Friday, August 10, 2012


                               What Could Possibly Go Wrong?

Well well, while I was away snorkeling in the snow cliff diving, a funny thing happened to investors all over the world who again like idiots simply don’t seem to ever learn a lesson.

I am of course referring to the liquidation bankruptcy of PFG Best. Let’s see, $400 million in missing segregated customer funds held at JPM; Gosh, we ain’t ever seen that before; errrrrr except with REFCO, MF Global, and now PFG. Give it a little time and I’m sure the CME thugs will have had their grimy hands in it too.

And prey pray tell, what do they all have in common? Why of course, they all happened in the U.S. You know, that bastion of regulatory zeal where every investor is protected; until they ain’t. From the folks who couldn’t catch a cold in a sniffle factory, we are of course being told that justice will prevail. Errrrr, someday; right after they find the missing  large $1.4 from MF Global.

Seriously, what does it take for people to start asking WTF?

How many times can you hit a dumb animal in the head with a baseball bat before it sees you coming and simply says “I don’t think so”? Once natch. Not so easy with humans, who will rationalize to their hearts content while their pockets are picked clean by regulators, banks like JPM, and the aforementioned world’s most disgusting exchange.

Do I have to say this again?

Why does anybody trade with a U.S. broker?

You dolts out there who continue to place your hard-earned money with crooks in the U.S. financial system; what’s it gonna take? Sorry, when they vaporize your funds AGAIN SOMEPLACE ELSE I refuse to feel sorry for you.

Is it just me thinking this, or do all the crash test dummies live in Amerika?

Of course, Chalky Soetero’s pals have their fingerprints all over this. And while I am positive he is getting a cut somewhere somehow, his pals should be cuffed and marched off to the rock pile. Instead, they’ll be off fund raising somewhere for Mom, apple pie, and the Chicago way.

What a screwed up country.

Have a good day everyone. Be back soon full time from hedonistic pleasure.



  1. We no longer have the protection of U.S. Courts. This federal appeals court ruling is now law. There is no such thing as segregated customer funds. Once you give a financial institution your money, it is no longer yours, and you have no legal claim or legal recourse to it when it is stolen...

    "That Sentinel failed to keep client funds properly segregated is not, on its own, sufficient to rule as a matter of law that Sentinel acted ‘with actual intent to hinder, delay, or defraud' its customers."
    U.S. Circuit Judge John D. Tinder

  2. Even though this many not be an option for some, for $1800 you can register an offshore business and bank account and trade with any foreign broker, even if they do not accept U.S. clients.

    Not to mention there are still brokers that take U.S. clients even without a corporate account.

    Really, there is no excuse not to be using a non U.S. broker.