This page has been archived and commenting is disabled.
Gold Manipulators Busted After Zero Hedge Report On Flagrant Gold Spoofing
In the aftermath of the Nav Sarao scapegoating farce, one week ago Zero Hedge decided to give the confused CFTC a helping hand and launched a daily series highlighting the constant spoofing and "manipulation" (in the CFTC and DOJ's own words) that takes place in every asset class, but mostly in the E-mini futures ("Dear CFTC: This Is The Market Manipulating "Spoofing" Taking Place In The E-Mini Just Today"). Virtually every day since then we presented the "regulators" at the commodity trading commission a clear example of stock market manipulation, with the exception of Tuesday, when with the exclusive help of Nanex, we showed a clear case of gold spoofing.
This is what we said on April 28:
Here (courtesy of Nanex) are several examples in the June 2015 Comex Gold Futures this morning. All times are Eastern Daylight. In each of these cases, no trades (or a tiny few) executed against the large "spoof" order. You can see how prices were influenced by the sudden appearance (and disappearance) of these large, outsized orders.
1. June 2015 Comex Gold
Note how large buy and sell orders push prices up and down.
2. Another set of instances appear about 50 minutes after the first set (shown in chart 1).
3. Another set of spoofing instances appear about an hour after the second set (shown in chart 2).
You're welcome CFTC — it's the least we can do.
Best wishes,
Zero Hedge
Reminder: We won't stop this until you are forced to address the glaring hypocrisy and utter incompetence of everyone involved in the regulation of market microstructure.
Much to our dismay, overnight we learned that while the CFTC continues to be very, very confused and challenged by all those lobby payments by the world's "liquidity providing" HFTs and ignores all documented evidence of manipulation, the Chicago Mercantile Exchange - owner of the futures exchange wheer the bulk of modern manipulation takes place - did read this evidence of manipulation, and decided to immediately take action, suspending two traders for placing the manipulative "spoofing and layering" trades profiled here three days ago which were virtually identical to the ones that got Navinder Singh Sarao into headlines around the world last week. Except, of course, the asset class manipulated was gold. And, perhaps what's far worse, the manipulation sent the price of gold briefly higher.
The names of the perpetrators: perhaps not surprisingly, Heet Khara and Nasim Salim. Extend to Navinder Sarao and a pattern emerges...
This is the full CME release:
NOTICE OF SUMMARY ACCESS DENIAL ACTION: COMEX 15-0103-SA-1
NON-MEMBER:
NASIM SALIM
CME RULE: 413. SUMMARY ACCESS DENIAL ACTIONS (in part)
A. The Chief Regulatory Officer or his delegate, upon a good faith determination that there are substantial reasons to believe that such immediate action is necessary to protect the best interests of the Exchange, may order that: 1) any party be denied access to any or all CME Group markets; 2) any party be denied access to the Globex platform; 3) any party be denied access to any other electronic trading or clearing platform owned or controlled by CME Group; or (4) any Member be immediately removed from any trading floor owned or controlled by CME Group.
FINDINGS
On April 30, 2015, CME Group’s Market Regulation Department (“Market Regulation Department”), through its Chief Regulatory Officer, summarily denied Nasim Salim (“Salim”) direct and indirect access to all CME Group markets, the CME Globex electronic trading platform, any other electronic trading or clearing platform owned or controlled by CME Group, and all trading floors owned or controlled by CME Group. The summary access denial prohibits trading, placing orders, and controlling or directing the trading for any person or entity in any CME Group exchange product. The summary access denial further prohibits the affiliation or business dealing with any member or member firm of CME, CBOT, NYMEX, or COMEX.
CME Group’s Chief Regulatory Officer’s summary access denial of Salim was based upon the findings of an investigation conducted by the Market Regulation Department, which revealed that on multiple trade dates during the time period of March 1, 2015 through April 28, 2015, Salim engaged in a pattern of activity in which he repeatedly entered orders or layered multiple orders for Gold and Silver futures contracts without the intent to trade. Specifically, Salim entered these orders or layered multiple orders to encourage market participants to trade opposite his smaller orders resting on the opposite side of the book. After receiving a fill on his smaller orders, Salim would then cancel the resting order or layered multiple orders that he had entered on the opposite side of the order book.
