Monday, January 21, 2013

A Elite Trader Story


During my 7 and ½ years as a member of the Elite Trader web site from May 2005 to January 2013, I created enough threads and postings that I have enough material to be publish as a book.

I have been a member of the Elite Trader web site, since May 2005. And during that period I started over 300 threads and had made over 5,100 postings on the Elite Trader forums.

In early 2013, for the first time they closed one of my threads “Central Banks and US dollar” - I was surprised when they closed that thread, because that thread that I had started on December 4, 2006 was a very popular thread and had about 134,000 viewings. And that thread was a very good source of information related to the currency markets – the thread included a lot of discussions about currencies including the euro, US dollar, Brazilian real, and much more including a lot videos about that subject. That thread was a gold mine for students, journalists, and the public in general regarding the subject of currencies and the status of the US dollar as the main reserve currency.

Then for the first time in early January 2013, two of my new threads were deleted from the Elite Trader forum for no reason.

And for my surprise without any warning my account at the Elite Trader was terminated on Friday January 19, 2013, and immediately 1,000 of my postings were deleted from that forum.

They deleted the following threads from the Elite Trader forums, which I will re-post all that information here on my blog:

1) My prediction for the Brazilian economy for 2013


2) "Currency Wars" and Brazil replacing its US dollar reserves with GOLD.


3) Currency Wars is moving to higher gear


4) Central Banks and US Dollar


5) The Entrepreneurial Bank of Brazil


6) Limiting Foreign Ownership of Land in Brazil

7) Crumbling of America


8) The End of America


9) Jewish Lobby regarding on How Easy It Is To Manipulate The United States

Netanyahu Brags About How Easy It Is To Manipulate The United States


10) Goldman Sachs is it a Cancer or just a Parasite of the US financial system?

Goldman Sachs is it a Cancer or just a Parasite of the US financial system?



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After I found out that my account had been terminated I sent a note to Baron Robertson saying that It is time to move on anyway, and spend all my time writing articles about the “Currency Wars” that is moving to a higher gear in 2013.

My time will be used doing research and publishing my articles on Brazzil magazine and other major publications geared to the BRIC countries.

The BRIC countries is my real audience anyway, and as you know the Elite Trader audience is mostly from the United States, and you have a very small foreign audience.

I did try very hard all these years to turn your forum into a place where a lot of smart people would come to have intelligent discussions about economics and the currency markets. We had a few members that engaged in discussions that were relevant and at a higher level, such as Libertad, Gringinho, and a few other members of the ET forums, but most of these people are no longer participating on the discussions on these forums.

Other than jem, there's nothing left on your forums...

About 3 years ago I remember finding a web site in the internet that gave grades and reviews of forums across the web.

I was disappointed with the grade they had given to the Elite Trader forums – and regarding the review they said: The Elite Trader forums is a place where young men gather to “shoot the breeze”.


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The last few years I also became a member of the forums at:

Asia Times Online


"Asia Times Online Forums"

And my screen name on that forum is also: SouthAmerica

I just posted a few times on that forum over the years, but with the “Currency Wars” moving to a higher gear, and the economic action in the next decades moving to Asia and the BRIC countries – anyway, today it makes more sense for me to post my material at the "Asia Times Online Forums".Today, there are over 900 web sites linking In to Elite Trader including The Wall Street Journal, BusinessWeek, The Economist, Business Insider, Seeking Alpha. - Compared with over 11,000 web sites linking In to the “Asia Times Online Forums”.

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On Saturday January 20, 2013 I met a friend of mine, he is an investor with a large personal portfolio, and he is also a lawyer. I mentioned to him that the Elite Trader had terminated my account without any warning, and that they also had deleted many of my postings – 800 postings to be exact.

He asked me a few questions about these information that had been deleted from the Elite Trader forums, and then he told me that I should contact the Federal Communications Commission (FCC) , and also the Securities and Exchange Commission (SEC) for them to investigate why they are trying to sanitize the Elite Trader forums right now, and if there's something else illegal that's going on on the Elite Trader forums.

The Elite Trader, claims that they are the #1 community for active traders of Stocks, Futures, Options, and Currencies. And lot of the information that they deleted from the Elite Trader forums are relevant information that could affect the decision of investors regarding the currency markets and so on...

For example:

1) Regarding my prediction for the Brazilian economy for 2013 I said:

President Dilma Rousseff should keep Guido Mantega as the Finance Minister in Brazil, and she should ignore “The Economist” magazine suggestion.

