- In the news the other day it was revealed that over 8
trillion dollars has been lost in the stock market since the peak in 2000.
When someone loses, someone gains from their loss. This is what this article
reveals----how the Wall Street insiders make trillions of dollars when
the stock market DECLINES and stock prices GO DOWN. Please post this on
Rense. It can give the public the insight about the corruptness and criminality
of the stock markets and the men behind the scenes who are the real criminals
on Wall Street.
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- This article is very timely and informs the people of
how the stock markets and commodity, currency, bond and option markets
are controlled and manipulated by the Wall Street insiders also known as
part of the New World Order.
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- The trillions of dollars that have been stolen by Wall
Street market maker {specialists} insiders through "short selling"
as described in this article makes the Enron, Worldcom etc. scandals look
like kindergarden and this kind of stock manipulation must be revealed
to the public.
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- The unsuspecting investmenting public only think that
money is made when markets go up. As explained in this article, the Wall
Street insiders are making trillions of dollars as the markets go DOWN.
No one is writing about this important fact. Everyone is unhappy that the
markets are declining, but the WALL STREET INSIDERS ARE VERY HAPPY ABOUT
THE RECENT PLUNGE IN STOCK PRICES.
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- Not many people are aware of "short selling,"
so please read the part about "short selling" in this article,
if you haven't already done so, and than maybe you can understand the implications
of this.
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- You have mentioned that investigations will not happen
and that is probably true, so if you like you may take out all the writing
calling for investigations.But at least run the article, as I haven't seen
anyone talking about "short selling," which is the major way
Wall Street insiders steal the people's money in all these markets.
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- Keep up your good work.
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- Michael
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- THE WALL STREET GANG
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- Richard Ney wrote a very interesting book on the stock
market about 40 years ago called "The Wall Street Gang" In his
book Mr. Ney explained why the stock market is the biggest most illicit
gambling casino in the world. In this article I am writing, some of what
Mr. Ney wrote about will be discussed. I suggest that every investor
in the stock, bond, commodity and currency markets read this
book and maybe they will never again "invest" and lose their
money to the crooks and con men who run the markets.
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- Almost every investor or trader trusts the stock market
and thinks that the stock market is a legitimate market that is regulated
by the government. IN REALITY THE GOVERNMENT IS CONTROLLED BY WALL STREET
and the stock market is a crooked gambling casino designed to steal people's
money.
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- The New York Stock Exchange,Nasdaq and every other stock
exchange in the world is set up to steal the investors and traders money
in the biggest most crooked gambling casinos anywhere. Almost every investor
is misled to trust the stock market as a legitimate way to make money.
When in reality very few people ever make money in the stock market.You
may make money sometimes, but if you continue to leave your money in the
stock market and buy and sell various stocks, switching from one stock
to another---eventually just like in Las Vegas, you will lose.
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- The stock market, as it is set up today, should
be thoroughly investigated by an outside uncorrupted citizens committee,and
after such an investigation, the people will see the truth and demand that
THESE CON MARKETS BE DISBANDED AND ABOLISHED, and a new fair legitimate
investment vehicle be created that people can understand and trust.This
new market can help businesses raise capital and at the sametime give
the investor or trader a real chance to succeed and not lose
his money. Also the new system can be designed to eliminate as much as
possible the unnnecessary "BOOM AND BUST" cycles that
the inside market manipulators artificially create to enrich themselves
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- THE WALL STREET GANG "LEGALLY" STEALS PEOPLE'S
MONEY
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- Wall Street started on the corner of Wall Street around
the beginning of 1900, where crooks and con men would try to
get people to buy worthless printed stock certificates in the new form
of business called corporations. Corporations gave individuals a way to
steal people's money and limit the liability of the individuals who owned
the corporations. One need only look at the current Enron and Arthur Andersen
scandal to see this in action.So far in this multi-billion dollar
scam and theft not one person has gone to jail and it will be interesting
to see who or if anyone will actually go to jail for commiting this huge
crime. The people who sit on Enron's or Arthur Andersen's boards of directors
are not even identified in the media or charged with a criminal act.
