Heads Coming out of the Sand

The following is a quote from Zerohedge. Finally there is an emerging awareness that the Federal Reserve makes use of hft to manicure stock prices higher. So, from what authority is this written? There is no authority. It’s just an observation.
“Because while what HFT does is or should be illegal, in performing its daily duties, it actively facilitates and assists the Fed’s underlying purpose: to boost asset prices to ever greater record highs in hopes that some of this paper wealth will eventually trickle down, contrary to five years of evidence that the wealth is merely being concentrated making the wealthiest even richer.”
It took a number of decades for crime to rise above the law by making use of government. Regular asset enhancement initiatives, with respect to equities, began in the spring of 2003.
In summer of 2006 Henry Paulson was appointed as an activist treasury secretary for the purpose of maintaining uptrend’s in both real estate and equity prices. That initiative failed and TARP was passed as an emergency measure. The QE’s have been an extension of efforts that have been underway for years.
Constant asset enhancement initiatives have destroyed the world’s capital markets and the global economy is ready to collapse. Damage is unavoidable and will be devastating to investors and non-investors.
I still don’t have a date for a collapse, but you can count on it. And, of course, I will be the first to say I told you so.

http://curbsidejimmy.com/radio/Hard%20Times%

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