It's no crime to go broke..especially if it's a result of events beyond your control. There's no shame in that as long as one continues to act in good faith throughout rather than exploiting one's creditors. But to repeatedly present ones self as a wealthy, successful businessman that others should trust when banks will not is not operating in good faith IMO.
What I'm seeing strikes me as a prime example of "name it and claim" theology taught by some televangelists, faith healers, megachurches, Pentecostal ''prosperity gospel'' preachers. This mindset comes a particular interpretation of scripture--
"Believe that you have received it and it will be yours" --and-- "Whoever does not doubt in his heart but believes that what he says will come to pass, it will be done for him."
The belief is that by merely vocalizing or ''proclaiming'' ones intentions brings forth supernatural power. Such delusions often cause people to make insanely grandiose announcements (i.e. "claims") which, they believe will magically come to pass because they're a child of God. They consider themselves and what they're attempting to do as worthy of divine interventions. Yet when they don't, they simply chalk up their failures as these failures being the ''will of God'' because He wants them to do even bigger and greater things for His glory (and their earthly enrichment/ prosperity).
Thankfully the SEC, DOJ and IRS view things differently. Proclamations made in bad faith (i.e. knowing one has not the means nor ability to achieve them) often results in the manipulation/ pumping of a stock that enriches a hand full of insiders at the cost of everyone else.
Bearish
Consider me an IDIOT. Do not buy, sell or make any investment decision based any information or opinion I post. Conduct your own DD.
AI
