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UncleNasty -> RE: Dow is dropping faster than a hot potato (6/22/2009 5:34:08 PM)
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quote:
ORIGINAL: philosophy
LaT makes an excellent point....in that the stock market is high risk. Always has been, always will. The problem is that there are those who have sold the idea of the stock market to a lot of people. This is why earlier i characterised it as ideological. Part of the Right's agenda, all over the world, for the last few decades has been the idea that the more of us who invest in the stock market the richer we will all be. It's only partially true. Some of the time we may make more money........but some of the time we lose it all. Thing is, the bigger the corporation, the easier is it to cushion yourself against the slumps. Conversely, individuals have next to no protection...but those individuals do create a lot of cash flow for those corporations to exploit.
We focus too much on money. Too much on pursuing the idea that we want, nay need, more of it. LaT also spoke of value......value isn't just what someone will pay for something, it isn't always reckoned in dollars and cents.
A few weeks ago i watched out our back window while a wolf stood on a small rise and watched the world wake up......cost: nothing, value: priceless.
I've not read beyond your post here philo, so it may be addressed elsewhere down the chain. But...
Among the negative results/impacts of having converted from a solid and tangible "money" (gold or silver), and further having removed even paper fiat currency from the mix, such being supplanted with mere keypad entries, is that when "money flees" from accounts, in whatever form the accounts, it is the larger of the entities that have the easiest and fastest access to the assets. Millions, even billions, can be moved in the wee hours via computer long before average Joe has any opportunity or access to do same for himself.
In many instances actions of this nature are absolutely illegal. But it still happens. Frequently those perpetrating this take on a "So what. Catch me if you can" kind of attitude and they often manage to walk away with no real repurcussions.
Uncle Nasty
Uncle Nasty
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