The Story of Russia’s Bernie Madoff
Read the rest of this entry »
These people may use different tricks and techniques, they may speak different languages, but they all have something in common — making money by exploiting peoples trust. The first and the biggest Russian financial pyramid appeared in the early 1990s when Sergey Mavrodi, a good economist and well-educated men, founded the MMM joint-stock company. He promised big profits to his so-called partners millions of common people. Unfortunately, that pyramid scheme had a short life Find out more …
@BernieMadoffCenter – FYI, your comedy act bombed.
Bernie Madoff did do a very valuable public service by showing just how incompetent government financial regulators are and that no investor should ever relax his due diligence assuming that he was covered by the regulators.
Another blatant falsification. There are many foreign primary dealers that do direct business with the nyfed.
The dollar has also declined, the euro is only declining now due to the piigs.
Although, gold and commodities are rising.
LMAO, NY state is the only one with a deficit? Is that what fox news tells you.
No there are 36 states struggling with their deficits, many of them being redneck states.
Rubbish, The Fed is pricing its toxic assets at whatever it feels like regardless of the fundamentals.
Then of course there is the PPT, esf, etc.
The Fed is only creating another bubble, that is destined to pop.
No TARP delayed the panic for another day.
They have paid back their funds due to the Fed’s easy monetary policy and mark-fantasy policy plus the Fed’s purchases of worthless toxic assets.
With mark-fantasy accounting they can price their assets on a whim. Let’s not forget the trillions that the Fed has bought in worthless paper.
Bernie Madoff is a victim of a show trial and a scapegoat of a corrupt system. Like Russia’s Mikhail Khodorkovsky, Mr. Madoff is a champion of human rights and democracy suffering as a political prisoner of the White House. Mr. Madoff’s ordeal is a reminder of the darkest days of McCarthyist oppression of plurality and civil liberties.
All this “media” bull shit is one GIANT psyop social engineering propaganda ‘experiment’ upon us all. Carefully designed & scripted to program & shape our worldview, tell us what to believe, what to think & what to buy. They “report” what crime syndicate oligarchs want us to believe. Keep us bickering, arguing, fighting among ourselves. As the criminals continue to scam, trick & defraud us, nothing changes.
We will NEVER get the truth from the media, they are part of it. The media is the weapon
Looks like Russian media is as bad as US media. This story is such a mind fuck. The guy is obviously not a conman. He told everyone exactly what he was doing. He’s a mathamatician, a total nerd with no interest in personal gain. The investors didn’t get paid because the government confiscated the money. The facts of the story are competely contrary to the incessant characterization of him as a sleazeball. Utter contempt for the viewers and blatant manipulation, just like the US.
Good question!! I know why! All the TV stations in US are run by the “State media”
The Russians dissapointed me here- they should have put a bullet in his head
@LibertaerUeberAlles haha
lol
Actually, I’m always flattered when one of ‘em goes after us like that. It might take some time from them ripping people off to do some PR on youtube. heehee
why american tv has nothing like this ?
C’mon serbfree, get on the Fractional Reserve Banking bandwagon already! It brings joy to shareholders the world over to profit from the interest earned on artificial, printed-up money.
I love how the people that comment RussiaToday videos are experts on everything from economics to politics
IF con man does not teach the law enforcement how to catch, how can the old system and current criminal justice programs catch these new age criminals. Excellent saying, from a repented con-man, and pitiful to the current education system.
Well well, i guess i should have waited to watch the other half after the commercial.
IF talented con man became good, how great will the world be .OR am i wrong ?
@serbfree – “so they can go back into their black boxes and gamble as much as they can without any kind of oversight”
That’s attacking Ron Paul and his “Liberty and the Free Market.”
@serbfree – and those additional bank failures will cost the taxpayer money in higher FDIC costs or something else.
@serbfree – your idiocy is immense.
There’s nothing that an audit of the Fed will come up with that’s not already known out there in the financial press.
The Fed’s balance sheet is published every week and is already audited by Deloitte & Touche.
What the GAO audit will do is increase the number of bank failures by causing runs on banks, needing a lender of last resort loan, by naked short sellers that kill the bank’s stock price and investor panics that pull their capital.
@serbfree – it’s the euro that’s being pummeled.
You clearly don’t read the financial press.
You’re flat out ignorant.
New York state is the one doing the robbing and since Wall Street income is way down the tax receipts to NY state are way down and the state is near bankruptcy.
NY state was getting fat on taxing Wall Street and now the gravy train for the nanny state has collapsed.
@serbfree – you keep making an abject fool of yourself.
TARP was successful.
It stemmed a financial panic.
That was its primary purpose, idiot.
TARP is being wound down.
All the big Wall Street banks have paid their TARP funds back except CItibank which was the sickest bank.
Is it any wonder why the dollar is being pummeled? We are slowly being robbed by Wall Street and the Federal Reserve. Who needs conspiracy theories or back room talks when they are doing it right in front of Americans’ eyes?
The Fed deals with Central Banks only. not foreign banks.
It’s not the Fed’s business what that foreign Central Bank does in its foreign market with those dollars.
It’s the job of that foreign Central Bank to pay back those dollars to the Fed.