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The psychological damage of the January crash cannot be overstated. One of the primary goals was not just to make a quick profit on a short-term price swing off a parabolic rise; it was to destroy the confidence of the retail investor, to make them question the very foundations of the bull market, and to scare them back into the paper fiat system that is so clearly failing.
But while the paper markets were in turmoil, the physical market was telling a completely different story. While the price in the West on the screen was plummeting, dealers were reporting unprecedented demand, and across the ocean in Shanghai, the price difference between the two was expanding, not contracting.
Because when very young I took a Interest in bettering the lives of our countries elders born in the 1800s. I was fortunate enough to meet many of them and who knew when they were young many famous and infamous people like Jessy James, john W Harden, to the Buffalos Bills , Indian leaders and traveling shows, politicians, old time judges and bankers, Christian way and giving charity or someone in distress while trying to avoid getting it like a stigma.
Point is this two tier trading system would be described in something like being on a wagon train and a bunch of wealthy bankers and institution employees in the front broke their wheels on the wagon by taking the wrong path and not only didn’t know how to fix them because they never did any manual work in their lives but they had to get through the pass before the winter storm. So in the middle of the night they stole the wheels from the other wagons and left them behind to die. The ones left behind were tasked with fixing the broken wheels while winter was coming on and somehow got through the storm exhausted, lost people along the way because of it, on short to no supply’s left and were finally happy to get through. However they never forgot the ones that left them behind for dead. I don’t think they ever imagined a day would come that the ones who did that to them would never be held accountable.