Salim introduced Heet Khara (“Khara”), who is also the subject of a summary access denial action, to his first FCM and Salim had an account at the second FCM at which Khara traded in a disruptive manner. Further, it appears that on multiple occasions Salim and Khara coordinated efforts to engage in disruptive activity. In an example from April 28, 2015, Salim entered small-lot orders on one side of the market in Gold futures, after which Khara entered large orders on the opposite side. When Salim’s small orders were filled, Khara canceled the large orders. Salim has not responded to correspondence from the Exchange.
The foregoing conduct, as well as Salim’s failure to cooperate with the Exchange, present a good faith determination that there are substantial reasons to believe that such immediate action is necessary to protect the best interests of the Exchanges and the marketplace.
ACCESS DENIAL:
Pursuant to Rule 413, this access denial will remain in effect for 60 days, commencing on the effective date below and continuing through and including June 29, 2015, unless the Chief Regulatory Officer or his delegate provides written notice that this access denial will be extended for an additional period of time.
We expect the CFTC and the DOJ to unleash the wrath of god now that the CME showed them how gold manipulation works, something they figured out by looking a this article.
And while we are delighted that yet one more alleged case of gold manipulation is now confirmed, we are curious if the CME, CFTC and DOJ will also prosecute instances of gold manipulation when the ultimate outcome is the price of gold going lower instead of higher, such as the one documented in "Vicious Gold Slamdown Breaks Gold Market For 20 Seconds", "Stop Logic" Gold Slam Was So Furious It Shut Down CME Trading Again" and on countless other occasions most of which have been duly documented on this website.
Finally, we wonder: will the CME, CFTC, DOJ, and FBI pursue as promptly all those instances of constant S&P 500 manipulation and spoofing we profiled over the past week in particular, and over the past 6 years in general? Or was this merely another "Sarao" case when several (non-Caucasian) traders are scapegoated by the regulators, with the naive expectation that investors will suddenly assume the market - in this case that of gold - is no longer rigged?
- 44513 reads
- Printer-friendly version
- Send to friend
- advertisements -





ZH Bitchez!
"The names of the perpetrators: perhaps not surprisingly, Heet Khara and Nasim Salim. Extend to Navinder Sarao and a pattern emerges..."
Wait, what "patterns" are we talking about?
They won't prosecute the FED......
Why WONT OBAMA fix the housing market???
they freddy grayed some folks.....
Was it in school suspension or double-secret suspension. In any case, the boyz are out gang-banging it at 8:30 again this morning, probably singing..
https://www.youtube.com/watch?v=Zj7h9VPEL9E
they did something? i still picture the regulators at sec/cfct as the guy eating the banana in boiler room.
A few inconsequential minions will be sacrificed to appease the great unwashed masses, while the criminal banksters overlords are well above the law. In fact, they own the law. This is how things are done in a "too big to fail' aka crony capitalist system.
The gold manipulators are at London's LBMA with bullion banks trading 200 million oz of physical gold a day (except it is only paper).
That is the real manipulation.
http://www.safehaven.com/article/36534/lbma-data-points-to-gold-and-silver-default
Spoof, the magic algo
Lives by the sea
And frolics in the market
Beyond the CFTC
Little Lloyd and Jamie loves the magic code
Which eats the real assets of all the normal folks.
Banned from CME for being Indian, so racist.
Silver is the one giving the manipulators fits right now.
The manufacturers have to have it as you can't build a phone or a solar panel with a paper contract.
And the silver producers are losing their shirts at current prices with declining supply from the primary producers.
Manufacturers that use silver are going to take delivery of some of the 3 billion to 5 billion oz open interest of silver at the LBMA and shred that game.
There are +1 billion people in India & Persia, many who have access to English language resources. Three of these people have been named, three who have the tools and three who demonstrate deep understanding of the technical pricing methodology of all Western markets. There are +1 billion people in India & Persia.
