Arrest EVERYONE Involved In Bubble

June 19, 2008

Elaine Meinel Supkis

One of my favorite themes is to say, 'Arrest them all!' Well, over 400 people involved in the recent big fat, ugly bubble are now under arrest. But not the important criminals! Greenspan still hobnobs with war criminals like Kissinger and Bush, just for example. Arrest them! Arrest Bernanke for lying. After all, if a bunch of hedge fund hell hounds and pirates can be arrested for lying to investors, how about the top people in the banking system? I can prove they are all liars. They see the exact same numbers and the exact same news stories as I see! There is NO EXCUSE. They are not stupid nor demented. They are con men and should be arrested! Not to mention Congress and the President: all criminals on so many levels, it hurts to even think about it. And the media liars! Tonight, we revisit a number of stories I wrote during the first 'boggle' in the stock markets before the markets roared to a new high and then utterly collapsed. It pays to retrace our steps so we can see clearly that I could see clearly and ergo: these criminals knew perfectly well, what the hell was going on.

Ex-Bear Stearns Fund Managers Indicted for Fraud

Former Bear Stearns Cos. hedge fund managers Ralph Cioffi and Matthew Tannin were indicted for mail fraud and conspiracy in the first prosecution stemming from a federal investigation of last year's mortgage-market collapse.

The two men were charged with misleading investors about the health of two Bear Stearns hedge funds whose implosion ignited the subprime mortgage crisis. Cioffi was also charged with insider trading in the indictment, which cites a series of e-mails between the two men. They both face as much as 20 years in prison if convicted of conspiracy, and Cioffi faces an additional 20-year term if found guilty of insider trading.

The U.S. government has been investigating possible fraud by banks and mortgage firms whose investments in subprime loans and securities plunged in value, causing losses that now total $396.6 billion. Cioffi and Tannin were also sued today by the Securities and Exchange Commission.

These are sacrificial animals. This is to tell the little con men not to overdo things when the big con men are at work undermining global banking systems and running things very deeply in the red while publicly lying about everything. I get up each day to make my weary way though the news and then tear into all the lies of the ruling elites. Are any of the real rulers being arrested tonight? HAHAHAHA. No. Just as the Real Rulers with toss the entire Jewish population onto the pitchforks of raging mobs, so it is with anyone who isn't sexually or socially very connected with the dominant Norman ruling elites. When the Dot Com scam collapsed, a few key people were tossed to the mobs to be rent to shreds. We got to see the chandeliers in the garages of the Enron executives in Texas. Some died, others committed suicide. Some went to jail. But did Greenspan go to jail? Bush?

Nope! They went onwards and upwards. They rang up $5 trillion in new public debt. They worked to create a second bubble that now is broken. And is now destroying our nation. Tonight, Congress is passing yet another stupid funding bill for our failed wars, another nearly-$200 billion we can't afford! And the debts are being sold to foreign powers that are very intent on destroying our nation and enslaving us. Arrest them! Arrest them all! HOW DARE THEY???? WE ARE GOING BANKRUPT!

Bloomberg:

In a separate move today, the U.S. government said more than 400 people were charged in a federal mortgage-fraud sweep called ``Operation Malicious Mortgage.''

At a press conference today in Brooklyn, Campbell said the Bear Stearns investigation is continuing.

``Hedge fund managers cannot lie to their own investors,'' Antonia Chion, an SEC attorney overseeing the agency's lawsuit, said in a statement. ``Even sophisticated investors look to fund managers to speak truthfully.''

They are being arrested for these lies? AMAZING. HELL'S BELLS! If we go to my postings here at Culture of Life from February 27th---a significant magic number day---to the middle of March, the first thing we see is that EVERYONE IN POWER WAS LYING NONSTOP! Lying about the value of currencies. Lying about the meaning of international trade. Lying about who was doing what to the global economy. Lying about the dangers of the weak yen while Japan runs huge trade surpluses with the US. Lying about our relations with China. Lying about interest rates. Lying about inflation rates. Lying about the health of stock markets. Lying about the basic condition of our banks. Lying about the dangers of the housing collapse.

Bloomberg:

On March 2, 2007, Cioffi hosted a meeting attended by Tannin and other members of the funds' portfolio management team, according to the indictment. Cioffi said ``the funds had averted disaster and led a vodka toast to celebrate surviving the month,'' according to prosecutors.

