Why do financial institutions exist and what is their proper role in our society? Today guest John Taft shares the original purpose and mission of the financial services industry. It may seem Wall Street is unwilling to do the right thing by aligning itself with businesses and helping real people in the real world through investments, but Mr. Taft says there are organizations which are still respected and he believes the system will soon right itself. He leaves us with a timely investment tip which is not to be missed.
[3:40] Jason voted with his feet - By leaving a high tax jurisdiction
[8:16] Forcing us to provide our own services
[10:08] True capitalism doesn’t allow for big corporations like we have today
[12:36] Understanding how assets classes react to different economic scenarios
[13:24] Join us in Salt Lake City, Utah for our new JHU live event
John Taft Guest Interview:
[16:35] A modern economy couldn’t exist without a financial system