The lateset republican "get rich quick without working" scheme..

...currency trading. The entire weekend here on one of the local network ABC broadcast TV channels has been an endless info-mercial on attending a course on currency trading. This has got to be a major scam.

The headline is "Make $100.00 for every dollar invested in training". Thats a $600.00 weekend class that will let you make $60,000.00 in currency trading. I don't think so.

Start out with a modest $300.00 it goes on to say and make $30.00 per day the first week. Then the following week the testimonial couple boast of $150.00 a day. And now the sky is the limit. I did not catch the name of the fellow who is promoting this scheme, but of course he is young, dripping with expensive jewery and driving expensive cars and lives in a huge mansion.

What is the catch. To make money on that scale from currency trading requires millions, if not billions in daily transactions. Sure Warren Buffet is doing it, but come on, he's the richest man in America. Why are these types of rip-offs allowed to exist and steal peoples hard earned money. Who benefits, are people being lead to certain trade sites run by these people who will charge outragious transaction fees?

These kinds of schemes always surface under the republican dominated administrations. They went on under Richard Nixon when network marketing exploded on the scene, then when Ronnie Reagan republicans dominated the political attitude in the country, I recall get rich programs trading in tax shelters and REITs and junk bonds that blew up in the 1987 October stock market crash. Pappy Bush had some crap thing going on while the country was struggling to get out of the 1990's recession, I think it was gold and precious metals trading for the masses. Now, under BushCo we see this rush to dump U.S. dollars in favor of open market trading in foreign currency, a risk that is on par with putting your savings and monthly mortgage on the table for a number to come up on the roulette wheel in a casino.

Here is an article debunking these various schemes. Read and open your eyes.

<snip>
America's Get-Rich-Quick Scheme
By: Bill Bonner, Chuck Butler & The Mogambo Guru, The Daily Reckoning
Ouzilly, France

Monday, May 02, 2005
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*** The housing bubble spurs on senseless speculation - and mindless metaphors...do you see yourself as a future Donald Trump? Join the club...

*** Moronic money...when the bubble finally pops, it may not be very amusing...

*** What makes a smart trader?...the means are the ends...and more!


In the Last 399 Days, the S&P 500 Rose 41.3%.

You Could Have Made That in 90 Minutes! When a stock has Momentum, Strength and Trend all moving in the same direction at the same time, you stand to make money 72.9% of the time. That's the key to my MST Trader Alert System. In fact, following this proven trading system, I'll even show you how you could make as much as $6,580 in as little as 24 hours - just like one reader already did!

To learn more about the MST Trader Alert System visit this link:

http://www.agora-inc.com/reports/MST/WMSTF414

The end of the housing bubble must be approaching.

"Flipping Real Estate Without Getting Burned," reads a headline from the weekend Seattle Times.

<much more>
<link> http://news.goldseek.com/DailyReckoning/1115060950.php

Is this what Bush will allow to happen under his Social Security privatization plan?

Joe Sixpack is allowed to get in on this stuff the cycle has usually run its course. It takes years to learn how to trade the markets. That's what I do and it is not in any way as simple as these scam artists make it sound.

http://betoniraq.com/

To any Republican trolls reading this: Put your money where your mouth is and PLEASE buy Iraqi dinars. Bush said freedom is on the march! He wouldn't lie to you, would he?

<snip>

So, who are we?
We are freedom loving Americans that believe a liberated, resource rich Iraq can become a force in the world economy. We believe the efforts of the coalition are noble, and will be effective.

We are not professional financial consultants or Wall Street gurus. We can't predict the future or offer any investment advice.

But we will bet on Iraq.

<end snip>

Names please, names! John Negroponte....Dick Cheney....Paul Wolfovitz....Condi Rice....? No? None of those people? Then Who?

These scams take advantage of the shrinking middle class's insecurity with re to the future. There's no longer the optimism that the country is going the right way, and traditional investment and thrift does not have the appeal it once had. Long-term growth prospects in this country are questionable. I don't think it's right to label these 'republican' scams, but I do feel they are a symptom of what's wrong in this country.

There are good multi-level business models out there that don't take advantage of people and could in no way be considered a 'scam'.

It's a shame that some of those businesses were either poorly conceived or fraudulent, but one cannot say that 'network marketing' is a scam.