Oh God. Tens of thousands mathematicians, that could like, instead of destroying the food market and such, figure out the theory of everything, or solve the string theory, or come up with better trajectories for space shuttles to make Mars colonization or something I dunno, I am not a mathematician.
Anyway, my point is that it is a great intellectual waste, and that is the real tragedy here, even more tragic than the socioeconomic damage that is caused.
This is idiotic. Prices are going up from inflation. Period. People don't even know how speculation even works if they think every single commodity and energy product can go up at the same time for around the same amount and it's simply just "speculation coincidence"
The Fed is printing more money and the G20 meetings have had most governments accept with one another to inflate their currencies at roughly the same rate.
What historical speculation was remotely close to this?
Regulation is a tool of the corporatist state to consolidate their power. Those who think market regulation will help the "little guy" think that the same institution which is maintaining 5 wars, a drug war and a prison industrial complex is somehow motivated to sincerely help the little guy. Also unhindered speculation is nonviolent, and necessary for markets to function optimally. Speculation is not the problem, our monetary system is.
Dude, You're just another obama voter... There are many like you. What do you think happens when the government prints too much money, do things cost less? Or when they regulate the oil industry too much and make it harder for them to do their job? What do you think happens when the Gov charged 20% Tax at the pump? You see thats why youre an idiot.
@Budguy68 you cannot explain the near doubling of the price of gas in the last year. what regulation was put in place to cause dramatic change in the last year?? of course there's inflation, but the gas price rose too fast for this to be merely inflation. a steady gov tax wouldn't cause this kind of spike either...explain exactly what law or tax was put in place to cause such a dramatic rise last year and i might believe you...
could have something to do with the wars in the middle east which happened too. You leftist are just giving more and more power to the government. Regulation simply Equals more control for them.
Commodity price manipulation is the new in thing, these people also bought some of the police state harassers, so I would think this is going to get alot more intense.
When I see America’s actions now, I see the actions of a desperate people. There is no greater proof of the decline of a civilization then the actions of people who try to cling onto their past impressions of it. Of course this is the actions of the police state.
“When you see that in order to produce, you need to obtain permission from men who produce nothing; when you see that money is flowing to those, who deal not in goods, but in favors; when you see that men get rich more easily by graft than by work, and your laws no longer protect you against them, but protect them against you. . . you may know that your society is doomed.”
you people calling for different regulation are so blind. regulation is THEIR tool, not yours. the state is THEIR tool, not yours. if you are voting, you are a corporate dupe. you only get to choose between the choices they give you. the state is what empowers them
@BroBroDude Oh please. Deregulation is what got us into this. Regulation is supposed to protect YOU. Not all regulation is bad. You cant point to watered down regulation with lots of loopholes and claim it sucks.
Its actually you who has bought all their propaganda. Net neutrality, for example, isn't bad at all.
right. UL is wonderful. private regulators cannot get away with accepting bribes to help rich firms, because when e.g. BP ruins an ocean that regulator is out of business forever
if it's a state regulator, though, they don't lose business. those regulators will stay, BP will be shielded from liability and get the taxpayers to pay for it, and the whole rich lot of them will laugh and laugh as you clamor for MORE regulation
@BroBroDude What are you talking about? Private regulators? How is that not a contradiction?
I tried to make sense of what you said but I can't. BP got shielded because the regulation was inadequate. They left huge holes that capped the damages. That does not mean regulation as a concept is bad.
@progress200 "Private regulators? How is that not a contradiction?"
how can you think that it is? private regulators currently exist with massive success. do you not know what UL is? go check half the products in your home for their label
private regulators cannot successfully accept bribes to BS their job, because when shit hits the fan, their brand will be valueless. the value comes from reputation on the market
state regulators have no market to answer to; bribes are viable. see: BP
@progress200 as i said, regulation is GOOD. regulation is absolutely vital; it's paramount
but state regulation has the unsolvable problem of corruption. go look at who comprises the FDA, EPA, every major state regulator. they are industry executives from big business. most of them don't even need to be bribed covertly; their interests are transparent
that can happen with state power, but a private regulator will be out of business the moment a product with his approval poisons someone
@BroBroDude Gangsta Please, free markets? I'll let you in on a little secret: the richest most powerful people, the ones that would grind your children into paste right in front of you, masterbate with the gory pulp, then fry it up, eat it and then demand that you pay them for entertaining you... they want free markets soooo bad. They even fund massive propaganda campaigns to dupe us poor folk into believing their horse shit. Yer right, voting is the other thing these types of people hope we do.
