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More on Scam Thread

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Michael Soldan

03-09-2004 08:12:47

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Having read the thread entitled"I think I found a scam on this site, help" I believe the discussion was leading to a greater and more important issue. It is one of being wary of anything that sounds too good. Tiny tots are read the story of Little Red Riding Hood..to learn about the wolves in society that would take advantage of us..corporations, banks and investment firms. Yet , we haven't got it quite yet. When those we trust at the heads of these corporations spend their time building their own portfolios into the millions, sitting on various boards for stipends in the hundreds of thousands, bleeding companies, cooking the books until firms go under and walking away with millions in portfolios, it is little wonder that those of us who have to scrimp to save $50 out of each paycheck are the ones who ultimately lose out when our retirement plans, our meagre savings are left in the hands of these so called professional investors. I believe Martha Stewart is more sinned against than sinning yet I rejoice in her guilt because her guilt represents what corporate America has become...A FIX, where those with the ins can build their portfolios at the expense of every hard working citizen. I was reading a financial section last week and read that the president of The Bank of Nova Scotia, one of Canada's leading institutions is paid $6 000,000 a year, while they pay a wopping 2 1/4% to investors..how much time does this guy spend in his working day trying to make things better for investors and how much time does he spend in a day tending to his personal portfolio worth in the millions as well...what do you think?..scams, we need to be wary everywhere we go, what doesn't sound right should come to light whether its a tractor, an RSP or your grandmothers savings account. ....Mike in Exeter Ontario

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Alvin NE WI

03-09-2004 19:10:09

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Re: More on Scam Thread in reply to Michael Soldan, 03-09-2004 08:12:47

Very interesting stories. i also believe on the fact there ARE WPD in Iraq now. We didn't find them yet Old Saddam had several years to bury and hide things. Any body that seen anything happen was more than likely shot between the eyes. Did anyone here about the 2 dozen Mig-25 Foxbat jets found buried under 10 feet of sand covered up, with fairly new sopistedated equipment which saddam was not allowed to have. That was found by our Air Force people from a tip. They are capable of flying 2000MPH at 75000 feet.I didn't hear of it from the network news or from any policitial wigs running around the country now when they were elected to serve in a senate office or from the anti-was protesters.They would not admit to it for sure., somebody sent me picture of digging them out with a back hoe.
Alvin

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riverbend

03-09-2004 17:34:40

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Re: More on Scam Thread in reply to Michael Soldan, 03-09-2004 08:12:47

Whew! When you guys go off topic, there is no fooling around.

I for one, am glad that Saddam H. did not have, or use any nukes or chemical weapons. There could mave been a lot more causalties. The best of luck to anyone who has to go to Iraq.

What do you think about the idea that corporations are not compatible with democracy?

Besides Mike's comments, only millionaires can get elected to our Congress. Mostly, I would bet that they did not do anything fundamentally productive to get this money. I am not sure that they have the faintest idea what it is like to live in this country. New laws seem to be hand outs to companies, and we get tossed a bone. In politics ( the democractic stuff) money equals speach. So those with lots of money talk real loud.

To take an easy example ( there are plenty, from the petty to the S&L bailout) The execs at Enron ripped of thousands of people in CA. Then even when they knew that their stock was tanking, they told their employees to keep buying it, which caused the workers a lot of trouble. How come those rich guys aren't in jail ? A lot of the things that they did were legal! Something is not right.

Systems work like they are designed to - who actually gets to do the designing ? Everybody or just a few ?

Here, the legislature is trying to take away township control of CAFO siting. These are not places where some guy wants to make a living with a few hundred cows. Isn't it something like 5 companies already own/contract 75% of the hogs in the whole country ? Who do these laws benifit ? The small dairy of hog producer ? Their neighbors ? I'm thinking not. Everybody or the few ?

I just came across a new shortwave station WBZQ 7415. They have something to offend everyone.

What's an RSP ?

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Hugh MacKay

03-09-2004 21:22:13

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Re: Re: More on Scam Thread in reply to Paul in Mich, 03-09-2004 13:27:02

Paul: In my lifetime, not in recent years, but I have made as high as 50% per year return on my investment. It was not done through mutual funds or any magic money manager. The corperate elite of this world are just playing games with middle income investors. While I said last evening that I would much sooner take my chances with corperate America than than Government. Corperate America have their own bureaucracy which is only marginally more efficient than Government. Couple that with the fact the Corperate Elite have all our elected Government people in their back pocket and you have a rescipe for disaster.

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Bill B

03-09-2004 14:12:51

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Re: Re: More on Scam Thread in reply to Paul in Mich, 03-09-2004 13:27:02

Well said. I think it was Thomas Jefferson who said "The government can give nothing to the citizens, save that which it has already taken from them."

