This page has been archived and commenting is disabled.
Did The Bank Of England Just Admit Financial Markets Aren't "Real"?
Submitted by Mike Krieger via Liberty Blitzkrieg blog,
On a day witnessing such tremendous financial market volatility, this seems like the perfect story. The Bank of England has announced an “Open Forum” to be held on November 11, with the title: Building Real Markets for the Good of the People. No, I’m not making this up.
Here’s a screenshot from the BOE website:
We have to “build real markets?”
Sure sounds like an admission of guilt to me.
»
- 30812 reads
- Printer-friendly version
- Send to friend
- advertisements -
You don't say! Real markets are dangerous, people. Think of the children.
On 11/11 of all days.
Seems people woke up and realized that the "market" is not really what they said it was?
Doesn't matter. They cannot weasel themselves outta this one. Or put another way, invite another group of muppets in so they can weasel their money away from them.
pods
Far too much truthiness coming out of the BOE lately. Somebody better put a muzzle on those people before everyone is wearing ZH tinfoil hats.
I only like wearing my tinfoil hat because it's counter-cultural. If everyone starts wearing one I'm not going to be interested in it any more.
As the physical gold market makers in rigging London's gold market, the BOE knows more than anyone how bad this is going to get.
Now they are getting philosophical.
"Ethical drift" ....... that's a new one.
Fast and Furious (Money Printing), Ethical Drift
Ethical drift? puleeeze. The scale off the ethics charts was breached years ago. Its now, and has been, well into the lawless section of the scale. Lying, cheating, stealing, insider trading, frontrunning trades, naked shorting...just where do they think they crossed that ethics line?
Feeling the heat in England?
Thank you Mr. Corbyn.
Thank you, Scotland.
Guys going to wake up with a nail gun next to him in the bed.
They're just trying to wessel out of any responsibility at all. Hey, everyone's involved but we're trying to do something about it. Hang them all
If today didnt convert anyone who was even mildly wondering if the casino is rigged, then I dont know what it would take.
Maybe it's true about something happening in Sept.. I mean even though the PPT is trying it's best (remember this is there best and that means things are bad) the rest of the planet is dying financially.
Actually, there might be something to wearing tin-foil hats:
https://www.youtube.com/watch?v=bDdk70k4bjw
Anyone want in on the bottom floor? I bet we can sell a million of these things...
When you're doing God's work it doesn't matter if markets are real or not, now does it?!
I assume they are using Stalin and Mao's definition of "people".....
Pol Pot.
"Ethical drift" what a SHIT definition for CRIMINAL MANIPULATION.
What other kind of ethics can you have in relation to a "flexible currency?"
"Semitic Semantics"
Maybe they "misremembered" some things like Brian Williams.
It's a bullshit world, has been for awhile now.
I was Snow White, but I drifted....
Mae West
Meant unethical grift.
When bankers start going to jail then you'll have ethics in the markets.
I'll dig up the URL but there was an article a few weeks back discussing how it was going to be difficult to hire bankers if they can't cheat.
I know I have "unethical as a mother fucker" on my resume, doesn't everyone? hello? anyone?
That will work for a while but history repeats itself.
"Ethical Drift".
You´ve got to be shitting me using that description.
How about we bring up the subject of the "fiscal rectal stimulation" the broad public has been subjected to over the last 7+ years?
The criminal manipulation comes into play when the ppt and the Fed feel they have superior ethics, feeling the "social license" of the markets for the past 8 years has been and should continue to be to prop up the markets to make the masses feel good while they get swindled.
I can't click the link to the BOE website. I will need to shower as it makes me feel that dirty.
Ban electronic trading. All trades must be made via human to human contact to agree a price.
Or you could have a rule that people have to hold their "investment" for some crazy period of time, like I don't know...maybe 24 hours?
Ban fucking derivatives. They're shitballs wrapped in toilet paper surrounded by enigmatic highfalutin bullshit. You've gotta be "really smart" to understand the complex world of derivatives. In the case, smart = criminal
Even one hour would be a 60,000% improvement
when are where can i start putting all my money(.37 cents) into it? this last "market" ain't doing it for me.
Keep tongue-punching that fart box, BOE.
Depends on what "real" is . . .or "building" is . . .or "is" is
Layer, on top of layer, on top of layer, on top of layer, on top of layer, on top of layer of absolute bullshit.
"Did The Bank Of England Just Admit Financial Markets Aren't "Real"?"
"Ethical drift?!" LOL.
You can't "drift" if you have no ethics in the first place.
Zion is a scheme, not an ethnicity.
They are worried about the markets not joinng the "ethical" fraud,...quick give them QE4 before they start Jonesen and "drifting" back to reality.
Anything involving these demon worshipping monsters won't be good, "real" or otherwise. Let them choke on their fiat.
"Only Doom dares to dream! All others serve!"
