Is there any other kind? As an example, suppose you are Sam Waksal, a doctor, who thinks he has developed a cancer fighting drug that really works. Naturally, you must have government approval, and we all know how truthful and unbiased the government is, don’t we? Well, the government says, “no dice” to poor Sam, and he’s already in debt for $75 million. What would you do? Sell the damned stock and try to pay some of your bills, that’s what! Might as well tell your friends too, so they don’t get creamed, right? Martha bought some, thanks to Merrill Lynch advice, they say, and her broker gets in on the news that the honest and straightforward government has turned Sam’s formula thumbs down, so he tells his clients to sell before the news leaks out. Guess who loses? The poor schmucks who weren’t in on the news, lose their shirts. If you watched the weather channel and saw whirling winds off the coast of Spain and you boarded up your windows to preserve your home and its contents, and added to your insurance, is that “insider” something or other? No one had announced a hurricane, and the government prognosticators hadn’t predicted. You just had a hunch. Everyone else was blown away, and you survived. Sam’s formula may indeed work. I take vitamins, save in gold and silver. The government’s figures say I am wasting my money, but I don’t believe it for a minute. Government says the dollar is strong and we have no inflation. Bull. Lots of medical things work, when the government says they are phony. Sam’s formula may have a future. The stock buyers who believed in Sam or their stock broker advisors thought they were being smart. They probably bought on INSIDER TRADING, because they has an INSIDE SCOOP that Sam was on to something, and the IPO could be bought for a buck a share, or something like that. That kind of INSIDER BUYING isn’t illegal. In order to make any money on the stock market, it is almost imperative for so-called “insider trading,” or “insider scoops” to exist. It’s no more possible to stop people from talking (insider trading) than it is to stop the force of gravity.
All the letter writers, who sell their charts and analysis for big bucks, think themselves to be “insiders,” and they capitalize on it. They think they know when a hurricane is coming in the stock market. What this all means, is that the stock market is so full of frauds and “insiders,” that it is as much of a sham as maybe Sam’s formula is, or a million other shams such as soapbox shouters, or TV preachers who promise you God’s blessings if you cough up some bucks for them to pray for you. The whole world is full of frauds, posing as righteous scientists, government officials, stock brokers, clergy, IRS auditors, and Gypsies who paint your house with kerosene watered paint that washes off with the next rain. Fraud is everywhere, and hence, the term “buyer beware.” If government were honest, I wouldn’t be in business, as gold and silver would be in everyone’s pocket and in daily use, rather than the fraud of all frauds, and that is unbacked paper money. Why doesn’t the Congress investigate, and take testimony from Sir Allen Greenspan (can you believe he was knighted?) or the Treasury Secretary, or someone else in on the huge sham called the dollar? So we come down on Martha, who was taking advice from her broker, or maybe even Sam. Who knows? The media, as usual, are looking for a scam or a headline, and the “news” is as fraudulent as any other thing going. A pox on all of them. Sam is no more guilty than is any other entrepreneur who has an idea or invention that requires government “approval” before it can be marketed. How do we know the government’s opinion is correct? Who says government “scientists” are correct? If a scientist, or anyone for that matter, had any ability, would they work for government? Why not let the market decide? Why do we need government’s approval? Look what government schools turn out! Government’s the whole problem, not Sam. Let Sam put his formula on the market, and people either buy it or don’t buy it, and let them decide. If it works, fine, and if it doesn’t, it’s been money wasted. If it kills you, it was your decision. I know vitamins C, E, and others work fine, even though government goons say I am wasting money. I began taking 25MG a day of dirt cheap, anti-aging, DHEA, 10 years ago, and I swear I haven’t aged since. Government says it’s a fake, but I can pass for 55 any day, and twice on Sunday, and I am 68. Who’s correct? Let the MARKET decide.
Colorado is glorious, and I wouldn’t live anywhere else. I can see three – 14,000 foot peaks from my solarium, where I work. “If God doesn’t live in Colorado, I am sure he spends a lot of time here…” are part of the words to one of my favorite songs. Want a great CD that has this, plus a bunch of wonderful cowboy songs in it? Send $15 to “Z Bar Chuckwagon” at Box 2089, Montrose, Co 81402. The CD is $15, but they’ll skip the $3 cost to ship for my readers. Nice people, and I go there lots of times every summer. Have a great weekend!