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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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Warning!!! ELITE ARE PULLING ALL THEIR MONEY OUT OF THE STOCK MARKET, JUST LIKE IN 1929!!!
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Poster Handle
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Anonymous Coward |
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Post Content
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I imagine the elite have no exposure to the markets, they own most of the HFT algorithms that control all trading.
In fact, the paper records for the depository trust and clearing corporation were destroyed in the NY hurricane of 2012, so there is no official 'ownership' of stocks per se.
People just rent what they think are stocks, the only real money being made are by brokerage firms that charge commission for each stock sale.
They probably have it rigged such that if the markets do in fact crash they can ensure the machines show they sold all their shares at the top.
Quoting: Anonymous Coward 30194358    NOW THIS was shown in the satire doc The American Ruling Class, especially where you say people just "rent" stock...it's kinda eye opening to see you don't actually own it. It is computer entries too. So in that sense crypto can be equated the same way, but it is nice to feel the weight of a silver bar. You know it's not some digital number that may be a blank IOU oops. In that sense digital trading and using money may show to be how abusive and corrupt to be in this situation or world events, cause before computers there was trading and markets, so it just makes you wonder about the sound and stable principles of TRUST! Yes precious metals, physical, are one of the only asset classes that carry no counter party risk. Even bitcoins carry counter party risk, if the cost of production for bitcoins falls below their price, miners will stop mining. If miners stop mining then the cost to mine a bitcoin rises as the price falls so even more miners stop mining. This is like a black hole, and it is the counter party risk. If the miners stop mining all bitcoins are worthless.
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