Tuesday, December 6, 2016

Capitalism In Its Finest Form

http://www.infowars.com/why-clintons-must-face-justice/ Disaster Capitalism is the name of the game for these skull and bone pirates that are on the front lines of capitalism. With Opec deals making headlines- "To limit the production of  crude oil which means that gas prices go up" this is a good time to state what a great book The Asylum is. Leah Mcgrath Goodman wrote a brilliant book (5 stars) about the NYMEX pit traders. The Renegades who hijacked the worlds oil markets. If anybody wants to know how the oil market really works then this is a must read. These pit traders were ruthless and brutal. They even squared off with the Devil Dogs USMC and won. Jordan Belfort Wolf Of Wall Street meet the Pit Traders of Nymex.These pit traders were even willing to take out their own guys to achieve their overall objective. Apparently Jordan Belfort took care of his own guys but for his own penny stock investors not so much. When dealing with Futures retaliation doesn't happen in the future like it does with the blue bloods of Wall Street. In the pit retaliation happens at that exact moment. Fistacuffs were common place, these guys were evolutions finest form of Darwinism. The NYMEX pit traders rolled up their sleeves and made commodities deals every day even multiple times a day. That is how the derivative futures market roll. Whether its praying for a hurricane to bet on the weather or planning the next country to invade for oil profits this is  what disaster capitalism is all about when trading in the Pit. As the market got a little more advanced changing from write downs to digital screens around mid to late 2000s some people lost out on their chance to make millions when NYMEX went public. Some people only leased their seats in the pit and didn't own them outright so this is what made all of the difference. I always made the argument that Pit environments were as brutal as soldiers on the front lines and these guys actually proved it when the devil dogs came to town. I respect my fellow foot soldier standing next to me and would never want to take him out or stab him in the back that is why I would never make it in the pit. I am too sensitive and mindful but maybe I could hang with some decent training. Maybe we can open up a Free Energy commodities contract division on Wall Street and all follow the principles of Eckard Tolle. We need to get away from our addiction to big oil.   

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