(((Hedge funds))) do absolutely nothing for society except subvert it. It's a criminal endeavor. (((Hedge funds))) should not exist.
HFT should not exist either. It adds nothing to society except to subvert it and aid criminals scamming people who add value. All HFT algos do is front run stock transactions. Think of HFT as ticket scalpers. They run in front of you, buy your tickets, mark them up and resell them to you for a higher price.
Commodities should not be legal to trade. Sure, finance the original producer, but exchanges should not be allowed to transfer contracts to third parties. It adds no value to society except to subvert it. Commodities simply get more expensive as the contracts are traded over and over.
Derivatives should be illegal to trade. It is simply a betting instrument. Again, no benefit to society.
I could go on.
I completely agree.
Now we can rant about it, about how things should be, and we can try to do something about it, learn how shits work, expose flaws, take advantage of flaws, individually and collectively, etc
Because it's there now, "deal with it", or don't...
One can always give up and turn his back on all this. Problem is that it's like politics; if you don't take care of it it will take care of you. It's a small world
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