Patience Will Prevail in a Rigged EnvironmentIceland is a great example of where the banksters infiltrated the country’s 3 banks so that they could milk the citizens through bad investments. The population of Iceland (300 000) rose up and refused to be on the hook for the banksters’ crimes, so much so that they took to the streets which resulted in their prime minister resigning and a referendum being held. The citizens voted unanimously (93%) against bailing out the banks with their own money and austerity measures being forced upon them, instead the country’s justice system started jailing the banksters and politicians responsible for the crimes intended to fleece the public. There’s no news about Iceland in the MSM because the banksters want the western world to pay for their greed without any other option.
In Oct 2011 Greece’s prime minister George Papandreou agreed to hold a referendum to see whether the citizens were in favour of more bailouts and austerity measures. The banksters could not risk another unanimous vote as Iceland’s and conveniently enough George Papandreou resigned before the referendum and New Democracy party leader Antonis Samaras was elected as prime minister by the people - even though he was in favour of deeper austerity measures and privatizing the governments assets. Why the change of mind by Greece’s citizens? During the elections High frequency trading entered Greece’s markets and propped it up to make it look like their situation wasn’t as dire. After the elections the market slipped back to it’s normal depressed state. Now there are talks to privatize Greece's power company and even it's water??? We witnessed what happened in South America when such privatization took place - banksters and politicians have no moral conscience whatsoever, just the insatiable appetite to fill their own selfish desires!!
The big banks that were involved in the Libor scandal all have their own High Frequency Trading Platforms which is basically insider and wash trading because they have the information before the common investor and utilizes the seconds to it’s advantage. It’s a rigged system that accounts for over 70% of market trading now. Does anyone really believe that the banks aren’t rigging HFT in their favor is in denial to the highest degree. Most bankers will not see jail time because they have the politicians in their back pocket, the only way to fix the system is to send them both to jail.
Computers (HFT) can move prices up or down on various markets for virtually zero cost.
Posted on June 27, 2012 by
High-frequency trading firms are drawing scrutiny from U.S. regulators seeking evidence that they may be distorting market prices by conducting transactions with themselves.
We’ve seen this in the Silver market for years. We’ve seen this in the S&P for years. For virtually no money, Wall St. can move the price of Gold and Silver down and the price of stocks, bonds, and the dollar higher – until the pinball market machine goes TILT!!! and the game is over.
How long have we heard the canard, ‘for every seller there is a buyer, so the idea that players are moving prices around (for virtually zero cost) doesn’t add up.’ This report from Bloomberg puts the lie to that argument. When the cost of funds are virtually zero (thanks to zero % interest rates) and the cost of putting on virtually infinite number of trades is also virtually zero you can see how easy it is to spoof markets with hundreds of millions of fake orders (wash trades) to move prices up or down. If this were being down for economic reasons, that would be bad enough (as is the case with the President’s Working Group on Markets – post crash of 1987), but this is now being done for political reasons. Politicians, doing the bidding of kleptocrats and fascists, are moving prices around to secure political outcomes.
We saw this most recently in Greece. Just before the election, it looked like banker-bashing Syriza was going to win, HFT was used to create a fake rally in Greek bank stocks to create the illusion that maybe things were not as bad as people were saying. It worked. Syriza lost by just a few percentage points. Bank stocks then quickly resumed their downward slide after the fake support using HFT was pulled.
This is what I call ‘Price Propaganda.’
Price changes change people’s perceptions whether they are aware of this or not. And it’s a very bad thing when Wall St. can change perceptions (by changing prices) to reengineer society in ways that pry open wider wealth and income gaps.
Even people who have never traded a stock, don’t know CNBC from the Cartoon Network, or have never seen a copy of the Wall Street Journal are prone to being manipulated by price change propaganda. In a world devoid of any accounting standards tied to tangible benchmarks (like Gold) prices and truth become relative. And what becomes relatively truthful in the minds of a few becomes the accepted wisdom of the many as warped, price-propaganda-influenced-actions ripple through our day-to-day reality; whether by making it look like the cost of war is ‘cheap’ or the cost of environmental disaster is invisible or the rewards associated with the IPO’s of ponzi-scheme-social-networking-stocks are acceptable.
SOURCE:https://maxkeiser.com/2012/06/27/computers-hft-can-move-prices-various-markets-virtually-zero-cost/
Turning the table on high-frequency traders
Robert Gottliebsen
July 19, 2012
“A key executive of one of Australia’s largest retail stock brokers has blown the lid on what he calls the “market rigging” which is taking place on the Australian stock exchanges.
He was commenting on my article (Getting the jump on high-frequency trading, July 18).
Bell Potter’s managing director for its wholesale division, Charlie Aitken believes that the “market riggers” – the so-called high-frequency traders – are causing the community to lose faith in Australian and world stock markets.
Aitken believes that the high-frequency traders account for at least 75 per cent of Australian market turnovers. While nominally the HFT traders are mostly household names among institutional brokers, Aitken believes these brokers are acting for shadowy anonymous overseas traders.
Aitken says that it is a national scandal that 75 per cent of ASX turnover is being conducted by unknown people whose solvency is uncertain and who could cause an Australian market meltdown if they collapsed. Aiken says these unknown people are not only manipulating the market but are the main cause if the violent share price fluctuations. In turn these fluctuations are driving retail investors out of share markets.
Aitken says that the justification that the “market riggers” provide liquidity to the market was simply incorrect. They are merely taking cream off the market – it’s a form of “legalised scalping”
Rest of article: https://www.businessspectator.com.au/bs.nsf/Article/Market-rigging-high-frequency-trading-dark-pools-pd20120719-WBSR2?opendocument&src=rss
Excellent documentaries by Adam Curtis revealing how the world has changed to a parasitic system that feeds off of our search for happiness.
The Century of the Self
The Documentary
.
All Watched Over by Machines of Loving Grace
The Documentary
.
The Trap
The Documentary