Monday, August 27, 2012
Foul flavor of doomer
There are a lot of flavors of doomers out there. The one that leaves a real sour taste in my mouth is the investment doomer. They know things are going in the crapper. Their nice charts and graphs point it over very clearly. Often they have impressive credentials in business and/or government.
Dire problems that will cause suffering and death for untold millions are looked upon as good investment opportunities.
“Opportunities in food commodities due to agricultural woes.”
“Peak oil energy bets to make you rich.”
“Three little know investment strategies for societal chaos.”
“Protect your lifestyle in a currency collapse.”
“Pharmaceutical companies to bet on for the upcoming plague years.”
“Best defense contractors positioned to take advantage of a Middle Eastern war.”
I’m not a fan of vulture capitalism. It’s that attitude that encouraged American capitalists to invest in Nazi Germany. (Prescott Bush comes to mind) Mack truck helped the Soviets build trucks -which ended up hauling war materials for North Vietnam.
Anyone else think it’s wrong to profit off the suffering of others?
When there’s a storm and the corner store doubles the price of bottled water, they are profiteers. If it’s done on a large scale and millions are made, then it’s being a wise investor.
Here’s an investment opportunity: rope. It’s idea for hanging all the bastards who get rich on the suffering of others.