Posts

Showing posts from 2026

Who wants to be a millionaire

Image
  “Here’s how to become a millionaire on a low salary,” the internet ad says below a smiling face of a happy, happy blue-collar man. By now, we should all know what that’s about: you send in X dollars and a computerized algorithm running 24/7 will buy or sell investment pieces with your X dollars. You may buy a tiny interest in Greyhound, say, at 2:30 am for $11.25 and sell it at 2:35 for 11:30 for a profit of $.05. And if the computer makes, say, 1,000 similar transactions while you’re asleep or at work, your portfolio will have grown by $50.00 in a day, let's say, and $1,500 in a month. That seems like a deal of which everyone should take advantage, except if everyone did and Rosthern, became home to 500 millionaire families, prices for houses, food, services would rise enormously on the principle of  whatever the market will bear . Unearned money, dollars achieved through speculation on the currency itself or on the price of land, goods or services, is in the end, blood m...