Princeton University economists and computer scientists have proven through science that financial derivatives are also inherently vulnerable to fraudulent pricing. This confirms what many of us have always thought about the financial junk known as credit default swaps and mortgage-backed securities. Who knows? Maybe Lyndon Larouche is right? With hundreds of trillions of phony money in derivatives, perhaps we should simply dump it. Frankly, I'm more concerned about the one the country's more immediate problems: crime.
In Michigan, funds are drawing low for law enforcement and as a result, more prisoners are being released from prison early. Historically, at least 40% of Michigan parolees commit a crime after they have been released. So what does this mean? Thousands of convicts will hit the streets with little or no job prospects in one of the worse economic environments in American history. That is a receipt for disaster. I hope they don't let the violent ones out.
Princeton Economist, Computer Scientists Show Derivatives Are Inherently Vulnerable to Fraud
http://seekingalpha.com/article/179963-princeton-economist-computer-scientists-show-derivatives-are-inherently-vulnerable-to-fraud
Prosecutors fear cutbacks may spur early prison releases
http://www.freep.com/article/20091227/NEWS06/91227032/1008/NEWS06/Prosecutors-fear-cutbacks-may-spur-early-prison-releases
Are you kidding? The violent criminals will be the FIRST ones released! After the subsequent crime wave, they'll be able to ask for yet more money.
ReplyDeleteHmm, well, I had a professor once (he was a doctor so I'm hoping he has some sort of basis for saying this), that the real fall of the Roman Empire was caused when they released most of their prisoners.
ReplyDeleteI'm not saying that's what's going to happen in the USA, but it could be a factor that helps it along in its fall.
(?)
Note sure what to think of this, but it's food for thought.
My last comment was written awkwardly so I'm reposting the first paragraph:
ReplyDeleteHmm, well, I had a professor once (he was a doctor so I'm hoping he has some sort of basis for saying this) who said that the real fall of the Roman Empire was caused when they released most of their prisoners.
Larouche uses current issues to recruit into his cult and make some money to keep his millionaire lifestyle going.
ReplyDeleteYou can learn about how this cult circus operates on sites like these.
laroucheplanet.info
lyndonlarouchewatch.org
justiceforjeremiah.com
factnet.org under social orgs.
Being 28, you were just born when we were stealing entire life savings of our elderly supporters in a loan scam which was cult version of a ponzi scam.
After he blew hundrreds of milliuons of dolars, Larouche neds a few more suckers to work 18 hours a day, 7 days a week either outside or inside on fundraising. The last 40 years have been one endless economic collapse after another with whatever is in the news to keep the members working non stop for a few bucks a day.