@elbowbiter1 "the richest most powerful people...they want free markets soooo bad"
they don't. at all. they want the sweet spot of statism between free markets and dictatorship. dictatorship is no good because their wealth will be taken. free markets are no good because they will have to compete with every other provider
the sweet spot is right in the middle, where they can payoff the state administrators to erect barriers to entry to insulate established firms (rich guys) from new competition
@BroBroDude Who's going to take their with in an anarchists market? You? With all your bright ideas on how to compete? Do you think us peons will be able to compete with pre existing global giants that are already organized and connected. No sir. Rich people want to peel the state away just like a rapist want to peel off his trousers before they plunge their bare cocks into our quivering asses. You drank the corporate koolaid my friend and now they got you begging for a raping.
@elbowbiter1 'Do you think us peons will be able to compete with pre existing global giants that are already organized and connected."
absolutely. are you kidding me? they depend on you and your acceptance of their status as not-dependent on you; that's the whole point. they are 100% dependent on 'us'. the 'organization' and 'connection' you refer to has to do with STATE POWER. they have networks of connections to the power structure
what power structure, you ask? the one you keep voting for
@BroBroDude I don't vote, what do you think I am crazy? I don't have time to play pretend. I, like you, believe in decentralized energy... but I don't believe that the only thing holding back decentralized energy is a lack of free market. Capitalism itself hates decentralized energy. Raising the anarchy quota in the market will make it so energy barons can prevent the little guys from producing decentralized energy by any means the see fit.
@elbowbiter1 "Raising the anarchy quota in the market"
i don't know what you mean by this, but the 'energy barons' of today maintain their stranglehold only by the use of state power. these are among the most poweful lobbies in the world to whom every political party of import answers
no more political parties? no more central power to which the entire market defaults? no more limited liability or monopolized environmental licensing powers? no more unchallengeable 'energy barons'
@BroBroDude While there a millions of loopholes corporations use to gain unfair advantage over competition, there are only few fundamental problems. Politics will never be corruption free no mater what the political system, however if certain rules are in place (e.g. public only politics funding, guaranteed right to gather for protest) the system is quite effective.
@BroBroDude I say anarchy because that is what is ment by free markets. Most free market koolaid drinkers would never describe themselves as anarchists... but they sure believe in anarchy when it comes to the market place. I find it quite bizarre. You see the power mongers that be will be able to finalize their stranglehold and build monopolies in your anarchal markets. Why do you think it will be such a paradice for the little guy, that's the cyonide in the koolaid.
@elbowbiter1 All those I've seen advocate for "free markets" also advocate for strong policing of fraud and theft. Just not preemptive policing. The crime has to be done first, and then you go after them viciously. And anyone can do so.
In fact the same people are asking why the heck aren't any fraud or theft laws being used on the banks, or big corporations, or even the government when it commits fraud or theft.
Free market people advocate simple rule of law against fraud and theft.
that you interpret "you shouldn't vote (because the state is THEIR tool" as "you can't make a difference; there is no hope" is a great insight into your mindset
voting is the only way to make a difference, huh? riiight. swallow the propaganda whole, good citizen.
@BroBroDude looking at history, there have been times when the government worked for the common man, if there is enough public involvement to force a revolution, there is enough public involvement to sway elections. and in a few years, new politicians will be there changing the way things work. the truth is that the problem lies with calling the public to action at all, not calling them to revolution.
