BATR Déjà vu

Sunday, November 2, 2014

Déjà vu - View from the Mount - Wall Street, Money and the Merchant Class

Capitalism is NOT Wall Street. In order to correctly comprehend the nature of the Free Enterprise system, one needs to understand the fundamentals of a business transaction. Real business requires that goods or services are purchased from a seller by a buyer, at a price that both agree upon. A tangible product, skilled service or intellectual property may qualify as an entity of substance. But when we closely examine the composition of equities, warrants, bonds, options, futures or derivatives; we enter a realm that falls outside the scope of normal business transactions. 

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