The Comstock enriched the New York Brokerages--The Mansions of Newport, RI, are their trophies !!!
The nearest metropolitan library has the books, "COMSTOCK MINING & MINERS", by Eliot Lord, and "MY ADVENTURES WITH YOUR
MONEY" by Gerorge Graham Rice, a convicted felon, which give incite to the mining stock frauds of the late 1800's. It is a short step from the Past, for one to relate to the Dot Com Frenzy created by the same Wall Street families, who ripped-off Comstock investors.
The trillions of dollars in losses of capitalizations of the "NEW
ECONOMY STOCKS" did not just happen. The Wall street mutual funds loaned millions of shares that were sold short, by the major brokerages, in order to drive down the "TECH STOCKS."
The vocal moans and crocidile tears shed by the Elite Investors, like Warren Buffet, because the "momentum buying" of Tech Stock was making their Old Economy shares stagnate, was the trigger.
When there are losers, someone else is the winner.
WHERE DID ALL THESE LOSSES GO ???
CAN WE FIND THOSE WHO GAINED ???
The collusion by the Money Elite, in coordinating the short selling of the entire Tech Sector is too obvious to explain away.
Will the SEC investigate this transfer of wealth from small investors to the Elite's Brokerage Houses?? The Elite encouraged the Dot Com IPO Frenzy and then pulled the plug, when they were ready to publicize the outrageous instability they had created.
On the AT&T Wireless IPO, alone, the brokers got three billion dollars in commissions for issuing this "hard-to-sell", initial public offering.
They came out with "AWE" at $29.50, in July, and the stock is now in the $25 range.
Many Dot Com Stocks have dropped from more than a hundred dollars to less than five dollars a share.
There's been nothing like this since the Days of the Comstock.
money-ethics@uwsa.com is a maillist about money and government. To join or leave send e-mail to majordomo@uwsa.com with subscribe money-ethics or unsubscribe money-ethics at the start of the message.
Visit http://www.moneymaker.com/frb/index.htm
Cal-Neva.Com
Home Page
Copyright Notice:
