You've hit the nail on the head tt.
The banks cried to the government for a bail out when their self created sub-prime loan debacle capitulated.
The mining companies and their investors have risen up in one voice against the RSPT.
How come the masses who invest part of their weekly earnings (and more) into super are apathetic when their savings are whittled away by unscrupulous trading practices?
They meekly go on with their daily chores offering their earnings up the chain of a financial feudal system where the lords at the top of the tree are a law unto themselves. As if taxes aren't enough. At least with taxes there is some return to the country's infrastructure. With super it appears to be falling into a black hole.
Maybe it's just ignorance or well publicised 'world events' that they are led to believe is to blame.
I have noticed that my representations to the media regarding unfair tactics have not been taken on board. I don't know any other way to give silent investors an indication of what is going on.
Perhaps we should encourage a mass move to cash holdings for superannuants so the institutions themselves are encouraged to tackle the problem.
This would cause a market crash in the short term but what does that matter to retirees whose forced life savings have been undermined in the first place. At least they'll have their money in cash anyway.
The way the market is now increasingly run by competing algorithms. Retail investors cannot compete, only try and predict their moods. It is only a matter of time before they devour the market until there is nothing left.
But it appears impossible to get the information out there.
We, as retail investors, can see the problem but our voices are not heard. What chances are there for the everyday investor who is blind to these tactics?
Surely a fairer and more sustainable market system was originally intended. Unfortunately the beast has been unleashed and it is only a matter of time before it self destructs.
#:>))
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You've hit the nail on the head tt.The banks cried to the...
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