The financial time bomb

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The financial time bomb

Author:

PotatoError

Topic:

Diaries

Posted:

Jan 17, 2002

Comments:

Recession looms on us and yet why are the financial institutions so silent about it? Is it because the large corperations and financial consultants can profit from the publics losses?

[editor's note by elenchos] Warning issued to PotatoHead that Adequacy.org has a strict one per day diary policy. Please carefully check the time stamp on your previous diary before spewing forth another bunch of amateur punditry and uninformed opinions. "Diary", after all, means "daily allowance" in Greek, does it not?

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Many financial organisations are there purely for money and dont really care about the customer. This is the harsh truth which anyone who hasnt got their head in the sand agrees with. Through money this "power elite" pretend to rule the world.

The problem is that a recession looms and there is little they can do about it. You would think they would warn us that the interest rate has gone into red but no, the financial elite prefer to stay silent so that they will be able to obtain Common Stock from the losses when certain quota marks are reached. This is what is known as a "Withdrawal plan" and should be resisted at all costs. What they are planning is a serious threat to Capitalism and the Free World.

But seeing dollars on the horizon they actually help to speed up recession even though millions of people will suffer. But the power elite have no concern for ordinary people.

What can we do about this? Well not much: Financial consultants make up the "power elite" and control the interest rate system using a market indicator system called the Tick Indicator.

The only way to take the power elite down is to impose strict tests and sactions on all financial institutes - shutting them down if they resist in any way.

	Oh, crap. (none / 0) (#1)
	by hauntedattics on Thu Jan 17th, 2002 at 12:44:21 PM PST

	Oh man, the word is out and he's on to us financial elites. We were trying to keep the recession under wraps, but his last year's BBC article and a 4-year-old paper from Mt. Holyoke prove his points conclusively. Well, kids, I guess the game is up. Cancel our next meeting. I'm gonna go see if I can join the local chapter of the Illuminati.

	yes i agree (none / 0) (#2)
	by PotatoError on Thu Jan 17th, 2002 at 12:49:12 PM PST

	I can give you more than 2 articles..more than 20 in fact...but I thought you wouldnt like too much information and those two articles are to the point. But obviously you are one of the "power elite" corrupts or more likely one of their "messengers" so im not suprised you are trying to discredit the truth of this article. <<JUMP! POGO POGO POGO BOUNCE! POGO POGO POGO>>

	Question: (none / 0) (#5)
	by RobotSlave on Thu Jan 17th, 2002 at 01:28:29 PM PST

	Are you inarticulate naturally, or is this some sort of post-modern artistic "voice" that you're working on? © 2002, RobotSlave. You may not reproduce this material, in whole or in part, without written permission of the owner.

	how about puts or calls? (none / 0) (#3)
	by innominate on Thu Jan 17th, 2002 at 01:08:43 PM PST

	How about any type of investing that most people don't have a clue about that allows a savvy investor to make money on companies in unbelievable ways? I don't recall which is which, (you can correct me), but a put or call on a stock, set at, let's say $35, and the company files bankruptcy. Whatever that put/call was now pays off for the investor. Nice bet. I'd use it if I had the cash laying around... I imagine that more than a few Investing Elite are getting their 'bets' in on K-Mart as I type this...

	Puts and Calls (none / 0) (#14)
	by eMan on Thu Jan 17th, 2002 at 04:28:41 PM PST

	As one of the "elite investors", let me tell you that making money on options (puts and calls are examples) is harder than it looks. Most of them can be fair-priced quite accurately, and the downside is often much, much greater. You might remember Long Term Capital Management, the big hedge fund that went under a few years ago and almost dragged the country's economy down with it, because it was leveraged to nearly a trillion dollars. Maybe that's a bad example because their primary work wasn't on derivatives, but you get the idea. Anyway, the original post said financial institutions should be audited. Well, they already are, except for hedge funds, VC and PE firms, which are often based offshore anyway. Things like the Long-Term debacle make a strong case for hedge fund auditing, don't you think?

	Puts and Calls (none / 0) (#19)
	by innominate on Tue Jan 22nd, 2002 at 09:59:16 AM PST

	I have some idea of how hard options are by playing a game called Cashflow 202. www.richdad.com I haven't played the market and only have the knowledge I gained playing that game, but as you stated, the real idea is auditing funds. I agree. It seems to me that anything that has a specialty group, (like a company managing a fund), has the potential to be un-ethical. Potential. If something is managed by specialists, then it should be checked on to make sure the ethics are in, especially where money is concerned. It has a propensity toward corruption...

	world capitalist conspiracy (none / 0) (#4)
	by nathan on Thu Jan 17th, 2002 at 01:12:45 PM PST

	The only way to take the power elite down is to impose strict tests and sactions on all financial institutes - shutting them down if they resist in any way. Trolling is forbidden on this site. This is your fair warning. Nathan -- Li'l Sis: Yo, that's a real grey area. Even by my lax standards.

