Posts Tagged ‘faux capitalism’

Starting in the second segment of today’s show on the Genesis Communications Network, I covered my articles, “Private central bank misinformation,” “The real 1933 gold confiscation myths and misunderstandings,” and “E*TRADE requires your passport, alien, or government ID number to activate a new account,” as guest host of “Crash! Are You Ready?” with George Whitehurst-Berry.

Previously, I exposed the AIDS scam and faux capitalism as guest host from March 10-12.

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Jim Cramer, former hedge fund manager and TV personality, blithely explains how the market is manipulated, including illegal activities, by telling us what he did and would do as a hedge fund manager.

Here are some of his most revealing statements (emphasis mine):

“You know, a lot of times when I was short at my hedge fund and I was positioned short, meaning I needed it down, I would create a level of activity beforehand that could drive the futures. It doesn’t take much money. Or if I were long and I would want to make things a little bit rosy, I would go in and take a bunch of stocks and make sure they’re higher and maybe commit $5 million in capital to do it and I could affect it. What you’re seeing now is probably a bigger market now. Maybe you need $10 million in capital to knock the stuff down, but it’s a fun game and it’s a lucrative game.

“I’m gonna boost the futures and then when the real sellers come in, the real market comes in, they’re going to knock it down, it’s going to create a negative view. That’s a strategy very worth doing when you’re valuing on a day-to-day basis. I would encourage anyone in the hedge fund game to do it, because it’s legal, it’s a very quick way to make money, and very satisfying. By the way, no one else in the world would ever admit that, but I couldn’t care. I’m not gonna say it on TV.

“When you get a Research In Motion, it’s really important to use a lot of your firepower to knock that down, because it’s the folcrum of the market today. So I mean, let’s say I were short. What I’d do is I’d hit a lot of guys with RIM. You can’t foment, you can’t create yourself, an impression that a stock’s down. But you do it anyway, because the SEC doesn’t understand it. That’s the only sense I would say it’s illegal.”

“When your company’s in a survival mode, it’s really important to defeat Research in Motion and get the Pisanis of the world and the people talking about it as if there’s something wrong with RIM. Then you would call The Journal and you get the bozo reporter on Research in Motion and you would feed that Palm’s got a killer that it’s going to give away. These are all the things you must do on a day like today, and if you’re not doing it, maybe you shouldn’t be in the game.”

“Apple’s very important to spread the rumor that both Verizon and AT&T have decided they don’t like the phone. That’s a very easy one to do. You also want to spread the rumor that it’s not going to be ready for Macworld. And this is very easy, because the people who write about Apple want that story. And you can claim that it’s credible because you spoke to someone at Apple, because Apple’s not going to issue a statement. It’s really an ideal short.”

“What’s important when you’re in that hedge fund mode is to not do anything remotely truthful, because the truth is so against your view, and it’s important to create a new truth to develop a fiction.

“The great thing about the market is it has absolutely nothing to do with the actual stocks.”

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From Wednesday, March 17 to Friday, March 19, I guest hosted “Crash! Are You Ready?“, the second highest-rated show among online listeners out of nearly 40 on the Genesis Communications Network, just behind Alex Jones.

Exposing the AIDS scampart 1 (Covering the Wednesday, March 17 Washington Times article, “Going too far to battle disease”

Exposing the AIDS scampart 2 (Covering the December 2009 article in the mainstream Russian publication Pravda, “AIDS: The Greatest Deadly Lie in the History of Medicine”

Exposing faux capitalismpart 1 (Covering my previous articles: “The Federal Reserve lies about United States Notes (Lincoln Greenbacks)” and “The U.S. Postal Service: Undercutting the U.S. Dollar Since 2003″

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Fauxcapitalist.com turns one year old today.

While the media and government officials say the recession is over and recovery is on the way, the fundamentals tell a very different story.

Stay tuned for more articles about what’s really going on and how YOU can be educated to survive and thrive throughout all the daily spin.

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Several years ago, shortly after I boarded one of the buses of a major bus company in North America, a question was raised by one of the passengers about the safety of the bus. The bus driver emphatically insisted that safety was their number one priority.

Correction: The only priority of that company, as a corporation, is to maximize shareholder wealth. Period. Safety is only a priority to the extent that it serves to maximize shareholder wealth. To say or believe otherwise is to not understand the fiduciary duty of the officers of the corporation to maximize shareholder wealth, as required by statutes.

There’s no reason according to natural law why that should be the case, of course, since corporations are completely artificial creations. As a result, most of the time, they operate in accordance with how they were intended to operate. If you don’t like it, don’t complain to the officers of an artificial entity who are simply acting in accordance with the statutes enacted by the representative legislative branch of the people — take it up with your representatives!

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The Merriam-Webster Online Dictionary defines capitalism as “an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market.”

Faux capitalism, therefore, is anything masquerading as capitalism, but isn’t capitalism.

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Welcome to Faux Capitalist!

Today begins the expose of Faux Capitalism in all its forms… Stay tuned.

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