Saturday, December 6, 2008

TBAR: Texas, a New Financial Center

In October 2008 America has gotten a taste of the financial damage New York financiers have inflicted upon other countries. America needs another financial center to rival New York city and provide a counter-balance to its reckless market manipulation.

The Medici family controlled Florence using the power of the Medici Bank. The Medici's were too corrupt and incompetent to maintain their power. For 200 years the Rothschild's have been successful bankers. I have not seen reports that the Rothschild bank has been burned with Credit Default Swaps or Collateralized Debt Obligations (CDOs). To the contrary, reports say the Rothschild banks are doing very well now. The founder of the family fortune, Mayer Amschel Rothschild, is famous for saying, "Give me control of a nation's money and I care not who makes the laws." This could be interpreted a couple of different ways, but nevertheless shows bankers do think about lawmakers.

The incompetence of New York bankers has threatened the world economy. For the good of the nation and the world, Texas needs to develop a financial center to rival New York. But we need to be careful about misusing that power to meddle in politics like the Medicis. We need to study the Rothschilds and learn from them how to establish a lasting banking and financial empire.

This is a perfect time to start investment banks in Texas, now that the investment banks in New York are reeling from their failures. We will call the plan to turn Texas into a world center of banking and finance the "Texas Banking and Finance Project".

Integrity and competence need to be the watch-words of the Texas banking industry. Integrity is a key ingredient for lasting success.

Robert Canright

TBAR = the Texas Business and Arts Renaissance

1 comment:

medina_wong said...

I think 3 things are missing in being industralized nowadays:

1. we got used to the Franchise system, like banks like Chase everywehre, sandwich by Subway, shoes by Nike, tax by HR Block, on and on. So, it is easy to start a business with a franchise then a new product with ideas.

2. banks like to finance Franchise, not individual start ups. Many start-up will be broke or exhausted in finding money.

3. consumers get so used to franchise.

We have to change our thinking, otherwise, we stay comfortable with the Franchise system.

1960, 1970, 1980s - those were good times that we got to experiment things, we can crave, make things bcz we have tools. Now, many of us do not even know how to use tools.

We really have to reform our thinking about our work, values, contributions.

That is why I teach my kids to think outside the box. Still, it is a big box where they are in. It is even more so in metroplex like Plano, Dallas etc.