POOR RICHARDS REPORT
Chapter 15
Ringing the Bell or Trumpets are Blowing
Or How to Survive to Coming Panic
The Federal Reserve Act of 1913 is probably the most important law of the 21st century. We must follow the guidelines that were followed by the members of Congress who voted for this to be law.
The reforms that I suggest will send the market into a temporary tailspin, but if they are followed completely only the speculators will crash.
For openers, the banks who have been hording all the QE distributions must now share them with their depositors and give a greater portion to the younger depositors because they need it the most. They will also spend their portion, which will kick start the economy.
Next, the Congress should form a standing committee of 16 members to review all the reforms to our financial system. The members should be equally divided from each party and have the highest respect among their peers. Seniority or power should not be considered. Ethics should be of the highest order.
Finally they should have a unanimous vote before it comes before the entire house. This was a stipulation when the committees met for the Federal Reserve Act of 1913. It took them 6 months. The Congress voted December 22, 1913: 298 yeas and 60 no’s and 76 not voting. On December 23, 1913 in the morning vote, there were 43 yeas and 25 no’s with 27 no votes. (Back then there were only 95 senators).
That afternoon President Woodrow Wilson signed the act into law.
1. The Federal Reserve shall raise All Margin rates to 100% for a period of 6 months to a year.
2. The Security Exchange Commission (SEC) shall ban all corporate share buybacks. (All this does is increasing the earnings per share and enables the officers to receive a higher price for their options).
Instead, the monies should be distributed to the shareholders so all can share the wealth – not a privileged few.
This should create new buyers that should offset the sellers.
3. “Banks” should start returning the QE funds they have been hording over the past few years to their depositors. This should be done with the younger ones with families receiving a greater portion. Then staggered depending upon one’s earning power. The higher the earning power the less money received. This should increase the velocity or turnover of money. Some corporations will fail while others will prosper due to some changes in buying patterns.
4. Ban High Frequency Trades (HFT’s) entirely. They break all the rules for fair play and only benefit the owners. The public be damned; damn them.
5. Derivative trades are set up for fees and is a form of gambling. Most derivative trades are hard to follow and most financial disappoints (a nice word) evolve some forms of derivatives. The best way out of this mess is to just let them mature.
6. Trash the Dodd- Frank ACT and make the new one simple to understand.
7. Trash the Investment Company Act of 1940. It covers mutual funds. Exchange Traded Funds (ETF’s) have quietly been replacing mutual funds. With computers and their size most of these laws are anachronisms.
8. Clean up the ads. Most ads today give the hint of casino gambling. Insert a clause for risk.
9. Go back to the fraction system for stocks. This will allow the market maker to support his market during normal times and also kill off HFT’s and stop firms offering the first “free” trades.
10. Reinstate the Short Sell Rule. This is very important because it will stop gambling and stop computer hacking in the market place.
To do a legitimate Short sale one must first get permission from the back office of the firm one is doing business with. (They have the security to deliver to a buyer when you sell short). Then one must wait for an uptick in the price of the stock before the sale can take place. The order is also marked “Short Sale”.
Today I believe short sales are made willy nilly and no uptick is involved. I also believe that after a sale is done they look for stock to deliver.
These reforms that I have listed so far will cause all hell to break loose among the heels of the business. They will be the losers while the public will gain confidence in the system and regain some of their tax dollars.
Investors will be able to make intelligent decisions based upon facts and knowledge instead of charts and soothsayers and false prophets.
Category: EU Members
European Council decided to open accession negotiations with Turkey on 17 Dec. 2004
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Poor Richards Report Chapter 15
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Dutch Justice Ministry employee: ISIS a Zionist conspiracy
THE HAGUE, Netherlands (JTA) — A senior employee of the Dutch Justice Ministry said the jihadist group ISIS was created by Zionists seeking to give Islam a bad reputation.
Yasmina Haifi, a project leader at the ministry’s National Cyber Security Center, made the assertion Wednesday on Twitter, the De Telegraaf daily reported.
“ISIS has nothing to do with Islam. It’s part of a plan by Zionists who are deliberately trying to blacken Islam’s name,” wrote Haifi, who described herself on the social network LinkedIn as an activist for the Dutch Labor Party, or PvdA.
Haifi later removed her original message, explaining, “I realize the political sensitivity in connection with my work. That was not my intention.”
