Dorlan H. Francis

Volcker's Wake Up Call: Spread the Word

The matrix used to measure prosperity is inadequate.While there may be GDP growth most times it is only just about 1% of the population enjoying all the growth. Why is family income in the US and Canada falling. Why people have LESS save now than in the past. WHERE IS THE PROSPERITY? In the hands of a FEW. That is what happens in a culture of high yields and high interest rates. Only NET SUPPLIERS of Money who prosper. Net suppliers of money are the lucky few who can buy a house or car cash and who can start a business without seeking a loan. There is TOO MUCH management of money. When money is managed it become expensive. Expensive money is anathema to economic prosperity.


On Dec 16 02:06 PM Bad Dog wrote:

> In 1970, the financial sector was responsible for 12% of GDP; now
> it's over 30%.