Finally someone gives a cogent explanation on the truth about the bank TARP repayments.  All of the chatter on TV and misleading BS from the administration on how the banks have just about paid all of their TARP funds back is a crock that needs to be explained to the American people.  Dylan Ratigan is the first journalist willing to stand up and speak the truth.  Below is an excerpt from a recent piece on his show along with a short video.  If you really want to know what is happening to your money as a taxpayer, you need to read this and watch the video.  Then forward this to everyone you know! 

Ratigan:

The president continues to say in public that banks have almost paid Americans back. That is a lie. The fact is the TARP which congress approved is only 2% of trillions of dollars in free money being provided to our banks by the Federal Reserve and our Treasury. The American people know this. They know that they are subsidizing our banking sector. And yet the TARP lie continues to be spread by our politicians. Our problem, Mr. President, is either you don't understand it, which I doubt, I'm sure you do. You don't want the American people to understand it, which would be understandable, although I also doubt that. Or perhaps you are doubting no one will notice all the other support and the big spending from the Fed will make the whole thing go away, which I think is what is really going on. But I am here to tell you the problem will not go away until you actually fix it. You see, we know, the American people know, that the CEOs of the banks turned into casinos, like Goldman Sachs, JP Morgan, Citi and AIG have paid themselves hundreds of billions of dollars building the debt bombs I was just talking about and exploiting the zero percent money from the Fed and the free money they get from the Treasury. The rewards for this go to bankers in the form of compensation, particularly the CEOs who decide how much risk the banks can take. Meanwhile the risks those banks take, ultimately the losses on all their gambling, go to us, the people and are harvested from our labor in the form of taxes. And worse the extraordinary returns offered by the bankers' fraudulent practices are like a black hole for America sucking money that would otherwise be getting invested in our country, but why would I go to the trouble of dealing with the investment when I have a funny money machine legalized by the government that's done in secret at the bank. Adding insult to injury the same giant banks are using the free money access granted to them by the political body to lend to foreign countries that seek to compete with us. The banks do this because it's more profitable for the bank CEOs to lend to them than to go to the trouble to lending to America even if it's coming at America's expense. Why would we, the people, vote for you, the politicians, to do that to us. It's beyond my comprehension and I suspect almost every other American who understands it.

And there you have it. 

Just a quick follow up to JohnJ and his great advice on commodity ETF's.  These trading vehicles are starting to make more and more sense for the self directed trader by being able to diversify your rick across an entire asset class instead of one specific stock.  Enjoy!

Nowadays, many traders are looking to exchange traded funds and are trying to take advantage of these funds because they do, in fact, make for great investment vehicles that can actually deliver a very nice income in many cases. Knowing what makes a good ETF trading strategies, then, will be necessary in order to take advantage. It's also a good idea to know a few things about ETFs first of all.

Exchange traded funds have a lot of things going for them. Their costs are low and their tax efficiencies are very high. They are constituted somewhat like mutual funds in how they are operated by a fund manager.

Imagine corporate stocks and how they are traded or bought and sold and you will have a good idea of how exchange traded funds are also moved through the markets. Almost every exchange traded fund establishes its operations so that it can track one or several of the major market indexes. For example, there are ETFs that track the major indexes as well as specific commodities. There are single, double and even triple levereged ETFs that you can get into from either the bull or the bear side.  This makes it easier to follow trends and set up trading strategies.

There are a huge variety of trading strategies out there when it comes to tracking market movements and then setting up a timed strategy for getting in and out of those markets. Usually, though, all strategies tend to fall into two major categories known as technical and fundamental. Strategists who use technical methods think they can discern shapes and patterns in market movements.

Those traders who are good at picking out patterns and shapes in the movement of markets use stock charts to do so. Income earned can be very lucrative if done correctly. Those movements upwards or downwards can, basically, be timed through analysis and then markets can be exploited by those movements through trading of stocks at the right time.

Probably one of the most ubiquitous strategies when it comes to technical trading is to employ what traders call a moving average cross. These crosses attempt to line up the short-term movements in the price of a stock or a fund and then place that short-term movement over a long-term trendline in the market or the stock.

Once the moving average line can be established, traders then take that line and lay it over the analysis of the short-term movements. This will allow you to pick out the actual movement in the price of a stock or asset such as those held in an ETF byseeing the result after the stock crosses over the moving average line. The second part involves long-term trends, which use a 50 day moving average in order to smooth out the short-term trend.

Employing this strategy, traders can look at trends in the long-term and develop the moving support line. Those who are skilled at this strategy can pick out the right time to buy a stock at the bottom of its upward climb or at the point when the stock has touched or lightly penetrated the 50 day average. One can also use it to sell the stock short in an effective manner. Money is usually made on the margins.


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Rolling Stone published an article from Matt Taibbi in its June issue that is a must read for anyone who has been following along at home.  I have to say I have been following this thing for years and this article is the absolute best - bar none - explanation on how we got where we are today.  If you are at all interested in what is really going on and what caused the financial and debt crisis we are in, you really need to take a little time to read this and spread it around to everyone you know.  Nothing will change until everyone realizes how they have been duped.

The article is accompanied by videos with Matt explaining his research etc.  The article is quite long so you may want to bookmark it or bookmark the page you are on right now so you can go back to it whenever you have time. 

Click here to go to Rolling Stone article