THE “GRIFTERS” ARE FACING TOUGH TIMES

“As recorded in the boardroom of a “Grifter” LP bank!”

The poor dears are facing tough times … the meager scraps they pay in interest

for customer deposits can no longer be put in fiat government toilet paper, a/k/a

U.S. treasury debt, and the difference pocketed into their pockets for doing

nothing … so, that’s gone … the use of crypto currency all over the world, and

growing ever larger by the day, makes their antiquated wire transfer bullshit even

more obsolete, so that largess of fees is diminishing … and all that’s left to pay

all the bills of the entire banking sector, including the graft & bribery they pay to

POLS & Apparatchiks, is income from trading … but not “trading” in the

traditional sense where there’s any risk taking … no, I mean “trading” in the sense

of robbing people “a nickel & a dime” at a time and pretending to provide a service

known as being a “liquidity provider” [LP].

And cuz they have a total monopoly on world trading, they have to pay the “vig”

to POLS & Apparatchiks throughout the world … every “Grifter” POL, alphabet

soup regulator, exchange Pooh Bah, and crooked brokerage house exec on the

planet has their hand out looking for a part of the cut … in “normal” times, not a

problem, but these aren’t normal times anymore, first with gold booming and

stocks cratering, thus the customers winning and the banks losing “bigly & yuge”

… well Skippy, somebody has to pay for this, and it sure as hell ain’t gonna be

the Grifters, it’s gonna be everybody that trades going forward … cuz don’t think

for a second the POLS & Apparatchiks are going to take less … nope, not a

snowball’s chance in hell.

Case in point, just look at the scumbag LP response in the crude oil clusterfark

… here comes somebody looking to make a decent and reasonable CFD spread

market in WTI crude oil, and offer a 2 cent bid/offer spread for an oil CFD … how

many hours did it take for the rest of the scumbag “market makers”, and I use

the term loosely, to tell the newcomer, “hey man, WTF are you doing? … you

can’t do this cuz you’re ruining our fat markup on crude trading … people see

this and we end up losing biz cuz of you … you have to join us and make the

spread 11 - 15 cents, cuz if you don’t, well bad things are gonna happen that you

won’t want to see happen, and suddenly the POLS & Apparatchiks won’t be your

friend anymore, cuz what’s happening Skippy, is that when we lose biz, the

POLS & Apparatchiks won’t be able to get their “cut”, and quite frankly that isn’t

acceptable … OK, I see you’ve decided to join the club … great! … cocktails &

weenies with bacon in the JPM trading room at 5 … see you there”!!

So, no mystery here as to why “all of a sudden” that 2 cent spread evaporated

faster than snow on the ground in Death Valley in July … it simply can’t be

allowed cuz the “system” for screwing over retail specs has to be maintained at

all costs cuz 1) the Grifters have to replace capital lost in gold & stock indices,

and 2) the POLS & Apparatchiks have to be paid … you can’t simply set up shop

and compete for biz, cuz that upsets the apple cart.

Ditto over in “Hucksterville”, a/k/a XAUUSD … pay no attention gold traders to

that “Grand Canyon” spread they now demand to play the game … it’s the new

normal cuz somebody has to pay for the gold losses as the FED fucked up and

panicked, thus resulting in a dramatic policy reversal and spiking QE & slashing

rates, and all that paper gold you shorted cuz the FED supposedly had your

back? … yea, they fucked you over didn’t they? … amazing, no honor among

thieves, huh? … Grifters always gotta be “grifting”, so remember that next time

they tell you they got your back! … but, and this shouldn’t come as any surprise,

the financial MSM has no interest in asking why XAUUSD should have a very

large spread to trade unallocated gold held by bullion banks in London … these

LBMA Grifters make the U.S. Grifters look like Girl Scouts … for the last 50 years,

the LBMA bullion banks have been caught in scam after scam manipulating gold

prices, which by the way is well documented, starting with the late 1960’s

London “gold pool” that tried unsuccessfully to keep the bullion price from

rising … that failed scam led Preezy Nixon to abandon the Bretton Woods fixed

currency scheme in August of 1971, and the rest is history … fact is, this latest

scam of very large spreads currently seen in XAUUSD, is nothing more than a

“gold traders tax” you’re supposed to pay so that the bullion banks can get their

money back … hang on a sec while I wipe tears away from my eyes … but, and

remember this, even when they make it back, they’ll more than likely keep the

spread “fat”, cuz why not? 

And of course, while all of the thieving is going on, there isn’t anybody anywhere

that “officially” sees a problem … just yesterday, a CEO of an energy company

asked the worthless & useless CFTC to investigate front month crude going

negative into expiration … their immediate response, right along with the world’s

most corrupt futures exchange is priceless … “there’s no problem, everything is

fair, stop whining cuz you lost money!” … really? … since you responded in

minutes to allegations made by a corporate user who got shafted, how would you

know there’s nothing wrong since you haven’t done “Jack shit” in terms of

investigating his complaint? … you gonna just take the CME’s lame ass excuse?

