Born into a Big 5 investment banking family, I quit organized financial racketeering to go straight. MacDougal Irving is my Blogger Protection Identity, and I am a retired Certified Public Accountant and, like all of us, a badly misinformed investor. These are my observations on capital market cons as they were explained to me across the dinner table as a kid.
Prize
........... Recipient of the 2010 MacDougal Irving Prize for Truth in Market Manipulation ...........
December 15, 2014
This Oil Thing
Make no mistake about it, with the price of a near term light crude futures contract at the NY Merc getting chopped from 100 something just last summer way down to 50 and change this Friday, what's going on here smacks of Crime Family manipulation as opposed to anything OPEC would be pulling off. Who knows, but a 50% trouncing over 6 months in any kind of major paper is about one capitulation short of a crash, the abject horror that leaves "weak hands" running for the exits, financially crippled and leaping out of office windows to get there. That's the hallmark of Wall Street racketeering, how your prototypical Presbyterian gumba works off the brutality of his maleficence during what we take to be the multiple orgasms stage of any successful global market crime spree.
Yesterday's media coverage called for whole countries to go under, and your Post staff agrees - if Wall Street masterminds are calling the shots. These craven archfiends are always out to do no less, and live for those glorious gore-dripping moments when satan spawn can yank our kind down to the depths of total despair where Beelzebub and them rule over God-fearing folk from occasion to misbegotten occasion.
Time will tell, and best guess is, we don't have long to wait. Whether defaults/devaluations, or whatever, by weak sisters like Venezuela and Nigeria will mark the bottom, looms as the question of the day.
If worse comes to worse down the final stretch, just strap yourselves in and hold on tight. Should headlines start screaming, "End of Days", pour a little capital into the oil major of your choice and you'll be boasting of that genuinely heroic feat for the entire rest of your life, and rightfully so.
It's just the boys acting up again, the old take-'em-for-everything-they-got crowd showing the 99% no mercy, as usual, while opening up what could well become the opportunity of the decade for those of us who are in the know. Remember that, and surely the MacDougal Post community will do all right.
Racketeers are pulling off a heist here - the theft of public savings. That's it. There's nothing more to say. Don't let some whacked-out talking head scare you into thinking it's any damn thing else.