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Web Letters | The Nation

Fail and Grow Rich on Wall Street

House of cards

A good article! The financial markets, in the US, Europe, and the Far East, supported by the IMF, WTO, and the EU, are tanking Western economies. The only economy they do not control is China, which is about to eat Europe alive, by buying up public and private assets that austerity budgets are forcing governments to sell. I, fairly recently, started watching the business reports on CNNI and on the BBC. The mantra on Wall Street is to buy on rumor and sell on news. It is all about speculation, along with mergers and acquisitions. These people are idiots, who are looking for a quick buck. The financial markets are basically a shell game, which satisfies the economic elites' gambling addiction. When Main Street loses the ability to support the real economy, everything will come crashing down. The financial markets will lose their rear end.

Pervis James Casey

Riverside, CA

Nov 24 2010 - 5:51pm