VHeadline guest commentarist Todd MacSween writes: Approximately one year ago, I wrote an article on Risk versus Reward, and it is apparent that in such an economic disaster caused by manipulation of the stock market my below quote still rings true. In this case, however, it appears that the United States of America has embraced socialism as a solution to its problems.
Funny that, a year ago, it was deemed an evil self-destructing type of system to embrace.
Now with the US government buying bank stocks and bailing out the companies that created the problem, it appears that entire world is in the hands of the so-called Government bailout plan ... the same plan that Americans sent emails approx 30-1 to vote NO against…
The scary part of that scenario is that the US government --which was supposed to be representing the people -- now votes against the majority of Americans, who are apparently too dumb (according to government officials) to realize how critical the "Plan" is to preventing global depression. In that regard, Venezuela is NO different as far as investor risk than any other country...
When a market crashes globally because Asia panics, is that not a much greater risk?
When companies embezzle (i.e. ENRON) and scandal hits USA investors, is that not a much greater risk? I think so!
Warren Buffett: "Risk comes from NOT knowing what you are doing."
Warren Buffett: "People tend to find themselves retired and poor because, at the end of the day, NOT taking any risk at all is the greatest risk of all."
Warren Buffett: "Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be missappraised."
Todd MacSween: "Opportunity is knocking, but you must open the door for the
reward."
The entire world is now in panic as it appears there is no more buffer zone to maintain the system they've created. At this stage at least it appears the mass panic caused by the "Plan" and attention to a possible depression has caused a world stock crisis… Individuals have seen their 401K's destroyed over the past few weeks as smarter people, who understand the crisis. have turned to cash. Those left holding the bag with nothing now, appear to be the lower and middle classes. The middle class; however has taken the biggest hit and created a new group of poor ... while, again. the wealthy get the advantage of bargain shop prices on everything from cars to televisions.
- At the same time those who lost 60% of their wealth, will NOW have to tighten their belts and buckle down to today's standard!
What's ironic about this change in world events is that the lessons of past manipulations were NOT learned ... or at least not corrected ... thus leading to a crisis that will now take years to resolve.
Who was sleeping at the wheel? I guess one will never know as all that's heard is the blame game of "he said /she said." How can those who did not see the problem, be trusted to guarantee a solution?
Common sense would state that those who saw this economic crisis coming are the more likely to have the solution ... but, for now, the trust of the world in the marketplace has vanished ... and will ultimately lead the world into a long hiatus.
Venezuela still stands out as a hope for investors! Policies taken by Venezuela administrations have prepared themselves against market manipulations and corruption ... steps towards that at least. One thing Venezuela has that the rest of the world seems to lack is the total package.
- Venezuela has what the rest of the world needs now ... or will need.
- Venezuela has the resources that no other country in the world can compare.
Once the Government of Venezuela takes the bull by the horns and pushes its economic future forward ... the best is yet to come!
According to world sources, Venezuela has only oil money to survive on. Well that is a partial truth! They do indeed have oil money to supply their Socialist views, however they also have potential for so much more. Despite threats from the United States of America of weaning dependency off Venezuela oil, it's only practical that this will never happen within a short time frame ...as indicated by those running for the US presidency promise. It's more practical to say that there will, eventually, be more demand for Venezuela oil ... no matter from which country ... as well as demand for the natural resources it takes to sustain world developments.
Lately. there have been reports of Hugo Chavez taking back Venezuela's own gold industry ... there have been quotes about going after the largest gold mine in the world! Some reporters take this word for word, however, what is perceived by some investors is rather a move towards "partnerships" with those willing to undergo a system similar to what has recently happened in the so-called nationalizations of Venezuela's oil industry which, like gold, banking etc., was already nationalized way back in 1976!
Chavez' 21st century socialist system would have government majority but can be partnered with international companies ... creating jobs, security and to prevent the plethora of of manipulations already seen throughout the world markets. It could/should be seen as a project development of gold, that is owned, controlled and regulated by the government but with the cooperation of international companies.
This type of system could open company doors wide to those who are willing to follow the socialist 'empresa mixta' (mixed enterprise) model and easily open the door for further contracts and/or mining partnerships. It's a system that could be implemented in every industry throughout Venezuela ... a system where both the government and private companies can survive ... together.
- A misconception throughout the world is that of oil or mining companies owning a country's resources ... this is simply not true anywhere.
Look at the latest statement by Barack Obama during this last presidential debate: Key statement on the future of America, mentioned when Obama stated that oil companies would be forced to drill their land or LOSE IT!
Yet another example for the current 'Socialist' views of George W. Bush's USA government is that concessions of resources can be revoked -- at any time -- by governments in almost every country, if not all. The world is indeed changing.
The 'Risk and Rewards' are well known, and it's up to each investor to take advantage of each change.
Until when there is no corruption in the world, there'll be no prosperity for ALL mankind. Tougher times require tougher methods of saving for the future ... but corruption by greedy CEO's and market manipulators certainly make it impossible for the normal Joe Public to get ahead honestly!
Todd MacSween
emilytodd@netzero.net
Venezuela is facing the most difficult period of its history with honest reporters crippled by sectarianism on top of rampant corruption within the administration and beyond, aided and abetted by criminal forces in the US and Spanish governments which cannot accept the sovereignty of the Venezuelan people to decide over their own future.
HELP US TO KEEP BRINGING YOU THE TRUTH
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Hey Mister Marx...sween,
ReplyDeleteAfter reading your article:
Once the Government of Venezuela takes the bull by the horns and pushes its economic future forward ... the best is yet to come!
I have 2 questions:
1.- Where do you live? I bet is not in Venezuela.
2.-Until when there is no corruption in the world, there'll be no prosperity for ALL mankind.
Do you really think it's possible? Is not the 60s anymore. And you are old enough to continue smoking marihuana.
Please dont be so dangerous for the world and specially for Venezuelan honest people.
Grow up Mr. Marx...sween
That fellow "Anonymous" has a multiple personality problem.
ReplyDeleteI doubt that it is really worthwhile to enter into polemics with the right-wingers, since they are fundamentally wrong. George Orwell once taught me:"Four legs good, two legs bad (until the pigs started to walk upright on their hind legs)".
I have seen articles by MacSween before but have forgotten his background.