Ben Bernanke wrong on the economy since 2005

I find it amusing that somehow this guy runs our Federal Reserve bank. The Federal Reserve bank has now given itself so much power that it does whatever it wishes in terms of the economy in the US. It can print money, loan money, and spend money as it wishes. But let's not forget that with such loose standards, this is the guy that's doing it. LMFAO!

Bank of America scared and making it obvious now

The Financial Times reported today that Bank of America has been buying domain names (around 300 to be exact) in a recent effort to protect the bank and it senior leaders. Bank of America fears that there are going to be domain and website attacks discrediting and defaming it's name.

In my opinion this is the fear and realization of the posible highly anticipated WikiLeaks release coming this new year. I love Julian Assange because he has no regard for these criminal ass companies. He just wants everyone to see the truth. What are you afraid Bank of America? Oh the poor CFO and the members of the board must be fearing the release that's expected to come any day now. They are even buying domain adresses that include their own names with words like "sucks" and "blows."

These guys are jokers and Bank of America will be nationalized one day. That banks balance sheet is a mess and so are the lives of people involved in the company. People need to see the truth behind the people they employ to hold their money. Just for ethical reasons, withdraw your money from this crooked ass government owned bank and keep the cash in your house. Banks are a scam and are useless in the whole scheme of things. People don't need them. The whole saving concept is delusional. Cash is King, and whoever holds tangible cash is KING!

DayTrading Stocks and Digging for Gold

These terms have almost become synonymous. At one point in America's history during the 1800's Gold Rush people flocked from all over the world when gold was discovered in California. But only a few people were successful in digging up this gold and it was mere luck. All the people who were in hopes to strike it rich were left hopeless and back home they went poor. But lets not forget who the real gold winners were. It was the people selling the tools and maps to those fools in hope, who came to make a quick buck.

What happened back in the 1800's is no different than the people today trying to dig for gold in the stock market. Except now we have a more sophisticated style of selling the idea of riches. These prop shop firms sell the idea that daytrading can be made into a living. They know that day trading is a form of gambling and it can become addicting. But to keep you in the game and hopes of making a living out of doing this, they use terms related to sports to sell the idea that trading is a work in progress. They say things like "hit singles and doubles, don't try to hit homeruns all the time with your trades."  The guys touting this profession are usually one of two people. The failed daytrader who wants to continue gambling because he's addicted so he sells the professionalism aspect of the field supplied by some venture capitalist with nice offices, computer screens, and sophisticated software. Or theirs the one time money making trader who made his money when the markets were going straight up in a line and because he didn't know much about trading then, he was able to retardedly make so much money that eventually he withdrew enough money out that he was able to live comfortably for years. This same trader realized that the market changed and what he was doing and what he knows now are much different. Buying and selling is not so easy anymore and he can't seem to just buy and hold and make tens of thousands of dollars by the end of the day (i.e. dot com bubble, housing bubble, gold boom, blue chip boom, mergers and acquisition boom. These were all periods in time when new lucky faces sprout up and are praised as the new great traders, but they secretly know inside that they had idea what they were doing for the most part, and were secretly wondering at the time of praise what was so hard about trading. But what these new traders end up realizing is that the more they thought they knew about trading, the worse their performance got. Any person who has played poker or blackjack or roulette in the casino's knows what I am talking about.) and must now generate an income if he wishes to survive and support his addicted gambling habits. So he starts up a proprietary firm and has training courses that teach everything that he and his partners think they understand about the market. I love the fact that they never teach you the real inner workings of the stock market or who the players are, or how and why it operates. From the inevitable stock runs ups that are complete scams to the legit forces that move the markets and stocks based on true fundamentals. And it's all because they don't know a damn thing because they themselves are brainwashed into thinking that the charts had once coincedentally worked and continue to study and think that because a pattern happened 2 times in the past that'll will work a third time in the future. They also don't realize that by the time a pattern is discovered its almost definitely too late. But the best part about these training courses is that there is not 1 verifiable source that they actually work. Its all a hoax, but you won't hear that from the aspiring new trader who believes in these mentors who have resumes that cover up the fact they use to make money but not as consistently anymore, hence the new business model. The new trader becomes brainwashed into deceiving himself that he or she is getting better by learning strategies and rules that keep them in the game longer as promised by the firm. It's like the man who use to play the 5 dollar slot machine and use to lose his money within 10 minutes but now discovered the 1 penny slot machine which can keep him busy for days.

Like I said, if you don't think it's a scam or your skeptical of what I'm saying, then please go right ahead. I'm speaking from experience and inside knowledge of the business. It's a little funny that people would believe that by trading and scalping stock all day that they are adding value to the economy, world, or even mankind. There is no get rich quick scheme, and playing in the stock market is not about indicators and chart patterns. If you want to learn the true inner workings of the market then stay tuned, this is the point of this blog. People don't want you to speak about this stuff because the big players are making a living through your ignorance.

SMB Capital, T3 Capital, Broadstreettrading - How daytrading firms sell you

I know you've wondered what daytrading is, but I can tell you from over a decade of experience of investing and trading that it's a scam. Making money in the market is not about turning the stock market into a game of buying and selling. Don't believe the guys that run these Proprietary firms claiming their own success of making money throughout the years. They have been profiting off of the people who sign up with their firms. You see, these firms get paid from the clearing houses and the exchanges to have their traders, trade back and forth. This strategy of teaching traders at a cost, and having the interviewees put up trading capital is a scam run by these prop shop firms. If you don't believe me then go right ahead and waste a couple years out of your life, while these guys promise you that it can be done. They say things like "Losing in the beginning is part of paying your tuition to the markets", and "Once you get gross positive, you are on your way to becoming a successful trader" and last but not least "Day trading is a work in progress, and its the safest form of taking money out of the markets." The faces to these companies make money off of your ignorance. This profession attracts three type of people mainly. The college graduate, the career change oriented person who has some money saved up, and the retiree. There is no quick way to riches folks. The stock market is a sophisticated profession of psychology, math, foresight, and logic. Not some gambling attitude of over-leveraging yourself on a short term basis to scalp pennies out of a stock. Where is the productivity in your life if what you do for a living is trade a stock back and forth based on a chart and a price screen. You've wasted your brain talent on such nonsense. Of course there will be a few random people who will make money over a time period and will be the exception based on coincidental circumstances in the market in a given time frame.

