Monday, May 30, 2011

College Conspiracy

Last night i watched a video on Youtube called College Conspiracy. It is very interesting and i would like for you to comment and tell me what you think about college itself and if you believe the video is true or not.

Saturday, May 28, 2011

China is the largest foreign debt holder

               The united states owes china 900 billion dollers. This is a substantial amount of money to owe another goverment. Many people these still think that america is driving the car in this world but really this definetly is not true. Honestly I do not know how the united states of america is going to pay off the large amount back to china. One possible solution is too stop giving nations large sums of money. America is always giving and never wants to think of the problem they are in, we are in a 14 trillion doller debt and some how we still find time to give other countries money that we dont have. This is very puzzling to me and i would like you readers to comment about this issue.

Friday, May 27, 2011

Bernie Madoff The Swindler

               It has been referred to as the worst scandal the world has ever seen in the world of finance.  While that type of language is hyperbolic at best, there can be no denying that the world was sorely shaken when Bernie Madoff was revealed to be nothing more than a financial criminal.  He had been one of the most respected investors up to that point and now at the height of the modern financial crisis of our time this supposed rock in the storm was nothing more than another person that had been dishonest and ended up paying the price for it.
               From the 1970s right on through to 2008, Bernie Madoff was certainly responsible for making some of his clients money.  However, as will become apparent later on in this discussion, that money was not made honestly.  It was essentially part of one of the largest Ponzi operations if not the largest one that the world has ever seen.  During this period of time however, he was certainly viewed with a mixture of awe and envy depending on the specific person that you talked to.