To be followed by 25 more. On Dec. 15, I stuffed all 278 pounds of me into my size 36 Wranglers for the last time. Those are some really tough pants. They very nearly cut me in half that day. I have gained 40 lbs. since I quit smoking a year ago. That's hardly a novelty- having heard that same story from every ex smoker on the planet. At any rate, using a "come-a-long" winch to put my pants on is the kind of thing that motivates me. Instantly, that day, I began the diet from hell. I did not give two shits that Christmas was coming up. When I get determined to do something, nothing stops me. I thwarted cookies, fudge, chocolate, bread, egg nog. So today, I stepped on the scale at the gym. Exactly where I want to be, 262 lbs. I have lost a pound a day. It has not been easy. I forget how much my version of the Atkin's diet on steroids sucks. This is a typical day for me. A glass of V-8 juice, my prescription and vitamins. Go to the gym and burn 700 calories, ab...

If the bankers didn't have an MF Global bankruptcy they would have needed to manufacture one anyway. This is the kind of thing that will turn you into a conspiracy nut. The precious metals slaughter continues. I have a theory. I'd like to turn your attention to one of the biggest banking crooks there is, JP Morgan. In fact, it is primarily JP Morgan that shorts the silver market- selling virtually unlimited puts. Please read this quick story.  http://articles.businessinsider.com/2011-12-21/wall_street/30541472_1_mf-global-vulture-customer-money Now let me explain my theory and premise about the metals markets. First of all, as Turd Ferguson notes, the rush into the dollar and out of the euro has strengthened the dollar. Obviously there is an inverse relationship between fiat money and real money. The dollar against gold and silver. When the dollar strengthens, the metals trend down. When the dollar is printed and inflated- thus weakened- the metals take off. So we have that...

I've been following former New Mexico Governor Gary Johnson for a couple of years now. He is the only conservative that makes sense. I have always liked Johnson better than Paul but unfortunately Johnson was wasting time with the GOP nomination. Johnson is a huge anti tax guy and I don't know of any scandals. He has 6 more years worth of experience running a state than Ms. Palin does and he didn't quit. In fact, he left it with a one billion dollar surplus. Can a third party candidate win? Getting the Frankenstein Government endorsement will be a huge boost to Gary's campaign.  Here's the wiki entry on former Governor "Veto" which all by itself makes him an anti-government and electable sort of guy.  http://en.wikipedia.org/wiki/Gary_Johnson Here's a quick 5 page thumbnail sketch on Gary. http://www.csmonitor.com/USA/Elections/2011/0421/Election-101-Who-is-Gary-Johnson/Who-is-he-anyway The typical mainstream whine goes like this. He will take ...

I snipped this paragraph from the previous piece. This is rocket scientist, Hank Johnson, from Georgia. -Four House Democrats have introduced a bill to eliminate the statutory cap on the public debt. “There’s no reason to have a debt ceiling at all,” said one of the four, Representative Hank Johnson of Georgia. “It doesn’t restrain spending, since the spending has already been committed. It just threatens our credit, and it weakens our country.” It weakens our country? Like Guam? Maybe a weak country inverts, huh Hank? This video of Hank on Guam will live in infamy. How did this moron ever get elected?

This will make sense. I think. Three missionaries got lost during a trip to the Amazon jungle. They were captured by a brutal native tribe. The Chief gave each man a choice. "Death or Boola Boola" The first missionary feared death and figured anything was better than death so he chose "Boola Boola." "Boola Boola!" cried the Chief, as he thrust his spear into the air. The tribesmen all lined up and sodomized the poor missionary leaving him brutalized but alive. The second missionary, who also feared death, was a little less enthusiastic than the first missionary. "Boola Boola" he muttered weakly. Once again the Chief thrust his spear into the air and yelled "Boola Boola!" That missionary was left in the same state as the first one. The third missionary was the proudest of the trio. He was pure and defiant. When the Chief gave him a choice, "Death or Boola Boola" the third missionary straightened up and looked the ...

Outrageous left the building in late 2008. Completely bat shit crazy took it's place. http://www.nytimes.com/2011/12/28/us/politics/obama-to-ask-for-1-2-trillion-increase-in-debt-limit.html Seriously, does anyone think we are going to pay this back?

