Saturday, October 18, 2008

So they’re daft as well as greedy and corrupt

Letter: Andrew Lahde

Andrew Lahde made a fortune by being on the other side of US banks' trades and reckons the banks are stupid and leaden-footed, easy meat for hedge fund managers betting against them. Their ineptness leads to corruption - they are often the privileged few who don't know how to make a living, so when they've lost their money they go running to mommy, daddy, uncle Hank and uncle Ben, who give them a stern look and more money and tell them to look after it this time. These are the people who make up the banking "system" that we're all supposed to revere and support.

Posted by icarus @ 09:17 PM (875 views)
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6 thoughts on “So they’re daft as well as greedy and corrupt

  • WAR is a racket. It always has been.

    It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope. It is the only one in which the profits are reckoned in dollars and the losses in lives.

    A racket is best described, I believe, as something that is not what it seems to the majority of the people. Only a small “inside” group knows what it is about. It is conducted for the benefit of the very few, at the expense of the very many. Out of war a few people make huge fortunes.

    Then, to save that China trade of about $90,000,000, or to protect these private investments of less than $200,000,000 in the Philippines, we would be all stirred up to hate Japan and go to war – a war that might well cost us tens of billions of dollars, hundreds of thousands of lives of Americans, and many more hundreds of thousands of physically maimed and mentally unbalanced men.

    Of course, for this loss, there would be a compensating profit – fortunes would be made. Millions and billions of dollars would be piled up. By a few. Munitions makers. Bankers. Ship builders. Manufacturers. Meat packers. Speculators. They would fare well.

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  • malct – do you know Anthony Sutton’s “Wall Street and the rise of Hitler”

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  • icarus, yes of course I do – people would do well to check the truth that both wall street and the london city funded hitler

    google montague norman – bank for international settlements in switzerland, chezk gold, or just check back on HPC postings

    you could do worse than google yamagoochie

    no – – massive historical record of people just like us asking stupid questions.

    but several generations ago.

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