Prize

........... Recipient of the 2010 MacDougal Irving Prize for Truth in Market Manipulation ...........

December 25, 2010

With Revelation in Mind

    Revelation is different. There’s no other Book like it in The Holy Bible. Equity compensation’s that way too. We can’t stop thinking of the two together whenever either subject comes up.  

     I, John, was on the isle that is called Patmos for the word of God and the testimony of Jesus Christ.  I was in the Spirit on the Lord‘s day, and heard behind me a great voice, as of a trumpet, saying I am Alpha and Omega, the first and the last.  What thou seest, write in a book, and send it unto the seven churches which are in Asia.

    Short-selling’s been the number one financial swindle since 1609.  After events of the past 30 years, however, this wizened racket is no longer capitalism’s main con.  That notoriety now belongs to the equity compensation rip-off, inappropriately dubbed “stock options“ by the perpetrators, presumably to confuse us all.

    And I turned to see the voice that spake with me, and being turned, saw seven golden candlesticks, and in the midst of them, one like unto the Son of man, clothed with a garment down to the foot, girt with a golden waistcloth.  His head and his hairs were like wool as white as snow, and his eyes were as a flame of fire.  And his feet like unto fine brass, as if they burned in a furnace, and his voice was like the sound of many waters, and his countenance was as the sun shineth in his strength, and clenched between his teeth he held a sharp double-edged sword.

    Washington enabled this mathematical deviltry in 1980, effective January 1, 1981, the day Main Street corporate elites began to skim your shares into their pockets.  The public buys stock with its savings, which has nothing to do with a company’s cash flow.  Nothing whatsoever.  Yet through bribes to Congressmen, CEOs and them were granted the power to draw far more pay through their equity compensation rackets than corporate funds provide, and for thirty years now wise guys have been pilfering a little family savings away from us each and every single year.

    And he had in his right hand seven stars, and when I saw him, I fell at his feet, and he laid his hand upon me, saying, Fear not, I am the first and the last.  The seven candlesticks thou sawest are the seven churches, and the seven stars in my right hand are the angels of the seven churches.

    Look at this as a tax, redistributing middle and upper class net worth upward, creating a brand new societal tier of superrich corporate executives, and you’ll understand why 75% of the nation’s wealth is now held by the top bracket, up from 35% a short time ago.  And why the apex includes the pack of them, middle-tier management and all, for the first time in history, a category of financial overabundance that did not even exist before they started stealing your intangible property on Jan 1, 1981.

    Unto the angel of the church in Ephesus, write:  These things saith he that holdeth the seven stars in his right hand, who walketh in the midst of the seven golden candlesticks.  I know thy works, and thy labor, and thy patience, and how thou canst not bear them which are evil, and thou hast tried them which say they are apostles, and are not, and hast found them liars.  Nevertheless I have somewhat against thee.  Repent, or else I will come unto thee quickly, and will remove thy candlestick out of this place.  He that hath an ear, let him hear what the Spirit saith unto the churches.  To him that overcometh will I give to eat the tree of life, which is in the midst of the paradise of God.

    And why? Your money is now theirs.

    And unto the angel of the church in Smyrna, write:  These things saith the first and the last, which was dead and is alive.  I know thy works and tribulation and poverty (but thou art rich), and I know the blasphemy of them which say they are Jews, and are not, but are the synagogue of Satan.  Behold the devil shall cast some of you into prison, that ye may be tried.  Be thou faithful unto death, and I will give thee a crown of life.  He that hath an ear, let him hear what the Spirit saith unto the churches.  He that overcometh shall not be hurt of the second death.

    Don’t look for any coverage from the media.  To keep the con under wraps, corporate Crime Lords bought those hacks off decades ago.  The public had a first tiny peek when the wife of GE’s former CEO placed his net worth at several hundred million dollars, all snatched from GE shareholders, in court papers filed during their divorce proceedings.  Once that fuss went away, GE TV and the rest never brought the nitty gritty up again.

    And unto the angel in the church in Pergamos, write:  These things saith he who hath the sharp double-edged sword.  I know thy works and where thou dwellest, where Satan also dwelleth, and thou holdest fast my name.  But I have a few things against thee.  Repent, or else I will come unto thee quickly with my sword.  Him that hath an ear, hear what the Spirit saith unto the churches.  To him that overcometh will I give to eat of the hidden manna, and a white stone, and in the stone a name written, which no man knoweth, saving he that receiveth it.