Great work Tyler
amazing how many of these pimps have relic fetish
Amatuers.
-- Lord Blankfein
“suspending two traders for placing the manipulative "spoofing and layering" trades”
How novel.. a CME sandwich.
Heet and Nasim don't belong to Alpha Kappa Krappa, that's their problem
probably charge Keith neumeyer for conspiracy to form a cartel.
Or propose a law prohibiting mining CEO's from acting as fiduciaries for their shareholders.
The CFTC, like the SEC, functions best as a punch-line.
.
I actually thought I had a dead pixel. Cut that out!
What a whole shit load of regulators, traders and officials of all kinds are saying about ZH today:
https://www.youtube.com/watch?v=2iEPXKUTrjY
When your regulators are born and bred in the industries they are charged with regulating you end up with........NOW
Lets start a rumour that Jhanet Yhelin is an indian name, maybe we'll get some results.
she does have high cheekbones, after all.
Watch your back Tylers
Yes..., speaking of which...
Speaking of which...
CFTC spokesman has cum stains in his hair from meeting with lord blankfein.
The first rule of Fight Club is..........:
Broken
can we get some pics of those mother fuckers...
HEY GUYS - YOU'RE DEAD MEN!
Fix it? Like sub-prime auto fixed that for a few months?
If the overlords decide stated / no doc should come back, it will come back. Of course the FICO grid has been pounded down by the past 7 years so that will be what "they" have to "work with".
I like Chicago ,, who knew it would be more honest than NYC... The SEC prosecution team against Option-One on behalf of the investors came out of Chicago...
What do you mean, "you people"?
No, no, no. Can't possibly be like the Weinbergs, Rosenthals or Lebovitz?
We're not allowed to discuss patterns.
That would be profiling! Madoff, Dimon and Blankfein would be profiling!!!
Waddell & Reed, DEAD!
Neidermeyer? DEAD!
It's against the law.
Hah....look, all those turrible turbaned tindians, stealing from all the good peoples! Stealing from the tribe IS NOT ALLOWED.
Dammit you Salim man, what! They didn't teach you in trading school or what?
CannoT STeal from the Mastahs, no, never, af paam...
Gotta admit that even in the face of rajaratnam and sarao and the mckinsey guy....them indias don't queet!
https://www.youtube.com/watch?v=KhJjChT1nq4
Et tu ORI?
Good grief man, sarc tags after all these years?
Who to trust ORI.
You trust me?
Mug if you do. 'And that's the whole point of the disinfo campaign.
We need to be clever....er.
It's not too hard, because they are pretty stupid, as a battalion.
Stay well ORI.
Burp...
I think they are talking about racial profiling.
That non americans are getting thrown under the bus maybe?
"What patterns are we talking about"
Answer: Their names don't end in Berg or Stein.
Don't forget the name prefixes representing the pattern...
Any surname or surname prefix evoking something desirable or impressive like Gold, Silver, Crystal, Diamond, Wein (wine), Fein (fine), Stern (star), Blumen (flowers), Rosen (roses)
"The names of the perpetrators: perhaps not surprisingly, Heet Khara and Nasim Salim. Extend to Navinder Sarao and a pattern emerges..."
The missing pattern is that it's not Putin, the Russians, Iranian or Syrian hackers, or even the Chinese. I'm shocked. Shocked, I say.
p.s. Clearly we need moar H1B visas, to keep juicing the 'Markets' and maintain Plausible Deniability.
Baby steps.
One crook at a time.
It's not like we can count on the CFTC.
Only those crooks "not in the club".
Seen any notable (but even more crooked) bankers jailed in living memory?
Tyers, perhaps the term "spoofers"sould be replaced with the term "fluffers". As well as "spoofing" with "fluffing". Reasons being A) The manipulation occurs behind the scenes, B) sole purpose is to levitate assets to continue the show, C) always want Moar, D) after all we are dealing with chart porn on a daily basis. For those that are not fimiliar google the term.
Truth in advertizing bitches!
