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 ...........
October 26, 2015
Required Reading
Placing the financial side of our economy in the grip of central planning after destroying the free market in Treasury bonds some years ago, our Monetary Politburo at the Federal Reserve Bank has been forcing totalitarian communism on the American people ever since. Here, the author declines to go quite there while offering his take on the hows and whys of some of this for us - and for much of the rest of the world too; his vantage point offers an informative view:
http://seekingalpha.com/article/3601116-the-inflation-lie?ifp=0