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The Solari Report – 08 Jan 2009
“Tell me why I’m so lucky!” This was the challenge hurled by the head of Capital Markets of my former Wall Street firm at any trader who booked a profit. My partner, who ran our trading business, had the Head of Accounting sitting outside his office and he tracked the firm’s securities operations like a hawk. Since perfect markets have the profits squeezed out of them, a reported profit demanded an explanation. Why were we so lucky?
My former partner lived the first rule of avoiding financial scams: understand where your money is, what it is doing, and the logic of your profits. If you don’t understand, if it does not make sense to you, if it does not reflect how the real world really works, then it is prudent to assume you are dealing with fraud.
There are a few basic rules that will help you protect yourself from most financial frauds. Consistent returns were the dead giveaway that something was fishy at Madoff’s operations. Consistent returns, however, are a siren’s song for investors who want to prosper inside a financial bubble.
Madoff raised funds through intimate networks. Critics say this is why you would not bank and invest with people you know. Rubbish. You need to know who you bank and invest with. You also need to know what they are doing with the money. Black boxes are usually frauds — whether by individual investment firms or by the partnership of the Treasury and central bank.
In this week’s Solari Report (Thursday, January 8 at 9PM EST), we’ll review some simple rules to help you avoid financial frauds and embrace the “rock-and-roll” of investment in the real world. I will also be joined by nutritionist Dr. Laura Thompson, a healer who has brought many people back to health from seemingly impossible odds. I know — I am one of them. One of the great blessings of seeking out people who are researching “what is really going on” is that they are applying real solutions to real problems. When it comes to health, this is absolutely critical.
You can learn more about The Solari Report and subscribe here.
I hope you’ll join us.
Note: Solari Report subscribers can now listen to Catherine’s discussion of this topic via MP3 recording. You can subscribe monthly or annually here.
The Royal Bank of Scotland had losses of 24Billion UK pounds and Fred Goodwin still gets 650k pension every year. That is just unbelievable! They should strip him of his pension.
Hi,
Check out the bigest heist of them all…
British Financial Media Confess They Are Hooked on Hyperinflationary Junk.
From:
http://www.larouchepac.com/news/2009/01/20/british-financial-media-confess-they-are-hooked-hyperinflati.html
January 20, 2009 (LPAC)–The City of London’s two most prominent media outlets, the Economist and the Financial Times, have both come out like a bunch of smack junkies, demanding the creation of more and more toxic financial waste to help bailout the existing mounds of toxic waste.
The Economist commented on the latest British bailout package in an editorial suggestively titled “Another Shot in the Arm,” which was accompanied by an even more suggestive picture of a syringe against a backdrop of the British flag, the Union Jack. They dismiss the latest British bailout as insufficient, saying that “there is little in the new package to give banks the incentive to put their profit motive aside and help reflate the economy.” In any event, “the world’s systemically important banks have regulators over a barrel…Britain’s main banks know they will be kept alive.” Better than the bailout, the Economist notes, “is the international move to relax the Basel 2 capital regime for banks,” which would allow them to get away with just about anything, and overdose on hyperinflation.
The Financial Times, for its part, argued that the incoming Obama administration should go ahead and create a so-called “bad bank,” which would centralize all the toxic waste in the system in one place, which the government would then bail out. This is the best route to take, they say, because U.S. Treasury bailout funds could then be leveraged into even more toxic waste creation: “The $100 billion of TARP equity could be geared up five times to provide $600 billion of purchasing power,” the toxic junk addicts fantasized.
And hot of the press.
Is The Imperial Slime Mold Sacrificing The Bank Of England?
From:
http://www.larouchepac.com/news/2009/01/20/imperial-slime-mold-sacrificing-bank-england.html
January 20, 2009 (LPAC)–The British Government yesterday launched a second bailout of its banking system, promising a series of cash injections, asset purchases and guarantees similar in may respects to what has been done in the U.S. The government increased its ownership stake in the Royal Bank of Scotland to 68%; the government also owns 43% of Lloyds Banking Group, the new bank formed by the merger of Lloyds TSB and HBOS. Thus far, it has not taken a stake in either HSBC or Barclays, the remaining two big British banks.
The most interesting aspect of the bailout is the bailout role taken on by the Bank of England. The Bank, which in the early phases of the crisis had urged the Fed and the European Central Bank to launch bailout programs while remaining on the sideline itself, is taking an active role in the new bailout. Since such a role is ultimately self-destructive, one has to wonder if the deeper levels of the imperial oligarchy have decided that it is necessary to sacrifice some of their key London-centered control mechanisms in order to save their oligarchic system itself. That is to say, if they know the present financial system is going down, they may be forced to hunker down themselves, in an attempt to ride out the chaos with the intent to emerge at a later date, and create a new financial system suitable for a much smaller world economy. If so, then these parasites might be willing to sacrifice their British “national” host, in order to save themselves.
The empire has a history of destroying the hosts it infects, having in the past moved from Rome to Byzantium and then Venice, before moving to the Netherlands and then England. Is it preparing to move yet again, to some safer havens while chaos engulfs mankind?