Welcome back my friends to the show that never ends
We're so glad you could attend, come inside, come inside
Rest assured you'll get your money's worth
Greatest show in Heaven, Hell or Earth – ELP
As I said to our Members this morning, I was up at 3am and I did our ususal pre-market skim of the news but I was so disgusted by the blatant manipulation going on at the Shanghai and in our own futures I decided to go back to sleep because it was simply too depressing to discuss.
I want to start this article by apologizing to the Bottom 90% because we're about to steal your money again. The way we (the Top 10%) do it is that we already own a lot of stocks because, well, because we have assets and you don't – because you are poor or, as Donald Trump calls it, lazy.
You have been too lazy to get a slice of "the pie" so, as you can see, we in the top 10% now have 78% of that pie (well mostly the top 1% because we have 38% but we like to pretend the next 9% are our friends to get them to do our bidding – even while the next 9%'s share of the pie shrinks as well). If you wanted some pie, surely you would have gone to an Ivy League School and started your own business and gone public by now so we assume you don't like pie and we'll have some more thanks!
Before the last crash, our slice of the pie was around 70% and you bottom 10% people had almost 1/3 of the wealth in your 401Ks and IRS and some of you even had businesses and equity in your homes. We wanted more pie so we inflated the pie (on paper – in reality, there was no more pie) and made you feel richer but then we sold our pie to you for very high prices and you went into debt to buy more pie – thinking the pie would inflate forever and you'd have more but then the pie began to…