“The Economist” magazine suggested recently that President Dilma Rousseff should fire the Brazilian Finance Minister Guido Mantega.

President Rousseff should ignore this silly suggestion from “The Economist”, and take it with a grain of salt considering the source of such a suggestion.

Guido Mantega has been guiding the Brazilian economy the best way he can considering the massive mess that we have in Euroland, and also in the United States that affects the Brazilian economy.
Guido Mantega has been doing a superb job in putting in place the policies to protect the Brazilian economy, and place it in a path for prosperity in the coming years.

Finance Minister Guido Mantega should: Keep up the good work!!!!!

I understand that this attack by “The Economist” it is part of the “Currency Wars” that is going on
- “The Economist” should concentrate and continue to give their precious advice to a bankrupt England and “The Bank of England’s” new boss Mark Carney; another gang member of “Goldman Sachs the Pillage People” and their network of thieves.

The Economist”, and also the “Financial Times (UK)” doesn't like the interest rate, and currency policies that Finance Minister Guido Mantega, and the Brazilian Central Bank are following in Brazil, because they want Brazil to offer higher interest rates for the “Hot Money” - since Ben Bernanke (and the Federal Reserve) is keeping a very low artificial interest rate in the United States in a major effort to resuscitate the U.S. financial and economic system.

The Currency Wars” is going to move to a new level in 2013 as the European Central Bank, the U.S. Federal Reserve, the Central Bank of China, the Japanese Central Bank, and the Bank of England under their new “Godfather” Mark Carney continue their race to the bottom.

Finance Minister Guido Mantega, and the Brazilian Central Bank should keep adjusting the interest rates in Brazil accordingly to the “Currency Wars”, and as the markets deteriorate in Europe and in the United States, they should continue to reduce further the interest rates in Brazil (Selic rate) to a level around 5 percent.

Many people asked me if the year 2013 will be a rough year for the Brazilian economy as it continues to adjust the internal market to achieve a sound economic and financial system for the long term.

I remind my friends that even though 2013 it will be a very tough year for the Brazilian economy – they should look at from the correct perspective: when compared with the massive mess in Euroland, and the US economy, and the adjustments in the Asian economies – the Brazilian economy it will do better than these other competitors.

There's an important adjustment that Finance Minister Guido Mantega still need to implement in Brazil to raise income for the Brazilian government, and also to bring a better foundation to the stock market in Brazil: Finance Minister Guido Mantega need to create and adopt a financial transactions tax (FTT) to kill high frequency trading (HFT) in Brazil, and the distortion, the market instability, and the pillage of assets that (HFT) brings to the stock market.”


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2) Regarding the "Currency Wars" and Brazil replacing its US dollar reserves with GOLD I wrote.

Finally the Brazilian central bank started replacing its US$ 400 billion dollars international reserves with gold reserves.

In an effort to diversify the central bank reserves in September/October 2012 alone the Brazilian central bank bought 19 tonnes of gold with more purchases to come.

Congratulations - a very smart move by the Brazilian central bank!!!!!


By the way, the Financial Times (UK) had an article on December 11, 2012 "Brasilia joins Latin American gold rush".

The article mentioned that in 2011 Mexico bought 100 tonnes of gold, and besides Brazil, Paraguay, Argentina and Colombia also bought some gold in 2012.


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Historical information about the Elite Trader web site, and the impact that I had on the growth of this website.


Baron Robertson is a young man with only a high school education, who became a success story, when Baron Robertson created the Elite Trader web site which went live on the web on May 28, 1997.

Six years later, on the issue of US News & World Report of June 8, 2003 they mentioned that Baron Robertson claimed that the Elite Trader web site had 17,041 members at that time.

In May 2005 when I became a member of the Elite Trader they had about 19,000 members at that time.

In May 2005 the Elite Trader web site had been in business for 8 years, and all they were able to get was 19,000 members for that period – an average of 2,375 members per year.

I mentioned to Baron Robertson a number of times over the years of my efforts to turn the Elite Trader forums into a place where you could have a higher level discussions about anything related to the financial and stock market, and also about the subject of economics.

In May 2008 the Elite Trader stopped showing how many members they had on that website, and at that time ET had 105,000 members – In another words – in the 3 years from May 2005 when I became a member of the Elite Trader to May 2008 the number of members went up from 19,000 to 105,000 a fivefold increase in membership.

In January 2013 I would not be surprised if the Elite Trader membership grew even further to around 200,000 members.

