Juggling Dynamite

CNBC’s 2007 profile of Jordan Belfort, the real Wolf of Wall Street, who’s being portrayed by Leonardo DiCaprio in the movie of the same name. Here is a direct video link.

Unfortunately the tactics, behaviors, damage and waste in this story are fairly common. The finance culture is arguably worse today than it was in the late 90’s: years of staggering unjust enrichment, financial bailouts and few prosecutions have emboldened the actors. See: We saw “Wolf of Wall Street” with a bunch of Wall Street Dudes and it was disturbing.

The gold bulls were so confident that the Fed would never taper. Now below 1200, bullion needs to rebound through 1250, or 1000 may be calling its name.

Source: Cory Venable, CMT, Venable Park Investment Counsel Inc.

The Kidnapper wears Prada: Why the rich are getting much, much richer, why the Fed is in a corner and what it means for you!
As the Federal Reserve gets a new chair and decides what to do next, whether to print $85 billion a month more or not, we examine the heist, who gets all the loot, why today’s kidnappers wear Prada. Wake up. See what happens when financial kidnappers dress up as loyal patriots and extort money in the name of the common good. Here is a direct video link.