Let the Bankers Eat Cake
I was just looking at some interesting charts. I read a lot of business news. Everyone has been cheering 2010's 11% rise in the stock market. This magical feat was accomplished by some of the greatest manipulation I have ever beheld. High Frequency Trading. (HFT) Banks buying stock thanks to the repeal of the Glass Steagall Act. The FED literally making money out of thin air and giving it to big banks. Waiting like a bunch of vultures for the rest of us to get in so they can dump that stuff on us. Interestingly enough, you would have made 30% by simply buying physical gold last year. No forms or applications to fill out. No great market collapses. No taxes to pay. That is a very significant advantage. The government cannot take a bite out of your ass. Yet. Anytime you make money and the government cannot prove it or steal it from you, you win. This has to piss banks and the government off. I watched that very thing happen last week. A gal came in, plunked 200 ounces of silv...