before finance, people created real wealth though selling goods, like produce, or chairs, or toaster ovens.
of course, finance was created 'as a practical application of economics, to help best allocate money where money is most needed'. the stock market, for instance (or any market, bond market, etc). and the nature of money (if you have money, you are only willing to give it up to someone else if you are told you will get more money in return) allows the 'finance' industry to happen.
but that is a sugar coated lie that those stuffy old white guys in suits tell the commoners.
finance is their excuse to make money without knowing how to create real wealth (make and sell toaster ovens). finance is no real skill but only knowledge gleaned from knowing how to dupe other people into handing over their check books. all they need to know is to be one step ahead of everyone else (the public, other 'investors', etc).
finance, money is greed. the corporation known as the united states, wall street, investment banks--greed. and because reward always comes with risk, and risk always comes with reward, the driving force of greed is leading to the impending collapse of the united states financial system, maybe even the world economy.
sad how so many human lives are dedicated to something manmade, synthetic, the most material of all goods--the american dollar--and so many lives at risk of losing their wealth. why can't we all just smoke some pot, sit out on the porch, and have some good wholesome fun?
haha
andy
Thursday, June 26, 2008
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because man! we are MEN! we are AMERICA! we must flaunt and flex our superiority, demonstrate our indisputable strength.
and money is power. money is muscle. money is security. and as long as we're divided by borders and governments and treaties and races and ideas, we will need muscle. might as well hoard and manipulate and cheat to get it.
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