SHORT TRADERS TRYING TO DESTROY AMERICA

During the past 8 days, the Federal Reserve has delivered an unprecedented 1 1/4% rate cut in the Fed Funds rate. Yesterday, after the additional 1/2% cut, the stock market tanked - and the reason was SHORT-TRADER BILL ACKMAN.

Bill Ackman has massively shorted MBIA and in order to try to increase his already humongous profits, he is willing to destabilize the entire financial system of America by "bad-newsing" the bond insurers every time there is hope of a recovery in the stock market.

If the ultra-greedy Bill Ackman were successful in destroying MBIA in order to enrich himeself personally, one man - Bill Ackman will be richer than his already riches, and 280 million Americans will be devastated when their money market funds are forced to sell into a panic stricken market because the securities held by these money markets have been down graded.

So, here is the math:
1 person, Bill Ackman stands to gain
280,000,000 Americans stand to lose their life savings that they thought they placed in safe money markets

IS THERE ANYONE LEFT IN ANY POSITION OF POWER IN AMERICA WILLING TO HELP 280,000,000 AMERICANS FROM BEING FINANCIALLY RUINED BY ONE MAN WHO IS ALREADY RICH AND WHOSE FATHER WHO WAS ALREADY RICH SENT HIM TO HARVARD AND SET HIM UP IN THE BUSINESS WORLD????

In the following article, the extremely knowledgeable Ben Stein put forth this same view and ended with wondering how Thomas Jefferson would feel aboiut all of this.

So, here we are America, after approximately 230 years, the great country created by noble men like Thomas Jefferson is about to be destroyed by the (long list of expletives deleted) man like Bill Ackman - and all because of the unfathomable greed of one man.


Everybody's Business
Can Their Wish Be the Market’s Command?

By BEN STEIN
Published: January 27, 2008
LONG ago and far away, I was a student of law and of economics at Yale. The economics I found fairly easy, probably because the material was the same as what I heard my two economist-parents discussing around the dinner table all my life. (My parents would literally discuss monetary policy with the meatloaf.)

But the law was a total puzzle. Here would be one case that went for the appellant, but just a circuit away, or maybe even in the same circuit, there would be another case — with identical or almost identical facts — that went for the appellee.
I was puzzled. I sat in the Sterling library reading the cases over and over, but still could not get it. Then, one day, out of the blue, my learned brother-in-law Melvin, who had gone to Harvard Law School, asked me if I knew about “legal realism.” I didn’t, but I soon learned.
“Legal realism” said that the whole common-law system of abiding by past decisions was a fig leaf. What really happened, at the appellate level and probably at the trial level, too, was that judges made up their minds based on their predilections, their biases, which lawyer was their friend, what they had for breakfast that day. (I myself love peach Activia yogurt.)
Then, because a case that reached appeal always had some legal merit on each side, the judges, or their very young clerks, picked whatever precedent they wished to support their bias and pretended that they were bound by that precedent and could not have decided any other way.
The scales fell from my eyes, and I went on to finish law school in fine fettle. It was just all show business and personal bias and what’s in it for the judge. That made law school easy.
Time has passed in a big way. But the lessons of legal realism have always been uppermost in my mind when I think about law or about anything else important: Stated reasons are often not the real reasons.
Because I usually write about finance, I have come to believe in the theory of what I would call “financial realism,” or what might more accurately be called “trader realism.” Under this theory, on which I have an imaginary patent, traders can see masses of data any minute of any day. They can find data to support hitting the “buy” button or the “sell” button. They don’t act on the basis of what seems to them the real economic situation, but on what’s in it for them.
Just as a tiny example, years ago a close friend, now deceased, was a trader in London for a big financial house. As he told it, one day I.B.M. came out with stellar numbers. The boss of the trading floor said, “O.K., the guy who’s getting the prize is the one who can make us money selling I.B.M. short.”
So the traders grabbed for their phones and started to put out any bad thoughts they could dream up about I.B.M. They called journalists, retailers, anyone. They sold huge amounts of I.B.M. short. Soon, they had I.B.M. on the run, made money on their shorts and went to Langan’s to drink champers.
As I see it, this is what traders do all day long — and especially what they’ve been doing since the subprime mess burst upon the scene. They have seized upon a fairly bad situation: a stunning number of defaults and foreclosures in the subprime arena, although just a small part of the total financial picture of the United States. They have then tried — with the collaboration of their advance guards in the press — to make it seem like a total catastrophe so they could make money on their short sales. They sense an opportunity to trick other traders and poor retail slobs like you and me, and they generate data and rumor to support their positions, and to make money.
MORE than that, they trade to support the way they want the market to go. If they are huge traders like some of the major hedge funds, they can sell massively and move the market downward, then suck in other traders who go short, and create a vacuum of fear that sucks down whatever they are selling.
Note what is happening here: They are not figuring out which way the market will go. They are making the market go the direction they want.

