Monday, September 14, 2015

Con Job: Alibaba a Year After IPO

Confidence artists (con men) make sure the victim has confidence in themselves.  In this way, when it goes bad, the victims blame themselves.

I have had countless people tell me business is different now since you can risklessly find products on alibaba, sell it on amazon, pay through paypal and sit back and make money.

OK, show me one person on the planet who is supporting a family doing that.

Crickets.

I have had nothing good to say about alibaba ever, and you can track that here:

http://hbhblog.blogspot.com/search?q=alibaba

Now as alibaba heads the price direction it ought to, we have this quote from the CEO:
“Today what we got is not money,” CEO Jack Ma said that day. “What we got is the trust from the people.”
spoken like a true con-artist.  When Hong Kong refused to allow alibaba to list oon their exchange, what did that tell you?

Once you elect to maintain integrity of definition on economics, such as the definition of money, credit, etc...  it is very easy to see what is going on.

First get the definitions right.

Feel free to forward this by email to three of your friends.


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