    Staff at The MacDougal Post spent the better part of a quarter century pointing all this out, and got nothing but deaf ears.  The New York Times wrote an editorial stating that people like us were complaining because we “weren’t in on it".

    And unto the angel in the church in Thyatira, write:  These things saith the Son of God, who hath eyes like unto a flame and his feet are like fine brass.  I know thy works, and charity, and service, and faith, and thy patience.  Notwithstanding, I have a few things against thee, and I will give unto every one of you according to your works.  But unto you which have not known the depths of Satan, I say I will put unto you none other burden but that which ye have already.  Hold fast till I come.  And he that overcometh, and keepeth my works unto the end, to him will I give power over nations.  And he shall rule them with a rod of iron; as the vessels of a potter shall they be broken to shivers.  He that hath an ear, let him hear what the Spirit saith unto the churches.

    Oh, we were in on it all right.  We were all in on it.  Only we were in on the part about getting our savings looted by Mob rule under the wing of media complicity.

    And unto the angel in the church in Sardis, write:  These things saith he that hath the seven spirits of God, and the seven stars. I know thy works, and I have not found thy works perfect before God.  Thou hast a few names in Sardis who shall walk with me, for they are worthy.  He that overcometh, the same shall be clothed in white raiment, and I will not blot out his name in the book of life, but I will confess his name before my Father and before his angels.  He that hath an ear, let him hear what the Spirit saith unto the churches.

    Lets take a look at the swindle’s starting trail of tears.  We’ll come back some other day and show how the scheme evolved from here, but step number one will be enough for now.  More than enough, as you‘re about to see.

    And unto the angel of the church in Philadelphia, write:  These things saith he that is holy, he that is true, he that hath the key of David.  I know thy works.  Behold, I have set before thee an open door, and no man can shut it.  Because thou hast kept the word of my patience, I also will keep thee from the hour of temptation.  Behold, I come quickly:  hold that fast which thou hast, that no man take thy crown.  Him that overcometh will I make a pillar in the temple of my God.  He that hath an ear, let him hear what the Spirit saith unto the churches.

    The numbers below show what happened when Crime Lords skimmed off 4% of the public’s shares in an illustrative company every year starting in 1981, slipped them into their wealth management accounts, and hung on to that stock all the way through to 1998.

    And unto the angel of the church of the Laodiceans, write:  These things saith the Amen, the faithful and true witness.  I know thy works, that thou are neither cold nor hot.  So then because thou art lukewarm, because thou sayest, I am rich, and increased with goods, and have need of nothing, and knowest not that thou art wretched, and miserable, and poor, and blind, and naked, behold I stand at the door.  If any man hear my voice and open the door, I will come to him, and will sup with him, and he with me.  To him that overcometh will I grant to sit with me in my throne, even as I also overcame, and am set down with my Father in his throne.  He that hath an ear, let him hear what the Spirit saith unto the churches.

                                 .................. Shares Owned by .................. 
                                                         ....... CEO and Them ...….
            Total Shares          Public         Skimmed           Held at
Year     Outstanding         Investors       Each Year        Year End  
1980   1,000,000,000  1,000,000,000      (none)                (none)
1981   1,040,000,000  1,000,000,000   40,000,000        40,000,000
1982   1,081,600,000  1,000,000,000   41,600,000        81,600,000
1983   1,124,864,000  1,000,000,000   43,264,000      124,864,560
1984   1,169.858.560  1,000,000,000   44,994,560      169,858,560
1985   1,216,652,902  1,000,000,000   46,794,342      216,652,902
1986   1,265,319,018  1,000,000,000   48,666,116      265,319,018
1987   1,315,931,779  1,000,000,000   50,612,761      315,931,779
1988   1,368,569,050  1,000,000,000   52,637,271      368,569,050
1989   1,423,311,812  1,000,000,000   54,742,762      423,311,812
1990   1,480,244,285  1,000,000,000   56,932,472      480,244,285
1991   1,539,454,056  1,000,000,000   59,209,771      539,454,056
1992   1,601,032,219  1,000,000,000   61,578,162      601,032,219
1993   1,665,073,507  1,000,000,000   64,041,289      665,073,507
1994   1,731,676,448  1,000,000,000   66,602,940      731,676,448
1995   1,800,943,506  1,000,000,000   69,267,058      800,943,506
1996   1,872,981,246  1,000,000,000   72,037,740      872,981,246
1997   1,947,900,496  1,000,000,000   74,919,250      947,900,496
1998   2,025,816,515  1,000,000,000   77,916,020   1,025,816,515


