One quick and effective solution to the global economic crisis is a global economic and political reset. A global economic reset means that world leaders can come together to agree on debt forgiveness to all nations and restructuring of the global economy. Friends and enemies alike, no exceptions. To be fair to nations with lesser debts, they could be compensated on a ratio basis to enjoy treasury surpluses. A new international trade and reserve currency will probably be established to create a fair global economic system and to implement the reset. This could bring a new era of global prosperity and socioeconomic exchange. This is a much better alternative than currency wars, international hostilities and continuous risks of global socioeconomic shocks.

Med Jones

More Quotes by Med Jones
More Quotes From Med Jones

God created land, politicians created boundaries. - On globalization

Med Jones

Sustaining high business performance is a product of continuous strategic alignment

Med Jones

The pursuit of happiness" is an American myth. The ideologies and governments of this century that promised happiness, have left people with more material possessions, but less psychological well-being. Many of the citizens are emotionally bankrupt and unhappy. The demands of life in our current socioeconomic system require that we keep running and running with little or no breaks....Like their parents, most of the young professionals will drift through life racing for the "American Dream", going through very expensive trial-and-error lessons and struggling to achieve happiness and fulfillment.

Med Jones

You cut the jacket to fit the person, you do not cut the person to fit the jacket. Do not imitate the strategies of your competitors or blindly implement industry best practices. The Leader of an organization must analyze the situation and customize the business plans to fit the organization's position.

Med Jones

A CEO's performance is as good as the performance of his middle managers

Med Jones

There are two main reasons that caused mainstream economists and financial media to miss the financial crisis of 2008. The first is the NIH (Not Invented Here) bias, which is an organizational phenomenon manifested as an unwillingness to adopt an idea because it originates from unknown outsiders. It is a form of social cognition bias that leads to errors in group judgments such as missing on new opportunities or risks. The second reason is a cognition bias known as the Confirmation Bias which is the tendency to search for, filter in, or interpret information in a way that confirms existing preconceptions. The Confirmation Bias is recognized as an individual cognition bias, but when met with (NIH) bias it appears to develop into a social bias very similar to the Groupthink syndrome.

Med Jones

Since the beginning of business history, managers have come to realize their competitiveness depends on being able to find, develop and retain top talent

Med Jones

The worst thing that could happen to any economy is the loss of confidence. - [predicting the US economic crisis]

Med Jones

All financial rations being equal, I prefer to invest in multinational companies with more diversified sources of income and who can benefit from the higher growth of the emerging markets.

Med Jones

Be careful of whose advice and what advice you buy, even if it is for free, my advice included.

Med Jones

I do not agree with the prophets of doom who are predicting the socioeconomic collapse of the United States. Make no mistake, US will recover. The road to recovery is rocky with potential setbacks, and we have to pay for our mistakes like everyone else.

Med Jones

Politicians should shift their thinking from how I can balance the budget to how I can attract top global talents, businesses and investments to compete in a global economy.

Med Jones

Work for life and life will work for you!

Med Jones

Choose your career carefully. You build your career and your career builds you.

Med Jones

History teaches us that people from different religions and ethnic groups can be united around one shared economic goal; equality and prosperity for all. We saw that in the rise of the communist USSR. When the economic policies of the USSR failed, ethnic and national divisions took the forefront and the USSR was dissolved. That can happen to the US if we are hit hard enough by hyperinflation and currency collapse. How the divisions evolve and what forms they will take depend on the type and speed of the government's reaction. It is too early to foresee such events. However, it is important to note that no country is above the socioeconomic laws, US included.

Med Jones

I would not bet against US innovation, entrepreneurship and business culture - The trinity that drives economic growth and recovery. Yes, we do face a major crisis, but we also do have a proven track record of recovery.

Med Jones

In life, we have three choices; to lead, follow or resist the change. The last choice is the usually the most expensive one.

Med Jones

In pursuit of knowledge, something new is learned. in pursuit of wisdom, something old is unlearned.

Med Jones

In seeking knowledge, something new is learned In seeking wisdom, something old is unlearned To grow, we need to learn, unlearn and re-learn

Med Jones

It is important to fully understand the performance variables, benefits, and risks of each investment and why you'd want to add each investment to your portfolio in amounts that fit your risk appetite

Med Jones