[Vision2020] About Evidence

[Kenneth Marcy]

On 7/18/2012 10:54 AM, Donovan Arnold wrote:
> Like the financial planners of today got it all figured out right?

The disconcerting non-specificity of your reference 'it' 
notwithstanding, the fact of the matter is that our seriously 
under-regulated and significantly over-connected system of financial 
transaction data transmission and storage poses uncomprehended dangers 
to persons and organizations whose financial affairs have been reduced 
to electronic patterns stored on machines they neither own nor control. 
The opportunities for, and the dangers of, large-scale electronic 
malfeasance regarding financial affairs that should be maintained as 
fiduciary trusts, but are not, has never been greater.

Unfortunately, the drive for private profits from among those electronic 
patterns has never been so persistent or so pervasive, with the result 
that financial wealth and control of assets has never been so great or 
concentrated among so few. The system is increasingly designed so as to 
not require large robberies at particular time points, but to do as 
effectively or better the same transfer of wealth and control by 
continual erosion via a plethora of individually small, but collectively 
substantial, financially corrosive agents.


Ken
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