The market at 13,000 was too good to be true
Who promised a 13,000-point stock market? From 1932 to 1982, the stock market rose only 1,000 points; however, from 1982 to 2002, the market rose 12,000 points.
This rise is from bankers and businesses cooking their books, from unscrupulous brokers who “pumped and dumped” stocks to create false wealth. If everyone had done their homework and not listened to a bunch of “snake oil” salesmen, they would have seen this bubble and put their hard-earned money in a safe place. Having a sheet of paper that shows some number is now accepted and demanded as net worth? Wrong. If you were foolish enough to invest with idiots, shame on you. It is not the taxpayer’s problem, nor is it a government problem.
It is your problem. Now, many are screaming for justice, for what? Being stupid.
John Brown
Liberty
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