THE WIZARDS OF WALL STREET
George Karavelis
Subject: THE WIZARDS OF WALL STREET
To: info@meredithwhitneyllc.com
Date: Wednesday, May 13, 2009, 2:30 PM
Dear Ms. Whitney,
Please accept my sincere and well deserved congratulations for the creation of your own advisory group. As a analyst, writer and researcher myself, I understand the hardships of balancing quality economic reporting with ethically responsible guidance for investors, in a business environment that has lost credibility. I have received many disgruntled and aggressive correspondence from many of my readers, in regard to false or greatly exaggerated economic numbers, that a multitude of the main stream press are reporting. Yes, Ms. Whitney, exaggerated or misleading economic data !!! The co-relation between a unconstitutional Federal Reserve Banking System that has approximately $ 700 Billion in offshore corporate accounts, and a debt structure that can only be classified as " unsustainable" and the lack of transparency it wishes to convey, is a recipe for anarchy. Ms. Whitney, you were quoted by one of the main stream voices, as saying " Their( International Banks) business models are not coming back", the other day. I surmise, if these "criminal financiers" have an outdated, out of touch, unconstitutional, unaudited business model that is too 'big to fail, " why should the American Citizens keep their " worthless" substitute form of money there, any longer. The misguided policy of disinformation or exaggerated and hidden spreadsheet numbers is exactly the reason all credibility has disappeared, somewhere in the Caymans, Isle of Man or Isle of Jersey, I presume. Ms. Whitney, sugarcoating or covering up real numbers like 15 percent unemployment( how many discouraged or demoralized workers have stopped looking for work), 20 percent credit card defaults, 22 percent of all homeowners have negative home equities and 40 percent of U.S households have more debt than income, will only magnify the chaos and decay in traumatic terms. With all due respect the eleventh hour, is upon us, Emerald City( Washington DC) is a cesspool of corruption blackmail, murder and Sorcery. The time has come to pull the curtain, that conceals the true motive of disinformation, manipulative numbers, and the intent of the wizards of Wall Street..
Sincerely,
George Karavelis