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Showing posts with the label finance

Managing a free market is expensive.

Billion Dollar Whale (2018) Authors: Tom Wright & Bradley Hope The world has all the resources to feed Man but not his greed. Going through the book, it is evident that the world only caters for the high-heeled.  Try borrowing a couple hundreds of bucks from a banking institution or transfer some money. The paperwork and the confusing legalese jargon that one has to go through would make the borrower feel like a criminal. All these formalities remain so, formalities, when it comes to the megarich. Rules are purposely made to rein and ruin the poor.  Money flows seamlessly from the rich to the rich, across borders and without sureties. Compliance procedures are ignored. Standard practices take a back seat. The hidden forces from unknown places show their presence. The rest of the public, being oblivious or choosing to stay ignorant just join the gravy train. The whole establishment seems aware of everybody's misconduct around the world. Adequate ...

A monster too big to leash?

The Creature from Jekyll Island (1994) Author: G. Edward Griffin No, this is not some kind of sci-fiction about a radioactive exposed and mutated creature that lurks in the vicinity of Jekyll Island. This book is, of the non-fiction variety, and it talks about our banking system. In fact, it tells of the devious manner that it operates. It was on this island that the monster called Federal Reserve System was created. Jekyll Island is a real island off the coast of Georgia. In 1910, a group of seven individuals of politicians and bankers gathered in a holiday resort to discuss the future of banking in America. Together, they possessed a quarter of the world's wealth then. Earlier, at the beginning of the century, Americans had become wary of their banking system and did not trust bankers to handle their money. The purpose of this extremely secret meeting was to create the blueprint of the Federal Reserve System. Note the absence of bank in its name and the authentic sound of ...

The play maker's autobiography

The Sea and the Hills  The Life of Hussain Najadi (An Autobiography; 2012) He survived the feared Bahraini intelligence who worked under the hawkish eyes of their British colonial masters as he stirred his leftist ideas after the Algiers uprising through his rebel movement at the age of 16. The Bedouin travellers took a special liking to his as he escaped to Beirut through the mirage inducing hostile environment of the Arabic desert and its scorching heat. Somehow he even escaped the infamous Iranian SAVAK police. The storm aboard the vessel along the Mediterranean Seas did not dampen his spirits. By twist of fate he missed an ill-fated Swiss flight which crashed soon after take-off. And he averted an invitation aboard a Filipino flight which later crashed. He even survived an automobile accident on the notorious Malaysian highways. To cap it all, he even endured 8 years of imprisonment in a Bahraini prison after incurring the wrath of its royalty. He raised the ladder of...

Capitalism the new religion?

Everybody wants to change everything! Not everything changes for the better for everyone! Just a century ago, life was simple. When things became complicated and hard to deal with, help usually came from the community. Various strata of people from the society with various expertise came forth to offer would contribute their 2 cents worth to solve it. Slowly when problems became more abstract and less tangible, the snake oil salesmen and religious men filled in the gap. When diseases were considered incurable and terminal, people started looking at it as God-sent to punish the non believers and those who strayed from the true teachings. Paradoxically, these ostracised victims were cared for individuals who had surrounded all their worldly freedom in the way of the Lord. These God's men even went as far as to educate natives to the marvel of culture of the Western civilisation with the fringe benefit of the words of the Lord thrown in for good measure. It was a time wh...