Common Sense Commentary: Investing should never be a gamble ... but that is exactly what the stock and bond markets have become in our country today. They are rigged roulette wheels and loaded dice.
The honorable Prescient Due Diligence does not work here anymore. He is out of a job.
Well informed, experienced advice and due diligence have been very helpful in the past but the same advice and in depth analysis can no longer be depended upon because the markets are totally broken and that not by accident. Though it may have been unintentional, it was still criminal. Not only are many major corporations being run by dishonest executives who break all the rules to help themselves, but the entire system, including governmental regulating agencies are either fully corrupted or unbelievably negligent. I think, by now, all market specialists know it but many still successfully invest by shorting the market (betting against it) or by trading the volatile currency markets or by other, limited means. Only the poor, retail investors and blind leaders of the blind are still trying to play the markets by the wise old rules. There are no more sound investing rules which can win in a perverted degenerated, market system. The past principles, of smart stock and bond investing, which used trends, fundamentals, momentum and other due diligence methods and tools to make sound investments ... do not produce good results as they once did. The system is broken.
The internal rigging of the markets finally reached its maximum, counterbalanced stabilization point like a seesaw with a heavy weight of success, functionality and honesty on one end and an equal weight of dishonest, dysfunctional greed on the other end and when one more pound of greasy greed was added, the seesaw broke in the middle. This heavy preponderance of corruption broke the system and millions of savers and retirees lost their years of diligent work and savings. Who is responsible? Like every automobile collision, some one is at fault.
In this case, the first fault is due the majority voting public who elected the unethical politicians who promised the most free stuff and had the most pull with the bureaucrats, special interests, reactionary recipients and fellow crooks. They were so busy with dishing out free stuff, vacationing, gloating in their own glory, and getting re-elected that the bureaucratic, regulating agency, guard dogs were letting their foxy cousins guard the hen-house. Come sun-up the hen-house is full of feathers and the fat foxes are waddling around looking for cover while pointing their index toe at heavy work-loads and too few staff.
If the primary fault belongs to the majority voters, the remedy, if there is one, is also their moral responsibility. In the name of integrity and survival, vote the Liberals rascals out and old fashioned, honest, conservative Constitutionalists in. Even the best candidates cannot work miracles but if they do the right thing, the medicine will burn like... fire and the surgery will hurt like...heck. So don't vote the good guys out in four years before they can medicate the idiot infections in this country and undo what took years to do.
If you need a Socialism Failure and Wages of Sin "object lessons", look at Europe and the USA.
God help us to get back to Free Enterprise Business and Constitutional Government. But... that also means a return to God.
Pass it on. RB
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