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 ...........
May 19, 2017
The Gingrich Take
Newt tells it as it is:
http://www.foxnews.com/opinion/2017/05/18/gingrich-surrender-or-fight-our-country-is-at-stake.html?cmpid=NL_opinion
May 9, 2017
Ode to Rigged-Market Interest
Markets always crash, or do they,
When large-cap blue chips borrow for free?
Have central banks found a new way,
To shift risk away from you and me?
- MacDougal Irving
By now the current bull market, so long in the tooth, should've gotten pancaked by chop-blocking short-sellers, but hasn't. This bothersome state of affairs screams out for explanation, and we've been waiting patiently for some brave guru to step up and offer even a remotely plausible one, but none of them have accepted the challenge. Well, to our satisfaction anyway.
Seizing on the "this time is different" conceptual roadblock for a possible reason why, we went there, a politically incorrect place where no market analyst in good standing has ever gone before, owing to the awful likelihood of being laughed out of his/her profession, and thence forever shunned by former colleagues and peers. What we found, however, demands mention - and also delicate couching in terms strongly indicating that it was what we observed but by no means concluded, let alone ended up believing in - unless, of course, said opaque images get turned into reality at some future date, no matter how unlikely that may seem to possibly us and definitely our fellow marketeers at this point in the financial underside of a confounding space-time continuum presently unravelling across the entirety of all 46 states comprising Trump's America.
Getting right to the point, there is a difference this time, and has been for some years now - the utter destruction of our former free market in United States Treasury Bonds. Central bankers have shut down that entire operation to prevent Wall Street from making the Communist Party pay the real cost of Washington runaway spending. Fake news is a topic that at least reaches voters' ears today, fake interest a matter successfully banned from appropriate public discussion by Deep State propagandists.
The existing Federal Government should not exist. Under capitalism, it would've been dismantled a while back, buckling under the crippling weight of financing it's exorbitant ways, and thence taken apart piece by outrageous piece, all guilty parties sent packing by voters, themselves taken to the cleaners by hyperinflation, the inevitable outcome now deferred to another day by gangsters at the Fed.
You don't see different, gurus? I'll give you different. OUR MARKETS HAVE NEVER BEEN MANIPULATED BY COMMUNIST PIGS BEFORE. Now come up with the consequences of that.
Okay, okay, sorry for the rant. What we saw next was scary. A commie trickle-down thing giving large-cap blue-chip corporations interest rates that don't hold their managements financially responsible either. Recently enough in Europe, crazies were actually paying the likes of Coca-Cola money for the privilege of investing in Coke bonds under market conditions called "negative interest rates", meaning CEO's and them could screw up in all kinds of ways, and at that moment in time actually get paid to coat failure with all the financial paper they needed.
Scary part is, this puts public companies in partnership with the pinko government. Why should the stock market fall when there is absolutely no reason to think that large-cap blue-chip managements will ever face the cost of a financial mess ever again? How should markets deal with the risk/reward thing when there is no risk? Crashing does not appear to be one of the options. Unless Trump is planning to change all this by bringing back free markets.
That's what we see at and beyond the "this time is different" conceptual roadblock. Superdonald leaving things alone, no crash ever. The Man of Deal bringing back the old T-Bond market, hang on to your shorts as we get reverted to the days of yore. And sure, the mob at the Fed has hinted at bumping interest rates up if this that and the other thing, or whatever, but nobody has given any indication of 1) bringing Federal spending under control or 2) not dropping interest rates back to zilch or minus if perceived pinko needs be.
And so, you can understand our lament. Where is a real guru when you want one?
April 28, 2017
What's up with ETF Short-Selling?
According to reliable sources, the total investment in exchange-traded funds (ETF's) is about to catch up with the amount invested in active funds, if it hasn't already. There are several issues here, all mind-boggling, but we'd like to draw your attention to just one. What happens when short-sellers jump all over falling ETF prices in the upcoming stock market supernova? With individual companies, total shares outstanding quantify a limit around which our intrepid G-Men at the Securities and Excuses Commission have attempted to draw regulations to at least take a stab at theoretically protecting the basically helpless public from utter destruction during the ensuing criminality. ETF's offer no such metric, in fact, issuing whatever number of shares it takes to keep up with changing demand.
Can Wall Street Crime Families issue that total to themselves on the short side when doomsday arrives? More? How much more? What, exactly, holds the amount of mafia short-selling pressure in check under severe turbulence in an ETF market price? Will expanded arbitrage become a powder keg for the mob? If so, where does that fit in?
This is a brand new factor, criminology fans, short-sellers jumping all over falling ETF prices. Your ETF roster wasn't all that big a factor during the last go-around. Near as we can tell, who among us gets carved up, and how, loom as issues yet to be understood by your journeymen informed investors.
Too bad we'll have no clue until Lollapalooza Investigation Time arrives.
April 18, 2017
Wall Street Crime Families, a Second Opinion
There's only one way to look at the archfiends who've been systematically looting our savings day in and day out for decades now, but all kinds of options can be chosen to describe the view. Here's a link to one our valued subscribers may not have seen before:
http://www.bullionbullscanada.com/index.php/commentary/us-commentary/26718-2017-the-year-of-crisis#comments
March 18, 2017
We Died
You've already received the last of our more-or-less regular pieces. In the face of blatant censorship by hard core commies long labelling themselves as "Democrats" in the fake news, the former MacDougal Post staff didn't feel it would be wise to keep publishing what needs to be written. The Editor-in-Chief can foresee an occasionally break of silence, but right now there's no telling on what.
Adieu, free speech. It was sure nice knowin' ya:
https://www.infowars.com/google-to-target-criticism-of-islam-in-new-censorship-purge/
March 8, 2017
Where's the Party?
We've read for some time now that Superdonald drew voters from both major political parties because the American People wanted their swamp drained, jobs returned, wall built, etc., and lately, real news coverage of deep state efforts to basically destroy government in bringing The Man of Deal down can only grow his constituency and solidify his core support even more. On top of all this have been occasional suggestions that the Democratic Party is dead and that legacy Republican politicians will be trounced next time around unless those fuddy-duddies change their tune sometime real soon.
Why then, have we yet to see the obvious anywhere on our PC screens? There's a new party in town, and it's being led by what amounts to a chief cook and bottle washer: Donald Trump, who also just happens to be the dang sitting President of these dang United States of America.
MacDougal coined it the De Facto Party, which will have to do for now, and it's the largest in what's become our brand new three-party political system, comprised of De Factos, Republicans, and Democrats.
Valued readers, whenever you come across early evidence that someone, somewhere, anyone anywhere really, picks up on this obvious turn of events, please let your MacDougal Post staff know. It can get to feeling pretty lonely out here in the head office when you're right all the time, especially if nobody but nobody ever seems to climb on board.
February 15, 2017
The Treason Continuum
If you figured his War against Whites lost momentum when the community organizer left office, think again:
http://nypost.com/2017/02/11/how-obama-is-scheming-to-sabotage-trumps-presidency/
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