Tuesday, March 3, 2009

Why I don't trust the "free and open" stock markets

It's been said plenty of times- things that are too good to be true, usually are.
This has certainly been true of the Wall Street Bailouts, and the pitifully stupid "blame the government regulators" excuses being put forth for banks in the United States being 4000% overleveraged, and banks in certain European countries being up to 20000% overleveraged.

When are we going to wake up and smell the coffee- banks, bankers, insurance companies, stock brokers, bond brokers, traders in every market- these people are parasites, taking more money away from corporate financing than they ever give back.

JUST SAY NO to your entrepreneur business getting venture capital. If you can't make a living on your own production, if you can't expand your business out of current profits, maybe you shouldn't be in business AT ALL. Sign up with one of these criminals, and I'll guarantee your business will either be a failure, or will morph into a short term, shortsighted mess. It will NOT be the type of business people can count on to be around past the next market downturn- because the real effect of the markets is to destroy wealth, not create it.

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Oustside The Asylum by Ted Seeber is licensed under a Creative Commons Attribution-ShareAlike 3.0 United States License.
Based on a work at http://outsidetheaustisticasylum.blogspot.com.