Important Themes from My 2010 Blog Firstly I wish to thank the readers for taking the time in this busy world to read this blog. I started writing in June 2010 with the thought that people buy an inexpensive household item only after comparison shopping and due consideration, yet people invest their life savings by… Continue reading Investing Insights
Tag: Make people responsible for their unconscionable actions’
What is Wrong with Capitalism – #2 of 10 Checklist of Dec 9/10 – Lack of Warranty
A Warranty is normally attached to a product, except in the Financial Industry The Lack of Warranty attached to Financial Investments. Buying a car means whoever sold you the car stands behind the car. The financial system works on the opposite principle. BUYER BEWARE ! Money is Earned by Your Advisor When you Buy Something… Continue reading What is Wrong with Capitalism – #2 of 10 Checklist of Dec 9/10 – Lack of Warranty
What is Wrong with Capitalism – First Item on my 10 Point Checklist of Dec 9/10 (continued)
The Main Elements that are Wrong with our Economic System – First Item on my 10 Point Checklist of Dec 9/10 – Continued from blog of Dec 20, 2010 Let me begin by saying again that I am a Capitalist. I believe Capitalism to be the only economic system that the Western world should follow.… Continue reading What is Wrong with Capitalism – First Item on my 10 Point Checklist of Dec 9/10 (continued)
A Problem with Democracy – Our cherished Rights – WikiLeaks founder Julian Assange
Our Cherished Rights We in democratic societies fight to keep our cherished rights. We feel that any move to restrict our rights, is a move against individual freedom, and is something that is not very good. Generally these cherished rights are necessary to our well-being. These rights protect us and mandate the way that our… Continue reading A Problem with Democracy – Our cherished Rights – WikiLeaks founder Julian Assange
The Financial Meltdown was Avoidable – What is Capitalism?
In a recent blog, I tried to give an overview of what happened and why it happened. In writing that blog, it occurred to me that the subject of how to avoid future similar meltdowns is about as confused in the public’s minds as to the reasons why the meltdown occurred. If you Understand Why… Continue reading The Financial Meltdown was Avoidable – What is Capitalism?
The Sheer Size of the Fiscal Bailouts Prevents Observers from Understanding What is Happening
Follow the Historical Cycles There have always been cycles and there always will be cycles unless new massive regulation takes over that moderates the ability of Wall St, or the NEW Wall Street (wherever that may be) from making money. Essentially the money traders find a new thing to trade or to promote and they… Continue reading The Sheer Size of the Fiscal Bailouts Prevents Observers from Understanding What is Happening
The Morality of Financial Crimes
A Complete Lack of Social Conscience The world suffered a tremendous shock in 2008 and 2009. Greedy and unconscionable financial industry executives did what they always do. They stole as much money from the unsuspecting as they could, and they paid zero attention to the effect of this theft on the societies that allowed them… Continue reading The Morality of Financial Crimes