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%.

Volcker's Wake Up Call: Spread the Word

Americans have loss their rational mind. The first thing that has happened is that they have forgotten the purpose of money. Money is not an end in it self, its a means to an end. Money was created to facilitate trade. It is by trading that people acquire the THINGS needed to SUSTAIN LIFE. Money came into being because it was difficult to make change for a goat. Imagine the farmer going to the farm store to buy animal feed with a goat as currency. His goat is worth $100 but all he needs is $40 worth of feed. Change would be a problem. That is why money was created as a medium of exchange. Money cant be eaten and it cannot comfort or cure. In the absence of the things that money buys, money is useless. Ask the people of Zimbabwe if that is not so? The people on Wall Street is firmly of the view that what matters is the making of money. So they are busy using money to make money. That's why they put their faith into currency and stock trading and commodity speculation. They can't be bother with the financing of the making of things. That is why ENRON bought power plants and close them so that the price of energy was higher. Because all that mattered was the making of money.

American people it is this thinking why your family income is falling and why life is getting harder. Why the most powerful people on earth don't exercise their power. CLOSE ACCOUNTS at banks that are refusing to lend and OPEN ACCOUNTS with banks that are lending. Talk to the GREEDY BASTARDS in the only language they understand - MONEY. MOVE YOUR MONEY. Stop chasing high yields. High yields are never ATTAINED but the pursuit of it is IMPOVERISHING you. Americans take back your country! When financial institutions come bragging about how much THEY make and how much BONUS they are going to pay a FEW of their top guys ask yourselves the simple question so how much I make? Start the BOYCOTT of GREEDY BANKS NOW!!

The Global Oil Scam: 50 Times Bigger than Madoff

I am a Jamaican living in Canada and I knew that all along. Why you Americans continue to take that crap only God knows. There is this crazy belief that people must be free to make money - without making things. Oil speculation is the perfect way to do that. Those who think that this is a clever way to create wealth is in for a rude awakening. It won't be long before America becomes a third world country with a couple thousand billionaires and couple hundred millions of paupers. Continue on your merry way keep making money without making things. You will get incredibly wealthy soon!

Read more about this at my blog: dhfken-lifeinsuranceco...

Where's the Outrage at the Banks?

The American people are a puzzle to me. I cannot understand how the kind of people I see on the "Tea Party Tours" and showing outrage at the Town Hall meetings on healthcare sit and take this crap. I understand your belief in the free market. But a "Market" is a place where "THINGS" are sold. America has desended in to "FREE RIPOFF" where the players who can concoct the biggest scams get the biggest bonus. Moving against this activity is NOT a move against the free market.

The current financial crisis steming from subprime mortgages has two main factors as the cause. The provision of mortgages without any regard for what the market required or what the market could bare. There is this asinine thinking that once money is being made then someone must being doing something right. (The Taliban is making billions from heorin need I say more?) The making of money cannot be the be all and the end all of economic activity. There is something call sustainability.

The next and most significant thing is asking people who can LEAST afford it to pay MORE. This is where the world need to change its thinking. How can a credit granting institution look at a man who is doing two jobs and can barely afford a mortgage and ask him to pay higher interest? Arguing that he is a higher risk and therefore has to pay more is silly. Asking a man who can barely afford it to pay more is not a smart way to manage risk. This only put pressure on the man and a self fulfilling prophecy occurs as indeed it did! The smarter thing to do is to restrict the pool of loanable funds to these type of borrowers and let them pay less and more affordable rates. The punishment for having bad credit or limited means is limited supply of loan. Once the fund for this type of loan is exhausted applicants in this category would then have to wait until there is room. That would be punishment enough and a disincentive for bad credit. This approach would have prevented the ironic and idiotic practice of selling subprime mortgage backed securities as "high yielding investments".

