Ponzi Was a Piker and 'The Recovery' Fell Off the Back of a Truck
Now the 'old' mob was very shortsighted. They made their mark in booze and shakedown schemes and shunned the 'er, pharmacheuticals, as too dirty; can you believe the naivete? With the new big dogs, the DC 'family', nothing is too dirty.
You can forget that guy in a cave with the long beard and his 150 Al Qaeda henchmen; and forget those pipelines down from the 'Stans, oil is so 20th century, we're in Afghanistan for the 'horticulture'. Pipe dreams are the future. Remember this, pal; and follow the dough.
To spare any stumbling over esoteric language we go to Wikipedia, the free encyclopedia, which is always right, well always handy:
A racket is an illegal business, usually run as part of organized crime. Engaging in a racket is called racketeering
And from the horse's mouth, the words of the most honest and forthright gangster of them all, Major General Smedley Butler, USMC, twice winner of the Congressional Medal of Honor:
"I spent 33 years and four months in active military service and during that period I spent most of my time as a high class muscle man for Big Business, for Wall Street and the bankers. In short, I was a racketeer, a gangster for capitalism.
...from " Common Sense"
Even the best schemes sometimes get sandbagged and this one is in some danger. We learned from Mr. Ponzi how simple it is to run a profit if the money comes in from the next sucker and that the trick is not to run out of suckers. Now the DC 'family' has a world of suckers out there and is in the printing business to make it look legit. This racket has been working real good until now. But there's always a spoiler. What's a legit counterfeiter to do?
This time it's a hedge fund. A good one, can't find any dirt, drat. These chumps could spoil the whole deal. They will sell you shares for gold! and get this, redeem them for gold too! Talk about rackets. Who would take our phony dough...oops, coin of the realm, reserve currency, mighty dollar, etc.etc. with this kind of unfair competition? Give me a break.
Just when we had the marks salivating for the 'recovery' that ISN'T COMING, at least in any recognizable form, these characters threaten a perfectly good scam. The nerve! Maybe the poor slobs will recover something after all. Damn. Damn. Damn.
What Goes Around
1 year ago
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