Recevez notre Marketbriefing
In the same category
chrisgoodwin
Member since June 2012
8 commentaries -
0 followers
has posted a comment on the article :
>Once In A Century Opportunity  - Aubie Baltin - 
You end one section praising "FREE MARKET C A P I T A L I S M" Oh deary me, this will not do. I am sure we would agree about most things economical, but (1) I am not a capitalist, (2) I doubt you are a capitalist, (3) I challenge you to name a single capitalist in all history. I once found one, in the later years of the life of Howard Hughes, but iot turns out I was wrong: he was already dead, but his minders, lawyers, accountants, and other (grossly overpaid) beneficiaries of his largesse kept his corpse in a deep freeze, and denied that he was dead. Requests for interviews were declined, all correspondence was answered by his attourneys, and when the Feds finally surrounded him in his Las Vegas penthouse, and stormed in with armed force, demanding to see Howard Hughes, they were told by his imperturbable butler that they couldn't. "Yes we can, where is he right now?" "I think you will find he is in that helicopter, that has just left from the roof top helipad," - which then flew directly to Mexico, to a remote ranch. When, years later, "he" was reported to have "died" (I think we can safely assume that at this point in time he actually was dead) - the body, according to Mexican law, was cremated within the following 24 hours: possibly well within. I know not if a rapid post mortem examination by US government forensic surgeons would have been able to determine with any degree of certainty the time of death - just to the nearest year - but such an examination was not carried out - the red tape would have taken too long, and the Washington wonks probably only read about his sad demise 24 hours or more later, in the public prints. Of course, the attourneys would have informed the proper authorities in due course - even promptly - but such things are always governed by considerations of reasonableness - so if he popped his clogs, say, on Thursday night (these things can be arranged) then he might be medically examined Friday morning, 2nd opinion by noon, away to the fiery furnace by, say three o'clock in the afternoon, the lawyer could write an appropriate letter, say , Friday evening, in the post to Mexico city by Saturday a.m., on a flight to Washington by Saturday noon, distributed to some US government office Saturday night or Sunday morning, opened and read by the appropriate wonk Monday a.m. - by which time the ashes would be scattered on the place his last will and testament had prescribed. Exit world's first/last/only "Capitalist". "He" always and only did things to increase "his" capital worth - or at least such aspects of it as generated profits and fees to his "associates" - front run the Mr Big - easy, when you are him, because you have him in a box.

A capitalist is a Marxian straw man - a bugaboo figure to frighten small children. Do not attempt to clean him up. All that we need are FREE MARKETS - they need both capital and various kinds of wisdom, insight, courage, technical ability, and many other tangible and intangible resources -not all of which can be had for cash/Capital.

Sincerely. PS I like your work.


Commented
3697 days ago
-
Send
Beginning of the headline :“The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every difficulty.”   --- Winston Churchill We find ourselves in the situation where a stock market crash worse than 1929 (in which the Dow declined 89%) is becoming ever more possible.  Pension funds, endowments and personal retirement accounts are all at serious risk of almost total loss.  So called “diversification” will basically offer no protection from both a Stock Market and Bond Market collapse. ... Read More
Reply to this comment
You must be logged in to comment an article8000 characters max.
Log in or Sign up
Top articles