Theos-Talk Archives (July 2002 Message tt00063)

Well said. You probably know Tom Wolf's attempt at a
novel, THE BONFIRE OF THE VANITIES, was centered
around a Wall Street type who could not make ends meet
on a lousy $1,000,000 a year. The fact that the
fictional character bore an astonishing resemblance to
Ivan Boesky was pure coincidence I am sure.

You can think of the stock market as a big bucket if
you want to. The theory is, you can take all the
money out of the bucket at any time, but you can only
do that when it is your turn and you might not want to
jump too soon because when you do the game is over. 
So you and your fellow players take turns putting
money in. The pile of money rises higher and higher
but everybody gets greedy and is reluctant to end the
game. Then someone takes all the money when it is his
turn and the rest of the suckers are cleaned out. 
About the only difference is that whenever there is a
transaction in the stock market, as they say on Wall
Street the broker makes money, the firm makes money,
and two out of three ain't bad.

If W can put your tax money in there, I am headed for
New York. That scam is going to make 1929, 1987, and
2000, nit ti nebtion the Mississippi Bubble, the South
Sea Bubble, and the tulip mania look pathethic by
comparison. Just make sure you have a bank account in
the Cayman Islands, a passport, and a one way plane
ticket out of the country. If your timing is right
you will have some rich and very famous people on the
plane with you.

--- ramadoss@gbronline.com wrote:
> On the Sunday before the stockmaket fell in 1986,
> the famous Economist, J K 
> Galbraith was on a talk show. When asked about the
> what is going on in the 
> economy, he told an interesting story even though I
> do not think he had any 
> inkling of the impending stock market fall.
> 
> He stated that shuffling papers do not create wealth
> and then spoke of an 
> incident. He took a cab from JFK to Manhattan and he
> asked the cab driver 
> how his business was going. He said that he used to
> have a lot of business 
> from the stock brokers in the Wall Street and his
> business currently was 
> tough as the stock brokers are now driving the cabs!
> 
> mkr
> 
> At 12:23 PM 7/6/02 -0700, Steve Stubbs wrote:
> >I don't begrudge anyone making an infinite amount
> of
> >money so long as it is not removed from my wallet
> at
> >gunpoint. One thing most people do not know about
> the
> >stock market is that no money is created. It
> merely
> >changes hands. So if there are going to be
> >institutions making money (i.e., removing money
> from
> >the market to pay salaris, etc.) and a very few
> >individuals making money, there must necessarily be
> a
> >lot of ignorant people out there losing an equal
> and
> >opposite amount. If they put their money in of
> their
> >own free will and then watch it disappear, no
> >problem-o from here. If W has it taken from us
> >without our consent and then sends it to New York
> >where it is then made to disappear, then I do have
> a
> >problem with that.
> >
> >Of course, the solution to the problem is to move
> to
> >lower Manhattan and join the Wall Street gang.
> 
> 
> 
> 
> Your use of Yahoo! Groups is subject to
> http://docs.yahoo.com/info/terms/ 
> 
> 


__________________________________________________
Do You Yahoo!?
Sign up for SBC Yahoo! Dial - First Month Free
http://sbc.yahoo.com