Another Useless, Irresponsible Journalist Confirmed
Saturday, April 17, 2010, by Stathis

A few months ago, I wrote an article discussing how the same incompetent bozo financial reporters who missed EVERYTHING (causing YOU to lose your shirt in the stock market) have since taken book leave.

Their purpose? 

To write books dramatizing the biggest collapse in history so they can line their pockets.

And the sheep have lined up for these useless books despite the fact that not one of these novels has any real investment insight or offers ways to navigate the collapse.

People who purchase these useless books are actually rewarding the same idiots who have black-balled me and have been responsible for your losses due to fronting the agenda of Wall Street and Washington, thus keeping you in the dark. Think about that.

People don't need reporters acting as amateur historians to document massive fraud. They need competent journalists to uncover the truth so people can avoid investment losses, while rallying to demand the banking criminals are sent to prison. Of course, none of this happened.

Instead, the media has fooled the people once again by fixating on scapegoats like Bernie Madoff. Make no mistake. The media has intentionally focused on the smaller players (who had nothing to do with the collapse) as a way to shield attention from the real criminals who were responsible for the multi-trillion dollar Ponzi scheme.

This explains why not a single journalist won a Pulitzer Prize for coverage of the biggest financial apocalypse since the Great Depression. How could reporters have missed out on such an opportunity?  Some were just too stupid to see what was happening, while others did not want to be disloyal to their friends in Wall Street.

(I never thought of this idea shown in the picture above; a great way to reach people.
I plan to buy a few magic markers)

 

Before I get back to this, let me mention the latest news.

Yesterday, the SEC announced it has filed civil charges against Goldman Sachs for its role in misleading its customers in CDOs. 

Of course, the SEC doesn't stand much of a chance in winning.

After all, they couldn't even get a guilty verdict from what I viewed as an easy slam dunk against Mark Cuban.  So I won't even waste my time with wishful thinking, like the Department of Justice might bring criminal charges against Goldman and the other banking criminals. 

Well, from the previous article discussing these useless money-grubbing financial journalists, I pointed to a reporter from the Wall Street Journal, Greg Zuckerman (notice the last name, as you should anytime you read anything from the media because it explains a lot) who had written some "You too can get rich and I'll show you how" article, despite the fact that he has NO IDEA HOW TO INVEST. 

[Why in the Hell have people not demanded these journalists cease from playing investment guru?? And they wonder why they always get burned in the stock market.  The more I see, the less I will give a damn when the next collapse occurs. Main Street deserves to lose everything to the criminals due to their own ignorance. They never seem to learn.]

Of course the article was written in order to drive sheeple to his useless book, The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and made Financial History

In this book, he praises John Paulson as some remarkable investor after he landed billions betting against the sub-primes.

What you don't know is that I actually emailed Zuckerman when I saw that article and his book and called him out on Paulson.  I suggested that instead of making him out to be some legend he should have investigated the fraud he was involved in. 

UPDATE (04/19/10): The email exchange.

 

Well, I couldn't have been more correct. Zuckerman couldn't have been more wrong.

As the announcement from the SEC states, Paulson was involved with the construction of these CDOs. And of course, he knew which mortgage securities were the most useless, so he made easy money. He basically stole money from investors.

Not only did Paulson commit fraud in my opinion, I could argue it to be a form of insider trading at the very least. 

I hope you see the beauty in this. The allegations made by the SEC demonstrate that Zuckerman is an irresponsible journalist at best, and a reckless moron at worst.

His book, which seemed more as if it were written by Paulson himself, has now been confirmed as a complete fairy tale, consistent with what the WSJ publishes.

In fact, the publisher should pull this useless fictional book out the market permanently.

However, the SEC has decided to not bring charges against Paulson. The reason?  He did not fail his responsibilities to his clients.  Yea, instead, he stole money from others and gave it to his clients. I guess that's okay. 

Excuse me but fraud is fraud. While the SEC many not have the jurisdiction to prosecute Paulson, the Department of Justice certainly does. And if they don't you need to raise Hell until you pass out.

Prediction: Paulson won't be touched by the SEC or the DOJ. How do I know?  Because he is well-connected to the Washington crime syndicate.

My guess is that the SEC brass has no intention of winning the case. They certainly don't have the expertise. And they are no match for the unlimited dollars feeding Goldman's legal vultures.

My guess is that the SEC is merely using this case as a PR stunt to help it regain public trust after having blown things for many years.  

Here is the real test.

I spoke with my contact at the SEC and volunteered my effort to help them prove this very difficult case.

I am willing to bet that I will not be contacted, or else I will be contacted by some junior investigator (all of the junior investigators I have dealt with there are morons and I'm not so sure the senior ones are much better) and not given the proper latitude needed to make an impact.

The SEC was once a respected agency, but that was a few decades ago. They worked hard to gain this reputation. But over the past three decades the SEC has been missing in action due to the revolving door with Wall Street.

Since then, the SEC has been living off of its glory days, while and investors have paid dearly.

You shouldn't expect any real change from the SEC. Obama's appointment of Mary Schapiro as the new SEC chairman confirms this premise.

