Karma Banque and a new tactic for the movement
01.14.05 (1:42 pm) [edit]
Check this out: www.karmabanque.com
Hedge funds and "short selling" are about 20 of the trades on Wall street (or the finacial markets in general, I'm not really sure which or if possibly both).
These guys have targeted stocks whose price are most vulnerable, but they add an new dimension: boycotts. Some stocks-- aparently Coca-cola-- are way over priced when you compare to actual sales, and when a big enough boycott is organized the price drops. Short selling and hedge funds profit when the stocks they own drop (Yes, it does sound like the "Underpants Gnome's method of capitalism, but apparently it works).
This investing technic can both generate revenue-- which Karma Banque redirects most in a philanthropic way-- and be used to drive down stock value on "bad" corps that either destroy the environment or are unfair to workers or people or the third world. Some stocks are more suseptible than others, but the ones that are suseptible can be effected by this technic.
If "We" can damage their stock value enough, they may have to change they business practices and diffuse the boycotts and those restore their stock value which was overpriced compared to sales and boycott suseptiblity.
Karma banque explains it better than I do, they were on Behind the News on WBAI yesterday with Dough Henwood and they were mind-blowing.
Hedge funds and "short selling" are about 20 of the trades on Wall street (or the finacial markets in general, I'm not really sure which or if possibly both).
These guys have targeted stocks whose price are most vulnerable, but they add an new dimension: boycotts. Some stocks-- aparently Coca-cola-- are way over priced when you compare to actual sales, and when a big enough boycott is organized the price drops. Short selling and hedge funds profit when the stocks they own drop (Yes, it does sound like the "Underpants Gnome's method of capitalism, but apparently it works).
This investing technic can both generate revenue-- which Karma Banque redirects most in a philanthropic way-- and be used to drive down stock value on "bad" corps that either destroy the environment or are unfair to workers or people or the third world. Some stocks are more suseptible than others, but the ones that are suseptible can be effected by this technic.
If "We" can damage their stock value enough, they may have to change they business practices and diffuse the boycotts and those restore their stock value which was overpriced compared to sales and boycott suseptiblity.
Karma banque explains it better than I do, they were on Behind the News on WBAI yesterday with Dough Henwood and they were mind-blowing.
posted by: DianneMaire (reply)
post date: 01.18.05 (2:55 am)
What I know about the stock market you could put in a thimble.
I finally made the decision to stop drinking Coca Cola. Their practices in India being the main reason behind my decision. I know I spend at least $7 a week on Coke but no more. I may blog on it soon in hopes that others will follow me. We do have power if we would only use it.