I am a happy member of the U-6. http://portalseven.com/employment/unemployment_rate_u6.jsp It had been 80 years since the bankers plunged us into a depression. I suppose we were over due. The bankers lobbied hard and bought the best politicians they could in order to get the controls lifted. It worked. Maybe this time would be different, the bankers thought. The only thing different this time around is our abject failure to collectively call this what it is. In 1929 we called it the Great Depression. This time we call it the Great Recession. The only difference is that we haven't re-installed the controls. Or plotted a solution. It is a mess. And we have an idiot for a leader. "President Talks a Good Game" but never brings one. So here I am. A grain of sand on the beach. Mr. U-6. Call me a pessimist but I always plan for the worst possible outcome. That is to say, when I buy equities, silver, a house, or a car I always ask, "What is the worst thing that could...

This year's Christmas activities are taking place in prison. No, not really. I am in Leavenworth, Washington. A gorgeous place.  http://www.leavenworth.org/modules/pages/?pageid=190&path=32|190#id=webcams&num=6 My sister's husband is from here. We are about 20 miles from Wenatchee. The town of Leavenworth has at least 12 million Christmas lights hung in the center of town. There is a little snow and ice. Last night we watched kids sliding down a hill in the center of town. It was fun watching them. They looked like park rats. So about ten of us are invading.   We are staying in a beautiful home over looking the Wenatchee River. This is my brother in laws'-father's home. I am writing to you from my couch, inside the deck, overlooking the river. I am the only one up. This may have something to do with the 9 gallons of beer and wine that was consumed last night. I do not miss those mornings. I do miss those evenings a little bit. I managed to cling to my...

I am absolutely sick of politics. Of the media. Of political blogs. Herman Cain- Cheater. Mitt Romney- Mormon hustler with questionable business practices. He and his staff stole every hard drive from their offices before vacating the Governor's gig. (He's the cinch guy. They'll go easy on him.) Newt Gingrich- Serial cheater and asshole. Ron Paul- Racist newsletter writer. They had to dig that shit up from over 20 years ago- when All In The Family re-runs were still on. Sarah Palin- Dumb ass. Part time governor of Russia. Do you know why the media hasn't attacked anyone else? Because everyone else is largely irrelevant and not worth wasting the time on. Had these media assholes done 1/2 the hatchet job on Obama that they've done on every GOP candidate, I'd think they were credible. As it stands, I still think they are absolute cowards and corporate lap dogs. Irresponsible pussies. Because of them, we have this golfing idiot , I mean 4th best Presiden...

-It's a curious thing in a material sense. The people who die fighting don't have much to lose. The people with everything to lose- don't die fighting. The trick is getting someone else to do your fighting for you. The haves are careful to call the have nots... patriots.  Time and time again, I see people confused by the subtle differences of nationalism and patriotism. The terms are not interchangeable and do indeed- define two different belief systems. Belief systems are opinions. It is important to make that distinction. Nationalism tends to be blind loyalty to the state or political entity. Patriotism tends to be loyalty to a country, culture, or concept such as freedom. It does not require blind loyalty to a political body or entity. The "Patriot Act" should have been titled the "Nationalist Act." That type of accuracy might have raised some eyebrows. The definitions are blurry and confusing because the state likes it that way. Those subtle...

The great thing about having your own blog is that you can write about any damn thing you want. So today I thought I'd take a rain check on government hating. Deviate into masochistic dieting with a little history. My diet history began after the summer of '07 and a U.S. tour via motorcycle. I ate and drank very well on that trip. You can hide a little extra weight at 6'4" or so. But there are limitations. Sooner or later things get a little squishy. In early November that year, I jumped into my Jeep and headed back to New Orleans for the winter. All 300 pounds of me. I was about to launch a weight loss mission. By Christmas of that year,  I weighed 218 pounds. I had lost 82 pounds in something like 55 days. From size 40 to 34. I could even fit into a 32 waist without too much struggle. I have told that story a few times. Very often people think I am full of shit or at least exaggerating and they have told me that. Losing weight in dramatic fashion is not easy, but...

