In defence of Raj Rajaratnam
Posted by Ivo Cerckel on November 1st, 2009
From The Times October 31, 2009
New York agog at Galleon insider dealing allegations
Alexandra Frean: US Business Correspondent
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article6897548.ece
SNIP
The Galleon Group insider trading scandal continues to grip New York two weeks after fraud and conspiracy charges were brought against Raj Rajaratnam, co-founder and one of America’s richest men, and five others.
Prosecutors allege that the defendants generated more than $25 million in illicit gains by exchanging privileged information about quarterly earnings and takeover activities at a number of companies, including Hilton Hotels and Google.
UNSNIP
Ivo replies:
Recent twists include insinuations that Galleon had paid hundreds of millions of dollars to Wall Street banksters in return for non-public company information? If this is fraud, this is fraud by our friends, the Wall Street banksters, who through fractional-reserve banksterism can create money of thin air.
In earlier twists, central banksters used the quantitative-easing printing press to put “money” at the disposal of the banksters to try to redress the problems in which the banksters are landing as a result of their fractional-reserve banksterism. These earlier twists are not yet over and are thus still continuing.
By the way, if banksters can through fractional-reserve banksterism create money out of thin air, how can they ever land into problems? The answer has perhaps something to do with the fact that one cannot forever act contrary to the rules of reality. At the end of the day comes the … day of reckoning.
GOVERNMENTAL FRAUD
The damage which some parties (who were those parties in fact?) may have suffered as a result of the actions of Raj Rajaratnam is damage vis-à-vis invisible-hand trading. But they tell us the invisible hand does not exist. And if it exists, one must not interfere with the invisible hand. “Either, Or”, “tertium non datur”, says the law of the excluded middle.
Have those non-existing parties been defrauded?
Apart from the banksters’ frauds of fractional-reserve banksterism and of putting this non-public company information at the disposal of Raj Rajaratnam, the other fraud is that our Masters and their central banksters have used billions of paper-currency to “save” their financial system. Where did that “money” (so-called) come from? Directly from the central-bank printing press? This is governmental fraud.
If our Masters had not proceeded to quantitative easing, Raj Rajaratnam would have been broke by now. But it’s easier for our Masters to artificially maintain their fraudulent financial system alive and then blame Raj Rajaratnam for the frauds of the Wall Street banksters’ cartel – with the Federal Reserve, the U.S. central bankster, operating from Washington D.C. as Master of the cartel,
Ivo Cerckel
honestmoney@maktoob.com
http://twitter.com/ivocerckel/
No related posts.