past ten years markets have continued to go up and up thanks to the fed and the bank of japan and the swiss national bank and others buying up you know basically making sure that these guys never have any losses so the financial markets are as just as gerrymandered as the political markets so ninety seven percent of incumbents win in the politics because it's so gerrymandered to be that way the same with markets is the j.p. morgan chase this is the wall they expect to win all the time because the markets the algorithms are gerrymandered to make them win all the time during the crash of the one nine hundred twenty nine period you had what were called the flyers these are bankers who were jumping out the window and what happened was that suddenly they looked at their balance sheet and they saw that no matter how much of the propaganda that they spewed and believed their net worth were still zero and the same thing i think will happen here markets crash and these people still be saying it can't possibly be true word of god we print money we buy. your own shares the world is not right do you kn

to manufacture gains and to manufacture a bit of cushion on this way down to oblivion but even the swiss national bank remember they were geniuses last year because they were buying stocks they now are down hugely billions and billions of dollars because they live by the sword they die by the sword they have totally lost track of their role as a backstop to the banking system to become this enormous hedge fund and now they're going the way of most hedge funds into irrelevancy and under-performance while the other way you might look at it as well is that for the past ten years markets have continued to go up and up thanks to the fed and the bank of japan and the swiss national bank and others buying up you know basically making sure that these guys never have any losses so the financial markets are as just as gerrymandered as the political markets so ninety seven percent of incumbents win in the politics because it's so gerrymandered to be that way the same with markets is the j.p. morgan chase this is the wall they expect to win all the time because the markets the algorithms are gerryma