	maybe.. (none / 0) (#7)
	by PotatoError on Thu Jan 17th, 2002 at 02:28:14 PM PST

	..you dont understand the definition of a troll. "The only way to take the power elite down is to impose strict tests and sactions on all financial institutes - shutting them down if they resist in any way." Why is that unreasonable? Test each company's integrity and honesty, if they fail or refuse to take the test then they are shut down. <<JUMP! POGO POGO POGO BOUNCE! POGO POGO POGO>>

	Dream the impossible dream (none / 0) (#6)
	by Anonymous Reader on Thu Jan 17th, 2002 at 02:24:52 PM PST

	The only way to take the power elite down is to impose strict tests and sactions on all financial institutes - shutting them down if they resist in any way. How will you do that if you are not among the power elite?

	question to editor (none / 0) (#8)
	by PotatoError on Thu Jan 17th, 2002 at 02:31:11 PM PST

	If Adequacy has a one day per diary entry policy then why does it let me submit two within 24 hours? <<JUMP! POGO POGO POGO BOUNCE! POGO POGO POGO>>

	Answer (none / 0) (#9)
	by osm on Thu Jan 17th, 2002 at 02:36:03 PM PST

	It doesn't. You have obviously been tampering with the system. Please expect punishment.

	Mmmm yes. The punishment. (none / 0) (#10)
	by elenchos on Thu Jan 17th, 2002 at 02:42:52 PM PST

	That's the best part. Software is for menial tasks you don't enjoy. Why write code to handle something you would rather do yourself? I do, I do, I do --Bikini Kill

	uh oh (5.00 / 1) (#11)
	by PotatoError on Thu Jan 17th, 2002 at 04:01:57 PM PST

	All of a sudden I realise how that "your favorite torture" poll fits in. <<JUMP! POGO POGO POGO BOUNCE! POGO POGO POGO>>

	On a positive note (none / 0) (#15)
	by iat on Thu Jan 17th, 2002 at 05:06:18 PM PST

	At least neither of your diary entries were half as dull as those on kuro5hin. Adequacy.org - love it or leave it.

	Dear Sir, (5.00 / 1) (#12)
	by Martino Cortez PhD on Thu Jan 17th, 2002 at 04:14:47 PM PST

	As a respected member of the power elite, allow me to tell you, there is no way you and your tin foil hat wearing friends will stop us. We control the TV. We control the Newspaper. We control the internet. We control several large three letter governmental orginizations. We control your place of business. We control your wife (assuming you have one. If you did, "she" is probably inferior to our brand wife). We control your dog. We control your friends. We control your ice cream man. We control your mailman, your car, your lawn mower, your drug dealer, your walk to work, your vegetables, your flight paths, and your underwear. In fact, we are perfecting a so called "Mind Control Ray", for which you my friend, wear your tin foil hat. Be afraid my good man, be very afraid. We are all against you. Everybody. Look around you, see those people? They are against you. That cute blond over their - one of us (watching you). Everybody. Might I sugest you live in a cave somewhere. Then you will be safe. Nobody will hurt you there. You don't have to deal with this thing known as "reality" that you hear so much about. Instead, you can live blissfully ignorant of the true, free market nature economic system, one where the consumer, as in you and me, control everything. I seriously doubt you know anything about economics, or capitalism. Instead, you taint your view reading biased, ill informed, trash. Oh, wait... We control the caves as well. Sorry. You'll just have to find somewhere else to move your communist, money hating, ill-educated, quasi-logical, paranoid self. Thank you sir, -- Dr Martino Cortez, PhD CEO - Martin-Cortez Financial Corporation Copyright © 2002, Martino Cortez.

	Pardon me sirs, (none / 0) (#13)
	by Martino Cortez PhD on Thu Jan 17th, 2002 at 04:27:44 PM PST

	My typists, in a fit of passion, mis typed the last so called URL. The correct URL for "trash" should have been http://www.indymedia.org Here is some other trash lest our friend use them as "evidance" -- Dr Martino Cortez, PhD CEO - Martin-Cortez Financial Corporation Copyright © 2002, Martino Cortez.

	cheese (none / 0) (#17)
	by PotatoError on Thu Jan 17th, 2002 at 06:23:19 PM PST

	heh heh heh you own all that but you cant even find one man called Bin Laden. sucks doesnt it? Then again you dont 0wn the cheese do you?! Ive got cheese!!! Ive got cheese!!! SMELL MY CHEESE YOU MOTHER! MWHAHAHAHAHHAHA! I have no time for your ethical arguments about whats "right" and "wrong". After a brief study of metaethics I have come to the conclusion that the whole deal with "ethics" is just some made up pipe dream which unfortunately im not stupid enough to support. <<JUMP! POGO POGO POGO BOUNCE! POGO POGO POGO>>

	Dear Sir, (5.00 / 1) (#18)
	by Martino Cortez PhD on Thu Jan 17th, 2002 at 06:35:09 PM PST

	Dear Sir©, In fact, We™ do indeed control Cheese™. We even control your very own mother. Ethics have nothing to do with this PotatoError sir, but control does. Again, go back to wearing your Tin Foil Hat (I did mention We™ control the Tin Foil™ in that Hat™). -- Dr Martino Cortez, PhD CEO - Martin-Cortez Financial Corporation Copyright © 2002, Martino Cortez.

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