We are 20 Days out from the American presidential election for 2024. Who will win and does it even really matter for the home of the CIA, FBI, NHS, and 5 Eyes? For the land of make-believe and pump n dump. Starting here is our no harm no foul World War III coverage on the same day as their Presidential election. Don't expect any blistering intelligence statements on the coverage that might avert chaos in current world affairs or foreign policies. We are just along for the ride by the 1% that stuff it up for everybody else. Perhaps along the way, there will be some reporting on new honor shrines for their contribution to society. They do seem to like to give each other presents.
14 Sept 2024 - Trump's threat to punish countries that drop US dollar.... - Geopolitical Economy Report
Russia calls on BRICS partners to create alternative to IMF
MOSCOW, - Russia, which chairs the BRICS group this year, has called on its partners to create an alternative to the International Monetary Fund to counter political pressure from Western nations ahead of the BRICS summit later this month.
Pump and dump Wiki
Pump and dump (P&D) is a form of securities fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements (pump), in order to sell the cheaply purchased stock at a higher price (dump). Once the operators of the scheme "dump" (sell) their overvalued shares, the price falls and investors lose their money. This is most common with small-cap cryptocurrencies[1] and very small corporations/companies, i.e. "microcaps".[2]
While fraudsters in the past relied on cold calls, the Internet now offers a cheaper and easier way of reaching large numbers of potential investors through spam email, investment research websites, social media, and misinformation.[2][3]
Scenarios
Pump-and-dump schemes may take place on the Internet using an email spam campaign, through media channels via a fake press release, or through telemarketing from "boiler room" brokerage houses (such as that dramatized in the 2000 film Boiler Room).[4] Often the stock promoter will claim to have "inside" information about impending news. Newsletters may purport to offer unbiased recommendations, then tout a company as a "hot" stock, for their own benefit. Promoters may also post messages in online chat groups or internet forums, urging readers to buy the stock quickly.[2]
If a promoter's campaign to "pump" a stock is successful, it will entice unwitting investors to purchase shares of the target company. The increased demand, price, and trading volume of the stock may convince more people to believe the hype, and to buy shares as well. When the promoters behind the scheme sell (dump) their shares and stop promoting the stock, the price plummets, and other investors are left holding a stock that is worth significantly less than what they paid for it.
Fraudsters frequently use this ploy with small, thinly traded companies—known as "penny stocks", generally traded over-the-counter (in the United States, this would mean markets such as the OTC Bulletin Board or the Pink Sheets), rather than markets such as the New York Stock Exchange (NYSE) or NASDAQ—because it is easier to manipulate a stock when there is little or no independent information available about the company.[5] The same principle applies in the United Kingdom, where target companies are typically small companies on the AIM or OFEX.
A more modern spin on this attack is known as hack, pump and dump.[6] In this form, a person purchases penny stocks and then uses compromised brokerage accounts to purchase large quantities of that stock. The net result is a price increase, which is often pushed further by day traders seeing a quick advance in a stock. The original stockholder then cashes out at a premium.[7] Pump-and-dump schemes also permeate the crypto-market, targeting especially low-market-cap, illiquid coins on cryptocurrency exchanges.[8][1]