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swaps
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Retired news reporter, former business writer for two daily newspapers. Former business owner. Manages own IRA, to keep hand on pulse of the market. Thinks the banking system is a no longer sophisticated control mechanism to keep the serfs in bondage.
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  • Current debt system obviously doesn't work

    A factor in the Euro-centric crisis is the accumulated effect of compounded interest over time. Money paid to interest was money not available for operations and projects and thus more money was borrowed to replace money diverted to interest payment.

    I think the case is built for government to just print money and issue it, without having to pay interest on it.  Despite the alarms of the banksters, this could have been done in a more responsible manner.

    Central banks that create money out of thin air and then loan it out - and then demand interest - are doing what the government could have done directly interest free.

    As for elite families and widows and orphans who loaned money to these governments they should expect to take losses in a free market dog eat dog world.

    Why are there free markets and free trade if in the end the free markets demand  bail outs and help and socialist transfer payments from everyone else to the debt industry, which by itself builds nothing or creates nothing  other than debt obligation.

    Our debt money system is clearly not working. Why keep pumping it up higher and higher.

    Oct 27 4:12 PM | Link | Comment!
  • Phil Davis is Right - Stop the (Frantic) Trading this Week...



    One lesson of the insider trading probe is that the game is rigged against traders who are not GS or equivalent level of size and scope with corresponding  insider information networks.

    Since trading is a zero sum game it would seem logical that one should review Graham and Dodd and forget the frantic trading and just start investing....buy and hold positions in good investing vehicles. 

    Better yet, withdraw your stocks from Cede and Co. and put them in a safe place where your broker cannot "borrow" from you and sell them short against your position.

    Turn to horse racing or casinos or poker to satisfy your gambling habit.

    If you had put $100 on General Quarters in the race before the Kentucky Derby, then bet those 8 to one winnings on Super Saver (as the CNBC $100,000 winner did) in the next race, you would have turned $100 into $8,000 in about 90 minutes.  I saw that play but had no one to quickly sell the information to so I could make money instead of quietly wagering and keeping it to myself, as real gamblers do.

    Or better yet, take up golf, protect your wealth by improving your marriage (divorce is a real wealth buster. A local scion had to divest several cash -cow convenience stores to a foreigner, a Muslim, to settle his third divorce), start enjoying the sunsets and take time to smell the roses, and get out of the artificial trading world that is so disconnected from our basic hunter - gatherer roots that used the body as well as the mind.

    An ounce of gold is an ounce of gold and the equivalent thousand ounce derivative chain linked to that original ounce of gold is exactly what will cause our equally abstract government to default and fail - and then none of you will have time to worry about puts and calls.

    Come to think of it, those shares you grabbed from Cede and put under the mattress might have more value being burned in the living room of your 4,000 square foot Mcmansion as you try to stave off the frigid ice age that materialized when the Gulf Stream stagnated unnoticed by you because you were trying to figure out just where you wanted to place your bet somewhere along that 1,000 ounce gold derivative chain anchored by a solitary ounce of real gold.

    Phil Davis has it right this week.  Stop the frantic effort to outwit GS and black boxes and enjoy the day, live the real world outside the cubicle, the corner office...  Your survival may require just that.

    Granted, a few people with outsized brains have sat in cubicles string at computer screens and have amassed huge sums of fiat money from the masses. If you were one of them you would not now have time to read Seeking Alpha - too many Playboy bunnies running around your estate. Unless you are George Soros, and then you will use your vast wealth to make sure the masses live under communitarianism, code for communism. But Soros has a mission in life, driven by a god.

    Earlier this year Phil told you how much more wealth the top 1 tenth of one percent accumulated in the past year. You are not clawing back wealth from them in any meaningful way with your frantic trading. Phil's own information shot down that falsehood.

    Come out of your cubicles and throw a sleeping bag in the back of your shortbed Chevrolet Colorado and head for the Bakken oil field.

    I would do just that but my face is glued to the computer screen and I just picked up some junior producers sniffing around that patch. .  Like you, too reserved to get my hands dirty.

    So I recant my hypocrisy and affirm you guys can trade your  highly sophisticated brainy way  and I will trade my low-brain intuitive way and patiently wait  - and to hell with the slowing Gulf Stream.

    Funny that the Millionaire Mind did not write about any options traders. Just service station owners and the like. Where is that information on SA?



    Disclosure: Long ROAOF
    Nov 23 10:42 AM | Link | Comment!
  • How Would a Future Planned War Boost Post Industrial America?

    Since 2001 more than 42,000 factories employing 500 people or more have closed in post industrial America.

    If the bankers get America into World War III to boost the economy what will people do to win the war - sell insurance to each other and fry hamburgers?

    Massive government spending contracts for the next war would be given to Americans with government contacts who would turn around and outsource the war materiel production to China and Mexico and India and Taiwan etc. Presumably our foe would be the entire Muslim world, whose birth rate projects to overwhelm the West and the East, and not just the fringes of it. By the way, it is absurd to be fighting Islam on the margins even as they move into the U S and project a de-stabilizing 50 million Islamic followers in 20 years. But our intel lacks intelligence.

    Post industrial America would logically be trending downward toward the model of India, and the streets of LA and Houston and Miam - where it is warmer - will be swarming with hordes of abandoned children just like in Bombay or around Mexico City..

    And the globalists will have achieved that global parity they have been striving for.

    But there will still be a stock market as there is in India, where the satellites depict a bright glow of illumination compared to the blackness of much of Africa and Oceania.

    The rich will go on.
    Oct 04 10:28 AM | Link | 1 Comment
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