Showing posts with label " Wall Street. Show all posts
Showing posts with label " Wall Street. Show all posts

Sunday, August 5, 2012

It's just like magic. Now you see it. Now you don't.

The rich say they earned their money and deserve to keep it. Well, where do you think they got their money from? From a money elf? Chasing a rainbow? Selling lemonade?

Here is the unknown truth. Surprise! They got their money from you and me. From investments that went bad. We lost. The rich won.

Have you ever heard of the “transfer of wealth?” The middle class once had most of the wealth. But the cunning Wall Street bankers took it from us while we were innocently cutting taxes for the rich. They play a mean bait and switch game. Now you see it. Now you don’t. Putting hard earned money into risky investments. We were Playing games without knowing the real rules. Rules that keep on changing.

So now, the wealth has been transferred to offshore accounts. Never more to be seen. Never more to be used for the American good. Robbing Peter to pay Paul. Zip! Pop! Shazaam! Gone. Vaporized. Middle class money quickly becoming a faded memory.

Goodbye good paying jobs. Goodbye higher education for the kids. Goodbye affordable health care. And, goodbye the way we were.

Never mind the fine print and the lawyer speak. That doesn’t matter anymore. Once Wall Street got our money. Their contractual responsibilities disappeared. Poof. Gone up in smoke.

So, Ladies and Gentlemen, you have been “Transferred!” Some might call it “screwed.” We’ve been had. Tricked. Robbed. And, laid to waste.

Once again, it use to be our money but now it gone. Never more to come back. All because we trusted smiling politicians with hidden agendas. Politicians who make more money from special interests than they make from being a hired congressman. In Mexico they call that bribery or being on the take. But in America, the bribe money comes from the business cartels. Evil men with evil intent. Disgusting people known as Lobbyists.

I just thought you might want to know where your money is.

Friday, May 25, 2012

But it looked good on my computer screen.

How could something you look at on your computer monitor be worth so much money. It’s just flat screen gibberish. At best just a small talk and gossip column with photos. Billboards brought to your PC. A few Pics and lots of ads.

But as it turned out, the recent Facebook IPO(initial public offering) was a fizzle. Not worth the projected value. Investing at it’s worse. Proving the market will determine the real value of something. In the meantime the Facebook founders run off with a boat load of money. Not as much as they hoped for but a boat load none the less.

So, those of you who invested in the free fall shares of Facebook have learned a market lesson. What’s the lesson? All that glitters is not gold. More form than substance. Hype trumps good judgment. Las Vegas bright lights will empty your pockets. Just a fleeting crapshoot which felt good at the moment. But the let down came fast. Goodbye hard earned cash. Hello reality.