He directed those at the meeting ``not to talk about the funds' difficulties with others, including other members of the funds' team,'' who weren't present, the indictment alleged.

The indictment alleged that, throughout March 2007, Cioffi ``consistently acknowledged'' to Tannin and others that he was ``deeply concerned'' about the state of the funds, particularly because of their exposure to the subprime mortgage market.

On March 15, 2007, Cioffi allegedly wrote an e-mail to an unnamed colleague saying, ``I'm fearful of these markets. Matt said it's either a meltdown or the greatest buying opportunity ever. I'm leading toward the former.''

Heavens. This guy is being accused of suspecting something was amiss? HAHAHA. Well! I was on the ball! I was very loud, from February to March of 2007, yelling on not just a daily basis but sometimes three times a day about the impending melt down which to me, was utterly obvious from mid-February onwards. After March, Wall Street soared to new highs even as the canker which I explained thoroughly in February, was chewing up Wall Street like an army of termites in a rotting house with a leaky roof.

I and a few online commentators were crystal clear about the truth. If the government officials are going to arrest people for lying, they should reward those of us who told the truth, no? Like, give us the Medal of Honor or something. Heh. Or the very least, put people like me on TV so we can alert people as to what is really going on. Eh? We know who the truth tellers are! The proof is here online! And if LIARS are to be arrested, arrest them all! And I do mean all: Anyone with Goldman Sachs who are also in the government like Paulson, he should be behind bars and not the kind where they serve bacchanalian booze. My cartoons from that one month alone are very revealing. Let's start with some of them:

This cartoon is from February 26th, 2007. I was concerned about the situation concerning the value of both the yen and the yuan. The US officials were shrieking only at China and China was getting very angry about this and preparing to retaliate. I mentioned the danger time would come if China's FOREX reserves hit a trillion dollars. Which it did at this point in time.

Note how Miz Liberty is LYING. She is, of course, representing the many government and political officials and elected people who were lying in unison at the top of their voices, all saying what my cartoon character is saying.

February 27, 2007: Chinese Communists pull rug out from under USA capitalists.

As I kept on saying, the Chinese COMMUNIST government wanted a trillion dollars in FOREX money and then they would discipline us. The USA investors and tax evaders in our government thought the money would flow forever. As my blog title here says so clearly: Red Ink Kills Currencies.

From Bellepheron on Pegasus to Icarus or the son of Helios, when one rides the wild horses to the very heavens themselves, the fall is great and obvious. For several years, I have said repeatedly that a trillion dollars in FOREX funds would trigger the secret (HAHAHAHA) Chinese plan to upend the American empire via economic meltdown.

The ernest Chinese felt they should warn us so several months ago, as they approached that sum, they warned us to cut spending and start saving...ALL OF US. Not just any one person. Having warned us, now comes the inevitable storm.
*snip*
The level of venality and delusional thinking is astonishing! I bet he is coming up with all kinds of childish explanations for what is happening today. The grasshoppers still laugh at us ants who toil to save and fix things. The reckless amorality due to cheap Asian loans has corrupted our nation's leaders and pundits. Well, the loans will dry up and the Chinese investors have figured this out.
*snip*
At the beginning? Hell's bells! It started at 9am, 9/11/1. Today is another magical, harmonic day. 2/27/2007 adds up to 9/11 in reverse. 2+2+7=11 and 2+0+0+7=9. How interesting. And because our rich and powerful leaders pray to the Devil that is Death and they use magic numbers, it doesn't suprise me to see Lady Luck pulling their collective legs and paying them back on a super-duper magic number day.

We should have changed the way we did things after 9/11. Going steeply into debt and letting the trade deficit go haywire and using oil like there is no tomorrow as well as wild military spending and starting ridicukous wars all over the place was the worse thing we could do and we did it.

This cartoon is from that dire day. The entire world's stock markets all crashed badly for only a couple of days. This was all papered over using lots and lots of FUNNY MONEY™ ground out by Japan.

