Monday, July 18, 2011

The Two Italians Who Most Influenced the World


I hereby would like to give credit to where credit is most due. These two Italians were vilified during the times. Maybe it was because they held the "secrets" that would propel economics and governance. These unrecognized giants should have received Nobel prizes in their field. Sadly they each received ignominious endings.

Who could these two great Italians be? Why Ponzi and Mussolini of course! What you cry?! Well let's think about it outside of the historical box and move ourselves to the present and ask ourselves two serious questions:

1) What kind of governance system do we have?
2) What kind of economics and finance system do we have?

I suggest that when we understand Mussolini's fascist model of governance, and I quote wikipedia:

Mussolini was among the founders of Italian Fascism, which included elements of nationalism, corporatism, national syndicalism, expansionism, social progress, and anti-socialism in combination with censorship of subversives and state propaganda. In the years following his creation of the Fascist ideology, Mussolini influenced, or achieved admiration from, a wide variety of political figures.

Now doesn't that sound like what we have morphed into here in our nation? I suspect we have.

Next let us a look at our next great Italian here Charles Ponzi:

The term "Ponzi scheme" was coined because of Charles Ponzi's scam and today it is the description of any scam that pays early investors returns from the investments of later investors. Charles Ponzi promised clients a 50% profit within 45 days, or 100% profit within 90 days, by buying discounted postal reply coupons in other countries and redeeming them at face value in the United States as a form of arbitrage.

Actually reading the wikipedia page on his arbitrage is fascinating and directly relates to the supposed sophisticated happenings in our current set of financial Casinos.

Anyway, I think this would be a great time to maybe write in one of these candidates for a posthumous award. I sure believe Charles Ponzi deserves one at the very least. If you think this is a good idea, contact me and let's see if we can get some good Internet traction.