Of markets, god, and scams

The stock market is a scam, a scheme developed by the corporatists element of the State to entice you to return what’s left of your disposable income to them in return for speculative and unpredictable capital gains that, if actualized, will be readily taxed by the State.

Rather than encourage you to turn inward to develop your economic value, they would have you place your “faith”; pursue economic “salvation” in an external entity called “the market.”

The market, to some, is “god” and your investments are its tithes and offerings received. It opens for services every day, Monday through Friday at 9:30 with mass ending at 4:00.

About Alton Drew

Alton Drew brings a straight forward and insightful brand of political market intelligence. Alton Drew graduated from the Florida State University with a Bachelor of Science in economics and political science (1984); a Master of Public Administration (1993); and a Juris Doctor (1999). You can also follow Alton Drew on Twitter @altondrew.
This entry was posted in capital, Financial Regulation, liberty, Political Economy, society, voluntaryst, Wall Street and tagged , , , . Bookmark the permalink.

One Response to Of markets, god, and scams

  1. kenski2013 says:

    From my point of view, the stock market is the world’s largest gambling casino. When you consider that, unlike a bank account, where at least a little of the money deposited is kept at the bank, redemption of stocks depends on having a buyer for them at the time one wishes to redeem them. The value of stocks is based on a self-fulfilling prophecy as to how the economy and businesses are doing, there is no direct tie to “actual” values of the companies issuing stock, whatever “actual value” might be. The question is, which self-fulfilling prophecy is the one believed by most of those who buy/sell/own stocks at any moment in time.

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