Did U Think The Ponzi Scheme Would Last?

Why Wall Street Needs More Independent Thinkers

I am going to say this slowly so that you understand: the stock market is not a fountain of wealth. It is a Ponzi scheme based on greater fool theory. For every winner there is a loser and vice versa. There is no magical pool of value on wall st.

Where do you people think the money it "earns" for people who make money in it comes from anyway? Unless you are dividend investing (which few people are and which does not require much in the way of a money manager IMO), you are speculating. Speculating is another name for gambling. What is gambling? Using the laws of probability to do something. To do what, exactly?

Screw the other gamblers out of their money.

Honestly, is that so hard to understand? So when you say we need more independent thinkers what does that really mean? More "financial innovation" like MBS and CDS? Really, think about it, what you are asking for, basically, is just a more sneaky operator for the 3 card monty tables. What qualities do you think a "better" money manager should have anyway?

Are you starting to get it yet?? Here are the generally accepted purposes of money:
- Measure of value
- Means of exchange
- Store of wealth (storing excess value produced from work today for later)

Notice that no place on that list does it say "generation of additional value". You know why? Because money does not make value. Money is just paper and numbers in a computer. PEOPLE, through the effort of their intelligent labor make value. The only way that wall st con artists "make" any money is by fooling some other money manager into selling when he should be buying or buying when he should be selling. But no matter what, for every winning speculator there is a losing one.

So again, what would this new money manager of yours do differently? There are only so many ways a con can be played and wall st has played them all. That is why you see big pieces of wall st shutting down now. They know that there are no more greater fools to be had for a Looooooong time now that the boomers have been fleeced. Hedge funds are closing down even if they haven't lost out big time yet. Wall st investment banks are turning into commercial banks. The grift is coming to a close for this session. The con is ending. The mark has been fleeced.

Are you starting to get it yet or do you really think that wall st is something more than a gov't backed con game? Time to start using your heads people. If you cannot answer my original question which was "Where do you people think the money it "earns" for people who make money in [the stock market] comes from anyway?" then you are still a sucker, a mark. WAKE UP CRAMERICA, IT'S A SCAM!