The Federal Reserve and Trust in Capitalism

December 19, 2008

Lately, the main topic of discussion among business owners who utilize Onsite Computer Services in New Orleans for service of their Microsoft systems revolves around one main news item: Bernie Madoff and his gargantuan Ponzi scheme.

Although all the facts haven’t surfaced, some allege Bernie Madoff made off with $50 BILLION from the worlds wealthiest investors, charities, and foundations. To put the $50 Billion in perspective, the Big Three US auto manufacturers were ONLY asking for a rescue package of $35 Billion.

As the world economies begin to experience financial panic, one can only wonder when and what is the next economic failure. The cornerstone of capitalism is trust. Without trust the cyclotron of capitalism will fail. Many contend the current constipation of the world financial system is due to a total lack of trust.

The world’s largest banks apparently do not trust each other to honor loan commitments. If banks don’t trust other banks to honor commitments, does anyone believe banks will trust small businesses to honor commitments, especially in the face of a global economic recession/depression?  Small businesses are a driving force of economic activity.

Can the Federal Reserve and Bernanke’s ‘printing press’ restore confidence and trust in the world financial system?   What do you think?

If you’re searching for New Orleans computer service or repair of your Microsoft based system or network, then call the Microsoft specialists at 504-469-6991. Onsite Computer Services, Inc. in New Orleans

You may also be interested in Onsite Computer’s Blog.

This New Orleans On-Site Computer Service post was provided by Eli Lucas. Eli can be reached at eli@onsitenola.com. Onsite Computer serves the Microsoft computing needs of small businesses throughout the Greater New Orleans area including Uptown, Lakeview, Broadmoor, Mid-City, Metairie, Jefferson, Kenner, Westbank, French Quarter, and the Warehouse District. Please visit our website for New Orleans Computer Service

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: