Saturday 14 August 2010

2010 Leadership Summit

I was at the Discovery leadership conference this week, and I heard the talk from Johann Rupert. What he said really stood out for me.

I may have missed a few of his words here and there, but I got the gist. Here is what he shared with us:

After the first World War it was called it The Great War. It took another World War for it to be referred to as World War I and World War II.

We are now going through a serious global recession, and if the bankers and Wall Street fat cats continue to take their massive bonuses we will soon be calling this period the Great Depression II. The fat cat and banking bonuses of the past 10 years equals more than the amount of money the governments have had to put in for the recent bail outs that we keep hearing about in the world press. If all the bankers gave their bonuses back, we would not need the bail outs. And the problem at present is that the world's bankers and fat cats are not stopping with their greed.

In short, the Great Depression may be soon be called the Great Depression I and just now we will be entering the start of the Great Depression II.

I could not agree more Mr. Rupert, and I too am anxious about this.

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