Vladimir Putin and the Russian Duma may be the smartest country on the planet.

September 16, 2014

By Calum MacLeod

BEIJING – You might be millionaires, (click here) but please spend wisely. In recent months, as the IPO of Chinese Internet giant Alibaba loomed into view, founder Jack Ma kept warning his employees. "We've worked so hard, but not for the sake of turning into a bunch of uncouth new rich," he wrote in a late July e-mail.

With Friday's eye-popping, record-breaking $167 billion listing in New York, China's nouveau riche just swelled some more as more than 5,000 current and former Alibaba employees were selling their shares in this IPO. And they won't lack for places to splurge their new-found wealth....

This is an economy killer. There are water cannons for sale and something called "Quality hot sale herbal incense bags with tear gas" that sells for 2 to 5 cents US.

This is Wall Street's dream come true, a discount online store where anyone can buy anything. It is ultimate control of merchandise to those with money and if this is the way the world is going to purchase anything it won't last for long.The world, I mean. Every other merchandiser will be out of business for the inability to attract customers.

For 5% of the order amount Alibaba will provide an escrow service. The monies pad will be held (collecting interest in their bank, of course) and then released when the buyer confirms delivery. 

An unverified member can sell up to 50 separate products for no cost. (click here) Good-bye E-bay.

Besides selling your products on Alibaba.com, (click here) you are suggested to use our sourcing platform “AliSourcePro” to post buying requests and source easier online. After your buying request is approved, you could receive up to 10 quotes from accredited suppliers.

This thing is a nightmare and probably breaks every USA trade law on the books. I'll never purchase anything from this service. I am appreciative of my local economy.