Thursday, March 05, 2009

Confidence

All the smiling bimbos, bobbleheads and buffoons on TV keep asking why has John Q. Public lost confidence in the stock market.

John Q, who has been pumping vast sums of money into the market as the way to retire on easy street, has just had the rug pulled out from under him and his plans... again. 401K losses from 20 to 50 percent have been common to date, and predicted to get much worse.

This is not the first time. These market "contractions" have happened more than once, each time obliterating retirement accounts, requiring them to re-start at square one all over again.

John Q is starting to realize that this has indeed happened more than once, is always caused by the same players, and that none of this happens by accident. John Q is beginning to realize that he will not retire with a lucrative nest egg to fuel his golden years, that financial titans around the world will step in on a regular basis, skim the profit off his accounts and then reset the game, a game John Q has zero chance of winning.

What these titans seemingly have forgotten is that you can't pull the rug out from under these millions of small-time investors more than once a generation without being exposed. But greed and avarice are dangerous bedfellows, they can cause even the very cautious to overstep.

So, poor old John Q has been burned - big time - at least twice now. It's not confidence he's lost, it's the belief that he was in a fair game, one that would deliver on it's promises, not the rigged and thieving shell game the market is today.

So you say the market will recover. Well of course it will. New cycle, new game, new promises. And then it will be collapsed again, ten, fifteen years from now, as the big boys skim the cream of the top, leaving John Q - once more - holding the bag.

None of this happens by accident. Every step is planned, every step is conducted with military precision. When you realize that trillions of dollars are involved in each "contraction", you will realize that what happens to that kind of money is never left to chance.

Just imagine how much more money will be skimmed off in these "contractions" if Wall Street gets its hands on your Social Security account. Their lobbyists have been romancing Congress for years to get that very thing to happen,

Wall Street, as it exists today, is the biggest con game in the history of the world. But will enough of us ever realize that to change it?

Probably not. It's like I said, greed is a dangerous bedfellow. And as long as we think we can get something for nothing, Wall Street - and the financial titans that control it - will prosper.

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