The Lesson Of Lesson #1
America was built upon the foundation of a rule of law and that All Men Are Created Equal......no one person is above or below the law.
Our nation was founded by a group of people who left environments where the rule of law was selectively enforced and many were persecuted. Our founding fathers created a template so such behaviors would never happen in America.
Upon this foundation, the greatest industrialist nation in the world as built as capital had assurances that once deployed, a strong and fairly appllied system would protect it.....investors didn't have to worry about the government arbitrarily seizing property, excessively diluting the currency, or interferring with contracts.
Slowly since 1900, probably up some steam around 1980 and really accellerating after 2000.....the rule of law started to erode..........and after the 2008 banking crisis.....it was completely eviscerated.
We took a nation and economy built upon private property rights and private enterprise facing a massive financial crisis and only bailed out bankers, govenrment, Wall Street firms and let the rest of the economy rot.
Now we are feeling the effects....cities, counties and states are running out of money due to evaporating tax receipts as we are told there is a recovery....schools and hospitals are shutting down, and millions of Americans are suffering massive wage cuts and losing their homes and life savings.
All of this was foreseeable.....very clearly....because instead of equally applying the law....we selectively imposed it on the majority of the population and "bailed out" those who primarily placed us into this situation by allowing them to circumvent the law or changing the law in their favor.
When ALL men are created equal......you simply can't bail out one party to a contract. This is simply the basis of Marshall Law where you can't have seperate but equal.
Once you break the rule of law....you destroy the foundation and the system which our economy was built upon. Once the foundation is compromised, the whole system above crumbles.
As a result, our nation is now running on a foundation of economic anarchy.....and investing has simply morphed into a game of high stakes gambling.
If you Fools think your odds are better in the stock market than playing in Vegas....my suggestion is you retake a probabilty/stats course. Based on the fact that the Las Vegas Gaming Commsission is still seemingly enforcing the rules......it is more likely that your odds in Vegas are actually much better....especially if you were a good investment analyst which would have led you to the wrong conculsions.
And if any English Major Fool tells you different........welcome to the Digital Age.