Paradox is awsome. The downside is that you to have to live with the knowledge
that 1+1 doesn't always equal 2, luckily, that probability is infinitely small.
Other, real-life paradox does matter, and finance and law are full of it.
Think about Central Banks this way: Would you like to have an imaginary friend
who gives you money? The USA did that in 1913, and the Brits did it waaay earlier.
Of course, logically, most banking is fraud, so the governments have to create
the legal fiction that Central Bank actions are fair and just, and also that
if ayone else attempts this they go straight to Jail. So if you and I decide
that we have an imaginary friend who gives us money, we not only go to Jail,
we probably get assessed for tax, KYC, AML, structuring, as well. Got that? Cool.
Pass enough laws, and eventually you get two mutually exclusive things that
must be true. This is meat and drink to the legal profession, and since the
Central Banking and financial systems are founded on legal fictions, it's
sorta a permanent open season - don't try this at home, to mix metaphors.
Which brings me to this:
http://www.zerohedge.com/news/2016-07-13/spoofing-trader-who-outsmarted-citadel-and-hfts-gets-3-year-jail-sentence"And the biggest irony: Steven Peikin, one of Coscia's lawyers, argued that high-frequency traders routinely canceled orders. He told the jury that Coscia's trading strategy was unique but not illegal. Wrong: it is illegal, but he is absolutely right that everyone does it, especially the HFTs. But doesn't matter - next year Coscia will be back in court to hear just how many years he will spend in prison."
Fast forward to today when Coscia's story gets its conclusion. As Bloomberg reports, Michael Coscia, the first person convicted of spoofing after it was made a crime under the Dodd-Frank Act, was sentenced to three years in prison by a federal judge in Chicago, less than half the time sought by prosecutors."
"His real crime? Taking on the HFTs, and Citadel, and winning. Now he gets to spend 3 years in prison thinking about it. And let that be a lesson to anyone else out there who dares to do the same."
There are many facets to this story, one is this: TPTB realised that this
was just another version of the "imaginary friend" and that if it was allowed
to continue, the entire Banking scam would fall apart. So, everybody knows
what's going on, they even complain to the regulators - but when they do
as others do, and are profitable, they get arrested.
You might conclude that trading is only allowed after the protection tax is paid,
but I couldn't possibly comment on that.
I'll admit I'm surprised that a jury would convict. After all, if they don't
understand what's going on, they have to acquit, don't they?
And if they thought bitcoin was a threat, we would all be in Jail.
