Short sellers have made a killing in the recent banking crisis, scalping $14.3 billion from bank stock owners just in March of this year. Short sellers “borrow” stock they don’t own and immediately sell it, driving the price down. Then they buy it back at the lower price, return the stock, and pocket the difference. Bankers say the practice is threatening the stability of the banking system and are calling for a ban on short sales of bank stock. The Securities Exchange Commission (SEC) is expected to decline but is investigating whether the practice constitutes illegal market manipulation intended to deceive investors.
Banks are not only not required to maintain a reserve, they are also no longer required to have cash in the vault. Phantom banking that can vanish into the mist. They only exist as long as sufficient TBTF corporations pretend and act as if they exist. In the meantime those phantom vampire banksters are foreclosing on real wealth (property) and chaining the 99% with debt so that the wealth of their labor will no longer belong to them. Set aside some physical cash to better survive any future calamity. The USD will be taken by local merchants and farmers over any other currency in the short term. They are not prepared to handle cryptocurrency or precious metals.
Any person who does not recognise short selling as anything but the kind of theft that made Amschell Meyer Rothschild his first 2000% illicit profit in 1815, should join the investmant banker hanging queue which, I am certain, will commence forming before this decade is over.
Banks are not only not required to maintain a reserve, they are also no longer required to have cash in the vault. Phantom banking that can vanish into the mist. They only exist as long as sufficient TBTF corporations pretend and act as if they exist. In the meantime those phantom vampire banksters are foreclosing on real wealth (property) and chaining the 99% with debt so that the wealth of their labor will no longer belong to them. Set aside some physical cash to better survive any future calamity. The USD will be taken by local merchants and farmers over any other currency in the short term. They are not prepared to handle cryptocurrency or precious metals.
Any person who does not recognise short selling as anything but the kind of theft that made Amschell Meyer Rothschild his first 2000% illicit profit in 1815, should join the investmant banker hanging queue which, I am certain, will commence forming before this decade is over.