"Government cannot prevent nature from taking its
- David Rosenberg, chief North American economist
funds are now targeting each other.
Morgan Stanley and
who made obscene profits by shorting stocks in the past, are vociferously
against the practice now that their stocks are the ones being destroyed." -
"Oil prices are largely not determined by supply
and demand but the trading desks of large
firms." - Michael Masters, hedge fund manager
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 10/22/08A
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
focus on and may place funds in anything
that is touted as a "security." A security may be simply
entry in a software system that is fungible, ie. you can trade it for
entry in a different software system. 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
Management. Although the shareholders lost their assets the creditors were
paid off by the Federal
Reserve. The loss of $4 billion in five
weeks were followed by a precipitous drop in stock value across the board. Sometimes 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' stock options. ('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
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 Hugh Son
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.
Marin 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,
James Harris Simons
'earns' $1.6 billion.
Pickens 'earns' $1.5 billion.
Ken Griffin 'earns' $1.5
2006 Ospraie 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
James Harris Simons
'earns' $1.7 billion.
2007 Senate 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
Bear Stearns hedge fund
Enhanced Leverage Fund and High-Grade Fund together borrows $20 billion
to invest in sub-prime mortgage backed bonds. 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
Soros 'earns' $1 billion.
Cohen 'earns' $900 million.
Bruce Kovner 'earns' $715
Paul Tudor Jones 'earns'
Tim Barakett 'earns' $675 million.
David Tepper 'earns' $670
Carl Icahn 'earns' $600
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, Jewish and 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,
awe and heart attacks 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 personal moral 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
Hedge fund managers hold their assets
one year and one day magically converting short term assets into long term
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
"Most 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)
"Goldman Sachs was
one of the founding partners of online commodities and futures marketplace
Intercontinental Exchange (ICE). And ICE has been a primary focus of recent
congressional investigations; it was named both in the Senate's Permanent
Subcommittee on Investigations' June 27, 2006, Staff Report and in the House
Committee on Energy & Commerce's hearing. Those investigations looked into
the unregulated trading in energy futures, and both concluded that energy
prices' climb to stratospheric heights has been driven by the billions of
dollars' worth of oil and natural gas futures contracts being placed on the
ICE, which is not regulated by the Commodities Futures Trading Commission." -
This web site is not a commercial web site and
is presented for educational purposes only.
This website defines a
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 religious ideology. This
web site marks the founding of a system of philosophy named The Truth of the
Way of Life - a rational religion based on reason which requires no leap of
faith, accepts no tithes, has no supreme leader, no church 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 spelled out in detail on
this web site by the author. Violent acts against individuals due to their
religious beliefs in America is considered a "hate crime."
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.
American 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 mass
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 their purposes.
All views and opinions presented on this web
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their writings, showed the capacity for intelligent, reasonable, rational,
insightful and unpopular thought. All factual information presented on this web
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redacted, combined, added to, re-edited and re-corrected as nearly all opinion
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clearer and relevant to the reader in the present time.
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