“We have all this propaganda about how globalism is bringing free capital markets to the world. Well, there’s not one here (in the US). If I’m correct in my conclusion about last Wednesday being an experiment in market manipulation, and then we add to that this policy of the Federal Reserve using its portfolio that it’s bought from quantitative easing for reverse repos, in order to further manipulate the market, then what does the market decide? Nothing. The prices of stocks today are due to the liquidity, and obviously also the bonds. So the notion that there is a capital market that is pricing things is absurd. These manipulations are pricing them. How does this differ from central planning?”
Related posts:
U.S. Construction Hits 37-Month High
Renouncing US Citizenship, for tax and political reasons
Bitcoin: a clear choice for Seattle window cleaner
Cop Convicted of Making Child Porn While On Duty, Using Police Equipment
Chinese Authorities Halt Virtual Credit Card Payments
US Tortures British Boy & Imprisons CIA Whistleblower
The 'beneficial ownership' proposition undermines tax reform
Antiwar protester thrown out of Kerry confirmation hearing
CryptoLocker crooks charge 10 BTC for second-chance decryption service
Jim Rogers: Forget U.S. markets, I’m buying Chinese and Russian stocks
The Mini-Skirt Deception: Trump and McMaster's Afghan ‘Surge’
Asset Seizures and Forfeitures and Your S Corporation
Which Nation Has the Most Per-Capita Government Spending on Healthcare?
Helpful Hackers vs. College Regulators
Still no list of Q4 2012 ex-Americans in the Federal Register