A Series of Temptations

 A Series of Temptations

Andreas Loizou, who worked in the finance industry and is now in prison, exposes the immorality of large financial organizations in "Devil's Deal," revealing conspiracies he personally experienced in countries like the UK and the US. Many companies, although financially affluent, issue bonds to raise funds. The reason is that giving some of the profits to bondholders who are favorable to them is better than paying taxes to the government. The interests of invisible shareholders take a back seat. Financial experts create and inflate bubbles to maximize profits. Then they leave, saying, "Leave a little for the next person." Economic history shows a cycle of bubbles forming and bursting. Positively speaking, economics is a cycle of growth and decline. Insurance companies, which claim to care about our health and families, don't operate to benefit policyholders.

Economics is said to be psychological. Yet, financial experts exploit people's basic psychology. First, most people want to minimize losses rather than maximize profits. Second, investors all believe they are ahead in the game. Therefore, when they incur losses, they actually take on more significant risks. It is said that less than 50% of fund managers worldwide can outperform the stock market index.

Oh... my money... my negative hand! Every day is a series of various temptations. But remember, tomorrow is determined by today's choices.

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