I could be wrong but I don't read this as a cover for being broke. I do think it is an admission from an insider that the market is broke, rigged and heading for a very, very larg collapse.

The SEC, I believe has been suborned. The Fed has ceased to serve its intended function and has lost its way while a coterie of banks have come to dominate and distort the markets for their own purposes.

I'd want to get out too.

http://www.scribd.com/doc/36068828/Druckenmiller-August-2010-Letter-to-Investors

Druckenmiller to Shutter His Hedge Fund
August 18, 2010, 11:44 AM

11:49 a.m. | Updated Stanley Druckenmiller, the hedge fund magnate who led George Soros’s famous bet against the British pound, is calling it quits and shutting down his investment firm, Duquesne Capital.

Mr. Druckenmiller wrote in a letter to investors that he had grown increasingly dissatisfied with the pressures of running a big fund, and that while Duquesne Capital was on track to yet another positive return, it was not performing up to his personal standards.

“I have had to recognize that competing in the markets over such a long timeframe imposes heavy personal costs,” he wrote. “While the joy of winning for clients is immense, for me the disappointment of each interim drawdown over the years has taken a cumulative toll that I cannot continue to sustain.”

During his career, Mr. Druckenmiller has hit many highs, perhaps none greater than spearheading Mr. Soros’s $10 billion bet against the British pound in 1992. That gamble shook markets, forcing a devaluation of the pound.

Imagine the heavy costs for clients!!!

Let us hope we are not forced to that. But if all peaceful democratic means are denied us by those just not willing to loose their power or their wealth. Then barricades it will have to be.

Too true – looks like it's cold showers all round (except for you-know-whom of course).

Thankyou. Good to hear from you.

I will try not to let the metaphors get out of control. promise.