Jim Cramer Market Manipulator?

This article on Huffington Post states:

The host of Mad Money says he regularly manipulated the market when he ran his hedge fund. He calls it "a fun game, and it's a lucrative game." He suggests all hedge fund managers do the same. "No one else in the world would ever admit that, but I could care. I am not going to say it on TV."

Be sure to watch the video.
Another report.

Multi-Billion Dollar Phantom Treasury Bond Scam

Dr. Susanne Trimbath, who heads STP Advisory Services in Omaha, Nebraska and previously worked for the Depository Trust Co, a subsidiary of Depository Trust and Clearing Corp, the U.S. clearing house for stocks and bonds, stated:

"In fall of 2008, about two trillion dollars in Treasury bonds were sold but undelivered for six weeks, more than 20 percent of the daily trading volume, up from 8.6 percent in the first five months of 2008.
"There was excess demand for the Treasuries. Rather than allow this to push the price up, the Federal Reserve Bank of New York and the DTCC allowed failures to deliver to depress the price.
"The numbers look better now because the Fed threw two trillion at the market, which was used to cover these fails."

Read summary and details.

We have the Best Government Money Can Buy!

Who writes the laws in America?
NAFTA & GATT are thousands of pages long. They were written by Think Tanks funded by Tax-Exempt Foundations, established by protected Corporations, and signed by Politicians unread. So, who are the unseen law makers?

What motivates our elected officials?
I hear people say “My elected representative would not dare screw with my interests. He knows we would boot him out of office.” I’m afraid you failed to see it from his perspective: He is looking forward to retiring into a high paying cushy corporate board position as soon as he gets out of office. So, who is he more motivated to serve?

Some of these definitions for types of government seem a little too close for comfort:

Corporatocracy defines a government that is primarily influenced by agencies such as corporations, banks, oil companies, or the military-industrial complex. Today, of the 100 largest economies of the world, 51 are corporations. Many of pay little or no taxes. Globalization in many countries have led to a situation where the top 1% hold over 90% of the wealth.

Plutocracy is rule by the wealthy. Often in a Plutocracy the laws are skewed to make it difficult for the ordinary man to reach the level of wealth required to join the ruling class, while at the same time helping the wealthy elite maintain their status.

Kleptocracy (root: klepto+kratein = rule by thieves) is a term applied to a government that extends the wealth and power of the ruling class at the expense of the population. A kleptocratic government often goes beyond merely awarding the prime contracts and civil service posts to friends (a common feature of corrupt governments). They also create projects and programs at a policy level which serve the primary purpose of funneling money out of the treasury and into the pockets of the executives, with little if any regard for the logic, viability or necessity of those projects.

Khakistocracy refers to military rule of a country, often in collusion with the elite and business classes.

Fascism is a form of corporatism where government and business form a pact to work together and maintain the status quo for the benefit of those in the pact. Fascist governments forbid and suppress criticism and opposition to the government and the fascist movement.

Counterfeit Shares of Stock

Counterfeiting of securities is as illegal as counterfeiting currency, but because it is all done electronically, it is way too easy for the unethical broker to do.

Global Links Corporation is an example of how wholesale counterfeiting of shares will decimate a company's stock price. Global Links is a company that provides computer services to the real estate industry. By early 2005, their stock price had dropped to a fraction of a cent. At that point, an investor, Robert Simpson, purchased 100%+ of Global Links' 1,158,064 issued and outstanding shares. He immediately took delivery of his shares and filed the appropriate forms with the SEC, disclosing he owned all of the company's stock. His total investment was $5205. The share price was $.00434. The day after he acquired all of the company's shares, the volume on the over-the-counter market was 37 million shares. The following day saw 22 million shares change hands - all without Simpson trading a single share. Where did they come from? The answer.

Illegal Naked Short Selling

John McCain said:

"Mismanagement and greed became the operating standard while regulators were asleep at the switch. The primary regulator of Wall Street, the Securities and Exchange Commission (SEC) kept in place trading rules that let speculators and hedge funds turn our markets into a casino. They allowed 'naked short selling' -- which simply means that you can sell stock without ever owning it. They eliminated last year the uptick rule that has protected investors for 70 years. Speculators pounded the shares of even good companies into the ground. The chairman of the SEC serves at the appointment of the President and has betrayed the public's trust. If I were President today, I would fire him."

Snip from May 11, 2004 news report:

In comments to the U.S. Securities and Exchange Commission, C. Austin Burrell said that "Illegal Naked Short Selling has stripped hundreds of billions, if not TRILLIONS, of dollars from American investors," and have resulted in over 7,000 public companies having been "shorted out of existence over the past six years." Burrell said some experts believe as much as $3.5 trillion to $4 trillion has been lost to this practice.

That was back then. The practice has grown from attacks on small companies to now companies like Fannie May & Bear Stearns and is a major component to the current financial crisis.

What is it?:

. Legal short selling is a bet on stock price declines. The short seller borrows stock, and then sells that borrowed stock, hoping to buy it back at a lower price later, when he returns it to the lender.

. Illegal "naked short selling" involves placing a sales transaction, but not borrowing the stock, and simply failing to deliver it on delivery day. It is also called "failing to deliver" or FTD - or delivery failure.

. Delivery failure is a significant problem nowadays, as it can be used to run stock prices down in a manipulative manner. Delivery failure in any other industry is called fraud.

"Bear Stearns also was rocked that week by failed trades, a problem associated with naked short selling. Failed trades in Bear Stearns soared more than 10,800 percent during the week of March 10, according to data released by the SEC." (Article)

"Bluntly, the SEC behaved as any crooked cop would, which is to put on a show of trying to effect change, while studiously avoiding the only and obvious way to do so." (Article)

"traitorous federal government crime cartel"

Side point: I don't want to give the impression that I think McCain has his head on straight in regard to the economy. After all, he gets his advice from Phil Gramm, the man who sponsored the Commodity Futures Modernization Act of 2000 that created the "Enron loophole", and the Gramm-Leach-Bliley Act of 1999, which led to the 2008 mortgage crises.

Anyone favor putting Phil Gramm & Christopher Cox up for treason?

Credit Default Swaps are a form of Counterfeiting

SEC chairman Christopher Cox equated the sale of the unregulated bond derivatives with naked short selling:

"Economically, a CDS buyer is tantamount to a short seller of the bond underlying the CDS. Whereas a person who owns a bond profits when its issuer is in a position to repay the bond, a short seller profits when, among other things, the bond goes into default. Importantly, CDS buyers do not have to own the bond or other debt instrument upon which a CDS contract is based. This means CDS buyers can 'naked short' the debt of companies without restriction."

Read CFO Magazine article.

The man who predicted the crisis

Crisis was predicted in detail in Nov 2006 by financial adviser Peter Schiff. (Ron Paul's economic adviser.)


Learn more.

"the real unknown backroom story"

Jim Cramer on Mad Money (4 minutes into the show) stated "I will tell you now the real unknown backroom story of what happen to the economy" putting a lot of the blame on a particular villain. Watch the video (16 min.).

Humorus Explaination of the Subprime Crisis

The Most Under-Reported Cause of our Crisis

Bloomberg made a Special Report News Video on the Naked Short Sales Crisis. The information is shocking. This is one report you have to watch.