Printed money, Gloom to Doom February 18, 2009
Posted by Sunil Malhotra in Corruption, General, Global Economy, Politics, Thought leadership.Tags: Capitalism, Global financial crisis, global meltdown, gold standard, Marketeering, Materialism, monopoly, Political leadership, reserves, Society and Culture, World War II
12 comments
First we go throw money at the financial crisis and then when we run out of it, we print some more. Great idea but who’re we trying to fool? We don’t need Nostradamus to tell us that, do we?
Orrin Woodward (celebrated Author of Launching a Leadership Revolution) wrote this on his blog yesterday …
Today, with a heavy heart, I will share breaking news on the immoral monetary activity of the Federal Reserve. Money supply must be tied to economic output of a country or the printed money is merely paper only good for starting fires. …
… I am an American patriot and very proud to be called an American. Today is the saddest day for me as an American. The following graph clearly displays that America has chosen to inflate its money supply without real wealth to back the paper money and money credits. This is immoral in the highest degree. This is no different than if I owed someone a million dollars and I only had one hundred dollars so I handed him Monopoly money and told him that it was legal tender. Money should be like a promissory note and that is the true origin of paper money – a promised note to redeem the above legal tender with gold at the owner’s discretion. This is no longer the case and has proven to be to great a temptation in the hands of our quick fix political leadership. (more…)
Innovation 101: Throw money at the financial crisis? February 12, 2009
Posted by Sunil Malhotra in Corporate terrorism, Corruption, Global Economy, Illusions, Innovation 101, Leadership, Wisdom of the leaders.Tags: bailout packages, Benjamin Franklin, global meltdown, Globalization, Innovation 101, Mark Twain, ostrich syndrome, Slumdog Millionaire, Society and Culture, Thought leadership, Western Thought
4 comments
I’m pushing 50 and I always thought my general knowledge was passable. Until I watched Slumdog Millionaire and found out that it wasn’t George Washington’s mug on a $100 bill but Benjamin Franklin’s. Strange coincidence and somewhat evangelistic that he was the one who said
He that is of the opinion money will do everything may well be suspected of doing everything for money. - Benjamin Franklin
So what’s America trying to do to quell the current storm that doesn’t want to go away. Allegation or not, the only course that seemed to come to you was to throw money at the crisis. How smart is that? Doesn’t surprise anyone outside the US but you are taken by surprise when the bailout money gets generously distributed against ‘bonuses payable’ among the very people that caused the crisis to happen. (more…)



When I coined the phrase “Heart Capital” a few years ago, I didn’t recognise it’s prophetic undertones. Here’s a ![Reblog this post [with Zemanta]](http://img.zemanta.com/reblog_e.png?x-id=ae589b1b-0d1e-426d-bc92-baa8b14553dc)

