"Government cannot prevent nature from taking its
- David Rosenberg, chief North American economist
at Merrill Lynch
funds are now targeting each other. Morgan Stanley and
Goldman Sachs, who made obscene profits by
shorting stocks in the past, are vociferously against the practice now that
their stocks are the ones being destroyed." - Bruce Goodman
"Oil prices are largely not determined by supply
and demand but the trading desks of large
Wall Street firms." - Michael
Masters, hedge fund manager
"Hedge fund riches helped inflate the price of
everything from modern art to Manhattan real estate. Top managers raked in
billions of dollars a year, and managing a
fund became the running
Wall Street." - Louise Story
hedge fund is a private
Hedge funds are not subject to
any direct regulation by
the SEC, the NASD, or any other federal regulating
Hedge funds may hold long or
short assets, may enter into futures,
swaps, short selling schemes, security investment
vehicles or other derivative contracts.
Some hedge funds focus on other
financial instruments including commodity
futures, options, and
emerging market debt.
focus on and may place funds in anything
that is touted as a "security."
A security may be simply
an electronic entry in a software system that is
fungible, ie. you can trade it for
an electronic entry in a different
As hedge funds typically use
leverage/gearing or debt to invest,
the positions they can take in the financial markets are larger than their
assets under management.
Only 17% of hedge fund managers viewed an
economic downturn as a bad
1998 During the
first phase of deregulation the financial industry had a near-meltdown
triggered by the collapse of the hedge fund
Long-Term Capital Management.
Although the shareholders lost their assets the creditors were paid off
by the Federal Reserve.
of $4 billion in five weeks were followed by a precipitous drop in stock
value across the board.
touted as the 'tech bubble'
this wiped out much of the paper wealth of lower echelon corporate management,
members of the middle
class, in the form of 'under water'
'Under water' stock
options are granted at a price higher than the price the grantee can now sell
the stock for on the open market thus
returning the wealth to
controlling corporate interests.
Fed assembled a consortium of banks to
rescue Long-Term Capital Management, and
it took 15 months, from September 1998 to January 2000, to negotiate their way
out of trades tied to more than $1 trillion in bets." - Richard Teitelbaum and
Tiger Management fails after raising $6 billion.
2003 Aman Capital is set up by top derivatives traders at
UBS. Leveraged trades in
credit derivatives resulted in an estimated loss of hundreds of millions of
dollars. Dissolved June 2005.
Edward Lampert 'earns' $1.02
2005 Bailey Coates Cromwell Fund
leveraged trades chop 20% off of a $1.3-billion portfolio in a matter of
months. Dissolved June 20, 2005.
Capital a California-based hedge fund attracted $1.7 billion in capital and put
it to work using credit arbitrage and convertible arbitrage to make a large bet
on General Motors.
General Motors' bonds downgraded to junk,
fund crushed. Dissolved on June 16, 2005.
James Harris Simons 'earns' $1.6
T. Boone Pickens
'earns' $1.5 billion.
Griffin 'earns' $1.5 billion.
Management LLC closed a $250 million hedge fund specializing in commodity
trading. The Ospraie Point Fund lost 29 percent in five months. Losses from bad
bets in commodities that fell sharply. Dissolved June 08, 2006.
Amaranth Advisors, a hedge fund manager, loses $6 billion in
wrong-way bets on natural gas derivatives in September. Amaranth Advisors net
asset value declined by 65% to 70%. Amaranth Advisors controlled 40% or more of
natural gas contracts in 2006 and in one month controlled 70%.
Edward Lampert 'earns' $1.3
Simons 'earns' $1.7 billion.
investigators conclude that Amaranth Advisors trading actions drove up
the price of natural gas for the entire natural gas market. Amaranth Advisors
agreed to pay $717,000 to settle SEC charges of
violating securities rules.
Bear Stearns hedge
fund Enhanced Leverage Fund and High-Grade Fund together borrows $20
billion to invest in sub-prime mortgage
Investors are told in July 2007 that their investment
of $1.5 billion is gone.
In a survey conducted by Rothstein Kass 61% of
hedge fund managers stated that a recission in America was very likely in 2008.
66% of hedge fund managers said that a recission would bring investment
George Soros 'earns' $1
'earns' $900 million.
Kovner 'earns' $715 million.
Paul Tudor Jones 'earns' $690
Tim Barakett 'earns' $675 million.
David Tepper 'earns' $670
Carl Icahn 'earns'
Hedge fund manager John
Paulson made $3 billion by shorting financials in anticipation of the American
housing market collapse.
