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Turns Out Dumping 1,300 Tons Of Swiss Gold Isn't A Resume Builder After All
Spot the one difference.
1. Yesterday (as presented in "Resume Of The Day: Meet The Man Who Sold 1,300 Tons Of Swiss Gold")
2. And today (via an unexpectedly updated LinkedIn profile):
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Ha ha. Punked by ZH.
The entire global banking and political system reads ZH on the sly:
word cloud for it includes:
"addictive"
"beguiling"
"snarky"
"redneck bait"
"doomer Durden"
"they insulted me/my employer"
"'House of Lies' of Finance"
keep it up.
I'm hanging with Charlie Sheen........screw you guys.
Michael Paprotta is a fucking tool.
I bet he has ice cold balls.
We cook your meals
We haul your trash
We connect your calls
We drive your ambulances
We guard you while you sleep
Do not phuck with the ZH
Why was it cool to advertise the sale of 1,300 tons of gold up till now? It's been in a bull run for 10 years. Why change it now? Is this guy a total flake or what? One comment on a "fringe" blog and he has to react? Wimpy, man!
I can answer that one. Because, for guys like Michael, it is all about scale, size. Scale is power. Scale is ego. Scale is influence. Scale gets you on CNBC, regardless of what you have to say or if you ever made a dime for anyone. The profitability or soundness of the trade never crossed Michael’s mind – he simple wanted everyone to know that he has scale and, therefore, deserves your attention. It could have been 1,300 tons of chicken feathers, it doesn't matter. Michael (and banksters, hedgies... like him) simply want you to know that they, unlike all the little people, have touched 1,300 tons of SOMETHING. For the Michaels, JP Morgans, Goldmans... they don’t put stuff like profitability on resumes – it’s all about titles and dropping scale. They simply want to touch and be in charge of scale.
It's like when Johnny Carson asked Richard Pryor, "What do you thing about China?" Richard's reply was, "I think it's a good idea to be friends with a billion of ANYTHING!" Michael's just cozying-up to scale.
Of course, now that he sees you're not impressed with his scale, he changes his profile.
Speaking of Charlie...
http://www.thatvideosite.com/v/5083
The entire global banking and political system reads ZH on the sly
yes. MDB = bernanke. Robotrader = krugman
Are you attempting to insult the four of them or only two?
ZH is listed as a news source in windows 8 built-in news app.
What ZH does to bankers trying to work
And he cannot spell department.
I missed that! He must have been in the hurry... lol.
His previous disclosure probably breached a confidentiality agreement. He might not be hitting the slopes as much now since he will soon be liable to the SNB for telling secrets that should not have been told.
You think he made that change because he breached a confidentiality agreement? Not because he was made to look like a fool by ZH?
Seriously?
I go with fool.
It's the both, he breached the agreement which stipulated he had to keep it secret that he's a fool.
"Secrets" are a thing of the past...so Old Hat.
The sales were publicly announced before they were conducted, so I don't think he breached any agreements.
You might want to turn your bsdetechor back on.
Depends on the language you are communicating in. English isn't even an official language of Switzerland, but unfortunately it's the one he uses throughout the rest of profile.
I can't spell either when I am totally pissed off, embarrassed and flustered cause I was punked by a blog. LOL.
Ha ha ... Maybe we will get a third LinkedIn Profile update ;)
From le français: « département »
For us here in Europe using 3 or 4 languages, we see such mistakes are common and understandable ...
Especially when a little emotional about something like your Linked-In profile being global headlines on the world's most popular financial 'blog'
You don't even need the accent in German (or Dutch), but if I run into him downtown at least I can now properly laugh at him since I know what he looks like...
If you look at his picture it was clearly the altitude.
Does he feel like a douche?
If that means he's bathing in cold sweat, then yes.
Hmmmm...he looks like a douche in that picture.
Anyone know if he walks like a douche?
Is he related to Gordon Brown or is it the case that every country produces fools ?
Or a douch?
I find it rather telling that these individuals visit, and change behaviour on basis of, what is (at least, that's what they tell us) supposed to be an out-there conspiracy site.
First two rules...
And, fights go on for as long as they have to.
Rules.....in a knife fight?
clearly you're not a golfer...
Any Big Lebowski reference is worth +1.
Admission of guilt.
It's been pretty clear ZH has been "on the radar" for a while. Speaking of out-there conspiracy sites, a couple days ago someone on reddit's supposedly out-there r/conspiracy subreddit noticed an error on a map on the CIA website that had been there for ages, and made a post about it -- the error got corrected in under two hours. They're pretty clearly watching closely.
In this case on ZH and that case: actions speak louder than words, and the actions are a tacit admission of influence.
They're pretty clearly watching closely.
Correction: Carnivore is watching closely...surprised it took 2 hours!
I am surprised and amused that someone of such “sophistication” would even have a profile on LinkedIn. Isn’t that just another FaceBook – ridiculous.
