the stock market is a scam.

submitted by SubliminalCriminal from (self.finance)

it is like a tangled up ponzi scheme. it will eventually blow up. it will implode upon itself. stock certificates are worthless paper.

i just looked and facebook has 2.4 billion shares out on the street, valued at 257.00 per share, for a total of 616 billion dollars of outstanding shares.

ok, let me give this to you one spoonful at a time, cuz i know you are retarded..

facebook sold to you idiots 2.4 billion i.o.u.'s(stock shares) for $257.00 each and you aint never gonna get yo money back bitches.

you got fucked outta $616,000,000,000.00 and zuckerberg says that you can trade those stock certificates with your friends cuz they are worth a lot of money, lol..

bullshit, i say, you is gonna get a few dividends and your heart rate will go up and your pulse will go down as the imagined value of these stock certificates fluctuates.

but the cold hard truth is that zuckerberg has your $616 billion dollars in his hands, and he could not give a fuck less about you now.. he doesnt care if the price of that stock goes down to zero.

now, here is the kicker about you owning those stock certificates... the stock market trading is also a crooked game.. if the majority are buying facebook shares, the stock market lowers the price, basically stealing your money.. a few people make a little money when the stock price moves, but a LOT of people lose a LOT of money..

you are totally getting ass raped by the stock market.

zuckerberg and google and twitter scammed you all.

you best dump that stock.

i have an even better deal for you, and it is a tripe AAA rated bonds deal.. i am going to rape you physically and you will give me $100.00 and i will give to you a worthless I.O.U. and every once in a while i will toss you a few pennies as a dividend.

there is no guarantee that i will ever buy back those I.O.U.'s..

why would you make such a deal? knowing that the money might never be repaid?

sharktank would laugh you off the stage, but somehow zuckerberg duped you into this deal and now he is $616 billion dollars liquid rich and you aint getting it back..

go ahead, ask zuckerberg... mr zuckerberg? when will you be buying back these $616 billion worth of I.O.U.'s(stock certificates)?

he wont answer you, cuz you got fucked over royally.

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[–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (3 children)

Of course it's a scam. Knowing it's a scam is the first step to profiting from it.

[–]SubliminalCriminal[S] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (2 children)

This demonstrates the selfishness of the human animal..

You only care about your immediate small profits and you are blind and careless about the possibility of the system collapsing as long as you get your nut for now.

Sometimes I think that hyenas and komodo dragons have a stronger sense of morals and ethics than do these blood thirsty humans..

[–][deleted] 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (1 child)

No, I am a worthy individual and as such, if I can make money off the stock market and even beat big dollar portfolio managers, I will do so.

Then I will spend this money in the most meticulously ethical fashion.

You have your priorities misplaced: Money is power. Being powerless is not more noble than being powerful. Being powerful AND ethical is noble, while being purposely powerless is simple stupidity.

[–]SubliminalCriminal[S] 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

no, money is not power.. money is a shell game that the rich play with the poor.. nothing more and nothing less.

i am explaining to you that the stock market is a huge fraud ponzi scheme, and you are saying that you will enjoy making a few bucks before the bomb blows up.

(video) The 1929 Wall Street Stock Market Crash

https://www.youtube.com/watch?v=RJpLMvgUXe8

when it crashes, the facebooks already have your cash because they sold you stocks and when the value of your stocks reach such a low level that NOBODY wants to buy your stocks... you will be bankrupted.. the nation will be bankrupted.. but the facebooks and twitters and googles already have your cash.. they just ran the world's most successful ponzi scheme and they will not see a day in prison, but instead they will drive ferraris and they will rule the world like kings and queens.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

I don't care as long as it makes me money.

[–]Druullus 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

Only a fraction of 2.4 billion i.o.u.'s(stock shares) have been bought for $257.00.

Why wouldn't one make a profit if one bought Facebook at $150 and sold at $250? https://finance.yahoo.com/quote/FB/chart?p=FB

[–]SubliminalCriminal[S] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (1 child)

the problem with ponzi schemes isnt about the people that are able to cash out for a few bucks in the beginning...

the problem with ponzi scams is the people in the end that get left holding a bag of hot air.

zuckerberg already has everybody's cash, and when the market crashes, do you think he is going to give you anything back?

dream on.

[–]Airbus320 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

I don't want hot air, what should I do? Buy Intel from Israel or Amd from China?