Thanks Bart. And great interview Paul. Good luck Bart. Let me see, you have 600 people. The traders have 10s of thousands. And playing with possibly 600 trillion dollars. Then there is the U.S. congress that side with these traders every time. Like I said Good Luck!
changes should be made to commodity trading... i realize you need some speculation to create liquidity but not this type of trading... regulation is NOT a bad thing...
Since a trade is simply an open and unforced agreement between two people to exchange a thing for a price they both agree on, it can never have any aspect that can be called "parasitical."
As long as it's not "cheating" (by people who buy AND sell to THEMSELVES, just to raise the price at no cost), then for everything someone GAINS, someone else must LOSE. You don't think some people are losing money just to help someone else be a "parasite," do you?
@GetMeThere1 Parasitic comes from the fact - that these people make money on goods, they never own for more than a few milliseconds at the cost of people who need these goods to actually survive.
@tristbjorn : But they don't make it "at the cost of people who need....to survive." They make it at the cost of the person who sold or bought when they bought or sold.
@GetMeThere1 No I think fewer and fewer people are winning, but they are winning more and more.
Because the bigger u are the easier it is to "win". Like the last 20 minutes of a monopoly game.
Thats where we are now, Goldman Sachs and Morgan Stanley and a few others are the "big boys" they cant lose and they can control any market to suit their needs.
Only the FDR Glass-Steagall principle will separate commercial from speculative banking, thus freeing the nation from obligations to Wall St. and the City of London, and re-establishing a credit system for rebuilding the nation.
H.R. 1489, Return to Prudent Banking Act of 2011, is before the House of Representatives, which aims to revive the separation between commercial banking and the securities business, in the manner provided in the Banking Act of 1933, the so called 'Glass-Steagall Act
With the inevitable 3rd. Q.E. on its way, there will be a huge shift of wealth to these new techie bankers and suchlike (cheetahs...good name)....No way of stopping this.
The losers in all this will be Joe Average and especially the old and young.
There will be a massive divide between the nouveau riche and everyone else.
The trickle down of this new wealth will be zilch as these nouveau riche were bred in the 80's where the "me me" and greed became the norm.
Technology is now leading the market, wherebys before all this, the free market led the world.
The winners in this new technology led market will be the techies...i.e. those who are "switched on" to this new form of trading.
That is why the nouveau riche will be those high tech bankers and such like.
The saddest thing is that these "techies", have just got off scot free with screwing up the market and have been bailed out by Governments because they were "too big to fail".
I'm very curious to know if this man really believes in what he is saying.
BTW "The CME Group" might raise margins requirments for the gold trade.
I would like to hear this guys take on JPMorgan owning "The CME Group" and the massive fraud being perpetuated in the "silver market'' in order to keep the price very low. When that bank dies silver will fly. Have bags will trave.
I know I sound skeptical, but I think Paul brought another Don Quixote figure with him.
The reason I'm skeptical, is because ever since I follow the markets in about 30 years, I heard at regular intervals, in fact at innumerable times various regulators making the right noises, countless promises of tougher, more efficient regulation and so forth. Yet -given some time- the results appear to be the exact opposite to what these officials proclaim to aim at..
I'm curious what someone who knows about the topic would think about a country using a super computer like the one North Korea is working to analyze stock trends at an amazingly fast rate?
Oh God. Tens of thousands mathematicians, that could like, instead of destroying the food market and such, figure out the theory of everything, or solve the string theory, or come up with better trajectories for space shuttles to make Mars colonization or something I dunno, I am not a mathematician.
Anyway, my point is that it is a great intellectual waste, and that is the real tragedy here, even more tragic than the socioeconomic damage that is caused.
DrakeIcn 6 months ago
This is idiotic. Prices are going up from inflation. Period. People don't even know how speculation even works if they think every single commodity and energy product can go up at the same time for around the same amount and it's simply just "speculation coincidence"
The Fed is printing more money and the G20 meetings have had most governments accept with one another to inflate their currencies at roughly the same rate.
