Most economical crisis in the US is related to Wall Street and investment firms controlled and manipulated by a small vested interest group from the North East; New York.
A very large country like USA with 5 time zones, enormous wealth and trust in God policy can leads any crooks to influence anything and get away with it. As always investors and US government was victim of the greed and inefficiency of companies such as Enron, Anderson, Fannie Mac, Freddie Mac, American International Group (AIG), Merrill Lynch and the list goes on. American public is now penalized with a trillion plus dollar debt.
Americans (general public) must think about how to prevent a total loss effecting the entire population and liability to the US government in general. The resources of the government should not be channeled to certain areas to benefit some who mismanaged the nation's wealth and economy. No matter how you fix it, some in congress will always create a loophole for the special interest group to make it easy to loot and invest in a third world economy. This must stop.
In my opinion we can reduce the risk and eliminate total breakdown of the economy by dividing the financial operational structure in to two zones. The management of all major banks, investment firms, Insurance companies, real estate investors and financial institutions must be divided in to two. Our nation's economy should not be controlled by manipulators of the Wall Street and speculators from the New York City. Perhaps we need a similar stock exchange in the pacific region free from the control of any of the present economical Guru's. Perhaps United States needs two treasury secretaries, one for each zone; Atlantic and Pacific. The US President must eliminate political interest with in the nation and oversea the welfare of all.
Economist must find a way to restructure our financial systems. We need two financial as well as economical zones to protect our national wealth and save our people from losing their life savings and end up in borrowing.
These zones must act independently and should not carry the burdens of each other. Most financial products are designed to generate more debt to the working class and poor and it is approved by the congress. ??
Government must come up with a solid economic growth plan for the nation. To insure better and truthful management, most of our financial structures have to be divided in to two zones. This action will strengthen our economy, reduce risk in to half or none and also leads to create millions of new jobs in the financial sector.
An Economic zone such as an “Atlantic Zone” consisting eastern and central regions of the US and Pacific Zone consisting Mountain and Pacific regions of the US may be a choice to consider. All of our foreign investment and marketing operations must be kept away from the domestic operations and accounted separate. Russia, China and India may soon have to follow the multi economic zone system to protect its economy and financial stability.
For many years we learned to diversify our investments and diversify cultivation of crops to minimize loss and achieve better yield. It is time for giant investment firms and corporations to diversify their operations to minimize mismanagement, loss and greed. There must be a ceiling in pay and benefits to CEO's. If the company is in loss the CEO's should not be paid any premium to make them rich and the investors poor. If a financial advisor cannot deliver what he/she is selling, the management fee must be reduced based on the losses one face because of the inefficiency and mismanagement of the financial advisor and his firm.
Today's global market is managed and controlled by wizards of prestigious management schools, and these institutions should restructure their curriculum and prepare a management team that serve the people's needs and interest first.
Countries also have to face another worldwide epidemic in the accounting practice. Truth in accounting no longer exists. Accounting data in the computer can be manipulated to mislead. It is a worldwide epidemic spearheaded by the trusted management community.
One may trust in God, not in today's most management Guru's. Let us pray for one nation and two economic zones for America.
