The #moon at night
This, now, is straightforward and business-like: A. applied to B. for a loan of $100. B. replied, ‘My dear A., nothing would please me more than to oblige you, and I’ll do it. I haven’t $100 by me, but make a note and I’ll indorse it, and you can get the money from the bank.’ A. proceeded to write the note. ‘Stay,’ said B., ‘make it $200. I want $100 myself.’ A. did so, B. indorsed the paper, the bank discounted it, and the money was divided. When the note became due, B. was in California, and A. had to meet the payment. What he is unable to cipher out is whether he borrowed $100 of B., or B. borrowed $100 of him. – Henry C. Percy, Our Cashier’s Scrap-Book, 1879
In my view, the American dream of striking it rich is merely a well-marketed fantasy that keeps the bottom 99.5% hoping for better and prevents social and political instability
An Investment Manager’s View – Business Insider
Good article, and breaks down what everyone should already know about wealth generation and control in America.
(via jonbristow)
Actualy its not the American dream or capitalism that has created the problems its the government regulation.
(via undeadwill88)
Yes, but who is responsible for government regulation? The people with the loudest voices. Who has the loudest voice? The people with the most money. Why do they have the most money? Because the government protects their interests above all.
