Bernie Madoff Archive

  • What do the following have in common? LIBOR, Bernie Madoff, MF Global, Peregrine Financial, zero-percent interest rates, the Social Security and Medicare entitlement funds, many state and municipal pension funds, mark-to-model asset values, quote stuffing and high frequency trading (HFT), and debt-based money? The answer is that every single thing in that list is an example of market rigging, fraud, or both.

    What to Do When Every Market Is Manipulated

    What do the following have in common? LIBOR, Bernie Madoff, MF Global, Peregrine Financial, zero-percent interest rates, the Social Security and Medicare entitlement funds, many state and municipal pension funds, mark-to-model asset values, quote stuffing and high frequency trading (HFT), and debt-based money? The answer is that every single thing in that list is an example of market rigging, fraud, or both.

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  • We have said it over and over, we'll say it again. For all those who for one reason or another would like to boycott the broken markets, yet trade gold in paper form, please understand that all the invested capital is at risk of total loss and can and will be lost, commingled and rehypothecated, not necessarily in that order, with little to zero recourse and the residual claim on liquidating assets pushed to the very end of the queue.

    Aaaand It’s Gone: This Is Why You Always Demand Physical

    We have said it over and over, we'll say it again. For all those who for one reason or another would like to boycott the broken markets, yet trade gold in paper form, please understand that all the invested capital is at risk of total loss and can and will be lost, commingled and rehypothecated, not necessarily in that order, with little to zero recourse and the residual claim on liquidating assets pushed to the very end of the queue.

    Continue Reading...

  • No one will match your personal involvement in your own well being.  You must be an active participant, if for no other reason than you cannot rely upon others.  This is true regardless of their position or supposed expertise.  In all circumstances where you must retain others to further your interests, it’s vital you take an active roll in the decision-making.   Without your aggressive participation, your fortunes are in the hands of fate.  Do not passively defer to others.

    How to Survive in a Hostile World

    No one will match your personal involvement in your own well being. You must be an active participant, if for no other reason than you cannot rely upon others. This is true regardless of their position or supposed expertise. In all circumstances where you must retain others to further your interests, it’s vital you take an active roll in the decision-making. Without your aggressive participation, your fortunes are in the hands of fate. Do not passively defer to others.

    Continue Reading...