… in other words, “nothing to see here folks, move along”.

And I got news for those who’ve lost millions upon millions to these scam artists

… you can file all the lawsuits you want and ask for billions, but years from now

you won’t receive any kind of justice, only large legal bills … there’s a reason the

CME is in Murder, Illinois [a/k/a Chicago] … the most corrupt city in the most

corrupt state, protected by the most corrupt judicial system known to man, right

down to the fucking janitor in the federal building who got his job through the

Alderman who is corrupt to the core … any questions? … and who was it that

saw the “Dodd / Frank” legislation become law in 2010, that is responsible for the

loss of hundreds of thousands of jobs in the trading industry, that prohibited U.S.

domiciled brokerage houses from offering CFD’s to U.S. citizens AND residents?

… why none other than Ex-Preezy Empty Suit, who rose to power from where

again? … oh, that’s right, he came from Chicago … see my shocked face that is

shockingly shocked! … you see mi amigos, trading 1 OZ. of spot gold is

dangerous and hazardous, cuz you are a dope and have no idea what you’re

getting into with these LBMA hucksters, and so it’s now against the law for US

brokerage houses to offer it to clients in the U.S. … got it? … but it’s perfectly fine

to open a futures account and trade a 100 OZ contract through “approved”

channels, cuz you know who gets their cut, and if you lose your financial ass, so

what? … see how this makes sense? … of course not, but it’s Ex-Preezy Empty

Suit paying back the Grifters, cuz they helped him grift his way to top Grifter.

So here we are, in the brand new age of grifting, where cuz of the catalyst known

as the CHICOM KUNG FU WUHAN FLU, everything got laid bare for all to see in

March 2020, if only your eyes are brave enough to see it … which brings me full

circle back to trading, and the Asian session every day … “unless you want to

trade either USDJPY, EURUSD, or maybe AUDUSD, it’s a complete ripoff and

waste of time” .. these are the ONLY 3 pairs with normal spreads, everything else

blown to shit by the Grifters … there isn’t a stock index, except H33HKD, that

doesn’t have a GRAND CANYON bid/offer spread, and all of the other FX is far

too expensive to even consider … in this new age of grifting, forget the Asian

session unless you want to trade the Hang Seng … otherwise, come back after

Europe has opened or wait for the U.S. session, and more than likely the

spreads won’t come in much, cuz Grifters gotta be grifting.

In this current environment, there is ZERO chance I’ll be trading gold and/or crude

oil … call me when the gold spread gets back to 15 - 20 cents per OZ., crude goes

back to 2 cents, and both have stayed there for at least a week … until then, all

you’re doing is paying the Grifters to grift … meanwhile VIX & IVIX are being

squeezed out of the financial system faster than this morning’s oranges for juice

… and that means profits for the Grifters, cuz throw in “triple fuck you MAX”

slippage including the fat spread, plus the fact the volatility isn’t there for a large

move, and you had better buy/sell it right or you pay mightily.

You must always remember the #1 rule of trading world markets … THERE ARE

NO RULES … nobody in power anywhere wants to see rules, for obvious reasons

cuz it would reduce their cut of the payola … nobody knows nothin’, nobody sees

nothin’ … as I’ve said previously, JPM has been fined over $10 billion dollars the

last decade for “trading irregularities” … what’s changed? … how come they’re

still in business? … the DOJ calls their trading department in precious metals a

“CRIMINAL” enterprise in court filings … where’s the outrage, where are the

prison terms for top execs? … well, to do that and maybe your “cut” goes down,

and we can’t have that, cuz mistresses got needs don’tchaknow … and with the

new rules for grifting since the coronavirus, shit just got worse.

Millions MORE people unemployed and filing for unemployment, so that can only

mean tulip bulb prices go higher, right? … about 200 index points in the “Tulip

Bulb 30” in 26 FUCKING MINUTES since the jobless claims report … wait, wut?

… no shit “what”, as the world descends further into the abyss of the worst

global depression ever seen in modern times … but hey, no worries cuz the

CNTRL-P machine is on over at the faculty lounge, and the scumbag LP banks

are able to “arb” TRILLIONS in new debt issued by the U.S. Treasury to the FED’s

books and take their guaranteed cut amounting to billions, and while every

normal person in the U.S. suffers, the Grifters are doing OK, and isn’t that the

only thing that matters? … only in this FUBAR trading world of “bizarro” George

Costanza, does any of this make sense … only when viewed through the prism

of “Grifters gotta grift” can it be explained rationally.

