I have found a few truths about the US financial system over the past 15 years, ever since I started trading.
By Daniel at 19 October, 2009, 9:17 am
--------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------
Prior to that, I was like 99.99% of Americans. I worked (I’m now over 70) and raised a family, put a few dollars awat for a rainy day or emergencies, now mostly stolen by “Da Boyz” on Wall Street and corrupt politicians of which there are MANY.
I didn’t really study how Wall Street worked for 55 years and I had no idea that a very small percentage of Americans own about 94% of the countries wealth. To me, it was places like Nigeria which were corrupt. After all, white guys in suits (I’m white btw) were not like those dishonest darker colored folks in other countries.
Ever since we go to school, we are taught that this country is a leader in integrity.
Well, I’ve discovered that ain’t quite true. If you invest in places like Nigeria, you know you’re going to get ripped-off at some point. However, here in the USA where the government is honest (lol) and various Federal agencies make sure that Joe America’s hard earned money is safe (lol) and make sure that none of those scams which operate in Nigeria, get out of the gate. WRONG!!
It totally amazes me (now) that kids go to school and learn physics (some anyway) and spend time being taught MANY things which will be of absolutely NO USE at all in the journey through life. Not one lesson is in a schools curriculum, teaching children about finance. Nothing about being careful in investing because if you hand over your cash you are jumping into shark infested waters. Nothing about Wall Street (after all it IS the center of the USA financial investment system) and how it operates. Not one lesson (history) about the scores of Ponzi schemes which have robbed people of their savings throughout history. Usually operated by white guys in suits who (to quote Mario Puzo in “The Godfather”) can steal more money with a briefcase they they could with a gun.
Not one lesson teaching children that the US political system is corrupt because, even if a politician actually believes (for instance) that a public option for health care should be available - he will vote against it because he collects BIG money off the drug companies and health insurance companies. In other words, his/her level of integrity is no different that Bernie Madoff’s or Charles Ponzi or Kenneth Lay or Bernie Ebbers, Christopher Dodd, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc, etc,
Children are sent out into the world, TOTALLY financially unaware of how it REALLY works. They are lambs walking to financial slaughter with “Da Boyz” of Wall street grinning from ear to ear as they sharpen their butchers knives.
Of course, if someone suspects that he/she might be stepping into a financial slaughter house, commonly known as Wall Street, he/she can always remember those lessons he/she was taught in school. Those hours studying pythagoreon theorem will come in very handy as “Da Boyz” clean out their savings, then head off to Bermuda, their briefcases stuffed with dollars.
- Fiftyfirststate
--------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------
No comments yet.