Free Markets over here? Yeah, right..ha ha ha

Run time: 06:34 https://www.youtube.com/watch?v=4-tu-eDUJsA   Posted on YouTube: April 23, 2010 By YouTube Member: raoul116 Views on YouTube: 1   Posted on DU: April 23, 2010 By DU Member: Raoul Views on DU: 1264

 

I was hoping it wasn't too dry a subject and hopefully I spoke in terms everyone could understand. The funny thing about it was that I spent a couple of hours over a couple of days reading various articles about this type of trading they do. And then I wrote and re-wrote several drafts to try and explain it in easy terms. But then yesterday (this is the funny part) I asked the Kat what she knew about algorithmic computerized trading and she explained it to me in 2 very simple sentences. LOL

So I threw out everything I wrote about it and just let her explain it in the video..

You'll question the flooding of sell orders, but will you question 16,000 visits to the same porn site? How did all those hits get logged, except by another program that generates porn site hits instead of sell orders?

I'll give you credit for having one eye open to see the manipulation of buy/sell orders. Now open the other eye and see the manipulation of history files to discredit a regulator.

I'm kinda suspicious of the stats regarding the ONE person allegedly visiting that site so many times because:
1. The Kat and I figured out that this equated to approx. 727 hits per week using a 22 workday week
2. Or, 90 hits per 60 seconds which to me is impossible..

1) They DID spent 8 hours/day, 40 hours/week looking at it because higher-ups wanted no regulation.....or
2) the "looking at porn" brush can tar all sorts of people and bring a stop to their Elliot Spitzer type investigations.

Never even thought of that especially your second premise. Very plausible..

It is like we all woke up in the middle of some ugly black operation.

It was all part of the scam. It's called Control Fraud.

Great video. It has a great populist touch to it. Something the average Joe can relate to.

are so cute and smart to boot. Naked shorting is supposed to be illegal..hahaha..pump and dump is the name of the game. And of course they're doing it with gold and silver. But here's the rub. The CFTC was warned and knew the entire scenario. Their response?
"Thanks" Don't you love hedge funds.

http://www.deepcapture.com/manipulating-gold-and-silver-a-criminal-naked-short-position-that-could-wreck-the-economy/

I feed off of her smarts..

The naked short selling you speak about is one of the major reasons why some of the financials died. And hedge funds, which you also refer to, should be banned IMO. I despise the whole concept of them - secret funds, no public disclosure, and open only to multi-millionares. All of the ingredients that make up the real socialism in this country - for them.

It sure brought down Lehman. Wasn't aware of the algorithm trading but as soon as they began talking about it I had a "duh" moment. Of course. Computer trading makes it all so simple. Would sure like to see a perp walk with the hedges that stole over a trillion from our economy. You're so right. Socialism for the wealthy. Modern day Al Capones.

Dunno if I heard this correctly a few months ago, maybe even longer perhaps last year. Anyway, one of the pundits mentioned something about 600-700 trillion in hedges or out of them sitting on the sidelines.

It boggled my mind because I cannot fathom anything more than a trillion. What comes after that - a gazillion?

a sea of piranha. That scares the heck out of me. They must be pumping it up right now. We have a 401K we can't take out for one more year. Not that big but is all we have. No I can't fathom a million..lol

This should be prime time shit. I've seem similar reports on Frontline and such (PBS), but people need to know how these guys are using this racket. Even the folks that don't get it can't miss the point of this oration. I've spoke to my parents about it a bit, as I'm not even a trader, but been around the biz enough to smell the shit. They didn't really get what I said, and didn't seem to be all that worked up. But I bet there are plenty of people that would if they knew.

CNBC is shameless, and so glad to hear someone rip Larry the Dinosaur Kudlow. Scumbag.

The porn thing sounds a bit off...we'll probably see something come to light as the ACORN thing did. So easy to get the press to jump on something without actually looking into the report. The Inquirer has taken over the media. Investigative reporting is hard to find. That's why we're all sheep in this country. Fat, ignorant sheep.

Nope, thank YOU. You've pretty much summed up more than what we even spoke about especially the part about people being fat, dumb sheep. This may be psychological problem on my part but I have utter contempt for the majority. I exclude the 10% who are the real thinkers - people like the one on various blogs that take the time to research, think, and write about the real issues in our country. But the other 90% are followers who deserve all the shit they get. I know this may sound harsh but I'm speaking solely from empirical observations based on my own experience regarding society.

It's too bad. I love my family and know good people are out there. Smart, caring people. I have a 2 year old.

But I feel we are going to, and NEED to, reap what we've sewn. Not just on the latest Wall Street debacle either.

Everything. And this even goes for those that live outside our borders.

I got a bit out there, but I just don't get how we have thinking brains, yet we so seldom use them in a good way. Or, at least the BAD ways seem to trump the good ones, as it takes one McVeigh to ruin the lives of so many, and takes so many it seems to help just a few.

Thanks but it's only taken me about 3 years to finally figure out the scam. LOL