EXCERPT FROM WALL STREET. VERSES MAIN STREET
Economist Mr Ibo Richards was gracious enough to share a piece of his upcoming book WALL STREET VERSES MASIN STREET. This future number one seller has many aggravating points that show publicize the hypocrisy of the relationship between wealthy and less fortunate individuals in the US Economy. Here is what ECONOMIST MR IBO RICHARDS had to say. Critical thinking is the judge.
CHAPTER 5
WALL STREET VERSES MAIN STREET
......In the grand scheme of things, what if the banks didn't have access to the overwhelming supply of wealth that was created through investments. What is attempting to be said is that the amount of jobs loss was horrific this indeed did help surge and increase the amounts of foreclosures and increase poverty in the US Economy. If the 2008 debacle of the stock markets was mortgage backed based then why did all the job loss even occur? Innovation? Technology? Seventy percent of all Americans that lost their jobs possessed mortgages which turned into toxic asset which aggravated the mortgage crisis. Why did so many people lose their jobs at the same time? The companies many of them being classic Americans fortune five hundred companies who in fact dismissed millions of workers and displaced millions of families now openly admit and often brag that they have more cash on their balance sheets than ever.......
This information was taken by QBKR ASSOCIATION in coordination with IZ CORP WHITEPAPERS, QBKR NEWS STATION, WRITE ON, and GOSIP all members of the IZ CORP EXCHANGE INC.
The information retreived in this interview with ECONOMIST MR IBO RICHARDS are property of the book WALL STREET VERSES MAIN STREET.
Disclosure: The author is long DFS.
Additional disclosure: WALL STREET VERSES MAIN STREET shows insight on why the US Economy is still by far the best place to invest despite the things that happen in light of the the 2008 stock market crash.