- Victor von Doom
Feel free to contact the BoE by email at: OpenForum@bankofengland.co.uk
at least they have that beacon of honesty that is HSBC. /sarc
You ain't seen nothiing yet if this loon gets elected. Come and get your free money: http://www.telegraph.co.uk/news/politics/Jeremy_Corbyn/11820156/Jeremy-C...
Socialism took 70 years to build, before it collapsed.
It all works until those at the top get a bit too greedy. The sheep don't mind being shorn but the minute you start eating sheep for dinner it becomes a different world.
that's what gets me, like the fucks werent already stealing enough
Now made with real chicken!
"Market Innovation"?
They think there are honest new discoveries to be made in the auction process?
Truly?
Only in defrauding it. There is an endless stream of innovations in fraud.
Maybe we should stop funding it and controlling it, and simply let it happen?
where are the stops after 3 PM?
Progressive-Speak Translation:
"Building UN-Real Markets for the Good of the People"See: https://en.wikipedia.org/wiki/Newspeak
The cocksuckers at BofE know that business needs ethics in order to function smoothly, but they waited for 32 business quarters to broach the topic on the opening day of Z O M B I E
E M P I R E. Methinks, they are purposely late in bringing this subject mater to our collective attention.
E M P I R E. Methinks, they are purposely late in bringing this subject mater to our collective attention.
"." Damage done more than 4 years ago to be exact!
I guess this is for the thieving Shylocks in the ranks that have some sort of pent up residual guilt after the irreparable damage they've caused by making a sign of the cross or (insert religion and ritual of choice here) with the "holy water" after they've washed there asses with it "first"!
Of course they aren't real. Ask the virtual trader himself, Ron Insana.
social license?
barff to hear a central bank discuss ethics, the horror.
God damned Fabians... Draw and quarter every last one of those socialist cunts.
S&P just breached -4%... This is so epic, cant wait to watch Shanghai tonight. Unleash the Kracken!!!
The entire "system" isn't real.
And just remember that the so-called "system" is controlled by the bankers, who use it to rob everyone at will. They have centralized their power and now control government and big business.
The only effective way to restore any semblance of sanity is to abolish the banks and decentralize all power structures.
That means that all monopolies must be broken up and government must be made into an open-source entity that keeps no secrets.
Banks can essentially be replaced with something akin to Bitcoin. After all, there's no real utility left in banks because they pay virtually no interest and keep very little in the way of cash deposits on hand.
Instead, they charge fees on money that they aren't storing, and they act as predators in the financial markets.
Tally sticks, bitchez!
Skate Uphill
https://youtu.be/pXhKzY0BKwY
If they'd get the fuck outta the way real markets would flourish.
Carney isn't real. He's a Golden Squid. Will you take him back?
I thought they were already working with GOLDMAN SACHS!
To me money is a consumption permit. Some people earn the privilege to consume through production, others print themselves consumption permits, calling it their god-given right. Some people gamble with consumption permits, hoping to turn few into many, but typically end up losing.
The goal of permit issuers is to use the gamblers as the means of reducing the net purchasing power individuals (ensuring there's a persistent excess of goods available for them). Meanwhile they create coupons that grant direct access to that wealth.
The whole purpose of the market is to convince a person to give up his consumption privilege temporarily and then permanently so that the bankers could scoop up riches for pennies on the dollar. Each financial and market crisis is an opportunity for the central bank to expand its influence. After each crisis they possess more power and own more stuff.
"Ethical Drift"... lol
If the peasants begin casting stones at the edifice of power, and you are within said edifice, better to walk outside and begin casting stones with them before the building is overrun and you are caught inside.
"Real?" Probably just a Sunderland fan thinking, with envy, about a certain Spanish football team
Damn, another truth to power.
"Banks can essentially be replaced with something akin to Bitcoin. After all, there's no real utility left in banks because they pay virtually no interest and keep very little in the way of cash deposits on hand."
Yesterday it was Chief of Police Lenard Campanello in freaking Taxatuchutes of all places sharing "The war on drugs is over. We lost".
Geez! What's next; A candidate for President that lives and breathes "Yes, I can". that's Si, se puede for you multilinquist.
Warning: just game overtime. If they are going to build real markets "for" the people and not "by" the people...............just more of the same shit with the same fuckheads in charge.
.....and the forum will be headed by "Lord" Rothschild.
"Market"
I do not think that word means what they think it means.
:-O
This is whats known in hunting circles as baiting the field.
Is the BOE real or a 6 sided hologram?
Same circus; different clowns. 1890 cartoon with Old Lady of Threadneedle Street using QE. "Just This Once."
http://punch.photoshelter.com/image/I0000L.WsAiNiIvw
Nope ... just outlaw the bullsh*t, such as dark pools, HFT, specialists, market makers and privately managed IPOs.
If you want a market then it has to be a fair and representative market. Those who create money can NEVER be involved in the markets.
Oh, and send financial criminals to jail.
time to just boycott all this crap. sell it all, end the markets, fuck everyone involved in this crap.