Wednesday, July 02, 2008

Statistic for today

1% of the American citizenry owns the bulk of America's stocks and bonds.

For the other 99% of us... what, exactly, are we losing when the stock market goes down? Our "retirements"? Hah. Our retirements, other than Social Security, are already gone, looted by collapsed pension funds and venal 401(k) money managers. It was all a ponzi scheme to begin with, intended to make us (the majority) feel like we had a stake in the game so that we wouldn't interfere with the outrageous profits being made by the top 1% of the population. And now? Well. So the scheme is collapsing. Big effin' surprise, these things always do.

-- Badtux the "Welcome to the poorhouse, suckkas!" Penguin

Posted by BadTux at 7/02/2008 01:08:00 PM
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