Deepak Chopra Quotes
Wall Street is broken for sure because it succumbed to greed and corruption and pure speculation with no values.
Chopra, Deepak. "Spiritual Solutions for Wall Street." The Huffington Post, 2011.
Trump himself was known for being quite greedy and this admission was made before the Wall Street firms had been shown to be as greedy as they were during the aftermath of the 2008 economic meltdown recession when Wall Street Executives had their entire industry bailed out by the average taxpayer. Then they demanded their multi-million dollar bonuses while a large proportion of the people whose taxes bailed them out, were put out of work themselves by the greed, risk and profligacy of Wall Street.
While not every person in the stock market was dishonest, a large number were, and the system itself was inherently unfair and disadvantaged the average investor. Despite the many reforms attempted over the years, as the 2008 meltdown proved, the same problem was still with us. Capone was essentially right then and even today.
Arguably, for most of American History, most of the “smartest” people contributed to manufacturing, construction, research and development—activities that produce things that are wanted and/or needed. However, Wall Street began attracting and paying for some of the smartest people in the society, who when they engaged in finance—not only contributed less to manufacturing, but began to create highly complex financial instruments and procedures that few people could understand and with which regulators have difficulty understanding. These and the other schemes of financing have been major factors in the economic problems that have beset the economy including the meltdown of 2008 and the subsequent Great Rescission.
Wall Street and the business community urged caution about initiating war with Spain and advised the administration not to be stampeded into war by the massive public sentiment to war against Spain. The reaction to Wall Street by most Americans was one of anger and absence of patriotism. This editorial was more eloquent than most but expressed the then popular negative view of Wall Street.
The then attorney general had begun a series of investigation which discovered that most of the major Wall Street brokerage houses were engaged in systematic frauds to cheat small investors. One dramatic fraud he uncovered was that the research expert analysts of major firms would recommend the stock of businesses that their firm was doing investment banking for even when they knew that the companies were not doing well or were even in deep financial trouble. See {627544}.
Deepak Chopra is an Indian-American author and alternative medicine advocate. A prominent figure in the New Age movement, his books and videos have made him one of the best-known and wealthiest figures in alternative medicine. His discussions of quantum healing have been characterised as technobabble - "incoherent babbling strewn with scientific terms" which drives those who actually understand physics "crazy" and as "redefining Wrong".
