Get Rich Slick

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I’ve noticed a disturbing new trend with some PF Bloggers - the deletion of dissenting comments to skew the discussion in favor of the authors point of  view.   I’m not going to name names and it’s a free country and PF Bloggers can censor their blogs in any way shape or form they please but it’s becoming a new trend that I find troubling.

I’ve stopped posting comments on other people’s blogs a while ago when I found some of my comments were being deleted for no apparent reason other than they posed an alternative (opposite) view to that of the author.   I now post rebuttals to things I disagree with on my own site and link back to the original article.  My policy is to not delete or alter comments except for removal of spam or profanity or extreme circumstances.   I’ve often had people post comments that didn’t add to the discussion but I didn’t delete the original comment nor do I redact statements made by people even anonymous trolls.

This is also a primary reason I don’t have ads on my blogs, bloggers become “slaves” to the income from their “masters” and anything that interferes with the master/slave income relationship (i.e. reader comments) becomes a target for deletion or redaction.  It’s all very sad but it’s ultimately the readers choice to continue reading blogs guilty of this activity.

Money does things to people and sometimes that means evil profits……

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In an unprecedented move, President Bush announced early this morning that he is requesting Congress approve the sale of Alaska back to Russia in exchange for 200 million barrels of oil and $500 billion in cash to shore up the US Government’s balance sheet and pay for the Freddie and Fannie bailout. “If Russia don’t want it back, we’ll ask the Chinese” said President Bush when asked what he would do if Russia didn’t agree to the terms.

Hey, it’s a fallacious Friday……

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With Bennigans and Steak & Ale going under recently and StarBucks closing down 600 stores I can tell you which chains will likely fall next: Yum restaurants.   The past couple of weeks we’ve eaten at Pizza Hut and KFC and the food has been absolutely horrible.

I’m not sure if the spike in commodity prices have forced these eateries to use cheaper ingredients but the food has turned horrible.   We ate KFC this weekend and the oil used to fry the food must have been re-used for the 10th time or they’ve switched to something else to fry their foods with lately.     Last week, we had pepperoni pizza from Pizza Hut and the pie tasted horribly.

What’s going on with these restaurants?    I don’t eat fast food that often so whenever I do eat at these places the food seems to get worse and worse.    Because of the poor quality of the food we won’t eat there for a long while and I’m guessing we’ll be reading some type of announcement of x number of stores closing over the next few months.

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UYG is moving up on my list of favorite ETFs. The financial market has been battered by a hurricane of bad news and Uncle Ben has flown in with his helicopter to save the world. If you look at the August in-the-money strikes for UYG, you’ll find that they are trading for 10% premium which is phenomenal (click image below) in an ETF covered call play.

The big question is risk as the SEC short selling rules only will be extended about 30 days max (or at least that’s the theory). If more banks have runs then UYG will completely fall apart as it is a leveraged financials ETF.

What to do….what to do!

Taking a look at the top holdings, it looks almost like a sure bet with the SEC covering most of the major players inside the ETF.

(click image)

What to do…..what to do?

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The spam has gotten so bad on my blog that I’m now forced to start blocking a huge range of addresses.   What is irritating is that spam never actually makes it to the point where people read it (or spammers benefit) but I do have a great deal to clean up.

I did some research and much of my spam is coming from Chicago via a company called FDC Servers.net.  Here is the WHOIS record:

OrgName:    FDC Servers.net, LLC
OrgID:      FDCSE
Address:    141 West Jackson Blvd, Suite 1135
City:       Chicago
StateProv:  IL
PostalCode: 60604
Country:    US

ReferralServer: rwhois://rwhois.fdcservers.net:4321

NetRange:   67.159.0.0 - 67.159.63.255
CIDR:       67.159.0.0/18
NetName:    FDCSERVERS
NetHandle:  NET-67-159-0-0-1
Parent:     NET-67-0-0-0-0
NetType:    Direct Allocation
NameServer: NS3.FDCSERVERS.NET
NameServer: NS4.FDCSERVERS.NET
Comment:
RegDate:    2004-10-12
Updated:    2006-12-27

OrgAbuseHandle: ABUSE438-ARIN
OrgAbuseName:   ABUSE department
OrgAbusePhone:  +1-312-913-9304
OrgAbuseEmail:  *****@fdcservers.net

OrgNOCHandle: NOC1402-ARIN
OrgNOCName:   Network Operations Center
OrgNOCPhone:  +1-312-913-9304
OrgNOCEmail:  *******@fdcservers.net

OrgTechHandle: PKR5-ARIN
OrgTechName:   Kral, Petr
OrgTechPhone:  +1-630-729-0228
OrgTechEmail:  *****@fdcservers.net

If you’re in Chicago and can’t reach this blog then I’m sorry but I waste too much time cleaning up your spam Chicago.

