Burnt Tomato? Let’s Make Ketchup
The story of how ketchup came to be is part of the American Lexicon. It goes something like this. Whilst making tomato sauce the chefs burnt the sauce. In their machinations to save the sauce ketchup was born. Please bear with me. I hear many comparisons between the Great Depression and what is happening today. It seems the world bankers and their governments have gotten together and are making bold moves. This they hope will show their unity and pro-active stance in regards to this burnt financial market. They are pumping money into their banks, propping up the markets, adding more fuel to get the engine to turn over. Will this birth ketchup for them? I don’t think so.
Here is why. They aren’t putting the money where it will make a difference. The reason for failure of the financial markets is directly related to the inability of the customer to pay for their notes. The customers ability to pay for these notes are directly related to their ability to earn an income. The ability to earn income is directly related to their ability to have jobs. Jobs availability is directly related to state of Industries. Industry ability to flourish is directly related to the goods and services it sells. Their ability to sell goods and services that the market wants is directly related to the quality of innovation. Innovation is the result of great R&D. Great R&D is achieved in well funded facilities staffed with researchers. Great researchers and scientist come form good schools. To fill these schools you need students. Students need money to go to school. To get money they need to get loans or have their parents shell it out. For their parents to have the money they must have jobs, well we know how it goes from this point on. So here we are we have found the point where the money has to be put to achieve great result. In education. But all the Fed is doing is adding more money into the hands of those who can’t collect the notes. This is going to do what? Help them to put their lousy notes out again. Nah!… That’s not going to go well with fries. Now what college kid doesn’t like fries.
Filed under: Humor, Uncategorized
