The Golden Age of Fraud is Upon Us
Posted April 27, 2021 by Ben Carlson
A 30-something low-level actor created a business plan that would buy the rights to cheap movies and turn around and sell those rights to HBO for audiences in Latin America. The investors backing the project were promised returns of 15% in just 6 months. No bad in an era of 0.25% savings account yields. Investors forked over more than $690 million to bankroll the rights to these films.
So what’s the catch?
The movie contracts with HBO were fakes, the business plan was a hoax and the entire ordeal was a Ponzi scheme where new money paid off previous investors. The money was used to provide a lavish lifestyle for the architect of the fraud, Zachary Horowitz.1 One investor claimed to have “99% of his and his family’s money” invested in Horowitz’s scheme.
Thodex is a cryptocurrency trading platform in Turkey. Last week it was reported the 27-year-old founder of the exchange took a flight to Albania. He took with him $2 billion from more than 30k clients. Last month the company brought in hoards of new clients by offering free dogecoin to anyone that signed up.
Whoops.
I don’t know if this SCAMcoin actually happened or if it’s just a social media thing but it wouldn’t surprise me if it’s real:
https://twitter.com/i/status/1385365742506364929
If Charles Ponzi were alive today, I have no doubt that he would be able to raise capital from investors, probably in the form of a SPAC. Many investors would laud him for being a genius as he bilked investors out of millions of dollars.
When I was researching the history of financial scams for Don’t Fall For It the one thing that jumped out above all else is how similar financial frauds are across time and place. They typically involve new technologies, people with extraordinary sales skills and the insatiable human desire for get-rich quick schemes.
Despite the fact that people have been getting duped by hucksters and charlatans for centuries, there was one period that kept coming up over and over again in my research — the 1920s.
It was the golden age of financial fraud.
The Roaring 20s had everything a con-artist looking to dupe people out of their money could ask for — innovation, new financial products, a booming economy, rising markets, new and exciting technologies, loose lending standards, new communication tools and people getting rich all over the place.
To continue reading, please go to the original article here:
https://awealthofcommonsense.com/2021/04/the-golden-age-of-fraud-is-upon-us/
Stern Drew: Warren Buffet Warns that the US Dollar is on the Brink of Collapse
11-3-2026
WARREN BUFFET WARNS THAT THE US DOLLAR IS ON THE BRINK OF TOTAL COLLAPSE
He’s sitting on a record $380 BILLION IN CASH, not investing a single dollar because he says the stock market has turned into a CHURCH WITH A CASINO ATTACHED and he no longer understands what’s happening.
“I understand fewer of the businesses as a percentage of the whole than I did 10 years ago.”
Oil Rebounds After Reported US Strike On Qeshm
2026-11-03 Shafaq News Oil prices edged up on Tuesday after a report that the United States had struck Iran's Qeshm Island, raising concerns about an escalation of the eight-month conflict and prolonged disruptions to Middle East oil supplies.
US West Texas Intermediate crude was up 20 cents, or 0.21%, at $96.66 a barrel while Brent crude futures rose 3 cents, or 0.03%, to $104.8 a barrel by 0355 GMT.
Good Afternoon Dinar Recaps,
GLOBAL TECHNOLOGY RESET WATCH: CHINA WARNS AI INVESTMENT BOOM IS BECOMING TOO CONCENTRATED
China’s financial regulator warns that the rapid flow of capital into artificial intelligence could increase financial risks while making it harder for traditional industries to obtain the funding they need to grow.
TNT:
Tishwash: International Trade Centre: Iraq is qualified to become a regional hub for trade and investment.
The Executive Director of the International Trade Centre, Pamela Cooke Hamilton, confirmed that the Iraqi government is committed to accelerating the procedures for joining the World Trade Organization, expressing her hope that the membership requirements will be completed by 2028. While revealing a proposal to prepare a national strategy for trade and investment, she stressed that Iraq is qualified to become a regional center for trade and investment.
Hamilton said during her appearance on the “Economic Dinar” program on Al-Iraqiya News Channel, which was followed by the Iraqi News Agency:
Ariel: Redenomination, Revaluation, New Rate, Forex Market all Can Happen at the Same Time
11-3-2026
Iraq Field Report: The Play By Play (The Calm Under Palm Trees)
Drawing Attention To The Course of Action Taken By The Prime Minister
Let me pull the veil back on what’s actually happening in Baghdad right now, because the mainstream financial press is about as useful as a chocolate teapot when it comes to reading the tea leaves of Iraqi monetary policy.
Reset Intelligence: Iran Moves After a Nuclear Warning.
By Reset Intelligence | @EXIT_FIAT
On Sunday evening, Eastern time, Tucker Carlson told his followers the Trump administration "may be within days of launching a nuclear strike on Iran." The post has been viewed over 80 million times. None of it is confirmed, and the White House would not comment on military plans.
Within a day Iran's president said the supreme leader had given the government powers to pursue a diplomatic way out. On Monday Trump wrote: "Iran wants a settlement, as soon as possible. It could happen!" Oil fell 7.6%, its biggest drop since July.
International Trade Centre: Iraq Is Qualified To Become A Regional Hub For Trade And Investment
The Executive Director of the International Trade Centre, Pamela Cooke Hamilton, affirmed the Iraqi government’s commitment to accelerating the procedures for joining the World Trade Organization, expressing her hope that the membership requirements would be completed by 2028. She also revealed a proposal to prepare a national strategy for trade and investment, noting that Iraq possesses the potential to become a regional center for trade and investment.
