“This is a ridiculously long, tedious, ponderous article on how governments inflate the currency through the banking system.”
I apologize to you all for the ponderous nature of the article, and urge you to visit the website for a better understanding of the crime being committed.
It has nothing to do with inflated currency, it has to do with naked short selling: a manipulation of a company’s stock that drives it price down to pennies, taking the net worth of individual and institutional investors with it.
I will try to post more concise and clear excerpts. This is important stuff. Please don’t bail out on it.
Got it.
However, it could be much more concise.
Naked short selling is a consequence of free markets. I don’t so much mind hedge funds doing it, I dislike bailing out hedge funds that do it and get caught short!
However, you should make the distinction between hedge funds and criminal enterprises (I know, I know, what distinction?) but the later should definitely be prosecuted.