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J.S. Kim - All markets are manipulated

derrybderryb Posts: 36,990 ✭✭✭✭✭
in Precious Metals
Makes a good argument as to why there is no such thing as a "free market." By controlling supply or demand (or both), the manipulator profits. Pretty good read for those who are open to possiblitilies:

Inside the Illusory Empire of the Banking Commodity Con Game

The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

Comments

  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    image GREAT new avatar derrybimage
    Avid collector of GSA's.
  • derrybderryb Posts: 36,990 ✭✭✭✭✭


    << <i>image GREAT new avatar derrybimage >>


    This was my second choice:

    image

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Besides no free markets we also have:

    -there are no investments any more, it's all about speculation.
    -there is no such thing as a risk free investment, not cash, not bonds, not anything. Well, the one exception mentioned in the article were the banks getting 3% interest from the FED which is then leveraged up 20X to make 60% on the taxpayers. About as risk free as you can get.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • derrybderryb Posts: 36,990 ✭✭✭✭✭
    Investments have always been nothing more than speculation.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • CaptHenwayCaptHenway Posts: 32,270 ✭✭✭✭✭
    There's an old saying, "If you sit down at a poker table and you can't figure out who the sucker is, the sucker is YOU!"
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
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