When The Butterflies Come

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When The Butterflies Come Page 10

by Rosemary Ness Bitner


  “I think I’m starting to get it.”

  “The Securities and Exchange Commission auditors are people you need not fear. Their audits give you another opportunity to keep your costs down and screw the public. They’re government people who fly around the country, look at different cities, eat at nice restaurants, stop in and chat about the fund and then sign off on stuff, go to a night club or a strip joint, and go home and collect their paycheck. They are worthless communists. They check on how much of a staff’s time is spent working on the fund itself and how much is spent working on the investment advisory management company and on the underwriting company.

  “Here at UGGA, we do a two-week study every year where everybody works for the fund and nothing else. Then we have the fund’s financial officer certify the number of hours worked on the fund. After the certified time study, everybody catches up on all their work for all the other companies. This way we can charge expenses to the fund for about two to three times what hours are actually worked on it on an annual basis and we get the work done on the other companies for free. I create a report for the communists to sign off on. It tells the fund’s shareholders they are getting communist government approval for the screwing I’m giving them. The bureaucrats that I pay fees and taxes to support make up rules that cost me money to put worthless people on government payrolls that cost me more money. I even the score. I give back to the public the craziness in government they vote for. I have the proper perspective. Everybody who works for the government is a worthless, subsidized leech, pretending to do something worthwhile.

  “Fund commission trades are what people in the trade call ‘soft dollars.’ They are higher-cost commission trades than trades done at a deep discount firm. The government allows the higher trade costs on the sham theory that the fund gets research from the brokerage firms and the higher-cost trades are a legitimate way of paying for the trades. Little research would survive if it were put on a cash basis. Soft dollars gives us a loophole we can drive a truck through. We can use soft dollars as kickbacks to a broker-dealer for fund sales. All the dealer has to do to cover his ass is send you some newspaper clippings or something he picked up out of a magazine so you have something in your files to show the regulators the dealer gave you research, when in reality you paid the dealer for sales. So the fund’s shareholders get to pay some of their money in higher trade costs for you to get more sales so you can have more assets and make bigger management fees. That’s a neat concept, huh?

  “Always make sure that whatever you do, you’re indemnified for it. What I like to do, as a condition of employment here, is make each employee sign as part of their contract with the firm that they indemnify me for anything I do. They don’t know what it means, they don’t have a lawyer, and they want the job, so they sign the indemnification clause. In all my years I’ve only ever had one gal ask me what it meant. I just told her it was standard language and not to worry about it, so she signed it. When I have clauses like that and a regulator starts in on me about fining me or the firm, I just tell them that the employees have indemnified me and if they go any further, I’ll bankrupt some of these women with no husbands and children at home to support and that the regulator will throw them out in the street. That scares the hell out of them because they don’t want bad publicity. Like I said, they just want a paycheck like all good communists. So I promise them not to do whatever it is that’s bothering them, and I actually stop the practice that has them upset, but only until I get a different regulator. Then I just go back to doing what I always do.

  “Remember this if you remember nothing else. Fiat money, by its dishonest nature, makes all transactions in fiat money dishonest transactions. Transactions between governments are dishonest as well as transactions between private parties. The person giving a good or a service knows he’s getting dishonest payment in return. He knows the fiat currency script has a finite value because it’s fast becoming worthless, so what does he do? He cheats on what he’s supposed to give you! The builder builds a shoddy house. Your doctor doesn’t give a shit about you. He checks you to make sure you’ve got a heartbeat, then fills out his insurance forms. Dentists tell hygienists not to clean your teeth too good. They want you to get cavities and have root canals and implants. Vendors of all goods and services only care about their insurance liability for the crap they sell you. Lawyers just want to run hours on you. They don’t care about what’s true or whether you win or lose. They are jaded. They think everyone in society is a scumbag or a criminal, so why should they seek out truth? The days of honorable lawyering are history. They just want to get paid. It doesn’t matter who pays them, so they take bribes. There’s no quality, no pride, no service after the sale, no truth, no goodwill. With America so debauched, what difference does it make at this point in time?

  “The government hogs off the wealth of the nation by printing crap paper and people know it. No one of integrity gets to be president because both parties put up con artists who agree with the banks to continue the fiat lie. People become slothful because they accept that the government will look out for them, even though their standard of living slides into the toilet. Even whores don’t give you your money’s worth. If you want good whores, you need to go to Venezuela or Cuba, remember that. Communism has those places so fucked up their economies have already collapsed and the women there fuck for practically nothing.

  “You can’t believe in anything or anybody. The Bank for International Settlements is behind this whole charade. They’re a bunch of high-stepping rich pricks with headquarters in Basel, Switzerland. That bank is the instrument of the wealthy. No longer do the kings field armies to conquer others. What we have now are just militaries for showboating, not for real fighting where millions are killed. The wealthy are the new kings of power, and they use the fiat system to keep their power by bleeding the world’s peoples through deficit government spending, giving the largess to their cronies.