[–]Lal 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

By this logic money is a complete scam as well. You trade your labor for some digital numbers. You're not getting paid in gold. Things like money and stocks have value because people agree that they do. Money can start crashing over night as well if hyper inflation is triggered.

[–]SubliminalCriminal[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

By this logic money is a complete scam as well.

so you are beginning to wake up, i see..

but here is the kicker... no matter how much you come to understand that money is a scam, you will end our conversation by returning to count your money and the scam continues.

the elite rich know that what i am saying is true.

[–]ImHereForFinance 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (3 children)

I dont own facebook. Of the tech stocks it is the most attractively priced. If a ceo does not deliver he will be replaced.

[–]SubliminalCriminal[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

be so careful.. stock market corrections and crashes happen with little or no warning. it is almost impossible to detect a black swan event in the markets.

my point that i am making is that zuckerberg already has your cash, and it is actually a good thing for him if his share drop to fifty cents per share... he will just buy them back... he will have third parties buy all of the shares back for him quietly... and then he doesnt need to pay any dividends.

small minds think small.

i can smell crime from across the street.

the stock market is a scam.

.....on another topic....

you should look at the "pay us to play a demo account" trading scam... check it out..

this scam is about how several companies allow gullible forex traders to pay a fee to prove themselves to these so-called prop trading companies, and if the trader is able to successfully trade his demo(play money) account, then he will be awarded a live real money account.

the catch is this... they make rules that you must follow to make it thru your "challenge phase"... these rules make it literally impossible for you to trade your demo account profitably, and so you end up paying a fee for nothing..

https://ftmo.com

you wouldnt believe how many otherwise intelligent traders gobble up this scam bullshit and get nothing in return.

[–]ImHereForFinance 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

I made over 47% return since march. The sp500 went up 80% so I actually under-performed. It would have to fall considerably to negatively impact me. Im optimistic. As long as glorious leader is in charge they will continue to print funny money and inflate the price of the elites assets as well as refinance them.

[–]SubliminalCriminal[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

if i told you that you can make money playing russian roulette, would you like to play?

probably not, huh? cuz you know that you are going to lose eventually..

with russian roulette, you put one bullet into a six shooter revolver and you spin the cylinder and then point the gun at your head and pull the trigger..

you have a one out of six chance of dying, five chances out of six to win..

with the stock market you have a much longer life expectancy, but the outcome is the exact same as with russian roulette.

in the end, you will die financially with the stock market, when the market crashes, and every company that sold you stock wins because they already have your cash.

facebook is laughing their asses off at you, cuz they have at least a hundred billion of your cash in their hands and all they have to do is to run a website and what did you get in return? a worthless digital stock certificate.

excuse me, it isnt worthless just yet, but it will be worthless, just wait and see.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (18 children)

Honestly, we should nationalize the stock market, along with the banks and other financial institutions. Usury destroys a Nation.

[–]ImHereForFinance 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (5 children)

We should make a stock market backed cryptocurrency allowing us to trade shares of the sp500 as cash. by turning the stock market into a component of currency it may be nationalized.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (4 children)

The whole point of cryptocurrency is to commit crimes without the government or a central bank being able to stop you.

[–]ImHereForFinance 5 insightful - 1 fun5 insightful - 0 fun6 insightful - 1 fun -  (2 children)

I would say the purpose of a currency is to be a stable source of value and a means of exchange. Further most criminal transactions occur in cash.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Further most criminal transactions occur in cash

This is true in my experience, I have never purchased anything illegal with crypto. Although one advantage it would have is that if I were arrested for anything and I had more than a hundred bucks in cash, the cops just seize it civil forfeiture style. Cops love legally stealing cash.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

the purpose of a currency is to be a stable source of value

The last time I checked, rapid deflation isn't exactly the definition of stability.

most criminal transactions occur in cash.

Most transactions in cash are legal, meanwhile most transactions in cryptocurrency are criminal — or at the very least immoral. It's like saying New York has a worse crime problem than New Mexico just because it has a larger population, even though NM's crime rate is much higher.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (11 children)

Without new constitutional amendments and rewriting a number of laws, such nationalization can be dangerous.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (10 children)

Yes, but we could separate them from the government by giving each citizen one voting share — that way, corruption in Congress and the Presidency wouldn't effect it as much, and the profit would all be distributed as a dividend, rather then being funneled into government programs. Also, this would be done largely at the state-level, with the federal bank only having limited powers, such as printing money.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (9 children)

Citizens may have votes, but the state can destroy this business, and it tends to be more organized than the citizens. Still seems better than the current situation. You want to distribute the profit, but what about the debt?