What historical speculation was remotely close to this?
sirellyn 6 months ago
Regulation is a tool of the corporatist state to consolidate their power. Those who think market regulation will help the "little guy" think that the same institution which is maintaining 5 wars, a drug war and a prison industrial complex is somehow motivated to sincerely help the little guy. Also unhindered speculation is nonviolent, and necessary for markets to function optimally. Speculation is not the problem, our monetary system is.
nightpotato 6 months ago
dare i say cheet-ahs = cheat-ers
aplacefaraway 6 months ago 2
@aplacefaraway
How about don't say and just shut the fuck up instead. Oil Prices go up because of government regulation.
Budguy68 6 months ago
@Budguy68 Hahaha you obviously don't get it. Just keep smoking man...don't think too hard you might hurt yourself :D
aplacefaraway 6 months ago
@aplacefaraway
Dude, You're just another obama voter... There are many like you. What do you think happens when the government prints too much money, do things cost less? Or when they regulate the oil industry too much and make it harder for them to do their job? What do you think happens when the Gov charged 20% Tax at the pump? You see thats why youre an idiot.
Budguy68 6 months ago
@Budguy68 you cannot explain the near doubling of the price of gas in the last year. what regulation was put in place to cause dramatic change in the last year?? of course there's inflation, but the gas price rose too fast for this to be merely inflation. a steady gov tax wouldn't cause this kind of spike either...explain exactly what law or tax was put in place to cause such a dramatic rise last year and i might believe you...
aplacefaraway 6 months ago
@aplacefaraway
could have something to do with the wars in the middle east which happened too. You leftist are just giving more and more power to the government. Regulation simply Equals more control for them.
Budguy68 6 months ago
I need a trillion dollars.
Idtelos 6 months ago
CHEETAHS = CHEAT-ERS
aplacefaraway 6 months ago
Does anyone complain about the speculator when oil price is going down?
xardas411 6 months ago
I think money should be illegal... that would solve everything.
capitalism is evil... people need to go back to living in caves and hunting with a stick
xardas411 6 months ago
Must watch: Banksters & Speculation Behind High Food-Oil Prices
watch?v=io6FpVvG5x0
In 1991, CFTC of which Mr. Bart Chilto represents today waivered the position limits on future trading after lobbied by Goldman Sachs ......
I like to believe that Mr. Chilton is genuine. But one can't help but to feel skeptical about what the CFTC can achieve.
Mr. Chilton reminded me of the slick taking Dr. Chilton in "Silemce of The Lamb", Brothers may be!? Same mother different fathers that is. LOL
lostpebble 6 months ago
Good vid.
blackyblackblack505 6 months ago
Where did they have $2 gasoline in 2009?
dont you mean 1999?
its been at least $3.50 for a long time, went down a little just before the election, then back up
VeritasAmantesVocat 6 months ago
Commodity price manipulation is the new in thing, these people also bought some of the police state harassers, so I would think this is going to get alot more intense.
choobie12 6 months ago
This has been flagged as spam show
When I see America’s actions now, I see the actions of a desperate people. There is no greater proof of the decline of a civilization then the actions of people who try to cling onto their past impressions of it. Of course this is the actions of the police state.
choobie12 6 months ago
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choobie12 6 months ago
Comment removed
choobie12 6 months ago
How about a new law that requires all trading to be done by humans - no automatic trading.
kawaiigardiner 6 months ago
this guy wont have any hair left after trying to regulate the "cheetahs"
mitster85 6 months ago
“When you see that in order to produce, you need to obtain permission from men who produce nothing; when you see that money is flowing to those, who deal not in goods, but in favors; when you see that men get rich more easily by graft than by work, and your laws no longer protect you against them, but protect them against you. . . you may know that your society is doomed.”
wotan20 6 months ago
good show
theicediamond7 6 months ago
you people calling for different regulation are so blind. regulation is THEIR tool, not yours. the state is THEIR tool, not yours. if you are voting, you are a corporate dupe. you only get to choose between the choices they give you. the state is what empowers them
give it up, dupes
BroBroDude 6 months ago
@BroBroDude The only solution is revolution, whereby the state will become OUR tool and not theirs.
blackiron60 6 months ago 6
@BroBroDude Oh please. Deregulation is what got us into this. Regulation is supposed to protect YOU. Not all regulation is bad. You cant point to watered down regulation with lots of loopholes and claim it sucks.
