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To: Toddsterpatriot
Right on cue! Mister insults and narcissism.

You know what Todd, lots of these dishonest manipulations and shenanigans are "legal" in a sense, but not if fraud is committed, or conspiracy. And I wager fraud and conspiracy happen every single trading day. Taken together, this scurvy will infect our entire system. You can pat yourself on the back for your contribution to it. What did they imprison Enron for that was so worse than the collective scam of today's money gamblers?

26 posted on 09/28/2015 6:40:43 PM PDT by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: SkyPilot
You know what Todd, lots of these dishonest manipulations and shenanigans are "legal" in a sense

Arbitrage is not a manipulation or shenanigans.

And I wager fraud and conspiracy happen every single trading day.

I'm sure they do. But arbitrage is not fraud or conspiracy.

You can pat yourself on the back for your contribution to it.

Pointing out stupid errors has not contributed to the "infection of our entire system". Not even a little bit.

29 posted on 09/28/2015 6:46:08 PM PDT by Toddsterpatriot ("Telling the government to lower trade barriers to zero...is government interference" central_va)
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To: SkyPilot; All
I'm trying to think of this whole thing logically.

Isn't this what usually happens?....The Fed investigates and finds that some big banks have been very bad boys. So the banks get fined. Personally, I'd much rather the money were being paid to savers in the form of interest on their savings than being given back to the casino.

So what happens? Well, these banks are "too big to fail" so the feds give them money so they don't go out of business. Yup, they give them back those fines and even print some more to give them. They call it debt the US taxpayer has to pay back, even though we got nothing and the big boys got everything. They get tens of millions of dollars in salary and bonuses, and we can't get a lousy 1% interest on savings.

Now we're getting all kinds of buy gold! and buy silver! suggestions. Which is fine, if we little folk actually have possession of the metal, and know how to sell it if we need to without getting ripped off.

And what about those Precious Metal IRAs and certificates of safe keeping etc? You can't fix stupid. I'd assume that the little folk will never see the metal. If we have paper that says we own precious metals, what we own is paper.

What's the little guy and gal to do? I'm thinking have long term purchases and repairs done. Have no debts. Have enough stuff to be able to stay at home and be self-sufficient for two months or so. Be very aware of fast moving events, and get out front of any panic setting in. Have something that can be bartered if people lose trust in cash and the banking system breaks down.

Please, correct me where my thought process errs.

54 posted on 09/29/2015 5:29:13 AM PDT by grania
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