Capitalist Con Games for Dirty, Sexy Money
The art of the con game originated in America
Whatever Karl Marx sed about capitalism being a thoroly rotten, bloodsucking system, well, he barely pipped the shell.
Of course, everybody kno that the labor product is converted into values appropriated and exchanged for commodities originally held as futures, securities or some other stake floated on paper to peel a profit off of anything produced, traded or consumed by honest, hard-working people. Based upon a mostly faulty yet quite often dishonest assessment of what happens in this economy, working people get lured into an investment scheme which
persuades them to believe they may actually own part of the “American Dream”.
This swindle has been used against workers repeatedly in the housing market, the Savings and Loans busts, and stock-based retirement plans. Bank notes, shares, bearer bonds, stocks, mutual funds – their conversion from paper into real assets defines the best part of a process that 98% of all people lack any inkling of whatsoever.
Then there’s the saying, After every boom follows a bust. The Dot Com shake out bankrupted 401k plans, KEOGHs, and other retirement funds. The Enron scandal era – which included MCI-WorldCom, Tyco and other notables – sucked up what was left. Teachers, clerks and other “educated” workers, whom most people expect to play it smart, got
soaked. Think they would have learnt from the S&L swindles of the Eighties, when lenders robbed people outright and no perpetrators were ever prosecuted.
Currently, the stock market surges over 14,000 points one day, then loses like 800 on another. Sub prime housing loans drove the stampede to mortgage lenders during the Greenspan era, now the crash bludgeons even buyers with perfect credit. Retail sales lag during this summer; gas prices keep seasonal vacationers home, tho reports suggest a drop in oil. So much for your dream. Be very afraid.
Fear, because your house is a real asset that can be sold out from under you due to no fault of your own. Mortgages, bought and sold by investors the moment one gets signed, are pieces of paper
floated all over the globe. A minute number of deep pocket investors controlling the voluminous horde of mortgage debtors, a.k.a. “homeowners”, determine that sooner or later the herd will be eaten. Homes, stores, factories, office buildings and malls all sit on mortgaged property so the investment belongs to those making the loan. Tho it is the loan which investors interest themselves in, they acquire supremacy over the market (economy) because of the massive value accumulated in so very few hands. When they enforce collections, that results in market corrections.
During a “market correction”, business fail or curtail production, resulting in higher unemployment. This spiraling effect has nothing to do with production but is based on seedy speculators whose very existence obstructs the flow of goods and services.
Resources bottled up by a parasitic redundancy in trade relations can lead to the point where conflicts and wars erupt.
Indeed, the farmer cant sell futures in his orange crop because the bank owns them and controls the market where they must be sold. Third-arty negotiators then acquire rights to the futures and so on in transactions which do not benefit the real producer. A paradox, society can thrive without the banks and stock market, but not without the farmer. This system of wild market speculation drives prices not costs, accounting for the rise of fuel, interest rates, food, college degrees, health insurance, everything.
Keep dreaming. Anyone without a convenient $150k to sink into a mutual
fund cannot even think about becoming a real capitalist. That designates the level where investments begin, as any commercial advertising portfolio prerequisites during PGA tournaments or NBA and NFL games may well tell you.
International finance capital, Imperialism, operates thru a political system which protects the swindlers and cares little for the masses. IMF-World Bank policies account for the horrendous wars in Africa, Asia and Latin America . Credit-Suisse, Deutsche Bank, CITICORP, Ameriquest Mortgage , Washington America
Meanwhile, investors holding complex mortgage securities and Wall Street bankers always manage to come out on top. Homeowners, on the other hand, will never be winners under this system. The only advantage for the people is to decolonize their minds, return to the source, and break down Imperialism like kung fu masters…
What is the dollar value of one point on the NYSE? Anyone who doesn’t kno has no business letting their employers talk them into an IRA, CDs or a 401k. refuse to let your union leaders follow the advice of business agents who want to invest dues money in the
stock market. Have they explained how that loot is converted, transferred, traded, exported and reinvested, ultimately prompting you to rant about foreign products and their threat to American workers?! At the same time lenders poise to snatch the roof from over your family’s heads, you want to bomb China , India , Pakistan , Mexico
Dirty, sexy money is the root of great evils. Its finance scams originated when the folks who violently swindled North America from the Indians redistributed it amongst the haves. This swindlers regime imposed itself upon the “new” Indians, working
people. These same suckers pay record prices for gas swindled from Irak, then send their kids to fight terrorism.
Yes, they blame Mexicans for trying to flee a more repressed economy. Suckers blame the Arabs for resisting a Beast who occupies their land. They blame neo colonies like China and India America
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