A COMPETITIVE SUPPLY AND A FREE MARKET IN "STOCK EXCHANGES"
Solution: A Pure Laissez-faire Christian* Capitalist Industry with MANY SUPPLIERS, meaning A COMPETITIVE stock exchange ( a business ) industry.
Analogy: "Anyone should be able to start their own CLOTHES MANUFACTURER ( a business ) tomorrow morning, WITH THEIR OWN DESIGNS."
Analogy: "Anyone should be able to start their own NEWSPAPER PUBLICATION ( a business ) tomorrow morning, WITH THEIR OWN WRITINGS."
Likewise: "Anyone should be able to start their own STOCK
EXCHANGE ( a business ) tomorrow morning, WITH THEIR OWN RULES."
With much competition of Rules ( Regulations ) they would be constantly refined and improved in the best interests of the Consumer-Investor. Stock Exchanges would be competing for the most number of investors by offering the "best" rules ( regulations ).
This means conceivably 50 stock exchanges in British Columbia alone, each with 250 listed companies. Each exchange specializing in a certain industry. With an average 40 employees per company, that's 500,000 jobs in BC providing a living for 500,000 fathers and their families. Exporting quality products all over the world.
I personally can envision a "Finished Wood Products" stock exchange
in B.C. with 1200 listed companies, 80 employees each, that's 96,000
jobs for fathers to support their families. There are lots of trees
in B.C. aren't there?
The correct number of stock exchange's there "should be" in British Columbia is this: Whatever number the free-market of consumers and suppliers says there should be. That could be 1 or that could be 1,000 or anywhere in between. But the most important reason is this: Anyone has a God-given right to have their own business in any industry they choose. Am I allowed to say that
there could be one [ junior ] stock exchange for every million people?
That would amount to 330 junior stock exchanges in the USA and Canada.
An industry with a similar nature is banking.
There are six Schedule I chartered bank companies in B.C. so that
means for sure we could have six stock exchanges right now also; I'm sure
there are six responsible, qualified people to be the new CEO's.
Did you know there are 8,000+ bank companies ( not branches ) in the USA ?
Also each industry needs its own customized, specialized type of stock exchange rules. "One size fits all", does not work and is not optimal or efficient in almost all human endeavors. People do not believe this because they do not understand the fundamentals of liberty. After 12 plus 5 years of Statist/Public/Sovietised/Socialist indoctrination, I mean education, how could it be otherwise?
The more competition and suppliers you have in an industry, the less need there is for State Regulation and the less the Crime Rate also for that industry.
Competition ( many suppliers ), collapses industry crime.
Another big issue that needs to be outed is that of personal vendettas and
persecution of people who are not "liked" but have little political power in a
competition-restricted regime where political relationships and soft-money bribes rule. Free competition destroys such immoral and illegal gamesmanship.
Also, with a competitive supply and a free market in stock exchanges, the cost for a company to go public would fall dramatically. Computers $250,000 thirty years ago, $2500 today. Who could have predicted? Cost of stock exchange listing $250,000 now, start a real free market in stock exchanges, and the cost might only be $2500 after some years ( any securities lawyers reading this just had their heart drop down to their stomach ).
Stock Exchanges could start small and grow ( Duh! ). That means
a basic trading system might only cost $25,000 not $25 million.
They could have revenue sources like fee per trade, free stock
positions or even royalty on sales of successful companies.
The free-market would allow for limitless new ideas for revenue sources.
A centralised quotation distribution service for many stock exchanges
could likely develop if the free market of suppliers and
consumers desired that kind of system.
A "shell" costs or is "worth" $500,000? Folks, give me a break, let
me tell you this cost or "worth" would plummet, and I mean PLUMMET
to somewhere in the vicinity of $5,000 in a real free
market. What kind of racket is this?
You mean a father and mother work at stressful and demanding jobs
all their lives to pay off the mortgage on their $500,000 home,
and the reorganising or reconstruction of a paper shell
( basically the only asset is it's stock exchange listing )
should be worth the same, or requires
the same dedication and effort? How many times have I heard from someone
that this shell reorganizing "is really difficult and hard work you know."
Spare us all such crapology.
At any rate why would anybody want to buy an old shell ( a financial mess or
train wreck with possible hidden and incubating lawsuits ) which was
expensive to reconstruct when they could buy a brand new one for $5,000 ?
All of the numbers in this piece can be played with, but the
Big Picture point to believe in is the general and moral principle of a Laissez-faire Christian Capitalist Competitive Industry.
Any newspaper columnist should be able to start their own stock
exchange ( or newspaper publication business ) tomorrow morning.
Most uninformed and socialist brainwashed people would disagree with that statement. But the people in the
best position to own and operate these entrepreneurial stock exchanges would be people with regulatory experience at the Securities Commissions
and people with experience as executives at the TSX Venture Exchange.
These would become the future nine figure millionaires as they "cloned" their
successful idea in 2,000 other "Provinces" throughout the World.
People who are skeptical about free, open competition should consider this: If a system were to be deliberately designed to consistently lose 90% of investors large amounts of money, we would have the current uncompetitive monopoly system.
And the OTC Bulletin Board is not an example of a company
operating in a free market competitive regime. In fact the OTC BB
is not even a stock exchange but simply a quotation service.
I don't have a great degree of confidence in an entity
that calls itself a bulletin board. A laundromat has a bulletin board too.
I guarantee that if you do a study you
will find socialist forces at work. For instance if the SEC
accepts applications for approval, but says NO to everyone
then the uncompetitive system is maintained, and they should not
be allowed to say that they are monitoring a free-market.
Soviet-style, Socialist-style, Monopoly-style Systems have never
worked at any time, place or industry in the history of the world. They have only benefited a few elite at the top but never benefited the masses of people, never benefited the masses of Living Souls.
If real free market principles of privatised, decentralised,
competitive and voluntary suppliers in this industry
were followed, then maybe the record of successful
and profitable investors could be turned around. Maybe
there would be 60% winners, a 500% increase from the current dismal statistics.
And I know an issue that has to be dealt with is that the controlling elite
of the uncompetitive monopoly/paper/fractional-reserve currency and/or banking system have been able to, and will continue to gradually buy up,
consolidate and control most companies in every industry.
And right at the top of the list is control over the Stock Exchange Industry
because it is foundational for sinister plans of total world control of wealth and property. This privileged Paper Money Cartel System gives a colossal
and unfair advantage in acquiring and then controlling wealth
to those who sit at the apex of this system and the agents of it's network.
The trend seems to be toward a structure where there is
one corporation for each industry, and each corporation owns and controls
anything that's worthwhile to own for it's industry.
What is the penalty to all for not telling the truth ( silence included )
or spreading ideas which are contrary to truth and freedom,
especially about the industry one is employed in or writes about?
Because after all, "first you grow old then you die." Not so. After you die of
old age there is a Judgment Day where you will be judged
by your thoughts, words and deeds, and the intentions and
motivations behind your thoughts, words and deeds over your
seventy year lifetime here on Earth. Appropriate
rewards and punishments are then handed out with perfect justice.
*Christian does not mean crypto-Christian or Churchianity
or anything "christian" disseminated by MainStreamMedia.