter is granted, or the United States will find itself involved in a most disastrous war.” Congress still refused to renew the charter for the First Bank of the United States, whereupon Nathan Mayer Rothschild railed, “Teach those impudent Americans a lesson! Bring them back to colonial status!” Financed by the Rothschild controlled Bank of England, Britain then launched the war of 1812 to recolonize the United States and force them back into the slavery of the Bank of England, or to plunge the United States into so much debt they would be forced to accept a new private central bank. And the plan worked. Even though the War of 1812 was won by the United States, Congress was forced to grant a new charter for yet another private bank issuing the public currency as loans at interest, the Second Bank of the United States. Once again, private bankers were in control of the nation’s money supply and cared not who made the laws or how many British and American soldiers had to die for it….

“Should Germany merchandise (do business) again in the next 50 years we have led this war (WW1) in vain.” – Winston Churchill in The Times (1919) 

“We will force this war upon Hitler, if he wants it or not.” – Winston Churchill (1936 broadcast

“Germany becomes too powerful. We have to crush it.” – Winston Churchill (November 1936 speaking to US – General Robert E. Wood) 

“This war is an English war and its goal is the destruction of Germany.” – Winston Churchill (- Autumn 1939 broadcast)

goto

http://whatreallyhappened.com/WRHARTICLES/allwarsarebankerwars.php

http://whatreallyhappened.com/IMAGES/judea_declares_war_on_germany.jpg

Tragedy and Hope books excerpt

http://www.thirdworldtraveler.com/Banks/Tragedy_Hope_excerpt.html

Tragedy and Hope

A History of the World in Our Time

by Carroll Quigley, 1966

Pg. 48-49:

In effect, this creation of paper claims greater than the reserves available means that bankers were creating money out of nothing. The same thing could be done in another way, not by note-issuing banks but by deposit banks. Deposit bankers discovered that orders and checks drawn against deposits by depositors and given to third persons were often not cashed by the latter but were deposited to their own accounts. Thus there were no actual movements of funds, and payments were made simply by bookkeeping transactions on the accounts. Accordingly, it was necessary for the banker to keep on hand in actual money (gold, certificates, and notes) no more than the fraction of deposits likely to be drawn upon and cashed; the rest could be used for loans, and if these loans were made by creating a deposit for the borrower, who in turn would draw checks upon it rather than withdraw it in money, such “created deposits” or loans could also be covered adequately by retaining reserves to only a fraction of their value. Such created deposits also were a creation of money out of nothing, although bankers usually refused to express their actions, either note issuing or deposit lending, in these terms. William Paterson, however, on obtaining the charter of the Bank of England in 1694, to use the moneys he had won in privateering, said, “The Bank hath benefit of interest on all moneys which it creates out of nothing.” This was repeated by Sir Edward Holden, founder of the Midland Bank, on December 18, 1907, and is, of course, generally admitted today.

Pg. 51: The merchant bankers of London had already at hand in 1810-1850 the Stock Exchange, the Bank of England, and the London money market when the needs of advancing industrialism called all of these into the industrial world which they had hitherto ignored. In time they brought into their financial network the provincial banking centers, organized as commercial banks and savings banks, as well as insurance companies, to form all of these into a single financial system on an international scale which manipulated the quantity and flow of money so that they were able to influence, if not control, governments on one side and industries on the other. The men who did this, looking backward toward the period of dynastic monarchy in which they had their own roots, aspired to establish dynasties of international bankers and were at least as successful at this as were many of the dynastic political rulers. The greatest of these dynasties, of course, were the descendants of Meyer Amschel Rothschild (1743-1812) of Frankfort, whose male descendants, for at least two generations, generally married first cousins or even nieces. Rothschild’s five sons, established at branches in Vienna, London, Naples, and Paris, as well as Frankfort, cooperated together in ways which other international banking dynasties copied but rarely excelled.

Pg. 52: The names of some of these banking families are familiar to all of us and should be more so. They include Raring, Lazard, Erlanger, Warburg, Schroder, Seligman, the Speyers, Mirabaud, Mallet, Fould, and above all Rothschild and Morgan. Even after these banking families became fully involved in domestic industry by the emergence of financial capitalism, they remained different from ordinary bankers in distinctive ways: (1) they were cosmopolitan and international; (2) they were close to governments and were particularly concerned with questions of government debts, including foreign government debts, even in areas which seemed, at first glance, poor risks, like Egypt, Persia, Ottoman Turkey, Imperial China, and Latin America; (3) their interests were almost exclusively in bonds and very rarely in goods, since they admired “liquidity” and regarded commitments in commodities or even real estate as the first step toward bankruptcy; (4) they were, accordingly, fanatical devotees of deflation (which they called “sound” money from its close associations with high interest rates and a high value of money) and of the gold standard, which, in their eyes, symbolized and ensured these values; and (5) they were almost equally devoted to secrecy and the secret use of financial influence in political life.

Pg. 53: The influence of financial capitalism and of the international bankers who created it was exercised both on business and on governments, but could have done neither if it had not been able to persuade both these to accept two “axioms” of its own ideology. Both of these were based on the assumption that politicians were too weak and too subject to temporary popular pressures to be trusted with control of the money system; accordingly, the sanctity of all values and the soundness of money must be protected in two ways: by basing the value of money on gold and by allowing bankers to control the supply of money. To do this it was necessary to conceal, or even to mislead, both governments and people about the nature of money and its methods of operation.

Pg. 62: In addition to their power over government based on government financing and personal influence, bankers could steer governments in ways they wished them to go by other pressures. Since most government officials felt ignorant of finance, they sought advice from bankers whom they considered to be experts in the field. The history of the last century shows, as we shall see later, that the advice given to governments by bankers, like the advice they gave to industrialists, was …. goto web page

SOCIAL MEDIA 2013: STATISTICS AND TRENDS

SOCIAL MEDIA 2013: STATISTICS AND TRENDS

 
 

Published on Dec 16, 2012

http://www.funkymarketing.it

2012 was a great year for Social Media. 
We believe that today it affects every area in our lives and we wanted to share it with you through a video infographic. 
It shows some statistics and the effects generated so far, from our point of view: from the TV industry to the Job market and the startup industry.

But the best is yet to come. In 2013 social media will have a higher growth: from mobile to social TV. So if you want to know more don’t forget to subscribe to our channel.

Animation made by Flavian Mihai: Social Media Marketing Consultant and Junior Motion Designer

Music: Clouds by AudiQuattro 
Link: http://bit.ly/Clouds-AudioQuattro

For more information visit http://www.funkymarketing.it or you can follow us on:

– Twitter: http://www.twitter.com/flavian6
– Facebook: http://www.facebook.com/FunkyMarketing