Thanks. Reading the article strengthens my doubt that we are not a democracy for the people and by the people but for the rich & powerful (or crooks) and by the rich & powerful (or crooks). I will not be surpised if most U.S. corporations have been penetrated by these crooks, forming their boards. Asking for shareholders rights through our government-controlled bodies is like asking for democratic rights in Iran to Ahmedinejad!! God only can save us!! The only way to survive is to chose a known company with great product, buy its shares at a low price and sell the shares at a preset price without being greedy and be happy for the return on your investment. To time the market up and down is simply out of the hands of ordinary investors because the crooks will never relinquish those powers which they keep through massive media manipulation. Talking about Mary Schapiro of SEC - just treat her like an agent of these Wall Street crooks or just one of those. Poor clerk at SEC - what can he do except to file and later trash your complaint!!! I have sent complaints to SEC several times in just last two years and nothing happened!! It all perhaps went to the trash.
Dumbest thing I've ever read.
"The main way Wall Street steals your money is through STOCK CERTIFICATES!"
LMFAO, if you believe even one word of this article, you have no business investing and you will CERTAINLY lose all your money.
Citi will be $5 before $2. The Feds will own about 1/3 of the common shares and there are no hedge funds that can compete against them. The government needs the banks to succeed to get the economy going again. Citi is VERY well capitalized now. When this whole "crash" started, Citi had less than 2% in capital reserves and now (by the 28th) it has over 5%. It is not going anywhere except UP! As share prices rise, the GAO will publicize a "healthy return on investment" for the treasury. Citi is the hardest hit of the largest banks. Confidence returns in the banking system as Citi shows a "remarkable" recovery. It shows the world the Federal government has "fixed" the problem. As the banks show more confidence, lending recovers and job losses turn to rehiring. This is all part of the plan. The Federal government is in the driver seat. They have NO vested interest in letting Citi's PPS drop (after they own the common shares). Citi will earn over 5% on revenues in the 2nd quarter just based on currency exchange rates. No other bank will gain anything near this figure (due to overseas investments). Just look at the dollar drop from the 1st to the 2nd quarter. Citi is a buy but do not wait until Friday when the PPS is sure to spike.
The article stated:
"In the news the other day it was revealed that over 8 trillion dollars has been lost in the stock market since the peak in 2000. When someone loses, someone gains from their loss. This is what this article reveals -how the Wall Street insiders make trillions of dollars when the stock market DECLINES and stock prices GO DOWN-.
That statement is not even close to being true!
Johnny purchased 1,000 shares of “C” in September 2008 for $20.00 a share; 2-days later “C” drops to $18.00 and Johnny decides to get out and sells all his shares and investor Julie buys them (Johnny losses $2,000); Julie holds hers shares for one week In hopes that the 10% drop in 2-days that Johnny incurred was a fluke but “C” drops even farther to $14.00, Julie decides to sell and investor Paul buys her shares (Julie losses $4,000); Paul holds his shares for one month thinking that the 25% loss Julie incurred will be his gain, but in fact “C” losses another $4.00 soPaul decides to sell his shares and Tim the shrewd investor buys them (Paul losses $4,000); Now Tim, being the shrewd investor, thinks he is going to make a killing off of Johnny’s, Julie’s, and Paul’s losses. He thinks that his $10.00 “C” stock will go back to $20.00 and that Johnny, Julie, and Paul were stupid for selling their shares to him on the cheep. However, within one week “C” drops from $10.00 to less then $4.00 and Tim just lost 60% ($6,000) on his SHREWD investment. As well all know, “C” is now bellow $3.00; the shares traded between September to December 2008 (actually all the way to where we are today) went from one loser to another loser to another loser, $16,000 was lost in only 2-months. So tell me who earned $16,000 from those 1,000 shares in that 2-month period? And don’t tell me that the “shorts” did because we all know that those who “short” a stock are only a fraction of those that are “long” a stock
actually the Trillions gets taken out of the market and given to th Top families who never have reported a dime of their earnings to anyone, The Rothschilds in particular. They have over an estimated 500 Trillion in net worth. Estimated, because no one can audit them, they are the rulers of the world. You can't marry into their family either, unless you are already a family member, say first of second cousin. They don't like outsiders, they are the creators of the state of Isreal and why the US and Great Britain support them. They financed both sides of all the major wars ever fought from France and England in the early 1800's to the current battles now ensuing in the middle east and in Africa. Trillions can be made by this family on every turn of the market. Don't be so stupid as to think that they would play by the rules they set up for you idiots to lose your hard earned debt on. You are their slaves, kneel before them and kiss their feet. they are FreeMasons and worship their Almighty Lucifer.