LinkedIn is not facebook. It actually is quite useful for finding cross business connections and not about letting everyone know your dog just took a dump and what color it was.
He must be on ZH today downvoting on alot of these posts.
What a maroon... What a ta ra ra GOON de ay...
What an embezzle.
True dat...
It's a LOCK that 99.99% of that went to the Red Shield & other well connected Heebie Jeebies [& that Mssr. was handsomely compensated for his cooperation]... The other .01% went to ZH'ers [for awhile], but now comfortably rests, in frigid & silent solitude, at the bottom of various bodies of water...
Setup, assist, and follow through ... +3 francis
LOLASAURUSREX!
pwned by zero hedge!
Couldn't make enough commission off that 1300 tons to last a day.
STREISSANDED
Revisionist history bitchez!!!!
Down the memory hole with you!
Wonder who told him?
He had to buy an additional memory card for his phone, i would wager.
please update us when he spells "department" properly!
nevermind, found his linkedIn page, i can monitor it myself.
Looks like the SNB has a similar blog monitoring program like the FED...
Or the FED told their "friends" at the SNB.
Gold, BITCHEZ
Oynx
Or someone he knows googled his name and informed him.
A reptilian mind.
Caring -0- quotient.
His former employee UBS was involved in a major gold/silver storage scandal by the way. They had charged clients fees for storing non-existent precious metals. I wonder if he was involved in that as well.
http://www.scribd.com/doc/51439588/UBS-Class-Action-Alleges-Unallocated-...
love it. bravo
Selling gold from 2000 to 2011? A most useful idiot. The owners of Switzerland are losing their way, big time.
I think it started in the 90s when they allowed the hebes to shake them down for WWII "reparations".
Execution of Gold sale is a skill?
Fuck, I can do that, with my eyes closed and hands tied!
Hey Michael, if you're reading this... contact me, if you want help selling some Gold again in future.
LULZBank \hearts/ Michael.
You have to be a jerk to sell gold for central banks. They tell you to pre-announce sales. Any person with an IQ above room temperature would see this as a breach of fiduciary (for taxpayeres) duties, because sales announcements cause lower prices due to frontrunning. Ask Gordon Brown.
So far so good... So whats the pay like for such an intriguing and challenging task?
+1
Maybe I should put got up, had a wank on LinkedIn.
Or better still, got up had a wonk!
Nice one LULZ.
Should you see this cock sucker, ask him if he can change a light bulb. Better yet, ask the cocksure twat if he can start a lawnmower.
Twenty quid says he wont even know what you are on about.
It must have taken a lot of skill to dump 1300 tons in one shot. So how much do they have left?
SNB now reports their Gold holding as an "asset" on their monthly reports, allegedly the "best performing" one as of Euro peg.
Heh. I looked it up. They sold it over time since 2000. They claim to have have 1040 tons left and did account for losing the 1300 tons.
The hard part is selling gold you don't have, that's why they pay him the big bucks.
http://databot.ch/Michael-Paprotta-Muri-AG-P543944.html
While he was at it, he should have changed his photo. He looks like an asshole.
"He looks like an asshole."
There's a reason for that.
That's because he IS one.
yard sale
Do you love it, do you hate it, there it is, the way you made it.
Reminds me of Jeff Daniels in Dumb and Dumber.
He could be the third member of that crew.
"The bull market is actually three miles THAT way!"
His next job will be with the Ministry of Truth.
ZH Rocks
Once again it is the CBs in Europe which own the Gold......not the states which remain in debt to both com. & central banks.
The release of Gold into the market 10 or more years ago was the signal for the end of the nation state - a 400 Year~ banking experiment.
It was the formal divorce of CBs from their host states - they are now free agents.
Again states need not play ball.
States can merely produce unbacked fiat and tell them fuck off so - get out of the country.
States can merely produce unbacked fiat and tell them fuck off so - get out of the country.
Is'int that how the story ends everytime, throughout history?
@Lulz
But they have such a large network now.
This market state experiment they have going is working.......for the banks.
The Irish central bank has "asked" the goverment to cut wages and benefits again today.
This is to increase the current account surplus of Ireland ......despite the record 3 billion + euro surplus in Q2
Meanwhile the UK and especially London is posting record current account deficits......for every surplus there must be a deficit right ?
When you strip away the services from the UK which adds to the current account but whose only real purpose is to control these absurd capital and trade flows its the UK that is in a mess.
In 2011 they had a real goods trade balance of -£100 billion..............and in 2012 it is set to shoot right past that number.
After the big bang of 1986 the city could run North Sea and other oil through countries such as Ireland and Spain......current account deficits in Spain and Ireland were no problem when you could earn a yield off the waste production.
But today things are a bit different..............they cannot earn a yield off of us now as there is little oil to waste.....so they must push us into energy surplus so that they can remain in deficit.
