Comments by "Frederick Miles" (@frederickmiles8815) on "" video.

  1. Also our equitity markets are no longer functioning - we dont have price discovery - havent for years. Its a Ponzi scheme were the underlying security does no exist - as no retail transaction impacts tape due to pfof (which sends retail to non ATS exchanges). Since bailout of LTCM and repeal of Glass Steagall it has become clear retail exist as cannon fodder for wholesale. There next step will be elimination of retail capital (they will sell it as elimination of consumer debt).
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  2. Correct - its oligarchy wearing the mask of the Vanguard party.
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