A "healthy" two headed baby boy. My mind goes numb with the possibilities. What is your IQ Mike? Well, it's 107 and 129. http://news.yahoo.com/blogs/sideshow/healthy-two-headed-baby-born-brazil-192245708.html

Who knew? Just after Halloween this year, I went shopping at Home Despot. Home Despot and I are well acquainted. While doing my eternal home remodel this spring and summer, employees greeted me each and every day. For weeks. They called me by my first name. Some called me other things. So it was in early November- that I did the unthinkable. I was exiting the lawn and garden area and heading to the cashier. A cashier at Home Despot is required to stand in front of their till if they are not doing anything. This is how corporate America gets it's money worth. At any rate, there is this cute gal standing in front of her till like a good soldier. I know if her line is empty that there cannot possibly be one straight man left in the joint. I hit the rocket boosters just a touch... and out of my peripheral vision I spotted the snow shovels. Shit. Last year, we had this wintery surprise attack in Boise. A storm dumped 6 to 7 inches of wet and nasty snow. I do not particularly care ...

Lets face it, the GOP sucks. Their list of buffoons and old dead money players- shrinks weekly. I am now waiting for Sophomore Governor and quitter Sarah Palin to come riding in and try to save the day. And as bad as the GOP sucks, we all know that the central planners suck even worse. What a nightmare. Just when you think it can't get worse- it does. Ron Paul who is shredding GOP plans in Iowa and New Hampshire- has to go and try to defend Bradley Manning. Manning of course, has already been proven guilty by the press. Thus the marginalized GOP, already on life support (Ace of Spades) is just waiting to pounce all over something like this. And they did. Sometimes Dr. Paul, can you just stop and think before you open your mouth? The smear starts at the second word in the body of this piece. Defending the indefensible. Homosexual. Cross dresser. Awful. *Roll eyes now. Canadian Free Press. http://www.canadafreepress.com/index.php/article/43373 I am voting for Gary Johnson and...

Waiting since Mar 7. And I'll be damned if Issa refused to name the latest four bribe takers. Let's hope we don't have to wait until after elections to get their names. http://www.politico.com/news/stories/1211/70629.html

For a couple of years, I have been listening to slanderous claims of racial bigotry and other various  accusations lodged against Ron Paul. I never could source them and I could not research or evaluate the claims. I even read some Jewish blogger's hate filled rant about how Ron Paul hates Jews because he wants the Israelis to start paying their own costs of war without American aid- thus by connotation and assumption- the conclusion is in. Paul is an anti Semite. Surely there is no other explanation, no plausible deny-ability. In the new America, we condemn and judge without due process. You do know that FEMA is building camps, don't you? So what I am about to say- most of you know. I am a Ron Paul supporter. What I am not, is some media lap dog who in my fervent desire to get a black man elected President- covers up all that is potentially bad about the man. I do not practice contempt prior to investigation. Hell, I even read the Huffington Post for intelligence gathering...

If Ron Paul had just gone away like he was supposed to- the big media outlets could have said, "see we told you so." Just when the media thought they were in control of elections and exposure up jumps a bunch of angry voters who maintain that voters- not the media- still elect Presidents. Even ignored Presidential candidates. I am beginning to think that the blogosphere, the last bastion of truly free speech, may become a force to be reckoned with. I sure hope so. People are very angry. They have been- for about three years. Bankers have absolutely plundered us- five trillion in the last three years alone. People are now figuring out that electing a guy who hates the FED might just be what the doctor ordered. Pun intended.  http://www.washingtonpost.com/blogs/the-fix/post/can-ron-paul-win-iowa-yup/2011/12/19/gIQAjzEc4O_blog.html

Many years ago, I think we blew an excellent chance to stop the 20 million jobs that left our shores. We had a chance to elect Ross Perot. Not your typical politician. He was simply too direct for people. He didn't talk shit. I say the same thing about Ron Paul. He is the right guy at the right time. This time the problem is the FED and that enormous debt load. Paul doesn't talk a lot of political bullshit. He is direct. Most importantly, and a point nobody will argue, he does what he says he will do. So I was hardly shocked to see the Des Moines Register endorse the white Obama, Romney. He is this year's beauty contest winner. He is rich and elite, he talks shit, and he has no verifiable or successful history as a public servant. Unless you count the bankrupt, taxpayer subsidized, Massachusetts version of Obamacare. I am tired of defending the only honorable, non cheating, transparent patriot in politics. Please don't vote for another stooge. We have an abundant ...