"Tyers, perhaps the term "spoofers"sould be replaced with the term "fluffers". As well as "spoofing" with "fluffing". Reasons being A) The manipulation occurs behind the scenes, B) sole purpose is to levitate assets to continue the show, C) always want Moar, D) after all we are dealing with chart porn on a daily basis. For those that are not fimiliar google the term."
:)
Not too bad. Not too bad at ALL!
Gotta keep the MARKET 'ACTORS' up and able to PERFORM, after all!
What do you call Bernake's 'Q.E.' stuff? 'THE MONEY SHOT'? it wasn't a 'liquidity injection'. It was a BUKAKE moment or 5...
(Not that I know anything about this stuff)
ZH has been pretty good about predicting short term moves and long term trends. Are you saying that ZH might actually move markets? Awesome.
Sooo...regulators busted two guys doing what the PPT and Citadel do daily, but the two guys do it on a much smaller scale.
Indians are not allowed to drive the bus.
!!!
If gold's headed higher, it's Manifest Destiny. If it's going down, it's a conspiracy/manipulation.
Got it, Zeroes? :-)
You've been here 3 months and have not learned an effing thing. "Try and keep up" numbnuts.
He's been here three months and he knows PLENTY. He knew who he worked for before he came here. Do YOU know what he does here, or WHY?
gold is the enemy of Rothschilds plantation script........get it?
Since when do we let government trolls in?
The irony is this group consistently betting against those that supposedly have the inside edge.
"This game is rigged! " , "i'd like to bet again!"
They will get right to the bottom of this and there will be prosecutions and jail!
Haha! Comedy gold!
Yeah.....ZH busted this, that, Blah, blah. How many people are in prison? Thought so.
The real Zero Hedge, years ago, exposed the whole shitshow. How many people are in prison?
This is just a freak sideshow.
Ohhh, Hillary's got two cunts. One of them is Bill. 'And....??
Like a bitch in heet.
Those are called, buzzards.
We can expect two new trolls here on ZH soon.
Come on fellas.
You can do better than that.
Why Johnny Ringo, you look like somebody just walked over your grave.
He was too high strung
Wake up 'Merica!
What? no white boy is smart enough to do the same?
always the Indians?
dat sooo racyist!
I'd say, much like the narcotics trade, the white boys just don't get caught for some reason.
It's 8.30 bitchez!!! Smackdown time!! Muahahaha...HFT FTW!!
We're gonna need some really big freakin guns here.
Shoot to kill.
It's happening NOW! $1178 support taken out. Yessssss.......keep it cummin.
1173 a bit off the low price..
Were Yellen Obama Bush Clinton Buffet and Bernake arested?
Great update. I look forward to more regulators being forced to act by keeping the spoofing / rigging in their faces.
Ever heard of a slap on the wrist or a stern talking to...or the dreaded internal investigation?
BIGGLES!
Put her in 'the COMFY CHAIR'! HIT her with the SOFT CUSHIONS!
https://www.youtube.com/watch?v=CSe38dzJYkY
Ah, the genius of Monty Python...
yep...I heard there was a guy in his parents attic in Bulgaria and another in the swamps of lousiana....let me know when they find someone on the island of Manhattan or in Greenwich. Hey I just learned that Citidel is located in that honest place of Chicago....talk about patterns!
Keep posting ZH, and keep forwarding to the regulators!
When is the CFTC going to go after the central banks for rigging the markets ?
Of course this is a rhetorical question because the answer is if they did they'd end up at the mahogany lodge.
Probably the 5000th time they ran that scam.
Guaranteed to be back at it in 60 days
Wake up the same thing has been going on in OIL Futures but since you sided on oil going lower ZEROH has refused to look into this as well as the blatant media bias and false information such as: 1) Rig Count doesnt matter; 2) IRAN flooding mkt; 3) Cushing will fill; 4) Prod wont fall; 5) only verticle rigs are being dropped; 6) only rig in non-prod regions are being dropped and so on
I know a Nasim Salim, a little Palestinian guy...if it's him I have a word of advice; never attempt that shit without political cover.
