Loading ...During the last run up to gold $1923.70 the BlackRocks and Aladdin’s (super computers) came into existence and were perfecting their craft which they had been working on since the turn of the new century, having the green light to put Derivatives into the stock markets to prop up the failing world financial systems by developing ETF’s, which own nothing, to replace mutual funds, which owned shares in all the companies they represented. As the ETF’s became more well known they began to take over the markets as a convenient trading vehicle which used deceptive language to make it appear they also held the underlying security they represented, but the ETF charters state their only obligation is to report the value of the securities they represented (but had no obligation to buy or own), and to return the investors money, after deducting their management fee, at its current value on request.
So, along with the new personal computer age, was born the on-line broker who encouraged day trading by lowering the cost of each trade, and the ETF’s became the most convenient vehicle to use, and mushroomed into a quadrillion dollar world Derivatives industry CASINO, which BlackRock and other super computers immediately recognized and began buying up control to the point where they now own more than 1/2 of all the ETF’s in existence, which allows them to control the direction of every sector in every stock market in the world.
Have you noticed how they are doing this?? Up is down, good is bad, right is wrong, lie is truth, buy is sell…etc. Just program their super computers to do the opposite of what common sense says to do….and do that until the boat is loaded with suckers…then reverse the tactic, clean out the suckers, rinse and repeat. Over time that cleans out 99.9% of all the wannabe day traders and the casino wins again, but there are always new suckers….er….day traders. lol.
I saw this control developing over the first decade of this century so when the PM sector topped out I cashed out over 100 PM ten+ baggers, paid thousands in capital gains taxes to two governments, converted some of it into phyz “in hand” which is not for sale, and been living on OPM ever since. I’ve diversified in enough directions where even if I lose everything in one thing I will still be able to survive….and I depend on my Higher Power to help me through these End Times, and hopefully help others through them too. All The Best from a life of Silverngold.