Jim Rogers on the Next 10 Years

The important thing to note is that China MAKE THINGS! They are not focused on the making of money by the manipulation of PAPER. Their stock market is less than 10 years old. And yes they are savers. America used to save but since their head over heels love for TERM life insurance they are unable to. Studies I have done shows that CASH VALUE life insurance is what cause prosperity. It made Britain great and caused them to replace the Ottoman Empire. It was Americas leading purchase of life insurance that cause them to surpass Britain and which made them great. Life insurance companies mobilized savings and invested it WISELY in things like the Rail Road System, Power Generation, The Farm system. Even computers was made possible by the financing Prudential of America gave to IBM to develope computer.

The problem with America is that it does not know from whence it came. They do not know what caused their wealth. And today their best and brighest is spending all their efforts trying to create wealth out of thin air through the manipulation of paper. They waste time with the creation of crap like SPIDERS, ETF, DERIVITIVES and all kind of other paper concoction which does not cause another blade of grass to grow anywhere.
America is to get back to basics. Mobelize MONEY to MAKE THINGS (not money) MAKE THINGS and money will come.

Boeing: Dreamliner Delays Are a Gift

This is poetic justic. I hope they lose thir shirts. This outsourcing nonse is gone too far. If Americans cant mak aeroplanes, what can they make?

Hedge Fund News Summary, September 2009

Hedge Funds should be OUTLAWED. They are part of the problem causing America to decline. With their help America will become a Third World country sooner rather than later. They encourage the hype and the hope of people getting more. But what do they do for people to get more? Speculate in oil? Their speculation in oil has caused the loss of hundred of thousands of jobs. It was oil speculation that impaired GM and Chrysler finances forcing them to lay off thousands of workers. It has placed enormous pressure on the airline industry forcing cut in employment and those who remain employed to be getting close to minimum wages. When they are not speculating in oil they are moving money here there and every where. Hot money generated by hedge funds cannot be used to make things. All they try to make is money but what they have acheive is the destruction of capital, If you were to add up the amount that was lost by Long Term Capital, Bernard Madoff and the score of funds which went bust recently you will find that they destroyed MORE capital than they made. Their contribution to society for their effort of the destruction of capital is the creation of a world where job is lost labour is cheap and the future is unsure.

Americans come to your senses. Stop this relentless persuit of high yields. High yields is never attained but the persuit of it hurts more than it helps.

Defending the 'Most Dangerous ETFs': A Response to Don Dion

I do not need to grasp this. This kind of thinking has done enough harm it is totally discredited. You guys on Wall Street need to mobilize money to make THINGS. All you want to make is money. That is why America is in decline.
It is time those money managers with TRILLIONS of dollars start figuring out how to use the money to MAKE THINGS instead of concocting paper. Wealth cannot be created on paper or from thin air. But we all know that these practices can DESTROY wealth.


On Sep 26 12:37 PM Indexor wrote:

> Dorlan H. Francis:
>
> Your socialist Obama/Pelosi agenda is showing. You may want to continue
> selling life insurance and refrain from dabbling in the securities
> business until you have a firmer grasp.

Japan: Possible Culprit to Drive U.S. Interest Rates Higher

Why do you refer to these countries as "culprits"? You should be grateful to them for taking on what the Americans refuse to do. The key to savings is CASH VALUE life insurance. You Americans look on this with scorn. On the advice of people who peddle soft solusions like Dave Ramsey, Suze Orman, Clark Howard and all the other advocates of TERM LIFE INSURANCE Americans have been saving less and less. The little that is saved is placed in Hedge Funds and Mutual Funds. These institutions believe that the return on Treasury Bills are too small. So they rather speculate in oil. Driving up the price of oil while driving people out of work - GM, Chrysler and airline workers.

Japan and China have to come in where Americans fail to thred. Americans money must chase high yields while some other idiot must provide the savings to fund job growth and Your Government activities. Japan is now second to China in the purchase of Treasury Bills not because their people are getting old, which they are, but they are savings less because America's assinine idea of buying TERM LIFE INSURANCE has found its way to Japan. Up to 1994 only 8% of policy sold in Japan was Term. Last year 16% was Term. A 100% increase in the sale of Term. As Term sale increase, savings rate falls. Just as it did in the US. In 1981 the US was creditor to the world. Then 23% of policy sold was Term. The US is now the largest debtor nation in history. Last year 41% (mind boggling #) of policies sold was Term and their savings rate was negative. Writers like you should be less focus on how to satisify greed and try and find out how a country could be a net creditor in 1981 and by 2009 is the worlds largest debtor. You can star by reading my book LIFE INSURANCE - The Cause Of Economic Prosperity by Dorlan H. Francis available at xlibris and most online bookstores. You may also see my blog:
dhfken-lifeinsuranceco...

