Capitalism is awesome, and it’s also the fairest economic system there is…

There has yet to be ANY other form of economy out there that comes as close to giving EVERY person access to wealth.

America became the most powerful nation on the planet because of the free market system that’s been in place since the Founders decided to declare their independence.

However…

The nature of capitalism is such that it needs to be tempered with a little compassion to ensure that there is some kind of balance and that things aren’t taken too far. It’s why we have anti-monopoly and antitrust laws.

Of course…

It doesn’t stop people from crossing the line, and that’s where self-control and a personal conscience comes in.

There’s something called business ethics – and as Americans lucky enough to operate in a free and open market, we should exercise these ethics every chance we’re given.

You would think that a man that has a masters from the Harvard Business School would know a thing or two about business ethics, wouldn’t you?

Well, Bill Ackman has just proven us wrong in believing that.

Higher Education Is No Replacement For Morals

Bill Ackman has had some very good luck at picking stocks…

So good, in fact, that LCH Investments once named Ackman one of the world’s top 20 hedge fund managers after Pershing Square (Ackman’s company), grabbed $4.5 billion gains for investors in 2014 and $11.6 billion in profits since the fund’s launch 10 years earlier.

Ackman was riding high…

And then, at some point, he decided to start taking the low road and started betting AGAINST success rather than ON it. Using his insider connections, he shorted the stock of the MLM company Herbalife to the tune of almost $1 billion dollars.

For anyone unfamiliar with the process, shorting a stock is essentially an investment betting that a certain stock will decrease in value. It’s a risky maneuver, but if it pays off, a person can stand to make unimaginable amounts of money.

But that wasn’t the problem…

The problem was that Bill Ackman may have hired people to try and discredit Herbalife to ensure that his short happened. He was actually investigated by the FBI for doing so.

The best part? After a baseless lawsuit against Herbalife (which claimed they were running an illegal pyramid scheme) was dismissed, their stock went up 13%, costing Ackman and his associates $500 million.

So, you’d think that, after the fiasco, Ackman would learn his lesson about trying to manipulate the markets….

But again, just like when you thought this man would have a strong moral compass due to his education, you’d be wrong.

Played American Investors Like A FIDDLE!

Get this…

Ackman and his Pershing Square investors have made $2.6 billion over the past few weeks by SHORTING the markets in a bid to hedge his company’s portfolio and protect investors from losses…

Which is something a good manager should do.

Except that’s not where Ackman stopped. In order to see this short materialize, Ackman went on TV and stoked fear and trepidation in the market, saying, “Hell is coming” and talking about an impending financial crisis.

He then took to Twitter and quite literally BEGGED the president to shut down the country…

“Mr. President, the only answer is to shut down the country for the next 30 days and close the borders.  Tell all Americans that you are putting us on an extended Spring Break at home with family. Keep only essential services open. The government pays wages until we reopen.”

And another…

“Mr. President, the moment you send everyone home for Spring Break and close the borders, the infection rate will plummet, the stock market will soar, and the clouds will lift. We need your leadership now!”

But that wasn’t enough for Ackman…

He also begged Congress to do the SAME thing!!

“Please send everyone home now. With your leadership, we can end this now. The rest of the world will follow your lead.  A global Spring Break will save us all.”

As well as, “With exponential compounding, every day we postpone the shutdown costs thousands, and soon hundreds of thousands, and then millions of lives, and destroys the economy.”

Well, after all Ackman’s efforts, it looks like the market listened…

After Ackman’s statements, the coronavirus market crash turned Pershing Square’s $27 million dollar bet against the markets into a $2.7 billion windfall.

Is it legal?

Well, it shouldn’t be, especially seeing as he has access to financial investors through the airwaves and his status as a “financial expert” gave him insider knowledge.

This smells rotten six ways to Sunday, and it’s nothing more than the Deep State doing what they do best…

Taking advantage of people in a bid to make themselves powerful and wealthy.

And make no mistake…

Ackman IS a member of the Deep State. He knew what was coming. His cronies in DC gave him the heads up, just like they did for all the CEOs of major corporations.

This is how they work…

And we’re the ones that wind up paying for it all.

 

“Ethics is knowing the difference between what you have a right to do and what is right to do.” – Potter Stewart