Tag Archives: Madoff

The Derivatives Beast Begins Growing Again! OTC Trades Resume

Japan’s Nikkei continues to self-destruct as China buys US corporations left and right while the US Wall Street con artists and gangstas revive the dreaded Derivatives Beast playing wild Ponzi gambling games using no capital base and waiting for the Fed to bail them all out again and again and again.  Time to snarl and snap about all this!  And we seem helpless to stop them.  Instead, we are debating sex, abortion, guns and other matters such as the need for FEMA.  Oh, by the way, a tornado passed to the north of my home last night.  We need FEMA functional. Continue reading

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Filed under .money matters

Gold Bear Market Baffles Believers Who Think Favorite Commodity Should Always Go Up and Up

Both gold and the entirely fake bitcoins have seen big drops this week.  The gold bear market worsens:  BREAKING NEWS: Gold Prices Hammered Below Key $1500 Psychological Level– What’s Happening? as gold falls $86 in just one day.  When gold goes up in terms of currencies, gold hoarders rejoice.  When, like all markets, it suddenly falls, these same people go insane with fury because in their minds, gold should go in only one direction: up.  This is true of speculators of all kinds.  Stock buyers suffer the same irrational delusion.

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Filed under .money matters, gold

Whidbey Island Homes Slide Into Sea, NYC Banksters Whine About Penthouse Views

The recent landslide in Washington State where a whole community of houses are now being rendered unlivable reminds us about risk and the desire to live dangerously. That is, no one has any insurance for a collapse of the landmass which their houses sit on with a spectacular view of the restless ocean.  There is more news about the super rich bankers we all bailed out, whining about their fines they had to pay for their rip off scams, while whining about the view from their multi million dollar penthouses.  We should dump them into the sea! Continue reading

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Filed under .money matters

Congress Wants To End Derivative Market Regulations So New Bubble Can Happen

The US is in trouble due to wild military spending on crazy global adventures while non-socialized medical care causing our medical system to cost more per capita than any of the other first world nations.  All of this is on top of the world’s greatest trade deficits which have caused trillions in lost US sovereign wealth.  We now have budget cutting that is unfair and destructive while at the same time, the rich can weasel out of many taxes while at the same time reaping bigger and bigger rewards for being the top dogs.  So the rich get richer and the poor are tossed out.   Continue reading

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Filed under .money matters

Madoff Brother Loses Nearly Everything Before Going To Prison

Madoff maid lived in room size of master bathroom

 

Yet another Madoff is going to prison.  The Ponzi Brothers have continued to be dismayed at the repercussions of their crimes because, quite frankly, they thought they were being honest even though they lied, hid things and in general, ran their investment house like a crack house.  Now, the Feds are stripping them of virtually everything to the astonishment of the criminals involved. Continue reading

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Filed under .money matters

Secrecy Causes More Problems Than It Solves

Much of today’s examination of the news is all about how governments of so-called ‘free nations’ are unnecessarily secretive and indeed, maliciously and dangerously secretive, hiding important information from the public they supposedly serve.  This secrecy is invoked all the time in nearly every possible area.  The US media is all agog about a Chinese dissident who ran off to the US embassy, for example.  But is less interested in people held in severe prison isolation due to releasing information that should be public in the first place. Continue reading

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Filed under .diplomacy, energy, Politics

Israeli Jewish Scientist At Yale’s Sex Arrest Hidden In US News

I was leafing through the rather scrummy parts of UK news when I saw the story of ‘MIT researcher busted in undercover sting after setting up sex meet with a 12-year-old girl through her federal agent mom’ at the Mail Online.  This happened yesterday and I waited over 24 hours to see if the US media owners who are mostly Jewish would pick it up.  Well, they dropped it down the Memory Hole, fast.  It really never made even one headline in the US, not even the back pages where crime stories go. Continue reading

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Filed under Politics, religion