ALL OLD ALLIANCES ARE COLLAPSING IN TRADE COLLAPSE!

[Joanne98]

Another huge ice storm is heading our way! And a huge financial storm continues to batter the world. Mother Nature is trying to balance all forces: the sun, the oceans, the temperature of the land itself. She does this various ways, most of which can be extremely violent. Economic hard times usually go hand in glove with bad weather cycles. It is not a surprise that the Dust Bowl years coincided with the Great Depression. For there was the Great Mississippi Flood right before the stock market collapse.The entire planet is struggling to deal not only with debt but with a ‘lack of liquidity’ which is the inability to turn over bad debts so the debt game can continue. There is one glaring exception to this: the entire creditor side of the planet’s economic system is trying to get the US afloat so we can suck down more debt. This is due to us being the center of all global trade. This, incidentally, is why we are being relentlessly either colonized or deindustrialized by our trade rivals.

First, a review of the le Affaire de Madoff:

Madoff Said to Have Escaped SEC Inspectors Until `Tragedy’ Reached Victims

(Bloomberg) – Bernard Madoff’s investment advisory business, alleged to be a Ponzi scheme that cost investors $50 billion, was never inspected by U.S. regulators after he subjected it to oversight two years ago, people familiar with the case said.

The Securities and Exchange Commission hasn’t examined Madoff’s books since he registered the unit with the agency in September 2006, two people said, declining to be identified because the reviews aren’t public. The SEC tries to inspect advisers at least every five years and to scrutinize newly registered firms in their first year, former agency officials and securities lawyers said.

Madoff, 70, who had advised the SEC how to regulate markets and donated regularly to politicians, was arrested Dec. 11 and charged with operating what he told his sons was a long-running Ponzi scheme in the New York-based firm’s business advising rich people, hedge funds and institutions. His ability to avoid detection may fuel debate about the SEC’s effectiveness and the adequacy of its resources for policing money managers.
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This is why there is so much money in our elections: all the gnomes who are committing economic crimes have to have enablers helping them do this. The SEC is headed by a Republican appointee, Mr. Cox. Mr. Cox should be in a big box. Mr. Cox should be in a box with bars. Big bars. Or maybe a small box. About 8 feet by 8 feet. Arrest them all!

The deliberate failures of the SEC to patrol the financial shores is political. I know that the SEC has good agents and accountants who faithfully try to keep track of things. But they are run from above by a corrupt official who is directly responsible for the present lawlessness on Wall Street. While we are at it, we must put the guys who appointed Cox in jail, too! Arrest them all, I say! This is the only way we can put the fear of god in these godless goons.

One of the most childish things about the many believers in laissez faire social systems is this desire to live in a lawless Wild, Wild West. If only there were no accountings, not controls, no barriers, we will all be rich! But only CRIMINALS will get rich in these societies! I am a mother and trust me, give a child an inch, they take a mile. This is why we have to have ‘eyes on the back of our heads’ and to be vigilant with our children. Many of the out of control children in communities are the spawn of parents who are either much too indulgent or so careless about their children’s moral upbringing, they don’t bother keeping their children on a very short leash.

Gnomes are very child-like. If you let them patrol themselves, they always, always run amok. They are also foolish. I talk a lot about the Cave of Wealth and Death. Foolish humans think, if only they can evade HUMAN control, they can tap into this wonderful but deadly source of infinite wealth and everyone can become rich via magic. But I caution and all ancient stories agree on this: the source of infinite wealth is guarded with terrible guards! They are extremely rigorous and in the end, always ‘balance the books,’ often quite crudely and even violently. Millions and millions of humans can die in this process of ‘unwinding’ ridiculous financial schemes!

Continued>>>
http://emsnews.wordpress.com/2008/12/14/all-old-alliances-are-collapsing-in-trade-collapse/#more-665

[Warpy]

1. Pain woke me at 4 AM and at 5 I turned on some morning news show

whose name escapes me, trying to bore myself back to sleep. Before it succeeded doing so, I heard a list rattled off of some of the institutions and people Madoff's Ponzi scheme hurt. It is a long one and covers a lot of pension funds, municipal and private, plus university endowments.

"Everybody" knew what Madoff was up to, yet the SEC failed again and again to stop him.

Everybody at the SEC in a position to act and who didn't act belongs in prison with him.

[formercia]

2. for every dollar someone makes, someone else loses.

plus the brokers skim a commission. They make money both ways.

Eventually, someone loses. You can't create wealth out of thin air.

[Robbien]

3. Germany will pursue US financiers in court across the planet and in the US itself. Ditto, the Chines

So they will circle the wagons and defend themselves no matter how much this annoys us. "


There aren't enough defenders of the US financiers. Most of their defenders are waging their battles for them in the Middle East. I expect the financiers are thinking it is now time to drop this all voluntary program and get ready for the Draft.

[tama]

4. The list

http://biz.yahoo.com/ap/081215/wall_street_arrest.html

Many big players decline comment. Hark!