Nobody Needs More Hetty Greens

Nobody Wins

Most everyone will agree… our education system is…abysmal. While there are many public schools, in areas where the lawyers, doctors, and fairly well-off people live that do a fairly good job, for most of America, the story is very different.

We are so far behind in science and math compared to other countries, it a no- brainer that Mitt Romney and Bill Gates want to import more brains from other countries. The main thing that has separated the haves from the have- not’s is knowledge. And there is one bit of important knowledge that the rich know that the poor are never taught:How to play the stock market.

In every high school in America, that should be a required course. There was no such thing in my high school, and later on, I found out that my own son had no idea or was ever taught in school, how to even write a check, or the basics of finance. And for obvious reasons: our government is trying to transform us into a cashless society, and they are doing a good job at it. There is nothing being taught in our schools about finance: stock markets, bonds…etc.

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The difference in the rich VS the poor, is that the rich teach their children all about it. And that’s what Hetty Green’s father did.  

Who is Heddy Green? (1834-1916) She played with the big boys, back when Jay Gould, Cornelius Vanderbilt, and John D. Rockefeller went around the country snatching up natural resources, fixing prices, cheating the government, and trying to destroy one another. This was also before the Sixteenth Amendment was passed giving the federal government the right to tax individuals and corporations. (Now, the rich just put all their money in off-shore banks.)

Hetty was every bit as good at the game, she took no prisoners, and she became a very ric multimillionaire, by playing the stock market.

And HOW did a woman back in the Victorian era accomplish this feat?

From The Rich and How They Got That Way

Hetty father and her grandfather made their money in the whale business. As a girl , Hetty sat on their laps while they read the business news and stock market report to her. Later when their eyesight began to fail, she did the same for them. Since Quakers traditionally regarded women as men’s equals. Once when Hetty went to New York for the winter social season, her father gave her $1,200 to buy clothes. She invested $1,000 of the allowance in bonds instead. All through her life she held high society in utter contempt.

When he died, he left his estate of about $6 million to his daughter. Her father had left his bequest in a trust to be administered by two male executors. Hetty’s income from her various holdings amounted to roughly $1000 a day. yet she wore the same dress every day. She bought railroad stocks and bonds. In one year in London, she made more than $1.25 million on her investments.

So, is it any wonder why the lowly working man is angry? With the right investments, a man or woman needs never lift a finger to survive. And today, we have even bigger robber barons—

“Anybody who plays the stock market not as an insider is like a man buying cows in the moonlight.” The robber barons prevailed partly because they were good gamblers but also because they had no ethical scruples, and no person or agency was powerful enough to stop them. By 1900, America had the highest per capita standard of living in the world. It was the heroic age of American capitalism.

So…the reason that we are in this terrible mess, is because a lot of very rich people, saw a way to get very rich on the stock market, and they crashed fortunes, nations, and futures with no remorse.

The little nobodies had no clue, because they were not taught in his schools, how bonds, stocks, derivatives, and even capitalism works.  

It’s about time, we educate ourselves.

December 29, 2011 Posted by Joyanna Adams | capitalism, economy, education | Economy, education, Stocks Market, Wall Street | 2 Comments