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Project Money Suck
If you think the financial industry is on your side, think again. It should be pretty clear by now that the whole financial services sector is designed to transfer wealth from the working class into the pockets of the financial elite. Much like Vegas, the investing game is rigged in favor of those who run the system. In order to have a winner, there must be a loser. Congratulations, that’s you and me.
The whole Jon Stewart/Jim Cramer thing shows a piece of this apparatus. In a pump and dump scheme, early buyers get in low, move the market higher and then need idiots to buy what they are selling. Or in a dump, insiders need the public to sell what they have at really low prices so they can cover their short positions. The financial media plays an important role in this game by herding people into unwise financial behavior on the way up and on the way down. Whether in the pump or dump phase of this game, people are manipulated into the losing side of the trade.
This is the game. Now you know how it is played and you can begin to be more discerning about how you invest your hard earned savings.
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