- Some people are just busy with their personal lives.
So all they know about the world is what they ingest from the oil-soaked,
spy-riddled monopoly press. If it is not mentioned there, well, it did
not happen. And common Americans, occupied with their personal circles,
often do not make time to sit and listen to their elders. Some rather ship
their elders into expensive warehouses called nursing homes. [The nursing
home rackets are a story for another time.]
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- So the wisdom to be learned from past generations and
their mistakes falls into the black hole of the unknown.
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- Here is a list of what ordinary people should have learned
but often have not. Such as the blunders of the 1920s and 1930s:
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- SUCKER TRAP NUMBER ONE: "Business cycles have been
abolished". Oh yeah? By whom and when and how? "Prosperity is
just around the corner". Slogans like that were mouthed off by President
Herbert Hoover. Not surprisingly nowadays, some mistake that name for the
infamous FBI Dictator.
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- A possibility that we are NOT facing a "great prosperity"
returned, is sent off to be studied by a "Presidential Commission".
Their report, if any, if ever, is filed in Never-Never land.
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- SUCKER TRAP NUMBER TWO: Invest in the "Great American
Dream". Yes, if you are young, and somehow survived a world war just
ended, and was not shot or bombed to pieces, you can rightfully buy stock
in American big business and expect a period of prosperity. Many born into
the tail-end of business cycles, however, refuse to realize their position
in time and place. Endlessly mouthing off "now is my time" may
avail you nothing.
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- Do not expect the newsfakers to set you wise. Well-oiled
press whores are not about to risk their jobs to bring you harsh reality.
They write and speak on-air what they understand the presslords want said.
Contradictions are not specified clearly. The ultra-rich want to even further
enrich themselves by having as many Americans as possible paid only minimum
wage or just above that. "We have to be productive and competitive".
At the same time, they are flooding the nation with non-citizens who do
not protest being paid, under the table, LESS than minimum wages.
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- What we call "the liars and whores of the press"
have advertisers urging us to buy fifteen and twenty thousand dollar cars.
What? To be paid with cheap wages?
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- Some grow up never having read Ferdinand Lundberg's great
work, "The Rich and the Super-Rich" (Lyle Stuart publishers,
1968, still more or less available hardcover and paperback). Lundberg points
out the ultra rich are often just plain stupid. Certainly with a lot less
sense than the average working person. The very rich are forever beating
down the common people who sooner or later, as Lundberg shows, rise up
and smash their tormentors.
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- One reason there was no revolution in the Great Depression
of the 1930s, was the great number of newly arrived immigrants. They were
quite satisfied to be in America, even to sleep under bridges when it rains.
Better than elsewhere. Will common Americans, moreso born here not elsewhere,
now act also somewhat subdued in the face of adversity? Of course, there
were labor riots in the 1930s, beaten down by goons from General Motors
and hired thugs of Ford Motor Company. [The unemployment and food riots
in Argentina, December, 2001. Can THAT also happen here?]
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- SUCKER TRAP NUMBER THREE: "Interest rates are reasonable.
So now is the time to suck the equity out of your house". That is,
pile up on yourself more mortgages?
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- The so-called mortgage peddlers have multiplied like
a swarm of locusts, to eat out our substance. Basically, they are urging
ordinary Americans to wreck themselves.
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- With a recession belatedly officially proclaimed and
an apparent new Great Depression again looming, it is a time not to pull
a wagon of rocks. Too many ordinary Americans find their wagons so heavy,
it requires two horses, both husband and wife working. And everyone over
the age of ten should be working not schooling? Hey, have we all forgotten
the terrible struggles of bygone years to stop mis-using Child Labor? Have
corrupt public officials stopped enforcing Child Labor Laws put on the
statute books after great turmoil and bloodshed?
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- If you do not comprehend what is here being said, well,
spend time at a unit of McDonald's Hamburgers. The Child Labor rushes around
polishing doorknobs and such. And, often they work after closing hours,
not paid for that, while cleaning up the fake milk-shake equipment. McDonald's
seems to encourage their Child Labor to be illiterate. Cash registers have
pictures, not numbers.
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- In plain talk, it should be a time of no mortgages, no
credit cards, no vast installment payments. And Child Labor should be wide-awake
in school being educated, not sleepy-eyed, with no time for homework, not
used at cheap wages to enrich fast food giants.
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- Late night COMMERCIAL television is laughable. There
is an ad basically telling you that even deadbeats will be given credit
to a buy a car. A moment later, your local bankruptcy lawyer (or liar?)
is announcing he is available to save you. Oh yeah? As we have pointed
out on our website and on our NON-COMMERCIAL television programs (public
access Cable TV), the bankruptcy courts too often are a giant fraud, seizing
for the vultures of the local "Bankruptcy Club" what is left
of the property and assets of the sick and the unemployed.
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- Do the monopoly press ever tell you HOW to protect your
hind-quarter?
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- SUCKER TRAP NUMBER FOUR: "I do not have to worry
about my stockbroker. After all, they are insured by the Government".
Really? If your broker goes under in a crash or scandal, your account in
the meantime is frozen. Your "great long-term investment" may
melt to almost nothing while you are powerless and forbidden to do anything
about it.
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- And, are there adequate reserve funds in the supposed
"government" set up insurance fund? Really? Not everyone thinks
so.
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- If you really understand finance, ask your broker a forbidden
question: "What if the Clearing House itself goes down?" The
reply may be, "Stop asking. That cannot happen". Well, in 1984,
when Continental Bank of Chicago collapsed, a Clearing House came within
a hair of going down as well. [I had the distinction of accurately predicting
the downfall of Continental Bank, a major owner of which was the highly
corrupt Chief Judge of the Federal Appeals Court in Chicago, 7th Circuit.
I was a few months ahead of my time, and some in key places enjoyed a brief
period of calling me a "liar". Later did they eat their words?]
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- Also, the regulations of insurance for failing and failed
brokers are riddled with traps and loop-holes. Such as, your stock was
bought through ANOTHER firm which is actually holding the shares. Hence,
YOUR broker is not responsible.
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- More sucker traps identified.
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- Stay tuned. ____
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