Sorry Fools, There Will Be No Stock Market In The Digital Age
The market has simply morphed into computers trading back and forth to each other and pension/investment managers throwing your hard earned money into essentially worthless investments keeping the Ponzi like scheme alive.
It is inevitably what happens when you lever something up too much and force or bribe people to invest in it.......but the music is running out in this long game of musical chairs.
SACRAMENTO California Attorney General Jerry Brown has sued two former officials of the nation's largest public pension fund for fraud, alleging they set up a system of kickbacks to guarantee outside firms won a piece of the fund's lucrative investment portfolio.
The lawsuit against the former officials at CalPERS, announced Thursday, is the product of an investigation into the role of so-called placement agents, the middlemen hired by money-management firms to help them win business with investors.
The alleged kickback scheme raises questions about whether CalPERS board members and investment officers had the best interests of the state's pensioners at heart when they made investment decisions for the fund.
The Digital Age will not stand for this NONSENSE....and Alstrymous will guide you into it.