And may i add why arent you going after Citi & GS shills on the $30 oil call..those analysts should be selling hot dogs not commodity research....they spread the false fear clearly
And may i add why arent you going after Citi & GS shills on the $30 oil call..those analysts should be selling hot dogs not commodity research....they spread the false fear clearly
The CFTC staff and Regulators are like most lazy Government dogfuckers.The definition being a big black lab laying in the August hot sun out on the front lawn lickin' his nuts.
Why does a dog lick his own nuts?
Because he can.
Just don't mess up the hairdo.
Describe your current job.
'I go to work, log on to the computer, and watch porn for about 6 hours a day. I take mandatory lunch breaks, and Union-imposed breaks for 15 minutes every two hours, and spend about an hour each day in the bathroom (otherwise, I'd be watching porn for EIGHT hours a day).
WHO do you work for, again?
'The Commoditees and Futures Trading Commission, of course!'
What's your job title?
'Lead frauds and financial crimes investigator.'
What makes you think you're qualified for the position you've applied for?
'Well, I am tenured, and know lots of people.'
Congratulations, and welcome to the National Institute of Standards and Technology (N.I.S.T.). Your FIRST assignment is to put to rest all the rumors that WTC7 was purposely demolished. Do you think you can handle that?
'Does it have anything to do with ENRON?'
SHHH. We don't mention that name here anymore.
'Do I get a computer?'
Of COURSE you do. Tell me, man to man, what's your favorite porn site? I'm going through a divorce, myself, and...
Nice gold dump .... for May day .... Lenin would be proud of his minions .... for spoofing the barbarous relic !
"Hey! Hey! First of May! Outdoor fucking starts TODAY!"
Check in at ZH for the facts and the truth, then visit BusinessInsider for all the bullshit and spin.
But since he got out of jail, Martin Armstrong says there is no gold manipulation.
I know the Tylers know this but gold suppression is done at the direction of the US Gov't. It's clear that this suppression is part of, and integral to, their "Full Spectrum" control of financial markets. That's why Dimon was quoted as saying he is doing "Gods" work, he is part of the network of financial institutions tasked with manipulating and controlling financial markets to most certainly include gold. Should gold not be manipulated, it would surely reflect the huge money supply growth experienced since 2008. Therefore, do NOT expect any official action against Gold manipulators. This will stop IF China/Russia decide that it will stop, not a second sooner. BTW, I am beginning to think that China is part and parcel of the Rothschild's central banking scheme since they are linked to them at the top of the banking industry so I'm not sure we can look to them to end this monetary slavery system. They'll probably come up with a more subtle and total control system in cahoots with the current band of bandits.
but gold suppression is done at the direction of the US Gov't
We came. We saw. He died.
https://www.youtube.com/watch?v=FmIRYvJQeHM
if you don't mind my wild speculations, my take is that rothschilds consider all the national gold reserves their property, as they probably own most of the central banks in the world. they don't need private vaults and armies to protect it. through monetary policy they control the governments who take care of the details. for the last century the US government was their main vehicle of control to dominate the world both financially and militarily, while the mossad is their personal secret service and all the US alphabet agencies are their mere subsidiaries (at least according to the one-way NSA information uplink). that was until recently. we are witnessing a major shift to east. only way to transfer the gold reserves from west to asia, is to sell it in plain sight, on the open market. and that's what's happening. the reason why the price of gold is being suppressed, is that TPTB don't want to bankrupt china, as they are forced to use their own finances to buy the gold for the rothschilds. fort knox is empty, because rothschilds have already transferred their property to the new custodian. as the wealth is gone, rest of the power and control is to follow, in a coming decade or so. the only question remains, will that happen through war?
Laymen-> i can agree with this. If you research history, most follows. The ESF was transferring gold from US to other countries and the real news popped up from time to time, starting in the 60's. Primary capital investment from the elite then went east starting after 70's. By the 90's US was hollowed out, gold wise. Through trade agreements the IP was then moved east as well. Then the FRB made all those "loans" out in 2008-09, hollowing it out even more. Wouldn't the elite want to set up shop in the Shanghai 'free trade' zone opposed to western world ?
