Les Leopold : The Financial Sector is entirely on Welfare
Wall Street does not have to invest in the economy to make profit , Wall Street have made 70% of their profits this year through what is called proprietary trading , going in and out of the market at very high speed , making all kind of dubiouse bets in other words they are running an incredibly elaborate casino says author Les Leopold , "I do not think that's a real economic activity " with no job creation Les Leopold added , we need to put money in the hands of people so that they start spending and the economy will recover from there , this can be done either by the private or the public sector Les Leopold explains ..
Les Leopold is the author of "The Loathing of America "
The guy is right - and there will soon be another, ten times bigger "social security" package needed, for Wall as well as Main Street unless they give up, as the war cannot be one.
ReplyDeleteWhat a complete idiot.
ReplyDeleteWhat is going to make the economy work, is:
1) A local manufacturing capacity.
2) A Local population employed by the manufacturing capacity.
3) Exports of a local manufacturing capacity to tax.
4) Local consumers who buy local manufacturing capacity to tax.
Everything this man wants can be obtained through the above 4 points, however, without the debt he wants that will enslave future generations.