Tuesday, February 24, 2009

Legal Thriller Author Unveils Legal Banking Scam

Paulson's Law is Appropriate Here: When Anything is Used to its Full Potential it will Break. The Sub-Prime Credit Card Market is About to Follow the Sub-Prime Housing Market..Breakable...and for this Same Reason

Julius Ceaser capped interest at 12%. Our founding fathers got into the act too. Thomas Jefferson, called banks, "more dangerous than a standing army." Andrew Jackson said it to their faces. He told a delegation of bankers they were a den of vipers and thieves. Throughout history, heads of state have heaped suspicion on the money changers.

Justification? Consider today's credit card market, It's a market consisting of 2 distinct and separate tiers: Prime-Timers, the 30-day interest-free loan Users, and the Sub-Primers, the debt rollover Users who pay only the minimum each month and, by letting credit balances accumulate, slowly string a noose around their own necks. And, yes, our altruistic banking industry would have all of us believe such usurious 18%-35% interest rates are fair to all.

Their constant campaign to promote this state as acceptable logic is laugh provoking. It's like fighting, and losing, a PR battle to Daffy Duck Their strategy? Simple! Get the Haves (the Prime-Timers) allied with them, then bludgeon Congress, with these allies' aid, into every sort of credit card industry protection possible. Then you fire at the Have-Nots (the Sub-Primers), those people who slip through the cracks. Charge them through the roof, up the nose, and out the wazoo. It all comes to big profits for the credit card issuers even though in its wake it creates a whirlpool of sucking debt, with no way to get out other than through inheritance, winning the lottery, bankruptcy, or suicide.

The average American household is now carrying credit card debt of over $10,000. Not enough? Now the credit card lenders are stalking the "fringes" of their Prime -Timer market too, Average late fee has jumped from $10 to $35 in just the past 10 years.

Russian Roulette, anyone? As a Prime-Timer you are urged to take out multiple cards. The more you take out, the more confusing. Some payment cycles are missed. Borderline late payments surface. And, then, voila, you "graduate," earn your entitlement to move into the Sub-Primer classification of borrower.

If you don't pay, they won't send two thugs named Guido and Vito to your house with a baseball bat to break your knee caps. All the same, the modern credit card market is like San Francisco sourdough. It grows and kneads in all directions. How do you protect yourself? Tight-reins restraint, leery caution, and lots of common sense.

This should logically begin with limiting the number of credit cards you carry. Become a grave dancer. Bury the unneeded.

Tuesday, February 10, 2009

Legal Thriller Author Examines 15 Amazing Scam Artists' "Conspiracy Theory" Tricks

--On Squeaky Wheels and Grease! Scam Artists not only Squeak a lot, but Play the Court Jester as They Pick your Pockets.

The best scams are built around conspiracy theories. They afford the ultimate shell game, and read much like a legal thriller novel.


Because these give the scam artist "cover." They fortify him with an automatic defense against his critics. They exonerate him from past failures. And, importantly, they provide an excuse for future delays, give him time to run for cover when everything collapses. In other words, they create the perfect stage setting from which to operate.

The con man closely follows a sacrosanct principle: Lie in good faith. Whichever tool best enables him to distort, exaggerate, disguise, or confuse is one he wants to add to his tool kit, and, by closely following the "conspiracy theory" approach to his cons, he accomplishes this.

Overall, a well-developed conspiracy theory is a great rallying theme. It blends like minds, mutual resolve, shared purpose, goals. It breeds collective paranoia. There is, therefore, a set of basic rules the scam artist follows in producing this highly-desired atmosphere of "communal harmony" to embellish his "pitch. Accomplishing this enables him to fully exploit his scam in all of its ramifications. Hence, these are those rules-of-the-game he follows, rules to watch for, in order to protect yourself to the fullest.

1. Get your sucker-audience to focus on some elaborate conspiracy, one dedicated to stomping on courageous visionaries like yourself--you, the scam artist, being the one who is able to cut through the enemy's monopoly and use his investors' funds wisely to bestow benefits upon them--earn money, save money, attain awards, merits, fame--never before dreamed possible. If the victims fully subscribe to your hogwash, they will earn Brownie points along the way. Good mind game.

