To access full article, simply register your account below for FREE.
If you are an existing user, please log in.
The Straw Man and You
By David Burton If you were an avid “Your Trading Edge” reader, you would have read my previous articles titled- “The Matrix of Money”and “The Burning of Paper Money”. Well, this is an addition to those articles. Gann once said- don’t have debt and save a surplus for emergencies. Therefore, I will explain why you don’t want to be a straw man. A bank keeps 3 per cent in cash in order to lend out 97 percent in debt. This is akin to keeping $30 and lending out $970 and continuing this trend till you are broke. Now if you