Quote:
Originally Posted by Topspinmo
O comparing to drug cartels. It’s all Ponzi scheme if on outside and don’t have inside trading information or wealthy enough to manipulate stocks. 1% control stock market selling millions stock causing the market to drop, then buy back when get low enough been going on for 40 years plus.
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It's more like the 0.0001%. It is easy to volatility wash assets if you control the fiat counterfeit racket. For example, the fiat currency terrorists have been manipulating gold price to the point where there is probably 10X more paper gold than above ground gold. The gold price use to be set twice per day (by decree) in the City of London. We will see if they are able to volatility wash Bitcoin...They won't be able to long term. The fiat Ponzi has been going on for hundreds of years. The USA markets have been obviously/admittedly manipulated since October 1987.