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.
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?