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Get Rich Quick Schemes

in Bank, Bank of Canada, Financial Apocalypse, Inflation, Video

Sometimes you can strike it rich , but usually it can be hinky like Bre-X and other scams. This weekends video clip is again from the National Film Board, a get rich quick scheme from the man that gave us paper money, entitled:

John Law and the Mississipi Bubble

Didn’t know this is where bank notes came from, interesting. Very interesting bit of history.

We discussed Get Rich Quick schemes at the N.C.F.B.A. meeting and we came to the conclusion that anything drive by Greed, is bound to fail. Our waiter found out who we were and asked what might have caused the latest Economic Apocalypse, the answer was simple, “Greed“.

{ 1 comment }

  • tom February 21, 2009, 6:03 PM

    excellent video explaining also inflation and creation of money to an extent.

    Reply

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