Monday, December 19, 2011

Its Perfectly Legal For Congress To Execute Insider Trading (But Not Legal For You)

Unfortunately, there is no practical way to stop insider trading. Humans have a natural tendency to network and share information with others.  There is no reasonable way to prevent this no matter how many laws are enacted.  If the thought of insider trading bothers you, you should probably avoid trading in markets altogether and find other productive ways to invest or conserve wealth.  The truth is that the American markets are more corrupt now than ever. If you dont like that congressmen and women can make insider deals with impunity, simply pull your funds from the market. Stop dumping money into IRA's and 401K's. Just because an employer matches your contribution does not make it a "no brainer" decision to participate.  Employer participation just means that both you AND the employer are throwing money into the bottomless money pit. The only way to win this in the long run is to not play the game.
For more details see this 60 minutes expose which lays out the truth for all to see.  After hearing this, why would any sensible person wish to participate in such a system?  The average American is a guppy among sharks in this financial world. 

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