The Roman Republic used to have two consuls.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (8 children)

the state can destroy this business

Just vote for people who won't. We can't solve anything without voting the Democratic-Republican establishment out of office, and keeping them out.

You want to distribute the profit, but what about the debt?

This doesn't really relate to the public financial companies, but here's my idea:

  1. Pass a balanced budget amendment like every state except Vermont

  2. Cancel debt owed to Communist China and other hostile countries

  3. Lower interest rates on the debt

  4. Severely cut federal spending, and relegate it to its constitutional powers

  5. Raise tariffs and taxes on the wealthy

The Roman Republic used to have two consuls.

I'm not entirely sure why you mentioned this.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (7 children)

We can't solve anything without voting the Democratic-Republican establishment out of office, and keeping them out.

You want one super party, like in Europe? There Is No War in Ba Sing Se, there are no political prisoners in Europe.

here's my idea

When increasing debt gets you elected, and reducing debt makes you unelectable, why would anyone bother balancing it?

Raise tariffs and taxes on the wealthy

To give the majority an ability to continuously increase the tax for the wealthy is an interesting idea. It may allow one to experience a communist life without a communist government.

I'm not entirely sure why you mentioned this.

Several top leaders with no power over each other is an interesting idea. Such situation should make both of them more competent than the current leadership. The downside is that they would be able to enact more changes.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (6 children)

You want one super party, like in Europe?

This makes zero sense, especially in relation to what I said. I want to get rid of the two-party dictatorship, not make a new one.

When increasing debt gets you elected, and reducing debt makes you unelectable, why would anyone bother balancing it?

There's no proof either of those are actually true. Republicans whine about the deficit, but they never do anything about it.

To give the majority an ability to continuously increase the tax for the wealthy is an interesting idea.

It's called voting.

It may allow one to experience a communist life without a communist government.

Are you one of those people who think anything a step to the left of Ancapistan is Communism?

Several top leaders with no power over each other is an interesting idea. Such situation should make both of them more competent than the current leadership. The downside is that they would be able to enact more changes.

Just to immediately have those changes overruled by the other guy.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (5 children)

I want to get rid of the two-party dictatorship, not make a new one.

People want perfect leaders. Honest people can't be perfect. So, people will only vote for liars. Voting for liars often leads to disastrous results. Unless they have a system designed to hide their crimes. A party, no matter whether it's official or not. Electing a liar from a party will give voters more satisfaction than a regular liar, and they refuse to vote for honest people, so.

Republicans whine about the deficit, but they never do anything about it.

But doing less makes them elected, why abandon a strategy that works?

It's called voting.

When the minority, if they want to survive, must either hide or take over the government? Such a nice system.

Are you one of those people who think anything a step to the left of Ancapistan is Communism?

True Ancapistan lives in our hearts. It can't be found anywhere in the world. But when it's found, no tyrant can take it away.

Just to immediately have those changes overruled by the other guy.

You can give them control over different parts of the society. Even if not, a paper with 2 compromises sounds better than a paper with 1000s compromises.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (4 children)

People want perfect leaders.

Not really. People just want honest leaders.

But doing less makes them elected, why abandon a strategy that works?

Most Republican voters don't even like the Republican Party. I think somewhere around sixty percent want to go third party, but they can't because the way the system is designed.

When the minority, if they want to survive, must either hide or take over the government?

Huh?

True Ancapistan lives in our hearts. It can't be found anywhere in the world. But when it's found, no tyrant can take it away.

lol

You can give them control over different parts of the society.

That would just be another branch of government, which is my plan: take some power away from the executive branch and form an examination branch.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (3 children)

People just want honest leaders.

lol

I think somewhere around sixty percent want to go third party, but they can't because the way the system is designed.

If they abandon the 40% to create a new party, they will never win again. They would have to suffer under the ever growing totalitarianism forever, voiceless. With 3 parties, what prevents two of them from forging an alliance to permanently destroy the least likable party? It's either two-party or uniparty.

just be another branch of government

Your current branches have to work together for every decision, can't do anything separately. In a system with two independent leaders, they would be able to fully control their own sphere. This would allow for more specialization, thus more professionalism. It will make their domains smaller, thus easier to understand. Such system has both upsides and downsides.

an examination branch

The supreme court. But they don't control the army. Don't control the intelligence agencies. Сan't afford true impartiality.

[–]EsterVacero 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

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