Hank Paulson is never far from my thoughts. With a net worth of 700 million, he is the embodiment of American elitism. Arrogant and self absorbed, smug, and greedy. Hank Paulson may have pulled off the greatest crime in U.S. history. Working with a complicit and paid for Congress in 2008, Hank was able to secure all but a blank check to bail out U.S. banks. Banks that had made horrible and fraudulent loans, repackaged them, and sold them under fraudulent pretenses as "AAA". Hank Paulson was the CEO of Goldman Sachs when all of that near sighted crookedness and fraudulent loan originating was taking place. In fact, nobody had a better view of the landscape than Hank did. He knew what the bankers had done. As Treasury Secretary, Hank made the big banks whole via TARP and preserved them while cutting the economic throat of this country. After stealing a thousand billion or so from American taxpayers, Hank fled to parts unknown. He wrote a book about what a courageous guy h...

I first saw this at Mr. Always on Watch. http://misteraow.blogspot.com/ Obama's narcissism defies belief. Obama is clearly an idiot- at least 60 Minutes had the good sense to edit out the proof. http://newsbusters.org/blogs/pj-gladnick/2011/12/16/60-minutes-broadcast-edits-out-laughable-obama-claim-4th-greatest-presi

And they say class warfare doesn't exist. Thank God for ZeroHedge. So the gal who is the CEO for the Des Moines Register- used to be employed in the upper echelons of Citibank? Oh the hell you say. The Register openly endorses Romney... Imagine that. Zero Hedge sums it all up nicely here.  http://www.zerohedge.com/news/newspaper-chaired-private-equity-head-shockingly-endorses-mitt-romney-president I can't wait to elect one more worthless, bought and paid for, elite beauty contestant. How many homes you got Mitt? Five? Are you sure that's enough?

"Pay attention to what people have actually accomplished, pay far less attention to what they say they will do." By that standard alone, Barack Obama would never have been elected President. In fact, after having been advanced 100k on a book deal- Obama could not write the book nor make the deadlines that he had agreed on. Many knowledgeable people believe his books were "ghost written." I am one of them. The point is- is that Barack Obama had accomplished very little with his life. A community organizer. A teacher and a lawyer. Good lawyers lawyer, the rest teach. He was a superficial black guy that could speak well. He let a lot of desperate and scared bankers escape in return for their financial support. That dear friends- is why he is President. Has life turned into a beauty contest? It's hard to argue that it hasn't. Take a look at the candidates. The females are all attractive, some of the men. Substance? There is very little substance except for R...

Obama closes the nine year Iraq war. Like the magnificent bastard that he is. Troops salute. Thanks Big Hairy.

Who are you going to believe? The media or your lying eyes? Can you trust your government education? A month or so ago, I got in a back and forth argument with my father. These days those things are usually avoidable. Unfortunately, like most Americans, my dad thinks that the Federal Reserve is some government institution where somebody plopped 20 trillion a hundred years ago. That this 20 trillion is just waiting around- gathering dust until at some futuristic and imminent flash point- the Fed will unleash it and save us. I guess. Don't you find it unimaginable that not one public school anywhere- teaches the 100 year old history of the Fed? If you know of just one school or textbook that does...please by all means tell me about it. I beg you. That is not a coincidence. If you plan on fleecing American workers forever- the last thing you want to do is tell those targeted sheep your game plan. Or admit you have been a horrible failure. Ultimately when I find myself arguing ...

They are taking a 200 ton lump of coal to Mt Rushmore to carve out President Obama's likeness. The load is coming down I-90. They could not find a 200 ton piece of shit. I-90 will be closed tomorrow across South Dakota . They are hauling a 200 ton lump of coal so they can add Obama to Mount Rushmore ... they couldn't find a 200 ton piece of shit.

The strangest story I have read in quite some time. I offer this up and I really can't corroborate it other than to say- it must be real- a lawsuit has been filed. You are in for a real treat. A little over two years ago, I ran into this story on some obscure website somewhere. Truth be told, I thought it had to be complete bullshit. In a nutshell, two Japanese men were caught smuggling 135 BILLION dollars in U.S. bonds in 2009. Now for you numbers challenged folks out there- there are only 4 countries in the world that have that kind of money tied up in U.S. bonds. So wtf were these men doing? They appear to be couriers but why did they select Japanese men? And what follows is one of the strangest stories you will ever lay eyes on. The speculation at the time- was that most likely the bonds were forgeries. I think that is where I landed. Well, it turns out that the bonds are real. And if you think two men smuggling 135 billion is odd, that's nothing. Read this link. And ...

