Has anybody else noticed that Brexit is now all about international financial markets? Who in their right mind gives a damn if a gambler loses his shirt on the Tokyo stock market. Frankly, if you do not gamble in a Wall Street cassino you should not give a flying fig about absentee owners losing money. Brexit was about sovereignty and individual liberties not panic on Wall Street.
First, let’s revisit stock markets in light of Brexit.
Betting in Wall Street casinos is called investing. I call it gambling. Do not get me wrong. I have no objections to gambling. I do object to the government shilling for the casinos.
Question: Are the stock markets rigged? Answer: Of course they are rigged! They have always been rigged!
Percentages and rigging
Wall Street firms are gambling casinos. Gambling casinos always stack the percentages in favor of the house. Wall Street does not operate on percentages although the commissions charged for buying and selling are fixed percentages. Churning customers’ accounts is quite lucrative even with a fixed percentage in place.
Do percentages mean that the tables in Las Vegas gambling casinos are rigged? Of course not. The percentages will grind you down fast enough —— some forms faster than others. Slot machines are the worst. Not only are the suckers bucking brutal percentages, they are getting ten decisions a minute on average. And that is playing only one machine; play 2 machines simultaneously and you get twenty decisions a minute. That means the house’s percentage is eating you alive every time a decision is made.
The galloping dominoes, blackjack, and roulette devour you at a slower rate than the slots, and the house percentage is not as savage as it is on a slot machine; nevertheless, every form of casino gambling will pick you just as clean with fewer decisions.
Incidentally, slot machines do not require dealers, croupiers, etc. One man can service a thousand one armed bandits. That makes the slots the most profitable game in the house in terms of labor as well as house percentages and the number of decisions per day.
NOTE: Punters only get nine decisions a day at a race track assuming they bet every race. So how many wealthy horse degenerates do you know?
How is the stock market rigged?
The cloak of respectability provided by the Securities and Exchange Commission is the most subtle method.
Democrats and their media stooges will never allow the stock market to crash because they know big government collectivism will get the blame. Hell, there is a good chance the media would get some of the blame. Rather than let an international financial market crash Democrats will do whatever it takes to prop it up; stimulus packages and bailouts are just a few of the techniques Democrats are already using.
Incidentally, every system to beat the house works. The worst betting system ever invented will payoff once in awhile. The best so-called system in the world will not payoff enough times to beat the percentages. That is true with horses, roulette, and speculating on Wall Street.
It is the jerks who read the Daily Racing Form and the Wall Street Journal trying to predict the future who holler "Rape" the loudest when it comes out that the insiders rigged the game.
Gambling is gambling. Poker or pinochle —— golf or tennis —— are GAMES. Every game requires precise skills; hence, the most skilled player on any given day will always win. Conversely, good game players are notoriously poor gamblers. The best poker player in the world can not predict the winner in a walkover.
Betting on the gees-gees, or the galloping dominoes. or buying stocks is gambling. So do not send for the gendarmes when you lose.
It has taken Socialists 85 years to convince Americans that the crash in ‘29 was the primary cause of the Great Depression —— and that robber barons were responsible. They will not discard the myth for any reason. That’s why Democrats still engage in economic class-warfare.
In the 1920s, the stock market was as crooked as a snake with arthritis. Today’s stock market is just as crooked, but you won’t hear Socialists complaining about their creation.
NOTE: I have not heard a peep out of the folks who score political points attacking Wall Street. Question: Whatever Wall Street is, how come Bernie Sanders and Elizabeth Warren are not preaching their gospel to the choir because wealthy absentee owners worldwide might get fried to a crisp?
Popular myth says Wall Street’s collapse in ‘29 caused the Great Depression. The crash abolished what little credibility Wall Street enjoyed before the crash.
Wall Street salesmen were always crooks to be sure; nevertheless, the reputation Wall Street enjoys today is due to media and the S.E.C. —— not for any contribution stock markets make to society. The S.E.C. was established to keep Wall Street honest. I do not think I have to list the scandals, the thefts, the bailouts, etc. that went on right under the S.E.C.’s nose in recent years. At least taxpayers did not have to bailout the crooks in 1929.
Should Brexit cause Wall Street to tank à la The Great Depression, the government will not solve the problem by willingly giving Americans more freedoms, nor will the government let private sector Americans out from under government control. Socialists/Communists running the government today will move to take more freedoms away private sector Americans just as Democrats did during the Great Depression.
The government allows Wall Street to do anything it has to do to keep financial markets from collapsing. Competition, and supply and demand, have not played a part in economic policy since the FDR years.
The Brexit victory put the global government crowd in a panic. Rather than let any financial market crash, they will do whatever it takes to prop up the belief that the wealth of absentee owners is the economy. They dared not claim the EU is too big to fail; so globalists turned to a tried and true scare tactic in order to shore up the belief in their failed, and failing, one government world agenda.
For starters, they sent out super-salesman in the White House to calm fears —— that is calm the fears of absentee owners and scare everybody else. Note that super-salesman could not sell water to Bedouins for a penny a barrel. No matter. Talking heads got their marching orders.
1. The global economy MIGHT be on the verge of Armageddon.
2. Money MIGHT be worthless.
3. Everybody MIGHT starve to death if the global web of financial markets collapses.
The fact is: Economies and financial markets are not the same; not even close.
