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OWS-supporting hedge-fund insider speaks out...helping OWS understand how the markets are rigged.

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posted on Dec, 3 2011 @ 12:48 PM
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Interesting article from a hedge-fund insider who says he is the only one in his company to support OWS. He lays out in concrete terms how the hedge-fund world works, why its a rigged game, and how the "0.1%" suction off cash from the small-time investor. Like a rigged casino, most investors never had a chance.

I think this is important for OWS people and others alike to read. Because too many of the OWS people lack a good understanding of how finance works (even as they protest against it), and very very few members of the general public know how badly the financial system is ripping them off.

If OWS wants to really represent the 99%, they should help educate them on how the scam works. This is a great way to reach "normal" people (i.e., people who are not comfortable with drum-circles and tie-dies). Because if you have a 401-K or a retirement plan...you are getting your pocket picked! And who doesn't care about their own money?

The article is in the form of a statement addressed to OWS protestors.

A Hedge Fund Insider Explains Why Retail Investors Should Flee The Stock Market

I'm writing this in hopes that the OWS movement can have a better understanding of the hedge fund industry and the financial markets. With OWS being the zeitgeist of current politics, I think it's important to know how exactly the hedge funds, along with the financial markets are destroying the 99%....

.... It means the hedge fund industry is making a gigantic proportion of the profits. The top .1% is earning nearly half of the profits in the industry, through not just hedge funds, but other similar vehicles....The finance industry is a complete scam, designed to funnel money from the 99% investing public into the hands of the top .1%. Sure, some of you will make good money, but stastically, the rest of us will lose, and who is feeding off us? Hedge funds, and the .1%. You have better odds going to a casino and playing slots, the worst-paying game in the house, but still better than the stock market.

...In other words, if you aren't in the .1%, you have no access to the derivatives markets, you have no access to the special deals that hedge funds and other wealthy investors get, and you have no access to the resources, information, strategic services, tax exemptions, and capital that the top .1% is getting...tl;dr: The finance industry funnels money from the masses to the ultra rich, through vehicles like hedge funds which dominate all of the financial markets.


He lays out exactly how the process of ripping people off works, focusing on the following areas:

-Small-time investors:

1) get ripped off with exorbitant fees and commissions.

2) pay ridiculous spreads.

3) lack access to the best services.

4) lack information and exposure.

5) do not have the capital to compete with huge hedge funds.

He also states that the government is in bed with the hedge funds, and that taxes are structured to make the scam easier.

edit on 12/3/2011 by Partygirl because: (no reason given)




posted on Dec, 3 2011 @ 01:01 PM
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And to add to this just go to you tube and look for
CREDIT DEFAULT SWAP.

Watch both part one and two for a little insight
on how these financial vampires work.


edit on 3/12/2011 by skuly because: spelling again.



posted on Dec, 3 2011 @ 01:04 PM
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Originally posted by skuly
And to add to this just go to you tube and look for
CREDIT DEFALT SWAP.

Watch both part one and two for a little insight
on how these financial vampires work.



Are these the ones you mean?:





posted on Dec, 3 2011 @ 01:12 PM
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reply to post by Partygirl
 

Nice to have confirmation of things I think a lot of us at least suspected. Personally I think his statements could just as easily apply to the worldwide stock markets in general. Governments, councils, pension funds and charities have seen vast (sometimes 60%+) amounts of their investments just disappear into thin air. I trust that whole system not one bit. I think London ended up selling its stock exchange. To who I can't remember but probably some huge corporation.



posted on Dec, 3 2011 @ 01:22 PM
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reply to post by Partygirl
 


No sorry The two i saw was by khanacdemy.

Really easy to understand even if your mathematics is not
to good.and just shows how these people will use anything
to make money.

The hedge fund pops up in part two.





edit on 3/12/2011 by skuly because: (no reason given)



posted on Dec, 3 2011 @ 01:24 PM
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thank you partygirl,

there are education programes ongoing

at OWS they will suceed if people can get their head around the scale and complexity of the theift.

every day new revelations are coming out on insider trading,
new numbers ripple accross the internet and more and more are understanding.

the unelected officials from the fed decided who won and who lost with trillions of your dollars.

xploder



posted on Dec, 3 2011 @ 01:28 PM
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Originally posted by skuly
reply to post by Partygirl
 


No sorry The two i saw was by khanacdemy.

Really easy to understand even if your mathematics is not
to good.and just shows how these people will use anything
to make money.


OK...maybe these?:





posted on Dec, 3 2011 @ 04:29 PM
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reply to post by Partygirl
 


yes thats the one, thank you

Its also the same way walmart makes money on staff
dying as they take a insurance policy in the same way
a hedge fund will on a company going bankrupt.

Its sick but legal.but when has the law ever had anything
to do with whats right.
edit on 3/12/2011 by skuly because: (no reason given)




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