Category: Education

How can America prevent future financial crises like the current one in the housing market, the dot com bust and the big crash in 1987?

The solution is simple, requires no government regulation and is virtually foolproof: Make company leaders personally financially liable to shareholders for the performance of their companies.

Corporate bureacrats will scream bloody murder at this suggestion, but true entrepreneurs and business leaders will appreciate the straightforward incentive to carefully manage risk.‚ … read more “How to Prevent Future Financial Crises”

A brief discussion of importing and selling products online. The video goes over how I have solved some importing problems and my experiments in importing & selling products.

… read more “Importing Products & Selling Products Online”

A Ponzi scheme is an illegal scam that operates by paying old investors with new investors money, until the scheme opera

tor runs out of new investors/victims.‚  Bernard Madoff, a hedge fund operator, recently was discovered to have been running the largest Ponzi scheme anyone has yet been arrested for, allegedly stealing $50 billion from his investors.‚ … read more “Social Security: Giant Ponzi Scheme”

Funny video of Hitler losing his house because he had a “liar’s loan” below.

… read more “Funny Video of Hitler Getting Hit By Housing Bubble Collapse”

Consumer credit card debt is going to be the next big area for massive banking problems.‚  The economic downturn is pushing unemployment rates up and many of these people who have lost their jobs will start having difficulties meeting their minimum credit card payments and will default.‚  Of course, banks charge such ridiculously high interest rates on credit card debt that they may be able to make money even with extremely high default rates.‚ … read more “Consumer Credit Card Debt”

I am currently working to learn the programming language C#.‚  It’s really interesting.‚  I never thought that I would like computer programming, but now that I see some immediate uses for it I am excited to learn more.

Actually, C# is a prerequisite for the Advanced Web Application Development class I have… but I just am trying to learn it as I go.‚ … read more “C#”

Are short sellers the cause of all the turmoil in the financial markets recently?‚  Did short sellers bring about the crash of the stock market?‚  Did short sellers cause Lehman Brothers to go bankrupt?‚  Were short sellers behind taxpayers being forced to spend $700 billion to help out fat cats on Wall Street?
Of course not.… read more “Short Sellers: Kill the Messenger!”

Henry Paulson and his socialist cronies at the Federal Reserve are continuing their plan to take over the world by now trying to put even more US taxpayer money at risk. The Fed claimed that getting more than $700 billion to bailout banks would save the market and that has now turned out to be a lie and the markets have continued to crash.… read more “Federal Reserve Plans to Buy Unsecured Short-Term Debt”

People have been trying to figure out what led to the recent financial collapse and have come up with a variety of reasons:‚  some say it is due to Americans taking too much risk, or deregulation, or Wall Street’s greed, or the Bush Administration and so on.‚  Most of these people are wrong.

What caused the financial collapse was a combination of a lack of shareholders power due to corrupt boards of directors, partial deregulation, reregulation, “moral hazard” and lazy people.‚ … read more “What Caused The Financial Collapse?”

The federal government has seized Washington Mutual and sold it to JP Morgan.‚  Shareholders and bondholders will get nothing.‚  I agree with the federal government’s action here because it is not sticking the taxpayer with the bill.‚  Essentially, Washington Mutual was bankrupt and about to become a liability on the FDIC (which after IndyMac didn’t have the cash to pay depositors), so the federal regulators took it over Thursday night.‚ … read more “Washington Mutual Seized”