China changed course in February. They had many meetings of the communist leadership and determined it was time to bring things under control. No more free for alls. And this would change the flow of money in the world as we now can plainly see.

http://elainemeinelsupkis.typepad.com/photos/uncategorized/cargo_cult_america_big.jpg
Classic Panic Attack Roils World Markets February 28, 2007

HAHAHA. So, Chinese officials launched this crash and then they gently told the investors in China who read Chinese newspapers, 'Just kidding.' I must be the only person in blogland who noticed the Chinese communists are holding a big meeting this month to discuss our futures. A great time to see what control they have over our lives.

Washington Post thinks magical thinking caused the stock crash Feb. 27th.

The Dow opened down about 130 points and then fell close to 200 by mid-day. But shortly before 3 p.m., stocks took a sharp decline, falling at one point 546 points, more than 4 percent. The index righted itself briefly, regaining more than 200 points but then began falling again.
Officials later said the precipitous fall was caused by a technical problem that caused a backlog of sales orders to come through suddenly.

Houston, we have a problem. Heh. In all panic attacks throughout history, keeping the data flowing as fast as the fear is impossible. So it always 'jumps' at us suddenly. Way back during the last 10 years, the guys running the show on Wall Street boasted their new computers will NEVER EVER fall behind! Oh no.

February 28th, 2007: Bernanke and his buddies desperate to stop panic.

What would happen if all these proud American capitalists discovered the communist 'Let a Thousand Flowers Wilt' Chinese have total control over the DOW Jones average? Isn't that heartening? The people who this week professed they wanted to re-invigorate the Communist dogma are also the same people who can topple our economy simply by talking about raising taxes and preventing people from buying stocks using loans?

HAHAHA. Man, those reforms, if done here, would cause our billionaires to go belly up. No wonder they panicked and they aren't even in China where they punish economic crimes with a bullet to the back of the head!

So, all the economic news is bad, even they admit it but it is fine, all is well? Even Greenspan said we 'might have a recession at the end of the year.' Of course, by then, it will be painfully obvious to even Americans that something is terribly wrong. Right now, the top 1% is happy so we should all applaud. Clap, clap, clap.

Alas, this won't bring Tinker Bell Housing Bubble back to life. Her lights are barely flickering. Of course, the latest mantra is, only the 'bad' loans will collapse and this won't kill all those hedge funds, right?

March 6, 2007: A fool and his yen are soon parted.

The Bank of Japan, buying a huge amount of American debts, just 'saved' the world's economic systems...for the moment. Everyone is hysterically celebrating this terrible day. I am truly a Cassandra to point out, this intervention is the most destructive thing that ever happened to America and it may have sealed our fates.

By Nick Godt, MarketWatch
Last Update: 4:34 PM ET Mar 6, 2007
NEW YORK (MarketWatch) -- U.S. stocks rallied on Tuesday, lifting the Dow Jones Industrial Average by over 150 points, as investors extended a recovery in Asian markets and the dollar overnight, spurring hopes that markets can regain a portion of the massive losses suffered over the past week.
"We're seeing this action positively," said Michael Malone, trading analyst at Cowen & Co, noting that buying volumes have picked up. "But we do expect further volatility in the coming sessions."

The Dow Jones Industrial Average ($INDU: 12,207.59, +157.18, +1.3% ) gained 157 points to 12,207, posting its biggest one-day gain since July 2006.

The joy is noticable. The crisis is past! Things will return to the old 'normalacy'. And this status quo is what is destroying us. The army of liars, losers and traitors are now back on the warpath, whooping it up, laughing drunkenly as they now are convinced, nothing will stop them from looting America!

As this first crisis unfolded, Japan and China traded many insults and accusations. Japan hid behind the G7 and pretended it was ONLY China that was playing the weak currency/giant FOREX reserves game even though it was China imitating Japan.

Note that I show Wall Street on fire. The Fed doused this fire by playing footsie with Japan and conspiring to keep the Japanese carry trade rolling along unhindered. This was the key to everything: the 'repairs' that were applied were deadly poisons that made things much, much worse. If the US and Japan had imitated China in raising reserve ratios, limiting leverage in the markets, raising interest rates, then all would have been well after a smaller contraction. Instead, Japan and the US made things much, much worse.

And here is my article from the same day these criminals had their meeting where they discussed what to do, namely, lie about the truth: March 2, 2007.

Chinese peasant investors smarter than American elites.

