For anyone who doubts that the markets are rigged, I hope they saw these reports and interviews today with banking and APRA representatives.
APRA is supposed to investigate and regulate the banks, and then report anything suspicious or untoward to ASIC for prosecution.
Today, it was admitted by a bank, and by investigators, that they only co-operated with APRA when they knew the outcome for themselves was going to be positive. If the result of any APRA oversight or question to the banks was looking like it might become negative, then the banks simply refused to co-operate with APRA, and as a result nothing got presented to ASIC prosecution, next to nothing. APRA executives are also implicated with potentially working with the banks.
So, this is why it actually took a Royal Commission, mandated by parliament, to find out what the banks were doing, and so subsequently nearly all of them have been fined hundreds of millions of dollars for basically illegal actions and operations against just about all their customers, but particularly targeting the naive and innocent mum and dad investors.
Not only that, but the superannuation arm of one well known bank was actually transferring much of the superannuation savings of mum and dad investors into it's own accounts and using those funds to invest and make money for itself on the Share Market, while only paying back a small percentage of those profits to customers. When it was illegal under federal laws to remove money from customer superannuation investment accounts, but they still did it, in vast amounts. Some of these revelations are incredible, and quite simply mind boggling.
And these kinds of things have only scratched the surface of how corrupt organisations effectively steal money from mum and dad investors, on the Share Market, which they manipulate, and in a dozen other ways. Only the surface has actually been scratched.
It's time that a lot of (ordinary citizens) and people began to wake up to the realities of what is actually happening in the financial markets, and to their savings, and how absolutely corrupt the banks and the share markets are, at all levels.
Gw
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