In case your curious how to block spammers to your blog, there is a file called .htaccess which resides in the web directory of your site.   Editing this file with the following lines will block specific IP addresses:

order allow,deny

deny from 67.59.0.0  (this will block the entire 67.59.x.x range)

allow from all

That’s pretty much it.  This will block everything coming in from those IPs and in my case, spam.

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A lot of people are concerned about the subprime mess and global markets seem to be panicking about the whole “bad home loans” fiasco but let’s face reality here, everyone has been profiting from the Fraud.

Let’s take a look at the big profiteers from the housing fraud scam scheme.

1. President Bush - Yup, that’s right the President and politicians benefited from the housing fraud. I distinctly remember Bush bragging about how 70% home ownership was his doing because of the wonderful economy he single handedly created during his tenure as prez during 2001-2004.

“Thanks to being the most productive workforce in America, and I might say, thanks to good policies, this economy is strong and it’s getting stronger,” Bush told supporters.

Noting that 68 percent of Americans own their own homes, Bush said, “Home sales were the highest ever recently. That’s exciting news for the country.” -May 5, 2004

2. The Realtors scored big with commissions and loan kickbacks. Who cares if numbers were fudged a little, a 6% commission on 200k means 12k in commissions.

3. Loan Brokers scored big with commissions and fees on mortgage loans.

4. Banks scored big with more fees and selling bundled loans (e.g. CDO’s, ABS’s) to investors.

5. Investors initially scored big with year over year returns above 20% when the ponzi scheme was building up.

6. Workers scored big with abundance of jobs, bonuses, raises. Even the illegal immigrants scored big with all the construction work!

I could go on but I think you get the point of who’s been profiting from evil: EVERYONE. It’s usually like that with almost anything evil; a few initially profit, more join the club then the whole thing comes tumbling down when it reaches critical mass: EVERYONE.

Here’s a hint for everyone…As the current administration comes to an end, which industries’ profits will start to slow down to a crawl? Which industries profits will drop like a rock if Democrats are elected to the Executive office? Which ones will shoot up?

I’m working on the modifications on my ETF-Cashinator as you read this to take advantage of the potential changes. A few will profit initially, more will graze on the field then by the time EVERYONE is on the stampede, I will have moved on to greener pastures. I’ll keep you posted.

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Have you ever wondered what would happen in the US if everyone had an MBA?  As we enter another election cycle, the politicians are all busy pounding their chests telling everyone that they vow to give us the best education catch phrases like “leave no child behind” or “it takes a village to raise a child” this year.

I’m going to run through a hypothetical scenario and tell me what you think.   Let’s assume politicians actually commit to providing money to get each kid in school right now through to MBA graduation.  Every kid in school right now from K-12 gets full scholarship to college and they all complete an MBA program.   Every year, 1 million kids graduate with full MBA credentials from 2008 through 2027.

Now for the million dollar question, What happens?

I immediately can tell that not all of them will necessarily garner high wages.  I know a few MBAs (mostly government/educator types) that don’t earn more than $60k/year.   What would happen to everyone else though?  Would an MBA program be worth anything?   Is it worth anything now?  Do we become a better society if everyone achieves this level of education?

We’ll never know the answer to those questions because there is too much vested interest in keeping people ignorant for profit motives.  Politicians profit from ignorance by spewing all sorts of nonsense and inciting people to donate money to their cause to “keep the other side from destroying America” and the ignorant just eat it all up.
I’ve been hearing the doom-and-gloom-end-of-the-world rhetoric for decades now and nothing ever seems to happen.  The world was going to end because of hippies in the 60’s then the drugs of the 70’s were going to do us all in, then the 80’s cold war, then the 90’s Iraq War & Dot com bust were going to end us all.  Now it’s all about terrorism, the housing bubble, weak dollar, China, global warming and a few other things which will cause the world to come to an end sometime next week.  Bad things do happen, and they will continue to happen but that’s the nature of a chaotic planet & universe.

But it’s not just politicians that profit from ignorance.  Bank regularly take advantage of clueless consumers as do advertisers, professionals such as doctors and lawyers, and almost any other job that requires higher education or specialized skill;  Almost EVERYONE has something like this and EVERYONE profits from it.
I profit from ignorant options traders and I make no apologies for it.  I sell options to suckers…err….I mean investors that, on average, are 80% likely to expire worthless.    I’ve made over $10,000 in the last year and as I finish the final tweaks on my ETF Covered Call investment strategy, I’m getting ready to use credit card arbitrage money to rake in exceptional returns on top of the money I’m making now.  It’s all about layering profits upon profits upon profits.

If you’d like to see how I’m doing it, click on over to http://www.etfcoveredcalls.com where I’ll be posting my gains, losses and strategy tips.  Later this evening, I’ll power up the ETF-Cashinator and post next months hottest high yield ETF Covered Calls.   Take the first step towards escaping ignorance by clicking the link.

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