In this report I look at the early market action from London on Tuesday, January 30th, 2018. I also look into Murray Rothbard's "America's Great Depression" and how he dispels the Keynesian myth that government needs to save free markets and capitalism.
"America's Great Depression": https://mises.org/files/americas-great-depressionpdf-0/download?token=rwW4UjXa
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hodling silver
Same here!
I think these bankers should be made an example of for manipulating markets. They are in a very privileged position earning incredible salaries anyway and they choose to pillage the markets just so they can stuff coke up their noses, drink champagne and act like the big men. Let's see how manly they are behind bars.
Gold gold gold :)
spoofing the market yep, just like the rothschilds did when buying up all the bank of england shares for penny's after spreading the false rumor that napoleon had defeated wellington at the battle of waterloo, thanks maneco64 nice post.
Yes Nathan Rothschild apparently walked on to the floor of the exchange and did a real great acting job. He looked glum and everyone noticed it and then started selling and everyone started selling too as they thought Napoleon had beaten Wellington at Waterloo. Then when the gilts (UK gov't debt securities ) were down massively Nathan started buying it back. It was kind of a spoof but he actually did sell some to start with.
The government will have to come forward to protect the capital market. Otherwise, the capital market will face losses.
"Protect" is why people face huge tax and gov debt and finding it hard to make ends meet, and see products that people don't want still being produced. Free market function on allowing mis-allocation of capital to be normalized (i.e. wiped out) by companies going bankrupt, freeing up labour and whatever assets left for other uses. Why should gov prop up company that makes thing nobody wants? Look at China it didn't work, they had to let many state companies go bankrupt in the end.
@sagor5828 Why should the government protect the market? The best thing to do is to allow the market to function freely.
This is good and useful post. I like it .