I know this because I know traders. They’ve told me that they love to sell into fear because fear is bottomless — you can make money selling all day, while buying eventually slows because enthusiasm has limits. The amount of money available to large professional traders is so large that they can overwhelm the market, at least for a while, anytime they want. And they like to do it when the market least expects it.
To my humble eyes, this is what we have seen recently on world markets. Note that the losses in United States markets alone are on the order of about $2.5 trillion in recent weeks. How can a loss of roughly $100 billion on subprime — with some recoveries sure to come as property is seized and sold — translate into a stock-market loss 25 times that size? The answer is trader realism.
The losses in the stock market since the highs of October 2007 are about 14 percent. This predicts — very roughly — a fall in corporate profits of roughly 14 percent. Yet there has never been a decline of quite that size for even one year in the postwar United States, and never more than two years of declining profits before they regained their previous peak.
In other words, traders are sending stocks down by a fantastically larger amount than is warranted by a recession or the losses in subprime. How and why does it happen? As someone said in the movie: “Forget it, Jake. It’s Chinatown.” It’s just Chinatown in trader-land, where money is made and there is no perspective.
So when you see the market gyrating wildly downward and hear some pundit saying it’s because of this or that data or this paradigm or that ratio, remember trader realism. The traders move the market any way they want, any way they think they can make money, and then they whisper a reason to journalists later in the day. Then the journalists print it or say it on television, and the amateurs believe it. And the traders snicker.
These traders, not economists or securities analysts, can turn the world upside down, make governments tremble, give central bankers colitis and ruin the lives of ordinary men and women saving for their children’s college education or their own retirement. In America today, it is the traders, not the politicians or the generals or the corporate bosses, who have the power.
This is what has become of the America of Thomas Jefferson. Lucky for the traders. Sad for the rest of us.
And one thing’s for sure: With the traders running things, it won’t be a good time for amateurs until the traders cry “Switch!” and the market starts to rise.

Ben Stein is a lawyer, writer, actor and economist. E-mail: ebiz@nytimes.com.

Tom Cruise - One Crazy Motherf**ker

If there is one movie you see in 2008 it is the Tom Cruise Scientology Indoctrination Video that has been leaked onto the internet.

http://gawker.com/5002269/the-cruise-indoctrination-video-scientology-tried-to-suppress

Yes, we know the Tom Cruise that went "cruisazy" in 2006 and "jumped the couch" on Oprah in 2007, but this video is the first time we get a view into his brainwashed mind, and it is four star frightening!!

Apparently, Tom Cruise believes that the "religion" invented by the pulp science fiction writer, bigamist, liar, cheat, charlatan, drug abuser, L. Ron Hubbard in response to the challenge "if you want to make millions of dollars, invent a religion" - makes him - Tom Cruise - supremely qualified as the ONLY person capable of helping accident victims, uniting cultures, and bringing world peace. And he relays this to the viewer in between insane bursts of grinning and giggling.

If anyone can watch this video and NOT conclude that Tom Cruise is one crazy mother f**ker, then we are more gullible than he is.

THIS VIDEO IS THE FINAL PROOF THAT WE MUST BOYCOTT ALL TOM CRUISE MOVIES AS THE PROCEEDS FROM HIS MOVIES ARE USED TO INDOCTRINATE AND BRAINWASH MORE UNSUSPECTING CONVERTS INTO "RONDROIDS" LIKE HIMSELF

IF THIS IS OUR ECONOMIC GENIUS...

2008 is going to be one helluva crazy ride year, and we have Alan "The Genius" Greenspan to thank for it.

To give him the benefit of the doubt, I did read his book, and while he has quite a bit to say about almost every subject in the world economy, at the end of the day, he is really just another full of shit windbag.

His 1% Fed Funds "Crazy Money" is at the core of all of our economic problems today, and remarkably, "Helicopter Ben" Bernake is going to use his playbook to try and avert a recession.

Back in 2006 I was speaking with the guy who parks my car in Manhattan about the prices of the condos in a building next door that used to be a parking garage. Even he knew that it was only "crazy money" that could afford to buy at those prices.

So, by logical deduction, the parking attendant had more understanding of the bad effects of 1% Fed Funds than the chairman of the Federal Reserve.

Conclusion?
WE ARE DOOMED

Christian Slater is a Retard

The last time I had ecstasy was five years ago. There's no question that in proper quantities and the right manner, drugs are fine."

----Christian Slater tells Arena magazine drugs can be safe.

RETARD-->

and from the NY Times on January 9, 2008:

Rise Seen in Trafficking of Enhanced Ecstasy

Methamphetamine-laced Ecstasy is flowing across the Canadian border into the United States, according to a warning last week from the federal government to public health and local law enforcement officials.
The White House Office of National Drug Control Policy reports that seizures of Ecstasy at the northern border increased tenfold from 2003 to 2006, with more than half of the contraband tablets containing methamphetamine, a vastly more addicting drug. This matches findings by the Royal Canadian Mounted Police.
The development comes after an uptick in Ecstasy use after years of waning popularity for the club drug and just as the supply of methamphetamine is being strangled at the Mexican border. Some law enforcement and treatment experts hypothesize that the turbocharged combination is an effort by traffickers to reverse trends unfavorable to their business by marketing a new product at a new point of entry.
Ecstasy, which gained popularity in the 1990s rave culture, had been in steep decline since 2001, but began to creep upward in 2005 and 2006, when first-time users increased by 40 percent, a third of them under the age of 18, according to a variety of studies.
At more or less the same time, the supply of methamphetamine in the United States has been substantially reduced, first by shutting domestic laboratories and then by new cooperation from the Mexican government in controlling its manufacture and smuggling.
“This is simply my opinion,” said Scott Burns, a deputy director at the drug control policy office, “but drug traffickers often have to reinvent or come up with new products when what we’re doing is working.”

