Blog Archive

Sunday, December 13, 2009

Market Manipulations

 "Making these trades transparent would tell all of Wall Street exactly what security the Fed is buying."

The idea that a Fed audit would make these market manipulations an open book throughout the year in real time is ridiculous. A Fed audit would be an annual event. It would not mean that the Fed's daily chicanery would be conducted in full view of any interested party.

Besides, a select group of primary dealers already knows what securities the Fed is buying- they're the ones assigned with the task of executing the market manipulations. The Fed farms all this out to various brokers and hedge funds. The Fed's hand is evident in the futures markets every day. There's no real mysterious voodoo to how they rig the markets, or any mystery about who they rig them for. It's a bonanza of insider trading info and endless opportunities to front run the market for the privileged kingpins. This is why private control over monetary policy is the Holy Grail for the banking cartel- you get to make the market your servant. If you are making the market, you reduce your risk exposure dramatically.

The Fed has relentlessly debased the currency , presided over a roller coaster of bubbles and crashes, and enabled politicians to bury us in red ink funding wars all around the globe. How anyone could think that the Fed has earned the right to continue on with business as usual amazes me.

No comments:

Post a Comment