HOW THE PENNY KING AFFORDS BUYING PENNIES FOR A DOLLAR EACH

On one bright early Sunday morning, when a little bird by way of email sent him a message informing him that AHM was jettisoning it's dividends, the Penny King called a prospective client who lives in Switzerland and told him that an opportunity to show why he charges $3,600 an hour, or a dollar a second for his advice, had arisen over night.

The Penny King explained to him that this was a once in a lifetime opportunity and if he just risked $1,000 with his Penny Appreciation Fund, a hedge fund with a double meaning, it would make him a very rich man by Monday afternoon.

Now while my credit union was charging me a $25 courtesy fee to cover debits from my debit card on my overdrawn bank account as I paid $10 for my dinner, the Penny King placed a $1,000 put option on 100,000 shares of AHM which less than month earlier was trading at $18 and was now down to just above $10 a share.

He was betting that AHM would become a bankrupt non existent entity within 30 days on Sunday, July 29th, 2007. Swiss time was running out.

By the time the markets closed in the US on Monday afternoon, the tiny little penny appreciation fund was $361,000 richer as they covered the short sale of those put option contracts and cashed in as the stock dropped almost 40% in one day.

The stock of American Home Mortgage and Investment had already ceased trading by order of the New York Stock Exchange and the Penny King had an extra $150K to buy another 150,000 pennies. But puts and calls continue to trade, even if a stock is halted.

The Penny King predicts that AHM will go the way of Enron and WorldCom and a bunch of dot bombs...trading below a dollar within weeks. In the previous 60 days the stock had already lost 75% of its’ value.

The Penny King distributes half those profits and gives them to his foreign investors who pay no US taxes. The foreign investors are very happy because they are at least 18,000%+ richer today than they were the day before. These are overnight trades using the latest high tech for swift execution.

That is how the Penny King can afford to buy pennies for a dollar each, from the other half of the profits of the Penny Appreciation Fund, giving people a 10,000 % return on their money.

No bank in the history of the planet, to this writer’s knowledge, has ever paid that kind of percentage return on an overnight investment.

Thousands in the Los Angeles area are now saving their pennies because of the Penny King and his seemingly insane antics.

Some are demanding that cashiers at grocery stores, supermarkets, and department stores to give them all their change from currency tendered for purchases - all in pennies.

The word seems to be spreading far and wide as the Penny King drives his car around Los Angeles County in a funky looking Toyota Tercel, stopping people on the street as he records their responses to his questions, "Have you heard about the penny shortage in Los Angeles?"

His methodology seems to have a self-fulfilling prophecy built into its operation. The more pennies the Penny King buys for a dollar each, the more people talk, the more the top of the financial pyramid called the United States Treasury and Federal Reserve gets shaken up and rattled.

"He's turning a mirror on the whole world's financial system and making them have a very good hard laugh at themselves and the ridiculousness which pawns itself off as a global monetary system", says a fellow Canadian Topanga California resident who has sold the Penny King more than 20 pennies for a dollar each. "He's really a financial genius".

The Penny Appreciation Fund requires a minimum investment of $1,000 and as it buys more pennies for $1.00 each from the profits, and the film makers document it on the internet in such places as youtube and other video sites, it puts all the stock, bond and currency markets that use US dollars to trade anything, into a tailspin.

The Penny King says that a “global depression is long overdue, we should have had one in the 60’s, but the military industrial financial media congressional complex had delayed the inevitable by creating a cold war, the Vietnam War and now the Iraqi War.

The only way to end all these bloody wars is to take away the children’s allowance… in other words; ‘turn the publics’ pennies into dollars while turning the global financial industrial military media congressional complex’s dollars into worthless pennies, such as they are”.

I think it’s an “air exchange” says one homeless person who used to work in the banking industry.

The clearest message this activity sends to most people who interact with "The Penny King" is that "we the people” determine the value and power of our money, not Wall Street, not President Bush, not the Federal Reserve Banking Stinkstym, not even foreign secret international bankers.

We the people can make a penny worth a dollar and we all know that the dollar is worthless, as its purchasing power has eroded since the modern day computerized debit credit system was put into place by the usurpists”, so sayeth the Penny King.

It's a total mockery of the dollar, trading them in for pennies actually creates the action of causing a depression...it may seem absurd and ridiculous, but greed has a tendency to flow in the direction of the highest possible return at any given moment in time and as more and more investors realize that we are now in and experiencing a full blown global depression, more and more of them will abandon the dollar and any item that trades in that denomination of currency and thereafter invest in pennies.

Two foreign countries have recently ceased trading in dollar denominated oil contracts and have moved more of their money away from the US dollar.

China, which currently has more than a quarter trillion invested in bad loans in American residential real estate mortgages which contained false and misleading information, is already moving more of it's $1.3 trillion in dollar denominated assets into Euros’ and the British Pound, to protect its economy from collapse.

Many foreign central banks are also quietly shifting out of the dollar, but when a bunch of elephants run for the exits, it is the citizenry who get trampled.

Many major British Banks, most notably HSBC, despite suffering major losses on phony U.S. dollar denominated mortgages, underwritten by 22 of the largest Wall Street Investment Banks over the past decade, offset billions in those mortgage trading losses with profits from the growing economy in China. Britain and China are clearly allied against the failing dollar.

Many major manufacturing institutions in China continue to dump massive quantities of low grade, cheap worthless products on the debt ridden American middle class, whose credit card pablum has run dry while fake home equity values continue to evaporate and home equity lines of credit are wiped out. The equity was all phony to begin with and millions will suffer because of it.

There are literally thousands of people who know about the Penny King, the penny shortage and his antics, but one person who knows him well says, “those numbers will be in the millions as the docucomedicdrama unfolds on the big screen of life”.

His advice, in the mocku comedy, as he buys them up for a dollar each and glues them to the roof of his car, "Save all your pennies, when all the phony fairy dust settles, it will be the only medium of exchange worth trading with."

Copyright 2007 © by Alex S. Gabor. All Rights Reserved!