Category Archives: Phantom Wealth – is what Wall Street creates real wealth?

How we really measure wealth and what can we do locally to achieve it.

FDIC Proposes Seizing Deposits as Alternative to Taxpayer Bailout

Those of us following the news in Cyprus are probably all appalled by the seizure of customer deposits in order to save its banks. We have to ask ourselves: can that happen here? As it turns out, the FDIC actually … Continue reading

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To make organizations and institutions self-correcting, we need to affect the people in them

We are shouting out that “Corporations aren’t people!” but, as I pointed out in my “People are the organization” post, corporations are made up of people. If any actions we take to influence, channel or control organizations, including corporations, are … Continue reading

Posted in Flyinglow/Rick Robins, Foreclosure, Phantom Wealth – is what Wall Street creates real wealth?, Speculation – Good or Bad | Comments Off on To make organizations and institutions self-correcting, we need to affect the people in them

If we bailed out the banks, why not the states?

Note Rescue All States at top of pie chart * Assumes funding state budget shortfalls 2012/21013 – see graph below Since the recovery from the 2007 recession officially began in June 2009, private-sector jobs are up by 2.8 million, but … Continue reading

Posted in Education, Flyinglow/Rick Robins, Phantom Wealth – is what Wall Street creates real wealth?, Role of Government - National, State, Local, Trickle Down vs Flood-Up - Which economy really works? | Comments Off on If we bailed out the banks, why not the states?

We need self-correcting systems

Most of the abuses of the mortgage industry and bank foreclosures result because the originator of the mortgage sold their interest in it to another investor who is almost never local. Because they are not local, they have little risk … Continue reading

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Phantom Wealth – is what Wall Street creates real wealth?

Follow blog postings on this subject by subscribing. Many of the products that Wall Street creates are paper fabrications that do not have a positive impact on real people’s lives. How do we truly measure wealth? What is it we … Continue reading

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