…folks like my nephew actually aren’t your customer. They’re your product. Your customer is sitting right next to you, Mr. Griffin with Citadel.”
Perspectives
TSP & Vanguard Smart Investor Posts
Smart Bird: Fix It Rant
Social Security is a transfer tax from the current generation to the retired generation. It is a generational tax, not an investment account, so the rich in our generation should NOT get off the hook…
Smart Bird: Do you wonder why Citadel pays your brokerage to execute trades instead of charging them?
Robinhood, E-Trade, TD Ameritrade, Charles Schwab, WeBull, Ally Invest Securities, First Trade, TradeStation and Fidelity all get paid to direct your orders to Citadel to execute trades according to the Marten’s 4 February article.
The Martens: Another Perspective of the GameStop saga
Before you buy into the David versus Goliath saga of GameStop, it would be wise to step back and do some homework on what’s really going on.
Smart Bird: “You have to wipe these people out”
Gamestop is blowback to wall street. Wall Street wants protection. Two minutes of truth.
The Martens: Why the financial markets are broken – extreme corruption at the top.
“The pint-sized Carmen Segarra had the guts to sneak a tiny tape recorder into the New York Fed to blow the whistle on the crony relationship between the Federal Reserve Bank of New York and Goldman Sachs. Segarra was an… Read More ›
Smart Bird: Millennials are Screwed
Millennials own less than 5% of all US wealth today compared to baby boomers at the same age who owned 21%. The economy and financial system have been rigged against them.
TSP Smart: The Predators’ Protectors
Apparently, a proven background in preying on average Americans is now a prerequisite for getting a job as a Wall Street regulator.
Smart Bird: Does this bother anyone else
Pardoned General Flynn calls for martial law to overthrow Congress and the Courts and Trump holds a press conference saying he is going to do something to defend the election system…great, just great.
Doug Noland: Pondering the New Treasury Secretary
…there’s a salient aspect of Yellen’s career that should not be overlooked: Her failure as Fed chair…