By Mr. Leather
Posted on Truth Social 1 March 2024 by Joe Lange
“This is a huge story that won’t get much interest.
China under Xi is the first country to crack down on high speed trading firms that manipulate entire markets and create the bubbles.
Our big Wall Street banks were the first to plug directly into the market and massively increase volume trading in order to front run stocks and manipulate prices.
It’s going to come to an end worldwide, including on Wall Street but it’s starting in China.
We are witnessing the takedown of the corrupt global system.”
YAY!!
“China Bans High Frequency Trader as Quant Trading Crackdown Expands”
by Tyler Durden Zero Hedge
Thursday, Feb 29, 2024 – 01:40 PM
https://www.zerohedge.com/markets/china-bans-high-frequency-trader-quant-trading-crackdown-expands
This is definitely worth the read. One doesn’t have to be an investment expert or understand all of the specific lingo, just understand a little more than basic math and have a good handle on common sense and critical thinking.
If some action – or transaction – seems shady to your sixth sense or ‘gut’, it likely is.
If I remember correctly the largest financial institution (their largest real estate conglomerate?) in China defaulted on a very high figure loan. It’s been a year or so since I heard the amount and what was supposed to be the result of the calamity … except that their overall economy was in a seriously deep crevice. We may not know the specific cause and effect for years, if ever.
I doubt they have a delusional geriatric running their treasury as we do but we likely have many of the same problems and the obvious confusion of the various ‘managers’ of our national piggy bank.
I wonder if the Wall Street banks are in denial or is it they can’t agree on the solution … or both.
Although the actual ‘management’ knows what happened and they certainly aren’t about to let anyone know about it if they can help it.
The whole financial system and central banking system need to die, and the sooner the better. The only thing holding it up is quicksand.
We never should have stopped having our money backed by gold and silver.
This IS a huge story, like Joe said. It’s too bad more people don’t understand how critically important this issue is.
Buuut … that’s just my opinion.
