The days of people seeing things go down but saying nothing and not really caring are OVER. Judicial Watch is leading the charge but their success will be contagious. Everyone will eventually get into the act of whistle blowing because, simply, it will begin to pay.
In the past, the herd would boo anyone down who rocked the boat because most people on the boat were happy. But that is no longer true. Most people are unhappy and they see America diminishing and their futures with it. As predicted in these pages well in advance of the fact, the cows will no longer chew their cud and lazily look up at the passing train. They will chase that train down and begin ramming it in numbers.
For example, the very recent attack on GE by Harry Markopolis and the obligatory response by fraudsters at GE. Markopolis says GE is cooking the books with pure fraud and has produced a 170 page report on these activities which were taken right out of GEs public reports. This report is now in the hands of law enforcement.
I recently reported on this fraud accusation but I've known GE was a scam for many years now. Here's a post from 2013 where I clearly explain how they are running a vendor finance scam that would eventually blow up in their faces. Nobody else was saying this. I wrote,"It's not that GE is a bad manufacturing and services company. It's that
they are running a vendor finance scam. They got big by doing work in
return for promises to be paid for it instead of actual payment. GE
used its good name to get credit at low rates which its customers could
never qualify for. It then spent the money on the projects and took on
the associated debt. Those projects would never have happened had its
customers had to qualify for the debt on their own.
Many GE customers will turn out to be not credit worthy and they will
default on GE during the next big recession leaving GE to default on its
bonds. This is how the corporate vendor finance scam works.
It makes the leaders of these companies look like manufacturing and
economic geniuses when in fact it will eventually be discovered that
they are just con men running a con game. They fully expect their
buddies in the US government to continue bail them out via the back
door. Some day government will not be able to do it and GE will have to
stand on its own. Good luck with that. It will collapse IMO."
With the Markopolis accusation on the table, GE will have to do a lot more than just deny wrongdoing. They will have to explain accounting irregularities going back many years. And of course, they cannot do that without lying and right now nobody will listen to it. People now have documented evidence that GE is a fraud company. The shares will collapse soon and then charges will be filed against the current CEO and the recently departed CFO as well as Jeff Imelt, prior CEO. Jack Welch will avoid criminal charges but civil charges and lawsuits will break him because the awards will be very high on purpose to force him to disgorge all those stolen profits. Shareholder won't care that they won't personally receive much if anything. They will have to settle for ruining Welch's retirement by clawing back fraudulently earned compensation. Jack Welch is the Bill Cosby of CEOs. Like Cosby, Welch wagged his finger and lectured others on how dumb they were and thus how smart he was. But he wasn't smart, he was a criminal. Mark my words, the herd is going to have the last laugh on this one. The scum bag elitist will be brought low.
And while the Markopolis report is the big recent news, I must say that Judicial Watch has been kicking it as well. Each time some elitist breaks their own rules such as this case, JW is on them like white on rice. But that's not really the important part. What's important is that whereas the system used to stonewall, cover up, paper over and otherwise obfuscate the crimes of its elite, all of that seems to be falling away. JW seems to win every time now. It's like all of the minions that elite would count on to keep the illegal shit out of the public eye have stopped assisting their Godverment masters. Mammon Money seems to be losing its grip on the herd. You know, just like I said it would many times as a sign that the Global Debt Ponzi had peaked in locked step with globalism and liberalism (just 3 peas in the same pod).
Monday, August 19, 2019
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment