“Have We Been Sold a Bunch of Lies?”

Frugal Dad asks that provocative question in his blog entry for yesterday.

There are lots of people asking that question today. More will be asking it in days to come unless some responsible people step forward to rebuild confidence in the markets by explaining why it is that we have in recent years suffered the greatest loss of middle-class wealth in U.S. history.

My comment is Comment #16.

Juicy Excerpt: We MUST get the word out re this. If people pull their money out of stocks (more are talking about it all the time), we are going to see another huge price drop. That is going to put our economy into a depression. All of this is 100 percent unnecessary. It is all the result of a MISTAKE. We really need to get about the work of getting some serious people involved taking some serious steps. There are many people who know about all of the things I am talking about but who are afraid to speak out because the human misery caused by the Passive Investing concept has been so horrible and it is considered “taboo” to note the errors in this failed approach. I have never seen anything like this!