- Editorial Commentary -

“What utter madness to believe that one can prevent the truth of history from eventually being written.” — Emile Zola.

April 16, 2010 (FinancialWire) (By Bud Burrell) — Editor’s Note: This recent commentary by FinancialWire(tm) contributor, Bud Burrell, perhaps offers some perspective for those with an interest in global financial and banking ETFs such as the iShares S&P Global Financial Sector ETF (NYSE: IXG), the SPDR KBW Bank ETF (NYSE: KBE) and the Regional Banks Holders Trust (NYSE: RKH):

Numerous attempts have been made by supporters of financial market manipulations and financial profiteering to suppress anyone who opposed them. Slanders and libels have come from every quarter, launched by parties attempting to cut-off the threats of the communications with the public from parties who have seen through the ploys used by these nefarious villains. Indeed, one victim has built a pocket industry in outing the use of “Sock Puppets” by tainted journalists, offshore scammers, and worse.

I have seen the conflicts of interest displayed by these parties, who are so cowardly, they hide behind screen names, while they attack the enemies of their enemies, irrespective of guilt or innocence of said targets. I have personally outed many of these individuals, who were paid well in their positions as trained attack dogs for sleazy, mob connected criminal operators, to ruthless hedge fund short sellers who made fortunes off attacking every component of American society. They have used short selling techniques to bet legally and illegally against the United States in a difficult time, and our regulators have done nothing but protect them.

Unfortunately, these same regulators, who are RICO activities in and of themselves, have managed to make two-thirds of all existing criminals some form of confidential informant or cooperating witness. This mirrors similar conduct with the legendary mobster/pedophile Whitey Bulger used and protected by the FBI in Boston, during a period when he was committing as many as 50 murders. There are so many criminals multiplied by two to three for their lawyers, that it has become a common occurrence to see a crooked deal be peopled at an executive level by all criminals, except for the innocent schmuck who was just trying to commercialize a new business idea, or technology, etc.

The history of stock manipulation in the modern era was certainly given its profile by none other than Joe Kennedy Sr. and his partner, Bernard Baruch, when they assembled over 500 “Pools” funded by the wealthiest families in America to run the 1929 Raid. I have told everyone I know the full story, which was concluded by Kennedy having a liquid net worth of over $500 Million at the time of the Banking System Collapse of 1933. The whole story is almost beyond imagination, truth stranger than fiction.  When the Crash came, it was followed by the Pecora hearings in Congress, intended to determine how the financial crisis came about, at whose hands, and how it might be effectively addressed by the US Government through regulatory oversight.

Out of these hearings came a series of regulations, including the Securities Acts of 1933 and 1934 which created the SEC and the NASD (name changed 60+ years later to FINRA). When FDR came down on a selection of an appointment to run this new Federal Agency, he stunned everyone by picking the biggest thief of the era, Joe Kennedy Sr.  He came under attack from every nook and cranny of the United States, from every element of our society for his choice. FDR could be obstinate, and he stood firm, justifying his selection with many phrases than could be summarized best by the following: “I needed one of their own kind, who understood their criminal methods, to have any hope of controlling them. He got what he wanted, and Joe didn’t disappoint. He turned the SEC into his personal vendetta unit, attacking his targets and his enemies, self dealing over and over again in extortion rackets, until finally he sought and got the US Ambassadorship to the Court of St. James. His only problem? Joe Sr. was a Nazi sympathizer, and when this was opened up in the British Press, FDR was forced to recall him after only a few months on the job. FDR deserved the humiliation, Joe more so.

Global banking and investment banking has had a singular role in the financing of every major war of the last 200 years. The mindset of the globalist bankers is probably best summarized in the quote of Mayer Amschel Rothschild: “Let me issue and control a nation’s money (meaning currency) and I care not who writes the laws. Monied interests have never hesitated to viciously attack anyone threatening their control of the global economy. The only bulwark against their power has been small independent voices and carefully constructed “Cut-Outs” they have used to protect themselves. Is the Federal Reserve part of that picture, a “Cut-Out” used to suck value out of the US economy?

The court is still out on that, but not on how the small independent voices are treated. If anyone who has threatened their interest gains traction, he has been viciously attacked, slandered and libeled by offshore parties who don’t hesitate to publish the most vicious personal slanders that they can mount. I have been called every name in the book, including a pedophile by offshore scum, and attacked by people like Gary Weiss using a screen name, a tactic he has used time and again, only to be outed by better investigators than himself. He is the sockpuppet personified. He hides in Brooklyn, from many who want to serve him papers for deposition.

Going back to the Zola quote, Weiss, Ryals, Schneider, and others like them will be found out, and the backlash will be worthy of a ringside seat. Maybe it can be arranged that they and their friends can be thrown to angry shareholders in the new Yankee Stadium. It would out-draw the Colliseum in Rome when gladiators fought.

Source: Courtesy of Investrend Weblogs (http://www.investrendweblogs.net).

Readers are invited to read previous FinancialWire(tm) commentary by Bud Burrell (via http://www.financialwire.net/?s=bud+burrell).

Bud Burrell’s experience spans a diverse spectrum, including service with the U.S. Military in the Special Forces, as a Finance Officer and as a Project Finance & Accounting Officer. Burrell also pursued studies in fine arts, the Renaissance, Russian history, and Chinese culture. Following years of working on Wall Street, he worked with specialty and derivative money management consulting and research and development in IT and AI.  Since then, Burrell has worked globally with major development stage companies from the IT, energy, alternative energy, bio-pharma, and general technology arenas, as well as on counterfeiting and financial fraud scandals.

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