Pure Comedy

[nortonburgess]

Unfortunately I got caught up, like many of you in the bullshit speak of "brokers". Bear in mind these people are not licensed and most likely either are headed to jail for fraud, or sitting in their den trying to figure out how to pay the mortgage.

MT 760's, secret agreements, leveraging in-ground assets, account holds, "bullet trades", "trade platforms" with 1 year and a day cycles, humanitarian projects..... I could go on and on.

If a high yield program existed anywhere on the planet ask yourself this one simple question - why is the US Government so deeply in debt? Why is the EU on the verge of collapse? Even better, why is Bernie Madoff in prison from running a Ponzi scheme when all he really had to do was jump on here, talk to one of these uneducated comics and hand over a few hundred million for a quick payoff? I mean, the HSBC trader in Hong Kong - someone here knows "him" right? Or is it the London guy..... I can't remember.

People move on. There's no high yield, secret trading platform in Switzerland handing out 1,000x a month on your 1m, MT 760 leased POF.

And no, I'm not some plant from the Fed here to disseminate disinformation because this is a top secret thing that only 5 people are connected to in the world. Good lord.

[David Cheever]

Had 5 minutes to spare and out of boredom you came up with this commentary? Nothing on TV today?

[sulevss]

Unfortunately I got caught up, like many of you in the bullshit speak of "brokers". Bear in mind these people are not licensed and most likely either are headed to jail for fraud, or sitting in their den trying to figure out how to pay the mortgage.

MT 760's, secret agreements, leveraging in-ground assets, account holds, "bullet trades", "trade platforms" with 1 year and a day cycles, humanitarian projects..... I could go on and on.

If a high yield program existed anywhere on the planet ask yourself this one simple question - why is the US Government so deeply in debt? Why is the EU on the verge of collapse? Even better, why is Bernie Madoff in prison from running a Ponzi scheme when all he really had to do was jump on here, talk to one of these uneducated comics and hand over a few hundred million for a quick payoff? I mean, the HSBC trader in Hong Kong - someone here knows "him" right? Or is it the London guy..... I can't remember.

People move on. There's no high yield, secret trading platform in Switzerland handing out 1,000x a month on your 1m, MT 760 leased POF.

And no, I'm not some plant from the Fed here to disseminate disinformation because this is a top secret thing that only 5 people are connected to in the world. Good lord.

I do not agree with You,but in the same time I will not start to argue about it.

[PMarinton]

Stay away from those that use terms like "PPP", "Trade Platform", "Trade Programs", used on this site and in the respected threads...

What is real is this ISIN: XS0302868475 which is a 10 Year MTN issued by HSBC maturing 05/30/2017. Currently it is trading above 98.

If the entity you are dealing with does enough volume with the banks issuing these instruments, they are able to setup a structure (platform) that allows to by these instruments at a discount....500-1000 basis points (5-10%) under trade value, you cycles those few times per week and your making great returns. This is extremely difficult to arrange as you need institutional licenses and bank involvement....

[straight Shooter]

It's been awhile since I've posted here, as, sadly, I've found very little on this site worth weighing in on of late.

However, I am always game to comment on posts by certain individuals who may be otherwise intelligent, but whose misfortunes in this admittedly highly precarious area of finance have left them bitter and mistrustful, but also misguided. Mr Burgess is one such individual. I share the following so that he and others of a similar mindset may benefit if they are still open to it.

Without getting into specifics, here are a few crucial points that need to be understood in the aggregate when discussing this world.

1. The argument that bank trading could not exist because the profits would pay off the national or world debt is very wrong-headed. First of all, bank trading most certainly does exist, and at the top levels, yes, the earnings could absolutely retire all kinds of debt. But you must understand, the whole banking system revolves around debt. The central banks of the world DO NOT WANT THE DEBT PAID OFF. This is how they make money, and don't kid yourself that they are truly concerned that our debt is growing ever higher. Sadly, it's actually just the opposite. Those instruments they buy and sell are DEBT INSTRUMENTS. Money doesn't make the world go around--debt does. It doesn't matter which brokerage house or nation collapses and reorganizes next week, the system has always been this way, and will always be.

2. Finding a real trade group is like looking for a precious stone at a costume jewelry party, in that unfortunately, 99% of the "offers" are fake, or worse, out and out scams. But don't think for a minute that what they're imitating is not going on successfully all over the world with a small, elite group of bankers, trusts, foundations, and high net-worth individuals.

3. Most people attempting entry into this world as a broker without some kind of birthright or nepotism will spend a number of years without success, and may never achieve it. Only a very few have the patience, wisdom and fortitude to be successful.

4. It's not meant for everyone, and never will be. Again, it's just the opposite. Arguments like, "if this were true everyone would be doing it," are hopelessly naive. This is not and never will be an egalitarian enterprise. It is the oligarchy that is our core financial infrastructure. Your choice as an individual is simply to decide whether or not to engage in it. But invalidating it all as myth because of empirical negative experience will only assure more of the same outcome, and is thus, in and of itself, a worthless undertaking.

[sulevss]

It's been awhile since I've posted here, as, sadly, I've found very little on this site worth weighing in on of late.

However, I am always game to comment on posts by certain individuals who may be otherwise intelligent, but whose misfortunes in this admittedly highly precarious area of finance have left them bitter and mistrustful, but also misguided. Mr Burgess is one such individual. I share the following so that he and others of a similar mindset may benefit if they are still open to it.

Without getting into specifics, here are a few crucial points that need to be understood in the aggregate when discussing this world.

1. The argument that bank trading could not exist because the profits would pay off the national or world debt is very wrong-headed. First of all, bank trading most certainly does exist, and at the top levels, yes, the earnings could absolutely retire all kinds of debt. But you must understand, the whole banking system revolves around debt. The central banks of the world DO NOT WANT THE DEBT PAID OFF. This is how they make money, and don't kid yourself that they are truly concerned that our debt is growing ever higher. Sadly, it's actually just the opposite. Those instruments they buy and sell are DEBT INSTRUMENTS. Money doesn't make the world go around--debt does. It doesn't matter which brokerage house or nation collapses and reorganizes next week, the system has always been this way, and will always be.

2. Finding a real trade group is like looking for a precious stone at a costume jewelry party, in that unfortunately, 99% of the "offers" are fake, or worse, out and out scams. But don't think for a minute that what they're imitating is not going on successfully all over the world with a small, elite group of bankers, trusts, foundations, and high net-worth individuals.

3. Most people attempting entry into this world as a broker without some kind of birthright or nepotism will spend a number of years without success, and may never achieve it. Only a very few have the patience, wisdom and fortitude to be successful.

4. It's not meant for everyone, and never will be. Again, it's just the opposite. Arguments like, "if this were true everyone would be doing it," are hopelessly naive. This is not and never will be an egalitarian enterprise. It is the oligarchy that is our core financial infrastructure. Your choice as an individual is simply to decide whether or not to engage in it. But invalidating it all as myth because of empirical negative experience will only assure more of the same outcome, and is thus, in and of itself, a worthless undertaking.

You has put it up very nicely.Since inglish is not my native language and I have some restrictions from a bank,I can not add anything to it here.And I agree with Your post.
Today(12.03.2012) I once more came across Your comment and must say,that it is the most brilliant comment about PPP issue.

[dalton]

LOL Nortonburgess, you ole government mole you.. I bet they're paying you 1000x your taxes paid arent they? !