In this week's Off The Cuff podcast, Chris and John Rubino discuss:
- There Is No 'Market' Anymore
- Prices are fully manipulated these days
- Missing Alpha
- Since it's only liquidity that matters, portfolio managers are feeling the pressure
- Malinvestment
- What you get with too much cheap money
- The Feds Facebook Fiasco
- The public is waking up to the ills of central banking
Chris and John talk this week about the bastardization of today's financial ""markets"" — on both the blatant manipulation by large advantaged insiders, and the controlled intervention of the world's central banks. A knock-on effect of this is that the public is finally, slowly, becoming aware that institutions such as the Federal Reserve are really serving the interests of the large banks, rather than the populace. This is beginning to percolate up out of the status quo in interesting ways, such as when earlier this week the Fed launched a Facebook page which quickly drew hundreds of critical comments from regular Americans:
I think, on some level, people do get this now. I think the average voter in the U.S., for instance, couldn’t tell you in detail how the scam operates, but they understand it’s a scam. Hence Donald Trump and Bernie Sanders. Those two guys coming from the rightish, in Trump’s case, and from the far left in Sanders' case.
by davefairtex