Recent comments in /f/dataisbeautiful

makavelihhh t1_j2x5ms2 wrote

I'm sorry but I don't agree. You cannot blame something that happened 30 years ago for something that got incredibly worse from 2016 to 2022.

Maintaining you electrical infrastructure is the bare minimum that a serious government should be able to do.

The problem I suppose is incredible corruption at every level of SA society. This is for sure linked to the Apartheid, but it cannot be used as an excuse today.

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pale_blue_dots t1_j2x4ggb wrote

Ok, so you have nothing substantive to offer in a rebuttal. Just the general Trumpian-esque bullshit.

Again, this isn't "conspiracy" - at least in the way you're using it - it's all right there in Bloomberg Market articles and Investopedia entries. It's really not that difficult to understand. You simply do not own your shares if they're not directly registered with the transfer agent & company and, as such, they can be used in such a way as to harm your investment through myriad avenues, mostly from hedge fund algorithms and dubiously legal derivatives and swaps.

Seems to me Payment-for-Order-Flow being illegal in Canada, Europe, U.K, Australia, and Singapore - but legal in the U.S. - should be enough to tip someone off that something may be a little goofy, to say the least.

If anyone is interested in learning more about this in more depth, I'd recommend reading "Naked, Short, and Greedy" by S. Trimbath.

Edit: clarification


Edit2: it should be noted that FINRA (Financial Industry Regulatory Authority) and the NYSE are Self-Regulatory Organizations (SROs) - "We investigated ourselves and found no wrongdoing!. More importantly, though, the DTCC/Cede & Co. is also an SRO and it is impossible (for "regular people" - for non-executives of the DTCC) to tell the extent of the problem (namely Failure-to-Delivers, FTDs) throughout the system because they do not provide that information. This wouldn't be a problem if they just came clean - which can, unequivocally and certainly, be done in a safe and privacy-oriented way by publishing related raw numbers that can then be cross-referenced with public information and data.

Furthermore, the SEC has made it obvious, for whatever reason, that they only fine companies pennies compared to 100s of dollars in profits - meaning these companies just see it as a cost of business and nothing to really be worried about. The regulatory capture andor corruption is palpable.

When there's talk about "wealth inequality" this and that and "rich getting richer" and "CEO pay has risen X amount while workers' wages have remained flat" - these are some of the major, key mechanisms by which that is happening.

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hidden_secret t1_j2x2mwd wrote

Not really, as someone in Europe who rarely goes to twitter, it's interesting to me to see that south hemisphere countries are all about it, I wouldn't have guessed it was still that popular in some regions of the world.

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Eli_Renfro t1_j2x1aea wrote

All conspiracy theorists are only stating facts, so you aren't alone there. That those facts are entirely irrelevant and taken out of context is immaterial.

People have been using brokers to buy shares since the stock market began. All brokers are regulated by FINRA and the SEC. You're heavily implying that these "things to be aware of" are material, when in fact they are not. Owning shares through a broker is just as safe as doing the work to buy them yourself. It's definitely not "problematic, to say the least". Your technicalities are immaterial and you're just spreading FUD. An example of your baseless FUD that you are claiming as "fact".

>Those shares, if not in your own name, are are, very, very, very, very likely, being used against you in convoluted schemes similar to 2008 Housing Derivative Meltdown

I'm sure you'll have some "brilliant" reply with a list of some more meaningless technicalities and baseless claims like the one above, but the crux of the matter is that none of your claims mean anything. You're just noise, like all of the pundits predicting the next crash. Good investors tune out noise. Which I will now do to you.

Anyone reading this can check out /r/bogleheads if you want examples of what good investing looks like and why it's wise to ignore this type of noise.

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