Two right-wing lawmakers, Joram van Klaveren and Louis Bontes of the VNL faction, asked the ministry how one with such views reached a prominent position in the ministry and if Haifi’s employment constituted a security risk.A series of rallies supporting ISIS, which is considered a terrorist organization in many Western countries, were held in the Hague in July and earlier this month. Some demonstrators called for violence. The demonstrations on July 2 and 24 featured calls to kill Jews.
When anti-ISIS demonstrators tried to march through the heavily Muslim neighborhood of Schilderswijk on Aug. 10 to express their disapproval, a crowd of approximately 200 men barricaded the main street and staged an illegal counter demonstration in support of ISIS.
Some of the protesters hurled stones at police who tried to remove the obstacles. Six people were arrested
www.jta.org, August 13, 2014
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CYPRUS: Setback to be discussed with Greek PM
Greek Cypriot leader Nicos Anastasiades and Greek Prime Minister Antonis Samaras will on Monday discuss the setback in the Cyprus peace talks arising from statements made by Turkish President Abdullah Gul.
Greek Government Spokesman Sofia Voultepsi said “the setback in the talks on Cyprus seems to arise from the recent statements by Gul (concerning the form that a possible solution will take) and Turkey’s general stance and not because this is ascertained by the Greek government”.
During his visit to the occupied areas over the weekend Gul said he sees “positive signs” that the ongoing talks on Cyprus will lead to the formation “of a new, partnership country in Cyprus very soon”.
He spoke of a solution “which will guarantee the status quo of the Turkish Cypriots”, and assured that Turkey “always as a guarantor power and a motherland to the Turkish Cypriots, will never allow them to become a minority within a Greek state”.
Speaking on Monday night, chief negotiator Andreas Mavroyiannis said things are difficult in the negotiating process but the Greek Cypriot side cannot afford to give up.
Speaking on Monday evening at an event organised by the Green Party to mark the 40th anniversary of the Turkish invasion of the island, Mavroyiannis said that although situation is tough, there was no other choice but to continue efforts to reach a solution and reunite our country.
He noted that it is absolutely normal and rightful for all political parties to express different views and opinions and that he is certain that each one of the political leaders has the vision of reunification in mind.
Mavroyiannis said that what the Turkish Cypriot side really sought was to legitimise the invasion and occupation of the island’s northern third, adding that the Greek Cypriot side was making continuous efforts to prevent this from happening.
The Greek Cypriot negotiator, who holds regular meetings with the negotiator of the Turkish Cypriot side Kudret Ozersay, spoke of the international interest for the Cyprus problem, saying that this interest is helpful, however, it has not been turned into something concrete so far in the negotiations.
Mavroyiannis noted that he very much wanted to reach a result concerning Varosha, but Turkey was negative on this matter.
In his speech, Mavroyiannis also noted that the fact that Cyprus was a full member of the EU since 2004 has contributed to the Republic being stronger and more determined.
He also said that the various UN SC resolutions are a shield for the Republic and have included various aspects that were agreed upon in the many rounds of negotiations.
Meanwhile, Vice President of the Greek Parliament Maria Kollia-Tsaroucha has reaffirmed her country’s support.
Speaking after a meeting on Tuesday with the President of the House of Representatives Yiannakis Omirou, she said “we will be by your side” with an eye towards a free and independent Cyprus.
Omirou made it clear that “we will not accept a solution that will not end the occupation, will not reunite the people, the place, the institutions, the economy, and will not restore the human rights and fundamental freedoms on the basis of the principles of the international and European law”.
Comment: Küfi Seydali
The Greek Cypriots will have to get down from their big horse (EU), and stop looking for military alliances. Resorting to arms has only brought Cyprus disaster in the past, and is not likely to bring anything else in the future. The Greek side deliberately delayed the beginning of the current peace talks and is now doing its best to sabotage the negotiations.
Omirou is dreaming of the past, but there will absolutely be no going back to the pre 1974 state of affairs. A change of paradigm is necessary if a new and mutually acceptable solution to the 50 years old problem is to be found.
KS
President Gül said nothing which is not in line with the peace process, which is aiming at a bi-zonal, bi-communal federation, i.e. the creation of a new Cyprus Republic!