    After this I looked, and, behold, a door was opened in Heaven, and the first voice I heard was as if it were a trumpet talking with me:  Come up hither, and I will show you things, and I was in the spirit, and behold, a throne was set in Heaven, and one sat on the throne, and there was a rainbow round about the throne, in sight like unto an emerald.  And round about the throne were four and twenty seats, and upon the seats I saw four and twenty elders sitting, clothed in white raiment, and they had on their heads crowns of gold.

    As you can see, wise guys grabbed all the Dec 31, 1980 shares within 18 years, ending up with the public’s entire starting stock certificates - and then some, if the market price went up.  In effect, what shareholders began with was filched by 1998.  Transferred to bloodsucking thieves slowly over time.  At the end, all the public got left with was the increase in the corporation’s capital generated by company growth.

    And out of the throne proceeded lightnings and thundering and voices and there were seven lamps of fire burning before the throne, which are the seven Spirits of God.  And before the throne there was a sea of glass like unto crystal, and in the midst of the throne, and round about the throne, were four beasts full of eyes before and behind.

    By 1998 CEOs and them here had siphoned off the 1 billion shares their investors held at the end of 1980, and now exercised voting control.

    And the first beast was like a lion, and the second, a calf, and the third had a face as a man, and the fourth beast was like a flying eagle.  And the four beasts had each of them six wings about him, and they were full of eyes within, and they rest not day and night, saying, Holy, Holy, Holy, Lord God Almighty, which was, and is, and is to come.

    Let’s say your own total investments consisted entirely of stocks, and CEO’s and them did the 4% number at every company you owned.

    And when those beasts give glory to Him that sat on the throne, who liveth for ever and ever, the four and twenty elders fall down before Him and worship Him and cast their crowns before the throne, sayng Thou art worthy, O Lord, to receive glory and honour and power for thou hast created all things and for thy pleasure they are and were created.

    They snatched slightly more than half of what should have been your net worth. If you were worth $50 million in 1998, it would have been $100 Million without the equity compensation swindle. And truly would’ve if corporate wise guys hadn’t been paying Washington off with “campaign contributions“ to make the con happen.

    And I saw in the right hand of Him that sat on the throne a book written within and on the backside, sealed with seven seals.  And I saw a strong angel proclaiming with a loud voice, Who is worthy to open the book, and to loose the deals thereof?  And no man in Heaven, nor in earth, neither under the earth, was able to open the book, neither to look thereon.

    $5 million should’ve been $10 million. $1 million, $2 million. $250 thousand, $500 thousand.  Stick your own number in and double it.  That’s what these monsters did to you and your family.

    And I wept much, because no man was found worthy to open and to read the book, neither to look thereon.

    And we’re only up to 1998, and by 2010 their sort has copped three-quarters of the nation‘s wealth.

    And one of the elders saith unto me, Weep not, behold, the Lion of the tribe of Juda, the Root of David, hath prevailed to open the book, and to loose the seven seals thereof.

    Think long and hard on the impact from equity compensation, personal and societal.  Your grandchildren need you on this one.  It’s already too late to help your kids.  This example shows what happens if 4% of the shares are skimmed each year, but the rate differs from company to company and year to year, though they diligently avoid reporting the numbers as your intangible property, the only way the rip-off can be understood.

    And I beheld, and, lo, in the midst of the throne and of the four beasts, and in the midst of the elders, stood a Lamb as it had been slain, having seven horns and seven eyes, which are the Spirits of God sent forth into all the earth.

    Next time we’ll see what happened to the numbers when the bloodsucking thieves saw they had to cover up the audit trail to their theft of intangible proprty as shown above, and decided to do so by making your company buy their “optioned” shares back.

    And he came and took the book out of the right hand of Him that sat upon the throne.