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Billionaire George Soros Dumps 37% of Stocks To “Buy Up Massive Amounts of Gold” But Why? Mac Slavo
June 3rd, 2016 The suggestion seems to be that a point of no return is coming for the stock market system of illusion and usury. The Fed’s great bubble is getting ready to burst. It is playing out on a time frame decided, undoubtedly, by those closest to the inside. Worse, the end of the U.S. petrodollar is playing out, with plenty of geopolitical drama as currency wars threaten to undo the foundation that the nation has been resting upon.
shtfplan.com/conspiracy-fact-and-theory...
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Don't worry; our "billionaires" get only richer by "downturns", just like Trump he loves "bankruptcy" . The main problem in our large "power" player countries is that certain people are in control, who should not be there or rules and laws which do not fit the times or culture. The EU and the US are typical in " too large to fail" because there is always an up and down movement because of events. However in the EU due to the fact that the individual countries have their own cultures and language; then an "central" government becomes too complicated and makes mistakes, like the Greece disaster. In the US due to "capitalism" which works fine for the rich, but not the poor. But of course "downturns" are part of life.
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Democrat
Colorado Springs, CO
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lonely bird, Now that the election is over stock trading comes back into focus. It is almost overwhelming in both the technical and moral aspect. Here are my intuitive only non educated observavations. Technically: Faster signal delivery, super computers, artificial market makers, algorithm algorithms and all the rest beyond outsider observation. Morally ethically: They don't even try to hide front running, actually pay a fee to observe trades in the process of being executed with the purpose of acting on that information, front running is only available to exclusive operators, trading is more than 85% electronically generated, hiding the fact that new money is the income servicing derivative trading, derivatives have no interest in the market, federal law supersedes local law permitting gambling, gambling replacing labor as income source. Extrapolated outcome: Next big crash will evaporate retirement funds with repercussions I can't imagine. Will "hang in there" work. No warning from powers that be because any outcome improves their position. The analogy for passive acceptance is San Francisco. The indications are twofold. Warning: San Francisco is particularly vernable for a destructive earthquake. Reaction: " It is almost totally disregarded ".
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Schmidt Wrote:"the single overall motivating guiding ethic of business school..."make a profit for the stock holder". Well I would have to agree. If the business doesn't make a profit for the owners, they go bankrupt and everyone loses. So the point of discussion should really be "how much profit and how should it be distributed". The trend has been for more of the profits to be given out to the CEO and management teams and less to the workers. Healthy companies give bonuses or perks to all their employees. However, economic cycles go up and down, and the employees need to learn to ride those waves as well. Collateral damage? If you mean the environment, then yes everyone, including corporations, has a responsibility to be good stewards of the environment...especially fossil fuel companies. Profit for stockholders is not ethic, it is purpose. And should not be the sole purpose. Corporations are legal constructs and as such are and should be subject to the legislature in terms of their functions and existence. Examination of family or stakeholder capitalism finds a much better fit in the community generally speaking than short-term shareholder value. personally I have zero problem with elimination of limited liability. When investment banks were partnerships the actions of the banks directly impacted the partners. With the advent of investment banks becoming publicly traded the result was a disconnect between management and the traders which increased with massively distorting incentives. Profit was the sole purpose. Nothing else mattered. Combined with failed economic theology and we had the f.i.r.e. sector blowing up every decade since the '80s.
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Greenspan Warns A Crisis Is Imminent, Urges A Return To The Gold Standard Tyler Durden's picture
by Tyler Durden
Jun 28, 20
, Greenspan was on Bloomberg Surveillance where in an extensive, 30 minutes interview he was urged to give his take on the British referendum outcome. According to Greenspan, David Cameron miscalculated and made a “terrible mistake” in holding a referendum. That decision led to a “terrible outcome in all respects,” Greenspan said. "It didn’t have to happen.” Greenspan then noted that as a result of Brexit, "we are in very early days a crisis which has got a way to go", and point to Scotland which he said will likely have another referendum on its own, predicting the vote would be successful, and Northern Ireland would “probably” go the same way.
His remarks then centered on the Eurozone zerohedge.com/news/2016-06-27/greenspan...
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