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FBI Releases Documents proving Adolf Hitler and Eva Braun fled to Argentina in a Submarine
Newly declassified FBI documents prove that the government knew Hitler was alive and well, and living in the Andes Mountains long after World War II. Click here, on the FBI website to confirm the quiet release of this information.
On April 30 1945, Adolf Hitler committed suicide in his underground bunker. His body was later discovered and identified by the Soviets before being rushed back to Russia. Is it really possible that the Soviets have been lying all this time, and that history has purposely been rewritten? No one thought so until the release of the FBI documents. It seems that it is possible that the most hated man in history escaped war-torn Germany and lived a bucolic and peaceful life in the beautiful foothills of the Andes Mountains.
THE INTELLIGENCE COMMUNITY KNEW.
Recently, released FBI documents are beginning to show that not only were Hitler and Eva Braun’s suicide faked, the infamous pair might have had help from the Director of the US’ OSS office in Switzerland – and the man who would later become the first Director of Central Intelligence, Allen Dulles. In one FBI document from Los Angeles, it is revealed that the agency was well aware of a mysterious submarine making its way up the Argentinian coast dropping off high level Nazi officials. What is even more astonishing is the fact that the FBI knew he was in fact living in the foothills of the Andes.
WHO IS THE MYSTERIOUS INFORMANT?
In a Los Angeles letter to the Bureau in August of 1945, an unidentified informant agreed to exchange information for political asylum. What he told agents was stunning. The informant not only knew Hitler was in Argentina, he was one of the confirmed four men who had met the German submarine. Apparently, two submarines had landed on the Argentinian coast, and Hitler with Eva Braun was on board the second. The Argentinian government not only welcomed the former German dictator, but also aided in his hiding. The informant went on to not only give detailed directions to the villages that Hitler and his party had passed through, but also credible physical details concerning Hitler. While, for obvious reasons the informant is never named in the FBI papers, he was credible enough to be believed by some agents.
The FBI Tried to Hide Hitler’s Whereabouts:
Even with a detailed physical description and directions the FBI still did not follow up on these new leads. Even with evidence placing the German sub U-530 on the Argentinian coast shortly before finally surrounding, and plenty of eye witness accounts of German official being dropped off, no one investigated.
EVEN MORE EVIDENCE IS FOUND
Along with the FBI documents detailing an eye- witness account of Hitler’s whereabouts in Argentina, more evidence is coming to light to help prove that Adolf Hitler and Eva Braun did not die in that bunker. In 1945, the Naval Attaché in Buenos Aires informed Washington there was a high probability that Hitler and Eva Braun had just arrived in Argentina. This coincides with the sightings of the submarine U-530. Added proof comes in the form of newspaper articles detailing the construction of a Bavarian styled mansion in the foothills of the Andes Mountains. Further proof comes in the form of architect Alejandro Bustillo who wrote about his design and construction of Hitler’s new home which was financed by earlier wealthy German immigrants.
IRREFUTABLE EVIDENCE THAT HITLER ESCAPED:
Perhaps the most damming evidence that Hitler did survive the fall of Germany lies in Russia. With the Soviet occupation of Germany, Hitler’s supposed remains were quickly hidden and sent off to Russia, never to be seen again. That is until 2009, when an archeologist from Connecticut, Nicholas Bellatoni was allowed to perform DNA testing on one of the skull fragments recovered. What he discovered set off a reaction through the intelligence and scholarly communities. Not only did the DNA not match any recorded samples thought to be Hitler’s, they did not match Eva Braun’s familiar DNA either. So the question is, what did the Soviets discover in the bunker, and where is Hitler? Even former general and President Dwight D. Eisenhower wrote to Washington. It was not only General Eisenhower who was concerned over Hitler’s compete disappearance, Stalin also expressed his concerns. In 1945, the Stars and Stripes newspaper quoted then General Eisenhower as believing that the real possibility existed of Hitler living safely and comfortably in Argentina.
IS IT POSSIBLE?
With all of the new-found evidence coming to light, it is possible and even likely that not only did Hitler escape from Germany; he had the help of the international intelligence community. Released FBI documents prove that they were not only aware of Hitler’s presence in Argentina; they were also helping to cover it up. It would not be the first time the OSS helped a high-ranking Nazi official to escape punishment and capture. Look at the story of Adolf Eichmann who was located in Argentina in the 1960′s. Did Hitler escape to Argentina? The answer is yes.
Source: Forbidden Knowledge TV


