(GLOBALINTELHUB.COM) Dover, DE — 7/18/2017 — Hidden in plain site, as the Trump administration finally released something of substance regarding the so called promised “Trade Negotiation” we see FX take center stage in the global drama unfolding. As noted on a Zero Hedge article: The much anticipated document (press release and link to full document) released by …
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The Forex Rigging Irony
March 24, 2016While Forex banks, traders, and other institutions are being blamed for market rigging, the Swiss National Bank can publish reports about its own market rigging, but instead of being a scandal, it’s economic data. That’s because the vast majority don’t understand how the Forex markets work. It’s not insulting – it’s a fact. Currently there are hundreds of pending litigation cases against a plethora of Forex banks, traders, and other institutions – but none against a central bank. Of course it would be ridiculous to sue a central bank for market rigging – because it’s in their mandate to manipulate the market. Of course they don’t call it manipulation, they call it ‘market operations’ and the Fed, sometimes known as ‘market intervention’ or ‘stabalization efforts.’ Anyhow, it seems strange that on the one hand, central banks manipulate their own currency via ‘market operations’ which mostly are done through commercial Forex banks, but it is the Forex banks that receive this printed money that are sued, not the central banks.
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