from King World News
Today a top advisor to the most prominent sovereign wealth funds, hedge funds, and institutional funds in the world, spoke with King World News and exposed one of the Federal Reserve’s many manipulations and interventions in key markets.
[…] Michael Belkin on the Fed’s interventions and manipulations: “I’m utterly convinced that the Federal Reserve manipulates the stock market. I experienced this firsthand when I worked at a government securities dealer, Solomon Brothers, which was one of the top three investment banks back in the 1980s and early 1990s. And in the 1987 stock market crash, they (the Federal Reserve) came in through us and intervened in the markets to make the markets bounce back. Everybody on the desk knew that. They (at Solomon’s trading desk) watched the (Solomon Brothers) Vice Chairman start bidding for multiple huge blocks of stock with money that we didn’t have.