Guest Post by Hardscrabble Farmer
The first question that came to mind as the closing credits rolled on the Netflix documentary Madoff The Monster of Wall Street was why? Why would they make a movie like this that connects as many dots? The film lays out so many of the obvious truths of how America and the economic systems we have come to depend upon are nothing more than a collosal fiction, a fraud operating at every level and throughout every aspect of our Government, and the institutions we have come to think of as our culture.
And then it hit me.
The purpose of this revelation is to serve as cover for the even larger Ponzi scheme that is SBF about to unravel, and eventually, if I suspect correctly, the death blow that will be discovered when Black Rock is finally shown to be the exact same kind of Ponzi scheme as all the others. When the final downturn in our economic collapse goes into full Krakatoa and wipes out every last vestige of economic stability in the Western World.
The central underlying explanation for what transpired is based upon the rickety tripod of incompetence, misplaced altruism, and bad luck. Had it not been for the crisis of 2008, Madoff’s scheme would have continued to be as successful as it was up to 2007. Had it not been Madoff’s central concern to please people, he never would have made the kinds of promises he did. Had it not been for a couple of low level SEC examiners who weren’t properly trained, it would have been caught sooner. None of these explanations pass the sniff test of course.
From the beginning the SEC with their bloated multi-billion dollar annual budget do little if any work on anything other than drawing paychecks and providing cover for large scale institutional level white collar criminals to operate without fear of accountability. Without the greed of the people helping to run the operation anyone with two eyeballs and a heart beat would have been able to discern what was going on inside the offices of Madoff’s criminal empire in a week or less.
Had it not been for the gullibility and rank stupidity of the American people the common denominator between all of these parties, save for a few, low-level associates, would be readily discernible. The producers do not want anyone to notice these obvious signs of just how the global banking and economic systems really operate because if they were made clear there’d be a revolution tomorrow.
Our entire system is a Ponzi scheme. Everyone is in on it. The government is a Potemkin village, populated by a criminal syndicate that is raping the American people and stealing every last thing of value right before our eyes, with impunity. On occasion when it becomes so obvious that nothing can conceal the crimes, they’ll toss one of their associates overboard to placate the roiling masses before quickly moving their shop to another 17th floor.
This documentary is an absolute must see for anyone with even the slightest interest in how things are going to, in the not too distant future, play out in the last days of the dying Empire that was once America. The only requirement is to watch it unfold without listening to the rhetorical assurances of the ones trying to pull this polished wool over your eyes, but as you would a true con man with his hand on your wallet. In the final analysis the greatest con of all is in how this story is told by Netflix rather than the shoddily constructed grift that was Madoff Investments.
It is my sincere desire to provide readers of this site with the best unbiased information available, and a forum where it can be discussed openly, as our Founders intended. But it is not easy nor inexpensive to do so, especially when those who wish to prevent us from making the truth known, attack us without mercy on all fronts on a daily basis. So each time you visit the site, I would ask that you consider the value that you receive and have received from The Burning Platform and the community of which you are a vital part. I can't do it all alone, and I need your help and support to keep it alive. Please consider contributing an amount commensurate to the value that you receive from this site and community, or even by becoming a sustaining supporter through periodic contributions. [Burning Platform LLC - PO Box 1520 Kulpsville, PA 19443] or Paypal
-----------------------------------------------------
To donate via Stripe, click here.
-----------------------------------------------------
Use promo code ILMF2, and save up to 66% on all MyPillow purchases. (The Burning Platform benefits when you use this promo code.)
The first great American Ponzi master:
Actually Ponzi was the first American Ponzi. Sure he was born an I tal ian but he did his financial shenanigans in Boston.
The criminal global banking cartel has effected a coup d’etat in the U.S. This is why the same criminal financial elite that saw 1000 of its members go to prison 20 years ago (after the S&L crisis) is now above the law.
To date, the question of why the U.S. Department of Justice has failed to prosecute even one too-big-to-fail bank for the pervasive criminal frauds that drove the multi-trillion-dollar economic meltdown of 2008 has been answered pretty much with shrugs.
It is time to cope with @ 1:42 . Everything else is fucking theater at this point, sorry Stucky no more posting Russia vs US posts.
Watch the video and know who’s running the show.
Wake the fuck up now, as time is very short.
Jesus put it in my heart to push this message.
I said great. Who else can claim to have created a Ponzi that has been in operation for 91 years, has consumed $trillions in wealth, and has divided a nation along age lines and has no prospect of vanishing anytime soon?
I just so happened to watch the first 3 episodes of this 4 part documentary last night. Very well done and it reminded me of my brief interaction with the true hero of the documentary – Harry Markopolos. I wrote an article about it.
https://www.theburningplatform.com/2018/09/19/heroes-whores/
Awesome article. One of your best. Short and sweet.
.
On a related note, a few months after my Mother’s demise I was going through her financial records and discovered a business card with Bernard Madoff’s name on it. Unlike the ones in American Psycho, it was pretty simple, black lettering on a relatively common white card stock.
