[GJM] TRICKS OF THE TRADERS

[Steve Consilvio]

While some cheat and steal, everybody is working on the same basic  
premise: Buy Low-Sell High.

Theft is just a more efficient.  And thieves attempt to steal from  
thieves, too, which is what the story reveals.  By being first in,  
the trader can resell to other traders and make 100K in a few hours,  
simply by anticipating the frenzy.

The "little people" who invested are out-smarted by brokers who  
understand how to play better, but they are victimized by their  
belief more than by the broker.  And, the Board of Directors of a  
company outsmarts everybody, since selling stocks is even more  
profitable then selling products.  (I would assume that commodities  
work similarly.)

Laws alone can't fix this problem, since it was laws that created the  
problem.  People need to think differently about how they handle  
money and how the economy functions.  Laws will then change as a  
result of new thinking.

We need a global divestiture movement, because while the profit on  
goods creates huge problems, attempting to make a profit on money is  
even worse.  Stock brokers/traders are only taking advantage of  
people's stupidity, which we were all indoctrinated to believe. (2 
+2=5  buy low, sell high)  The trader who "flipped" is just coming to  
realize that the whole system is a ponzi scheme based on a  
mathematical farce.

There is nothing in his narrative which indicates he fully  
understands what is going on, however.  Like the guy who wrote  
"confessions of an economic hitman," his experience is worth knowing,  
but his analysis is weak.  He is just coming to realize the sorrow  
the love of money inflicts upon oneself.  It is a personal tale, not  
an analytical one.

steve
www.behappyandfree.com


On SundayMay 11, 2008, at 8:33 AM, discussion- 
request at globaljusticemovement.net wrote:

>>> TRICKS OF THE TRADERS

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