Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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Feb 3 4:00 PM EST

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To: Fintas who wrote (41203)	12/4/2012 2:03:48 PM
From: FCom777	Read Replies (2) of 222848

Curious if your PHD friend ever arrived at any conclusions regarding how off-scale the naked equity shorting really is. My sense is that it is truly off-scale - especially for certain sectors - specifically gold/silver mining companies. They have been specifically targeted by Fed Banksters - who own the DTCC - to raise incredible sums of cash. As a result, mining companies are being squeezed in a big way. Seems clear to me that fractional banking principles have been applied to equities. Anecdotally, try to get a a real stock certificate in your name sent to you by your broker. Fees associated with this request are ridiculous - often hundreds of dollars. There is a reason for this. The only question I have is how bad the problem really is. Is the ratio of counterfeit shares to real shares 10 to 1 ? 100 to 1 ? Or even higher? This is a huge reason why the capital formation process that equity markets are supposed to fulfill has been hijacked by the Fed. If this problem is ever addressed, equity prices would really soar and the economy would benefit. As much as I hate additional govt oversight - there really needs to be an independent agency that brokers report the numbers of shares owned and shorted by their clients. These numbers need to be reconciled with the shares outstanding so that there is some check/balance to the DTCC. As it stands, in my opinion, equity ownership is entirely fraudulent. ETF's are even worse ...

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