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Bill B

03-09-2004 08:26:02

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Re: More on Scam Thread in reply to Michael Soldan, 03-09-2004 08:12:47

I usually like what you say, mike, and you have not dissapointed me this time either. The enron thieves are still free, our governor in CT is being investigated for impeachment for accepting bribes, The president promised us he knew sadam had weapons of mass destruction, and the list goes on and on. Lies, liers, theives, con men, flim-flams, and so on. PT Barnum said there was a sucker born every minute. (I always thought he was looking in the hog pen at the sow when he said that, but probably not)

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Jared in Vt

03-09-2004 12:40:41

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Re: Re: More on Scam Thread in reply to Bill B, 03-09-2004 08:26:02

Hey Bill, Invest only what you can afford to lose. Mike is right, it's whacky beyond belief. Please heed Dave H, though and don't drag our (U.S.) adminstration and WMD into this thread. I appreciate your frustration, but imagine the frustration of digging through the grimy desert looking for this nasty stuff. Not only that, but finding it can kill you! The deception was on the side of the Iraq Baath party. Easy now for guys like Hans Blix and the nattering naybobs and even David Kay to loudly proclaim; "aint' nothing there!", after they made a living for 12 years looking for it in all the wrong places. If you were in our presidents moccasins as Dave suggests, the question you had/have to answer was/is; "what if they use this WMD stuff in Times Square on a Friday night, then what will I say?" Like it or not, the question is still hanging out there. You can hide enough Sarin in your belly button to kill or maim many people. And again, like it or not, there are many who are sworn to do just that. So save your scorn for the scoundrels who steal and pray for a soldier tonight. Thanks, Jared

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NDS

03-09-2004 14:53:04

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Re: Re: Re: More on Scam Thread in reply to Jared in Vt, 03-09-2004 12:40:41

I believe the point was that before the war the Bush administration said they not only knew they had WMD but how much they had and where it could be found. Not saying they were liying but they were mistaken. To say that they could dispose of the amounts they were said to possess overnight without leaving any contamination stretches credibility. The US has been trying for years to dispose of our WMD stored in Anniston Al without polluting entire countryside.

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Jared in VT

03-09-2004 16:43:14

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Re: Re: Re: Re: More on Scam Thread in reply to NDS, 03-09-2004 14:53:04

Mr. NDS, Thank you for your clarifacation, but I understood. I've been to the chemical weapons incinerators in both Anniston and Pine Bluff. They are monuments to political and environmental correctness. Thankfully it's not my job to wear full protective gear and shove 122mm rockets into these giant ovens. I'm equaly thankfull that it was not my job over the past 12 years to hide more dangerous chemical weapons of all discriptions in the Iraq desert. Saddam and his pals did not wake up at this time last year and suddenly realize they had to hide their WMD toys. They'd been working at it for a while and evidently gotten pretty good at it. We started tracking this nasty dude long before 1988 when he killed over 5000 Kurds in one day. How wrong (or mistaken) we were to the status of his various weapons programs remains to be seen. We need patience and perserverance. Paul, Thank you for your keen insight and the service of your grandson. It makes a man humble. My best to all, Jared

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NDS

03-09-2004 18:26:20

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Re: Re: Re: Re: Re: More on Scam Thread in reply to Jared in VT, 03-09-2004 16:43:14

If Saddam had been hiding weapons in desert for years there would have to be many people that know where at least some of them are. With Saddam in captivity they have nothing to fear from him so with right kind of reward (that surely has been offered) someone would talk.

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Dave H (MI)

03-09-2004 14:26:56

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Re: Re: Re: Re: More on Scam Thread in reply to Paul in Mich, 03-09-2004 14:05:18

That was VERY well said. Best wishes to your grandson and keep us posted.

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scotty

03-09-2004 11:36:32

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Re: Re: More on Scam Thread in reply to Bill B, 03-09-2004 08:26:02

Gee Bill, I didnt think our govenor was that bad, all he did was use state contractors to work on his little lake villa !!! Im sure it was all legit! Yeah right!

scotty

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Bill B

03-09-2004 14:09:07

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Re: Re: Re: More on Scam Thread in reply to scotty, 03-09-2004 11:36:32

Well, you see what is being done about it, next to nothing. Sorta says it is ok to steal from the state till, dont it?

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Dave H (MI)

03-09-2004 08:48:36

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Re: Re: More on Scam Thread in reply to Bill B, 03-09-2004 08:26:02

Hey Bill, please don't think I am attacking you AND this is way OT..but you brought it up. It's about this WOMD issue. We know he had them, because he used them against the Kurds...killing untold numbers of innocents. Women and girls were being dragged from their homes/husbands/parents by his sons and then raped and left with a bullit in the brain. UN aid was being embezzled and people were suffering. Murder and torture were the special of the day. He was also in violation of pretty much every agreement we and the rest of the world made with him. Let's say for a minute that you were in the White House. What would you have done with Saddam?

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Bill B

03-09-2004 14:07:44

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Re: Re: Re: More on Scam Thread in reply to Dave H (MI), 03-09-2004 08:48:36

I guess I would have done the same thing that the prez is doing about Korea, which has weapons, and is capable of sending them right here to us. But then Korea does not have oil, does it.

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Dave H (MI)

03-09-2004 14:21:03

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Re: Re: Re: Re: More on Scam Thread in reply to Bill B, 03-09-2004 14:07:44

:-) No it doesn't, as far as I know. I'm not sure Korea has the ability to drop one here. If anyone knows, I would be interested. Neither did Saddam. Point is, can you just ignore a country with terrorist ties having these things after 9-11? And what about all the other atrocities? Would you just turn away?

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Van in AR

03-09-2004 08:18:45

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Re: More on Scam Thread in reply to Michael Soldan, 03-09-2004 08:12:47

Very well said Michael!

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