Old Project Avalon Forum (ARCHIVE) - Manipulation: How Markets Really Work

Manipulation: How Markets Really Work

by Stephen Lendman
Friday, 29 May 2009
Baltimore Chronicle

Quote:

The government's visible hand and insiders control markets and manipulate them up or down for profit - all of them, including stocks, bonds, commodities and currencies.

Wall Street's mantra is that markets move randomly and reflect the collective wisdom of investors. The truth is quite opposite. The government's visible hand and insiders control markets and manipulate them up or down for profit - all of them, including stocks, bonds, commodities and currencies.

It's financial fraud or what former high-level Wall Street insider and former Assistant HUD Secretary Catherine Austin Fitts calls "pump and dump," defined as "artificially inflating the price of a stock or other security through promotion, in order to sell at the inflated price," then profit more on the downside by short-selling. "This practice is illegal under securities law, yet it is particularly common," and in today's volatile markets likely ongoing daily.

Why?

Article continues: http://baltimorechronicle.com/2009/052909Lendman.shtml

SOURCE: http://solari.com/blog/