Newsmax, what a joke!

Financial gamification mixed with ideological opportunism will continue to beset the current market with all sorts of schemes and scams. This type of sh!t is just ridiculous but unfortunately illustrate the unethical fabric of our financial system.

I have always insisted that the stock market is mostly a wealth extraction mechanism by securities pushers and sellers. Whatever value people seek in it is fairly insignificant. Very few people get rich trading or buying stocks. Even Charlie Munger, who unlike Buffett wasn’t afraid to speak his mind at time, made that clear. The only people who really get rich in the stock market are those who promote and sell stocks to the suckers! You and I.

The financial market is a crime scene. And it can be illustrated into two distinct scenarios.

In one scene, some uneducated clowns takeover abandoned buildings or rundown shacks in a poor neighborhoods to operate an illicit pharmaceutical commerce. These fools almost always get caught and sentenced to long prison terms with the greater approbation of a self righteous court system. As a matter of fact, their beds have already been prepared ( pre-ordered even) in overcrowded privately run prison also listed on some exchanges! Just whoa!!!

In the other scene, it is well educated well dressed bankers and lawyers manufacturing valueless securities in their investments banks head offices and dumping them on the “ economy” at trillions of $$$ valuation to be exchanged against thrusting citizens savings! These institutions and individuals are hailed as “ respectable“ members of society, well regarded by their communities and the pride of their families.

But are they?

The question here is simple: Who does the most damage to civilization?

Street pharmacists vs Wall Street stocks peddlers?

One thing to consider also; compared to the amount of drugs sold by big pharma, the street pharmacists are mere ants competing against legally protected lions!

Where do we stand as a civilization when selling a little bit of “ unregulated “ drugs may lands you in prison for a looooong time while on the other hand, promoting valueless securities and pumping up an artificially easy money debt induced stock bubble can mint you into a billionaire plastered in money magazines and dubbed a success!

Newsmax is one of the latest alliteration of a 50 years old perverse system that has rewarded deceit, pretense, and bad faith.

At least with the street pharmaceuticals, the buyers know exactly what they are getting themselves into and the risks involved with the products. Wall Street, hiding under its veil of respectability, has destroyed more wealth than any genocide or conquest in human history via the power of creating fraudulent financial promises.

I only hope none of you bought into the Newsmax hype!