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Tuesday, August 28, 2012
Destroying Internet Freedom by Taxation
Government taxation is as old as the first brute using force to steal from those intimated by threats. So why should
it be any different for the internet? In today’s political environment of choosing winners and losers, the rush to tax
online sales is gathering steam. Everyone feels the presence of the Amazon behemoth. Retail outlets like Best Buys are rethinking
their business model in order to compete. States are eager to tap the flow of transactions with a sales tax that would cost
consumers dearly. The issue of "so called" fairness is the argument that bureaucrats love to hang their hat on.
So who makes the valid case for exemption or inclusion? Read the entire article
Tuesday, August 21, 2012
The MF Global Magical Mystery Tour
It is impossible to make up a fantasy tale that rivals the manifestations of the outlandish MF Global scandal. The evaporation
of customer’s monies into an intentional off shore stash is tragic enough, but the indignity of allowing "no consequences"
for a horrific crime against all investors is inexcusable. Jon S. Corzine is a fraudster that screams out for the gallows
of justice. The manner of fleecing the public by Wall Street crooks has a clear distinction. Corzine walks while Madoff serves
time. The original "Magical Mystery Tour" was a precursor of today's reality TV shows. Corzine’s version is
more a "House of Horrors". Read the entire article
Tuesday, August 14, 2012
Goldman Sachs Above the Law
5:36 am edt
Tuesday, August 7, 2012
Financial Algorithmic Trading
Once all the rage was arbitrage trading. High frequency trading then became the catchphrase. Now the latest scheme to
insert financial nanotech - rage against the machine – practices called algorithmic trading created an automated loss
of historic proportions. The Knight Capital calamity gave rise to rogue mathematics gone amuck. What a surprise! Removing
buy or sell decisions from human hands is the quickest way to destroy a company that took years to build. How the euphemism
“TRADING” applies to the upheaval of computerized speculation, could only make sense in the weird world of Wall
Street accounting. Read the entire article
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