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

[Tom Nolan + 2,276]

"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, 2021 by Tom Nolan

[Gregory1972 + 28]

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.  

[ChonsPonl + 1]

When a person first gets to a bookmaker, he finds himself in a world of incomprehensible numbers, acronyms, and specific designations. Sports betting, as I see it, is entertainment. You have to pay for it, like a roller coaster or going to a bar for a beer. You will win and lose. And you will almost certainly lose more than you earn. Most of us have tried betting on a sport at least once. Although this is more true of the male sex. Thanks to a friend who helped me with this; we bet together and had sound money. Thanks to his skills, I can analyze the outcome of matches and earn on it.

[tarasun 0]

I also have tried betting and have learned all the terms which took a lot of time, however, I have understood that it is not for me so I quit. But I continued with casino games because I am a professional at them and I play them since I was little as my father taught me. I play mainly online on https://wolfwinnercasino.com/ as it is very easy to use and I can play from anywhere. Plus, it offers a lot of bonuses and a fast withdrawal which is very important for me.

Edited March 2 by tarasun

[notsonice + 643]

Putin destroying Russia ...One step at a time

Russia central bank more than doubles key interest rate to 20% to boost sinking ruble

PUBLISHED MON, FEB 28 20222:11 AM ESTUPDATED 4 HOURS AGO

 

Natasha Turak@NATASHATURAK

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KEY POINTS

• The bank also said it would be freeing 733 billion rubles ($8.78 billion) in local bank reserves to boost liquidity.
• Russia’s stock and derivatives markets will stay shut on Monday, the central bank said.
• The dramatic developments underline fears of a run on Russia’s banks.

 

Russia’s central bank in Moscow.

Gavriil Grigorov | TASS | Getty Images

Russia’s central bank on Monday more than doubled the country’s key interest rate from 9.5% to 20% as its currency, the ruble, hit a record low against the dollar on the back of a slew of new sanctions and penalties imposed on Russia by Europe and the U.S. for its invasion of Ukraine.

The rate hike, the central bank said, “is designed to offset increased risk of ruble depreciation and inflation.”

 

This follows the central bank’s order to halt foreigners’ bids to sell Russian securities in an effort to contain the market fallout. The ruble fell as far as 119.50 per dollar, down a whopping 30% from Friday’s close. It later pared some of its losses, trading at 93.04 per dollar by 3:30 p.m. in Moscow, still down roughly 20% against the dollar in the last year.

Russia’s stock and derivatives markets will stay shut on Monday, the central bank said.

The bank also said it would be freeing 733 billion rubles ($8.78 billion) in local bank reserves to boost liquidity. Russian Central Bank Governor Elvira Nabiullina will hold a briefing at 1 p.m. London time Monday.

The dramatic developments underline fears of a run on Russia’s banks. Already, long lines to withdraw cash have been seen at ATMs in Russian cities. Sberbank Europe, which is owned by Russia’s state-run Sberbank, says it has experienced “significant outflows of deposits in a very short time.”