Thursday, January 7, 2010

The Land of Lawlessness

The title says it all. How else would one describe, aside from being the most partisan political hacks like a Sean Hannity or Keith Olbermann, this news regarding Tim Geithner and AIG? In what can only be described as financial treason we get news this morning that;

"The Federal Reserve Bank of New York, then led by Timothy Geithner, told American International Group Inc. to withhold details from the public about the bailed-out insurer’s payments to banks during the depths of the financial crisis, e-mails between the company and its regulator show. "

Actually a more appropriate description of these actions by a President of the New York Fed might be treason.

trea·son (trē'zən)
n.
  1. Violation of allegiance toward one's country or sovereign, especially the betrayal of one's country by waging war against it or by consciously and purposely acting to aid its enemies.

  2. A betrayal of trust or confidence.


Origin:
1175–1225; ME tre(i)so(u)n < class="ital-inline">traïson< class="ital-inline">trāditiōn- (s. of trāditiō) a handing over, betrayal. See TRADITION


1. Treason, sedition mean disloyalty or treachery to one's country or its government. Treason is any attempt to overthrow the government or impair the well-being of a state to which one owes allegiance; the crime of giving aid or comfort to the enemies of one's government. Sedition is any act, writing, speech, etc., directed unlawfully against state authority, the government, or constitution, or calculated to bring it into contempt or to incite others to hostility, ill will or disaffection; it does not amount to treason and therefore is not a capital offense. 2. See DISLOYALTY.


But don't worry what I think about all this. What do you suppose men, real men like Washington and Franklin, Jefferson and Hamilton would think about this? You think they're rolling in their graves right now? Based on past actions of these Founding Fathers of this great nation, one might glean a very good idea what these same men would be doing now were they among us today. Suffice to say buying stocks and watching American Idol would not be among them

Back to this, groomed from birth, scumbag named Geithner. He is just one of the the faces of the underlying disease that infests this great nation. A disease personified by thugs named Rubin and Summers, Greenspan and take your pick of a senator. We are now nation that was once one made of laws that applied to ALL and hard work which has sunk to a lawless, looting entity of influence peddling, bribe taking, surrounded by just-as guilty-so-sweep-it-under-the-rug self policing committees.

Actually I think the founding fathers would be more ashamed of the rest of us (the masses) who sit here and take it. Yes, ashamed and heart broken over the spineless state of us all. There has been a coup d'etat dear readers by the bankers and financial elite. It has happened. It was orchestrated and executed right beneath our collective noses.


I will finish leaving you with a couple of quotes from Patrick Henry, one of the lesser known Founding Fathers of the country, who is responsible for the famous quote we all know "give me liberty or give me death".

"The liberties of a people never were, nor ever will be, secure, when the transactions of their rulers may be concealed from them."

Seems appropriate for our current times, no? Well, how about this one;

"Bad men cannot make good citizens. A vitiated state of morals, a corrupted public conscience are incompatible with freedom."

Patrick Henry, American colonial revolutionary


Good speculating to you all and please remember to never forget that "an investor is a speculator who made a mistake and will not admit it".


Open Positions:
Long 1 unit Direxion Large Cap 3X Bear ticker BGZ @ $19.34
Long 2 units Direxion Small Cap 3X Bear ticker TZA @ $12.06
Long 1 unit Direxion Emerging Mkts 3X Bear ticker EDZ @ $6.05
Long 2 units Direxion Financial 3X Bear ticker FAZ @ $19.65
Long 2 units Ultrashort Xinhua China ticker FXP @ $8.49
Long 1 unit Ultrashort Real Estate ticker SRS @ $9.82
Long 1 unit Direxion Tech 3X Bear ticker TYP @ $10.68
Long 1 unit US Dollar Bull ticker UUP @ $22.52 stop @ $21.97

2 comments:

Anonymous said...

No stops now? You risk becoming an investor.

Harleydog said...

Trying to balance bending a rule for now. Bu yes, your concerns on my behalf are duly noted. Thank you.