By: Cliff Kincaid
Dear Friend of America’s Survival:BIG NEWS: Financial expert Zubi Diamond, author of Wizards of Wall Street, is speaking at our upcoming October 27 conference. He will discuss the role of George Soros in the financial collapse.
Are you concerned about your financial future? Come to our conference. It is free and open to the public. That is NO CHARGE.
There are Marxist-oriented “Occupy Wall Street” protests underway. These demonstrations deliberately miss the point and constitute a re-elect Barack Obama movement. They are pawns of Obama and the progressive movement.
Zubi, a black critic of Obama, properly distinguishes between the good Wall Street and the bad Wall Street.
He writes that an example of the good Wall Street would be someone like Steve Jobs, the late founder of Apple: “These people create, run or finance money-making companies and serve the community with much-needed jobs and employment, products and services. The good Wall Street includes the general public mutual funds, retirement portfolios, common investors, banks and venture capital investors who finance and fund the loans for our homes and businesses. They fund and finance economic growth and expansion.”
By contrast, “An example of the bad Wall Street would be someone like George Soros. These people are the financial hedge fund short-selling operators who make money by betting on company collapse, economic calamities and catastrophes.”
The only financial reform needed today is to regulate and monitor the hedge funds and the hedge fund short sellers, some of them which are registered off-shore to avoid scrutiny. These global operators, with investors who remain mostly anonymous, must be compelled to register with the Securities and Exchange Commission (SEC), publicly disclose their positions in the markets, and maintain accounting and trading records for a period of 10 years so their activities can be monitored and scrutinized. Just like mutual funds, they must be prohibited from engaging in day trading activities.
Many people do not realize that the hedge funds are responsible for 75-90 percent of all trading activities on Wall Street. They are responsible for the extreme market volatility. They are responsible for everything that is bad on Wall Street.
But isn’t it interesting that Soros has expressed his sympathy for the “Occupy Wall Street” protests?
According to one report, “Soros, during a presentation at the United Nations in Monday, told reporters he sympathized with the protesters’ anger over such matters as the bailout of banks and the inequities between rich and poor.” Soros said, “Actually I can understand their sentiment, frankly.”
Soros says this because he knows that the protests represent no threat to the way he does business. He operates off-shore, outside the jurisdiction of the Securities and Exchange Commission.
To get a further taste of what Zubi Diamond has to say, please read:
Zubi will provide a limited number of copies of his book for free to the people attending our conference.
Don’t make excuses. Make plans to attend now.
I explain more about our conference in this episode of America’s Survival TV Please tune in.
For America’s Survival,
Cliff Kincaid, President