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According to the Collins English Dictionary 10th Edition fraud can be defined as: "deceit, trickery, sharp practice, or breach of confidence, perpetrated for profit or to gain some unfair or dishonest advantage".[1] In the broadest sense, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation. Defrauding people or entities of money or valuables is a common purpose of fraud, but there have also been fraudulent "discoveries", e.g. in science, to gain prestige rather than immediate monetary gain
*As defined in Wikipedia

Thursday, January 6, 2011

Lloyd Zuckerberg and Mark Blankfein, Goldman Sachs and Facebook

Thanks to the folks at Zero Hedge for the lovable pictures! (I'm sorry about the small print.)

williambanzai7's picture

on Zero Hedge





See the article here


Anonymous said...

Shorting Corruption in 2011

Very early on I noticed that what Aldous Huxley and others have called the “power elite” have almost total political and economic control of the system. Remember the quote attributed to Mayer Rothschild over two hundred years ago that perfectly and simply states: “Give me control of a nation's money and I care not who makes the laws.” Combine this quote with Lord Acton’s: “Power tends to corrupt, and absolute power corrupts absolutely. Great men are almost always bad men” and you can start to really put all the pieces together on how money power works and how it has taken the entire world hostage to its selfish ends.

The system has an Achilles heel and it is precious metals. People must become educated on money power, how it works and then use the system against itself. The entire power of the elite resides in fiat money creation. Buy physical gold and silver and take delivery if you want to short corruption in 2011.

Anonymous said...

Seems like facebook is part of this conjured up illusory wealth...

Why the World Is Financially Doomed in Four Charts

The first path leads to default, as the Tyranny of Debt cannot be masked for long, while the second path wipes out the Financial Power Elite which feeds the politicians.

Here are the charts. Note how the speculative economy created the illusion of rising wealth for the bottom 90%, an illusion stripped away by the Default Economy.

In essence, the Financial Power Elites profited immensely from creating this illusory wealth which gave the bottom 90% the false sensation that their declining earnings and purchasing power were being offset by the "magic" of asset bubbles.

Then, when the bubble popped, the Financial Power Elites transferred the impaired assets to the taxpayers, a process which is still underway. The politicos of both parties are complicit; behind the simulacra of toothless "reforms," this process proceeds in myriad ways (Bank of America transferring toxic debt to Fannie/Freddie, etc.) Behind the smokescreen of conjuring a "wealth effect" to foster more consumption, the Fed's purchase of Treasuries (QE2) serves this transfer-of-debt-to-the-public process.

Anonymous said...



Goldman's $1M fine closes door on Conn. ARS obligation

Goldman Sachs & Co. will pay Connecticut more than $1 million to settle charges of unethical practices related to the Wall Street leviathan's auction-rate securities business prior to February 2008.

On Wednesday, the Connecticut Banking Department posted a consent order signed on Dec. 17 between the state and Goldman's managing director, Michael C. Keats. The company admitted no wrongdoing and declined to comment on the order.

Read more:

Anonymous said...

ye US folks. makes me really wonder why YOU seeing this MILLENIAL financial N-TRILLION FRAUD by FED and GOLDMAN BANKSTERS, why you just don't uproot this CANCER KILLING YOU FROM INSIDE? you are being stolen of money, food, jobs, EVERYTHING while shitbrained banksters' puppets on CNCBClike pseudomedia hypnotize you with new American dream. the truth is - U.S. are BANKRUPT. courtesy - GOLDMAN/FED BANKSTERS.

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