Yet another Madoff is going to prison. The Ponzi Brothers have continued to be dismayed at the repercussions of their crimes because, quite frankly, they thought they were being honest even though they lied, hid things and in general, ran their investment house like a crack house. Now, the Feds are stripping them of virtually everything to the astonishment of the criminals involved.
As part of that repayment process, he sold his two-bedroom apartment in the upscale Upper East Side neighborhood for $4.6million…But Madoff and his wife Marion were stunned to learn that with the sale of the apartment, they were also forced to leave most of their expensive possessions inside.
The confiscation of goods is what the Fed does to drug lords and little people dealing drugs. This confiscation of goods and sale of goods to well-heeled people not going to prison happens all over the world. I find the information from the British rag most interesting. The Daily Mail has many more pictures and goodies compared to US media and this time around, they got their paws on the floor plan of the apartment that was sold to a Chicago lawyer for $4.6 million.
What is interesting to me, socially speaking, is the maid’s room off the kitchen. It is tiny. I made the square footage in red in the diagram above to show its size and laid this on the bathroom in the master bedroom and it matched it nearly totally. But the 8 closets are nearly double the room space of the maid! And these closets held a lot of the expensive clothing bought by the Madoffs to show off their social status.
Now, the Madoff females are renting rooms at $3,500 a month. Poor babies. Still in Manhattan and this equals 6 months taxes on my own property. Still, quite expensive rooms, no? They aren’t suffering poverty and even though Bernie’s brother may be living in a room the size his poor maid occupied while in prison, his wife isn’t living in such circumstances. I wish she could be lodged in that tiny room for a while and do some good old fashioned scrubbing kitchen floors on her knees.
Elsewhere on the legal front: Federal Judge Dismisses Silver Manipulation Lawsuit Against JP Morgan | SilverDoctors.com
Interestingly, the judge also writes on Page 19, “JPMorgan declines to challenge that it possessed the ability to influence market prices.” Of course silver market rigging whistleblower Ted Butler long has maintained that Morgan’s disproportionate position in the silver futures market is by itself highly manipulative.
Many of the speculative things happening are legal and were made legal by the rich people playing these games with suckers because it works for them! And the silver hoarders shouldn’t complain so much, they have high prices for their stuff they hold, no? The price of gold and silver and other metals has gone way up ever since the Derivatives Beast was born.
No longer needing capital nor money to invest in speculative games, the trillions and trillions of ‘new’ money created by this monster flooded all commodity markets and has set them on this roller coster ride where prices have shot up over the last 12 to 15 years while paper money created by the Derivatives Beast is turned into hard metals which are assigned various vapid values.
Hint: the true value is no longer part of our economic system, this is all about playing gambling games and anyone with brains knows the House always wins and if it doesn’t it hammers you into the ground and makes life miserable until you give up. The chaos of the floating currencies are causing sloshing about and sudden tsunamis in commodities which is why we see rampant inflation in these areas punctuated by wild drops in value which makes the statistics look less inflationary than it really is.
These sudden lurches up and down are DESTABILIZING everything and the vapid nature of floating fiat currencies that constantly change value vis a vis each other is intensely destructive for ‘price finding’ or so to speak, finding the relative value of any commodity compared to the buying power of any major currency. Honest markets cannot exist without some stable value currency to use as a guide to exchange values. This is what ails the international trade system and is why the US runs constant trade deficits while the dollar is still used to gage the relative value of buying commodities even though the dollar is as stable as a barn on fire with the horses unable to flee.
P.O. BOX 483
BERLIN, NY 12022
Make checks out to ‘Elaine Supkis’
Click on the Pegasus icon on the right sidebar to donate via Paypal.