Its actually you who has bought all their propaganda. Net neutrality, for example, isn't bad at all.
progress200 6 months ago
@progress200 "Not all regulation is bad."
right. UL is wonderful. private regulators cannot get away with accepting bribes to help rich firms, because when e.g. BP ruins an ocean that regulator is out of business forever
if it's a state regulator, though, they don't lose business. those regulators will stay, BP will be shielded from liability and get the taxpayers to pay for it, and the whole rich lot of them will laugh and laugh as you clamor for MORE regulation
corporate dupes
BroBroDude 6 months ago
@BroBroDude What are you talking about? Private regulators? How is that not a contradiction?
I tried to make sense of what you said but I can't. BP got shielded because the regulation was inadequate. They left huge holes that capped the damages. That does not mean regulation as a concept is bad.
progress200 6 months ago
@progress200 "Private regulators? How is that not a contradiction?"
how can you think that it is? private regulators currently exist with massive success. do you not know what UL is? go check half the products in your home for their label
private regulators cannot successfully accept bribes to BS their job, because when shit hits the fan, their brand will be valueless. the value comes from reputation on the market
state regulators have no market to answer to; bribes are viable. see: BP
BroBroDude 6 months ago
@progress200 as i said, regulation is GOOD. regulation is absolutely vital; it's paramount
but state regulation has the unsolvable problem of corruption. go look at who comprises the FDA, EPA, every major state regulator. they are industry executives from big business. most of them don't even need to be bribed covertly; their interests are transparent
that can happen with state power, but a private regulator will be out of business the moment a product with his approval poisons someone
BroBroDude 6 months ago
@BroBroDude Gangsta Please, free markets? I'll let you in on a little secret: the richest most powerful people, the ones that would grind your children into paste right in front of you, masterbate with the gory pulp, then fry it up, eat it and then demand that you pay them for entertaining you... they want free markets soooo bad. They even fund massive propaganda campaigns to dupe us poor folk into believing their horse shit. Yer right, voting is the other thing these types of people hope we do.
elbowbiter1 6 months ago
@elbowbiter1 "the richest most powerful people...they want free markets soooo bad"
they don't. at all. they want the sweet spot of statism between free markets and dictatorship. dictatorship is no good because their wealth will be taken. free markets are no good because they will have to compete with every other provider
the sweet spot is right in the middle, where they can payoff the state administrators to erect barriers to entry to insulate established firms (rich guys) from new competition
BroBroDude 6 months ago
@BroBroDude Who's going to take their with in an anarchists market? You? With all your bright ideas on how to compete? Do you think us peons will be able to compete with pre existing global giants that are already organized and connected. No sir. Rich people want to peel the state away just like a rapist want to peel off his trousers before they plunge their bare cocks into our quivering asses. You drank the corporate koolaid my friend and now they got you begging for a raping.
elbowbiter1 6 months ago
@elbowbiter1 Intense but accurate quote. haha.
sk8tafrnk 6 months ago
@elbowbiter1 'Do you think us peons will be able to compete with pre existing global giants that are already organized and connected."
absolutely. are you kidding me? they depend on you and your acceptance of their status as not-dependent on you; that's the whole point. they are 100% dependent on 'us'. the 'organization' and 'connection' you refer to has to do with STATE POWER. they have networks of connections to the power structure
what power structure, you ask? the one you keep voting for
BroBroDude 6 months ago
@BroBroDude I don't vote, what do you think I am crazy? I don't have time to play pretend. I, like you, believe in decentralized energy... but I don't believe that the only thing holding back decentralized energy is a lack of free market. Capitalism itself hates decentralized energy. Raising the anarchy quota in the market will make it so energy barons can prevent the little guys from producing decentralized energy by any means the see fit.
