I think you'd have to be brain dead... or on the payroll... to not recognize that the markets ARE manipulated.
Of course they are...
The Fed's only PURPOSE is to manipulate the financial markets ? It's their job ? They change interest rates randomly... to manipulate the markets based on that ? They conjure money out of thin air, and give it only to their best friends... in order to buy others cooperation in manipulating the markets in other ways ?
They profit from it... and pretend its a governmental function being done in the public interest ? And they lie about what they are doing... and about the impacts it will have... in order to induce others into acting particular ways... for reasons of their own ?
Or, is it not true that they're even reduced now to being active direct participants in the market... even buying stocks, and junk bond ETFs directly as market participants ?
Hello ?
Watch OPEC dithering over oil ? They're not very good at it... beyond the element in staging the theatrical... but imposing a monopoly controlling supply... to enable coordinated price setting... is nothing but market manipulation ?
That monopoly function in oil... is no different than the monopoly function imposed in money ? And a key requirement in preserving the monopoly... and the power and control that come with it... is forestalling competition in substitution for your product ?
If you don't understand that... you'll never understand how markets work... and why they don't, when they don't work as we expect ?
The rest of his... is NOT objective truth... just an opposing and obviously partisan input.
Worse, none of his arguments, as presented, are based in any real information that matters. He's presented nothing more than ad hominem... nothing more meaningful other than name calling ? He's cast aspersions on others character... but has only dissembled in addressing the core issues.
Reality in the financial markets... is that a criminal conviction is nearly impossible to get... no matter how criminal your conduct. How many bankers are in jail for the mortgage frauds exposed in 2008 ?
If you are actually charged... it mostly means you're not enough of a team player... or play for the wrong team... but otherwise it isn't much of an indictment in terms of relative quality in character.
The most dangerous ones... haven't been drummed out of the business... for not being a team player.
The rest of his argument... was itself a fraud.
Is leverage a problem... or is it benign ? Sure, you can have that debate... but it isn't the point, rather than a deflection ?
That should be clear enough, today... because all the leverage in the world... isn't making silver and gold actually appear in a form that's available for delivery... when delivery is required ? Position limits are a thinly veiled fiction...
The market is not wrong... in pricing physical differently from the "derivative" that can't be delivered ?
If as the COMEX says... the gold and silver are there in the warehouse ready to be delivered.... why would they ever need to borrow 400 oz bars from the U.K. just to be able to pretend they're the same thing ?
If they empty the warehouse by delivering what they have... because the demand is there for it being delivered... then, what are those contracts left being traded actually being traded FOR... when the warehouse is empty ?
The fraud inherent in his argument... lies in his implicitly claiming that the leverage used... doesn't result in divorcing price setting functions from the actual physical trade in the commodity underlying the contract.
That is what occurs... and leverage clearly is a part of that... but it isn't an issue in the use made of the leverage in practicing the pricing fraud ? It is not the leverage itself, that is the source of a problem ? The problem isn't the leverage on a bet... that is settled based on others determination of the price ? The problem is the substitution of the bet, itself, as if its existence were creating a new source of supply... that fraud then using the wholly fictional expanded supply thus created... to change the price with surplus supply by the influence from leverage that is not limited to settling the financial risk... but is employed in artificially inflating "supply" AS A PART of the price setting function... faking the supply... to fictionalize the price... before the bet is settled.
The trade, as conducted now, clearly is a fraud.
In silver it is VERY clear... that the "price" is being deliberately set... controlled... by the trade in paper... not by the trade in real, physical, settled in physical... making the entire market not a fiction... but a fraud.
Given that as fact, ignoring the how and why it happened... [ if the market supply IS a fiction and in result the market is a fraud... that requires that the price is a fraud... ?],
Then:
What is it, exactly, that is driving the changes and setting the prices... if it is not free market functions based in the actual supply and market demand for the physical ?
Before answering yourself... ask that same question about the pricing in oil, today... ?
Money and oil are not different... because both are purposeful monopolies... managed by cartels.
He's lying to you when he's telling you that's not true about money. |
