The Stock Market is Rigged

I just want to go on record as saying the stock market is rigged. Since I don’t have a job, I am free to tell the truth. When the crash comes, the art of not knowing will be called into service by all who could possibly be held accountable. At any other time in history, rigging such a huge market would be impossible. It is possible to day and it is ongoing.

Dismiss this if you wish but I encourage you to wake up and think about what is going on. You might say “I have no money in the stock market, so why should I care?” My answer to you is that a stock market crash, which is coming will cost you everything you own because it will literally destroy the whole economy. The stock market’s rigging changes the way corporations function and it changes the way corporate insiders get paid. You have heard complaints that corporate officers are overpaid. Their salaries are not even a fraction of the money they make. The big money comes from running the price of their stocks into the stratosphere independently of earnings and and economic issues.The easy money is made by running up stock prices, so who needs to innovate.

This one thing is the biggest cash cow in the history of the world. In twenty years or so, this kind of thing might be explained in text books of economic history. Whether you realize it or not, the money is all coming out of the public’s pockets.

The rigging of the stock market has its roots when the Reagan administration first tampered with the financial markets. There is no conspiracy. It is a wink and nod system. Others wonder at the bizarre trading dynamics they see day after. Hedge fund managers who use trading tools that evolved out of observing free markets go broke and commit suicide. Hardly a soul will admit to being played for a sucker.

In the current era, goosing the stock market is the highest priority of government policy. It will and has destroyed the economy. The only thing keeping the entire economy afloat is the stock market itself. The tail can wag the dog for only so long, Virtually all of any growth in consumer spending since 2008 has come from driving up asset prices. Right now, the American economy is like a boxer who has taken a hard shot to the liver. For a short while, he continues to box but faints and falls to the canvass due to too little oxygen to the brain.

So, when will the stock market crash? It can happen anytime because the damage to the economy is so great that all of the tricks in the world are not enough to keep it afloat.

Chances are, somebody well respected will come out and say something like “Who are we kidding, the stock market is rigged, get out now while you have a chance.”

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About Fantasy Free Economics

James Quillian independent scholar,free market economist,and teacher of natural law. Who is James Quillian? Certainly I am nobody special, Just a tireless academic and deep thinker. Besides that, I have broken the code with respect to economics and political science. Credentials? Nothing you would be impressed with. I am not a household name. It is hard to become famous writing that virtually no one in the country is genuinely not in touch with reality. But, if I did not do that, there would be no point in my broking the broken the code. If you read the blog, it is easy to see that there are just a few charts, no math and no quantitative analysis. That is not by accident. Given what I know, those items are completely useless. I do turn out to be highly adept at applying natural law. Natural law has predominance over any principles the social science comes up. By virtue of understanding natural law, I can debunk, in just a few sentences , any theory that calls for intervention by a government. My taking the time to understand the ins and outs of Keynes General Theory is about like expecting a chemistry student to completely grasp all that the alchemists of the middle ages thought they understood in efforts to turn base metals into goal. Keynesian theory clearly calls for complete objectivity. Government can only make political decisions. Keynesian techniques call for economic decisions. So, why go any further with that? Fantasy Free Economics is in a sense a lot like technical analysis. Technical analysis began with the premise that it was impossible to gain enough information studying fundamentals to gain a trading advantage. Study the behavior of investors instead. Unlike technical analysis, I don't use technical charts. What I understand are the incentives of different people and entities active in the economics arena. For example, there is no such thing as an incentive to serve with life in the aggregate. In the aggregate, only self interest applies. It is routinely assumed otherwise. That is highly unappealing. But, I am sorry. That is the way it is. I can accept that because I am genuinely in touch with reality. Step one in using Fantasy Free Economics is for me to understand just how little I really know. A highly credentialed economist may know 100 times what I do based on the standard dogma. Compare the knowledge each of us has compared to all there is to know and we both look like we know nothing at all. There is always more than we don't know than what we do know. I am humble enough to present myself on that basis. Why? That is the way it is. I am not bad at math. I have taught math. What I understand is when to use it and when to rely on something else. Math is useless in natural law so I don't use it. While others look at numbers, I am busy understanding the forces in nature that makes their numbers what they are. That gives me a clear advantage.
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