What a douche. He's caught short and touting his own trade book. The problem is, you can't fight the Fed. Even worse for the shorts, you can't fight worldwide central banks in collusion. What an ass clown. This is old hat. Things have changed dramatically and he will be taught a lesson from his account losses.
It's getting awfully noisy around here. All I can say is "no shit, Sherlock". The bankers have always been fraudulent. Don't tell me it took you this long to find out. Be that as it may, what you say around here carries hardly any weight to reverberate around the world to make a meaningful difference. These bastards will continue to lie through their teeth. Hence, it's better that you just shut up and trade according to what you see on the damn chart. After all, we're all traders, aren't we?
I don't want to come off naive. Do they ask these doom and gloomers whether they have significant short positions. I thought there is full disclosure. I ask this sincerely. I don't know. The expression the market can remain irrational longer than you can remain solvent comes to mind for these guys. They want a collapse imho. I think their shorts got the squeeze. Am I wrong?
There are still Hall Trillion i.e. $500 Billions of Annual Savings in the US Government budget. With those numbers, US can very well wipe off its $13T debt in a matter of two decades or less. To get that pleasure some pain will have to be taken i.e. no more gun slingling military power, no more welfare state and no more prison inmates costing $50K a year. Just need a correct turnaround specialist in the White House not just politicians.
LOL. Nobody makes these silly posts without unlterior motives, whatever they may be. However, there are grains of truth to the OP's claim. The market is clearly rigged and the politicians and the bankers are outright liars as we all know it. But does that mean you should go all in by betting your wife's and children's future to prove these idiots wrong? It ain't the market that is irrational. That's a moot point since it has always been irrational. It's usually your damn self-righteous belief that will break the bank. The bottom line is who the hell cares whether the banks are insolvent or the politicians who mask these failures as success are corrupt? Does all that matter when you and your family is about to lose everything and be thrown out on the street? DON'T FIGHT THE TAPE!
The banks WOULD be insolvent if it wasn't for the US taxpayer getting shafted by the FED. I can't wait til they start walking out Geithner, Bernanke, Paulson, Obama in handcuffs. It has to happen to cleanse the economy... Doesn't it? Liddy on AIG Payouts: 'The Fed Made Us Do It' watch the video... http://seekingalpha.com/article/138076-liddy-on-aig-payouts-the-fed-made-us-do-it?source=email