SloJon--excellent article on naked short selling. I saved it. Naked short selling is the selling of counterfeit or fictitious shares to the investing public with the intent of ripping them off and making the rich and powerful even richer by underhanded means. We all know the MMs exploit a loophole in trading rules to make it all possible. It's an unpunished crime being perpetuated by a combination of brokers, market makers, clearing houses, hedge funds and the DTCC and all of its entities. Those entities include paid internet bashers. They're obviously here to wear us all out with their constant negative babble. They want us to sell at a loss--the bigger the better. (Our loss is their gain). Congrats to all TNOG longs who are able to tolerate some red and not get scared out by the MM's artificial walk downs.
One last thing--this business of selling what isn't owned is pandemic in America. Our politicians spend almost unimaginable amounts of money that they (we) don't have. Thanks to the banksters and the Fed, our fiat money is backed by nothing but faith. Just print up some more! Another example is the comex. They rewrote rules to allow short sellers the advantage. For years they've sold silver they don't have to keep the price low. The silver they sell is just imaginary. It is allowed because the banksters can't stand the fact that folks might flock back to REAL money and away from money that is equivalent to stuff torn out of phone books. The traditional silver-to-gold ratio (15-1) is way out of whack. Buy silver. The gold-to-oil ratio is the same way. Gold is low. Buy gold!
The multi-national corporations are now running the show by taking everything off shore, including their headquarters to avoid paying any taxes in the U.S. Let the plebes pay taxes. Clinton forgives fugitive billionaires if it enables him to get some contributions for his library. The White House was for sale. Still is. Cheap labor and breaking of unions is encouraged. Bush won't enforce the law because he wants the North American Union which will make his corporate buddies a lot more money. Never mind something as trivial as the law or the Constitution--they'll just get our Supreme Court to pass eminent domain and take it! The US is for sale! Like naked short selling, laws are not enforced if it helps the rich and powerful become more so. The middle class (already in debt from home equity loans, credit cards, consumerism, etc) will have to pick up the tab. The middle class cattle will have to work harder in their pens. That way they won't pay attention to the freedoms they're losing!
The traitors in D.C. have sold us out. No other way of putting it! Sorry for my rant.
Buy gold and silver and oil stocks!
GO TNOG!!!!!
AI
