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Tag Archives: Wall Street fools crooks parasites thieves
Traps and Lies of the Stock Market
Here’s a survey of the traps and lies of the stock market. Lie the First: Money in the stock market is “savings”. Reality: Money in the stock market is “speculation”. You buy a stock on the speculation that it will … Continue reading
Is government to blame for the financial crisis?
Is the present financial mess the fault of government? Of course. The bill of particulars for this indictment is here. Note that his basic thesis is that to get out of the mess, we need to stop the lying by … Continue reading
The grassroots alternative to the big goobermint bail-out of the parasites on Wall Street.
Over the last few weeks, the financial masters of the Universe have been meeting in grand conferences. Held in world capitals, the cash glitterati have been conspicuous in their open conspiracy to take from Main Street and give to Wall … Continue reading
A Chill Wind. . .
A chill wind blew into Oklahoma City yesterday, bringing much-needed rain, fog, and a definite turn to the weather. Winter is on its way! My list of pre-winter chores is long and I haven’t been making much progress. There is … Continue reading
The market giveth, the market taketh
The market giveth, and the market taketh away. Yesterday the market zoomed up, after the most major hit of financial methamphetamine in the history of finance. Today, as is always the case with drugs, financial or otherwise, the market is … Continue reading
The many faces of the 401-k scam.
This is a collection of some miscellaneous thoughts that have been running through my brain regarding 401-ks. + It’s a mistake to base our independent retirement programs on 401-ks. (Or 403-bs, for those of us who work for non-profit organizations.) + A … Continue reading
Posted in Financial Crisis
Tagged 401-k, 403-b, retirement plans, Wall Street fools crooks parasites thieves
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Getting ready for poverty.
It looks like we are approaching “punctuated equilibrium” — a time when events and changes move rapidly – the “old” crumbles and a new way of doing things settles into place. Only one thing seems certain about the present financial mess. … Continue reading
Blood in the streets
How ungrateful of the markets. Here comes Congress and the Federal Reserve, who for all practical intents and purposes are dumping cash from helicopters all over Wall Street, and yet the market continues its stubborn way downward. Which just goes … Continue reading
OOPS! Congress votes, market drops
Something seems to be wrong with this picture. Congress just voted to cave to the Wall Street blackmail. But almost immediately after the vote — the market, which had been generally up all day — began to fall. One thing … Continue reading
