Gold is not the answer. The only thing gold does is concentrate the control of money supply to large banks even more than it does now. If you want to talk about history, go watch the film "The Secret of Oz". There is a good reason why we are not on the gold standard anymore. Tying the value of money to gold simply makes it easier for wealthy individuals to control. That is the consistent theme throughout history.
If you want to talk about currencies failing, what you are really looking at is national debt. A Government should not have debt. The problem is the backwards system the world uses to increase the money supply - Borrowing money from banks (at interest). Meanwhile, banks can take any deposit and loan up to 10 times that amount screwing up our money supply for us!
Taxes do not pay for anything but interest on our debt. That is the problem.
Sprogga is correct. Financial Mathematics/Engineering degrees are really BS flavor of the month type deals. You are better off just getting your PHD in math and just applying to Bank internships. You will get them since you actually know math and are most likely smarter than most of the guys on the trading desk.
That's the problem. With so much money to be made, they weren't paying attention to risk. Risk management used to have power over traders, that went the other way around when the credit/mortgage market picked up. After a while, traders were able to push up their risk limits.
Let's not forget that S&P and Moody's gave the banks shitty data to begin with. What the hell were these derivatives doing rated above BBB anyway?
I have worked for over 5 years in the industry as a financial analyst and I was never subjected to a test in either of the two investment banks I have worked for. Not that tests don't exist but a CFA is optional and completely unnecessary unless you were going to be a financial advisor. Most accountants have jobs long they cpmplete their CPA's.
I think the most feasible way for MSFT to go open source and still keep a decent revenue stream is to deliberately enter the hardware business in a manner similar to Apple. One way to do this would be to keep the Operating System open and Direct X closed. Then they can enter the business of selling the premiere gaming systems with their OS while allowing the open source community to improve the operating system.
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Gold is not the answer. The only thing gold does is concentrate the control of money supply to large banks even more than it does now. If you want to talk about history, go watch the film "The Secret of Oz". There is a good reason why we are not on the gold standard anymore. Tying the value of money to gold simply makes it easier for wealthy individuals to control. That is the consistent theme throughout history. If you want to talk about currencies failing, what you are really looking at is national debt. A Government should not have debt. The problem is the backwards system the world uses to increase the money supply - Borrowing money from banks (at interest). Meanwhile, banks can take any deposit and loan up to 10 times that amount screwing up our money supply for us! Taxes do not pay for anything but interest on our debt. That is the problem.
Sprogga is correct. Financial Mathematics/Engineering degrees are really BS flavor of the month type deals. You are better off just getting your PHD in math and just applying to Bank internships. You will get them since you actually know math and are most likely smarter than most of the guys on the trading desk.
That's the problem. With so much money to be made, they weren't paying attention to risk. Risk management used to have power over traders, that went the other way around when the credit/mortgage market picked up. After a while, traders were able to push up their risk limits. Let's not forget that S&P and Moody's gave the banks shitty data to begin with. What the hell were these derivatives doing rated above BBB anyway?
Damn you slashdot! Ruined my last sentence! It should be "long before they complete their CPA's"
I have worked for over 5 years in the industry as a financial analyst and I was never subjected to a test in either of the two investment banks I have worked for. Not that tests don't exist but a CFA is optional and completely unnecessary unless you were going to be a financial advisor. Most accountants have jobs long they cpmplete their CPA's.
I could say the same for Linux. What's your point?
If you graduated from a private college, have a good average and decent math skills you could land a job at a trading desk.
I think the most feasible way for MSFT to go open source and still keep a decent revenue stream is to deliberately enter the hardware business in a manner similar to Apple. One way to do this would be to keep the Operating System open and Direct X closed. Then they can enter the business of selling the premiere gaming systems with their OS while allowing the open source community to improve the operating system.