Submitted by Cortney on Thu, 03/19/2009 - 17:35.
I do not now, nor have I ever, personally owned stocks. I don’t think I’ve ever even felt the slightest financial interest in investing in the stock market. It’s likely due, it part, to my more pressing financial interests in groceries and heat bills, but I’m not sheltered or dense. I’m aware of the systems and carry some layman knowledge of its mechanisms. I read history and I didn’t sleep through my economics class. And, I’ve got this unending, morbid fascination.
I’ve had the “advantage” of an education that prepared me, in its own way, to negotiate the modern socio-economic system, one which isn’t likely to survive as it is much longer. I was taught, through nearly exclusive saturation, the memes of the global ruling class. I’m talking about people with sprawling cul-de-sac homes and armies to insure their economic interests.
And, along with that education I was told, by my family, educators, and the television, a highly popular and inaccurate fairy tale. This very same story has buoyed the stock market to its heights. It is there that the seed of my interest takes root.
On March 6th, the Dow Jones Industrial Average hit 6,477.20. It’s lowest point in recent years. The high, for the day I was born, May 19th, 1983, was 1,208.49. The all time record high hit at 14,164 on October 9, 2007.
The fairy tale goes like this…