Financial policy council Blog
Is Greed “Good” Or The “Root of All Evil” ?
The father of modern economics (Adam Smith), Ronald Reagan, economists Milton Friedman, Wall Street titan Ivan Boesky and students who take economics classes all say that greed is good. Certainly, the Soviet – or post office worker – mentality of not working very hard because you won’t get more money for it stifles productivity and innovation.
And while socialism, communism or other “isms” might look okay on paper, corruption at the top leads to nightmares like Stalinist Russia or Nazi Germany.
On the other hand, the Bible says:
The love of money is a root of all kinds of evil.....And it is easier for a camel to go through the eye of a needle than for a rich man to enter the kingdom of God.
And some have interpreted the following Biblical passages from Acts 2:42-47 and 4:32-35 as promoting socialism: All the believers were together and had everything in common. They sold property and possessions to give to anyone who had need.
No one claimed that any of their possessions was their own, but they shared everything they had.
For from time to time those who owned land or houses sold them, brought the money from the sales and put it at the apostles’ feet, and it was distributed to anyone who had need.
And religious leaders are slamming bankers for acting without morality.
So who’s right?
The more important question is whether we will stand idly by, fiddling with our gadgets, tweeting about Honey Boo Boo, or will we regain our sense of duty to the future generations of this country. The manipulators are powerful, rich, connected and FEW. Those being manipulated, controlled, and abused are MANY. There will be a revolution in this country whether you like it or not. The existing social order will dissolve during the next fifteen years. What replaces it is up to us. George Carlin described what our owners want.
“Politicians are put there to give you that idea that you have freedom of choice. You don’t. You have no choice. You have owners. They own you. They own everything. They own all the important land, they own and control the corporations, and they’ve long since bought and paid for the Senate, the Congress, the State Houses, and the City Halls. They’ve got the judges in their back pockets. And they own all the big media companies so they control just about all the news and information you get to hear.
They’ve got you by the balls.
They spend billions of dollars every year lobbying to get what they want. Well, we know what they want; they want more for themselves and less for everybody else. But I’ll tell you what they don’t want—they don’t want a population of citizens capable of critical thinking. They don’t want well informed, well educated people capable of critical thinking. They’re not interested in that. That doesn’t help them. That’s against their interest.”
What do “We the People” want?
Share your thoughts
Thanks,
Ziad Abdelnour
The father of modern economics (Adam Smith), Ronald Reagan, economists Milton Friedman, Wall Street titan Ivan Boesky and students who take economics classes all say that greed is good. Certainly, the Soviet – or post office worker – mentality of not working very hard because you won’t get more money for it stifles productivity and innovation.
And while socialism, communism or other “isms” might look okay on paper, corruption at the top leads to nightmares like Stalinist Russia or Nazi Germany.
On the other hand, the Bible says:
The love of money is a root of all kinds of evil.....And it is easier for a camel to go through the eye of a needle than for a rich man to enter the kingdom of God.
And some have interpreted the following Biblical passages from Acts 2:42-47 and 4:32-35 as promoting socialism: All the believers were together and had everything in common. They sold property and possessions to give to anyone who had need.
No one claimed that any of their possessions was their own, but they shared everything they had.
For from time to time those who owned land or houses sold them, brought the money from the sales and put it at the apostles’ feet, and it was distributed to anyone who had need.
And religious leaders are slamming bankers for acting without morality.
So who’s right?
The more important question is whether we will stand idly by, fiddling with our gadgets, tweeting about Honey Boo Boo, or will we regain our sense of duty to the future generations of this country. The manipulators are powerful, rich, connected and FEW. Those being manipulated, controlled, and abused are MANY. There will be a revolution in this country whether you like it or not. The existing social order will dissolve during the next fifteen years. What replaces it is up to us. George Carlin described what our owners want.
“Politicians are put there to give you that idea that you have freedom of choice. You don’t. You have no choice. You have owners. They own you. They own everything. They own all the important land, they own and control the corporations, and they’ve long since bought and paid for the Senate, the Congress, the State Houses, and the City Halls. They’ve got the judges in their back pockets. And they own all the big media companies so they control just about all the news and information you get to hear.
They’ve got you by the balls.
They spend billions of dollars every year lobbying to get what they want. Well, we know what they want; they want more for themselves and less for everybody else. But I’ll tell you what they don’t want—they don’t want a population of citizens capable of critical thinking. They don’t want well informed, well educated people capable of critical thinking. They’re not interested in that. That doesn’t help them. That’s against their interest.”
What do “We the People” want?
Share your thoughts
Thanks,
Ziad Abdelnour
How Do You Turn Billion-Dollar Ideas into Billion-Dollar Businesses?
I believe the first essential for turning a billion-dollar idea into a billion-dollar business begins with creating and sustaining a breakthrough value proposition. This means distilling the authentic vision of the company into a statement that differentiates your product or service from the competition in such an effective way that it becomes your identifying theme. It must instantly transmit the value you bring to the marketplace to your existing and potential clients. It defines your brand’s unique differentiators and potential.
The second essential element is being able to exploit a high growth market segment. It doesn’t do you much good if you have an idea for the greatest corset cinching machine ever conceived. There is simply no market for the product.
Third, it helps if you have “star” customers who are going to contribute to revenue generation. This is due to the fact that either they are trendsetters and will have many followers or they are centers of influence and will serve as word-of-mouth evangelists for your product or service. Remember Joe Girard’s Rule of 250: people tell 250 other people about a product or service that they have purchased, whether it is a good experience or a bad one.
