moneytalks

Years ago, with the advent of the internet, a huge industry came about. This industry had already became a mainstay in the US culture. Before the internet people went to specific buildings to “wager” their money with hopes that they would one day strike it rich. Some made money, many lost their money. Websites started popping up all over offering for you to risk your money online instead of having to go to an actual building. This made it easier for just about anyone to take part in this opportunity. People with little to no experience started getting involved and I’m sure lives and families were ruined from this. The problem is that today, this is still legal.

You may think I’m talking about online casinos but I’m not, I’m talking about online investing. No difference in my eyes. Yet one is targeted by the government as immoral and bad for families. Yet the other thrives and does great business every single day. Meanwhile banks and other funding methods, such as Netteller, have been subject to new laws restricting their involvement with transferring money from US banks to offshore gambling accounts. The only difference I can see is the fact that at the end of the year Uncle Scam gets his from the online investment companies but they have no power over companies located in Costa Rica, Canada and other countries. It has nothing to do with saving the American people from evil corporations looking to take your money. Look at all the shopping malls and chain stores that tempt you away from your money. You can wager your money online that Sony will make more money but you can’t bet the Browns -3.5 vs the Jets. Or lay $10 of your own money down on a hand of blackjack. They will continue to make investors look like upstanding Wall Street businessmen while making gamblers look like degenerates that are doing something wrong. Wake up and realize that there is no difference.

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