Monday, April 11, 2011
Rodenticide Needed for Wall Street Operators
Today Facebook and China's largest search engine Baidu announced a joint venture. They plan a social network site in China. The news catapulted Baidu to a $50 billion market cap. Gee. That's only one deal. How many other deals happen all the time that create huge market caps? Trillions are created out of thin air. But one can't eat thin air. One needs hard assets to spend this virtual wealth on. Does the planet have another $50 billion of natural assets to be processed into huge homes, expensive cars, near extinct tuna, near extinct tiger parts, etc? Wall Street operators are a kind of sophisticated omnivore rat. They eat plants, animals and waste natural asets with their alchemy of paper value. They give nothing for these millennia year old products of the earth. All things weighed, Wall Strret rats need a rodenticide.
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