Letter to New SEC Chairman Elisse Walter 11 30 2012
Delink the Government from the Current Financial Industry
Let’s be fair to the original Tea Party! It was incited over usury! And what do we have in our economy
today? The American receives less than
one tenth of one percent interest on his deposited money and pays over 12% on
money loaned to him. That is blatant
usury.
And it begs the question, has a demon class of English spy’s
infiltrated the U.S. Financial Industry?
I have no doubt in my mind that this is true and it has been allowed to
occur under the guise of religion.
So how do we remedy this?
We delink the Government from the Financial Industry. In other words we do not stop regulating them
we just cut off the tap to them! They
will rot like apples on the ground!
Empirical Evidence with regard to their competence:
1.
They have not paid interest on deposits!
2.
They are charging usury interest rates on loans
to Americans!
This is due to negligent trading and
investing that ruined our economy and prosperity! They won’t be able to make that money without
the government tap. And that money made available
to them has not benefitted the American Economy. The money isn’t given to them just to give
them a paycheck. It is ridiculous to
believe that we should keep funding incompetent banks and bankers because jobs
would be lost if we didn’t. Just the opposite
is the dead on truth!
What other financial reforms do we need to
make?
1.
Limit interest charged to consumers on credit
balances to one percent! Okay I can hear
you already the lending environment would explode with loans to them wouldn’t
it? Just like the cheap mortgages! The way you prevent this from happening is to
cap the amount of money in total that can be lent to a person. That means you poll the credit rating agency
to determine the total credit granted via all credit cards and you cannot issue
a card to someone that is maxed out!
What could the limit be? Well
this used to be part of prudent banking- deciding how much of a house a person
could afford or deciding how much money you could safely loan someone. Those determinant lending skills are gone
from the marketplace today! You might
blame it on easy money being made by them!
The logic was not if you should make the loan but if you could make the
loan! And the more amount of money they
lent the greater the banks profits! Any
lending acumen was accounted for in write offs that are deferred to a future
time. But it was the lending acumen that
was deferred and that really means non-existent. It is like hiring someone that does not
really have the skills for the job and then hiring someone to do their work for
them; the first one will never learn.
2.
Limit the total amount of credit to be issued by
all credit cards to be than a measure of cash, securities. Keep the home and car out of it and you avoid
the bankruptcy of those. And consumer
loans can be based on a fraction of mortgage.
I can hear that evil mind thinking already. It wants to create a different type of loan
to a different type of customer in order to subvert this concept. It wants to subjectively reclassify some
consumer loans as business loans; this needs to be stitched up in words that
make it illegal.
3.
Banks may no longer pool mortgages. Pooling of mortgages is really a shifting of
the lending responsibility for them. And
we had to have houses even though our jobs were incorporated overseas.
4.
Stocks can no longer be pooled in for
investments in mutual funds. This
industry is the greatest scam in modern history. But you would have to understand the structure
and personalities that comprise the industry in order to know why they need to
spread out the investment risk over several stocks. They do not have the acumen to make the
investment decisions on an individual stock basis! If each and every one of them had to do that
they would be broke! It takes more than
strong verbal ability to make investment decisions!
A whole game of loaning stock for shorting by the mutual funds is used to
manipulate stock prices and rig the market.
That is the real reason those stocks are pooled in mutual funds. There is also an issue with regard to common
stock inventory and overhead. It means
that if one of the brethren has the stock shorted it will be held down at low
prices. For example if an initial public
offering is oversubscribed it means that there is overhead!
5.
Brokers can no longer charge high commissions. There is strong evidence today and witness
testimony that the largest and most elite investment bankers rob their own
customers. When you rob a customer it
means that you do not have the stated ability to give them value for the money
you charged. It means you did not belong
in that job or business in the first place.
The American is and has always been the one at risk for their own
investment decisions no matter who they use to execute the trades. Hence no commission should exceed ten
dollars. We really don’t need the
customer’s man (broker); but that does not mean we do away with the
person. Many customers’ men would indeed
find great happiness by finding their place in our physical world.
6.
Ban the short sale. What a joke.
Just like our Constitution has been subverted in terms of its
interpretation so that cigarette smoking is in the interest of the general
health and welfare of the American people so to have we been blindfolded with
regard for the need to sell stocks short.
They do not need to sell stocks short.
I outlined a new structure called Reserve Shares that would be held by
the Government. This would help balance
the structure. The idea is to take the
inside element of greed and manipulation out of the prices of stocks. If there are not enough shares outstanding
could the price be like the tulip bulb scandal?
We need an educated public to determine what they will pay that is fair. That stock trader working for the Investment
Broker can go back to live in the Alcoholic producing country; that’s what I
think of you and you know what it means!
7.
Ban the holding of stocks in STREET NAME! What is that really; squirreling away the
nuts! And those nuts don’t belong to
you! I can hear the evil mind already
saying that he will go off grid and manipulate stocks from a bookie type office. There will be stitched up language to make
that illegal! Squirreling of the nuts
and giving the shells out as nuts is the nature of the business. It is either squirrel behavior or primate behavior
but it is not human behavior.
8.
Banks can no longer hold stocks as Electronic
Certificates. That has to be a
government function regulated by simple standard operating procedures! When banks are the ultimate holders of stocks
in certificate form it is the same thing as facilitating a short sale. They become an item that is viewed like a
balance sheet item to the bank even though they would say otherwise in their
defense.
9.
