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<p>[QUOTE="Clawcoins, post: 2689177, member: 77814"]interesting. his first statement was that the markets are controlled by the government. I don't think that's the case. So everything after that is nonsense to me that is based on that.</p><p><br /></p><p>his 2nd slide stated "Proofs and Problem .. "</p><p>as Afantiques states in his post above that he doesn't understand the concepts properly, which is a redundant problem of his.</p><p><br /></p><p>Proof? His simple statements he states is a Proof. Those are just statements to me, and not proof.</p><p><br /></p><p>I do agree that futures/options really mess up the market. But that's gambling for 'ya.</p><p><br /></p><p>He stated that the DTCC vaults being flooding then burnt them all .. blah blah blah.</p><p>I find it ironic that in a DTCC statement they specifically reviewed this by stating ".. It is the largely irrelevant latter ... Note we did not use the word <i>electronic</i> because those are there and accounted for in numerous back up data sites, with full designation and attribution. <u>In other words anyone who made a mountain out of this particular mole hill sadly has no idea how modern markets operate</u>, since all that the DTCC needs to do to remedy the flooding damage is to notify transfer agents of this natural disaster, and then have duplicate stock certificates printed .. The company’s computer records are fully intact, including detailed inventory files of the contents of the vault. This effort is more of an administrative and logistical challenge than an economic issue"</p><p><br /></p><p>I find many of his stated facts are incorrect.</p><p>I listened to the entire thing about 1.5x</p><p><br /></p><p>Did he really lay blame on the entire y2k thing on Alan Greenspan ?[/QUOTE]</p><p><br /></p>
[QUOTE="Clawcoins, post: 2689177, member: 77814"]interesting. his first statement was that the markets are controlled by the government. I don't think that's the case. So everything after that is nonsense to me that is based on that. his 2nd slide stated "Proofs and Problem .. " as Afantiques states in his post above that he doesn't understand the concepts properly, which is a redundant problem of his. Proof? His simple statements he states is a Proof. Those are just statements to me, and not proof. I do agree that futures/options really mess up the market. But that's gambling for 'ya. He stated that the DTCC vaults being flooding then burnt them all .. blah blah blah. I find it ironic that in a DTCC statement they specifically reviewed this by stating ".. It is the largely irrelevant latter ... Note we did not use the word [I]electronic[/I] because those are there and accounted for in numerous back up data sites, with full designation and attribution. [U]In other words anyone who made a mountain out of this particular mole hill sadly has no idea how modern markets operate[/U], since all that the DTCC needs to do to remedy the flooding damage is to notify transfer agents of this natural disaster, and then have duplicate stock certificates printed .. The company’s computer records are fully intact, including detailed inventory files of the contents of the vault. This effort is more of an administrative and logistical challenge than an economic issue" I find many of his stated facts are incorrect. I listened to the entire thing about 1.5x Did he really lay blame on the entire y2k thing on Alan Greenspan ?[/QUOTE]
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