Should Ron Paul address the NAKED SHORTS Fraud?
Dear Paulites,
I`ve already started another thread on the subject, but the title obviously wasn`t catchy enough to get anyones attention.
This is the most importan topic I`ve ever posted here an I apologize, if some of you might feel it is not my business, since I`m not a US citizen, but to me, this is a massive scandal and a big opportunity for Ron Paul to prove to the public he is the only man in Washington with the guts to attack the Hydra.
It is about the odd phenomenon called "Naked Shorting".
I work in the financial sector and I`m not easily shocked by some dishonest greedy Hedgefunds, but this is so unbelievable it really shocked me.
For a quick start, watch the Bloomberg-TV-show on "Phantom Shares" (25 minutes):
Please keep in mind the numbers that hedgefund-guy (Kynikos) is talking about.
You will find them again in this extensive presentation of this "crime of the century", but there is also the rebuttal by some big guy from the government (Prof. Shapiro). The Bloomberg-Show is scary enough, but it even understates the problem (wether on purpose or not, is an interesting question).
The presentation will take you about 80 minutes.
If you do not understand the subject, do not worry, I`m a "pro" and I find it very hard to get all the details and to connect the dots.
I urge the American Paulites to address this subject and to ask Dr Paul to take care of this.
Best regards from Germany
Fabio
PS:
For those familiar with Dr Pauls critique of the FIAT MONEY system:
This is FIAT STOCK
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Just heard on MSM radio this AM
that the SEC is going to ban "naked shorts" for 30 days. While the practice will stay on the law books, no "naked short" transactions will be done for this period. Are the "powers" getting desperate to keep the money/banks going?
P.S. Your second link is not working.
This is a great story all about naked shorts
It's a long read with many links attached. For something so complex this is very well done.
http://www.deepcapture.co...
I found it reading Jim Willie's latest article on www.goldenjackass.com
several paragraphs in under "Institutional Crime & Dishonesty". He refers to Bud Farrell (should be Burrell) and where he says, click here you can listen to a fantastic presentation in an interview with Bud Burrell, about 30 minutes. He knows his stuff and speaks well. Bud then leads you to www.deepcapture.com for the whole story.
Bump
For The Emperor's New Shorts.
-"Ron Paul cured me of my predilection for Che Guevara T shirts."
Yes
It is an important issue. I watched most of your second link above when you posted the first time. Very educational and I sent it to some emailees that are into the stock market. I leave my stuff to someone else. But it is terrible and huge. The derivatives are also a big huge collapsible issue--not sure, they might be connected.
I have a few questions and I am looking for answers about this.
It sounds like the commercial banks have some off balance sheet assets and liabilities.
If they participated in these naked shorts ...
Are they on the hook when they guessed wrong?
Since this is technically illegal, has this been kept off the books?
Would any one have an educated guess or have knowledge about this?
When all this unravels and if it is a substantial number of events, and the market suddenly realizes that there are X% less shares outstanding than originally thought, the stock prices will go up and the long investors will benefit, but what if someone went long off a naked short that can no longer cover? Who pays for that? Will the long be SOL? Will people loose all faith in the market if in fact the longs are SOL?
I have a feeling we are in for quite a bit more government intervention than even the market is anticipating.
I know Citi bank has as much as $1 trillion in off balance sheet transactions.
At the end of a chess match usually you can figure out the fatal mistake, but it can only be recognized in hindsight. The possibilities are nearly endless, remember how long it took big blue to play a game of chess and still lose? Most people do not understand what is going on, so when the blame game starts, most likely who ever gov. blames will be stuck with the label. This is so sad.
We must educate everyone. Convince them to exist, then convince them to choose freedom.
WAHOR!!
It's been a while since I've actually "shorted" stock, but I
was never able to "go naked" in a short sell. I always had to put up enough money in order to cover any rise in the price of the stock that I had shorted, until such time as I actually closed my short position and settled accounts. In other words, I had to put up the money in order to cover the risk of guessing (judging) incorrectly.
Given the explanation of the naked shorting that I've read, I'm hard pressed to wonder why it is that the SEC allegedly needs more regulatory power to prevent such a thing. There's regulation already in existence to cover this. Why hasn't it been enforced?
_________________________________________
"An economy built on fiat money is a society on its way to ashes."
Short Cuts To Personal Prosperity
Captured regulators , lap dog media
http://www.dailypaul.com/...
Read the Deep Capture links. You will be satisfied.
In Germany...
...it is actually not allowed at all for private investors to do short selling.
As far as I got it, "naked shorting" should be restricted to a 3 days delay to cover in the USA.
The interesting question arises:
Why has the SEC to restrain a practice that is already not allowed only for Fannie Marx and Freddie Ze Dong and another list of banks which looks suspiciously like the list of FED-Primary Dealers?!?
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europe4ronpaul.blogspot.com
Hasta la libertad, siempre ;-)
I've said it before
Fortune Favors the Bold
the stock market is patently absurd. Companies shouldn't go public.
