Stock markets and commodity exchanges are casinos where the “house” always wins. The act of “trading” has become “high speed trading” which means that the fastest computers win. The system is rigged. And the average player will never win. There are only a few winners in what we are calling “Exchange Casinos” and those are the stock and commodity brokers who belong to a “betting establishment” that is tax exempt in all of its trades and purchases. Over $2 quadrillion per year in trades happen in just two Exchange Casinos–the CME Group, Inc. and ICE, Inc. These private corporations run their casinos with high-speed computer programs that have high-jacked 80% of U.S. mortgages and 100% of the stocks, bonds, commodities and futures traded on the New York Stock Exchange (NYSE:ICE) and the Chicago and New York Mercantile Exchanges and the many other exchanges owned by CME and ICE. Read More…
Goldman Sachs and Morgan Stanley Sell a Massive $19 Billion Worth of Shares in Chinese Tech and US Media Companies
Goldman Sachs and Morgan Stanley have reportedly sold $19 billion worth of shares in Chinese tech and US media companies. Traders are now wondering what caused the unusually massive move and whether it will continue next week. Goldman Sachs alone liquidated $10.5 billion worth of stocks in block trades on Friday, Bloomberg reported citing the investment bank’s email to clients. The first batch, that included $6.6 ...
Final Presidential Debate before 2020 Presidential Election: Donald Trump vs. China Joe
President Trump trounced Joe Biden during their final debate Thursday night in Nashville, Tennessee. It wasn’t even close. Biden was looking at his watch because he couldn’t wait to get the hell out of the ring (I’m also told the debate took place in the middle of a Matlock marathon.) I was looking at my watch because I didn’t want it to end. A quick word on ...
Leaked Documents Reveal Right-Wing Oligarch Plot to Overthrow Mexico’s AMLO
Some of the most powerful forces in Mexico are uniting in a campaign to try to topple the country’s first left-wing president in decades, Andrés Manuel López Obrador. And they apparently have support in Washington and on Wall Street. Known popularly as AMLO, the Mexican leader is a progressive nationalist who campaigned on the promise to “end the dark night of neoliberalism.” He has since implemented ...
Survey: America’s Most Trusted Brands are USPS, Amazon, Google and PayPal? Only 4% Trust Hollywood!
Although actors and actresses garner endless media coverage — and spend a lot of time telling all of us how they feel about President Trump — Americans don’t trust them. According to a poll released by Morning Consult, just 4% of Americans trust Hollywood. That’s lower than the number that trust Wall Street (5%) and the U.S. government (7%). The news media comes in at a ...
How Every Asset Class, Currency, and Sector Performed in 2019
Another year is in the books, and for investors 2019 was quite the turnaround story. Despite an early backdrop of heightened volatility, escalating trade tensions, Brexit uncertainty, and calls for a recession, the year progressed in an unexpectedly pleasant fashion. The Fed used its limited arsenal to provide additional stimulus, and global markets soaked it up to extend the decade-long bull run. By the end of ...
WSJ Investigation Further Debunks Google’s Claim of No Manual Intervention in Searches
A major investigation by The Wall Street Journal has unearthed yet more material in a growing pile of evidence that shows Google manually intervenes in its search results, sometimes in a manner that favors the political left. The investigation, a product of multiple reporters working over several months, shows among other things that: Following complaints from pro-abortion group Naral, 39 percent of Google search results for the term ...
Actual US Debt May Be $400 Trillion, or 20 Times GDP | Wall Street Report
The last combined debt figure was $200+ trillion. Now, a new Wall Street report says it’s actually 2000% of US GDP. Yet, the US government still has maintained its $750 billion annual Pentagon budget. How can the Americans tolerate that? $400 TRILLION HOLE? Actual US debt may be 2,000% of GDP, says Wall Street report … Continue reading Actual US Debt May Be $400 Trillion, or ...
Netflix U.S. Subs Drop in Q2 after Threatening Boycott of Georgia’s Economy after the Passage of the Heartbeat Law
For the first time in eight years, Netflix lost subscribers in the U.S. — dropping a net 130,000 for the second quarter of 2019 — and added nearly 2 million fewer international customers than expected, sending the stock tumbling. Paid subscribers grew by 2.7 million, including 2.83 million internationally, almost half that of Netflix’s previous guidance of 5.0 million net adds (300,000 in the U.S. and ...
Merrill Lynch Caught Criminally Manipulating Precious Metals Market “Thousands Of Times” Over 6 Years
Remember when it was pure tinfoil-hat conspiracy theory to accuse one or more banks of aggressively, compulsively and systematically manipulating the precious metals - i.e., gold and silver - market? We do, after all we made the claim over and over, while demonstrating clearly just how said manipulation was taking place, often in real time. Well, it's always good to be proven correct, even if it ...
Report: Billionaire George Soros’ Investment Management Firm Sold Off Shares of Facebook, Netflix and Goldman Sachs just Before they Tumbled
Billionaire George Soros’ investment management firm has saved millions after completely selling off its shares of Facebook and slashing its stakes in Netflix and Goldman Sachs just before the stocks nosedived, a report said Wednesday. Soros Management Fund saved $17.7 million in the fourth quarter by dumping the three stocks, Barron’s reported. Goldman tumbled 15 percent in the fourth-quarter, while streaming-content giant Netflix plunged 29 percent since ...
