Saturday, November 15, 2008

You thought I'd gone

Well I had. This is the rebirth.

Too much happening to waste upon tittle-tattle.

The world's in a state of economic collapse. I told them all it would happen, ages ago, but they didn't listen.

Growth and greed will not work. An economic system that relies upon borrowing money to make money helps no-one but bankers. We've seen how they became greedier, and overstretched themselves.

A farmer plants seeds, and gets huge rewards, but only if he a) has seed in the first place b) makes sure the plants can grow properly c) harvests at the right time d) saves seed for the next year.

Growth is a slow process. We've created a world where second-tier financiers make no real contribution but reap all the profits. It's a nonsense.

A company issues shares: each valued at $1. It gets a $1 when the shares are sold.

From that moment speculators move in. The shares fluctuate, up and down. Either way the financial gamblers can win. The company gains nothing more.

The con trick is that a company with high share value will attract more investors, and have the ability to borrow more money.

It's immoral.

Monday, March 10, 2008