(The con man has a different view of people in general than you might: If you feed a man a fish, you will feed him for a day; if you teach a man to fish, he will sit in a boat and drink beer all day.)

2. Now, get your foot in the door. Light a fire under your sucker-audience. Get them, as a group, so excited that they would be ready to go bear hunting with a stick, should you so command. Talk about your valiant battles with some government bureaucracy or private organization. Get them stomping mad and eager to join you in your crusade against "them."

3. Dispensing learned counsel in rapid-fire bursts, talk bravely about your battles with the bad guys trying to steal, or bury, your ideas. Fearlessly claim that you will shred,
obliterate, destroy your records before you will permit the indignity of allowing these to fall into "their" hands. Whip your flock into a frenzy, figuratively ready to chase a tornado in a convertible with the top down.

4. In addition to your "base" enemy, faceless government agencies of many types also make good whipping boys. These must also be made out to be "the enemy" you must bravely fight. Cite examples of their misdeeds. Cite the Law of Bureaucracy they follow: Nothing is ever accomplished by being reasonable.

5. Don't fear investors who defect. There will always be some. Most will feel they've been suckered, and be too embarrassed to make a lot of noise about their misfortunes (of dealing with you). With the few who will protest too loudly, call them agents of the "Big Conspiracy" operating against you.
("Do you see how they infiltrate?" you will ask of your loyal followers.)

6 Bury all attacks against you in a wave of minutia. Create enough distractions to mesmerize these people, put them to sleep over endless, meaningless detail. Tire them to the point where they will do anything to avert further debate, if only to stay awake. (Here you can well adapt another Law of Bureaucracy, this one to your own advantage: No amount of genius will ever circumvent management's preoccupation with detail.)

7. Freely and frequently threaten your detractors with lawsuits. It will make a high percentage of them run for the tall grass, shut their mouths in fear. To many of your suckers this would be equally as shocking as watching the news on TV and unexpectedly seeing their attorney being accompanied from the court house steps in

8. Be the true crusader in every way. Stick closely to the Scam Artist's Parable: To thine own self be true, and lie like hell to everyone else. Say you are not in this for the money. Piously proclaim your altruistic intent: to save humanity.

9. Make your pitch to groups of people who have had faith, trust, and American Way values instilled in them from birth. Many groupings of senior citizens, religious types, family farmers fill this bill. These are your primary targets.

10. Among other preferred groups are those already pre-conditioned to accepting conspiracy theories, like those who believe in the Flat Earth Society, in UFO cover-ups, and in JFK assassination plots.

11. Always get your victims to focus on theory and abstractions. When their minds stray from this, fog their attention, get it away from any kind of evidence which can be measured. (This is especially important when trying to pawn off worthless, hi-tech junk.)

12. Be bold, loud. Make your claims and proclamations to all who will hear. People tend to think something so transparently out in the open could not possibly be a fly-by-night operation.

13. Shoot for only a small, initial amount of up-front money. Maybe $69, say, for a tape, DVD, and / or an information kit of some kind.. This, on the premise that, once the sucker has paid a bit of his required dues,, it's easier to squeeze more out.

14. You must get your investors to forfeit their rights to legal action any way you can. Give them a--"ho hum, just routine"-- document to sign. Pull this out from under a pile of documents, as if it is so insignificant it almost got lost. Or, hide your disclaimer in a nondisclosure agreement, in the smallest of small print you can arrange with your printer to crank out. Object being to make your victim think his eyeballs would bleed if he tried to read it.

15. Enlist a small sub-group of the most gullible to help you recruit more suckers. (If you, as a potential participant, pay heed to the urgings of these discombobulated people, it would be like listening to a rap group which could easily be named, Insane Clown Posse.)

It's all a head shaker. Trying to cut through the haze and figure the con man's' psychological approach is much like being forced into making a choice between having double vision and hearing a constant echo. But, it's worth the effort. Once you do sort it out and finally understand how to zero in on all of these traits and mannerisms, the working pattern of the scam artist will be clearly spelled out for you. It is only then that you will be in the best position to protect yourself from any kind of curve ball he will throw your way.

If you'd like to have more self-esteem, but don't think you deserve it, look at it this way: This is a circumstance under which there is never a better time to procrastinate.