We Live In A Free-Market System, Yet The US Govt. Controls Stock Prices.
There’s a report today that “...The USgov't controls stock prices and that the Fed and Mnuchin are buying $1,250,000,000,000 (yep Trillions) of corporate bonds resulting in spikes in the stock prices of those companies." (Thomas Kane, @thomaskaine)
This is not shocking, as the stock market is created to “mop up liquidity” and to maintain and extend wealth for those at the top; via an elaborate transfer scheme or “game” where small investors monies are funneled to big capital investors or the really rich. Unless you are connected and have huge sums of money don’t waste your time on trying to make money or get rich via the stock market. There are other things that may guarantee more returns. By the way we are led to believe that we have a free market system and a currency system that is determined by unhindered market and economic forces free from state intervention. But here we have the feds and politicians deliberately able to affect the markets through Wall Street defying general thinking that we live in a free market system unlike China and Russia.
Comments
Post a Comment