This is the way Wall Sreet works because WALL STREET WAS DESIGNED BY CROOKS
TO STEAL PEOPLE''S MONEY! The crooks who control Wall Street also designed
ways for themselves to ESCAPE HAVING TO GO TO JAIL
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- So in the early nineteen hundreds, the crooks and
con men, who were selling worthless paper in various corporations,
got together and set up shop in the current location on Wall Street
called The New York Stock Exchange. One of the smartest things they
did was to set up a very high powered public relations and news dissemination
department within the New York Stock Exchnge that put out the message that
the public could "trust" The New York Stock Exchange and the
stock markets on Wall Street. And obviously this has worked amazingly well, ALLOWIMG
THE CROOKS THAT CONTROL WALL STREET TO STEAL MULTI-TRILLIONS OF DOLLARS
OF THE PUBLIC'S MONEY over the past 100 years,with very few of the crooks
and con men ever going to jail.
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- Some Of The Ways The Wall Street Crooks Steal Your Money
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- We will mainly talk about the stock market in this article.
The same theft techniques are also practiced in the Bond, Commodity,Currency
and Option markets. In a public investigation, the familys,relatives
and friends working together and their connections in all these markets
would be revealed.Some of the names you may be familiar with are Salomon
Brothers, Smith Barney, Lehman Brothers, Merrill Lynch, Goldman Sachs
and Prudential Bache.These are some of the largest investment banking and
brokerage houses.There are others.The names of the real "elites"
and the "master crooks and con artists" are those who sit on
the boards of directors of these major Wall Street investment banking
and brokerage corporations.
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- Selling Worthless Stock Certificates In Initial Public
Offerings---IPO
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- The main way the crooks "legally"steal your
money is by being permitted to print stock certiicates, which in essence
is another way to print currency. These stock certificates can legally
be sold for as much money as the crooks can get. The investment banking
houses like Salomon Brothers etc. charge high fees to the corporation for getting
investors, mutual funds, pension funds and the public to buy their
stock certificates in the Initial Public Offering {IPO}, which is when
the stock of a corporation is first sold on the stock market. True, some
of the money that the stock certificate is sold for actually goes to the
corporation that the investment bankers are selling the stock certificates
for and will be used by the corporation to run their business..
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- At the time of the I.P.O., security analysts that work
for the brokerage houses may recommend to their clients that they
should buy this stock. Stock brokers call their clients
and tell them of a great new company and recommend that their
client should buy some of the stock of this company. A major
sales and pulblicity campaign is created by the investment banking and
stock brokerage firms handling the IPO to "push" the sale
of this stock. In the early days of Wall Street, this was called
"boiler room" techniques. You rarely hear this term today because
the stock market has been so slickly legitamized in the media, that almost
everyone is misled to believe that the stock market is a lily white legitimate
market. The public is shocked to hear of an Enron, WorldCom, Xerox,Global
Crossing etc.scandal.
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- When the IPO first hits the market as was the case of
many dot.com internet stocks in the past hot bull market, there may be
such a public frenzy from all the pre-planned sales hype and media blitz,
that the IPO may be able to claim a premium over the officially quoted
offering price.The corporation only receives the offering price of the
IPO minus high investment banking sales commissions and other fees.The
investment banking firm can trade and sell their stock in this company
at the premium prices in order for them to keep an "orderly market"{which
will be explained later} for the IPO. In so doing the investment banking
firm may be able to sell their stock at double, triple or in the dot.com
days ten times the original offering price in some cases.The investing
public and the stockholders who work for the new IPO corporation are warned
that they can't sell their stock and take their profits in the beginning
days of an IPO and that they are REQUIRED to hold their stock in the
IPO
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- By the public and workers for the new IPO corporation
not being "permitted" to sell their stock and make a huge
profit, in the opening days of the IPO, keeps a lot of stock off the
market, This allows the market manipulator crooks to artificially
"spike" the price of the stock upwards since so much
demand was created for the new IPO during the bull markets of the
nineties.The result is that unsuspecting investors who put in market orders
{orders to buy the stock at the whatever the market price is at the time
the order was placed} are surprised to see that the price they paid for
the new IPO stock was 2 or 3 or even 10 times the original offering price.These
novice investors now hold their stock in the new IPO hoping this worthless
overpriced stock will go even higher. Eventually in almost every case the
"novice investor" loses most or, in the dot.com days, all of
his money.
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- The corporation putting their stock on the market
for the first time may not even have any sales let alone profits, but the
investment banking firm can legally sell these"worthless stock certificates"
for hundreds of millions or even billions of dollars and make hundreds
of millions of dollars for themselves in this Initial Public Offering.
