The stock market is a sucker’s game. Yes, you can make some money with some wise investing, but it’s the foolish sucker who thinks he can strike it rich, especially on an IPO. The insiders have it wired, and ordinary schlubs don’t have a chance.
Continually devaluing dollar forces the rubes into the stock market
Fellow Right Blogistanis who’ve known me for awhile know I am not a conspiracy theorist. But if I were, I would see a conspiracy to drive stupid money into the stock market so that the sharpies can fleece the rubes. We have Wall Street Banksters and international financiers running the Fed and the Treasury during both dem and repub administrations, and inflation climbs ever upward, sometimes quickly, usually slowly, but ever upward, eroding our savings and our buying power. You haven’t been able to make any money for years by simply putting it in the bank, with inflation overcoming meager interest rates. This drives ordinary people into the stock market, a rigged game they don’t understand.
Government helps cover up the scam by designing the inflation measurement so that those most important items to our well-being, like food and energy, are not included in the measure.
What cost you only a dollar in 1945 would today cost you anywhere from $12 to $67 depending on the measurement used to gauge the debasement of our currency.
Inflationary monetary policy literally steals money from our pockets, while eroding our autonomy and ability to financially support ourselves. Thanks to slow currency debasement and the diminished wealth and purchasing power it brings us, we are chickens to be plucked at the financial markets. As an added bonus to the big government types, thanks to our ever-shrinking dollar, most of us end up beholden to Big Daddy Government in our old age, many even sooner.
We are all Julias now.
