COMMENT: As I’ve just retired, I wanted to tell you that you were framed intentionally because you cost them more than $15 billion+ in losses. You are correct — they blamed you for having too much influence, and they played the NY authorities for fools. They claimed $1 billion was missing and that they didn’t know where it was, without ever explaining how anyone could get $1 billion out of a bank with no trace. The mainstream press still stays clear of you, yet you are widely followed and deeply respected. The FT here just confirmed what you had forecast, and the talk is again that it is all because of your influence.
When Scotty beams you up and your forecasts keep coming true, they will probably claim it was a clone and that you are on some island somewhere. I believe you are also correct that only after you die will they ever acknowledge your contribution to society.
Anonymous
REPLY: I didn’t know how much they lost, I did know between Buffet, Soros, and Safra, that was at least $5 billion. They always judged me by themselves. I also heard the Japanese government was pissed off because the computer had forecast the LDP would lose in 1993 for the first time since World War II. I heard the fabricated the letter to the Fed and then retraced it 13 years later. They too, I was told, blamed me for their loss rather than themselves. for all their attempts to manipiulate a market for their guaranteed trades, they simply blow up. To show their stupidity, they keep trying the same strategy like Netanyahu with his kill the leader and everything will collapse.
I was a pure trader and they were market manipulators trying to bully the market. Just listen to Bessent – “I am the house.” It is that same bravado and the markets will destroy him as well. In case he hasn’t noticed, long-term rates are rising globally. He thinks he can try to scare the entire world pretend he will be the house and then do a tiny $6 billion. I have clients who can sell that to him is 5 seconds or less and hit the bid as many times as he wants.
You cannot beat the war drums and expect rates to decline. If Trump keeps us out of war with Russia, (see Private Blog) let’s the EU self-destruct, then capital inflows will bring US rates down while they rise externally. They try to intimidate the markets and when they ALWAYS lose, they have blamed me assuming I have more influence than they can buy rather than just once, do some self-examination. Just like government, every crash leads to an investigation to find someone in the private sector. As I have said, there ARE NO MIRRORS in governments. Never do they ever consider that just perhaps they may be the cause.
I think when Scotty beams me up, they will still call me a piece of shit. They are incapable of ever admitting a mistake.