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IPFS News Link • Economy - International

There Are No Markets, Only [IMF] Manipulation

• http://www.nestmann.com, By Mark Nestmann

They've pressured mutual funds to buy stocks and run advertisements that extol the virtues of buying stocks.

The Chinese central bank has even parceled out cash to brokers to make it easier for investors to buy on margin. As central banks do, it's creating the cash out of thin air. The central bank also announced a surprise devaluation of the yuan, China's currency.

So far, the intervention hasn't worked. Chinese stocks continue to plummet. The latest interventions urge companies to buy back their shares and boost dividends. Perhaps the central bank will create more money to pay for it all.

That might stop the plunge. But then again, it might not.

China is hardly alone in overtly manipulating its markets. This blatant effort to manipulate stock prices is only the most recent desperate gamble by global governments to prop up markets. They'll do just about anything to prevent a repeat of the 2007-2008 recession.


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