I can go with this hypothesis. It would be a mess to just `crash' the system. This makes a good deal of sense. This and your last article are cleverly thought out.
Small quibble to start; holding companies are a bit different entities than asset managers like Blackrock and brokerages which have no fiduciary duty and merely fascilitate the trades. High fee brokerages like Raymond James will not be needed to place buy and sell orders when people can use an online trading app like TD Ameritrade or Etrade, etc. and essentially, be their own brokers. There will always be a need for investment advice as the average person won't take the time to do all the research and may not be smart enough to understand fundamental financial information given be company statements. They just want to place their money with an asset manager to make all the desisions and trades.
What needs to happen is these huge asset mangers/hedge funds must lose their ability to manipulate markets and share prices. They should not be allowed to short sell, for starters. No entity with more than a few $mil should be allowed to short. This will cause these crooks to find something else to do.
I agree. One of the many things I left out of the article is that I think the notion of making money off of investments is going to fall out of favor. It doesn't do anything productive and it just sucks wealth (work product) away from the poor and into the hands of the rich. It is kinda like banking and insurance -- there is no work product, so why should there be a profit?
People who are used to what we've all been taught find it very difficult to get their head around this, but I find "investment" as a way to make money quite a repulsive construct, full stop. I think it is generally going to go away.
I hope I totally piss off all people who are depending on the stock market. I wish them good luck and I'll do everything I can to erase that whole idea. It is useless.
Likewise. If shorting by big money was stopped, share prices would move very slowly, up or down and the incentive for trying to get rich quick goes away when the volatility is curbed. Companies should be rewarded for their productivity and innovation with investment but the returns expected should be just a bit more than interest on savings. Unless we want to get rid of usury altogether. Then making a few percent with speculative investments would just counter balance the risk. There is a fair amount of work involved in researching companies but it produces nothing but knowledge. Banking and insurance are Babylonian scams.
Agree. I don't even think interest on savings will survive. The whole concept is just a lure so depositors will put money into savings accounts in banks. Once that's gone, I think it'll all collapse.
I think investors should have skin in the game and be rewarded with profit, not stock value.
I just recently found you via Joe Rambo and I am really enjoying your articles. I think you have some very interesting theories which make a lot of sense to me. Thank you!
I can go with this hypothesis. It would be a mess to just `crash' the system. This makes a good deal of sense. This and your last article are cleverly thought out.
Thank you, fyne Sir!
. I beat jfanon... again
Small quibble to start; holding companies are a bit different entities than asset managers like Blackrock and brokerages which have no fiduciary duty and merely fascilitate the trades. High fee brokerages like Raymond James will not be needed to place buy and sell orders when people can use an online trading app like TD Ameritrade or Etrade, etc. and essentially, be their own brokers. There will always be a need for investment advice as the average person won't take the time to do all the research and may not be smart enough to understand fundamental financial information given be company statements. They just want to place their money with an asset manager to make all the desisions and trades.
What needs to happen is these huge asset mangers/hedge funds must lose their ability to manipulate markets and share prices. They should not be allowed to short sell, for starters. No entity with more than a few $mil should be allowed to short. This will cause these crooks to find something else to do.
I agree. One of the many things I left out of the article is that I think the notion of making money off of investments is going to fall out of favor. It doesn't do anything productive and it just sucks wealth (work product) away from the poor and into the hands of the rich. It is kinda like banking and insurance -- there is no work product, so why should there be a profit?
People who are used to what we've all been taught find it very difficult to get their head around this, but I find "investment" as a way to make money quite a repulsive construct, full stop. I think it is generally going to go away.
I hope I totally piss off all people who are depending on the stock market. I wish them good luck and I'll do everything I can to erase that whole idea. It is useless.
Likewise. If shorting by big money was stopped, share prices would move very slowly, up or down and the incentive for trying to get rich quick goes away when the volatility is curbed. Companies should be rewarded for their productivity and innovation with investment but the returns expected should be just a bit more than interest on savings. Unless we want to get rid of usury altogether. Then making a few percent with speculative investments would just counter balance the risk. There is a fair amount of work involved in researching companies but it produces nothing but knowledge. Banking and insurance are Babylonian scams.
Agree. I don't even think interest on savings will survive. The whole concept is just a lure so depositors will put money into savings accounts in banks. Once that's gone, I think it'll all collapse.
I think investors should have skin in the game and be rewarded with profit, not stock value.
I just recently found you via Joe Rambo and I am really enjoying your articles. I think you have some very interesting theories which make a lot of sense to me. Thank you!
Thank you for your kind words. I appreciate it!
I beat JF Anon too! 😂
Great article Paul. Interesting! Thanks for sharing it
You're welcome! I'm really glad you liked it.
Phenomenal! Thanks Paul.
Thank you, Denise!