Defending the 'Most Dangerous ETFs': A Response to Don Dion

ETFs are just another concoction just like the Credit Default Swaps and the Mortgage Backed Securities which nearly ruin the world.

These are just done so that the CREATORS of these products have another source for FEES. These do nothing for the building of wealth for individuals. And rightly so because if wealth can be created without the MAKING OF THINGS then we will soon become a WORLD of STARVING BILLIONAIRES

Dorlan H. Francis

Five Reasons the Market Could Crash This Fall

I am starting to wonder how real great are Americans. I used to be a great admirer of Americans. But now all I see is a set of people who say any nonsense to get press or TV coverage. All I see is a host of false prophets hoping to make a profit!

Now can someone please tell me why this man is CHASING THE DARK CLOUDS BEHIND THE SILVER LINING?

Yes the market is going to crash ......... some day.
We all are going to die .... some day. Why not live until we die?

Cash for Clunkers May Cost Up to $45,354 Per Vehicle

Americans are always complaining about COST. This is real WHINING. Everything is the cost the cost the cost. Get real people. You have something called LIFE, precious life. There is a price for living.

It is because BUSH cut taxes TWICE why the country is now wallowing in debt and is on the verge of having your currency replaced as the worlds reserve currency. It is because you have become such penny pincher's why you have fallen for the asinine crap of buying TERM LIFE INSURANCE which is making you all poorer. Read my book LIFE INSURANCE - The Cause Of Economic Prosperity and see for yourself xlibris.com

Americans get back to paying fair and reasonable price for living. Stop this unrelenting quest for cheapness and stop the whining about prices and the cost of things

Why Economic Dogma Threatens Our Future Prosperity

This is one of the most rational arguments I have read. I agree with a lot of what you have to say. I don't give much credence to technical analysis. As far as I am concern technical analysis is a road map which shows from whence you came but not how to get anywhere in the future.

I am convinced that what drives markets are irrational people who are driven by greed and fear.

Adhering to dogmas has been and will be the downfall of any political system. It was the rigid constraints of socialism that caused it to fail. The rigid constraints of right wing capitalism will cause it to fail also. The development of mankind and nations is a dynamic process where the only constant is change. The secret of the success of Capitalist/Democratic countries is the system which allowed for change. And has Joseph Schumpter observed Capitalism allowed for a process of creative destruction. In other words under capitalism nothing stays the same always. And this applies to fiscal and monetary policies. Any dogma which only trumpet the cutting of taxes is bound to fail!

These right wing capitalist who put themselves out as leaders are really followers of people, who dont even know what is good for them. These leaders are enablers of individual destructive desires.

People more often than not do not know what is good for them. How many of us are happy when it rains or snows? We call that bad weather! But it is this bad weather which provides water which is the source for life. Without a constant dose of "bad weather" we would all be dead.It is the same emotion which cause people to call the source of life bad that influence peoples tax and investment policies.


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Oil's Gains Are Due to Fundamentals, Not Speculation

Sir in all due respect please shut your damn mouth. What was the fundamentals that brought oil prices down to $30 per barrel after the financial crash? And with the global economy still in decline what fundamental propelled the price to $72? The fundamental is the FEAR and GREED of speculators. It was fear that pushed it down to $30 and it was unjustified and unsubstantiated cause for greed that pushed it up to $72.

I have never heard of ANY end user of oil needing oil and had to out bid other people for it thereby pushing up prices. I have never heard any oil supplier complaining about the weakness of the US $ and thereby demand more for their oil. All these technical measures are just convenient tools used by the speculator to justify their speculative activity. Speculators are parasites! They want to reap where they did NOT sow. And they want to make money doing nothing. There should be a law which would make the making of money without the adding of value a CRIME similar to counterfeiting!