Stock market customers doing business through
one single brokerage firm need to have immediate booking of sales proceeds so
that immediate switching or new buys of stocks can be made. This would allow the issue or margin to go away
entirely. Shares of common stock are the
most readily identifiable and confirmed asset a broker has, there should be no
delay to the investor.
10.
Commodity futures need to go! They stand in the way of our environment and
public health. “If you want to buy my
grain early you buy my grain early laws can be made.” And they are fair to BOTH individual
parties. This would facilitate organic
farming and therefore less mutated babies.
11.
Derivatives Gone! How could they get away with what they
did? If a person working for a large
derivatives firm made billions he or she is indeed guilty of racketeering and
his personal assets can be seized. It is
really your casualty insurance policy type of writer working for an investment
firm and the casualty was the American Taxpayer. They made a casualty out of the American Taxpayer;
and that is indeed every single Social Security numbered American!
12.
I am still on the fence regarding stock
options. I like them. But they may only continue to exist if
schizophrenics are recognized as being victimized by the Satanic!
13.
Casinos are to be taxed at 100% of
proceeds. Why? There are certain people who are very good at
gambling and they won’t let them play!
So you don’t let me in the door you are done altogether!
14.
Stronger mandated sentences for white collar
criminals and all sexually molesters of children whereby the molesting resulted
in physical harm. Put numbers 12 through
14 together here and you see the devil is in the middle of all of this!
15.
Some initial public offerings are sink
holes. So with regard to issuing common
stock to the public there needs to be mandated legal limits on income statement
items like personal pay and discretionary spending. If the company violates those limits they are
liable for the money to shareholders for the rest of their lives. Call that the burlap sack rule. They get to wear burlap sacks rather than
cast us into another Economic Depression!
16.
Too much money has been wasted feeding and
pampering the zombie class of the investment community! If it is a company that has issued stock to
the public this expense can be regulated for the public good, i.e. per
fiduciary duty these expenses cannot exceed a statutory limit per person. I am talking about banquet halls and catered filet
minion for hundreds! Ridiculous waste of
profits that belong to the COMMON PUBLIC.
COMMON STOCK IS FOR THE COMMON PUBLIC NOT THE ZOMBIE CLASS! The Zombie Class was fed in luxury while U.S.
jobs were sent overseas! We are left
with a workforce without jobs or education.
THEY ARE NOT OF INTELLIGENCE AS WE COMMONLY THINK OF IT; THEIR VERBAL
ABILITY IS BASED ON INSULT; AND THEIR INTELLIGENCE ON THAT WHICH IS LOOTED
AFTER INSULT!
The minds of the scheming money changer class need to have a
different focus in life. I would suggest
adult educational programs in skills that are craft, woodworking and mechanical
relations based. For example what if we
created modular parts that such adults could configure or try and conceptualize
into new technologies?
Also what we need to do with this class of people is require
mandatory adult education for them with regard to:
1.
Human health.
2.
Dangers of a polluted environment.
Our recent economy has been financed or held aloft with
defense dollar spending. This equates to
blood money. In other words United States businesses have not made it on their
own and are supported via defense department spending. This only leads to conflict and war! And a lot of that money or our national
deficit was spent in the war in the middle east. Ask yourself this; to procure oil to be
refined into $4 a gallon gasoline? -No,
to book false profits for the oil industry.
And the companies in the oil industry are not even United States
Corporations anymore. Standard Oil is
now owned by the UK and ruined one of the greatest natural resources the United
States had; the gulf of Mexico! The UK
CEO could not be reached for comment while the well was gushing oil out into
the clear blue sea water!
With regard to members of the financial industry not being
able to comprehend new technology; the man who made the most money in the
history of the industry boasts that he doesn’t comprehend new technology. He very well understands how to profit from
lung cancer and diabetes though!
So Johnny Appleseed America is sent overseas to fight a war
for oil. We could have met this demand
for energy with solar energy a long time ago.
But our utility industry is what supports the fixed income market of the
wealth class. And utilities run on
natural gas. So young Americans who
cannot find a place in this world believe in the old mottos of what it means to
be an American and go off to war to support the wealth class. You did not go to war for America this
time! You went to war for something
hideous that hides its identity with false religion!
Ask yourself this, what happens when the oil companies start
buying defense contractors? Because of
Lobby money they don’t have to overtly do so- in defacto they have created the
same effect or influence. And that
negative influence is concentrated in a politician that does not have the
capacity nor concentration to see the big picture!
With regard to competency of the Investment Community the
best analogy is this; you are making a table and send your wife to the hardware
store to buy screws!
When the bankers are the only ones making money and presumed
to be working we are not to transform into socialism; instead the bankers go.
1.
Banks
charge interest at greater than twenty percent to the American.
2.
Banks pay interest at a fraction of one percent
on American deposits.
That is a usury spread!
Can we indeed regulate the interest rate spread on Americans? Now that would truly mean believing in
Americans and America.
You would swear that the banks were owned by foreign
countries. Bingo; many are! Do you remember your revolutionary war? It was started by Americans rebelling against
the British tax on Tea! That is
essentially a form of usury isn’t it? A
19% interest rate spread on the American is also usury.
So what do we do with the bankers? They are miserable already! Bankers are the most miserable professionals;
that is a statistic. Bankers we need to
help you develop a physical sense of yourself and only yourself in this
world. The goal of a physical awareness
of only yourself as a physical self…strike that…It means that you can no longer
possess people!
We have the power to regulate monopolies!
We also have the power to invalidate patents of corporations
upon evidence of criminal activity or revelation.
©
2012 Thomas Paul Murphy
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