150 Pounds Gone Forever
Friday, July 13
12 p.m (PT)./2 p.m. (Central)/3 p.m. (ET)
12 p.m (PT)./2 p.m. (Central)/3 p.m. (ET)
A Live & Online Broadcast
For Beyond 50's "Natural Healing" talks, listen to an interview with Diane Carbonell. She'll talk about her journey of losing 150 pounds and maintaining her loss for over 14 years. Carbonell's personal plan involved watching her portion sizes, eating food that had less than 30% of their calories from fat, and regular exercise. As she slimmed down, her emotional health had also improved.
To Hear the Live Broadcast, Click on This: Beyond 50
*Subject to change. To join in the conversation during the live broadcast, call (724) 444-7444. When asked for the Talk Show ID, dial 59781#. And for the last code, press 1#. If you happen to miss any of our past interviews, you can hear them from our listings: archive 1 and archive 2.
Octopus: Sam Israel, The Secret Market
Wall Street's Greatest Con
For Beyond 50's "History" talks, listen to an interview with Guy Lawson. He'll talk about Sam Israel, a real life Wall Street con man. He was the target of a nationwide manhunt. Born into one of America's most illustrious trading families, Israel was determined to strike out on his own. So after apprenticing with one of the greatest hedge fund traders of the 1980’s, Sam founded his own fund and promised his investors guaranteed profits. With the proprietary computer program he’d created, he claimed to be able to predict the future.
After suffering devastating losses and fabricating fake returns, Israel knew it was only a matter of time before his real performance would be discovered, so when a former black-ops intelligence operative told him about a “secret market” run by the Fed, Israel bet his last $150 million on a chance to make billions. Thus began his year-long adventure in “the Upperworld” — a society populated by clandestine bankers, shady European nobility, and spooks issuing cryptic warnings about a mysterious cabal known as the Octopus. Whether the “secret market” was real or a con, Israel was all in — and as the pressures mounted and increasingly sinister violence crept into his life, he struggled to break free of the Octopus' tentacles.
To Hear the Past Recording, Click on This: Episode 283
Trading in the Secret Market
There is a secret government operating within the world's government. They run the secret trading program - the high-yield market. Only a few chosen people participate in the program. The retaurns are staggering. The proceeds are used to fund black operations, wars, to pay off foreign governments. The proceeds are also used for good works in the Third World - to build hospitals, construct water treatment plants, cure diseases. It is the way that order is maintained in the world.
The Treasury bonds of the United States were supposedly created at the Federal Reserve. The bonds were issued at a (deep) discount. The Fed then sold the bonds to their few select banks - priamary dealers, they were called. Goldman Sachs, Deutsche Bank, Nomura, Union Bank of Switzerland, BNP Paribas. The largest financial institutions in the world had access to the pre-market for the Fed's notes. The prime dealers were given a discount to incentivize them to buy the notes. The rates varied, but they usually got a discount of a couple of points. Their returns were basically guaranteed and riskless. The prime dealers were the insiders who got the sweetheart deal.
The big banks then put the bonds on the market priced at 93, 94 percent, and those were bought up by the little dealers - TD Waterhouse, Ameritrade. The bonds were marked up 1 percent or more. That was when John Q. Public got to buy Federal Reserve notes - after the banks had taken their slice of the pie, at no risk.
The reality is that the United States Government is bankrupt. When Nixon took America off the gold standard in 1972, things got real bad. There wasn't enough gold in the Federal Reserve to pay for all the dollars that had been issued by the government. So America just changed the system. That was what created the so-called fiat currency. The American dollar isn't worth the paper it's printed on.
To keep the system solven, the Fed secreatly issued notes at a huge discount - under fifty cents on the dollar. The notes were then traded in the shadow market. The major banks had special departments that die this kind of trading. The margins were huge. The sums were huge. Billions upon billions. But the public wasn't told about the market because if it became known how flimsy the global economic system really is, there would be a huge panic.
If you traded in this (secret) market, you weren't allowed to keep all the profits. If you mannaged to get into the market, you would be able to keep a cut. Maybe 20 percent. Maybe 10 percent. It depended on the structure of the deal. The rest would go to charities approved by the ruling families. The money would be spent curing AIDS in Africa or building water treatment plants in Pakistan.
*The information above is based on the interview by journalist Guy Lawson with jailed Wall Street Trader, Sam Israel III.
*Tune in to Beyond 50 Radio: America's Talk Show for Baby Boomers at www.Beyond50Radio.com and sign up for our free e-newsletter.