I love it when I hear some asshole on CNBC talk about what terrible investments gold and silver are. That happened this morning as gold was trading down 80.00 bucks an ounce. The "expert" was calling for 1000 dollar gold. Gold doesn't pay dividends he said. I was listening from my bedroom- so I didn't get a look at the suspect your honor. I have heard that rhetoric before. My favorite line was this. Gold as an investment and a safe haven is 100% based on perception! No shit. That's what he said. Like that's a bad thing. Now I want you to think about any decision you have ever made. Have you ever done anything- not based 100% on your own perception? Just when do we avail ourselves of our own perception to make decisions? I don't know when that happens. Ok enough of that. Here are the reasons that today's selling comes as no surprise. 1. Central banks and investment arms all over the world are selling gold to raise cash. The euro is toast. It is ...

And of course- they were inflating the number....gee I wonder who taught them that trick? I would call this unfucking believable- except that it's not. We see similar fraudulent figures week after week from the Federal Government and the BLS. How do we know unemployment figures are fraudulent? Simple. People with jobs pay taxes. People without jobs don't. The treasury has a two trillion dollar deficit this year which initially was supposed to only be a 1.2 trillion shortfall. That missing 800 billion? Well that's what happens when you start believing your own bullshit. How do we know the CPI is fraudulent and understated? Because we are the ones buying inflated goods. Anyway- here's the whole fraudulent tale from the National Association of Realtors. I only have two questions. Why did it take them so long and why disclose this now? http://money.cnn.com/2011/12/13/real_estate/home_sales_revision/index.htm?iid=Lead

The second thing I've ever stolen from Ace. For Troy. Comment Repin Like

Well there is no big earth shattering news today, so I thought I'd tell you a war story. Over the course of my 25 year law enforcement career, I had the good fortune to see some interesting and bizarre things. I also had the opportunity to see some really funny things. Some of the funniest shit- just happened to be things that I watched cops do. Sober, excuse free, cops. This story is one of the finest. You will never see this story on an episode of "Cops." There is simply no way that this story can remain untold. It will take a little character development, so please bear with me. I am going to use fictional names to protect the guilty. A little over 20 years ago, I was patrolling a small town in Idaho. A much larger city that wasn't too far away was experiencing a big manpower shortage. I went to work for that city as a part time police officer, working a couple of extra shifts a week. It was during that time, in the early 90's, that I met the hero of this s...

Of all the funny shit that's been happening lately, I'm not sure that anything could top President Obama asking the Iranians for our drone back. The drone that we were spying on them with.  http://www.boston.com/news/nation/washington/articles/2011/12/13/obama_calls_on_iran_to_give_back_downed_us_drone/ Now picture this. The greatest pussy man of all time, a guy who throws like a girl, gets beat up in a basketball game, and wears some high rise dork bicycle helmet is asking the Iranians to return our high technology drone. I'll bet they are just scared shitless. Maybe Obama needs to throw a pair of Uggs at 'em to get their attention. That's how they do it over there.  http://news.yahoo.com/jobless-men-disrupt-iran-president-speech-reports-190619347.html Ain't that rich? Next thing ya know, Mexican drug smugglers will be asking for their confiscated dope back. I managed to intercept this Iranian reply to President Obama's pleas to return the drone. *...

Who thought buying a car was easy? It's easy as long as you let the seller dictate the price, the terms, and the other little slick things they throw in the loan during closing. Including higher interest rates. So it was, I have backed out of the third deal this month and I cancelled a flight because of it. After all of that, I finally have the deal on the car I wanted but I have to wait a month to take delivery. Big deal. I am in absolute awe at how ridiculously priced car dealers price their inventory. Car dealers are piranhas. So what I thought I'd do is show you a run of the mill used 2011 GLS Hyundai Elantra priced at what I believe is an absolutely insane price. This car invoiced new at 15,500. Here it is used. http://www.autotrader.com/fyc/vdp.jsp?ct=u&car_id=309775282&dealer_id=624435&car_year=2011&end_year=2011&model=ELANTR&distance=25&address=83705&start_year=2011&LNX=PNADAUSEDVALTEASER&search_type=used&make=HYUND...

I am not a proponent of capital punishment. I know...I know...not wanting to kill people is irrational. In Saudi Arabia, they apparently kill you for practicing sorcery or trying to treat illnesses contrary to accepted practices.  http://news.yahoo.com/saudi-arabia-executes-woman-convicted-sorcery-132159048.html In America, this woman could have applied for and received a small business administration loan for practicing alternative medicine. Had she proven that she voted for Obama, the loan would have been fast tracked and she might even be selling franchises by now. She would be alive and well, touted as a business woman with acumen, creating jobs in America.

