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Madoff: 'Whole government is a Ponzi scheme'

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posted on Feb, 28 2011 @ 12:49 PM
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Madoff: 'Whole government is a Ponzi scheme'


www.msnbc.msn.com

NEW YORK — Wall Street swindler Bernard Madoff said in a magazine interview published Sunday that new regulatory reform enacted after the recent national financial crisis is laughable and that the federal government is a Ponzi scheme.

"The whole new regulatory reform is a joke," Madoff said during a telephone interview with New York magazine in which he discussed his disdain for the financial industry and for its regulators.
(visit the link for the full news article)


Related News Links:
www.rawstory.com
news.yahoo.com
www.myfoxny.com
www.nbcnewyork.com




posted on Feb, 28 2011 @ 12:49 PM
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When it comes to people on the inside of the elite calling out other elitists – it would suggest that either they are getting desperate, or amping up the public for some other agenda.

Read into what he says, and what the news states:


A Ponzi, or pyramid, scheme is a scam in which people are persuaded to invest through promises of unusually high returns, with early investors paid their returns out of money put in by later investors.


Is he stating that this is what the Illuminati are? Yes, wild speculation – and many conspiracy theorists have always summarized that government and big corporations are the elitists behind the 'all seeing eye.” But for one of their insiders to come clean about it – even pointing out how it works just leaves my jaw on the ground... I am sure it has to do with the death of his son and the break up of his family.

www.msnbc.msn.com
(visit the link for the full news article)



posted on Feb, 28 2011 @ 12:51 PM
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Well thanks Bernie for the *inside information*


I think everyone who is awake already knew this.....

I guess it's nice to KNOW FOR A FACT your right.

Just think about this good old Bernie didn't get that rich
and not know what is going on..

He knew how to play the system..

I think he's scum, but he is not dumb..
edit on 28-2-2011 by hillynilly because: (no reason given)



posted on Feb, 28 2011 @ 12:54 PM
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reply to post by hillynilly
 


I mean, this just confirms what every conspiriacy theorist has thought for decades right???





posted on Feb, 28 2011 @ 01:04 PM
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reply to post by kroms33
 


Of course!!! It' has been said for years the FEDERAL RESERVE
is the biggest ponzi ever invented!!!

Ron Paul has been saying that for decades now...

I'm glad this is getting some mainstream attention..

Maybe more people will realize
what is going on with these money hungry,
power grabbing, NWO douche bag bankers...

They hold no allegiance to any flag they are out to rape EVERYONE!
They want a global socialist/communist system which they are on top of...



posted on Feb, 28 2011 @ 01:22 PM
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reply to post by hillynilly
 


My GOD!
Think about the implications

You might be on completely the other end of the political spectrum from me (I don't adhere to a political spectrum) - but yet it is as plain as day.



They hold no allegiance to any flag they are out to rape EVERYONE!
They want a global socialist/communist system which they are on top of...




And yeah - RP needs to be elected - why? Because he is totally against the establishment that enslaves us.

Peace.



posted on Feb, 28 2011 @ 01:41 PM
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I wonder how long it will be till poor Bernie gets tapped out by bubba..

Usually an unfortunate accident happens to people that speak openly on this matter...



posted on Feb, 28 2011 @ 01:44 PM
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Not exactly breaking, but interesting words to come out of his mouth.

The Federal Reserve scheme is backed by too many people, it would take everyone pulling their money out of the bank to collapse that fraudulent game.



posted on Feb, 28 2011 @ 01:50 PM
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Originally posted by hillynilly
reply to post by kroms33
 


Of course!!! It' has been said for years the FEDERAL RESERVE
is the biggest ponzi ever invented!!!

Ron Paul has been saying that for decades now...

I'm glad this is getting some mainstream attention..

Maybe more people will realize
what is going on with these money hungry,
power grabbing, NWO douche bag bankers...

They hold no allegiance to any flag they are out to rape EVERYONE!
They want a global socialist/communist system which they are on top of...


No - their system will be / already is much more corporatist and fascist than socialist, althought if the power grabbing NWO douche bag bankers ever achieve total dominance, then labels such as fascist and communist will be, as I already perceive them to be, totally redundant.

The future is about control vs freedom, open systems vs closed systems, collaboration vs coercion.

Fight the power



posted on Feb, 28 2011 @ 01:54 PM
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Madoffs going to get spiked in prison. No way can someone with his knowledge of insider corruption be allowed to speak.



posted on Feb, 28 2011 @ 01:55 PM
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reply to post by cluckerspud
 


Well, then perhaps that is what needs to be done. I hope humanity eventually wakes up from this nightmare and realizes what we have gotten ourselves into.

Thanks for the reply.



posted on Feb, 28 2011 @ 01:58 PM
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reply to post by Agit8dChop
 


True, but at least it is now out there for everyone to comprehend.

