Loading ...Notice it also says in red underline the same applies to all ETF’s.
From reading the original ETF charters I have believed from the start that ETF’s were nothing but cash cow machines (bags of hot air) for TPTB Casino’s…. so I refused to have anything to do with them. IMO all they do is track the value of the commodity or index etc they represent but do not own, and report the value of that commodity or index etc using the stock exchanges to do so. Now it appears I was correct and IMO the money put into ETF’s is being used by BlackRock’s super computer ALADDIN to control the markets. My speculation is that they have access to all the world trades as they happen, through the on-line Brokers (like Schwab) who are consolidating so there are fewer and fewer of them, so you buy, say, 100 shares of XYZ and they don’t want it to go up, they sell (short) XYZ 100 shares so it goes nowhere. Absolute control! Since BlackRock now owns or controls more than half of all the world ETF’s….and if I am correct that these ETF’s are actually worthless POS, it makes sense that DTCC would value them at their actual value, which is -0-.
So I have gone to almost all “PHYZ IN HAND”, expecting at some point these Casino houses of cards will come tumbling down, and when they do, TPTB will save the day with their new one world digital currency….the only one that will be allowed…..and if you’re a good little puppet and do what you’re told…how you’re told, and when you’re told…you’ll get your monthly stipend….but….you’ll own nothing… and you’ll be happy. All FWIW from SNG!