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Forum Post: Middle America can make a wave on Wall Street

Posted 13 years ago on Oct. 11, 2011, 3:30 p.m. EST by JAH (0)
This content is user submitted and not an official statement

I've been watching thinking like most what is the goal, how will they know when they reached it. I have a business degree and at one time bought into the Wall Street "Market", I stopped a few years ago. My father always said it was gambling and I thought he was crazy. He was right, for most of us it's gambling, for those on Wall Street, they are the house and have the odds. They make money on our investments whether they win or lose, sure the winners win more, but the losers still win while the individual investors they work for take a bath. Fees are skimmed no matter what. For years we were pushed to "privatize" retirements, move money from local banks to "Global" banks etc.

Stop investing in Wall Street, pay off your debt early. Paying down a mortage is easy to calculate your return. Buy land and other appreciable assets. Buy from the local small business that pays above minimum wage and pay a small premium rather than going to WalMart and supporting the Walton Family Billionaire club. Everyone can redirect a little of their money and make the local economy work. Global is Wall Street jargon for screwing Main Street

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2 Comments


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[-] 1 points by synonymous (161) from New York, NY 13 years ago

Say it loud JAH "Starve the Monster!!!!" We vote with our wallets
when we fold our money(save it) these companies will fold...

It will take all of us, each taking responsibility for their (our) own impact...

[-] 1 points by MadMavenNYC (26) 13 years ago

I agree totally. Wall Street is a corrupted system and can be taken down if we all take our 401K funds and shift them to secure money market funds instead of stock funds. That would get their attention.