- What To Do When Every Market Is Manipulated (ZeroHedge, Aug 16, 2012):
Hint: cut the strings
If you don’t know who the sucker at the card table is, it’s you.
~ old gambler’s saying
What do the following have in common?
LIBOR, Bernie Madoff, MF Global, Peregrine Financial, zero-percent interest rates, the Social Security and Medicare entitlement funds, many state and municipal pension funds, mark-to-model asset values, quote stuffing and high frequency trading (HFT), and debt-based money?
The answer is that every single thing in that list is an example of market rigging, fraud, or both.
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Tags: Banking, Economy, Fraud, Gold, Goldman Sachs, Government, Libor, MF Global, Oil, Oil Prices, Ponzi schemes, SEC, Society, Standard Chartered, U.S.