No longer a conspiracy theory: Wall Street investors now openly admit the “markets are all rigged”

Saturday, April 11, 2015
By Paul Martin

by: J. D. Heyes
Saturday, April 11, 2015

“The stock market is rigged.”

That’s the first line in a recent column by New York Post financial writer John Crudele. And while the tendency for many — especially anyone who is struggling to get by — is to instinctively believe him (using the because ALL rich people are greedy liars mentality), making such a bold claim really should require some evidence. Some proof.

Well, Crudele has provided it. And actually, the claim is nothing new; he’s been making it off and on for a couple years now, and with evidence.

Still, he notes, people “scoffed.” Some, he said, dismissed his claims as just another “conspiracy theory,” complete with “tinfoil hats” and the like. Most, however, just ignored him and continued with the belief that a stock market in a broke country, with a broke, underemployed population, can still gain in value, based on these stark economic realities, without any monkey business.

No more, Crudele says. “The dirty secret is out.”

He notes further:

With stock prices rushing far ahead of economic reality over the last six or so years, more experts in the financial markets are coming to the same conclusion — even if they don’t fully understand how it’s being rigged or the consequences.

Crudele also points out that he’s not the only financial markets analyst and observer who sees what’s really going on. Ed Yardeni, a longtime Wall Street sage “who isn’t one of the clowns of the bunch,” recently said straight up that the market was being propped up.

“These markets are all rigged, and I don’t say that critically. I just say that factually,” he asserted on CNBC, Crudele wrote.

Government and companies themselves are likely in on it together

The Rest…HERE

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