The real goods trade deficit (inc oil) of the UK was a record £100 billion in 2011.
Trade of goods balance : – 88,505m
Trade of oil Balance : – 11,509m
Is Europe a victim of unsustainable international trade /energy connections which reduces rational internal / national demand and rational investment ?
If you compare this to the year 2000
Trade of goods balance : -39,512 m
Trade of oil balance :+6,536m (peak)
And Y1991
Trade of goods balance : -11,497m
Trade of oil balance : + 1,274m
Some records set during the UK Q2 period in its balance of trade and current account figures.
Current account Net
Trade in Goods : £ -28.1 Billion ( largest deficit ever recorded)
Trade in Services : £+ 17.9
Income : £ -5.2 Billion (largest deficit ever recorded)
Transfers : £ -5.5 Billion
Current balance £ -20.8 Billion (largest deficit ever recorded)
Shades of Andrew Jackson , which is precisely what we need........
Andrew Jackson never produced Greenbacks to replace the lost banking credit......which created a depression in America.
That 'depression' was only in terms of banking financials. The federal government was giving land away for free, so why save money in a bank when you could go out west and build your own ranch or farm from scratch?
The US had its fastest growth of wealth in its history, and likely the history of mankind, during this 19th centruy depression. There was plenty of wealth, just not plenty of cash.
Yeah, bankers had a depression, big deal, everyone else did pretty damned well.
And dont blame Jackson ending the national bank for the loss of financial activity when there were sitll plenty of banks around to pick up the slack.
He thought, fuck..., it was 1700 tons...
Wonder who is going to take credit for dumping all the Euros they own....
The ski slopes are not open in early October so Mike had plenty of time to update his linkedin. Quickly.
Congrats ZH!
The guy wasn't running a hedge fund. He was merely executing orders and I doubt very much if anyone on this site can say they were long gold in 2003 looking at $1700. Ease up on the schadenfreude.
True say... Even a market novice like me could not see the property market crash and subsequent market crash coming around 2003.
Infact nobody saw it coming, especially the people who were hired, paid and supposed to know these things, allegedly.
When gold was $245 I had a friend who was always trying to convince me that gold was the single best investment to make. Of course, I was 21, only getting into investing and reading books (mostly the wrong ones), and would use all the Buffet bullet points when arguing against it except as an inflation hedge. Silly me. It's not as surprising as it should be to look back and not only see all the senior economists who got it wrong, but all average Joes who got it right.
I started buying in 2003. My father-in-law is a very smart man who lost everything - a multi-million dollar industrial fortune - in the '89 crash in Japan. He shared a lot of wisdom, learned from experience, with me and pressed gold into my hand on my wedding day. Said it was the only thing worth holding on to in the wealth accumulation/preservation game. Thank God for him.
been long gold since 2004. physical gold and pm equities. it all started with jsmineset.com, which opened for business in 2002. the rest is history...
WTF just(14.32 CET) happened to Gold it Flash crashed by 10$ and almost imminently rebounded
very strange girations in gold ATM(as I write this)
Its in freefall now.
Someone at the FED and LBMA was saying "This one is for you Michael!"
Must be the great unemployment numbers (lol) that pushed gold down. Since the US economy is recovering miraculously, we won't need QE any more, so no more inflation risk (double lol).
Did you just Pawn the guy? lol
Maybe he should have provided his clients with the crash helmet.
It's kind of a picture of how these guys operate.. I'll wear the helmet, you take the head shot.
God I love ZH-it's like the cool neighbor I wish I had.
Nice tyler, very nice....
Well fancy that, not 24 hours later, this posting changes just in case some folk out there dont think this imbecile is'nt an imbecile??
Bravo tyler and friends, its official, we are on some government information strategy for non-compliance to the fucking truth.
(to the NSA et all) hello boys, now go fuck yourselves you fucking stealthy cowards, you think anyone on here gives a fuck?
And to the cock sucker who sold 1300 tons of gold, and gordon mcbroon, hope the compensation was worth it you useless cunts.
I think this makes it seem even worse.
ZH is to the world of finance as masturbation is to my wife. They both deny the participation, but do it daily.
Rewrite to read:
" Executed massive gold dump as ordered by vast international conspiracy."
There, fixed it. None of these guys operate on their own.
ha.
TPTB: "Are you fucking crazy? Delete that shit from your LinkedIn profile! And lose that stupid picture in your ski outfit!"
you mean highly educated worldly people actually tweek and lie on resumes???!!!! outraged!
Hey Michael not too proud of that gold sale bullshit program anymore???? ha ha!
Putz.
Im not sure why 1300 tons of gold leaving swiss hands is a bad thing? someone bought gold on the cheap. Cheers to them. let hope they werent banker fucks.
If he amends it for a third time and adds in 'fuck you all at zh'
- I'd give him a high five ... And then tell him he's still a cunt.