Prize

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

November 29, 2010

Speculators

    We can’t figure out who threw Ireland under the bus: the media or Bloodbath Mary.  Bloodbath, primary person of interest over at the Securities and Exchange Commission, certainly took her best shot.  Dutiful readers will recall that, maybe a year ago, the regulatory hotshot called off hearings on short-selling, explaining that short-selling had nothing to do with the 2008/09 financial apocalypse caused by short-selling.

    Shorts, the worst kind of Crime Family Maggots, have been on the loose ever since.

    Well, difficult as it is to believe, hacks from rag and tube may have done her one better this catastrophe.  Those geniuses are blaming the Emerald Isle debacle on “speculators”.  Oh, it isn’t the first time.  Short-sellers don’t exist in the Land of the Blithering Idiot.  Maybe it’s the hyphen.  Tough to remember whether to put one in or not, easier to stop using the term.  Okay, probably not.

    Whatever, with an IQ about matching your typical market news babe’s bra size, the average financial journalist clearly blabbers/scribbles in mob code, an encryption omitting the purveyor of bogus securities lurking atop every market reversal price chart.

     I don’t think members of the modern financial press corps actually buy stocks. They snort their paychecks away.  It would explain a lot.

    To anyone who’s opened an account at my Crime Family, the difference between “speculator” and “short-seller” is crystal clear.  A speculator is one of hundreds of thousands of plundered clients who listened to their storefront grifter, and a “short-seller” is the a$$hole in the New York office who pulled the rug out from under them once the sting got set up.

    Recent media reports tell us “speculators” bashed Irish bond prices into the bog, and are now tongue-lashing anyone stalwart enough to hold the course in the freefalling Portuguese and Spanish markets.  Stalwart or daft, only time will tell.  All Europe appears to be tumbling downhill in sympathy, albeit at slower rates of decline than the Iberians, at least last week, as are U.S. multinationals with major stakes in the mob-fingered economic crisis of the month.

    Problem with that classic piece of media disinformation is found at the root of this wildly inappropriate label.  Speculate, implying you lose money, and lose money a lot, has no place here.  Gangland racketeers operate one obscenely profitable money machine, churning out Lordly fortunes by shorting their casualties’ life savings into smithereens.

    Speculators, balderdash.  Like it was last time, and the dance before that, like it always has been, and always will be, at least until Bloodbath and/or the hacks step up, what you have here, folks, are SHORT-SELLERS run amuck.

    Did you hear me, Bloodbath?

    SHORT-SELLERS, SHORT-SELLERS, SHORT-SELLERS, SHORT-SELLERS, SHORT-SELLERS, SHORT-SELLERS, SHORT-SELLERS, SHORT-SELLERS, SHORT-SELLERS, SHORT-SELLERS, SHORT-SELLERS, SHORT-SELLERS, SHORT-SELLERS, SHORT-SELLERS, SHORT-SELLERS, SHORT-SELLERS, SHORT-SELLERS, SHORT-SELLERS, SHORT-SELLERS, SHORT-SELLERS, SHORT-SELLERS, SHORT-SELLERS, SHORT-SELLERS, SHORT-SELLERS.

    And Teflon short-sellers at that.

  Scourge of the planet in the Post Apocalyptic Era, these rampaging Gangland fiends set upon entire populations like some kind of malignancy, metastasizing pathological rot on a scale heretofore unseen, ravaging billions of innocent victims two years ago, then inexplicably left alone to inflict their lifestyle-draining contagion again at a rate of tens of millions upon tens of millions at a time.  If all Europe follows, make that hundreds of millions.  What does The MacDougal Post have to do to show sick people how to stay well?

    It’s a horrid disease borne by a psychotic Presbyterian Mafia, rendered untouchable through political bribery, but the cure is obvious - excoriation - and it can start with stripping the short-seller’s mystique away.

    Hyphen and all, we‘re afraid.