elbowbiter1 6 months ago
@elbowbiter1 "Raising the anarchy quota in the market"
i don't know what you mean by this, but the 'energy barons' of today maintain their stranglehold only by the use of state power. these are among the most poweful lobbies in the world to whom every political party of import answers
no more political parties? no more central power to which the entire market defaults? no more limited liability or monopolized environmental licensing powers? no more unchallengeable 'energy barons'
BroBroDude 6 months ago
@BroBroDude While there a millions of loopholes corporations use to gain unfair advantage over competition, there are only few fundamental problems. Politics will never be corruption free no mater what the political system, however if certain rules are in place (e.g. public only politics funding, guaranteed right to gather for protest) the system is quite effective.
sdomas 6 months ago
@BroBroDude I say anarchy because that is what is ment by free markets. Most free market koolaid drinkers would never describe themselves as anarchists... but they sure believe in anarchy when it comes to the market place. I find it quite bizarre. You see the power mongers that be will be able to finalize their stranglehold and build monopolies in your anarchal markets. Why do you think it will be such a paradice for the little guy, that's the cyonide in the koolaid.
elbowbiter1 6 months ago
@elbowbiter1 All those I've seen advocate for "free markets" also advocate for strong policing of fraud and theft. Just not preemptive policing. The crime has to be done first, and then you go after them viciously. And anyone can do so.
In fact the same people are asking why the heck aren't any fraud or theft laws being used on the banks, or big corporations, or even the government when it commits fraud or theft.
Free market people advocate simple rule of law against fraud and theft.
sirellyn 6 months ago
@BroBroDude THERE IS NO HOPE!!!!!! NEVER IN HISTORY HAS LIFE EVER GOTTEN BETTER, YOU CANT MAKE A DIFFERENCE.
this is fantastic advice.
aSheeple 6 months ago
@aSheeple Let me chime in please for a little explanation. No, there's hope naturally, but it's outside of the existing system.
wotan20 6 months ago
@aSheeple 'YOU CANT MAKE A DIFFERENCE."
that you interpret "you shouldn't vote (because the state is THEIR tool" as "you can't make a difference; there is no hope" is a great insight into your mindset
voting is the only way to make a difference, huh? riiight. swallow the propaganda whole, good citizen.
corporate. dupes.
BroBroDude 6 months ago
@BroBroDude looking at history, there have been times when the government worked for the common man, if there is enough public involvement to force a revolution, there is enough public involvement to sway elections. and in a few years, new politicians will be there changing the way things work. the truth is that the problem lies with calling the public to action at all, not calling them to revolution.
aSheeple 6 months ago
@BroBroDude Because without the state and any rules the powerful wouldn't be even more empowered, right?
sdomas 6 months ago
"Today, monopoly has become a fact"
3LARI 6 months ago 2
Thanks Bart. And great interview Paul. Good luck Bart. Let me see, you have 600 people. The traders have 10s of thousands. And playing with possibly 600 trillion dollars. Then there is the U.S. congress that side with these traders every time. Like I said Good Luck!
workwillfreeyou 6 months ago 7
changes should be made to commodity trading... i realize you need some speculation to create liquidity but not this type of trading... regulation is NOT a bad thing...
Kensho
IChoseTheRedPill 6 months ago
Since a trade is simply an open and unforced agreement between two people to exchange a thing for a price they both agree on, it can never have any aspect that can be called "parasitical."
As long as it's not "cheating" (by people who buy AND sell to THEMSELVES, just to raise the price at no cost), then for everything someone GAINS, someone else must LOSE. You don't think some people are losing money just to help someone else be a "parasite," do you?
GetMeThere1 6 months ago
@GetMeThere1 Parasitic comes from the fact - that these people make money on goods, they never own for more than a few milliseconds at the cost of people who need these goods to actually survive.
tristbjorn 6 months ago 3
@tristbjorn : But they don't make it "at the cost of people who need....to survive." They make it at the cost of the person who sold or bought when they bought or sold.
