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First off, I view the entire monetary and financial system as something of a Ponzi scheme. Starting with currency that is debt, and running straight though a global economic model that is based on a premise of infinite growth in a finite world. This won't end well. I'd go a step further and suggest that our materialistic value and belief system is another way in which we're building castles on sand... but I digress.

I view that markets as a casino, and frankly, I like gambling. So I rather enjoy the game, and love reading Seeking Alpha and anything that feeds my appetite for knowledge and insight. I prefer technical analysis to fundamental analysis because I find the "behavioral" side of investing more ...More
  • Description: Independent trader. Trading frequency: Daily
  • Interests: ETFs, Stocks - long
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Playing the Ponzi I am very skeptical of our monetary system in the U.S. The Federal Reserve has brought all kinds of junk onto their books, and even their "high quality" holdings - Treasuries - have significant downside risk in mid/long term. So holding U.S. Federal Reserve notes seems to me a virtually certain way to lose ...More
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Added DBA yesterday as it appears to have bullish broken above its recent downtrend resistance. Jul 14, 2011
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