I don’t know where she came by it, or if she had ever at any time invested with him. She passed about four months before his arrest in ’08 and I have always wondered what kind of story she could have told about how she’d obtained his contact.
“Behind every great fortune lies a great crime.”
Honore de Balzac
Written 150 years ago.
CC- My favorite book at age 15, Pere Goriot by Balzac.
It was the opening quote in the first pages of The Godfather. As relevant today as the day he wrote it.
I had an Interview in the late 1980s at a place called Investors Center in Hauppauge Ny . I felt there was something not right with the place years later they got busted a lot of guys got felony convictions for securities fraud . Glad I never signed on lol.
I came across them too back then. Gave them a pass, and went to “hang out” with George Bush Senior and friends in Virginia. Much more educational in Virginia.
I think HSF is spot-on that the media is front-running some bad news (like there could be even more) about Sam Bankman Fried and FTX. I wouldn’t doubt for a moment that the entire idea of cryptocurrency is a Deep State plot to steal money to run their black budget stuff.
BTW, as HSF has noted, the main purpose of legacy media (state affiliated media) is to give us a hint at the next bullshit they’ll be running – whether it’s “your stove is killing you” or “kids have always had heart attacks, silly”.
All the “crypto” currencies and their corresponding wallets were based on a false premise (that was known to be false when all this e-commerce nonsense started. It is all based on the assumption that the product of large primes is “hard” to factor (or mathematical problems isomorphic to that one). Well, hard for Joe Schmo is one thing, hard for the NSA and other governments “three letter” agencies is another.
Since then, numerous mathematical journal papers have appeared (and many censored) showing, e.g. explaining algorithms that can do fast factoring (or “problems isomorphic to that”). In any event, there is no mathematical proof showing the large prime factoring problem is intrinsically hard.
Further, the public/private key encryption methods, are NO HARDER than the product of large primes factoring problem. In the vast majority of cases they are, in fact, much easier. For any public/private key encryption the public is likely to be exposed to one does not actually have to solve for the actual “private key” given a known “public key”. One only has to find ANY “private key” that gives rise to the SAME public key. At that point it doesn’t make any difference, one gains all the access of the “genuine” “private key” holder. For the vast majority of public keys there are a great many “private keys” that will give rise to them, hence the probability of finding one is relatively high and a much easier problem to solve than the factoring one, which is not as “hard” as most people think.
This stuff, back in the late 1970’s and early 1980’s was normally in University Graduate Level Mathematics courses in “Abstract Algebra” and “Number Theory”. It also was frequently covered in Graduate Engineering courses in “Signal Analysis and Communications Systems”.
Digital currencies, wallets, etc. were all a fraud from the get go. Modern cheap powerful computers now allow any mathematically knowledgeable organization or even just a single person to “print” as much of it as they like.
Makes sense to me. If they can work out Pi to the billionth place using computers, it makes sense that encryption could be defeated.
To bring it back full circle. Charles Ponzi’s Office was located in Boston in a building on School Street at the corner of Pi Ally.
Look at how a lot of OTC stocks are getting naked shorted into oblivion. I was somewhat aware of the problem, but still took a small chance on a potential squeeze in a stock with a ticker symbol of MMTLP. Finra stopped it from trading in December and it’s been quite an awakening as to how so many stocks are getting intentionally destroyed.
Gas lighting for the upcoming CBDC moves.
“It will eliminate fraud because we can trust the government to monitor it, unlike those currupt capitalists such as Bankman-Fried or Blackrock.”
Central bank fiat printing has Madoff with more than anyone else.
I can’t remember the exact percentage of Linville Ridge (NC) CC members had to declare bankruptcy due to Madoff but was around 30-35%. LR was developed by the Lutgert (Jewish) family, as they would never be allowed to join either Linville or Grandfather Mtn. CC.
Ah the jews! If we would just look at history and learn from it.
There lies the problem CJ. Nobody learns from this blatant thievery.
Astute!
The unraveling of it all just seems…orchestrated, you know? Gonna watch / listen as I work today.
In psychological warfare revelation of method is part of the process of consent. In legislative and moral law silence = consent. The same people who killed JFK financed documentaries about it in the 1970’s. Everyone knows the CIA was responsible, but nothing was done. The facts are available to anyone that every institution lies and steal from the masses. Yet most of us keep our money in a bank and turn out to vote when we’re told to. Your consent is the most powerful weapon they have to exploit you.
Sounds like Thrivent today.
Be sure to put all your wealth into dollar denominated assets so the ponzi scheme can continue. If you don’t play along now, your nation falls apart like a wet paper bag. As for me, I’m going to spend my entire pile of $s before they evaporate any further. How stupid would it be to put dollars into the bank and withdraw dimes. Your fake money is piss in the wind soon. Buy anything that you can now. Next year, eggs will be $1 each if you can get them. Your pension is a shit sandwich hold the bread.