Good Morning Dinar Recaps,
GLOBAL ENERGY RESET WATCH: IRAN OFFERS TO REOPEN STRAIT OF HORMUZ AS NUCLEAR TALKS COULD RESUME
Iran says it could reopen the Strait of Hormuz and restart nuclear negotiations with the United States within two days if Washington accepts its conditions, but no agreement has been reached.
How Wars And Geopolitical Conflicts Can Affect Stock Market Performance: What History Shows And How Investors Can Prepare For Volatility
Investment strategy Sergei Klebnikov Editorial Staff, J.P. Morgan Wealth Management
* Geopolitical conflicts can drive short-term market volatility, but history shows the initial sell-off is often more about uncertainty than a lasting change in long-term returns.
*The biggest risk to watch is whether the conflict disrupts critical supply chains in ways that spill into inflation, financial conditions, corporate earnings and broader economic growth – energy is one common channel, but not the only one.
Dinar Update: Interesting Week Ahead...
The Dinar Den: 11-2-2026
The landscape of international currency investment is often filled with a mixture of anticipation and uncertainty, particularly when it comes to the Iraqi Dinar.
Recently, Stephen, a seasoned entrepreneur and host of the popular channel The Dinar Den, shared a comprehensive update regarding the current state of this investment. His perspective offers a grounded approach for those who have been monitoring the region’s financial evolution for years.
KTFA
Monday Night Video
FRANK26…11-2-26….1:1 CLOSER
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
Deputy Prime Minister: Dollar Exchange Rate In The Parallel Market Will Fall And Approach The Official Rate
Baghdad - INA - 11/01/2026 Deputy Prime Minister for Economic Affairs, Mohammed Tamim, confirmed on Sunday that the dollar exchange rate in the parallel market will decrease and move closer to the official rate. He also announced that a new shipment of $500 million is set to arrive tomorrow from the United States.
Tomorrow’s Election Changes Nothing About The National Debt
Notes From the Field By james Hickman (Simon Black/Sovereign Man) November 2, 2026
Johnny Moon was homeless and unemployed in the early 2000s. A high school dropout with a bad drug habit, Moon was hardly someone that banks would consider creditworthy.
And yet, over the course of a single year, he was able to borrow more than $600,000 to buy five different investment properties.
Rob Cunningham: Follow the Money
11-2-2026
No one hands over the world’s printing press voluntarily.
Start with one fact. The United States produces about 26% of world GDP, and the dollar is on one side of roughly 89.2% of foreign-exchange trades (BIS Triennial Survey). Whoever controls how dollars are issued, priced and settled controls the measure the largest economy on earth trades in, and through it the world’s trade.
$10,000 Gold, 10% Inflation: “Something Is Going to Break” | Vince Lanci
Miles Franklin Media: 1-11-2026
Michelle Makori, President & Editor-in-Chief of Miles Franklin Media, interviews Vincent Lanci, Publisher of GoldFix, Managing Partner at Echo Bay Partners, and Professor of Finance, about the sharp sell-off in gold and silver, growing risks in the U.S. financial system, and why he forecasts gold reaching $10,000 alongside 10% inflation within the next two to five years.
Lanci warns that cracks in credit markets, potential Treasury market instability, and the bursting of the AI bubble could force the Federal Reserve to reverse course even as inflation accelerates.
Good Afternoon Dinar Recaps,
GLOBAL FINANCIAL STABILITY RESET WATCH: ECB WARNS OF AI VALUATION, BOND MARKET AND SHADOW BANK RISKS
The European Central Bank is highlighting vulnerabilities that could spread across markets as elevated technology valuations, bond-market pressures, and risks among nonbank financial institutions converge.
TNT:
Tishwash: Fahmi Burhan: The Kurdish regions are our strategic depth, and Article 140 is the basis for the solution.
The head of the General Authority for Kurdish Areas Outside the Region’s Administration, Fahmi Burhan, affirmed today, Sunday, November 1, 2026, that the Kurdish areas represent the strategic depth and national identity of the people of Kurdistan, stressing the need to address their issues based on the constitution, while warning at the same time of the negative repercussions of internal disputes in the region on the conditions of those areas.
During an interview on Kurdistan 24, Burhan said, "The Kurdish regions, especially Kirkuk, Khanaqin, Sinjar, Makhmur, and the Nineveh Plain, constitute the central issue and the strategic and historical depth of the Kurdish people," noting that the Kurds' struggle, revolutions, and diplomatic efforts over the past hundred years have focused on determining the fate of these regions.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts From the Restored Republic via a GCR Update as of Tues. 2 Nov. 2026
Compiled Tues. 2 Nov. 2026 12:01 am EST by Judy Byington
FINAL HOURS: THE BRICS SETTLEMENT RAILS ARE LIVE …Christien B. Wallace Tier4b on Telegram Sun. 1 Nov. 2026
A sovereign trade coordination office sent an internal settlement confirmation through the encrypted channel. It said: “BRICS rails live. 41 nations. First settlement cleared in Rainbow Units. 19:00 UTC.”
Reset Intelligence: Iraq Vows to Close the Dollar Gap
11-2-2026 By Reset Intelligence | @EXIT_FIAT
On Sunday Iraq’s deputy prime minister, Mohammed Ali Tamim, went on state media with a promise about the dollar. The price on Baghdad’s street, he said, “will decline and come very close to the official exchange rate.” Then he added: “I take responsibility for these words.”
His reason is cash. Washington, he said, has decided to send $3 billion over 2 months, in 6 loads of about $500 million each. By his account the first arrived on Thursday and the second is due Monday.
KTFA
Tuesday Night Video
FRANK26…11-3-26….THE 7th
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#