The fact Morgan Stanley was the lead banker on the Facebook IPO should have set off alarm bells for investors in the NASDAQ casino. The deal had SUCKER’S BET spray-painted all over it. But like the infamous dot-com bubble and any other number of pump and dump schemes rolled out by the banksters, the Facebook IPO was designed to enrich a small number of insiders like Goldman Sachs and take the clueless horde on the outside to the cleaners.
Even cynical observers are willing to give the trendy stock time to “perform” when it is obvious the Facebook “offering” is simply more toxic waste proffered by people who specialize in multi-billion dollar scams and snake oil tours.
“Maybe I am a grouch,” writes the New Yorker’s John Cassidy. “But it all sounds suspiciously like an inside job, in which the last ones in, the ordinary investors, are the saps. At the very least, this entire issue is something that the authorities – the S.E.C., but also the Nasdaq and other stock exchanges – should be looking at closely.”
The SEC is clueless and was designed to be so. It is blind to financial derivatives and has strict orders to leave the Big Boys alone to do as they please. It took the SEC a full nine years to respond to the stench of Bernie Madoff’s Ponzi scheme. Facebook is not even on its radar screen.
Back in 1988 an unconstitutional presidential executive order irrevocably tied the SEC to the Treasury and its boss, the Federal Reserve. The blinders became even more restrictive for the hand-picked commissioners who twiddle and twaddle as the banksters deconstruct the economy.
MarketWatch wrote the following as the Facebook IPO was unveiled:
The list of insiders — including angel investor Peter Thiel, the venture-capital firm Accel Partners, Goldman Sachs Group Inc. and Tiger Global Management — reads like a who’s who list of savvy tech investors.
In other words, the “savvy tech investors” are banksters and spooks. Matt Greenop wrote back in 2007:
Facebook’s first round of venture capital funding ($500,000) came from former Paypal CEO Peter Thiel. Author of anti-multicultural tome ‘The Diversity Myth’, he is also on the board of radical conservative group VanguardPAC.
The second round of funding into Facebook ($US12.7 million) came from venture capital firm Accel Partners. Its manager James Breyer was formerly chairman of the National Venture Capital Association, and served on the board with Gilman Louie, CEO of In-Q-Tel, a venture capital firm established by the Central Intelligence Agency in 1999. One of the company’s key areas of expertise are in “data mining technologies”.
Breyer also served on the board of R&D firm BBN Technologies, which was one of those companies responsible for the rise of the internet.
Dr Anita Jones joined the firm, which included Gilman Louie. She had also served on the In-Q-Tel’s board, and had been director of Defense Research and Engineering for the US Department of Defense.
Facebook may as well be called Stasibook. It is the most effective surveillance tool the world has ever known. Nearly a billion people love to be not so secretly data-mined, every chat and friend connection tucked into super-computer data reservoirs at the NSA.
Facebook, writes Andrew Wozny, “does what Chairman Mao, Joseph Stalin, or Adolf Hitler could not have dreamt of – it has a half billion people [now almost a billion] willingly doing a form of spy work on all their friends, family, neighbors, etc. – while enthusiastically revealing information on themselves. The huge database on these half a billion members (and non-members who are written about) is too much power for any private entity – but what if it is part of, or is accessed by, the military-industrial-national security-police state complex?”
CNBC and the business side of the establishment media may chatter inanely about what went wrong with the Facebook IPO – nothing went wrong, it was just another sucker’s bet thrown out by the elite – but despite all the hubbub and hubris, Facebook will continue to operate as the finely honed machine that is Stasibook, and the controllers will sell us servitude gussied up as a trendy and glittery technological wonder.