by Dr. Jeffrey Lewis, Silver-coin-investor:
“The essence of propaganda consists in winning people over to an idea so sincerely, so vitally, that in the end they succumb to it utterly and can never escape from it.”
Despite hearing it over and over, the meaning of “all markets are rigged” is completely lost on the most hopeful. Of course, hope is fear gone badly.
Investors want desperately to believe that the real market exists. They believe that the pricing mechanism is legitimate – a fair expression of the markets.
And that if the markets point toward recovery, then the recovery is real.
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