Prize

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

May 6, 2011

Sell-off in the Commodity Rackets

    Crime Families, acting as one, issued themselves phony paper by the truckload yesterday to sell commodity markets short en masse, sending prices there tumbling.  To pull off a swindle like this, one single Don generally puts the word out, and the whole mob jumps in, clogging channels with massive numbers of sell orders.  Counterparties aren’t told that they’re buying thin air, bogus nothingness to be removed from the marketplace when prices get trashed low enough, and Government turns its regulatory head away as if gangbanging victims to filch their cash isn’t grand larceny on a brobdingnagian scale.

    In its coverage this morning, The New York Times labels these Gangland thugs “investors”.  Why co-conspirators embedded at this rag haven’t been nabbed for aiding and abetting with these endless cover-ups, only God Himself could tell you.