Management, page-23

Good luck to you esh, and thanks for your posts and info mate.
I will look forward to seeing you back at some stage (perhaps), if I am here.

Many stock markets around the world now are ruled by algorithmic programmers, and increasingly A.I. and Neural Networks, and so they have become nothing more than a roulette tablet at a casino. It's been more than a year now that Goldman Sachs in New York has had double the number of A.I. programmers working for it than brokers.

A.I. and their algorithms can push weak stocks up to incredible valuations on no news, and great stocks down to almost zero, at will, regardless of the quality of management or the projects or the financial state of the company. None of these factors are important anymore, and even the large corporate speculators don't care, they just choose a victim company and manipulate it through electronics.

I told authorities and the politicians that this would happen when algorithms and A.I. were first introduced. I even had HC start the algorithmic trading forum here. But they all said it was scaremongering, when in fact it was them who were scared, of the corporate dictators they had let in.

In the future, there will be no human trading, and myself like you esh, will have to exit and move on.
We are in the last throws now.

The regulators will do nothing, because they are in bed with the corporate world, just like the politicians are. For instance, in any fair system, the trading in DCN would have been halted yesterday once it lost about 10% or 12% of it's value, until things were sorted out, but this was not allowed to happen by either the ASX, or the company, or the government, simply for one reason - certain powerful financial figures who control funds wanted to exit DCN, and the ASX and ASIC, and the directors of DCN, and the government were literally too AFRAID to stop them. So we know who has the power.

This is what the stock market has become, and it's the way of the modern world, a world I am quite frankly getting too old for now.

I even know through some very close I.T. colleagues, of an expert high level I.T. group (together with colleagues at the university) who were designing and developing an algorithmic Free stock market model and software, with fair trade protection rules and a number of other exceptional safeguards - and they were forcefully shut down. I can't tell you by who on this thread, but you can guess. Some of them even felt intimidated (or more).

So it has come to this my friend. It has come to this.

The financial world is headed for a massive global meltdown, and only one thing will count, "physical" gold in a vault. But even then, if the politicians believe the country is in threat, they have the power under legislation to take your gold (yeah... no kidding), under emergency legislation for the protection of the nation state. Nothing is really safe.

I am reminded of a quote from Lord of the Rings by Tolkien.
" I am glad you are here with me. Here at the end of all things, Sam"
(Spoken by Frodo on Mount Doom)
― J.R.R. Tolkien, The Return of the King

Gw