We are going to take a moment to talk about the CPI. No, I do not mean the Consumer Price Index. I mean the Corruption Perceptions Index. The 2010 CPI measures the degree to which public sector corruption is perceived to exist in 178 countries around the world. It scores countries on a scale from 10 (very clean) to 0 (highly corrupt). The 2010 results are drawn from 13 surveys and assessments published between January 2009 and September 2010.
The major thing that I learned growing up is that every one has interest and their interest is number one on their agenda. As a result, I learned not to trust anyone to look after my interest.
There is no such thing as a "free press" because the press relies on the government and business to stay in business. Therefore, they must report events and give opinions that will not upset the status quo. They get the news and report the news from Business and Government Leaders. That is why you find out about the mess at City Hall, the State Capital, and Washington after it cannot be hidden any longer. Then it is usually to late to do anything about it before it affects you.
The major thing that I learned growing up is that every one has interest and their interest is number one on their agenda. As a result, I learned not to trust anyone to look after my interest.
There is no such thing as a "free press" because the press relies on the government and business to stay in business. Therefore, they must report events and give opinions that will not upset the status quo. They get the news and report the news from Business and Government Leaders. That is why you find out about the mess at City Hall, the State Capital, and Washington after it cannot be hidden any longer. Then it is usually to late to do anything about it before it affects you.
The same is true for financial experts that you may hire to look after your money. They must look after their interest first or they will not stay in business. As a result, they will place you in investments that will serve their interest and charge you for it instead of looking after your interest first. By the time you find out that we are in a financial bear market, you lost a large part of your IRA, Pension, or Savings. When you want to do something about your situation, the world's markets are already in a "free fall" and you cannot get your broker on the phone. If you have an online account, in such time as a public panic, you can't get into your online brokerage account.
Because of my mistrust in the system is why I have done well in financial markets while many of the people that I have worked with on the job over the years have lost a major part of their savings.
Because of my mistrust in the system is why I have done well in financial markets while many of the people that I have worked with on the job over the years have lost a major part of their savings.
If people can't trust the markets, no one is going to want to invest their money with them. If we do not have investment in new plants, equipment, and businesses, we will not have economic growth. If we do not have economic growth, we will not have jobs. So it is important that we have open markets around the world, trust in the system, and a high CPI.
http://www.transparency.org/policy_research/surveys_indices/cpi/2010/results
The Corruption Perceptions Index
With governments committing huge sums to tackle the world's most pressing problems, from the instability of financial markets to climate change and poverty, corruption remains an obstacle to achieving much needed progress. The 2010 Corruption Perceptions Index shows that nearly three quarters of the 178 countries in the index score below five, on a scale from 10 (highly clean) to 0 (highly corrupt). These results indicate a serious corruption problem throughout the world. To address these challenges, governments need to integrate anti-corruption measures in all spheres, from their responses to the financial crisis and climate change to commitments by the international community to eradicate poverty.
If you want to restore trust in financial markets, then the world must have transparency and accountability in financial markets. If you are an American Nationalist, you might say that the United States has its faults but it is the most trusted nation in the world. But if you go by the International Corruption Perceptions Index, the United States is ranked number 4 in the Americas. Canada, Barbados, and Chile are the top three. The United States is ranked number 22 in the world.
This is why people not only in this country but throughout the world are pulling money out of America’s Markets. This is why the stock market has been in trouble since the turn of the century.
Most people don't know the definition of corruption. Corruption is;
"Wrongdoing on the part of an authority or powerful party through means that are illegitimate, immoral, or incompatible with ethical standards. Corruption often results from patronage and is associated with bribery. " Here is the reason why I have no faith in solving this problem. The first question we have to ask ourselves is, "Whose ethical standards should we follow?" Just by asking this question, our troubles start here because everyone has there own idea of what ethical standards to follow.
"Wrongdoing on the part of an authority or powerful party through means that are illegitimate, immoral, or incompatible with ethical standards. Corruption often results from patronage and is associated with bribery. " Here is the reason why I have no faith in solving this problem. The first question we have to ask ourselves is, "Whose ethical standards should we follow?" Just by asking this question, our troubles start here because everyone has there own idea of what ethical standards to follow.
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