So, thank you Christain Slater, you RETARD, for helping to endanger the lives of countless teenagers and twenty somethings who think, because "Christian Slater said so" drugs are cool.

THE SAD FACT ALWAYS HAS BEEN AND ALWAYS WILL BE:

DRUGS ARE FOR RETARDS

and please don't forget that he is an arrogant RETARD

Remember this retarded bit of behavior from 2005?

Christian Slater, Starring in an Unscheduled Courtroom Drama

By ANDREW JACOBS
NY Times Published: June 1, 2005

Yesterday, Mr. Slater was again back in the public eye, this time for what prosecutors describe as a wanton brush with a stranger who was patronizing an Upper East Side deli around the same time Mr. Slater and his girlfriend were having an argument. The victim told the police that she was groped by Mr. Slater, who was arrested, charged with sexual abuse and forced to spend a night behind bars, according to law enforcement officials.

At just before 2 a.m. yesterday, Ms. Puzio said, Mr. Slater was outside a deli on Third Avenue at 94th Street, arguing first with a cabdriver and then with his girlfriend. In the midst of the quarrel with his girlfriend, Mr. Slater spotted the victim, who had just bought a soda, and "grabbed and squeezed her buttocks," Ms. Puzio said. Mr. Slater's girlfriend, whom prosecutors declined to name, shouted at him to stop, and he complied, but the victim called 911, and Mr. Slater was arrested a few blocks away, Ms. Puzio said, by a police officer who described his reaction as being: "I didn't do anything. I'm suing you. I'm suing the Police Department. I'm suing everybody."

Good going Retard, have fun suing everybody

Maybe you were high on ecstasy when you were acting like a retard yesterday,

or maybe you are just RETARDED

Beauty

Inner beauty is a concept used to describe the positive aspects of something that is not physically observable.
While most species use physical traits and pheromones to attract mates, humans claim to rely on the inner beauty of their choices. Qualities including kindness, sensitivity, tenderness or compassion, creativity and intelligence and a sense of humor have been said to be desirable since antiquity. However new research comparing what humans claim to find attractive to their actual mating habits underlines the superficiality of "inner beauty," underlining the fact that the human animal relies on physical traits and pheromones just like every other animal.

So, if inner beauty is superficial, then it is OK for me to be in love with Moon Bloodgood, cause she is GORGEOUS!!

Happiness

The Little Bird Of Happiness


There once was a little bird who decided he would not fly south for the winter with the rest of the birds. But soon it got cold, colder than the little bird ever imagined it could get, and he realized he would have to fly south. The little bird took off, but it was too late and his wings froze up and he plummeted out of the sky and fell into a pile of hay in a barn yard.

There the little bird lay in the freezing cold. When the little bird was close to freezing to death, a cow happened to walk by and crapped on the little bird. The manure warmed the little bird and soon his wings thawed out and his heart beat strong and the little bird was so happy he began to sing a beautiful song.

Upon hearing the song, the barnyard cat walked over and found the little bird and pulled him out of the manure, and promptly ate him.


THERE ARE THREE LESSONS FROM THIS STORY:


1. NOT EVERYONE WHO SHITS ON YOU IS NECESSARILY YOUR ENEMY.

2. NOT EVERYONE WHO GETS YOU OUT OF SHIT IS NECESSARILY YOUR FRIEND.

3. IF YOU ARE WARM AND HAPPY IN A PILE OF SHIT, KEEP YOUR MOUTH SHUT.

Guidelines for Life

GUIDELINES FOR LIFE

1. You will learn lessons.
You are enrolled in a full time school called "life on planet earth."
Every person or incident is your teacher.

2. There are no mistakes-only lessons.
"Failures" are the steppingstones to "Success."

3. A lesson is repeated until learned.
It is presented in various forms until you learn it.
If you are here, there are still lessons to be learned.

4. If you don't learn the easy lessons, they get harder.
Pain is one of the way the universe gets your attention.

5. You'll know you've learned a lesson when your actions change.
Only action can transform knowledge to wisdom.

6. "There" is no better than "Here."
When "there" becomes "here" you'll notice another "there"
that again looks better than "here."

7. There is no right or wrong-but there are consequences.
The Universe never judges us;
it only gives opportunities to balance and learn.

8. Your life is up to you.
Life provides the canvas; you do the painting.

9. Your answers lie inside you.
All you need to do is look,listen and trust.

10. You'll tend to forget all this.

11. You can remember any time you wish.