Loading ...Sri can’t offer any special insights, as we are in uncharted waters. Yes mkts have had cartels and heavy manipulation from insiders…the two big ones were the South American Coffee cartel in the late 70’s/80’s and the so called Tin Council on the LME in the 80’s as well….both blew up spectacularly .
But we have never had a Cartel that ran the World and made all the rules…well u did if u lived under Communism. So maybe that is the closest example. That took the thick end of 100 years to blow up, but it had no ‘democracy’ to worry about. I think and hope we elect ‘clean’ leaders, who will drain the swamp….but will that be before or after it all blows up financially ?????
The one thing we can be certain of, is one way mkts like we have now, breed complacency and corruption/greed, so u can bet inside these current mkts, that look like perfection for CB policies on the surface, is a morass of unexploded financial bombs, most of which we know nothing about. Think Bear triple leverage ETF’s, in the SM and no high vol bids !!!!!!
Crypto’s will be seen as a sign of how crazy participants were…that recent Ethereum theft is shocking, especially the pathetic response…geek gobbledegook from children….there is no security and can never be, if all the asset is, is a line of code. Somebody recently asked, what restrictions are there to their creation…answer of course is none…therefore what real value can they have…other than none.
Also the next financial crisis will take out the CB’s. …….their credibility is already under severe question by many.
Cheers