Bernanke /Obama will continue printing fiat paper. & Are Ponzi Schemes Capitalism, are they part of the Free Market and Free Interprise?
The following illustrates why we must end the fed and return our country to a hard stable currency and do it now. Greenspan and Bernanke have systematically printed our so-called money into worthless sheets of paper. They have artificially destroyed the liquidity markets by forcing interest rates to zip. We will never see this economy return to sustainable progress until the fed mandates are permanently removed. And interest rates return to free market rates.
We’ve added the following because we received dozens of emails yesterday about this issue. Here again, the Republicans have put forth a candidate with out properly vetting him. And over looking the obvious. The question in our minds this morning, is, are Ponzi schemes part of the free market and free enterprise system, are they the norm for capitalism? We congratulate the Ron Paul campaign for letting nature take its course here. I suspect some of the other campaigns will be saying to themselves. “How did we miss this”? . “What were we thinking”? Who will MSM start pushing now?? How will Hannity and Fox respond? This issue will snowball, how will all the east coast genius talking heads , walk back on Romney. Lets see, the $100.00 dollar gun tax, Romney care, and now this.
The Rumor Mill News Reading Room
CGI’s FengshuiSerenity: Romney Will Be Disqualified From Race Due To Fraud
Posted By: Susoni
Date: Wednesday, 9-May-2012 23:54:09
GOP Threw 2012 Election to Obama in 2009, Multi-billion dollar ponzi scheme involving Romney and Son
As reported here and here several weeks ago, we reported that Romney would certainly be disqualified or discredited as a Presidential candidate for the 2012 election due to fraud and other crimes against the American Taxpayer and the US Government.
Source: The Libertarian Review (http://s.tt/1aV6k)
In February of 2009, the Washington Post revealed that the SEC was alleging $8 Billion in savings fraud by Allen Stanford AND HIS COLLEAGUES, read Mitt Romney and Son, of lying about investments and CDs in a Ponzi scheme concerning staggering amounts of investor’s money, partnerships in which they invested upon collapse of the fraud.
“”We are alleging a fraud of shocking magnitude that has spread its tentacles throughout the world,” Rose Romero, director of the SEC’s Fort Worth office, said in a statement.”
Despite the actions of the SEC in this case,“A few months after the Ponzi scheme collapsed, a firm financed by Mitt Romney and run by his son and chief fundraiser partnered with the three men and created a new “wealth management business” as a subsidiary.”
So what do we know?
We know that Stanford has a PAC which has contributed large amounts of money to lawmakers annually.
We know that over $400,000 of that money was tied directly into the Madoff Ponzi scandal.
We know that one is only sentenced if FOUND GUILTY:
“Sentencing has been set for June 14, 2012 at 10:00 a.m. in Courtroom 8A before Judge Hittner. Stanford faces a maximum prison sentence of 20 years for the count of conspiracy to commit wire and mail fraud, each count of wire and mail fraud, and the count of conspiracy to commit money laundering, and five years for the count of conspiracy to obstruct an SEC investigation and the count of obstruction of an SEC investigation.”
Victims of this Ponzi scheme have been asked to fill out ‘Victim Impact Statement/Financial Crime’ and have not, as yet, received compensation or restoration of fraudulently stolen funds.
We know that Romney lied about the specifics of the Stanford Fraud and still created a joint ‘wealth management system’ with criminals
“Mitt Romney, his son Tagg, and Romney’s chief fundraiser, Spencer Zwick, have extensive financial and political ties to three men who allegedly participated in an $8.5 billion Ponzi scheme. A few months after the Ponzi scheme collapsed, a firm financed by Mitt Romney and run by his son and chief fundraiser partnered with the three men and created a new “wealth management business” as a subsidiary.”
Read much more at source: The Libertarian Review (s.tt/1aV6k)
Posted by John MacHaffie at 1:10 AM
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