How many billionaires have to die?

[Penguin]

[Joe Hillshoist]

We probably could I spose.

Good to see someone has a heart.

[anothershamus]

Hugh Manatee Wins wrote:

Psyops culture is an intensely complex web of witting agency leading unwitting culture to create force magnification with plausible deniability.

Terrific way to put that manatee: Subtle edging in the direction that we don't really ALL want to go. (SOME of the people would go there, (i.e. George Bush, materialistic assholes, warmongers, aka billionaires, etc.))

Joe Hillshoist wrpte:

Okay, I'll believe Boots, but come on: this example is like getting two pair in poker (who hasn't imagined apocalyptic New York scenarios), whereas "The Coup" cover's combination of visuals, "Covert Action Labs" detonator and timing just before 9/11 is more like hitting the lottery two weeks in a row.

Man wins $25,000 lottery two days in a row

msnbc.msn.com — An airline pilot from Maplewood won a $25,000 lottery jackpot — two days in a row.Raymond Snouffer Jr. matched the winning numbers 11-14-23-26-31 to win Saturday's Northstar Cash drawing with odds of about 170,000 to 1, Minnesota Lottery officials said.

link here:
http://digg.com/odd_stuff/Man_wins_25_0 ... w?FC=PRCK1

[JackRiddler]

.

Can't we put the billionaires in reeducation camps? It's not that I'm a stinkin' billionaire-lover, but bloodshed has a habit of leading to more bloodshed, and while I admit the odds are poor, a well-designed and fully funded program with a nice, low reeducator-to-billionaire ratio and enough dunce caps and adorable kittens for everyone might yield a few formerly unethical credits to society. You never know.

I think the Napoleonic solution is about right, I've thought it's what should happen to the Bush mob. Sequester them on Truth Commission Island and let them earn privileges through truthful testimony about all they did.

It's not that you can't imagine a genuinely free and peaceful utopia that is also practically feasible and satisfying to the human soul, once set up; the snags are on the way from here to there.

.

[beeline]

Not quite a billionaire, but just as insidious


SEC: Forte says he has no money to repay anyone


Posted on Thu, Jan. 8, 2009

By Harold Brubaker

INQUIRER STAFF WRITER

Federal authorities charged Joseph S. Forte, a Broomall investment manager, with operating a multi-million-dollar Ponzi scheme since at least 1995.
Civil charges were brought yesterday in federal court in Philadelphia by the Commodities Futures Trading Commission and by the Securities and Exchange Commission.

Forte, 53, obtained an estimated $50 million from as many as 80 investors, reporting annual gains that ranged from 18.52 percent to 36.19 percent, the CFTC and the SEC said.

He confessed to taking $10 million to $12 million for himself and used $15 million to $20 million of investors' money to pay off other investors - the hallmark of a Ponzi scheme, the authorities said.

Forte's latest report to investors, on Sept. 30, claimed that his fund's value was more than $154 million. The actual balance of his trading account was $146,814.

Late last month, he told authorities that he does not have money to repay investors, the SEC complaint said. It is not clear what he did with the money.

"His deception was complete," said Daniel M. Hawke, director of the SEC's regional office. "It wasn't until he realized that he wasn't going to be able to continue honoring redemption requests" that he gave up on the scheme, Hawke said.

The lawsuits allege that Forte told investors in his firm, Joseph Forte L.P., that he would trade in securities futures contracts, such as Standard & Poor's 500-stock index futures, foreign currency futures, and metal futures.

However, Forte did very little trading. From October 2002 to February 2007, Forte deposited no money in the trading account. Between 1998 and 2008, he lost $3.3 million trading mostly S&P 500 futures contracts, according to the lawsuits.

Forte, who has never been registered with the SEC, admitted that he misrepresented and falsified Forte L.P.'s trading performance from the beginning, the SEC said.

The CFTC charged Forte with solicitation fraud, misappropriation of pool funds, sending customers false account statements, and failing to register with the CFTC as a commodity pool operator.

One investor said he understood it to be fine that Forte was not registered because he was investing only for "friends and family," which in some cases can exempt an investment manager from regulation.

"He should have been registered, given the size of the pool and the number of people in the pool," said Stephen J. Obie, the CFTC's acting director of enforcement.

