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4/24/16

But what is the answer

Regarding this chunk of script from yesterday...
"The promotion of mining companies in Canada is a tired, shady and parasitical model, it's time to change things for the better and people such as these are part of the problem, not part of the solution."
 ...reader 'MC' writes in to IKN Nerve Centre this fine and pleasant Sunday morning with a short, simple but highly relevant question:

"but what is the answer?"

MC, I honestly don't know but I'm pretty sure it has something to do with market dynamics, with the application of pure capitalism and with the phrase I've been using around these parts this year, "Do Not Feed The Animals". 

You the investor should stop feeding this whole sordid set-up, refuse to buy into obvious paid pump-jobs, demand FULL disclosure from those that would advise you on the sector (not just carefully worded disclosures that hide noxious realities) and perhaps tell people who put money directly into the pockets of this parasitical layer of the business world, i.e. mining company CEOs, directors and IR officers, that you refuse to buy shares of a company that pays for coverage and if they're that sort of company they're never going to be taken seriously by the non-mouthbreather end of the investment community. Because you the investor are the baseline, the money that makes this whole world go round and when money talks, bullshit walks.