Government by Mob Rule

         On a day when the surviving Boston Marathon bomber pleaded innocent to bombing the Boston Marathon, Fox informs us that the White House took an active role in railroading George Zimmerman to trial through civil disobedience - actually helping to assemble that phony sign-wielding crowd and agitate the goons.  When did blatant lawlessness become the hallmark of our failed system of justice?

         And how much White-bashing does it take to bring the impeachment issue up?

http://www.foxnews.com/politics/2013/07/10/did-justice-department-support-anti-zimmerman-protests-after-trayvon-shooting/#ixzz2YhFCJAzT

Edward Snowden

         John 3:21: But he who does the truth comes to the light, that his works may be revealed, that they have been done in God.

         John 1:5: And the light shineth in darkness; and the darkness comprehended it not.

         And here and now, in this purportedly Christian nation of ours, a Government of liars is persecuting this man for spreading truth and light, and their godforsaken electorate will not rise up and cast these nonbelievers out of office.

         Go to church today if you must, but, really, why bother?  There’s no Jesus in Jesus anymore.

         Not for the United States of Obama.

Bitwhat?

          An inverse correlation exists between the IQ levels of the addle-brained children of the rich and the rate of decline of Western Civilization, a phenomenon that has become excruciatingly relevant since the George Weaponsofmassdestruction Bush inauguration.  These morons have been screwing with our future at least since Harvard University and them were founded, and now they’re screwing with our money.

         The “bitcoin”, according to today’s definition in Wikipedia, “is a cryptocurrency first described in a 2008 paper by pseudonymous developer Satoshi Nakamoto, who called it a peer-to-peer, electronic cash system.  Bitcoin creation and transfer is based on an open source cryptographic protocol and is not managed by any central authority.”

         We don’t understand that either.

         “Each bitcoin is subdivided down to eight decimal places, forming 100 million smaller units called satoshis.  Bitcoins can be transferred through a computer or smartphone without an intermediate financial institution.”

         We don’t understand that part at all.

         “The processing of bitcoin transactions is secured by servers called bitcoin miners.  These servers communicate over an internet-based network and confirm transactions by adding them to a ledger which is updated and archived periodically using peer-to-peer filesharing technology.  In addition to archiving transactions, each new ledger update creates some newly minted bitcoins.  The number of new bitcoins created in each update is halved every 4 years until the year 2140 when this number will round down to zero. At that time no more bitcoins will be added into circulation and the total number of bitcoins will have reached a maximum of 21 million bitcoins.”

         Clearly, for this sh!t to have made it into your MacDougal Post, somebody’s science project has gone horribly wrong.

         “Bitcoin is accepted in trade by merchants and individuals in many parts of the world.”

         HOLY MOTHER OF GOD.

         It’s freaking currency, like the U.S. greenback dollar or the Brit pound, or, even today in some uses, gold.  People are paying for stuff with bitcoins.  And other people are accepting bitcoins in payment for the stuff they’re selling to them.

         Crazy people, to be sure, but people nonetheless.

         Seems some addled-brained children of the rich have become terrified because other addled-brained children of the rich are keeping failed politicians in power by printing a flood of brand new money (see QE 1 through 4) to finance the outrageous levels of sovereign debt that's piling up.  To address the latter’s problem, the former came up with the bitthingy.

         We’re told this cybercurrency is very popular with drug dealers, and convenient too.  Downsides include exchange rate volatility.  2013 Prices have ranged between a high of $266 and a low of $13.

Remember those twins that Mark Zuckerberg screwed in the Facebook movie and maybe in real life too?  Well, this whole ridiculous business came to our attention because the twins just floated an IPO that lets the public “invest” in the bitcoin in some way.

         If any of you got in, valued subscribers, please cancel your MacDougal Post subscription immediately.  We give up.

The Shadow

         Omission of the word, "derivatives" looms over this sinister piece like a foreboding shadow:

http://money.cnn.com/2013/07/03/news/companies/sp-europe-banks/index.html?iid=H_BN_News

         Just what are the referenced "regulatory initiatives" all about anyway?  It's scary when people stop telling you anything.

         Do not hold major banks of any kind.  Any of them anywhere.  When the calamari hits the fan, Government will not bail these Dons out again, and in the Obamanation that has become America 2013, shareholders will be crushed - and/or large depositors, as was the case in Cyprus such a short time ago.

         Subscribers, nothing has changed to take the crime out of Crime Family here.  All across the globe, crimebusters are getting payola to pile more victims on.

WTF Global Redux

          Remember WTF Global, the huge Crime Family claiming that its goons didn’t steal no customers’ money?  Story went, one capo or another just sort of misplaced it somewhere, or something, all of it, and nobody had no idea where.  Or how.  Or who.  Remember them?  Thieving pack of scam artists had a former New Jersey Governor/Senator running the con, if that helps jog your memory a bit.

         Well, a Big Apple fish wrapper just broke the news that our hotshots prosecuting the case for the Feds have agreed with this thieving pack of liars, concluding after a two year “investigation” that misplacing money on Wall Street isn’t like, you know, actually committing a crime or anything, so nobody’s going to jail.

         Those of you who maintain accounts with the Crime Families may want to consider loading up on more semi-automatic weapons, banana clips, and ammo.

         Clearly, nobody else is protecting your beleaguered a$$, or is going to.  Ever.

Stop Loss Order

         Yesterday's market clubbing, as well as recent discussions with a former investment clubber, reminded us of something we used to dwell on years ago, but learned to just swallow.  Maybe our blogger needs to pass it along to subscribers anyway.

         Every time you give your Crime Family a number, the racketeers make money off you.  Tell these crooks you want to buy at 40, and they pick it up for something like 39 7/8 and then, and only then, sell to you at the number you gave them.  Key in an order to sell at 40, and they unload it around maybe 40 1/8 first, then buy yours from you at the price they know they’re getting.  Happens every trade the thieving s#ns#fb$tch3&s do whether they make a counterparty out of you or not.

         Maybe you can already see why placing a conditional sell order on that same stock at maybe 34 to 36 has these goons dancing on your financial grave.  It’s like handing some whacked-out raghead a gun and telling him to shoot you right between the wealth management accounts.

         Market drops 353.87 points, b#st#rds take your stock down big time, pick up your shares at 34 or 36 or whatever price you were dumb enough to give them, and three days later market comes back and a genius mob trader sells out the same lot at, guess what, 40.

         Scam got cranked up yesterday, folks.  Did it happen to you?

         When a stock quote dips, an investor buys more.  An investor invests.  That’s why he’s called an investor.  Anyone who sells out at these times is called a f$ck&ng idiot.

         Don’t use stop loss orders, people.  Think this thing through.  Use covered calls if you have to play silly short-term games.  At least they add cash to the account balance.  Every time too.  Or place your sell orders 10% above the market, not below.

         Most importantly, be wary if your capo recommends buying a specific stock and touts a stop loss order as the only way to execute this brilliant trade.  Chances are, his consigliere has every customer's man in the Family pitching this deal so the trading desk can make a killing off the huge stop-loss block they're busy amassing.  The Organization actually pays their liars an extra commission to set up these kinds of deals, and if your con artist talks long and hard, and just won't let go, that's why.  He'll pick up a big fat paycheck for screwing his clients.

         The stop loss order is offered up as protection, and it’s the same kind of protection gangbangers give shop owners on the streets.  Wall Street’s protection rackets wouldn’t exist without it.