As we all know many of these worthless dot.com companies went out of business,
but that didn't matter to the investment banker crooks, who made millions
and billions of dollars from these Initial Public Offerings.
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- There are many lawsuits pending from people who lost
their money to these crooked brokerage firms who stole their money by making false
statements and committing other fraudent practices. Eventually the investment
banking and brokerage firms will be permitted to settle out of court in most
of these cases and pay a few million or a few billion dollars to some
of the people who lost their money, but nowhere near the total trillions
of dollars that the brokerage and investment banking firms stole
in the bull market of the nineties. More than likely not one of the "elitist"
individual executives or members of the board of directors from the
investment banking or brokerage firm will go to jail. In fact when the
brokerage and investment banking firm makes their settlement, they
can legally issue a statement saying that they are settling their case
"without admitting any wrongdoing." This is amazing, but it's
the way the crooks set up the system for themselves and the unin
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- The Security And Exchange Commission, a supposed government
"watchdog" to prevent investor fraud, is actually connected to
Wall Street,as many of the people who are appointed to head the S.E.C.
have worked for Wall Street firms in the past. The S.E.C.will
sit and "watch" the individual perpetrators of these crimes,
{investment bankers, stockbrokers,market makers, specialists, "elistist"
boards of directors, "elitist" CEO's etc.} walk away free without
taking any further action, as one can observe in the Enron and all
the other current stock corruption cases. The SEC has not charged
all of the key people involved with these thefts with any crime. Maybe
a few of the crooks will have to pay a" fine" without "admitting
any wrongdoing" That's a pretty good deal considering that some poor
person who is caught stealing maybe $50 from a 711 convenience store
will probably go to jail for commiting his small-time theft and crime. Manipulating
The Markets
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- Most investors think that when the markets go up or down
that this is a completely uncontrolled, random, happenstance occurence.
This is definitely not the case. Once a company"s stock has been initially
sold on the market in an IPO, the movement of the price of the stock simply
becomes a wholesale/retail business for the market maker firms in that
particular stock.Each stock on the New York Stock Exchange and The Nasdaq
exchange have what are called "market makers" or "specialists"
in this stock. In order to become a market maker or a "specialist"
in a stock, you have to meet certain requirements,mainly being a relative,
friend or business associate and connected to the "Wall Street Gang"
who control the markets.You must also have the large amount of cash necessary
to fulfill this job reqirement.
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- The goal of the market maker {also known as a specialist}
is to buy his stock at "wholesale" low prices and sell his stock
at higher "retail" prices, just like any other retail business;
except in this business STOCK CERTIFICATES ARE THE PRODUCT..The market
maker can also make huge profits when the price of a stock goes DOWN, which
will be explained later in this article.This is how the market maker can
make millions of dollars for his firm and himself. The Wall Street insider
crooks have made rules on The New York Stock Exchange and the Nasdaq that
give the market maker many advantages over the individual investor.
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- Since the market maker is trading in so much dollar volume
of his stock,his margin requirement can be as low as 5% instead of
the 50% currently required by the individual investor. Margin requirement
is the amount of money you must maintain in your account to buy the amount
of stock you desire. You can pay 100% cash for the stock you buy or you
can borrow up to 50% of the money for your stock from your stockbroker
and pay interest on the borrwed money The market maker has the
advantage to borrow as much as 95% of the money to buy his stock in the
market.
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- The main job of the market maker is supposed to be keeping
an "orderly" market in the stock that he is making a market for.