GetMeThere1 6 months ago
@GetMeThere1 No I think fewer and fewer people are winning, but they are winning more and more.
Because the bigger u are the easier it is to "win". Like the last 20 minutes of a monopoly game.
Thats where we are now, Goldman Sachs and Morgan Stanley and a few others are the "big boys" they cant lose and they can control any market to suit their needs.
Ex0dus111 6 months ago
@Ex0dus111 that's because they control the state and use its power to insulate themselves from competition and directly accountability to consumers
and you keep voting for the state, so it isn't going to change
BroBroDude 6 months ago
@Ex0dus111 : and do you have any evidence for that claim?
GetMeThere1 6 months ago
@GetMeThere1 Look at any forum that deals in stockstrading, look up the phraze "Stop loss raid".
I guarantee u 9 times out of 10 its MSI or GSI behind it.
Ex0dus111 6 months ago
@Ex0dus111 : Ah! And to think I never knew that the REAL truth is best found from the chatter of morons on forums.
GetMeThere1 6 months ago
Only the FDR Glass-Steagall principle will separate commercial from speculative banking, thus freeing the nation from obligations to Wall St. and the City of London, and re-establishing a credit system for rebuilding the nation.
H.R. 1489, Return to Prudent Banking Act of 2011, is before the House of Representatives, which aims to revive the separation between commercial banking and the securities business, in the manner provided in the Banking Act of 1933, the so called 'Glass-Steagall Act
tepstolog 6 months ago
With the inevitable 3rd. Q.E. on its way, there will be a huge shift of wealth to these new techie bankers and suchlike (cheetahs...good name)....No way of stopping this.
The losers in all this will be Joe Average and especially the old and young.
There will be a massive divide between the nouveau riche and everyone else.
The trickle down of this new wealth will be zilch as these nouveau riche were bred in the 80's where the "me me" and greed became the norm.
Cheetahs are difficult to catch.
maxthemagition 6 months ago
Technology is now leading the market, wherebys before all this, the free market led the world.
The winners in this new technology led market will be the techies...i.e. those who are "switched on" to this new form of trading.
That is why the nouveau riche will be those high tech bankers and such like.
The saddest thing is that these "techies", have just got off scot free with screwing up the market and have been bailed out by Governments because they were "too big to fail".
Cheetahs?
maxthemagition 6 months ago
This alphabet agency is way over its head. They don't stand a chance.
kroovyandcal 6 months ago
It is the hydrofracking companies that are parasitical. Yeah cheetahs
kroovyandcal 6 months ago
I'm very curious to know if this man really believes in what he is saying.
BTW "The CME Group" might raise margins requirments for the gold trade.
I would like to hear this guys take on JPMorgan owning "The CME Group" and the massive fraud being perpetuated in the "silver market'' in order to keep the price very low. When that bank dies silver will fly. Have bags will trave.
havoctrend 6 months ago
Consumers ARE being impacted. Case in point - as mention in intro - gasoline now at $3.96 , before taxes. Pure insanity!
Wall Street is offically One Big Casino!
yo1dude1man 6 months ago 2
Earnest indifference by Goldman boy Chilton.
ChoiceCutsDave 6 months ago
I know I sound skeptical, but I think Paul brought another Don Quixote figure with him.
The reason I'm skeptical, is because ever since I follow the markets in about 30 years, I heard at regular intervals, in fact at innumerable times various regulators making the right noises, countless promises of tougher, more efficient regulation and so forth. Yet -given some time- the results appear to be the exact opposite to what these officials proclaim to aim at..
wotan20 6 months ago
I'm curious what someone who knows about the topic would think about a country using a super computer like the one North Korea is working to analyze stock trends at an amazingly fast rate?
IronicallyVague 6 months ago
This guy is full of bullshit.
comecra85 6 months ago
Comment removed
IronicallyVague 6 months ago 3
High crimes in high places...where is law enforcement? Oh yeah..I forgot...theyre in the pockets of these NWO mafia cartels....silly me!!
StarveTheSystem 6 months ago