You must log in or # to comment.
This is what happens when liquidity is prioritised above everything.
The liquidity creators (market makers etc.) have made themselves the most important part of market structure today, which has resulted in the destruction of supply and demand.
So unless you’re
riggingmaking markets, what hope do you have?This is why direct registration needs to happen. They rely on everyone else’s assets to slush their liquidity around.
For anyone just kinda happening across this post and not sure what’s being talked about, this is related to the stock market.
Basically, it’s possible for large hedge funds to create and even sell “phantom” AKA counterfeit shares - and then when someone calls them on the fraud, they can just kinda say, “Whoops! Our bad! We’re just going to reverse the whole deal and pretend it never happened. :)”
There’s more in-depth info at this website here - which isn’t very pretty or expensive/professional by any means, but is well-sourced and straight-forward.
“ONLY criminals would have built such a system.”
gestures broadly at the political structures and institutions around us