The sleeping people have just been slapped in a big way. Yeah, the guy is a criminal - but I think that because his family is destroyed, he has nothing else to lose. They took everything away from him.



posted on Feb, 28 2011 @ 02:10 PM
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I love the fact that at least he's saying it!

I swear I think the Elite are all ATS members...

www.abovetopsecret.com...



posted on Feb, 28 2011 @ 02:13 PM
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Madoff is right about that



He said Wall Street deserved a large share of guilt in bringing about the financial crisis, and that some bankers deserved to be indicted for crimes.


The problem is they will never be indicted for crimes.
They are protected from the inside.

Last night I watch the documentary Inside Job it open my eyes on how corrupted the government is and how it is rotten from the inside.

Here is a list of key positions in the government and their actors.


It is still a Wall Street government today


Timothy Geithner the USA Treasury Secretary, was the president of the New York Federal Reserve during the financial crisis and was a key player in the decision to pay Goldman Sachs 100 cents on the dollar for its bets against mortgages.

Mark Patterson, USA Treasury Secretary Chief of Staff, former lobbyist for Goldman Sachs.

Lewis Sachs, USA Treasury Secretary Senior Advisor who oversaw Tricadia, a company heavily involve in betting against the mortgage securities it was selling.

Gary Gensler, former Goldman Sachs executive who helped ban regulation on derivatives, was picked by Obama as Head of Commodity Futures Trading Commission,

Mary Schapiro, former CEO of FINRA, the investment banking industries self regulation body during the financial collapse, she is head of Securities and Exchange Commission,

William M. Daley, is the new White House Chief of Staff, formerly the Midwest Chairman of JP Morgan Chase.

The new President of the New York Federal Reserve is William C. Dudley, Former chief economist at Goldman Sachs, who wrote a paper praising derivatives.


Dear Americans you are in good hands!


When you see a politician that is very friendly with the economic sectors somethings fishy.











edit on 28-2-2011 by St-Patrick because: (no reason given)



posted on Feb, 28 2011 @ 02:25 PM
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reply to post by hillynilly
 


The elite know we are waking up. All they are doing is pushing for a revolt to justify a harsh leninist marxism regime in the US.



posted on Feb, 28 2011 @ 02:31 PM
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As the punisher would say...why are the innocent dead and the guilty alive..where is punishment*
that line always goes through my head when i read how corrupt our governemnt is. thats how its supposed to be! government isnt holding up to thier end of the law and constitution, most of us taxpayers are. we need change!!! deomocracy and abolish capitalism.



posted on Feb, 28 2011 @ 02:34 PM
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Remember in 2000 and on, Bush jr. would praise capitalism as how things should be?
remember? now we know why he did that. he knew the american public was done and wouldnt revbolt back, theyde just fold and cave in and do as thier told, knowing most of us ( no pun intended) are or have gotten lazy and dumb. this is what bush was so eager to usher in on us all and the world..a government takeover..bring in the bitg bank CEO's and financial experts so him (bush) and anyone in his club be it a person or buisness akak corporation would get rich and step on the average taxpayer at the ame time simutaneously.
we need change obama aint doing nothing so typical of our puppet presidents these days.



posted on Feb, 28 2011 @ 02:50 PM
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reply to post by kroms33
 


RP won't change anything. Working within a corrupt system will only maintain the system. If elected to lead, RP will betray you just as quickly as Obama has betrayed his constituency.

The system must change; changing figureheads gets us nowhere.

This is a class war...always has been, and our class is losing. They have the biggest guns and the loudest voices; we can't out shout them or out shoot them, all we can do is not give them our blessing. If no one voted, they would no longer be able to pretend they have a mandate. Without the "Consent of the Governed" they have nothing.



posted on Feb, 28 2011 @ 03:10 PM
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reply to post by Yankee451
 




RP won't change anything. Working within a corrupt system will only maintain the system. If elected to lead, RP will betray you just as quickly as Obama has betrayed his constituency.

The system must change; changing figureheads gets us nowhere.

This is a class war...always has been, and our class is losing. They have the biggest guns and the loudest voices; we can't out shout them or out shoot them, all we can do is not give them our blessing. If no one voted, they would no longer be able to pretend they have a mandate. Without the "Consent of the Governed" they have nothing.



SHHHHHH!!!!! Don't tell anyone that...

I know that, you know that - but others still hopeful in their systems that they depend upon still see a last act of hope for the USA. What the USA needs to do is elect RP in a last act of protest, and witness exactly how much "Change" there would be. If you read the thread in my signature, you would know exactly how I felt and believed that the only way out of this mess is for the majority of humanity to wake up and contribute to itself rather then a broken corrupt elite hell bent on pushing us further down until we are completely subservient.



posted on Feb, 28 2011 @ 03:28 PM
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Lol everyone thinks the Elite all play on the same team... Anyone who has ever witnessed a Hostile Takeover will know otherwise...

Many of them are mortal enemies to the other...



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