The only difference between casino gambling and Wall Street is that in the casino, you know your fate far quicker.
If you win at craps or roulette, you at least enjoy it - beating the house. No such feeling on Wall Street because it comes in such slow increments.
It's clear to me what a ponzi scheme is, but what isn't clear is why people don't recognize the securities markets as such. One single dollar can only pay out so much in it's lifetime. But Wall Street wants us to believe that the one single dollar will yield an amount of profit. Trading promises that get bigger and bigger with every trade. It doesn't take a financial genius to figure out that sooner or later some sucker will be left holding the bag. I guess no one believes it will be them. Hence, greed supersedes common senses. But when Wall Street makes too many suckers, suffer too too much people will "pay". It's a classic cycle. I can't wait
It's clear to me what a ponzi scheme is, but what isn't clear is why people don't recognize the securities markets as such. One single dollar can only pay out so much in it's lifetime. But Wall Street wants us to believe that the one single dollar will yield an infinite amount of profit. Trading promises that get bigger and bigger with every transaction. It doesn't take a financial genius to figure out that sooner or later some sucker will be left holding the bag. I guess no one believes it will be them. Hence, greed supersedes common senses. But when Wall Street creates too many suckers, who are made to suffer way too much people will pay and heads will roll. It's a classic cycle. I can't wait for the real fireworks. God help us all when it happens.
Jojo, people want a magic bullet. They are willfully self-deceiving.
Commenting by HaloScan
