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Why does the Head Chimp In Charge want your bling in the Stock Market?

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Peak_Oil Donating Member (666 posts) Send PM | Profile | Ignore Fri Feb-04-05 12:12 AM
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Why does the Head Chimp In Charge want your bling in the Stock Market?
It's because we're headed for an economic implosion. We're going to see the stock market take a huge bath. This is his last chance to allow his multimilliondollar buddies cash in on one last rally in the US stock market. After that it's every chimp for himself.

Oil production will peak by 2007. That's it for economic growth. No mas. One more pump and dump, and then it's time to sell out for good.

That's why he's going to try to f@#k up SS for the rest of us. His buddies want to cash in one last time.
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burn the bush Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-04-05 12:14 AM
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1. i think because most people wouldn't know what to do. Then his buddies
get to charge them a nominal fee to take care of it for them. That way, they now get a cut of most peoples social security. They knew they could find a way to get their hands on that money.
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AVID Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-04-05 12:15 AM
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2. I got a Larouche sales call tonight that said the same thing nt
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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-04-05 12:25 AM
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3. Service fees!
The Chilean experience states that 15% at a minimum will go into service fees yearly. The system we have now eats up 0.8% in service fees. Going to piratized accounts would be a minimum 1500% in service fees, alone.

That means that average 4.5 return in the stock market (not the outlandish figures of over 10% that the right wing screechers are using) is not only going to disappear, the principal that is invested is also going to be looted to cover those fees.

So even if a miracle occurs, offshoring slows down, the rich start hiring us ordinary slobs as sort of a nobelesse oblige welfare program, and the world suddenly decide the Euro aint that great after all and goes back to the buck, the rich will get richer off the service fees they sock to those investment accounts.

Don't kid yourself. It's a scam, beginning to end.
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