If someone wants to buy the stock that he is the market maker for, he is
supposed to keep a supply of stock on hand and sell it to the buyer, if
there's no sellers in that stock available at that moment. If someone wants
to sell and there are no buyers at that moment, the market maker is suppose
to buy the stock
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- If you want to buy or sell large blocks of 1,000,000
etc.shares of stock in a certain company, it is a rule that the market
maker be notified in advance of putting your large block of stock
to sell or your order to buy on the market. You can't just surprise
the market maker with large blocks of stock orders.So the market maker
has the inside special privilege to know how much stock people want to
buy or sell. With such knowledge the market maker can "move the market" in
his stock and increase or decrease the price of his stock based on
the law of supply and demand. If he has an order or orders to buy large
blocks of stock,he can support the stock and take the price higher knowing
that his large block buy order{s} will help him support the price of the
stock.If he has large block sell orders for his stock, he can move the
price lower knowing that he must eventually fill the sell order for the
large block seller. In the course of his buying or selling large blocks
of stock, he c
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- News dissemination helps the market maker move the stock
in the direction he desires it to go.One of the most important rules of
The New York Stock Exchange and Nasdaq, which helps the market
maker make huge amonts of money, is that when a company has an important
news announcement to make that will seriously affect the price of the stock,
the company must tell the important news to the market maker {"specialist"} about
30 days in advance of releasing the news to the general public.This is
supposedly done to allow the market maker keep an "orderly" market
in the stock he trades, but as any stock market professional knows this
would normally be considered "insider" information. It is
illegal for any ordinary individual to use insider information to make
a trade in a stock and profit from knowing the news on that stock
before the information is released to the public. WHAT A GREAT DEAL FOR
THE MARKET MAKER. He can legally profit from knowing insider information
of a cocrooks who control the markets can manipulate the markets to buy
stocks at wholesale prices and sell them at retail prices to an unsuspecting
public.Some people may have a hard time believing this possibility because
they have been programmed by the media that the crooks control, to believe
that the stock market is a legitimate market that randomly moves up or
down on a daily basis without any influence by anyone. Nothing could be
farther from the truth!
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- THESE CROOKS ARE MASTER THIEVES!!!>>>
THEY'RE THE GREATEST CON ARTISTS IN THE WORLD!!!
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- In a normal business, when you want to get rid of
some product and sell it, you have a sale and "substancially lower
the price" of the product you want to sell. In the stock market when
the market maker wants to have a big "sale" and cash in
the profits that he has made from the stock he has accumulated over a period
of time {at lower prices}, he "substancially raises" the price
of the stock that he makes a market for so he can easily easily
sell his product---stock certificates..In order for him to do this, news
stories or analyst recommendations may conveniently appear to get
peoples attention. Ordinary unsuspecting investors may get excited to buy
this stock as they see the price go up substancially. The market maker
then easily sells his own stock that he has previously bought at lower
"wholesale" prices.
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- When the market maker
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- Probably the geatest way the market makers and insiders
make their biggest profits is by a using an ingenious legal stock trading
method called "SHORT SELLING." Whoever thought this one
up was a major genius.Very few of the general public are aware that
"short selling" even exists.Few if any brokerage firms ever advise
their clients to "SELL SHORT." Investors are told how to
make money when stocks go up ,but they are not told "how to make a
profit when stocks go down." This is like telling a person half
the rules in a game of poker or blackjack. The investing public is given
only half the rules in the stock market casino, while the market makers
play the stock market game with all the crooked rules that they made so
they could always control the markets and make huge multi-trillions of
dollars for themselves.
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- "WHAT IS SHORT SELLING???," YOU MAY ASK. Short
selling allows a trader or investor to make money when a stock's price
goes DOWN. "Well how can that be???," you may ask. Very simple
and pure genius. Please follow this carefully,because you're not use to
hearing how this technique works. When you place a "buy" order
for a stock, you are buying the stock with the expectation that the price of
the stock will go up and you will then make a profit. If the price goes
down you lose your money. When you enter an order to "sell short," you
are placing an order to "sell" a stock at the going market price
with the expectation that you will make a profit if the stock goes DOWN.
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- Here's how this legal trade works plus wait till you
hear how the market makers use this trading technique to really steal your
money!!! When you enter your order to sell short, in essence you are selling
the stock before you buy it. You are selling stock that you don't own.
"How can you sell something you don't own," you may ask??? Now
this is pure genius and you've got to hand it to the MASTER CROOKS OF WALL
STREET. THESES CROOKS HAVE MADE A RULE THAT YOU CAN SELL SOMETHING YOU
DON'T OWN. After all it's all only worthless paper stock certificates ,
so what difference does it make??? Here's how it works. You sell the stock
at the going market price and temporarily borrow the stock from a brokerage
firm, who will temporarily "loan" you the stock the stock they
have on hand, so the stock can be legally and officially delivered to the
buyer.
