One thing for certain, when the Security and Exchange Commission closes its books to the public it is not a strong "Buy" signal from the markets. Yet, that is exactly what happened over the past week:
"So much for transparency.
Under a little-noticed provision of the recently passed financial-reform legislation, the Securities and Exchange Commission
no longer has to comply with virtually all requests for information releases from the public, including those filed under the Freedom of Information Act." (Source)
The Freedom of Information Act requests come from nervous investors, mutual fund managers and institutional investors. These requests normally follow questions investors might have about the annual report all public companies have to file with the SEC. They are designed to keep the system honest, and often result in bad information being released to the public a little too prematurely for the likes of companies that "misstate" the facts about income, assets or liabilities.
The SEC makes no claims as to the accuracy of these annual reports. Now, they are refusing to allow the public and investigative journalists the right to even ask questions about them. This is what a conspiracy to deceive and defraud the public looks like my friends. And this one goes all the way to the top.
"The law, signed last week by President Obama, exempts the SEC from disclosing records or information derived from "surveillance, risk assessments, or other regulatory and oversight activities." Given that the SEC is a regulatory body, the provision covers almost every action by the agency, lawyers say. Congress and federal agencies can request information, but the public cannot."
In other words, "The iceberg did a lot more damage than we suspected and we don't have enough lifeboats". I have been writing repeatedly about the fraud that has cheated the American public out of trillions of dollars. This Fraud includes:
1. The fact that an estimated 1,000 trillion dollars in toxic debt insurance contracts/derivatives are still outstanding.
2. The fact that the trillions in bailout money has been shipped overseas to the holders of these toxic derivatives contracts with no benefit to the American Investor or Taxpayer.
3. The fact that government ownership of these companies through the purchase of common stock in them has added Billions in liabilities to the National Debt with no real benefit to the American public.
4. The fact that companies are repaying their government loans by borrowing more money from the Federal Reserve, which is using our Taxpayer dollars at interest to continue to this scam.
5. The fact that the Bank of England owns the Federal Reserve and the United States is merely a British colony still paying tribute to the Queen and her Bankster minions.
6. The fact that the Rothschilds are the agents of this colonial relationship, the Crown, and the global conspiracy that wishes to deprive all men of their rights and liberties and reduce them to a state of virtual servitude.
7. The fact that all of this can be proven through the documents filed with the SEC, which are no longer accessible to the American Public.
8. The fact that a high probability exists that the fear of being exposed for this historically unprecedented financial fraud is the reason why the SEC's books are now closed.
"The SEC cited the new law Tuesday in a FOIA action brought by FOX Business Network. Steven Mintz, founding partner of law firm Mintz & Gold LLC in New York, lamented what he described as “the backroom deal that was cut between Congress and the SEC to keep the SEC’s failures secret. The only losers here are the American public.” (ibid)
Yet, in-spite of the hand-wringing, don't expect the MSM to file any lawsuits anytime soon, especially those owned by the conspirators. Remember this saying, if you don't remember anything else from this article: "A Fool and his money are soon parted". If entrusting your wealth to those that have shown every desire to steal it does not constitute foolishness, then I am at a loss to describe what does.