Market manipulation

GameStop And The Ongoing War Between Elites And Populists

~ admin ~ Leave a comment

GamestopSean Davis – For those who haven’t heard, there’s a bit of a brouhaha brewing with the video game retailer GameStop, which is publicly traded. Much of Wall Street soured on the company, believing it to be the next Blockbuster or Radio Shack: a dinosaur from a bygone era that has no hope of succeeding in the increasingly internet-run future. As a result, a major Wall Street hedge fund worth billions decided to make a bet that the company’s already low stock price would just keep going lower.

The traditional way to make money in stocks was to find a company that was worth more than what its stock price indicated, purchase the stock at a bargain, and then make your money either through the company’s distribution of its profits back to its equity owners or the appreciation of its stock price. Buy low, sell high. But you can also make money betting on a company to eventually circle the toilet. This is called shorting. Continue reading →

Securities And Exchange Commission Hacked

~ admin ~ Leave a comment

insider tradingJoseph P Farrell – We’ve seen a spate of hacking lately that makes one wonder what is going on and who is behind it: indeed, are we dealing with just one “who”? or a multitude? And if a multitude, are their activities coordinated in any way? If one looks at all the stories in recent years, going all the way back to 9/11 (and indeed further), then the total picture looks grimly compelling.

There was the Sony hack, of course, but since then, we’ve heard stories and allegations of the hacking of major banks: JP Morgan Chase, even the Federal Reserve, and, just yesterday I blogged about the implications of recently fired Vatican bank auditor Libero Milone, who’s short statement implicates similar activity against (or by?) the Vatican bank.  Then the Social Security administration, credit reporting agencies like Equifax, and so on.

On 9/11, as I outlined in my book Hidden Finance, Rogue Networks, and Secret Sorcery, there were reports from workers at Deutsche Bank in New York that their system had been invaded and non-responsive for about seven seconds, apparently trades were executed, just before the planes struck. As is known, during the following week, normal securities clearing regulations were suspended, which allowed securities to be substituted for other securities that were scheduled to clear. We’ll get back to the SEC in a moment. Continue reading →

Financial System Held Together with Bailing Wire & Chewing Gum [w/ Video]

~ admin ~ Leave a comment

HemkeGreg Hunter – Financial and precious metals expert Craig Hemke contends profits in the stock market, in the past few years, came with extreme hidden risk. Hemke explains, “I know why I own precious metal and am continuing to buy it, and that is what I am telling people to do.  I mean the price has fallen for totally uneconomic reasons, manipulation being one . . . but anyway, I have used that weakness the last three or four years to keep buying.  So, now with this recovery, all of my metal on a cost basis is less than what the current price is.  That’s worked out quite well.

“I am not going to argue with anybody that says you should have sold all your gold in 2011, with the benefit of hindsight, and you should have bought the S&P.  You would have made 100%, and hey, knock yourself out.  The reason I didn’t attempt to do that is knowing full well anytime between 2011 and today I could have woken up and the whole system could have blown up. That’s how fragile it is.  It’s all held together with bailing wire and chewing gum.” 

http://youtu.be/ZHpL5u2kY0c

On the prices of gold and silver, Hemke says, “I do think we have turned the corner. I think we came down in both metals and found what seems to be a physical floor at about $14 (per ounce) in silver and about $1,100 (per ounce) in gold.  In price, we’ve had a great year, and the miners have confirmed that with a huge move in the last six months.  The miners are up 160% or something like that.  It’s been a tremendous move. I really think the resumption of the former bull market has begun.

Continue reading →

Global Economy Dying – No More Rate Hikes [Video]

~ admin ~ Leave a comment

Kirby Greg Hunter – Macroeconomic researcher Rob Kirby predicted the Federal Reserve’s interest rate increase late last year “would be one and done.” Kirby explains, “They had no business raising rates in the first place because the economy was not exhibiting enough strength to warrant any rate raises whatsoever, and there won’t be any more interest rate raises because the economy continues to roll over.  Doctored economic data cannot make the sick pig that the global economy really is look any better.  It doesn’t matter how much lipstick you put on that dying pig. It’s still a dying pig.”

https://youtu.be/KNR3FreTJfQ

Kirby says if the Fed did raise rates, you get another record fall in stocks, which is what happened in January. Kirby goes on to say, “The reality is that’s probably what should be happening right now in the stock market, but we know that the stock market is manipulated, just like we know LIBOR (London Inter Bank Offered Rate) is manipulated. Just like precious metals are manipulated, their prices are suppressed. . . .

Continue reading →

Why the Market Could Soar From Here

~ admin ~ 1 Comment

gameCharles Hugh Smith – We all know the global economy is slowing, so why would stocks soar from here? The basic answer was articulated by Chris Martenson: because this game is for all the marbles.

If the Powers That Be let markets melt down from here, where’s the bottom? Where’s the plan to bail out all the pension plans, banks, insurers, etc. that will be crippled by a full-blown market meltdown?

It would be a lot cheaper and less painful to prop up stocks at these levels (a 10% decline) rather than let them fall off a cliff to a 40% decline.

Many people dispute the idea that central planners can prop up the stock market once sellers panic. This is a worthy discussion, and the general point of disagreement is planners’ ability to counter big-volume selling.

In other words, it may be possible to elevate markets in low-volume settings, but once selling picks up, planners lack the tools to stem the tide.

On the other side of the debate are those who wonder if the panic declines are as engineered as the lofting-ever-higher uptrend. What If The “Crash” Is as Rigged as Everything Else? (August 26, 2015) Continue reading →