The great Paul Tudor Jones Documentary banned

Even though Paul Tudor Jones has tried to ban and stop his documentary from being aired anywhere on the Internet, its just not possible. I think he realized that he gave a little too much away when he agreed to this documentary back in 1987 and he showed the way he manipulates and plays around with the market and the people around him, all in good fun of course. I think he feels that it could hurt his reputation and it seems as though why he's had his lawyer stay so pro-active in banning it from airing on TV or the Internet. Well too bad cause the video can run but it can't hide. International sites don't share our copy right infringement laws that our gay congressman passed when these corporate lobbyists pro actively bribed and blackmailed the politicians in Washington to pass a law that would stop people from sharing material not produced by them. Sorry Mr. Jones I got the link right here, so you ain't going to the grave with this one.All sh*t aside anyway, his line of thinking is common sense and psychological. If you think your really going to learn something new other than what you've already probably knew in terms of how life and the markets are extremely identical, then your mistaken. Go take a psychology class and learn how people think because the market is just a reflection of such thoughts.

Paul Tudor Jones documentary video

Jack Schwager's Market Wizard's deception

Let's first understand something about mister Jack Schwager. Till this day he has almost without a doubt in my mind not been able to sufficiently acquire an income from his trading on a stand alone basis and has made his fortune off of selling his Market Wizards books. To further prove my point, if you want to see where Jack works today you only have to look to a site called fortunegrp.com. It's an investment banking company  no different than the crooks at Goldman Sachs and J.P. Morgan.

What he did in the time of writing and publishing his Market Wizards series was no different of a concept than the idea to sell shovels to all the gold diggers and dreamers during the gold rush. The only people who got rich were the suppliers. He like everyone else who has failed at trading decided to profit from it by selling information. But his approach was different this time. He sold the information told to him from the successful traders themselves, not his own system. Genius right? Well kinda if you only look at the surface. To further propound on his idea you'll notice that the people that Jack interviewed have been trading for at-least 8 years or more. Genius again, right? Now Jack can propose that trading is not a random act of luck and that, yes there are credible traders that have done well over a prolonged period of time. This makes any quick to conclude skeptics opinions, short lived.

Jack did quite well with the concept of his book. And with its allure of fast money making traders came many curious readers. The book is filled with interviews by chart traders which Jack himself was for over 20 years prior to his writings (also note that Jack hasn't had any consistent success chart trading himself, hence the reason for the book). Readers instantly believed that because he was able to find enough people that used charts to make money over a prolonged enough time period, that made technical analysis trading a viable method and would put to rest any skeptics opinions that they've never met a rich technician. But first let me note what he fails to mention about the markets in the years prior to his interviews with these so called super stock chart traders (I also would like to mention that not all of the people he interviewed were chart traders, some are actually valid investors with real life strategies that any intelligent person with half of a brain would recognize as something logical and real i.e. Jim Roger's interview). You see, most people would think, "Oh yea this profession is possible and look at all these technical analysis traders who made all this money after all these years. Wow they must have figured out a system or a discipline that was used by charting and pricing the right indicators or chart patterns, right!?" Wrong! Jack Schwager failed to mention the most important thing that would have made all his research nothing more than a failed attempt to prove that its not the amount of people you find that are successful that's relevant, but instead the time period in which you find them.

It's kind of like when the real estate or internet boom happened, most people that were lucky and dumb enough to chase these stocks to valuations never before seen and thought prices could never come down (these companies didn't even have revenue let me mind you, yet some of these companies traded at levels that made them worth more than the entire US economy at one point) got rich on paper faster than the logical intelligent minds of the business world had. Just as long as these same idiots were fearful enough to realize that this all felt to easy and made more money than they ever dreamed and (yet they didn't know a damn thing about the stocks or the markets they were trading in) got out, they managed to cash out enough money to continue to gamble away in the stock market and live very rich comfortable lives. Let me show you a chart of what the market averages had done since the idea of the book to the time of its publication. If it doesn't all make sense after this then your continuing to lie to yourselves, because your desire to get rich off of charts is greater than your thirst for truth. By the way, any one who is lazy enough to believe that by looking at a chart of a company is sufficient enough to make an investment decision, is completely delusional. Making money is not a game of drawing lines on a chart and whoever tells you this is trying to steal you for your money either by teaching you it, or having you subscribe to their services.

The hilarious argument against Capitalism

I love when people say that "The Story of Stuff" video is an argument against capitalism. I mean really, where do these liberals on FOX and other propaganda filled news stations get their conclusions from? I wonder sometimes if they just make this sh*t up. I love this video as it explains exactly how retarded most consumers are and how they are so mis-informed on what actually happens to things that are created and then disposed of. People are the worst savers and the best spenders ever. They will buy things only to find that statistically 90% of the things they buy are thrown away. We only use 10% of the stuff we actually buy. That says a lot about people's desires to own the pointless material things they work so hard and desire. Watch and learn something and quit watching TMZ and reading your gossip magazine bullsh*t.