Wanna buy some gold?
May 12, 2010 (Wednesday)
Is there such a thing as being “too smart?” Are there people and organizations in today’s world who are knowledgeable about the inner workings of the financial world who know exactly how to make money for themselves no matter what their methods may do to the “common people like you and me?” In a word, “Yes.”
Today’s gold price on the market is $1,230. It may be more than that by day’s end. Investors buy gold when the financial markets become unstable. The old “supply and demand” principle kicks in and the price of the desired commodity rises.
The financial condition of the world is tied to the financial health of every nation. Witness the problems spreading from Greece, certainly no longer a world power. The ripple effects of a shaky market include unemployment, which in our country is now 9.9% at last count. That translates into human suffering, which is experienced by many because of a relatively few greedy people. Those who suffer the most may have never bought a stock, but they reap the results of unscrupulous actions of people who may just be “too smart.”
The main reason for the instability in the markets is the incredible “savvy” of those in charge. They know exactly how to program their computers to make money for themselves. The absolutely amazing drop of 1,000 points within an hour last week is altogether due to the ubiquitous computer. It doesn’t have to wait to make decisions. It makes them at literally the speed of light, in kneejerk reactions to the slightest variations in patterns of buying and selling.
In other words, the entire market system is no longer about quality of companies, services or commodities, but has become a readily available method of gambling. The problem is, we are suckers and the house always wins. The “house” is not made up of “common people like you and me.”
Jesus stated the principle upon which the fat cats operate the market: “To him that hath it shall be given, and from him that hath not it shall be taken away even that which he hath.”