Apr. 09, 2021
Good Morning, Stop signs only work because everybody observes the rules of the road and trusts others to do the same. Sports only work because everybody plays by the rules and trusts others to do the same. Dollars only work because everybody believes that they are an approximation for value, and trusts everybody else to do the same. What happens when the average American no longer believes that he/she can benefit from an economy that depends on his/her contributions and distrusts the mechanisms of free-trade? What happens to the market when the average American no longer believes that the market actually holds any real value? What happens to the dollar when the mechanisms of free-trade are distrusted? I fear the day that the average American is fundamentally excluded from benefiting from the system that functions off of his/her contributions. But I am terrified for the day that the average American no longer believes in the market as a fair mechanism. Americans only want fairness: the same rules applied to everybody, equally. A house divided cannot stand between a tale of two cities. The SEC must make an important decision. It is my hope that before that decision is made that we all step back and reevaluate where economic value originates, and why it is paramount for that mechanism to remain impartial. Thank You, Bailey Nixon