Organized crime: The 'looting' of $11 trillion from the U.S. economy
World Tribune ^ | March 5, 2010 | world tribune/ Cliff Kincaid
The following is based on a report by Cliff Kincaid for Accuracy in Media.
The New York Times is quoting a spokesman for George Soros as saying that the well-known hedge fund operator is guilty of no wrong-doing in connection with the financial upheaval currently affecting Greece and Europe as a whole.
But Zubi Diamond, author of the powerful new book, Wizards of Wall Street, says the agenda of Soros and other short sellers is clear. Their purpose, he says, is “to loot America and any foreign country which invested in America. Greece was one of them. Iceland was ravaged and annihilated.”
Diamond, with 14 years of experience in the financial markets, calls his book a course in “Economic crisis 101” because of the need to inform ordinary Americans of what is happening right before their eyes. The book is easy to read, although it deals with complex financial regulations and operations, and is only 118 pages. The theme is that the economic crisis was deliberately engineered for profit and political gain and has already resulted in the “looting” of $11 trillion from the U.S. economy.
The term “short selling” in this context refers to investors, speculators and currency manipulators who bet on the decline or collapse of a stock or currency through complex financial instruments handled mostly through secret off-shore accounts. For the hedge fund short sellers to make money, prices have to go down.
Short sellers, who are appearing at a March 11 event at the libertarian Cato Institute, insist that they “provide liquidity and transparency to our capital markets” and that their operations “expose corporate fraud and mismanagement.”
(Excerpt) Read more at worldtribune.com ...
Mr. Zubi estimates that 11 trillion dollars were looted from the American economy. If one adds that 11 trillion to the estimates of what Barck Hussein Obama with Timothy Geithner looted from the American Treasury in 2009 at 13 trillion dollars, one is starting to talk about a great deal of money in the terms of what was stolen would have paid off almost half of the US real debt hovering around 60 trillion dollars. My estimates are in the league of Obama spending, Obama debt and the nefarious and very illegal market manipulation which Tim Geithner was engaging in, in selling short on the US Stock Market and harvesting funds for Obama benefactors and for clandestine Obama policy.
What Geithner was doing is exactly the nation rapist short selling which George Soros and Warren Buffett are constantly up to. Geithner was in being backed by the US Treasury would dump money into Wall Street for a few weeks. Then on a Friday, he would make a massive algorithm sell off, which is what the British Government outed and started alerting the world to. This short selling in knowing the market was going to be dropping simply had to be known by major players who were using this piracy to run their financial institutions in making up for operational funds in what Mr. Diamond is pointing to his 11 trillion dollar robbery.
For the record, that is why America has no money nor expansion. No nation can have stolen from it 24 trillion dollars, markets robbed of liquidity, investors robbed of savings and Obama opening up the debt taps even further. This is the greatest criminal financial theft in world history. It is all in plain sight and most of that currency is sitting in central European banks, and has as this blog noted, should be ordered back into American finance or a war will ensue and America will take her funds back.
This is the same group which was selling short in airline and other stocks moments before 9 11 was struck.
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I will see what more I can dig up but I dont doubt this for a second.
George Soros is another criminal minded "banker" who should have been hung a long time ago.