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Jim Cook

 

RUNAWAY SOCIAL SYMPATHY

Every once in a while I switch the TV channel from Fox to CNBC to see what the liberals are saying.  After listening awhile I get a deep sense of hopelessness and foreboding for our country.  The most important thing for the left is giving money to people.  They are happy to see the growth of food stamps, disability payments, housing subsidies, free healthcare and all the other welfare benefits.  They utterly fail to see the damage it is doing to the recipients.  Whole cities that once flourished have deteriorated into rotting eyesores populated with shambling hulks of chemically dependent drones.  These people are no longer employable.  They have become incompetent and helpless and the liberals can’t see that it’s their doing.

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The Best of Jim Cook Archive

 

Condensed Articles

September 24, 2012

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THE STOCK MARKET IS AN ATTRACTIVE NUISANCE
By Charles Hugh Smith

Can any reasonable person deny that the rigged, manipulated U.S. stock market is nothing but a predatory skimming operation that is increasingly at risk of systemic failure?  If you have any doubts about the true nature of the American stock market, please read the new book Dark Pools: High-Speed Traders, A.I. Bandits, and the threat to the Global Financial System by financial reporter Scott Patterson.

Today’s stock market has as much in common with the market of the 1960s as a horse-drawn carriage has with a Formula 1 race car.  Most of the trading on the market is done by computers that hold shares for perhaps 11 seconds before skimming a slice from investors who lack the high-speed data flows from the exchanges, warp-speed processing power and sophisticated algorithms.
Another huge chunk of market-moving activity is officially sanctioned manipulation by the Federal Reserve whenever gravity threatens to topple the corrupted market, and all the other interventions that are obvious to every active trader.

In effect, the stock market has become an officially sanctioned bucket shop where “ownership” of shares has been rendered meaningless.  The market exists for two reasons: 1) to skim low-risk profits from naïve/brainwashed investors and 2) as a propaganda front that can be lofted ever higher by authorities for the purposes of managing perceptions, i.e. the market is higher, so the economy is doing great, never mind what your own eyes and experience are telling you.

The stock market is demonstrably an “attractive nuisance” and should be closed immediately.   It should never be reopened unless these conditions can be met: 1) All shares must be owned for at least four hours; 2) All trading must be executed by humans on a transparent exchange where all trading activity (and open orders) is visible to all participants; 3) Intervention in the market by the Federal Reserve or any Central State agency or agents is against the law.

If you insist on putting money at risk in the stock market, be aware that you are playing a rigged roulette wheel and thus you are a mark.  You might win, or the entire game might collapse in a rotten heap of lies and corruption.  Just remember that the market is ruled by parasites who need to keep their hosts (investors) alive so they can continue to feed off them (i.e. biotrophic parasites).

If the hosts all leave the market, the parasites will have only themselves to feed on, and they will quickly expire.