If someone told you oil had its sixth largest point drop in over 20 years today, you wouldn't expect the chart to look like the one below, but after gains of $5.5 and $10.75 last Thursday and Friday, you have to squint to see today's loss of over four dollars.
The richest one percent of this country owns half our country's wealth, five trillion dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, stock and real estate speculation. It's bullshit. You got ninety percent of the American public out there with little or no net worth. I create nothing. I own.
Tuesday, June 10, 2008
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It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.
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