As a 501(c)(3) nonprofit, we depend almost entirely on donations from people like you.
We really need your help to continue this work! Please consider making a donation.
Subscribe here and join over 13,000 subscribers to our free weekly newsletter

Stock market rigging is no longer a conspiracy theory
Key Excerpts from Article on Website of New York Post

New York Post, March 25, 2015
Posted: April 5th, 2015

The stock market is rigged. With stock prices rushing far ahead of economic reality over the last six or so years, more experts in the financial markets are coming to the same conclusion. Ed Yardeni, a longtime Wall Street guru ... said flat out last week that the market was being propped up. These markets are all rigged, and I dont say that critically. I just say that factually, he asserted on CNBC. Yardenis claim is the most basic one: that the Federal Reserve wont do anything that will upset Wall Street and, in fact, is doing all it can to help the stock market. The Bank of Japan [has been] aggressively purchasing stock funds. The benefits, Japans central bank believes, will then trickle down to the rest of the economy. One American exchange has made intervention in rigging foreign governments easier and cheaper to accomplish. CME Group, the Chicago exchange that trades options and commodities, had an incentive program under which foreign central banks could buy stock market derivatives like the Standard & Poors futures contracts at a discount. S&P futures contracts are the vehicle of choice for rigging the market. Theres another kind of market rigging ... being done by companies themselves. Since corporate profits and revenues arent growing enough to justify current high stock prices, companies have been aggressively buying back massive quantities of their own shares. By doing this, companies reduce the number of their shares owned by the public [to boost] the calculation of profit-per-shares. Todays markets arent fair [and] stock prices are artificially inflated.

Note: Don't forget that Bernie Madoff was once the head of the NASDAQ exchange. When it comes to international banking, it appears that almost everything is rigged. For more along these lines, see concise summaries of deeply revealing news articles about the systemically corrupt financial industry.

Latest News

Key News Articles from Years Past