Fourth is to leverage “big brother” alliances for breaking into new markets. If someone you know and have some affinity with has already blazed the trail into a market that you have targeted, make them an affiliate or do a joint venture with them. There is nothing wrong about piggybacking off of someone else’s hard work and success as long as you make it a win-win proposition for all involved.
Fifth, become the master of exponential returns. If your costs are $1 and you can easily sell your product for $4, see if you can market it as a perceived value at $10 or $15. It is often how you market a product that determines sales volume more than the actual merits of the product itself.
The sixth element to turning your billion-dollar idea into a billion-dollar business is to back an “inside-outside leadership” management team. This means that the people who run the company not only have the education and experience to be effective managers, but they also possess the integrity, character, and values to be inspiring leaders. It is not easy to get to the top of the mountain, and you can’t do it by pulling or pushing your team. They have to be willing to follow you.
Finally, put together a board comprised of real experts who have wisdom gained through experience and networks that can lead you to sources you never knew existed. Surround yourself with people who inspire, challenge, and motivate you to reach farther and try harder than you thought possible. These are the counselors who will guide you to the most satisfying success.
These are the ideas that have become pretty much the driving force in building our portfolio of clients at Blackhawk Partners. They are the framework that I try to instill in every person or group I back.
Share your thoughts
Thanks
Ziad K Abdelnour
I believe the first essential for turning a billion-dollar idea into a billion-dollar business begins with creating and sustaining a breakthrough value proposition. This means distilling the authentic vision of the company into a statement that differentiates your product or service from the competition in such an effective way that it becomes your identifying theme. It must instantly transmit the value you bring to the marketplace to your existing and potential clients. It defines your brand’s unique differentiators and potential.
The second essential element is being able to exploit a high growth market segment. It doesn’t do you much good if you have an idea for the greatest corset cinching machine ever conceived. There is simply no market for the product.
Third, it helps if you have “star” customers who are going to contribute to revenue generation. This is due to the fact that either they are trendsetters and will have many followers or they are centers of influence and will serve as word-of-mouth evangelists for your product or service. Remember Joe Girard’s Rule of 250: people tell 250 other people about a product or service that they have purchased, whether it is a good experience or a bad one.
Fourth is to leverage “big brother” alliances for breaking into new markets. If someone you know and have some affinity with has already blazed the trail into a market that you have targeted, make them an affiliate or do a joint venture with them. There is nothing wrong about piggybacking off of someone else’s hard work and success as long as you make it a win-win proposition for all involved.
Fifth, become the master of exponential returns. If your costs are $1 and you can easily sell your product for $4, see if you can market it as a perceived value at $10 or $15. It is often how you market a product that determines sales volume more than the actual merits of the product itself.
The sixth element to turning your billion-dollar idea into a billion-dollar business is to back an “inside-outside leadership” management team. This means that the people who run the company not only have the education and experience to be effective managers, but they also possess the integrity, character, and values to be inspiring leaders. It is not easy to get to the top of the mountain, and you can’t do it by pulling or pushing your team. They have to be willing to follow you.
Finally, put together a board comprised of real experts who have wisdom gained through experience and networks that can lead you to sources you never knew existed. Surround yourself with people who inspire, challenge, and motivate you to reach farther and try harder than you thought possible. These are the counselors who will guide you to the most satisfying success.
These are the ideas that have become pretty much the driving force in building our portfolio of clients at Blackhawk Partners. They are the framework that I try to instill in every person or group I back.
Share your thoughts
Thanks
Ziad K Abdelnour
Economic Warfare - Secrets of Wealth Creation in the Age of Welfare Politic by Ziad Abdelnour
New insights for investors and business people looking to create wealth in the turbulent post-crisis world In a no holds barred expose of the 2008 financial meltdown from the inside, Ziad K Abdelnour argues that the political and financial elites have done nothing to fix the structural problems and instead have worsened the situation. By creating more market bubbles, they are actually waging a war on the most productive members of society.
For investors, business people, and entrepreneurs that need to navigate the troubled geopolitical waters of the post-crisis world, Abdelnour offers several solutions, including looking at the world anew and understanding that the federal government's primary objective is to promote the creation of an environment conducive to the creation of wealth not job creation, not bailouts, not subsidies, not expansion of the federal bureaucracy, and not providing lifetime support to those who choose not to take advantage of the innumerable opportunities that exist in this nation for them to create a better, more productive life for themselves.
Compelling and persuasive, Economic Warfare reveals that wealth can be created in the new, post-crisis world, but investors need to understand that the rules of the game have changed.
New insights for investors and business people looking to create wealth in the turbulent post-crisis world In a no holds barred expose of the 2008 financial meltdown from the inside, Ziad K Abdelnour argues that the political and financial elites have done nothing to fix the structural problems and instead have worsened the situation. By creating more market bubbles, they are actually waging a war on the most productive members of society.
For investors, business people, and entrepreneurs that need to navigate the troubled geopolitical waters of the post-crisis world, Abdelnour offers several solutions, including looking at the world anew and understanding that the federal government's primary objective is to promote the creation of an environment conducive to the creation of wealth not job creation, not bailouts, not subsidies, not expansion of the federal bureaucracy, and not providing lifetime support to those who choose not to take advantage of the innumerable opportunities that exist in this nation for them to create a better, more productive life for themselves.
- Written for investors that need to navigate the troubled geopolitical waters of the post-crisis world
- Offers "out of the box" investment tactics and strategies to outsmart the system
- Describes political and business solutions that anyone can engage in to restore freedom and prosperity
Compelling and persuasive, Economic Warfare reveals that wealth can be created in the new, post-crisis world, but investors need to understand that the rules of the game have changed.