All of their cash is being carefully sequestered in banks, remote from risk.

[donsu]

http://onlinejournal.com/artman/publish/article_2185.shtml


Blackstone Group LP -- your piece of the crumbling rock


As I write, the richest people in the world are divesting themselves of long-term investments. Paris Hilton's personal fortune, something she probably does not know originated from a loan from John D. Rockefeller, will probably receive a notification that her interest in Hilton Hotels has been sold. She may notice -- probably not.

Those who work for folks like Paris are, as you read this, stuffing assets such as Hilton (the corporation, not Paris) into pink dresses and pimping those long profitable but now matured enterprises out for sale. This means prettying up the balance sheet and fluffing the pillows, mostly. Those who do that work will be well compensated.

The Big Money People have left the room.

All of their cash is being carefully sequestered in banks, remote from risk. What the action tells you is to expect that the final segment of a long running con game is going into its final phase. Those in control are drooling in anticipation of one long final suck on the life's blood of America.

The target is your money, the money you thought was safe. The weapons are such Limited Partnerships as Kolberg, Kravitz Roberts & Co (KKR), Blackstone Group LP, and Apollo. This will be a big operation. That is why Blackstone went public last week. This week it is Apollo's turn. Limited Partnerships issue hunting licenses on your wealth you did not know existed. These LPs are opening their eyes, ready to go hunting for those huge repositories of long term capital in which you are probably happily invested.

Your money, tucked into those cozily safe mutual funds, IRAs, 401Ks, annuities or in your company pension plan are squarely in the crosshairs. Think again and familiarize yourself with these terms.

Terms and tiny bits of history you need to know for your own protection

-snip-
-------------------------------

The Big Money People have left the room.

[aquart]

1. If the value of money crashes, it doesn't matter if it's in a bank.

This needs to be better explained.

[jaksavage]

2. Gold Euros Realestate n/t

[donsu]

4. did you notice the "remote from risk" part?

nt

[aquart]

8. Yeah.

That's for the investment value. The stock value. My pittance lost half its value when Bush took office and the market had a heart attack. Half.

But stocks recover from crashes. If the stock is for a real item like Hilton Hotels. I'm not talking about derivatives or other fantasy investments.

Right now, this nation is pure debt. It's not our stocks that have me nervous. It's our currency.

It's nice that the super-rich think they're protected from what's going to happen to the rest of us. When I see them selling their beachfront properties and building inland, I'll start to believe that. But right now, I think they're no more ready for what's coming than we are.

[donsu]

10. they are not bldg. inland - they are leaving

nt

[PDJane]

3. Halliburton is moving to Saudi Arabia

The bush bunch have a cozy property close to the aquifier in South America. Corporate America is divesting all over the place, and China has informed it's pacific rim neighbours to diversify. Iran is an enemy basically, I think, because it wants to move oil sales to the Euro.

This is a very dangerous time, folks.........

[aquart]

9. Bush is crashing our currency.

What I noticed when he took office was that the flight capital that seeks safe havens for investment dried up here. Which is why we are so behind in innovation and new patents. There's no new venture money here. There won't be until the loony is gone.

I don't care so much where big money parks. Let them hole up in Switzerland for two percent. Nobody has been willing to put a serious investment in America in years. Eh, I could be wrong, I'm so out of the business. But I remember when venture capital was flinging cash at all comers. Now, good luck. Not here. Maybe China. India. Bush has deliberately deadened innovation in this nation.

Republicans are bad for business. They always have been.

[kineneb]

5. just received the Final Decree on our Chapter 7 filing

nothing left to lose. We may be the lucky ones. :-(

[DemReadingDU]

6. Which banks don't have risks?

Do we need to open an account at a bank in Switzerland?

[TygrBright]

7. Why is the goldbug granddaughter of Someone Moderately Intelligent credible on this? n/t