I mentioned a number of times over the years to Baron Robertson and I have been reminding him that: “I have been helping you promote the ET website since May 2005, and have had an impact on the growth of this website more than you realized.”

On July 2012, Baron Robertson posted a thread on ET forum saying: “Larger companies wanting Elite Trader bad for some reason” - And I posted the following on that thread:


July 22, 2012

SouthAmerica: Reply to Baron Robertson

In May 2005 when I became a member of Elite Trader this website had only 19,000 members.

Since then nobody has promoted the Elite Trader website to the world more than myself, and I mentioned that a few times over the years directly to you on my emails, and also on my postings at the Elite Trader Forums.

As I mentioned before in one of my postings: “Around the same time (May 2005) I compiled a list of emails of every college professor of the Economic Departments, and Business Schools – Undergrad and Graduate schools – from the top 20 ranked economic departments of American universities. We are talking about 20 top universities times an average of 50 teachers per school – a list of about 1,000 economic professors including all kinds of influential people (book writers, and economic professors who had the chance to work for all levels of government, and so on) also including all the teachers that won the Economics Nobel Prize.

About 3 years ago I started sending an email directly to everybody on this particular list with a copy of my articles and I also included some links to some of the information that I had posted on the Elite Trader Forum. My email also had a little note promoting the Elite Trader website as a great place for students to go to learn about anything related to the US financial markets.

I figured that each teacher had at least 5 classes with an average of 15 students per class to be on the conservative side that gives a potential 75,000 new eyeballs checking the discussions on Elite Trader – and if you consider that all these professors and their students mentioned about this cool website to their friends and the other teachers – the potential to bring a few hundred thousand new members to this forum was there.”

In May 2008 the Elite Trader stopped showing how many members they had on that website, and at that time ET had 105,000 members – I have no idea how many members ET was able to add in the last 4 years.

I noticed that it is normal for the people who are reading the information on the ET forums that only 25 % are members of ET and 75% are guests. The impact of my efforts to promoted the Elite Trader website did not only brought thousands of new members over the years, but also thousands of regular guests.

Besides that I have been posting at Brazzil magazine since 2005 most of the links to my postings at the Elite Trader Forums – over the years that brought hundreds of thousands of people to the Elite Trader Forums – Brazzil magazine has an average of 50,000 readers per day.

In the last 5 years I also have been posting on my Facebook wall the links to my postings at the Elite Trader forums.

In the last 7 years (May 2005) I also have been posting the links to my postings at the Elite Trader forums in many other websites in the internet including the PBS forum, the comments section of the Charlie Rose Show and many others.

In a nutshell: I have been helping you promote the ET website since May 2005 and have had an impact on the growth of this website more than you realized.


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Baron: “I really have no intention of selling. I just find it interesting that so many firms are coming out of the woodwork all of a sudden. ET is my baby and I'm sticking with her till the end.”

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SouthAmerica: I am glad you have no intention of selling the ET.


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Baron: “Actually, the firm that inquired last week said they are an "M&A firm that has found interest in ET on behalf of our client, which has requested to be unidentified".


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SouthAmerica: The unidentified company could be “Goldman Sachs the Pillage People” or one of the other banksters.


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Baron: “As I proceeded down the path of starting ET, everything about it just suited me. I picked up some programming books and just taught myself whatever I needed to know, as I had always been a good self-teacher. Once I got the boards up and running, I had no problems handling personality conflicts because I don't get angry very quickly and I've always been pretty good at seeing each person's perspective and then dealing with the situation accordingly.”


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SouthAmerica: Baron, congratulations regarding your success with the ET website, considering that 98 percent of all businesses that people start here in the USA go out of business before they reach the 5th year of being in business.

You are among the successful 2 percent who survived....


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Baron: “It's not really that. I actually have big plans for ET, many of which will be revealed shortly. The hardest part..... by far though... is this:

Underdoing the competition. In other words, keeping things simple and not jumping from one "web site feature fad" to the next while still assessing new technology and moving forward in an intelligent way. I've often been criticized for not "keeping up with the times" from a feature perspective.”




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SouthAmerica: I hope you are keeping the ET forum intact, since the Elite Trader forums contain excellent discussions about economics and international finance, and a lot of important people are reading the information on these forums.

All I can say is keep up the good work.


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Note: Ricardo C. Amaral

Elite Trader screen name: SouthAmerica



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New postings at the Asia Times Online Forums”


January 24, 2013



SouthAmerica: The Best thing China can do for the long term is to stay away from the Zionists from Israel and the United States.


USA and Israel