Market Manipulation Due To Lack Of Regulation And Tranparency
Free and fair trade? Free markets? Fair markets? Honest markets? Competition? We don't need no stinking honesty! (That's my imitation of The Treasure from the Sierra Madre.)
The new world order has decided the little people are not important to the future of society. ( I use this sarcastically to describe financial institutions because I do not believe some incompetent bunch of elitist boobs could actually create such an order as is subscribed to by many.) They have decided the world will revolve around money while little people are enslaved to perform labor at the lowest possible rate that can be found on the planet. And we shall call it free markets. The entire supply of world labor gets bludgeoned. All while bankers, who espouse this view, attempt to further their monopolistic practices. This reminds me of a comment made by a regular meathead on the comedy channel a year or so ago that we should outsource all of our production to China and simply run the world's money. Brilliant! The irony to that statement is that he was likely top ticking the financial economy for the next decade or more.
So, what am I talking about? My last post referenced a trader telling me he was about to retire due to excessive market manipulation. How coincidental (Not really. Although it was nice timing.) that a few days ago Reuters wrote of market manipulation by scheming financial entities. Regardless of any unintended consequences outlined in this article, these were schemes meant to deceive the general public and to give large financial firms a significant advantage to either run investment purchases or dump their investment trash before you had opportunity to respond in the open markets. Or, simply put, to rig financial markets and leave everyone else holding the bag. How many more ways can Wall Street try to screw Main Street? Seriously. Thank your friendly financial institution because most of the major players appear to be participating. And thank your government for enforcing transparency and regulation to protect the consumer and other market participants. Better yet, why don't you write your government an email or two or three and tell them you demand some action on all of this.
Here's the Reuters' story. I don't advise you to read this on a full stomach.
The new world order has decided the little people are not important to the future of society. ( I use this sarcastically to describe financial institutions because I do not believe some incompetent bunch of elitist boobs could actually create such an order as is subscribed to by many.) They have decided the world will revolve around money while little people are enslaved to perform labor at the lowest possible rate that can be found on the planet. And we shall call it free markets. The entire supply of world labor gets bludgeoned. All while bankers, who espouse this view, attempt to further their monopolistic practices. This reminds me of a comment made by a regular meathead on the comedy channel a year or so ago that we should outsource all of our production to China and simply run the world's money. Brilliant! The irony to that statement is that he was likely top ticking the financial economy for the next decade or more.
So, what am I talking about? My last post referenced a trader telling me he was about to retire due to excessive market manipulation. How coincidental (Not really. Although it was nice timing.) that a few days ago Reuters wrote of market manipulation by scheming financial entities. Regardless of any unintended consequences outlined in this article, these were schemes meant to deceive the general public and to give large financial firms a significant advantage to either run investment purchases or dump their investment trash before you had opportunity to respond in the open markets. Or, simply put, to rig financial markets and leave everyone else holding the bag. How many more ways can Wall Street try to screw Main Street? Seriously. Thank your friendly financial institution because most of the major players appear to be participating. And thank your government for enforcing transparency and regulation to protect the consumer and other market participants. Better yet, why don't you write your government an email or two or three and tell them you demand some action on all of this.
Here's the Reuters' story. I don't advise you to read this on a full stomach.
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