Finally, what could turn out better than average Americans coming up smelling like roses while Wall Street dives thanks to the EU’s certain demise. The smart money is now betting that Brexit was the first domino to fall.
First, let’s revisit stock markets in light of Brexit.
Betting in Wall Street casinos is called investing. I call it gambling. Do not get me wrong. I have no objections to gambling. I do object to the government shilling for the casinos.
Question: Are the stock markets rigged? Answer: Of course they are rigged! They have always been rigged!
Percentages and rigging
Wall Street firms are gambling casinos. Gambling casinos always stack the percentages in favor of the house. Wall Street does not operate on percentages although the commissions charged for buying and selling are fixed percentages. Churning customers’ accounts is quite lucrative even with a fixed percentage in place.
Do percentages mean that the tables in Las Vegas gambling casinos are rigged? Of course not. The percentages will grind you down fast enough —— some forms faster than others. Slot machines are the worst. Not only are the suckers bucking brutal percentages, they are getting ten decisions a minute on average. And that is playing only one machine; play 2 machines simultaneously and you get twenty decisions a minute. That means the house’s percentage is eating you alive every time a decision is made.
The galloping dominoes, blackjack, and roulette devour you at a slower rate than the slots, and the house percentage is not as savage as it is on a slot machine; nevertheless, every form of casino gambling will pick you just as clean with fewer decisions.
Incidentally, slot machines do not require dealers, croupiers, etc. One man can service a thousand one armed bandits. That makes the slots the most profitable game in the house in terms of labor as well as house percentages and the number of decisions per day.
NOTE: Punters only get nine decisions a day at a race track assuming they bet every race. So how many wealthy horse degenerates do you know?
How is the stock market rigged?
The cloak of respectability provided by the Securities and Exchange Commission is the most subtle method.
Democrats and their media stooges will never allow the stock market to crash because they know big government collectivism will get the blame. Hell, there is a good chance the media would get some of the blame. Rather than let an international financial market crash Democrats will do whatever it takes to prop it up; stimulus packages and bailouts are just a few of the techniques Democrats are already using.
Incidentally, every system to beat the house works. The worst betting system ever invented will payoff once in awhile. The best so-called system in the world will not payoff enough times to beat the percentages. That is true with horses, roulette, and speculating on Wall Street.
It is the jerks who read the Daily Racing Form and the Wall Street Journal trying to predict the future who holler "Rape" the loudest when it comes out that the insiders rigged the game.
Gambling is gambling. Poker or pinochle —— golf or tennis —— are GAMES. Every game requires precise skills; hence, the most skilled player on any given day will always win. Conversely, good game players are notoriously poor gamblers. The best poker player in the world can not predict the winner in a walkover.
Betting on the gees-gees, or the galloping dominoes. or buying stocks is gambling. So do not send for the gendarmes when you lose.
It has taken Socialists 85 years to convince Americans that the crash in ‘29 was the primary cause of the Great Depression —— and that robber barons were responsible. They will not discard the myth for any reason. That’s why Democrats still engage in economic class-warfare.
In the 1920s, the stock market was as crooked as a snake with arthritis. Today’s stock market is just as crooked, but you won’t hear Socialists complaining about their creation.
NOTE: I have not heard a peep out of the folks who score political points attacking Wall Street. Question: Whatever Wall Street is, how come Bernie Sanders and Elizabeth Warren are not preaching their gospel to the choir because wealthy absentee owners worldwide might get fried to a crisp?
Popular myth says Wall Street’s collapse in ‘29 caused the Great Depression. The crash abolished what little credibility Wall Street enjoyed before the crash.
Wall Street salesmen were always crooks to be sure; nevertheless, the reputation Wall Street enjoys today is due to media and the S.E.C. —— not for any contribution stock markets make to society. The S.E.C. was established to keep Wall Street honest. I do not think I have to list the scandals, the thefts, the bailouts, etc. that went on right under the S.E.C.’s nose in recent years. At least taxpayers did not have to bailout the crooks in 1929.
Should Brexit cause Wall Street to tank à la The Great Depression, the government will not solve the problem by willingly giving Americans more freedoms, nor will the government let private sector Americans out from under government control. Socialists/Communists running the government today will move to take more freedoms away private sector Americans just as Democrats did during the Great Depression.
The government allows Wall Street to do anything it has to do to keep financial markets from collapsing. Competition, and supply and demand, have not played a part in economic policy since the FDR years.
The Brexit victory put the global government crowd in a panic. Rather than let any financial market crash, they will do whatever it takes to prop up the belief that the wealth of absentee owners is the economy. They dared not claim the EU is too big to fail; so globalists turned to a tried and true scare tactic in order to shore up the belief in their failed, and failing, one government world agenda.
For starters, they sent out super-salesman in the White House to calm fears —— that is calm the fears of absentee owners and scare everybody else. Note that super-salesman could not sell water to Bedouins for a penny a barrel. No matter. Talking heads got their marching orders.
1. The global economy MIGHT be on the verge of Armageddon.
2. Money MIGHT be worthless.
3. Everybody MIGHT starve to death if the global web of financial markets collapses.
The fact is: Economies and financial markets are not the same; not even close.
Finally, what could turn out better than average Americans coming up smelling like roses while Wall Street dives thanks to the EU’s certain demise. The smart money is now betting that Brexit was the first domino to fall.
