The MacDougal Post: Required Reading

April 25, 2011

Required Reading

    So seldom do we agree with anything anybody says that it came as rather a shock to concur with everything David Stockman postulated in his recent online New York Times opine, The Bipartisan March to Fiscal Madness, found at:

    h ttp://www.nytimes.com/2011/04/24/opinion/24stockman.html?nl=todaysheadlines&emc=tha212

    The former Republican Director of the Office of Management and Budget allows that Umama’s solution to the menacing National Debt is just more of the Democratic Party’s ineffectual attack on the rich while fiscal adolescent Paul Ryan’s proposal just continues the wildly successful broadside against our poor and middle classes waged by Beltway Republicans since at least the Reagan years, if not something like the beginning of time.

    There are no winners here, and the falderal simply draws us closer to class warfare than anyone has been since maybe the French Revolution settled their disputes with a guillotine. Of particular interest to Post readers is the accurate commentary on our rigged US Treasury bond market, a collusion of nations that, which has made financial malfeasance possible, and will continue to do so right up to the point of hyperinflation, if allowed to go on any longer.

Inside the Scam

Short-sellers flood markets with bogus shares, involving buyers in bookkeeping transactions, not stock, and not telling them about it. Wall Street helps hide the fraud with Madoff accounting, even letting shorts pay dividends as part of this scam, duping investors into believing they get real dividends paid by the company they thought they invested in.

Worse, short-selling, in effect, adds these phony shares to the actual total number reported in company financial statements, which goes into the various earnings per share (EPS) calculations, essential components of the critical metric universally used to value common stocks, the price/earnings ratio (P/E). In a selling frenzy, EPS can be cut from, say, $4.00 to $0.40 or $0.04 or whatever, by the immense volume of fake shares these pretend investors are drubbing the real ones with at point of purchase.

Every reference made to P/E as a calculable metric is a lie. Our stock market is gamed by short-side racketeers, rendering equity investment in this country a massive securities fraud. Their humongous swindle purloins much of our savings during every market downdraft.

Odds are the SEC staff belongs in jail. Gangland racketeering is more than enabled by the complicity of our regulatory hotshots. Mob stooges inside that agency have spearheaded these cons for generations, flat out lying to us all those years.

Surely, the SEC's remarkable contention that short-sellers borrow their shares from you and me is, in its downright absurdity, the nadir of arrogance and criminal obfuscation.

That's why we're never asked to go along with it.

Site Exclusives

As our young readers know, any loser who steals mommy and daddy's savings is a stupid ninny.

Wall Street hires the biggest dumbbells in the world. That's because God hates stealers, and the nincompoops don't even know it.

Keep an eye on bad men like hedge fund managers, bank CEOs and proprietary traders right here in The MacDougal Post. Incorrigible dingbats like Mucus Poole-Knightly, Pockets MulGoon, and Lewie the Dip, just to name a few of the head cases found on the site, are contracted to appear here exclusively.

You won't find that kind of financial coverage anywhere else in cyberspace.

Check in with us regularly to find out what's really going on with your money, if there's any left. And when it's all gone, take a shower whenever you can and drop in on us from the local public library.

The MacDougal Post

Prize

April 25, 2011

Required Reading

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