The Huge Fraud Behind Our Stock Market

Comedian Lee Camp, in a special episode of his show Redacted Tonight, has discussed whether the stock market is actually a Ponzi scheme with author Tan Liu.

Liu has written a book ‘The Ponzi Factor’ – “so dangerous that financial websites, finance shows and blogs…want nothing to do with him and banned him from their comment section,” Camp said introducing the guest on his show.

The author revealed “how our stock market is the dictionary definition of a Ponzi scheme – frauds that end with a lot of people getting royally screwed.”

Lee Camp: What do people think the stock market is? Most people think they’re investing in a company and they get a small piece of the dividends, the profit, that’s the money they get from it. But that’s not really true, is it?

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Tan Liu: No, it’s not. Those are usually the people who don’t actually read the documents in terms of what the stockholders are really entitled to. Basically, as you can see on CNBC in Jim Cramer shows, what they focus on is earnings and growth of the company. Why are they focusing on that? That’s because they’re trying to predict or …foresee whatever the stock price is going to be by earnings and growth.

The issue, of course, is profits from stocks and what makes a stock price move is not the earnings and growth. It is actually money from another investor. Now, is there a connection at all with respect to the earnings and growth and this price movement? Yeah, it is called a speculative connection: it is not a legal one, it is not a logical one, it is not a definitive or mathematical one. It is pure speculation.

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What else is a speculative connection? A Ponzi scheme. I can speculate, a Madoff scam, when people will stop entering with more money. Speculative connections don’t mean anything, but the thing is that is actually what CNBC, what school and academic institutions and Jim Cramer focus on….

www.rt.com/usa/427318-lee-camp-stock-market-ponzi/

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