A federal judge in Philadelphia, Paul S. Diamond granted a preliminary injunction late yesterday, freezing Forte's assets and preserving records. Forte and Forte L.P. consented to the order without admitting or denying the allegations, the SEC said.

Forte was in court yesterday without a lawyer. This week he has not returned calls seeking comment.

http://www.philly.com/philly/hp/news_update/20090108_Charges_filed_against_Forte_in_Ponzi_scheme.html

[cptmarginal]

First, Thierry de la Villehuchet, a Madoff fund manager

Check out this recent article on Deep Capture: Bernard Madoff, the Mafia, and the Friends of Michael Milken

And, finally, there is the sad story of the French aristocrat Monsieur Rene Thierry Magon de La Villehuchet.

As you will recall, this aristocrat almost single-handedly funded Leon Black’s Apollo Group. And you will remember that this aristocrat also played a key role in Black’s bid for Executive Life – a bid that turned out to be illegal, resulting in Black losing an $80 million lawsuit to the father of Deep Capture reporter Patrick Byrne.

In later years, this French aristocrat remained one of Leon Black’s most important business associates. He was a loyal friend – a committed member of the Michael Milken network – even after Black’s Mafia business partner Felix Sater threatened to murder Patrick Byrne (This according to the courier of that threat, who quoted Felix as saying, “we’re going to fucking take it private” if Patrick continued his crusade against illegal naked short selling.).

All of which makes it interesting to know that this French aristocrat also raised billions of dollars for the greatest Ponzi scheme the world has ever known – a Ponzi scheme that entailed illegal naked short selling that probably helped topple the American financial system.

That’s right, Monsieur Rene Thierry Magon de La Villehuchet not only provided most of the initial funding to Milken-crony Leon Black’s Apollo Group. He was also one of the most devoted “feeders” to the Bernard Madoff $50 billion phantom stock Mafia swindle.

And one day last month, police entered a luxurious office in a New York skyscraper. On the desk, there were pills (what kind of pills has not yet been revealed). On the floor, there was a box cutter. There was no note.

But there he was — Monsieur Rene Thierry Magon de La Villehuchet.

He was dead.

They said it was suicide.

[JackRiddler]

.

Heh. I'm always smiling whenever this thread bumped back up, because of the wonderful title. Thanks, anothershamus!

[American Dream]

Yes, I like the title too. In the spirit of May 1968, when the battlecries of Paris included "Mort aux Vaches!" (roughly,"Death to the Cops!"), I think we have an alternative answer to "How many billionaires have to die?".

If the answer ain't "All of them!", metaphorically at least, then at minimum they ought to go somewhere where they won't cause too much harm anymore.

I'm thinking Pluto....

[anothershamus]

cptmarginal wrote:

Check out this recent article on Deep Capture: Bernard Madoff, the Mafia, and the Friends of Michael Milken
http://deepcapture.com/

I just read a tiny bit of the deep capture article and boy we are in for it. It really is the Mafia and Russians working the capitalist system for all it's worth.

One must read the following article as well and see how they tie in. Note the date, and she (Cathrine Austin Fitts), says that a major hearing was scheduled for the 12, Sept. 2001, OOPS! bad timing, she says Rumsfeld and the Pentagon had 'taken', 'lost', 'spent' or 'stolen', more than 4 Trillion dollars and couldn't hide it anymore....
Hide it in Building 7 and no one will ever know.

Source: Solari - Cathrine Austin Fritts

In the fall of 2001 I attended a private investment conference in London to give a paper, The Myth of the Rule of Law or How the Money Works: The Destruction of Hamilton Securities Group.

The presentation documented my experience with a Washington-Wall Street partnership that had:

* Engineered a fraudulent housing and debt bubble;
* Illegally shifted vast amounts of capital out of the U.S.;
* Used “privitization” as form or piracy - a pretext to move government assets to private investors at below-market prices and then shift private liabilities back to government at no cost to the private liability holder.

Whole article here:http://www.blacklistednews.com/news-3230-0-13-13--.html

[justdrew]

"How many billionaires have to die?"

Um, how many are there? That many.

[MacCruiskeen]

"How many billionaires have to die?"

Only those who try to resist arrest.

