GoldmanSachs666 Message Board

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

Friday, March 22, 2013

Goldman Sachs Suffers From DES (Satire)

When Mitt Romney accused 47% of the population of not paying federal income tax while demanding their entitlements, it triggered the responses you might expect and some that you might not.  Dan Kervick satirically explores the treatments that make the difference between good Entitlements and bad Entitlements:
The Miracle Product That Cures Degenerative Entitlement Syndrome!
By Dan Kervick - New Economic Perspectives
. . . .

What is this marvelous treatment?  You might have noticed that there is an increasingly massive industry in our country that sells something called “financial products”.  This industry now comprises close to 40% of our economy.  What is a financial product, you ask?  It is the most amazing, miracle invention known to humankind! You can buy one of these financial products and then just wait – go on a vacation, do your nails, play golf – while doing absolutely nothing productive.  And when you come back you find that your financial product has disgorged free money! You don’t even have to water it!

Where does the money come from? Hardly anyone really knows! The person who sold the financial product probably doesn’t know; and certainly the person who bought the financial product doesn’t know.   (A hysterical rumor has been spread that some of these financial products derive their cash flows from the work of some of the moochers themselves; but economists have now proven this manifestly ridiculous theory to be unambiguously false.)  What we do know is that the money is 100% deserved.  And that makes financial products the perfect barrier to fend off the DES virus and the onset of acute moochitis.

But what are financial products made of, you ask? What hidden quintessence produces these glorious emanations of lucre? So far as scientists have been able to discern, financial products are mostly derivative products that come from other financial products!  And the best thing about these money-engendering financial products is that to buy most of them you are required to have a lot of money already. So the more money you have the more money you are able to get. Just buy a financial product, sit back and enjoy the spontaneous money ejaculations!

Read the whole satire here


Post a Comment