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You are right, so maybe they only have 10% of the money, it's still a good deal for some of these guys. Bankrupcy to millionaire in a few easy steps. The fellow on trial had a huge place in Nicaragua so he got some margareta time in as well. The key is the ready explanation "Ponzi scheme"...

Are you threatened by posted opinions of other traders? Opinions are just opinions. I agree with adapt or die but most beginning traders assume the problem lies with them. That may be true sometimes, but it is not always true today in my opinion. Your prescription is accurate, but missed the...

They do have a clean getaway. They use the court system. It exists to protect the rights of the guilty. I thought long and hard about why it is called a ponzi scheme. I realized that this means nobody has to explain where the money went - its gone always! The media has trained people not to...

This is the truth and it is going to get much much worse before it gets better I predict. Props will not save you, I have heard stories of woe from them as well.

Isn't voting democrat also considered a disability these days? Seriously, I did some research to figure out where the people falling off the 99 weeks of unemployment were going. There were two places and one of them was disability. The numbers were quite clear if one looked for them.

Or is it perhaps because there is no one else to loan money to?

I have been locked out of my computer for two days due to incredibly slow internet. I eventually had to get to low level commands to flush the winsock and ip and dns caching and I can work again. For how long, who knows. Java, Internet Explorer, Win 7, adobe etc. have been upgrading like no...

Just think only a week ago, accounts over 100K were safe as well. Today they are not apparently. If fractional reserve worked so well, what happened in 2008 when liquidity disappeared? Why did the FED and governments react and why is there unemployment? Didn't they know that "even then no...

Politically, it's common to ramp up the fears of a 75% haircut and when they vote, it ends up being really only 40%. The people wipe the sweat off their brow and praise the politicians. It's a darn good thing, one can only die once, or they would make you pay over and over again forever...

Aren't there counter-parties exposed to Cyprus bank debts that will get hit badly? Could they take 100% of the money and it's still not enough to stop the capital flight? Other European countries watching this fiasco are not stupid and this is a pretty small hole to fill.

Capitalism can't function well without a sound legal system. When lawyers get corrupted, then real societal problems happen. It seems these days illegality is in the eye of the beholder or lobbyist or the government official. I worry more about the common people who have nothing to do with...

Absolutely true, but remember that the big trading partner for China is Europe (in Euros), not the US. That is the sideswipe of the US policy at China. I think China fought back using commodities but that appears to be over for the moment. The main war is among the big three currencies, Yen...

Isn't Japan already in an all-out currency war with the Euro?

If we fight each other, then those that make these messes get off scott-free don't they? I would guess that this is one of the purposes of propaganda.

What does the EU government think that people in France, Italy, Greece and Spain think about this whole situation as they watch it unfold? Is the news being reported? Do they think it will not happen here or something? I am not surprised the EU backtracked (a little anyway) but I am quite...

In general: Socialism has a politically connected core ruling and making decisions for the masses. The theory is that everyone is exactly equal and gets the same amount of goods and services. State owns private assets and plans the economy. The masses are controlled by media propaganda and...

Socialism and Capitalism are pretty similar. An elite controls the masses. The difference is who gets to be in the elite and how they control the masses.

Notice that when the "world ends" in Cyprus, the politicians ensure they still get their holiday pay and time off. I predict they will reverse their position before the banks open for business. Some other country - Germany or the US will cover the 10% payment. In a world parched dry by...

I would like to think that this is true, but based on observation in the past decade or so, I'm not that confident. All they need is spin and TV talking heads. We all line up like sheep for an imagined threat, government bankrupts the economic system, we all know they will never pay the...

Who is next, the Cayman islands? Perhaps a 10% seizure and let them claim it back will show those who have legitimate claims and those who will let it go as a business expense.