I am not sure if ZH is too bullish for PMs in the medium/long term. It seems more neutral than anything else at the current price levels.
+1
Rothchilds "club of of isles" leaves no stone unturned, they do run the world and dumping a Malaysian jet to grab a patent ownership is just a days work. To think they do not influence China I agree is naive.
And what changed after the spoof was dealt with. Nothing. I am so sick of this bullshit. All I know is my physical is mine and as they continue to manipulate the price to zero Ill be buying more and more.
Another example of fraud and deception, the halmark of the American finacial sytem.
America should take all these market manipulators and hang them for treason!
The monthly close Thursday was an obvious paint of the tape.
Manipulation is like counterfeiting .... private players are not invited !
The SEC/CFTC are great at catching the crooks, but only if they're small fry...
The CFTC is owned, operated and bent over by wall street and the banking cartel.
This acts as a slight impediment to doing their job.
This is "crowd sourcing" as a regulatory mechanism. Could be incredibly effective....
Don't even have to read the article to know there is no way those busted this quickly were Jewish.
CFTC is gubbamint. Gubbamint is the enemy. (staged riot in baltimore anyone? ignore the slaughter in Chicago anyone?)
CME finally got off their fucking asses and fixed their shit.
Beautiful Tyler(s). Humiliate these fucking assholes.
so these two guys made like $2000 and are the cause of the rigged market of trillions...LOL!!!!
But it gives the rest of the traders pause: the old risk/reward computation.
ZH, putting the crooks on pins and needles finally!
(Goldbusters!)1
If there's somethin' strange in your tradinghood
Who ya gonna call?
(Spoofbusters!)2
If the HFT is somethin' weird and don't look good
Who ya gonna call?
(Spoofbusters!)
I ain't afraid o' no Spoof
I ain't afraid o' no Spoof
If you're seein' things runnin' through the Fed
Who can you call?
(Spoofbusters!)
An invisible man tradin' in your stead
Oh, who ya gonna call?
(Spoofbusters!)
I ain't afraid o' no Spoof
I ain't afraid o' no Spoof
Who ya gonna call?
(Spoofbusters!)
If you're trading all alone, pick up the phone
And call
(Spoofbusters!)
I ain't afraid o' no gold
I hear it likes the girls
I ain't afraid o' no gold
Yeah, yeah, yeah, yeah
Who you gonna call?
(Spoofbusters!)
[1] Mod of original Ghostbuster lyrics.
[2] Spoofbusters --> Tips @ zerohedge.com
But this is allowed to do in gold! It is the only way smart people can steal it all, at fake prices, until it is all gone. And I do mean steal.
Allowed? Yes, by criminals. You are right about that. Naked short selling is illegal. More people need to be marched off to prison. It will never happen, because the dollar only exists because they manipulate precious metal pricing. If every contract on Comex required the contract holder to take actual physical delivery of the metal, the price of silver and gold would triple overnight, and then some. And you are right! Right now they are stealing it with valueless paper!
Awesome! Keep up the good work!
Someone needs to throw that Mullethead ex-CFTC stooge Bart Chilton in a wood chipper.
I wish I knew how to read those graphs
One Bourbon, one Scotch and a bong hit. Then look at the pretty colors. At least that is what I do...
The primary trend for gold and silver are straight into the toilet, with a short sucker's rally to pull in the chumps and ne'er-do-wells. In other words, the Zero Hedgers.
Meanwhile, 2014 Gold Pandas now sell for over 1300, and 2013 gold pandas sell over 1400. It is not the people buying the gold that are losing. It is the simps who think they are setting the prices that are losing. They just can't wrap their head around the idea that paper price is not being used after the first subsidized melt anymore. The paper sellers are literally creating a free money arbitrage for the public.
These sorry goyim should've known better, as non-jews they are held to different standards. Silly Goy, theft is for Jews.
i thought only jp morgan manipulated precious metals
Do you expect JP Morgan to do the trading directly under their own name?
http://www.theguardian.com/technology/2015/may/01/tesla-announces-low-co...
