Finance banking

Submitted by admin on Wed, 2009/01/07 - 4:31pm

Seems to me we have lost the argument in countless occasions yet the world has proven it is correct, financial banking institutions are not wealth creators but the opposite as they channel good money to this out of reality phoney economy.

A good argument against all this financial magic would be to discuss specially the role of credit agencies which rate companies and they are not independent and of course the service provided by insurers like AIG and the lot that do guarantee a financial service without putting money aside to back their word, opening the door for infinite insurance when the company itself has finite resources for example.

All in all, let's be clear, the way our fathers built wealth is the only way you can create wealth, the rest is just borrowing money from the future.

Finance banking
Your rating: None Average: 5 (1 vote)