How Financial Looters Are Destroying Your 401(k) in a Fraction of a Second | Brainwash Update

Abby Martin explores the public distrust of the US financial system, discussing the controversies surrounding ‘High-Frequency Trading’, a practice that involves advanced computer algorithms that gives buyers and sellers on Wall Street an advantage over the general public.

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  • emperorreagan

    401Ks were a scam from the beginning. Externalize the cost & risk of retirement to the individual. Even without high frequency trading, there were also plenty of other advantages for big players (such as inside information).

    Also gives average people the feeling that they have a stake in a system which doesn’t really serve them.

    • http://americancannibal.org/ American Cannibal

      Pretty, pretty, pretty much. People don’t understand that they’re getting screwed by the 401k provider, not HFT. Self-managed investors know how to beat HFT: It’s called a LIMIT ORDER. All these goofy 401k plans don’t give a crap, so they buy at market rates where the HTFs take their pennies.

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