So much for the "short squeeze" in BBBY, huh?
Down 60% in 3 days.
I hope nobody around here got suckered in by the Reddit touts on that one!
Hard lesson for anyone who did: Short squeezes NEVER go "to the Moon!"
NEVER.
They shoot up, and then they crash back down to reality.
I do not agree the stock market is a scam. In principle, it is no different than a housing market, a car market, or any other market. It is an opportunity to buy and sell ownership in businesses.
But it definitely is controlled by people who are corrupt and who do scam as a daily activity.
I agree that Rule of Law is the primary problem we face (lack of it), including the SEC.
As far as those older "short squeezes," using the force of government to bankrupt systems is a far cry from buying a $30 stock and hoping that others will do the same and bust the system.
P.S. I have read your posts promoting your work about "The System." I have not had a chance to dive into it (heavy subjects take me some time to be ready for the journey). But I just wanted to say I do appreciate the effort you must have put into it. Will read when time allows.
It is a scam, because it was designed to be a scam. It has been a scam since the very first day of the creation of a stock market (1601). It has been the same stock market, controlled by the same people, for centuries.
The housing market, the car market, and all other markets are also the same scam, created and run by the same people, for all of the time that such markets have existed. In fact, housing market manipulation was (at least according to historical accounts) the reason (or a major contributor) for the fall of the Western Roman Empire (or really it's transition to a religious entity from a governmental one). That housing market scam was run by the same people who run all the markets today (and always have).
Seriously, read my report. I realize it's a lot (and what I have up there is only 1/3rd or so of what it will be), but it's easy to break up into chunks because of how I have it laid out with the sidebar navigation and subsections, and I've been told it's a fairly easy read (as intended).
It really will explain so much. I don't get into the earlier stuff (pre 1850 or so), just to keep it tidy, but I can help guide you to earlier resources if, after reading it, you would like me to justify my statements of earlier connections.