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- "But how do you make money selling this stock short???,"
"you may ask. After you have sold the stock and temporarily borrowed
the stock and the stock was delivered to the buyer, you must now pay back
to the brokerage house the stock that you "borrowed." Let's
say you sold 100 shares of xyz stock "short" at $100. The stock
goes DOWN to $50.You are obligated to pay back the stock you temporarily
borrowed from the brokerage house.You now go into the market and "buy"
100 shares of xyz stock at $50 and your stock is given back to
the brokerage house that you borrowed it from. You've completed the trade
and made $50 per share or $5,000. You simply did a buy/sell trade in reverse.
You first sold and then bought. If the price of the stock would've gone
"up" you would have lost your money.To put it another way,you
bet that the price of the stock would "go down" in the stock
market casino and you WON.
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- But wait you ain't heard nothing yet. If you're a market
maker you can "go naked" as they say and sell a "worthless
paper stock certificate" without even going to all the trouble of
borrowing it. I hope you're starting to get the picture. While
all the suckers are happily and frantically buying overpriced "worthless
pieces of paper" at extremely high prices as in the bull market of
1999-2000,
- the market makers {specialists} were all busy "selling"
you your stock that they didn't even own>>>the market makers were,
that's right everybody, the market makers were 'selling short naked." All
the news media that Wall Street controls was being utilized
to get ordinary investors or pension funds or mutual funds to BUY
BUY BUYstock while the market makers were "selling short." Stock
market analysts working for the crooked investment bankers and brokerage
houses were telling their clients to buy sto
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- If you wanted 1000 shares of xyz stock at $200, no problem,
here's a thousand shares for you, SUCKER.You can buy this 'worthless stock
certificate" in a new dot.com company that had very little sales and
was not making any money. The "paper value"of the dot.com company
may have been a billion or two billion dollars or even more {number of
shares outstanding multiplied by the price of each share of stock}.
Remember,the market maker did not have to legally own the stock he sold
you. He wouldn't be foolish enough to pay high "retail prices"
for a "worthless piece of paper." After he got your money, he
could wait a few months or a year or more and "cover" his short
sale by buying back the xyz stock at "wholesale'" prices of let's
say $5 a share and make a profit of $195 on each of the 1000 shares of
xyz stock that he sold you at $200 a share, for a total profit of $195,000!
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- Remember the job of the market maker is to keep an "orderly"
market in the stock that he makATT etc.} , continue to go even
lower. THE WALL STREET GANG IS GETTING AWAY WITH A THEFT OF TRILLIONS
OF DOLLARS AND NO ONE IS GOING TO JAIL!!!
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- Can you imagine how many billions of dollars the Wall
Street Gang made in Enron, Worldcom, Global Crossings, Juniper Networks,
Lucient and all the other Corporations whose stocks went DOWN from
the highs of $50, $90, $200 to their present price of 6 cents to $5???
TRILLIONS OF DOLLARS WERE STOLEN BY THE WALL STREET GANG BY THEIR USE OF
"SHORT SELLING TECHNIQUES."
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- If the unsuspecting pulbic would wake up and demand
an outside uncorrupted public investigation into the stock, bond, commodity
and currency markets and see the truth about what is going on, they
would be so appalled and so shocked, one would not even want to guess
at what they might do with their anger!!! Forget about any government
investigation, THE CROOKS ARE THE GOVERNMENT>>>The President,
Vice President, Congressmen, Senators, the head of the Federal Reserve>>>they're
all in on it. You don't have to believe this, just have a major citizens
investigation and let's see what we find. After all Enron is real and many
thousands of people lost billions of dollars of their money
to the crooks in Enron. Is the former C.E.O.of Enron, Ken Lay,{Kenny Boy
as President George Bush calls his friend} in jail yet??? President Bush
has even tried to get legislation approved that would allow the American
taxpayers to be able to "invest" their hard earned soc
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- When all was said and done, the public, pension funds
and mutual funds lost multi-trillions of dollars in the bull market of
the latter '90's, and continue to lose even more. In a casino when
someone loses the casino wins. THE WALL STREET GANG WON TRILLIONS OF DOLLARS
OF THE SUCKERS MONEY.They will continue to win and get away with their
crimes as long as people don't know the truth. Tell your friends and they
can tell their friends and maybe someday soon we can all get together and
demand that these crooks and criminals be taken out of society so We The
People can live and prosper in a world of peace.
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- Michael Shore
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- Jerusalem, Israel
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