Skip to comments.The Invisible Hand (of the U.S. Government)in Financial Markets
Posted on 04/08/2005 2:09:33 PM PDT by RightInEastLansing
Summary: The U.S. government is manipulating all major U.S. financial marketsstocks, treasuries, currencies. This article shows how it is possible and how it is done, why it is done, who specifically is doing it, when they do it, and where they get the money to do it.
Most people probably believe that the major capital markets in the U.S. are basically true markets with, occasionally, maybe very occasionally, a little bit of rigging here and there. But evidence shows that the opposite is the casethe rigging is fundamental with a little bit of true markets here and there. I have discussed how this works concerning U.S. and some other stock markets in an earlier article. Here I will primarily discuss the rigging of currency and U.S. Treasury markets.
Perhaps the main reason for the urban legend that major markets are not generally rigged is that they are assumed to be too big; the millions of independent buyers and sellers, worldwide because of globalization, make effective and sustained coordination impossible. The implicit assumption is that any market could be systematically rigged if it were small enough, or at least small enough at some critical choke point....
(Excerpt) Read more at financialsense.com ...
What do you think?
In short, he's a fruit.
There's a lot to read there, but I don't see it adding up with what I have read so far. However, it does seem there are more than a few areas of concern, even if his main argument is not quite supported.
Thanks for the post.
The best thing this country could do is return to a gold standard but that is just a pipe dream because a gold standard is incompatible with a welfare, debt-driven state...which, unfortunately, is what the US has become.
Check out this article, written by Alan Greenspan, back at a time when he acknowledged, the evil of a fiat currency
The morning of 9/11, before the Markets were offically cut off, the Really Big Players sold off their stocks ahead of others and bought short term T-Bills. As this Treasury Notes matured in the '93 & 94, they were invested back into the market and allowed the market to rebound to present highs.
There was some mention of names, they escape me at this moment. Keep in mind that they were allowed to sell off before anyone else. This was the ultimate sell high, buy low.
I remember watching more than one episode like that, back then. I kept getting this eerie feeling that I was in a casino watching a loose slot machine in action. Whenever I mentioned this, most other investors would laugh and segue off into their latest *killing*. Very surreal.
I am not big on research anymore but I bet others could find T-Bill purchases.
The thought was that these big players were needed for market stability later. To add their influx of money later to boost the economy and confidence.
The morning of 9/11, when the second plane hit, my boss and I's first thought was resession , then war. The worse would have been for the markets to stay open and risk a full-out crash. The result would have been worse than it was.
This sort of *manipulation* is positive. I would call it enlightened self interest.
My husband and I thought the same as you and your boss. 2002 was a dismal year for my hand manufacturing business, but most people seemed to have a stiff upper lip and otherwise, it was a fairly decent year, economically, for us.
"Everything that can be rigged, is rigged." Old bookie axiom.
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