You know what, I can't put my finger on it,exactly, it just sort of makes sense what happened now I read that, if I study this I may understand why I started trying to understand all this whoop ass bank world bullshit, then,,,I remember... I use drugs...who needs money? Maybe I don't care? I better keep thinking.
We hear you. Several perceptive wags on Twitter during the dark ages of early 2020 remarked this entire exercise was a cover up for how very broke the progenitor’s of this massive Ponzi scheme actually are - economically, morally, scientifically, politically and spiritually . Who knows? But appears we are on the brink of a planetary economic collapse of unprecedented proportions. World War and a depression - have we seen this movie before? Hang in there.
Another area that seriously undermines the credibility of U.S. markets are the Dark Pools operated by the mega banks on Wall Street. The SEC is allowing the trading units of these banks – which have been charged with colluding on prices with each other in the past – to trade each other’s stocks in the dark as well as to make thousands of dark trades each week in the stock of their very own bank. (See our report: Wall Street Banks Are Trading in Their Own Company’s Stock: How Is This Legal?)
Then there are the ginned-up derivatives cooked up by Wall Street mega banks that allowed the Archegos family office hedge fund to artificially inflate the price of stocks like ViacomCBS by providing as much as 85 percent loans on margin trades. When Archegos blew itself up with those margin loans, the stocks they had artificially inflated crashed, leaving innocent investors who had bought on the way up suffering severe losses. (See Archegos: Wall Street Was Effectively Giving 85 Percent Margin Loans on Concentrated Stock Positions – Thwarting the Fed’s Reg T and Its Own Margin Rules.) As far as we are aware, no action has been taken to outlaw those derivatives on Wall Street.
Another structural outrage is that Wall Street customers are not allowed to bring their claims against Wall Street trading firms into the sunlight of U.S. courts. Instead, the claims must go into Wall Street’s private justice system called “mandatory arbitration” or “forced arbitration” where Wall Street insiders are allowed to sit as judge and jury. Reasoned written decisions based on case law and legal precedent are not provided; discovery is limited; the media is barred from being present; there is no right to appeal the decision to a court; and the arbitrator fees charged to the plaintiff can be staggering compared to the nominal entry fee to bring a claim in court.
Right on with some Hawkwind. The report also.
You know what, I can't put my finger on it,exactly, it just sort of makes sense what happened now I read that, if I study this I may understand why I started trying to understand all this whoop ass bank world bullshit, then,,,I remember... I use drugs...who needs money? Maybe I don't care? I better keep thinking.
We hear you. Several perceptive wags on Twitter during the dark ages of early 2020 remarked this entire exercise was a cover up for how very broke the progenitor’s of this massive Ponzi scheme actually are - economically, morally, scientifically, politically and spiritually . Who knows? But appears we are on the brink of a planetary economic collapse of unprecedented proportions. World War and a depression - have we seen this movie before? Hang in there.
https://www.zerohedge.com/geopolitical/connecting-dots-covid-svb-and-beyond
https://wallstreetonparade.com/2022/12/mr-gensler-the-u-s-stock-market-structure-is-an-institutionalized-wealth-transfer-system/
Another area that seriously undermines the credibility of U.S. markets are the Dark Pools operated by the mega banks on Wall Street. The SEC is allowing the trading units of these banks – which have been charged with colluding on prices with each other in the past – to trade each other’s stocks in the dark as well as to make thousands of dark trades each week in the stock of their very own bank. (See our report: Wall Street Banks Are Trading in Their Own Company’s Stock: How Is This Legal?)
Then there are the ginned-up derivatives cooked up by Wall Street mega banks that allowed the Archegos family office hedge fund to artificially inflate the price of stocks like ViacomCBS by providing as much as 85 percent loans on margin trades. When Archegos blew itself up with those margin loans, the stocks they had artificially inflated crashed, leaving innocent investors who had bought on the way up suffering severe losses. (See Archegos: Wall Street Was Effectively Giving 85 Percent Margin Loans on Concentrated Stock Positions – Thwarting the Fed’s Reg T and Its Own Margin Rules.) As far as we are aware, no action has been taken to outlaw those derivatives on Wall Street.
Another structural outrage is that Wall Street customers are not allowed to bring their claims against Wall Street trading firms into the sunlight of U.S. courts. Instead, the claims must go into Wall Street’s private justice system called “mandatory arbitration” or “forced arbitration” where Wall Street insiders are allowed to sit as judge and jury. Reasoned written decisions based on case law and legal precedent are not provided; discovery is limited; the media is barred from being present; there is no right to appeal the decision to a court; and the arbitrator fees charged to the plaintiff can be staggering compared to the nominal entry fee to bring a claim in court.
https://twitter.com/TNTJohn1717/status/1637381072919863298?s=20