Key statement to take away:
"So who are these people who are "in-the-know" in the financial markets? As I have said, it is all down to the High Frequency Trading guys. Now here is where it all comes together and gets incestuous. The HFT guys are the same guys who are developing and writing the code and algorithms for massive data ("cloud") mining and surveillance. They have exhausted the profit potential in the High Frequency Trading itself, because they have run off all of the non-HFT liquidity and thus they were all just trying to poach off of each other, which makes basically no money. So, what they are now doing is developing code that processes ALL news data on the planet, and then the algorithms look for micro-trends, and then attempt to generate volatility and then poach the volatility in sectors or commodities that these micro-trends are indentified in. So yes, all of this "data cloud" and surveillance algorithm stuff that the government is involved in is being developed by the government's operational arm on Wall Street. Or is the government the operational arm of Wall Street?..."
So, who are these guys? They are so innocuous to the majority of the population, no one even notices.
"The term that has been coined for this monstrosity is "Big Data", and make no mistake, "Big Data" is Wall Street, Facebook, Apple, Amazon, Google and the FEDGOV all together. In terms of the markets, the only way for firms to make money is in developing and selling "Big Data", poaching derivatives with HFT, and commissions from suckers like you, both personally and through your pension and retirement products."
Apple, Amazon, Wall Street, Facebook, Google, probably Microsoft, and the FEDGOV - they hook us with goodies we want and then mine us for data - personal information.
By the way, except for Microsoft's OS, I don't use anything from the companies/entities listed above.
We need to get wise and stop feeding the Beast.
Big Data... computers... control... who is the master?
http://www.youtube.com/watch?feature=player_detailpage&v=PlY9hlDHFVo#t=110s
Could I ask who is Ann Barnhart? I see her on here predicting the eminent collapse of the world all the time.
I have been unable to find gainful employment in the industry I loved and was so very passionate about. As a result I have taken a job as a cook at the *City* Airport Hilton. While humbling, my hands get cut and burned constantly, it is honest work and I work hard.
All the best to you, bless you, J
This chap used to help hedge the price risk on the food you eat, thus helping to keep food prices and production stable. Now he is a short-order cook. I, personally, aspire to janitorial work someday.
I seem to recall reading about a world class engineer, one who created a motor that could change the world, who quit and got a job as a burger flipper. IIRC He made a VERY good burger.
Can't remember where I read it... *Shrug*