by Nick Hodge, Outsider Club:
Is the game rigged?
Of course the game is rigged.
If you didn’t learn that with derivatives and sub-prime… and the subsequent bailouts… you should’ve learned it with LIBOR or the rigging of FOREX or the laundering of money by HSBC or the admission by Andrew Huszar, the man charged with implementing QE, that it does nothing to fix a structurally unsound U.S. economy, but instead is a tool to enrich the already uber-wealthy.
If none of that did it for you, Wall Street’s biggest pitchman, Jim Cramer, was out last month with a sobering thought:
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