  “You have morally bankrupt people in positions of government power. Their job is to steal money from the people and give it to their wealthy friends. Banks that should fail stumble onward, crazy schemes and projects get funded while honest ideas starve from lack of funding. These crimes against the people go unpunished, never prosecuted. Prosecutors are paid off not to prosecute. The Justice Department looks the other way until the statute of limitations has passed, and the people are told it’s all too confusing. That’s hogwash, of course. The top people know what’s going on. They know the Fed needs to be audited and put out of business. They do their ridiculous annual swan song at Jackson Hole. It’s madness and it needs to stop. It’s just one of dozens of central banks controlled by the Bank for International Settlements. People are terrified to stand up to this ungodly wealth-stealing enterprise and so it will continue until….”

  “Until the system falls of its own weight?”

  “Yes, unfortunately, until wild animals roam the streets, cats sleep with dogs, and cities burn from people looking for firewood to keep warm. The only way systems change is from the bottom up. There was a poet who once said it all succinctly: ‘Enjoy your pineapple, munch on your grouse, for it will be your last meal, bourgeoisie.’ The guy was Russian with one of those unpronounceable names. I don’t understand why Russians can’t just use names like Tom, Dick, and Harry like normal people do.

  “That poet predicted the boiling up of a popular revolution that reordered society. Russia became a huge mess because they went communist. The Red Russians killed the White Russians and the Russian people lived through a hundred-yearlong mistake. They’re fucked up over there from living under all that snow.

  That can happen here. When the people revolt against the Fed and the bankers it’s likely they’ll turn communist. They are numb from watching Dancing with the Stars and the NFL and so dependent on government they’ve stopped believing in themselves.

  “Remember, money is the most hard won, most fought over, strongest motivational driver in the world for most people. I�
�m not talking about what motivates the religious types or moonstruck lovers here, just ordinary people. People fight to their deaths over money. They sell their children and wives for money when their needs are strong enough. This is usually a lesson best learned by example. You can’t appreciate how important money is until you’ve experienced a really rough patch and you have no money.

  “A day of reckoning will soon dawn upon America. The rest of the world will not take a paper dollar that’s been printed up, or brought into existence by a bank loan, in exchange for their oil, gold, lumber, metals, or labor. That’s going to end just like it did for the Romans. The Romans paid an ounce of gold coin for a thousand bushels of grain. After a time, the Romans clipped a quarter of the coin off, declared it had the same value as the unclipped coin, and demanded the same thousand bushels for it. When conquered peoples resisted, the Romans killed them. It was rule by extortion. The whole scam collapsed, the empire died, and people who worked cheaper took over.

  “The same will happen to America. We don’t invade countries to make them safe for democracy. That’s bullshit. We invade them to make them take the paper dollar for whatever they have that we want, or we kill them, just like the Romans. A day of reckoning will usher in profound changes. Take retired school teachers and other government employees. They live large in today’s economy. They get fat pensions. They spend freely on travel and indulgences because they are confident their unions will keep that pension money coming forever. The rug will be pulled out from under them when the dollar gets rejected. Their underfunded pensions will be reduced or eliminated and the costs of everything will rise sharply for them. Their gravy train will go off the rails. Teachers were once dirt-poor, but they loved to teach kids and help them along in life. But liberal democrat policies and unions made teachers well-off. Now they teach kids communism and attitude. They care about their pensions, not the kids. Kids can’t even read or write in cursive anymore. They can’t think their way through simple math problems. American teachers couldn’t get work in China.”

  “That might be because they don’t speak Chinese,” Bob interjected.

  “Don’t be a smartass. Pay attention. You need to understand the dangers of information and computers and how they can capture all the people of the world. My thought is that the insects, the financial product sales people, have corralled people’s money into financial products. Then one day, the markets’ computer systems will magically glitch and people won’t be able to get their money. That will be an excuse for the government to close the markets and the banks, declare martial law, and eliminate elections. The guy in the White House becomes king and the first thing he does is kill everyone who can think. Then you’ll have a nation of total dummies who watch the NFL and drink heavily. Then the top guy will sell America to the Chinese or the Muslims. Democracy ends. Then, the Chinese will kill the top guy too.”

  “Why?”

  “Because the Chinese killed millions of people during the Mao years and they also killed our navy at Pearl Harbor. I’m just saying, you need to plan for this contingency. Long ago you could count on the Pope to rally his troops to defend America against the Chinese and the Turks. America was started by righteous high quality people like the Pilgrims, the Knights Templar, Ted Kennedy, Marilyn Monroe, General Custer, Alan Greenspan, Al Capone, Davy Crockett and the Pope, but now the world is all mixed up. People can’t think straight like I can. The country has no morality and the Pope has no cojones. He flies around blathering about global warming, while billions of Christians and Jews are getting slaughtered by fanatics. He should be lobbying world leaders to bring back the gold standard, educating people about how honest money breeds better morality; but, not this guy.”

