Watching the Dow Jones Industrial average meter has become an obsession for me. Having not a single share in any corporation through private investment or a 401k retirement package, I sometimes wish for total collapse of our so-called “free market”. I stare at the red number on the bottom of the television screen.
Just when I am about to go blind, a commercial comes on and I’m tempted to buy an upside-down tomato growing contraption.
When numbers tumble drastically on the Dow, I get so excited that my face turns red. In my opinion, our nation is in need of another great depression.
The most trivial of news reports seem to have an impact on the Dow, as was the case yesterday. The Federal Government was proposing a law to limit the power of banks. Large financial institutions were facing new regulations that would have required complex hedge funds and short-selling ‘bear and bull’ market accounts to exist as separate entities from the branches of banks where personal savings and checking accounts, certificates of deposit, and safe deposit boxes are kept.
Barney Frank, the aging, powerful queen of the Congress released a statement yesterday to prevent the Down from falling beyond 300 points– Miss Thing thinks it’s a good idea not to require banks to separate high-risk banking from sound, simple savings accounts. Immediately the Dow rebounded.
I laughed and snapped at the television screen.
It was the Duchess of York story that ruined my hope for America, or any other “Western” country for that matter, not Barney Frank’s nonsense. Not only was the whore story a real headline, unlike the lie that is the Dow Jones Industrial Average counter, but the event caught on camera showing an exchange in cold hard cash (off the books) is only the tip of the ice berg of what is the true rotten cavity of civilized society.
When capitalism finally collapses like communism, we as a nation cannot divorce her, but I sure as hell can.
Let the Dow fall!