Comments on: London and Hong Kong ‘Heart’ Sarbanes-Oxley http://www.bizzyblog.com/2006/12/04/related-quotes-of-the-day-kudlow-discussion-group-and-john-fund/ The Business End of the Blogosphere Wed, 9 Jul 2008 02:28:43 +0000 http://wordpress.org/?v=2.5 By: Jessica Byrnes http://www.bizzyblog.com/2006/12/04/related-quotes-of-the-day-kudlow-discussion-group-and-john-fund/#comment-55925 Jessica Byrnes Wed, 06 Dec 2006 03:03:56 +0000 http://www.bizzyblog.com/2006/12/06/exchange-of-the-day-larry-kudlow-herb-greenberg-mike-holland/#comment-55925 Sarbanes Oxley and acts like it are purposely designed to tighten control over free enterprise which makes enterprise, of course, less free. Sooner or later the entrepreneurs who fuel the economic engine get tired of funding parasitic government bureaucrats and rapacious "global elite" banking interests. They quit working and that is the end of an economy and the civilization. It has happened before. It can happen again and the trend of burdening actual producers with "one size fits all" regulations is accelerating not decelerating. Once Basel II takes hold in the U.S. adding to Sarbanes Oxley, the super control agenda of the "very best global elite" will be fulfilled and we can expect economies and civilization in general to deteriorate very rapidly. What's the answer? Well, we think it is financial literacy. How many people engaged in business really understand an Income Statement? A Balance Sheet? A Cash Flow Statement? Every one engaged in business should understand these financial reports and their personal responsibility to ensure reporting accuracy. But the % of individuals engaged in business that truly understand financial reporting is probably very small. And so they make mistakes or are open to fraud perpetrated by ethics deficient "experts". The market crashes, the public is shorn and their savings harvested. Some politicians rise up on their hind legs, wring their hands and pass legislation to "protect the public". The law gets applied to everyone whether they had an ethics problem or not. Usually, the fox in placed in charge of the chicken coop as was the case with Joe Kennedy being made the first SEC chairman by Roosevelt after Kennedy made a fortune short selling before the created crash of 1929. The "global elite" pay their 100 million or so in fines negotiated by their global elite attorneys and then carry on business as usual working their fines and cost of compliance into their numbers. The true entrepreneur gets squashed further. The only way the "global elite" get away with this racket is to make the subject of finance so complex that us ordinary beings can't confront it. The answer is to simplify the subject matter so a critical mass of businessmen will truly understand the language of finance and its rules, will see how they are getting ripped off by parasitic elements and will "throw the rascals out". Our latest course - Sarbanes Oxley Simplified make that actual act understandable and fun to learn. Maybe enough people will spot the super control agenda behind acts like Sarbanes Oxley and Basel II and take back ownership of their countries and economies from the parasites. Kind regards Jessica Byrnes Competence Software Inc. Sarbanes Oxley and acts like it are purposely designed to tighten control over free enterprise which makes enterprise, of course, less free. Sooner or later the entrepreneurs who fuel the economic engine get tired of funding parasitic government bureaucrats and rapacious “global elite” banking interests.
They quit working and that is the end of an economy and the civilization.

It has happened before. It can happen again and the trend of burdening actual producers with “one size fits all” regulations is accelerating not decelerating.

Once Basel II takes hold in the U.S. adding to Sarbanes Oxley, the super control agenda of the “very best global elite” will be fulfilled and we can expect economies and civilization in general to deteriorate very rapidly.

What’s the answer?

Well, we think it is financial literacy. How many people engaged in business really understand an Income Statement? A Balance Sheet? A Cash Flow Statement? Every one engaged in business should understand these financial reports and their personal responsibility to ensure reporting accuracy.

But the % of individuals engaged in business that truly understand financial reporting is probably very small. And so they make mistakes or are open to fraud perpetrated by ethics deficient “experts”.

The market crashes, the public is shorn and their savings harvested.

Some politicians rise up on their hind legs, wring their hands and pass legislation to “protect the public”. The law gets applied to everyone whether they had an ethics problem or not. Usually, the fox in placed in charge of the chicken coop as was the case with Joe Kennedy being made the first SEC chairman by Roosevelt after Kennedy made a fortune short selling before the created crash of 1929.

The “global elite” pay their 100 million or so in fines
negotiated by their global elite attorneys and then carry on business as usual working their fines and cost of compliance into their numbers.

The true entrepreneur gets squashed further.

The only way the “global elite” get away with this racket is to make the subject of finance so complex that us ordinary beings can’t confront it.

The answer is to simplify the subject matter so a critical
mass of businessmen will truly understand the language
of finance and its rules, will see how they are getting ripped off by parasitic elements and will “throw the rascals out”.

Our latest course - Sarbanes Oxley Simplified make that
actual act understandable and fun to learn.

Maybe enough people will spot the super control agenda
behind acts like Sarbanes Oxley and Basel II and take back
ownership of their countries and economies from the parasites.
Kind regards
Jessica Byrnes
Competence Software Inc.

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