Martin Armstrong view on spoofing financial markets, which is disruptive algorithmic trading used to outpace other traders and manipulate the markets.
Spoofers make traders place hundreds or even thousands of orders
Spoofing financial markets became prominent during the era of high-frequency trading, which allows the execution of large orders over time.
Spoofing financial markets is just one example of how the bigs have crushed the legitimacy of the market, which has become rigged at the cost of the many for the benefit of the few.
Turning spoofing into manipulation is the death knell of trading.
“Spoofing financial markets became prominent during the era of high-frequency trading, which allows the execution of large orders over time”
WEALTH TRAINING COMPANY
Martin Armstrong view on spoofing is to avoid trading large sizes
“During the Great Depression, insider trading was defined as a director who knew the company would go bankrupt, and he sold his shares before releasing that information. That is what REAL insider trading indeed was. The problem with our law is that a prosecutor gets to create a new theory of the law and then charges you, and it can be precisely the opposite of what the law was intended to do,” he said.
“If you have cash now, they will consider it money laundering because you are trying to avoid taxes,” he added.
“If you have cash now, they will consider it money laundering because you are trying to avoid taxes”
MARTIN ARMSTRONG
Trading, a poker game; Martin Armstrong view on spoofing
“Trading has always been just a poker game. When I would call a bank for a quote, they would always try to read what I would do and move the spread in that direction. Sometimes, you have to pretend to be a buyer if you really have the size to sell. If “spoofing” is now manipulation, trading is finished. You cannot call Goldman Sachs and say, gee, I want to sell $1 billion. They will clip you,” said Martin Armstrong.
“The polarity in economics and living standards is contributing to greater political polarity. It is also leading to reduced trust and confidence in government, financial institutions, and the media, which is at or near 35-year lows” – Ray Dalio
Martin Armstrong view on spoofing is market manipulation
“John Maynard Keys wrote in 1926 “The End of Laissez-faire” which was the piece that argued that the government can MANIPULATE the economy by using interest rates to manage demand. It was the “New Economics” which completely failed. Before he died, he admitted he was wrong and that not even central banks could manipulate the trend of the economy, no less a single market. Even Paul Volcker, back in 1979, wrote about the failure of Keynesian Economics in his Rediscovery of the Business Cycle. I remember Paul and I had a conversation about that back in 1998,” he said.
Indeed, the central bank sits comfortably with Maxist ideology.
One of Karl Marx’s ten planks in his Communist Manifesto to seize power is the “centralization of credit in the hands of the state, through a national bank with state capital and an exclusive monopoly.”
So the centralization and monopoly of money is not capitalism, nor is it democratic.
Central planners and central banks have eliminated price discovery
Spoofing is one of the few ways JPMorgan rigs the gold market laughing. Maybe the only way to win is not to play.
