Beware of the experts

Diogenes's picture

My friend Brian sent me an email with this little gem of a quote. He had received it in an email from a stockbroker.

marx (5K)

"Owners of capital will stimulate the working class to buy more and more of expensive goods, houses and technology, pushing them to take more and more expensive credits, until their debt becomes unbearable. The unpaid debt will lead to bankruptcy of banks, which will have to be nationalized, and the State will have to take the road which will eventually lead to communism"

Karl Marx, Das Kapital, 1867

I thought "what a remarkable quote". It seemed so perfect for the times; a little too perfect in fact. And so, a little searching later, we find this too is a hoax, another Bernie Madoff tale.

Yesterday we posted a JAB that takes exception to some of the claims made in the Calgary Herald last week regarding a national securities regulator. That's what got me so mad last week. Diogenes (5K)

I have calmed down a bit, but I am on a mission now.

I have rejoined Facebook under a new name, Diogenes van Sinope, and rejoined the group Canaccord and Other ABCP Clients. Almost all of the members of this private are due to get their money back in just a couple of days. They have waited for 18 months for this day.