I think they will need silver for this......
Mercy, mercy me.
Looks like we got us a cowboys & indian frackus.
who cares about gold, the action is in fixed income and trillions in derivative value. show us the manipulation in treasuries please. yields higher on nothing, no news, low volume. it' self evident.
New bucket shop, er, I mean Comex, terminology follows. A must know for anyone trading paper in the "fair and efficient markets."
http://windlegends.org/scoundrelsslang.htm
Congratulations, Zero hedge!! Stick to what you do best, ie; exposure of the total farce that masquerades as today's free market capitalism.
Speak your truth boldly,be powerful, strive for truth for all who want it
"Free" market as in free to rig, naturally. Why? Massive profits with little or no risk of prosecution even if you are caught. Caught? Pay a fine and move on.
Saw where a guy in Cali was finding empty FNMA homes. He took control of them and rented them out. He filed deeds, etc., to show "ownership". No forgery involved, just did like the banks do! Rents the place, tenant has valid lease and now what? Oh, yeah, to resolve this FNMA has to go to court! Says FNMA doesn't even know how many homes he has taken this way! Guessing he is operating all over Cali. He rents far under market as you have to put in your own carpet or do own clean up. Rents nice 3 bdrm 2 bth for 1200.00 or less. Homes are occupied and cleaned up. Now the only person really hurt may be the realtor who thought he or she was going to be able to sell the home. Title company finds the mortgage and asks him if he will remove the mortgage...he says no. NEXT!
Joan Robinson nailed it first in the 50/60s when she showed the world that John Galt was truly an invention of someone who loved to suck up to the "big ones" of capitalism; those who never placed a bet on the market UNLESS it was caressed by a rigged roulette wheel behind the curtain and blessed by regulators and pundits of media as scions of status quo !
She defied the teachings of the refugee from Tartary, branded by her youth's traumatic humiliation, and who spawned the Freudian knee-jerk creed of "being selfish is good and the bigger you are the moar selfish you can be as winning then is inevitable like a king with divine rights"... as no judge dare contradict what your edit makes market mantra. To win was all and the end justified the means.
It was called "dominant position plays" and was just the opposite of "free hand of market" that Adam Smith claimed was the new rule of capitalism.
Machiavelli stymied Montesquieu in the age of nation-state building and Ayn Rand stymied Robinson in the age of hyper capital markets by inspiring the Chicago school of dumb monetary clowns feeding the rigged market, like Friedman and her pet poodle Greenspan.
We deserve the catholic kings of neo-liberalism that we get, the Universal Empire they spawn under the heavy hand of its Inquisition, from Montezuma's eviscerated halls to Tripoli's torture chamber. All for king Oil and God $.
As we have become blind and dumbed down.
Rule 413 reads like the warning about a pit boss in Vegas.
gold bar in the anus...ouch
What in the fuck do these regulators do all day? It's not like these trades are being executed in a ghost market.
Great job showing them how to catch a clue!
What they do? Shit. nothing.
Tyler, I hope your nail gun is stowed away in the vault and your life insurance policy is current.
Kidding aside, well done!!!!!
I think Tyler Durden knows how to take care of himself. Years ago ZH left the Homeland and posters were saying "Gee, what are they doing that for?".
this, like money laundering, is a serious crime, unless, you happen to be tbtf, in which case, it is encouraged.
There's a problem with this though,
If you can prove that someone committed a crime based upon patterns of individual and market behavior, then when that behavior continues... you basically have to accept that more individuals are committing the crime.
Therefore, the legitimate participants in the market should assume that more sanctions or charges will be forthcoming.
ha ha funny joke
Bloomberg:
George Soros May Face a Monster Tax Bill
Deferring income helped the billionaire hedge fund manager build his fortune
I hate that murderous, lying, crony. George Soros is reprehensible enough to get the Devil's attention. The devil is always looking for new employees, directors and upper management types. Business in hell has never been so busy. He will do just fine. Besides, it's a dry heat.