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Tomorrow Facebook And Its Investment Bankers Loot The Treasury
Thu, 17 May 2012 09:14:37 GMT
Look, this has once again reached the level of insanity that a criminal banking system is capable of generating. When Facebook IPO rumors starting flying about 18 months ago, I wrote that at the estimated $50 billion offer price, it was valued at 30-40 times what the average stock was valued in 1929. Times. Not percent. Now our criminal friends on Wall Street have successfully pumped the IPO value up to $100 billion. It’s Facebook for God’s sake. It’s not the cure for cancer. The company generates revenues through the massive advertising bubble we have written about over the last six years. Once again, in today’s world companies seldom use public capital markets as they were intended. That is, to raise capital from the public to invest in our nation. Instead, they use capital markets to loot. To steal from society and do so legally. To manipulate public resources for private gain. The...
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