In reality, Schapiro was appointed by Obama's Zionist puppet masters because she's part of the club. 

First, Schapiro is definately Jewish is most likely a Zionist (guilty by association).

Second, Schapiro has served much of her life as a securities regulator during the period when securities regulators have completely failed. For instance, she was the former head of the CFTC. The commodities and futures exchange is plagued with much more fraud than the stock market. I've actually spoken to SEC attorneys about this (since they have some overlap with the CTFC) and they had no idea about this level of fraud. Everytime I speak with SEC officials, I realize more and more just how much they are in the dark.

What did Schapiro do as head of the CFTC?  Did she clean it up?  Hell no. As head regulator in America, your job is to go after the small players to make it appear as if you these agencies are fighting for the people. The most important part of your job is to turn your head when the big players commit fraud.

Schapiro was appointed to head the SEC because she has demonstrated her compliance with the crime syndicate. Like many of Obama's "change crew," Schapiro has served under Reagan, Bush and Clinton, making her part of the Zionist-Washington mafia.

Don't be fooled by the SEC's numerous announcements about how they plan to do this and that. It's business as usual at the SEC much in the same way as it's business as usual in Washington.

God I'd love to be chairman of the SEC. I'd go after all of these criminals. But there's a damn good reason why the appointment is made by the White House. It's nothing short of a crime syndicate. 

A few decades ago, the Italian mafia ran Wall Street. Today, the Zionist Mafia is in charge of the game. In fact, they also control the entire banking system, the media and Washington, making them the most dangerous enemy ever faced by America. I just can't see how Americans fail to see how things work.

I don't care if the mafia is Italian, Jewish, Catholic, white, black, green or red; a mafia is a mafia and they need to be dealt with appropriately. The problem is that those in charge of going after criminals, such as the DOJ, CIA and FBI are also run by the same mafia.

Combined with the mind control, brainwashing, controlled opposition and other tactics used by the mafia-run media industry, most Americans remain in the dark. And for those who understand the reality, there's really nothing they can do to stop this mafia. They control the game and I don't see any way they can be stopped.

Now for all of my Jewish readers, the fact that you are at this site implies you are not part of this mafia. That would imply you are not a Zionist. However, simply being Jewish won't save you from their plans. You stand to suffer just like everyone else.

The only thing that matters to this mafia is that you are part of their club. That is why there are several non-Jews in this mafia. They all have a few things in common; acceptance of Zionist agendas, no conscious, a thirst for money and power, and no regard for who gets hurt.  

 

Now turn off that TV. Cut the cable. Stop wasting your time being brainwashed by the mafia's brainwashing mechanisms and watch these videos.

 

 

 

 If you have not already watched www.911missinglinks.com, I highly recommend it.

 

 

 

Read more articles for "Fraud and Crooks"

 
14 comments for Another Useless, Irresponsible Journalist Confirmed
1 non-professional investor on Apr 20, 2010 said :
LOL... Today, as I was walking around downtown during my lunch break, every time I walked by one of those news stands, all I could think of was "Sharpie Pen"!
2 Maury Cloud on Apr 20, 2010 said :
Mike, right on. I enjoy and appreciate your articles. They are right on point. The evil jew is the world's foremost problem. America is doomed unless we can throw off the yoke of jewish supremacism. Maybe we need a military coup and a jewish expulsion. What would it be? the 90th country from which they have been expelled?
3 Andre D on Apr 19, 2010 said :
In short, I want to read those e-mails.

Kep up the excellent work!
4 rick nickerson on Apr 18, 2010 said :
Thanks for our continuing education in the deceptions of the media,
financial world, and of course those that make it all possible our
congress. Keep up the great work!
5 Casandra Murray on Apr 18, 2010 said :
Thank you for sharing your knowledge! I need to buy some magic markers too....
6 ava on Apr 18, 2010 said :
Yes well, Zuckerman just couldn't resist the urge to call me an anti-Semite, as all Zionists do if you dare criticize the dominance of the media by Zionist Jews, and/or expose the fact that you must be Jewish in order to get media coverage.

Zionists are typically neo-conservatives. However, the movement has such a stronghold over American Jews that most have come to accept the core principals of Zionism. Zuckerman is like most liberal Jewish Americans, who are Zionists without realizing it. And his inapparopriate use of anti-Semite is evidence of this.

As I have discussed in the past, Zionists always try to discredit anyone who is critical of Israel or Zionist control of the media (or othe industries) by labelling them an anti-Semite. Of course this is completely ludicrous. That is why many people are unaware of the Zionist mafia. People will not critisize them for fear of being stigmatized due to being labelled an anti-Semite.

How is someone an anti-Semite because they are making ascertians about issues such as censorship due to industry dominance?

Labelling someone an anti-Semite is just another way they try to discredit or create social intimidation to silence their critics. It's a primative psychological tactic. And its use points to an obvious attempt to shield the public from the truth. This is similar to the imprisonment of individuals in most European nations who (God forbid) dare to question the extent, nature and details surrounding the Holocaust.

The fact is that Zionist organzations (like the ADL) have redefined the meaning of anti-Semite. To them it includes anyone who threatens to expose their control and deceit, as well as individuals who show hatred or prejudice towards Jews. I fit the former description of this erroneous version of the definition.

According to the American Heritage Dictionary, an anti-Semite is "One who discriminates against or who is hostile toward or prejudiced against Jews." You can bet that soon, dictionaries will be "updated" to include the erroneous Zionist definition, as they have with other terms in the past. This of course, serves as a manner by which to brainwash society.

I am neither prejudice nor hostile towards Jews. I have Jewish friends. They are not of the same mindset of many Jews (who have been poisoned by Zionists). I am simply fighting back against prejudice behaviors by Jews (mainly Zionists). If one who experiences prejudice/discrimination qualifies as an anti-Semite because he dares to disclose these activities, then
I suppose I am an anti-Semite. I don't choose my friends based on race or religion. I choose them based on the substance of their moral fabric.

Finally, the most ridiculous aspect of the term anti-Semite is that in the vast majority of cases (90%), regardless whether one is prejudice towards Jews or Zionists, the term DOES NOT APPLY because 90% of Jews are NOT of Sematic origin. Arabs are Semitic people. Most Jews are not. Research this and you will see.

Here is a good start

http://www.solargeneral.com/library/13-tribe.pdf

Notice the author is Jewish.

Of course, if he were not Jewish he would be labelled an anti-Semite. Any Jew who tells the truth about Zionism is labelled as a "self-hating Jew" by Zionist groups as a way to discredit him. This too, is obviously another primative tactic.

Criminals who practice deceit and manipulation always have an excuse for everything.


7 N/A on Apr 18, 2010 said :
I'm amazed Zuckerman even answered your mails, handing out nails for his own coffin.
8 Jackson on Apr 17, 2010 said :
Mike,

Per FINRA Brokercheck, I found no Adam Storch registered. Also, check out the clip of the Goldman alumni (Erin Burnett and Jim Cramer) yesterday trying to slap down someone trying to tell the truth about the GS situation. This whole thing is a circus, but the sheep will continue to follow along and believe what they're told.

http://www.youtube.com/watch?v=_AWktx-tCZg&feature=player_embedded#!

Site Administrator: I located the video on You Tube. The last thing you want to do is cite Zero Hedge. They are like Michael Moore - pseudo-heroes. They are just as bad as the crooks.
9 M A Bohn on Apr 17, 2010 said :
The very instant that I heard of the SEC charges against GS, I knew that it there was a 99.9% chance that it is all for show. There may even be someone chosen to take a hit for the team. But that will be it. We are in the classic situation where the political operatives have decided to throw a bone to the people hoping to calm them down.
For decades I have been observing this sort of thing and I too am convinced that this is the worst it has ever been and it's growing. Sometimes I hope for and sometimes I fear that there will be an epiphany amongst the public. I fear that if the public awakens, there will be hell to pay and I and my family will be just collateral damage. Be careful what you ask for.
10 Individual on Apr 17, 2010 said :
Mr. Mike Stathis, Thanks for your herculean efforts and your truthful, insightful analysis. This is the best newsletter ever and thank you for letting me subscribe. It's very difficult for a regular individual to see through the intricate media traps until you have an expert show you that initial light. Reid,Dodd,Schumer, et al should all be behind bars.
Read America's Financial Apocalypse people, and say who wrote a book like this before the crisis? Now go into a bookstore and you'll see all the gloom and doomers with post game useless writeups.
Only about 1/3 of the way through on "America's Health Care Solution" and its great thus far. Thank you again!
11 mike flynn on Apr 17, 2010 said :
Mike, I share your frustration.
12 ava on Apr 17, 2010 said :
Yes of course, Storch. Thanks for reminding me. I was going to fit him into the article but I forgot his name (it was 5am and I was too tired to look it up).

What's funny about him is that I've spoken to SEC attorneys over the past few months, criticizing his appointment. I stated that it was proof that the SEC was moving backwards, not forward, and that he had no insight, no experience and was obviously a plant for GS. The amazing thing is that none of them knew about him. It's obvious he was planted there for damage control.

Are you sure he isn't even licensed??? If so that makes it even funnier. According to my recollection, he was basically a rookie banker (a grunt or gopher).As far as I recall, all bankers are series 7 licensed. I'm curious to know for sure if he has no securities licenses.
13 Jackson on Apr 17, 2010 said :
Here's another reason the SEC claim against Goldman is all a show. The new, 29 year old COO of the SEC, Adam Storch was a Goldman exec. The guy doesn't even have a Series 7, 6, 63, nothing at all. So they put this guy in charge who hasn't even been a broker or even taken the test over the very industry he will cover. Man, this game never ends. This is all crap!!!! Give me a break!
14 NONE-Individual on Apr 17, 2010 said :
I can see the SEC is trying to restore reputation (whatever reputation they had) but I'm quite surprissed at the fact that they are dumb enough to be uncapable of succeeding; wouldn't it be more a matter of not wanting to win?