*****5 STARS - "The Markets are Rigged" by The Corbett Report

[Tom Nolan + 1,751]

"The Markets are Rigged" by The Corbett Report also contains a transcript with sourced links and documents.  At base, the markets are a con game where the rich and powerful employ a raft of confidence men to lure suckers into the latest mania. In this game, the suckers are the general public who are left holding the bag as the market bubble bursts while the smart money swoops in to buy up the leftover assets at pennies on the dollar. In this week's edition of The Corbett Report, James Corbett pulls back the curtain on the Wall Street casino and reveals how the house always wins the rigged games.

YOUTUBE

https://youtu.be/mftHhL7nW2A

WEBSITE AND ALTERNATIVE VIDEO PLATFORMS, along with transcirpt.

https://www.corbettreport.com/markets/

Edited May 16 by Tom Nolan

[Gregory1972 + 19]

Interesting that he starts off talking about GameStop, which speaks more to naïve investors - gamblers - than a rigged system.  Anyone who makes investment decisions based on recommendations from some guy on Reddit, well, "a fool and his money are soon parted".

I see market manipulation becoming less and less about 'insider trading' and more about social media buzz.  Before April how many people had heard of Dogecoin?  All it took were a few tweets from Musk and the price took off.