Like people trying to learn to swim in the North Atlantic after the Titanic began to sink, our beloved economic pundits are toiling hard, thrashing around in iceberg-strewn seas, explaining to us how China did NOT start the present panic which happens to be ongoing according to today's tickertapes.

By Clay Chandler, Fortune February 28 2007: 12:42 PM EST HONG KONG (Fortune) -- It's the start of a new lunar calendar here in China and what better way to commence the Year of the Pig than with profit-taking stampedes on exchanges in Shenzhen and Shanghai that drag down markets around the globe?

On Feb 27, China's domestic exchanges tanked nearly 9 percent, suffering their steepest one-day fall since the death of Deng Xiaoping in 1997. As traders in Europe woke up to word of China's losses, the UK's FTSE sank more than 2 percent, while the French and German exchanges dropped 3 percent.

Of course, what is happening now it very much like the weather: there are many elements involved. The sun, the moon, even, the tilt of the planet, the temperature of the oceans, volcanic activity, how many trees are in forests, all these things create weather. We just saw a major storm pass by here. Dozens of helpless people living in trailers or going to flimsy schools built with no rebars in the walls, etc, died horrible deaths this week. It is one thing to analyze why a storm happened but pretending there was no storm is just stupid.

A lot of the pundits paid to lie about things are pretending there is no storm, this is a normal correction and the housing market is going to shoot to the moon next month along with the cow and the dog with the fiddle. And Santa Claus will return this Xmas and shower us with more Chinese goodies.

And Santa Claus is Chairman Mao. If Mao's heirs want to extend us endless loans at cheap rates we can get goodies while selling the Chinese practically nothing except a few Boeing jets! Europe just lost all its Airbus transport contracts! The 380 just did a 360 degree turn and is nosediving into the Seine. Should this huge disaster cause world markets to drop?

March 12, 2007: New Century's collapse is the beginning, not the end.

So, the New Century pirate executives will sail off into their rich sunsets, pockets bulging? Like Enron? Arrest them all.

The mortgages will now be forced and the people paying this company monthly money will have to get new loans! From whom, pray tell? The Chinese??? Major banks will take a bath, too. But the hedge funds and the investment bankers will skip town. And Morgan Stanely: do they read my blog? Then who warned them they should clean out all New Century paperwork? Eh?

As usual, the insiders are the rats who jump a sinking ship after gnawing holes in the hull. Einhorn might end up being treated like Lay: arrested and charged but allowed to 'die' at home. Or jump from a window.

Here is yet another cartoon from early March of 2007 which shows how the US was very desperate to help kill the value of the yen so that the liquidity would flow even faster. Which it did!

March 13, 2007: Stock Market Dies as yen strengthens

The Enron leaders persuaded their younger hires to rip off people. To file fake reports, illegal accounts and to torment customers so they could squeeze out more profits. This meant at one point, nearly destroying the entire economy of the state of California. Far from feeling patriotic or a sense of simple morals, the boys working within Enron were caught on tape jeering about how they were going to rip off grannies and destroy whole communities.

This childish and destructive attitude has pervaded many systems now. This is why the GOP ran up huge deficits while laughing drunkenly. This is why our President launched a war and then refused to call for any sacrifices from his young supporters. On top of this, the older foxes in the hen house trained these kids to be foxes without telling them, they were eating their own families.

For when these schemes collapse, the families of these now unemployable youth will be drowning in the red ink their children produced.

Yesterday's announcement by one hedge fund run by Eichorn that they misscalculated their negative side of the ledger by a whopping $500+ million barely got any headlines. These guys know how to add and subtract. You can bet, their finance and accounting departments were filled to the gills with very young and inexperienced people who were told to cook the books and who got fabulous bonuses for doing this and now they will be arrested. For it is illegal to cook the books.
But even as of today, we don't see any headlines about how this is totally illegal. This is because all these corporations now do this and all of them have lied to the poor graduates fo business schools who now will be facing personal ruin for joining a criminal enterprise.

Conning people out of their savings is a crime. People went to prison when the Ronnie Reagan schemes unscrolled and caused a major banking industry collapse. Things were shaped up under Rubin working with Clinton but the GOP, as usual, kicked over the table and ended the rules and we go off the same cliff again.

