[ASI] Hedge Funds Spark World Revolution

August 10th, 2011 at 9:28 am EDT
Cliff Kincaid
America's Survival, Inc.

Dear Friend of America's Survival:

Here I what I wrote on May 10, 2010:

The Marxists used to be the experts in exploiting human suffering for the purposes of sparking revolution. But the hedge funds are doing better than the Marxists.

This article, HEDGE FUNDS SPARK WORLD REVOLUTION, needs to be read again to understand what is happening in the financial markets and around the world. This article will explain things in detail. Please click on the article.

The hedge funds are responsible for 75-90 percent of all trading activities on Wall Street and they are responsible for the extreme market volatility.

Zubi Diamond, author of Wizards of Wall Street, said the most important measures which must be taken to reduce the damage they cause to our system include:

  • Reinstate and restore the short sale price test regulation known as the uptick rule (to its original condition and not modified).
  • End mark to market accounting and replace it with book value, historic cost accounting.
  • Reinstate the circuit breakers and the trading curbs to kick in whenever the Dow Jones industrial average drops 150 points to reduce market volatility and massive panic sell-off in order to allow investors time to think before they act.

What is needed is for Congress and the President to act on these recommendations. It is that simple.

If action is not taken, here is the future, as I wrote in May of last year:

So after the hedge funds make money off the collapse of Greece, Britain, and perhaps other national economies in Europe, the U.S. will be ripe for the picking. That means more turmoil, perhaps riots in the streets, and more government control over the people and their lives.

For America's Survival,

Cliff Kincaid, President

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