Talk about disconnect from reality … one look at today’s money laundering

clusterfark open at the NYSE should be all it takes to convince even retarded

kittens that “Stock Bellies” are a manipulated fucking joke … I can only assume

that the “Tulip Bulb 30” will be at 100,000 just as soon every last person in the

U.S. is either dead from coronavirus OR OUT OF A JOB AND STANDING IN A

SOUP LINE, and the government controls everything … in today’s FUBAR reality

of life in the “police state”, where mothers in a park with kids get arrested for

being there, why not? … did you think I was kidding or being sarcastic when I

said your life will NEVER BE THE SAME GOING FORWARD? … and once all of

the freedoms you take for granted are completely gone, they’ll come for your

wealth & money … COUNT ON IT!

Today’s first hour of NYSE trading an embarrassment to reality, with a 300 point

almost straight up moon shot, that has nothing to do with anything other than

CNTRL-P and the usual bullshit of FED QE propping stocks via the “Plunge

Protection Team” [PPT] … and now the BOJ has announced today UNLIMITED

QE, so there’s that to give cover to the morons at the faculty lounge … “get ready

for $100 loaves of bread … it’s coming faster than you think”!

And it looks very much to me, here in the first couple of hours of NYSE trading,

that the FED has decided via February 2016 “let’s save the oil industry” by

buying crude futures, via one or a group of their “off balance sheet” trading

accounts [probably an IBC or ten in Panama with accounts at Squid or JPM] is

actively manipulating the price of the June crude oil contract … as I said

yesterday, is it not cheaper to buy crude at these levels than shares of AMZN, or

any of the other Gestapo Tech Giants to effectuate your manipulations of higher

stock prices and the belief among the Sheeple that “Everything Is F-ing

Awesome, Baby!”? … if only Goebbels & his crew of thugs could have seen this,

they’d be green with envy at the sheer genius of controlling people’s behavior 

through stock prices … “government rings the bell, and the Gerbils react … who

knew”?

Here at Noon in Gotham, the talking heads will attribute today’s moon shot to

“QE INFINITY” by not only “Peter Pan” Kuroda & crew at the BOJ, but Merkel in

Germany acting on behalf of the ECB as well … nice diversion of the truth to

mask the FED buying oil futures, knowing full well nobody that wants to keep

their financial MSM job will bother to ask them about this, with obvious news out

there that gives everyone plausible deniability … and so the Ponzi scheme shell

game continues unabated and unquestioned until the next time [which is

probably tomorrow].

300+ points up in 2 hours, and now over half of that … Annnnnd it’s gone!, in 20

minutes … “profit taking” no doubt [thank you Bob Pisani, CNBC perma bull

hack] … now comes the drift, and mega bullshit trading conditions.

And at 12:44 P.M. EST, the trading world finds out what happens when you stay

at the “long party” too long and expect a “protective” sell stop to protect you

[“Silly rabbit, tricks are for kids!”] … “down goes Frazier” as somebody decided

that was a good time to release news that the wonder drug from Gilead doesn’t

do shit for coronavirus … and as I have told people for ages & ages upon ages,

if it’s not moving in the direction you want, GTFO now and come back later … cuz

when price stalls in any of the “stock bellies”, and price starts to “drift” [which it

was doing], the scumbag LP’s start to hunt for stops … sometimes in both

directions, and odds are what happens next you’re not gonna like … quite

frankly, if you were somehow long on the way up and didn’t “ring the register”

somewhere up there, you’re a trading idiot … and while there’s nothing wrong for

hanging on a tad too long and suffering some price erosion, it’s quite another

thing to think a stop would save your profits … sure, sometimes it does, but when

it doesn’t, like here today, it fucking hurts twice as bad … well, that puts a whole

new spin on the rest of the day, simply cuz both sides of the order book have

been blown to shit … now what? 

Now comes word that the E.U. porkulus package that was to CNTRL-P machine

QE to infinity and save the E.U. is not to be .. seems 4 countries led by Sweden

have said “no way Jose” … on top of that crude has started to slide at the same

time, now off almost $2 per barrel from the manipulation top … amazing

“coincidence” all this negative shit hits right after the top in equities … why, if I

was cynical, I’d think there was a plan here or something … there seem to be a

lot of “coincidences” lately, huh?

About 90 minutes to go ‘till the close, and with Europe closed, both sides of the

order book wiped out today, all that’s left is bullshit with the usual cabal of

criminal New York banks.

One algorithm buy signal today in DOW30 … TURNKEY PAMM / MAM UP

SLIGHTLY LESS THAN 0.1%

We got multiple buy signals today, problem was that all but one got blown

through faster than a chainsaw through a soft stick of butter … doesn’t do us any

good for me to click the buy button, when for example, price is at 14, the buy

signal is at 25, and I blink my eyes and price is at 34, blink again and it’s 52

… where do you suppose the fill would be at? … right, me neither, and I don’t

want to find out … this market is as treacherous & nasty as I’ve ever seen it

… the problem isn’t gain, the problem is controlling risk, cuz this shit can get

away from you in a heartbeat and cause some real problems if you’re not careful

… and nobody should want that.

Onto Friday, and oh won’t this be fun … until tomorrow mi amigos

… Onward & Upward!! 

Have a great day everybody!

-vegas