Prize

........... Recipient of the 2010 MacDougal Irving Prize for Truth in Market Manipulation ...........

November 24, 2010

Ireland Goes Down

    Two years ago it was Iceland.  Now the same Financial Crime Maggots have destroyed Ireland‘s ability to borrow by short-selling that country's bond prices into the ground.

    Agencies responsible for evaluating credit risks rushed to drop their ratings on Ireland’s debt.  When asked why he was caught by surprise, a fellow at one of the rating houses replied that market conditions changed faster than anyone could’ve anticipated, and he thought that unwarranted.  Repeat, market conditions.

    In case you don’t understand code, he was telling us that wise guys from the Wall Street Crime Families, acting together as they always do, wrought fire and brimstone down upon the Emerald Isle on a felonious whim.

    Mob spokespersons fingered Portugal as next, then Spain, the kind of disinformation we've come to accept because the Securities and Exchange Commission allows these crooks to shoot their mouths off all over the tube.

    Two years ago the civilized world and Iceland were brutally attacked.  Now another sovereign nation has been mugged by racketeering hoodlums, and two more placed under the gun.  In every case, Gangland thugs have “surprised” the globe’s credit analysts with their bloody handiwork.

    The great mortgage scam buried Iceland, but we’ll side with the experts on the Emerald Isle debacle.  Debt there has not reached the point where this criminal outrage should have happened.  Listen carefully to what the Irish themselves have been saying.  And talk about Portugal is a case of bullies trying to muscle girly boys out of the way by warning the Nancies off.

    Why doesn’t anyone but the perps themselves see what’s going on?

    One can only note China’s burgeoning world influence, and look for the day when somebody with the reason, will, and wherewithal will line some of these punks up and start shooting them for egregious market manipulation, which, by any rational standard, has been a capital crime all along.