Hi Ken,
It was a flaky article, it was inflammatory, and in a sense that was the point. MRAP’s are not the issue, the undermining of the capitalization process via stock manipulation is. Dr. Byrne previously had posted a near identical article along the lines of: “Hedge Funds to Cancer Patients: Die.” In that case it was a biotech company developing treatments for cancer.
The same stock manipulation scourge of delivery failure and phantom stock has recently been a factor in bringing down the largest banks in the land. Jim Cramer almost noted almost as much today:
Cramer on Shorts: The short-selling assault on the financials was and is rule, and this is something the next SEC chairman must examine, says Cramer. (Video)
Cramer focuses on short selling, but does not mention delivery failure, which is the key part as it allows for ‘naked short selling’. And it is understandable why Cramer doesn't after reading The Story of Deep Capture. Cramer also barely spits out:
"....the government was completely captive to the hedge funds and the brokers because that's the way the government was; this is the best government money can buy."
That sounds like regulatory capture in public choice theory. Regulatory capture happens when politicians and bureaucrats act in favor private-vested interests over the public interest. The theory has been further expanded to “Deep Capture”, whereby not just regulatory institutions are held captive, but all institutions are susceptible to capture. Including; academia: mainstream, financial, and social media.
(Ken: btw, a man by the name of C. Austin ‘Bud’ Burrell has been a major player in exposing these failures in the delivery system, has done groundbreaking work. Apparently he served as an SF officer during Vietnam, and later spent 30+ years on Wall Street. Do you know him? He has done great work.)
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