  “David, the Chinese didn’t bomb Pearl Harbor. That was the Japanese.”

  “What difference, at this point in time, does it make? If one of those countries doesn’t try something, the other one will. You need to keep an eye on them.”

  “And, the Pope didn’t start America.”

  “Well, too bad for him. He missed out on a big market. Don’t try to sidetrack me.

  “When most people make money, they can’t contain themselves. They have to show it off with big houses, expensive cars, fancy clothes, exotic trips, and so on. That’s a huge mistake. When you make money, keep it a secret. Never sow seeds of envy in others’ minds, for when society collapses they will come for you and your money. They will pester you for loans they’ll never be able to repay. Then when they can’t get a loan from you, they’ll steal from you or even kill you for your money if they think they can get away with it. That’s how nuts people get over money. Invest what you earn in UGGA, never spend a dime.

  “Once upon a time a kid could work hard, save his money, and buy a baseball glove. He felt good about that. He’d accomplished something. Now everybody buys on credit because they can’t save. There’s no reason to save when the currency buys less next year than it does this year. People borrow to buy right now. They’re in debt and they must pay interest on it. It’s great for the banks. They make slaves out of everybody. If we had a gold and silver real money system, everything would get better. America today is just a big whorehouse where everybody scams everybody else. Fiat money turns everybody into whores. America is a nation of whores. Shame on all of us.

  “Do good things with your money when it will help bring about good things. Help a kid get educated if the kid wants to learn things, but don’t squander your money on kids or people who have crazy idiotic notions or vague ideas that money is the key to success for them. It isn’t. Brains are the key to success. Brains is always more important than money. If someone has no brains but wants to work hard to succeed with some good direction, it’s okay to help them. In any kind of help case, help a little at a time and watch the progress. Encourage, but never lavish money. Money is no substitute for determination and self-accomplishment.

  “When a deal is promoted to you, and you find yourself all excited about it, feel your emotions rising, never commit your money at that time. When you buy a stock, the prospects for the company and the risks it faces should scare the living shit out of you. Then and only then should you begin to commit money. You will always know the outlook for an investment better on the day you sell it than on the day you buy it. It’s like a woman. When you get that first kiss you think it’s going to be wonderful, but after you live with her for months and years, you see her warts, smell her farts, get a better idea of what she’s really like. Stocks are like that too.

  “Here’s something else you should remember. It has to do with crowd psychology and money. When one truth is spoken amongst a thousand lies, as loud as they may be, we as humans now have the choice of lie over truth. Unfortunately, most times lies win over fact because humans are psychologically more comfortable with mass thinking than following the least favorable opinion. Thinking requires hard work and time, plus a rooting out and discernment of the facts. It’s much easier for the human to succumb to the lazy nature of assumption that one thousand people must be right and one person therefore must be wrong.

  “Most people are hardwired to join in with the crowd, for that is the course of action which is most instantly gratifying. In the markets and on market talk shows, this crowd behavior can be the underlying driving force for periods of time, particularly during times of easy credit expansion. It is important to look for investments where the crowd is not looking—nay, where the crowd and the media are giving you constant reinforcing messages that your thinking is terribly wrong. You must, to be successful in the long term, know that what you are seeing and hearing in these crowd-shouting genres is all driven by an underlying sponsored lie. It may be that you are being baited to merely buy a good company but at an extreme valuation, or you may be getting set up to buy that which a big seller has the objective to offload onto the mindless unwary. You are best off to work away from the crowd even though it is unpopular and even sometimes without joy, as the money the crowd throws at these promo
tions can indeed make prices rise for a time, even a long time, but that is not investing in the purest sense. It is a form of joyriding and it tends to end badly for those who go for the ride.

  “When it comes to relieving a society of real money, the bankers employ several tactics you need to understand. The easiest way to get someone to part with something that is extremely valuable is to make them believe it is worthless, which is what these tactics are designed to do. These propaganda tactics are easily recognized, for they have been repeated through the centuries.

  “The first is called demarketing. It’s the opposite of marketing. They are methods which are employed to make gentiles believe their gold and silver assets are worthless. News media, which is controlled by the government, begins a propaganda campaign. They tell the public that diversification no longer includes the metals because the metals aren’t money anymore. This isn’t true of course, because central banks and banks that operate in the commodity markets all seek to own gold and silver. The propaganda tells the public that gold and silver are too volatile to own. This is designed to scare people away from owning value and instead direct them to own overvalued garbage that insiders and large clients wish to unload on the unsuspecting and witless. Unloading is done by sticking the insiders’ selling shares into financial products that get distributed to the public by the insects.

 

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