SEC Extends Ban On Short Selling

If you are not a financial manager, this measure to bureaucratically manage the economy seems unimportant. It is a significant indicator for the average voter nevertheless.

First, it indicates that the investment apparatus is not a free market. It must be bureaucratically managed to produce a fair market value, which is, of course, absurd because it is not the product of a free market if you have to command it in posterior to counter the command of prices in priority.

Short selling would be the price stabilizer that short sellers say it is in the public interest if the capital was not consolidated (a free market), but it is. Hedge fund managers account for most of the short selling. They take the shares you are not using and sell them, using the value of those shares against you in your best interest?

No! The massive volume that consolidated capital wields manipulates (commands) prices. Thus, it is not a market price or a "fair" value. That's why price manipulation is a crime, because the wisdom of the collective will, a free market, is not ALLOWED to operate. A technical bureaucratic correction is an inferior substitute for fair market value. It is not a market value, it is value on command--the Hamiltonian model.

The SEC's bureaucratic command of the marketplace fits the Hamiltonian model and indicates that our economic recovery, and recovery of The People's net worth, will be unfairly slow and volatile, to shake out as much of that volume at a loss as possible, with the uncertainty of whether short interest will be high or low on command.

The Hamiltonian model needs to be put on the museum shelf right next to the buggy whip.

Everything. for example, Paulson, the treasury secretary, has done to manage the crisis has been wrong. That's because he is using an outmoded model of political economy when The People are demanding "fair" results that the model is not designed, by definition, to produce without commanding it (an elitist command economy).

Even if the outcome is commanded to the satisfaction of The People, it has not been "determined" by The People. It is not the product of a Constitutional self-determination in which BOTH the means and the ends of power are thoroughly legitimate, legal, and proper.

The People must re-Declare Independence!

Obama/Biden!