Born into a Big 5 investment banking family, I quit organized financial racketeering to go straight. MacDougal Irving is my Blogger Protection Identity, and I am a retired Certified Public Accountant and, like all of us, a badly misinformed investor. These are my observations on capital market cons as they were explained to me across the dinner table as a kid.
Prize
........... Recipient of the 2010 MacDougal Irving Prize for Truth in Market Manipulation ...........
November 10, 2015
The United Socialist States of America
We've been pointing this out for some time now: the Fed's seizure of the US Treasury Bond Market was an act of communism, utterly destroying capitalist activity in that arena. Meanwhile, keen-eyed subscribers may have noticed that many observers believe our monetary politburo was simply following Japan's lead, a point we saw no reason to bring up.
Until now.
Japan's central bank has since gone on to buy up 50% of that nation's exchange traded funds, and is now reported to be looking at purchasing shares in public companies. 51% of that market would give them voting control, in effect, communist governance over corporate Japan.
Peter Schiff gives us the skinny here:
http://www.cnbc.com/2015/11/04/qes-creeping-communism-commentary.html?__source=yahoo|finance|inline|story|story&par=yahoo&doc=103144382
God help us, when - and how - will it all end?