John Paulson is also believed to have made 311
million pounds ($428 million) from September to February by short selling
Lloyds Banking Group Plc and HBOS Plc.
"Bernie was known for his
generous philanthropy, especially to Zionist,
Israeli causes. But Madoff
was no Robin Hood, his philanthropic and charity contributions facilitated
access to the rich and wealthy who
served on the boards of the recipient institutions and proved that he was 'one
of them' a kind of super-rich 'intimate' of the same elite class. The
shock and awe that followed Madoff's
confession that he was 'running a Ponzi scheme' drew as much anger for the
money lost and the fall from the moneyed class as for the embarrassment of
knowing that the world's biggest exploiters
and smartest swindlers on Wall Street, were completely 'taken' by one of
their own. Madoff's swindle and fraudulent behavior is not the result of
failure. It is the product of
a systemic imperative and the
economic culture, which informs the highest circles of our class structure.
The paper economy, hedge funds and all the 'sophisticated financial
instruments' are all 'Ponzi schemes' they are not based on producing and
selling goods and services. They are financial bets on future financial paper
growth based on securing future buyers to pay off earlier cash ins." - James
fund managers hold their assets one year and one day magically converting
short term assets into long term assets.
In America the average weekly earnings in 2007 were
15% below the 1972 peak in relative terms according to the Bureau of Labor
Statistics. "Since 1960 each of the seven previous
recoveries ended with a greater percentage of women at work than when it began.
Working women now earn a third of America's total household income, and by and
large, only those homes with a working wife have made real gains in their
standard of living over the last eight years. Yet, over that same period, the
percentage of women employed outside the home has fallen to where it was 12
years ago. Meanwhile, the median hourly pay of women 25 to 48 years of age has
fallen from $15.04 in 2004 to $14.84 last year. This corrosive
pattern holds true, according to the
federal statistics, for all American women, regardless of education, race,
ethnicity or marital or familial status." - Tim Rutten 07/08
working mothers work because their
families cannot survive without their
paychecks. Therefore, by definition, families in which the wife is not
required to work are families feeling a little less crushed by the new economy.
Lucky them. The high number of married women and mothers in the workforce is
not a feminist
triumph; it is merely the result of economic pressures that have reshaped the
American family since the 1980s. I don't know any working
mothers who wouldn't be
happier if their husbands could
support the family by themselves."- Renee Leask
"The real argument isn't
that the top 1% percent pay 40% of federal income taxes, but how they are
taxed. Wage earners can be taxed up to 35%. Capital-gains earners generally can
be taxed as high as 15%. Under this formula, the individuals whose wealth works
for them, by accruing interest and wealth from stocks, are rewarded by the
government for being wealthy enough not to have to work. The rest are penalized
for showing up to work." - Brain T. Finney
Intercontinental Exchange (ICE)
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new perspective with which to engage reality to which its author adheres. The
author feels that the falsification of reality outside personal experience has
created a populace unable to discern propaganda from reality and that this has
been done purposefully by an international corporate cartel through their
agents who wish to foist a corrupt version of reality on the human race.
Religious intolerance occurs when any group refuses to tolerate religious
practices, religious beliefs or persons due to their philosophical ideology.
This web site marks the founding of a system of philosophy named The Truth of
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buildings and in which each and every individual is encouraged to develop a
personal relation with the Creator and Sustainer through the pursuit of the
knowledge of reality in the hope of curing the spiritual corruption that has
enveloped the human spirit. The tenets of The Truth of the Way of Life are
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This web site in no way condones violence. To the contrary the
intent here is to reduce the violence that is already occurring due to the
international corporate cartels desire to control the human race. The
international corporate cartel already controls the world economic system,
corporate media worldwide, the global industrial military entertainment complex
and is responsible for the collapse of morals, the elevation of self-centered
behavior and the destruction of global ecosystems. Civilization is based on
cooperation. Cooperation does not occur at the point of a gun.
social mores and values have declined precipitously over the last century as
the corrupt international cartel has garnered more and more power. This power
rests in the ability to deceive the populace in general through corporate media
by pressing emotional buttons which have been preprogrammed into the population
through prior corporate media psychological operations. The results have been
the destruction of the family and the destruction of social structures that do
not adhere to the corrupt international elites vision of a perfect world.
Through distraction and coercion the direction of thought of the bulk of the
population has been directed toward solutions proposed by the corrupt
international elite that further consolidates their power and which further
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