Moon Kil Woong - Seeking Alpha 'Moon Kil Woong' Tag RSS Syndication from SeekingAlpha.com SeekingAlpha.com http://seekingalpha.com/author/moon-kil-woong Rating Agencies Won't Be Able to Shut CalPers Up Easily http://seekingalpha.com/article/149145-rating-agencies-won-t-be-able-to-shut-calpers-up-easily?source=feed 149145 Seldom do I write a blog or post, merely because those on Seeking Alpha do such a splendid job of covering all the bases. However, the fact that CalPers has sued Moody's (MCO), Fitch, and Standard & Poor for providing perfect triple AAA credit ratings on junk, close to when it was trading as junk, ticked me off so much I felt it necessary to comment.

Remember, CalPers represents the biggest public pension fund for the public employees of California, which is effectively bankrupt and is now coining their own fiat money which equates to IOUs. If it wasn't from a big and important group representing the employees of the State with the biggest GDP which is in dire straits, this issue would go to the courts and be passed off in favor of the ratings agencies in a ruling roughly equating to "Nice try, but you're little people."

]]> Thu, 16 Jul 2009 04:32:43 -0400 Moon Kil Woong Seldom do I write a blog or post, merely because those on Seeking Alpha do such a splendid job of covering all the bases. However, the fact that CalPers has sued Moody's (MCO), Fitch, and Standard & Poor for providing perfect triple AAA credit ratings on junk, close to when it was trading as junk, ticked me off so much I felt it necessary to comment.

Remember, CalPers represents the biggest public pension fund for the public employees of California, which is effectively bankrupt and is now coining their own fiat money which equates to IOUs. If it wasn't from a big and important group representing the employees of the State with the biggest GDP which is in dire straits, this issue would go to the courts and be passed off in favor of the ratings agencies in a ruling roughly equating to "Nice try, but you're little people."


Complete Story »]]> AKP MCO Moon Kil Woong Fed, Treasury Propose the Dissolution of Capitalism http://seekingalpha.com/article/128193-fed-treasury-propose-the-dissolution-of-capitalism?source=feed 128193 I have sat back and watched atrocity after atrocity be committed in this downturn. Like all Americans I have watched as public funds have been shifted for private gain, as fraud has been perpetrated, as lie after lie has been paraded in front of Congress, as the Fed has seized all vestiges of Congress’ power to create and control the production and allocation of money supply which is one of the US’s most precious assets, and as Congress and its institutions (including the Fed which is private but is suppose to act on the public’s behalf) bequeath money upon the most unfit institutions rather than the most fit institutions to lead us into the next decade and wonder why nothing works.

So why do I choose to write now? Because now, laid at the feet of the public, is one atrocity that exceeds them all. It is not about money supply which monetarists know can be created at whim by the government as long as they are willing to risk the results (inflation and usually massive corruption as we are witnessing). It is not about taxation, which the government can legally solely whittle away your money to zero, for they can do so by creating more money to the point all your existing money becomes a shadow of its former self.

]]> Fri, 27 Mar 2009 05:21:13 -0400 Moon Kil Woong I have sat back and watched atrocity after atrocity be committed in this downturn. Like all Americans I have watched as public funds have been shifted for private gain, as fraud has been perpetrated, as lie after lie has been paraded in front of Congress, as the Fed has seized all vestiges of Congress’ power to create and control the production and allocation of money supply which is one of the US’s most precious assets, and as Congress and its institutions (including the Fed which is private but is suppose to act on the public’s behalf) bequeath money upon the most unfit institutions rather than the most fit institutions to lead us into the next decade and wonder why nothing works.

So why do I choose to write now? Because now, laid at the feet of the public, is one atrocity that exceeds them all. It is not about money supply which monetarists know can be created at whim by the government as long as they are willing to risk the results (inflation and usually massive corruption as we are witnessing). It is not about taxation, which the government can legally solely whittle away your money to zero, for they can do so by creating more money to the point all your existing money becomes a shadow of its former self.


Complete Story »]]> DIA KBE QQQQ SPY XLF Moon Kil Woong What Honest Senate Testimony Would Be Like http://seekingalpha.com/article/97723-what-honest-senate-testimony-would-be-like?source=feed 97723 Frankly I am appalled by what I have been hearing at the senate testimony. Considering the facts are pretty clear, I took the liberty of refashioning Paulson's, Bernake's, and Cox's testimony to be more honest ones.

First lets start with their opening statements:

]]> Wed, 24 Sep 2008 18:07:00 -0400 Moon Kil Woong Frankly I am appalled by what I have been hearing at the senate testimony. Considering the facts are pretty clear, I took the liberty of refashioning Paulson's, Bernake's, and Cox's testimony to be more honest ones.

First lets start with their opening statements:


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