March 14, 2007: The Plunge Protection Team staves off total meltdown.

The Plunge Protection Team pulled out all stops today to 'stop the panic.' They were all over TV and radio, telling the people who know little to stay the course and there is nothing wrong and the 'down' days are done, all is well. But we know all is far from well: the USA's basic numbers are frightful and all point to serious problems that will only grow worse as time passes.

This cartoon was drawn with a great deal of fury. For the lies all the principal parties in charge of America were telling early March were being told for one purpose only: to give time for all the top traders inside of the biggest investment houses to unload all their bad deals! Remember: Goldman Sachs had the audacity to boast that they unloaded all their garbage before August, 2007! And since a top GS officer is in charge of the Treasury, the ease with which they could pull this stunt is obvious: a conspiracy! They LIED about the value of the junk they sold off. They DECEIVED everyone they sold these stupid CDOs and SIVS and all the paper that turned to ashes. They now are happily buying up huge amounts of our oil and are storing it so they can sell it for a premium when their buddy, Bush, launches a war against Iran Kitty. Note that the cat is in a number of the above cartoons!

March 17, 2007: Sub-prime loans will DESTROY all Hedge Funds!

The rich are now frantically finding ways of unloading their soon to be worthless certificates and other scaps of paper upon frantic, fearful lower level investors seeking a safe haven in the developing storm. All sorts of bizarre money/gold/oil/real estate games are intersecting with geo-political matters as the race to see who will collapse first commences. Will it be Iran? Russia? China? Or the USA?

Back when I wrote that, I was making predictions. This was not universally accepted by the public. Due to the tremendous number of lies and evasions from all the top ruling elites who were united in describing a false scenario. That all was not only well but was going to be better and better. They were still in total denial about the housing collapse! They kept saying, 'It will be short.' Or, 'It isn't so bad, look, people are still buying houses!' Etc. There were endless lies. And We know who was lying because they were put on TV and got lots of space at the biggest venues like the NYT or WP or CNN, etc. They were everywhere!

ARREST THEM ALL.

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Comments

[hIGHcastle]

Haha, I didn't start reading your stuff until about a month ago. I love the cartoon drawings! Thanks.

[Elaine Meinel Supkis]

I wonder about the cartoons since few people mention them. Thanks.

[GK]

YES!! Awesome! Elaine, you are on fire! ;-)

[andrei]

'With all the fuss there has been in the popular press of late about the so-called Japanese carry trade and its impact on global liquidity ... one important element in this fascinating global phenomenon seems to be in danger of escaping people's notice: the Swiss connection. This post, which accompanies Manuel's electoral posting, will focus on the Swiss carry phenomenon, and will attempt to situate it in the context of the battery of stylised facts which now characterise economic activity in the fastest ageing of our developed societies. Among these now reasonably well established "facts on the ground" are features like weak domestic consumption, growing export dependence, and a generally low internal interest rate environment. As we shall see, these features appear to be just as representative of what has been happening in Switzerland as they are of Japan.'

Swiss Franc Loans and Ageing

[OC]

Elaine,

Great article and spot on!!

Thought I should mentioned that it's probably USD 2 trillion by end of this year for China...by the way the Chinese government are lousy tax collectors so it is possible that the Chinese people have squirrel away an additional USD2 trillions off the books.

If Hu unlease the Dollar tsunami, it's gonna be 4 trillion dollars suddenly being dumped into the markets.

Anyone could recommend a good lifeboat?

[calvino]

Andrei, wrong. I pointed out the game the Swiss bank played yesterday with their carry trade. The non rate hike was a non event, yet the CHF shoots up immediately in reaction. I quote from yesterday.."the Swiss bank must also be corralled."

Elaine, your favorite three headed abomination is not doing so well with Chrysler and GMAC. Maybe they can fire some more workers and outsource their jobs, after they ship the machinery overseas. Good idea?

[calvino]

Andrei, wrong. I pointed out the game the Swiss bank played yesterday with their carry trade. The non rate hike was a non event, yet the CHF shoots up immediately in reaction. I quote from yesterday.."the Swiss bank must also be corralled."

Elaine, your favorite three headed abomination is not doing so well with Chrysler and GMAC. Maybe they can fire some more workers and outsource their jobs, after they ship the machinery overseas. Good idea?