I've been reading Turd Ferguson's, "TF Metals Report" quite a bit lately. He has been "spot" on and he called today's huge sell off. He is on my blog roll on the right margin. And here. http://www.tfmetalsreport.com/blog/3122/stand-back Gold and silver are getting their asses kicked today. Bad. Gold is off 50 bucks. Here is a very timely piece on why. Strange. http://news.goldseek.com/GATA/1323619500.php Of all the reasons for today's metals sell off- the one I find most intriguing is that paper speculators are heading for the exits. There is simply no point in trading paper (futures, options) if the underlying commodity has several claims on it. Because of the MF Global bankruptcy, one investor has already filed a lawsuit claiming that he paid for and wanted to take delivery of physical gold and silver. Metals that he paid for before any bankruptcy was declared by MF Global. As the metal was about to be shipped, a trustee halted the shipment. Th...

Friday, May 14, 2010 It's Official, Obama Is Not the Anti Christ About a year ago, a neo conservative friend of mine called and asked if President Obama could be the anti-Christ. Although Obama clearly has many of the qualities and characteristics that one looks for in a good anti-Christ, I was not sure. After watching Dear Leader this year, I feel confident in saying that Obama is not the anti-Christ. I know, I know, some of you righties want to cling to hope. Perhaps you are questioning my credentials for determining anti- Christs. But I've watched this dude closely last year, which you can do when you are unemployed. Eternally. Trust me, I am using solid logic. One other thing. Just because I have determined that Obama isn't the anti-Christ doesn't mean that you non religious types can breathe a sigh of relief. You still have work to do. The anti-Christ is thought to be a gifted orator. Now at first blush, many of you may think that great orato...

Ya know I've been banging away at this keyboard for a little over two years. I manage about 2000 page views a week. I will never advertise. Then I see these new blogs come on line. Half naked chicks, funny shit, guns, and more half naked chicks. What happens? The new blogs get gobs of followers, page views up the ying yang. What happens to me? Nada. Left at the altar. Same old number of followers, same old amount of page views. Even when I manage to write clever shit. I can't do the half naked chick thing. My friend Al says I should. He says the internet was primarily invented by men to exchange porn. For free. All of this other shit is ancillary according to Al. Google earth, maps, buying shit, writing nasty stuff about the government. A waste of time, Al says. Time spent looking at porn is time well spent. You gotta admit, it's hard to argue that. Al's sister, Jenny, suggested I get girls to lift their shirts and snap photos from the neck down. Post them he...

This is going to get interesting. I've been watching and reading about the eurozone collapse for what seems like years. I can sum it up in a sentence or two. The greatest credit expansion of all time will be followed by the greatest collapse of all time. This will be a world wide event. The only thing keeping this collapse at bay is the life or death struggle of the status quo (bankers, insurers, bond holders, politicians) as they desperately try to find ways of stopping the inevitable. http://www.telegraph.co.uk/finance/financialcrisis/8947470/Eurozone-banking-system-on-the-edge-of-collapse.html Dave over at the Golden Truth published my all time favorite quote from Austrian economist Von Mises who quite succinctly stated the out come: "There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a...

This is the type of nonsense that happens when you allow public sector employees to unionize. Taxpayer chaos. A quarter million to guard a fucking bridge? That type of "no brain" job should be contracted to a private security company for 15 bucks an hr. No wonder we are all broke. http://news.yahoo.com/ny-nj-bridge-policeman-earns-221-000-224648676.html

I have been waiting for this for weeks. Corzine should have been in a jail cell. Please allow me to get the introductory dry stuff out of the way- so that we can talk about criminal acts and the good shit. This is how the elite and connected are given every opportunity to escape. The MF Global scandal is just one more example of an executive branch that is ethically and morally bankrupt. Obama and this administration. What has happened with MF Global is actually pretty simple once we get the background out of the way.  MF Global was a derivatives broker/agent which includes options and futures. Customers' kept money on account and traded for their accounts. MF Global traded for it's own accounts. Customer's money and MF Global money should not have been commingled. MF Global was also a primary dealer for government bonds- which has a hell of a lot more to do with the company's CEO and connections than whether or not MF Global was properly capitalized. It's CEO, ...