by Tom Barnes
The world is in serious trouble. GM stock sold for less than $2 dollars a share yesterday. Today’s New York Times ran a brief concise article on the beginning of the implosion of the world’s stock markets called "Slump Humbling Blue-Chip Stocks".
Well, there are about 25 million American veterans and roughly 2 million active and reserve members of the U.S. Armed Forces. If we all bought $100 dollars worth of stock this year that would $2 billion 700 million dollars worth of stock…that is not enough to turn this around but it is enough to spark a buying frenzy on Wall Street. Now, how should this be done?
But the point is that (1) this money would not be an "investment" in the proper sense of the term because in the long run we would not really be gaining any income, we might in fact be throwing money away but I believe that $2 billion 700 million dollars spent on a mass purchase of American stocks with a period of four fiscal quarters by American veterans and Service members would be enough spark to set this market on fire.
I think we could actually bring a bull market back on line in a year.
CWO3 Tom Barnes, USCG (Ret.)
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