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I have
long written of the exponential increase of government intervention in
ALL paper markets, such as stocks…
President’s
Working Group on Financial Markets
…bonds…
Federal Reserve
– Quantitative Easing
…currencies…
Exchange
Stabilization Fund
…and
Precious Metals…
CFTC
Commissioner Bart Chilton comments on the Silver Investigation
Moreover,
I have highlighted the EXODUS of U.S. equity outflows for the past two
years…
Surge
in US equity funds outflow
…in
response to a decade-plus of losses…
U.S.
Stock Outflows: a 12-Year Grudge
…let
alone, the wholesale shunning of “PAPER PM Investments”,
as evidenced by plunging COMEX “Open Interest”…
…and
Open Interest/Price, of both gold..
…and
silver…
…let
alone the abysmal performance of mining stocks, both LARGE…
…and
SMALL…
This
weekend, my good friend Mike Krieger did his debut interview with Lauren Lyster of Capital Account, in which he beautifully
lays out the mindset of Wall Street investors, and why they are FLEEING the
once venerable institutions charged with raising and distributing capital.
Both Mike and I are in this group of former Wall Street analysts, having left
due to disgust regarding conflicts of interest, market manipulation,
and the lack of personal satisfaction engendered by such a toxic
environment…
Debut
Interview on Capital Account with Lauren Lyster
– Mike Krieger
Wall
Street and London’s “City” are a shell of their former
selves, no longer engaging in “traditional businesses” –
underwriting and Mergers & Acquisitions – as those businesses died long
ago, the victim of a 12-year (and growing) bear market and recession. In my
words from yesterday’s RANT, “Banks no longer lend, but
speculate and steal.”
Thus, the
only remaining Wall Street businesses are the government funded (via
ZIRP) “carry trade” – itself, near death due to
quantitative easing; HFT algorithms (can you say “NITE JUSTICE?”);
and, generally speaking, trading on inside information care of
government relationships since the ill-begotten, banker-driven repeal of the
Glass-Steagall Act in 1999.
Glass-Steagall Act
It took me
an entire decade to understand the commandeering of financial markets
– let alone, the irreversible bear that can ONLY end with
currency collapse; and with each passing day, my advice has grown shriller.
AVOID ALL SPECULATIONS, as the GREAT BEAR MARKET will destroy them all. And
what few scraps the BEAR ignores, the PAPER MANIPULATORS will gobble up. The
ENTIRE investing world is “LEAVING THE SANDBOX,” and the longer
you stay, the greater the odds of going BANKRUPT!
PROTECT YOURSELF,
and do it NOW!
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