[calvino]

I meant to say the CHF drops down, not shoots up. It is early and I must brew my coffee. BTW, I love the cartoons.

[Elaine Meinel Supkis]

Calvino, I am very grateful for your input. I am glad you have taken the time to try to understand my point of view. Thanks. You give me some hope.

Cerberus is being slowly dragged into the Cave of Death. They are doomed if the system dies.

[Gary]

What I fear more than the decline of Americans ability to reason and think, is
their lack of ability to feel emotions
and thus any outrage.

In our massive Disneyland we are taught,since birth, to "accentuate the positive and refrain from the negative"
We have an inablity to feel empathy anymore for others. I see this on an hourly basis at my job.

This is due to constant corporate propagandizing from birth.We are told from birth that we are individualists and that bettering our lives is an individual act. And this is also due to fear of authority
figures. In most fundamentalist religions,
Godly authority and human authority are
closely linked.

And so it goes.

[Elaine Meinel Supkis]

This is why all tribal powers win, you know. They are very aware that they are NOT individuals at all. This is how one enters the Ruling Elites: not as individuals. Those are disposed of.

One has to have strong tribal affiliations! Ask the Zionists about this! They are horrified that this is being diluted by intermarriage, just for example.

[Druffkin]

Elaine, there is a peculiar form of brilliance in your writing. And I too love the cartoons. I read everything you write these days.

I'm just wondering - in the midst of this backdrop, what will prompt China (and central banks in general) to finally cease their incessant purchase of our debt? According to Setser it appears buying has *accelerated*. Yet in May 2008, China's exports to the US were a mere 18% of total *exports*. If Japan will screw its middle class to keep down the Yen and keep rates low, would that not imply their own capitulation only in the event of a riot? And if a Swiss bank account is no longer safe, I wonder where a poor soul is to put his/her hard earned savings to maintain its value. Ironically, I am thinking about allocating more to my own brokerage account, with the rest in a broad array of non-US currency. If you had any light to shed on this, it would be greatly appreciated.

[Gary]

Individualism vs Individuality

Individuality is good (and sorely needed)
Its based on the need for as much variety
as possible in people and other living things to keep things healthy in an ecosystem. Lots of checks and balances etc.

Individualism is monoculture of thought and
emotion. The iron filings may be seperate
and "individual" but when the big magnet
goes by, they all line up the same way. This is what is meant by "individualism" in the USAY.

[Buffalo Ken]

Sorry to interrupt here, but I had this idea today pretty unrelated i suspect to what has been discussed before, but not totally.

Anyhow, if Israel wants to attack Iran, shouldn't we get the hell out of that area? Because it will be no different than Pearl Harbor, only worse, and in essence world view would be that we supported the attack.

What will happen here then is it will turn into WW with the US and Israel against everyone else. Why not? Who wants to be on the side of a bunch of losers whose citizens can't even control their own governments.

What a shame.

[Buffalo Ken]

Now if we get the hell out of there (especially the navy whom is most vulnerable) but the army could also be over-run by a good ole tank blitz coming from the other side. Of course the air force would be decimated.

Now that means essentially all armed forces in that theatre would be destroyed.

Now the US really does have just about nothing.

[Buffalo Ken]

If we get the hell outta there maybe this won't happen.

Otherwise someone is setting someone else up for the fall. Big time.

[Buffalo Ken]

and that is not a riddle it is just the way many fine folks need to talk today so as not to make any "waves" that the so-called watchers find offensive....

[Buffalo Ken]

This kind of thinking happens when a president has their brains blown out in a non-indiscriminate manner. That ain't right.

It will not be left alone.

[Buffalo Ken]

I'm printing this and putting it up for safe keeping.

Peace,
Ken

sorry for the storm of messages but it was just something i wanted to say.

[Buffalo Ken]

one last thing, don't you think "666" is a setup? An easy way to create a target out of nothing. I do.

The whole end-times crowd should just be directed off the cliff.

So say BUFFALO ken.

[Buffalo Ken]

i swear i had an s there but it works either way.....

[Buffalo Ken]

OK, now maybe i'm being flippant, but don't you think it would be nice to hear some things from Elliot Spitzer. I bet he has some stories to tell.

Just a thought.

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