With the large scale global economic turmoil underway for close to five years I am totally confused. Not because it impacts me in a direct way but because I am not sure why people are tolerating public instituional leader salaries that get paid out.
Here are a few examples -
International Monetary Fund - IMF - what does their MD do? Its a French woman who seems nice on camera but what exactly does she do to deserve a $400K annual salary? (TAX FREE).
WORLD BANK - newly elected Korean American that runs this entity also a government elected official. What exactly is the World Bank's role these days? What does he do?
European Central Bank or ECB - this is a new one to me - I am not sure what they have done in the past and what their current charter is but whoever is running it is as clueless on what to do than the jokers that make up the private banks in Europe.
EU head followed by the heads of the large federal institutions incuding the USA. Then come the slew of governing or regulatroy bodies in all the developed world including more acronyms like FINRA, SIPC, NASD, SEC and other alphabet soups.
The truth of the matter is that people have been and continue to be encouraged to spend without showing good collateral or ability to pay their debt back. This in turn leads to growing debts all over the world with nary a clue as to how this actually gets paid.
So why do these bloated entities survive?
Here is another essay on the subject of first names. As in birth names. Or names provided to an offspring at birth. While the developed world tends to shy away from the exotic like Refrigerator or Coca Cola for their new production there is a plethora of Jims and Johns and Bobs or Robs. Speaking of which I do not think there is a categoric decision point at the time of birth if a child will be hereafter called as Bob. I mean have not yet met a toddler called Bob or Rob for that matter. At some point though the parental instinct to mouth out multiple syllables runs out and they switch from calling the crawler Robert to simply Robbie to Rob. Now speaking of - it is strange that the name sounds like something you would not want Rob to do - i.e. Rob anyone. Then why call someone that? After all Rob Peter to Pay Paul is not exactly a maxim to live a young life? Is it? Perhaps Peter or Paul might want to have a say in it? Then there is this matter of going to the John. Why degrad...
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