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ranbotrader
Member since May 2012
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The free market’s slow death

- Alasdair MacLeod - Goldmoney

Whilst your comments are totally correct Alasdair the population is often to blame as there is demand for cheap products, cheap services and cheap credit. Governments in many cases are the messengers but of course they go far beyond their mandates because they can.

The fact that greed and business go hand in hand has become an acceptable practice and those who have their fingers in the till and who manipulate markets to their advantage are often accommodated by governments which turn a blind eye whilst being fully aware of illegal behaviour.

Governments themselves are also involved in what would be illegal if you or I tried it. Money printing is more like counterfeiting but when you hold power who is going to stop you. And don't forget that the government cannot be prosecuted no matter how illegal or bad its conduct. Its called politics.

Commented 4195 days ago

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Beginning of the headline :Much has been made in the press of the manipulation of LIBOR, without much explanation of the consequences for prices of all things that depend on supply and demand for bank credit. Outrage focuses on the activities of avaricious bankers, which is why the connection never gets made between relatively minor manipulations of credit pricing by banks and far larger manipulations by central banks... Read More

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