And it goes on. Accelerating, every day. http://seattletimes.nwsource.com/html/nationworld/2002112639_diss08.html
Oh... I just realized something chilling.
The UNDERLYING reasons for putting social security into the stock market has not yet come out. And it's the nastiest thing yet.
The true reason is simple. The very smartest of the insatiable aristos (as opposed to satiable aristocrats who are loyal to a diamond shaped social order) can see the writing on the wall re: energy and other blue chip industries. They know that certain stocks that are now high-priced will be worthless within a decade. Other businesses that WILL be valuable need a lot of capital investment that they would like to provide, making them owners of the next IBM/ARCO.
In the stock market there is a saying that you needn't make money by finding a good company; all you really need is to find a "bigger fool" to unload your bad stocks onto. The accounting scandals at brokerage houses, a few years ago, showed this precise syndrome in action. So did the S&L scandal under W's dad. It is really rather routine. Completely standard for each decade's insatiable to pull this trick.
But these prior scandals pale in comparison to the con artist racket of getting fifty million boomers to put their Social Security into stocks at JUST the moment when the aristocracy is looking to unload a bunch of dogs, amounting to several hundred billion dollars of bad investments.
With that several billions, they can position themselves well in the real winner industries of the 21st Century.
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