Seriously, a society that tolerates the existence of billionaires is a very sick society. Property (I don't mean your wardrobe) is theft.

[vigilant]

"How many billionaires have to die?"

Only those who try to resist arrest.

Seriously, a society that tolerates the existence of billionaires is a very sick society. Property (I don't mean your wardrobe) is theft.

Mc, you just struck gold with that comment. This one.

"Only those who resist arrest"

Who, in God's world, would be arresting the billionaires at a time like this? That is, by far and wide, one of the most interesting questions that could ever be answered at this time. Who? Who would wish them ill besides the powerless? Since the powerless have no power they are not arresting them. Since the billionaires are part of the power class it wouldn't be their peers. So who? The justice department hardly dispenses justice to the rich and powerful billionaires because if it did they would not be rich and powerful billionaires would they?

So who? Who is willing to sacrifice their 'tool's that have been such an integral part of the sham? That question burns for an answer. Some billionaires that work for J.P. Morgan and Goldman Sachs are protected by the shield of armor that nobody can penetrate, while others are apparently griss for the mill.

What makes this distinction?

[MacCruiskeen]

Mc, you just struck gold with that comment. This one.

"Only those who resist arrest"

Who, in God's world, would be arresting the billionaires at a time like this? That is, by far and wide, one of the most interesting questions that could ever be answered at this time. Who?

Help is at hand, vigilant. On December 22nd 2012, an intense burst of cosmic energy from the centre of the galaxy will meld the minds of 8,000,000,000 Earthlings into a single spiritualised superintelligence, the noosphere, which will instantly become conscious of itself, and say: "Stuff this for a lark, let's arrest the billionaires."

It's all taken care of, so there's no need to start organising or anything. Best of all, even the billionaires will see the wisdom of it.

[vigilant]

Mc, you just struck gold with that comment. This one.

"Only those who resist arrest"

Who, in God's world, would be arresting the billionaires at a time like this? That is, by far and wide, one of the most interesting questions that could ever be answered at this time. Who?

Help is at hand, vigilant. On December 22nd 2012, an intense burst of cosmic energy from the centre of the galaxy will meld the minds of 8,000,000,000 Earthlings into a single spiritualised superintelligence, the noosphere, which will instantly become conscious of itself, and say: "Stuff this for a lark, let's arrest the billionaires."

It's all taken care of, so there's no need to start organising or anything. Best of all, even the billionaires will see the wisdom of it.

I am totally laughing my ass off Mc, and thank you for the reply. Sometimes I need a good wind of laughter to dust off the cold hard barnacles of reality.

Your answer certainly scrubbed some of the barnacles off of me and I luv ya for your answer. Even though it didn't answer the all time question of questions I can walk away from this puter with a laugh. Which is exactly what I shall do at this instant because a lady friend of mine says she intends to visit me and distract me from the lifes dichotomous nature.

So in good stead I trod out into the 'known' and plan to have myself a merry good time. And to my comrades, and adversaires alike, I say good day, good night, and may the morrow find you allright.

[vigilant]

"How many billionaires have to die?"

Only those who try to resist arrest.

Seriously, a society that tolerates the existence of billionaires is a very sick society. Property (I don't mean your wardrobe) is theft.

Mc, you just struck gold with that comment. This one.

"Only those who resist arrest"

Who, in God's world, would be arresting the billionaires at a time like this? That is, by far and wide, one of the most interesting questions that could ever be answered at this time. Who? Who would wish them ill besides the powerless? Since the powerless have no power they are not arresting them. Since the billionaires are part of the power class it wouldn't be their peers. So who? The justice department hardly dispenses justice to the rich and powerful billionaires because if it did they would not be rich and powerful billionaires would they?

So who? Who is willing to sacrifice their 'tool's that have been such an integral part of the sham? That question burns for an answer. Some billionaires that work for J.P. Morgan and Goldman Sachs are protected by the shield of armor that nobody can penetrate, while others are apparently griss for the mill.

What makes this distinction?

And upon leaving, I could answer this question without fail, and so accurately, but I shall not. I want the most inquiring minds to seek the answer for themselves. More reasons exist for my non answer, but for now, this is all it can be. Use your grey matter. Spin the tale, what? oh what? could it possible be? More than that, I cannot say........