Thanks for a Sleepless Night
Just when I thought I knew all the bad stuff that was going to crash the economy, you had to come along and expose me to this stuff that I had never heard about before.
This is huge. If this comes to light in the mass media, I think you will have people demanding their stock certificates. It's going to be like a run on the bank. It's kind of like fractional reserves. As long as people are confident about the system, everything is OK.
I also think that Peter Schiff should begin talking about this. I wonder if he is aware of this thing?
You`re welcome...
"Just when I thought I knew all the bad stuff that was going to crash the economy, you had to come along and expose me to this stuff that I had never heard about before."
That`s exactly what happened to myself...
It is simply unbelievable.
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europe4ronpaul.blogspot.com
Hasta la libertad, siempre ;-)
The market has its own self correcting mechanisms.
The problem is this implied endorsement from regulators.
It forces advocates like yourself to have to work a lot harder.
If gov. doesn't put a stop to it, then it must not be too bad.
WAHOR!!
What "Market"?
A completely fraudulent system is not "a market"?
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europe4ronpaul.blogspot.com
Hasta la libertad, siempre ;-)
Regulations turn it into a casino not
visa versa.
WAHOR!!
More Research
http://www.financialsense...
CRIME OF THE CENTURY
The Truth About Naked Short Selling in Juniors
INTRODUCTION
by Jim Puplava
On March 31, 2007 I had the opportunity to interview Dr. Patrick M. Byrne, Chairman and CEO of Overstock.com on Financial Sense Newshour [FSN]. Dr. Byrne was interviewed by Bloomberg News' Michael Schneider on March 14, 2007, the transcript of this interview titled 'Phantom Shares,' Failed Trades and Naked Shorts (Transcript) is still available on Bloomberg.com. This interview, coupled with Dr. Byrne's explosive slide presentation of the not-so-hidden corruption in our financial markets called, The Dark Side of the Looking Glass: the Corruption of Our Financial Markets, motivated me to do my own investigation.
In my FSN Annual Year End Review for 2007, Part 1, I briefly touched the significance of my interview with Patrick Byrne. Since then and throughout 2008, I have personally witnessed this abhorrent and perverse action in junior mining shares. I am so appalled by this rampant abuse, that I began a series on Financial Sense Newshour's "The Big Picture" to expose this "Crime of the Century" [COTC] to our listeners.
The quote "The only thing necessary for the triumph of evil is for good men to do nothing" is often attributed to Edmund Burke. It is my fervent belief that Financial Sense visitors are identified as good men and women, who search for uncommon truth in their quest to become wise investors. In this regard, Financial Sense hopes to provide accurate information in this series so that we all can do something to stand against this evil practice of naked short selling
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europe4ronpaul.blogspot.com
Hasta la libertad, siempre ;-)
Am I the only person who saw this out of the corner
of their eye, and saw something about how Ron Paul should address someone naked. i was highly scandalized.
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
Penndel Borough needs to step up and eliminate the crime they've created by not paving and maintaining Robbins Avenue
http://will86aber.wordpre...
Buck Neck-ed
Whatever it takes to get thoughtful people to pay attention to this story.
Somewhere between the gutter and the stars this story will explode into a supernova and blow a black hole in the firmament of world finance.
if naked short selling by 8
if naked short selling by 8 large or less investors in the silver market were to stop , silver would explode!
as for me and my home, we shall worship the LORD
Silver
I had never taken those stories tooooo seriously, but now I`m really not that sure anymore...
Jim Sinclair at jsmineset.com is rambling about the naked shorts in the gold- and silver-junior-mines too.
Do you have a good link for the story about naked shorts in the physical silver market?
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europe4ronpaul.blogspot.com
Hasta la libertad, siempre ;-)
Bear Naked Truth
Short circuit burns down the house
http://www.dailypaul.com/...
Thank you for posting!
This is so insane...
Does Ron Paul know about it? Has he ever addressd the matter?
--------------------------------------
europe4ronpaul.blogspot.com
Hasta la libertad, siempre ;-)
Clarification
"but there is also the rebuttal by some big guy from the government (Prof. Shapiro)."
I wanted to say, that the hedgefund-guy (Kynikos) is quoting some numbers by the government that another guy from the government (Shapiro) has already dismissed as completely understating the problem.
He (Kynikos-Guy) is also using exactly the argumentative strategy described in the long presentation, when it is explained with what sort of propaganda americans are sent back to sleep by their officials.
So, for the real thrill-ride, start with the presentation, then watch the Bloomberg-Show (which still exposes practices that are criminal enough to raise hell, but understates the dimension of the scam).
--------------------------------------
europe4ronpaul.blogspot.com
Hasta la libertad, siempre ;-)
?
JM
From watching these videos, I still can't grasp exactly who is behind this "short selling" practice. Is it foreign investment groups or are they based in the U.S.? Also, did these type of business practices have anything to do with the fall of Russia's economy in the 90's? Do you have a solution to repair this type trading? Does our Gov. have any legal means to remedy this situation? Thank you.
thnks Fabio. this is grt educational stuff
Ill write here after I watch and understand what youre talking about
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