Thursday, April 09, 2009

Patrick Byrne: Overstock.com CEO right on the ball!

Patriot first and Overstock.com CEO second, Patrick Byrne has been forecasting the collapse built on fraud and corruption in the financial system for many years. When was the last time you saw a CEO concerned about his country? When was the last time you saw a CEO of a public corporation get it right when it came to economic forecasts?

Patrick Byrne has been running a site called Deep Capture wherein the regulators have been 'captured' by the people that the regulators are supposed to be regulating. Phew! What a mountful! Furthermore, he talks about all the financial shenigans such as naked shorts, phantom stocks, and going down the rabbit hole deeper and deeper and finding more and more corruption!

Patrick Byrne's 'take it to the bank' forecasts


Folks, you might be buying counterfeit stock shares. The big boys may have flooded the stock market with phantom stocks which you may be buying from your stock broker! Investigations do not happen into the privately owned trading outfit which handles trillions of dollars in trades (96% of all trades) per day. It's all a secret. No one is supposed to find out. There are talks of grandfathering all the fraud. Is the fraud so large? No one knows... All this in his interview back all the way in 2007 with

[Audio .asx] Patrick Byrne discusses the phantom stock market with Jim Puplava 03-31-2007.

Notice the difference between Patrick Byrne and the other guys:
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