He had sold
them back to me say at 120, and he stood where he had stood at the
beginning. He had none of the 100,000 shares. Both of us stood, so far as
stock was concerned, where we had stood at the beginning, but as to
profits and losses there was this difference: I had ten millions of
dollars profits, while Barry Conant's clients, the 'System,' were ten
millions losers--and all by a trick. The trick did not differ in
principle from the one in constant practice by the 'System.' When the
'System,' after manufacturing Sugar stock, sell 100,000 shares to the
people for $10,000,000, they so manipulate the market by the use of the
$10,000,000 that they have taken from the people as to scare them into
selling the 100,000 shares back to them for $5,000,000. After they have
bought they again manipulate the market until the people buy back for
$10,000,000 what they sold for $5,000,000. The 'System' commits no legal
crime. I committed no legal crime. I had not even infringed any rule of
the Exchange, any more than had the 'System' when they performed their
trick. Since my experimental panic I have repeatedly put the trick in
operation, and each time I have taken millions, until to-day I have in my
control, as absolutely as though I had honestly earned them, as the
labourer earns his week's wages, or the farmer the price of his crops,
over $1,000,000,000, or sufficient to keep enslaved the rest of their
lives a million people.
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