When you offer multiple reasons for anything like a divorce, the interrelationship of the aspect clouds the point whether each position is separate or already included under intent. This is why I say in my unpublished work that all things are related. So, when I mention earnings, does that imply valuation? Does currency come into play because the company is international? Yes, it does and more. Therefore, dear reader, be understanding regarding this aspect.
To review I already stated that the rising dollar will be a direct cause for a stock market correction. What I failed to address(blog space is limited)was the aspect that the Federal Reserve is more concerned about trade agreements among nations to conduct a transaction without dollars. In addition, countries like China and Russia are selling treasuries. One important reason for this is our national debt. It would be even higher figure, but many items are off the books. This will lower the value of the dollar and thus, cause holders of treasuries to lose money. Therefore, the Fed welcomes a higher dollar and like savers in this country, the collateral damage of inflation to emerging markets, is the price. The Fed understands the importance of maintaining the dollar as the reserve currency. If by their reckless policies, the US were to lose this privilege, inflation would destroy our economy. They would never take the blame, but our citizens would still pay the price.
Rates
This leads to the current discussion, will the Fed raise interest rates. Any raise in rates will bolster the dollar even more. This would export inflation to cheaper currencies. The Fed does not want to cause complaints from the global community. What they are trying to do is turn the clock back to the early 1980s. This would help exports of the global community while killing what is left with our manufacturing. If someone gains, someone is losing. This policy implies a service economy for the US and the higher paying manufacturing jobs will go global. We just past the Ides of March, but Shakespeare had other pearls of wisdom like the tangle web of deception which is the mainstay of politicians and central bankers. The Fed will stall as long as they can because they know one more aspect that they can't control, demographics. This is working against them and in a way, this aspect effects everything. If you offer a great product at a low price, but no one comes to your store, guess what. You don't sell! When the Fed does raise its rates, probably in July or September, it will only be a quarter point which is in itself a joke. It will make no difference. Then, they will play a new game to stall some more.
Bonds
will be the location and truer indication of where rates will be going and when. Keep your eye on the ten year note. If bonds yields fall, so will the market. Then, confidence goes and the Fed will attempt to regain our consciousness with some new game that promises prosperity, but is in fact another tangled web of deception. All the aspects result in the same conclusion: End the Fed!
Wednesday, March 18, 2015
Wednesday, March 11, 2015
10 Reasons for "Da Bear" : Reason #1
No one has a crystal ball to say when the bull market will end, but it will. It is past 71 months. Experience helps and a few very smart people will get rich in forecasting trouble. Paulsen did it. Back in 2006 he foresaw the housing bubble. He had money to gamble in his beliefs. He shorted the security swaps for home loans. It took two years, but he's glad he did.
For the rest of us it was not losing your hard earned money in the market. I, too also saw the housing bubble. My only claim to fame was not buying an over-priced house.
Today
I'm not buying over-valued stocks. I do still own a municipal bond, but I'm gambling that the Fed delays an interest hike until September. Eventually, I will have to sell because higher rates lowers the value in this fixed price asset.
With That Said
I remind you, dear reader that in my Forecast 2015, I predicted a 10% correction in the first quarter. Now, I believe it could be worse.
The first and foremost reason under the ten is the $. In my forecast I saw 97. People, the dollar burst through that number and is heading for 101.
Something Goes Up...
something must go down and the Euro is "it." Spring will come and with it is the beginning of golf season. Can you say, "Par?"
A move this fast in a short period of time is dangerous for global trading. A rising dollar exports inflation to emerging markets and lowers revenues for commodity exporters. Both are serious problems that central banks respond by printing which only reinforces the negative cycle.
In addition, many loan agreements that no one knows about will be under stress. These are multiple problems, but are hidden unless they persist past a quarter and of course, there is no funny book keeping like in China, Greece and elsewhere.
Copper and Oil
are used as collateral against these loans. A rising dollar lowers the value of both assets. This is the same effect as people buying a house and the mortgage is worth more than the property.
There are many other aspects of worry in the market, but no one knows them all. I fear derivatives the most. These insurance obligations will come into play as the commodity loans sour. Keep this in mind: it is the greatest danger because derivative deals exceed $700 trillion and the total value of the earth's GDP is around $72 trillion or 10x the amount. No company could ever cover their agreed obligation and a chain reaction could happen. People, GE has more debt than Greece!
These loan deals come to light twice a month. One at the middle(A) and one at the end(B). Do you recall Shakespeare's, Ides of March?
Add this to the above. Inflation has not shown its ugly face due to the aspect that central banks have made credit an asset. They have lowered the cost of credit with QE and money printing, however everyone has too much credit and not enough dollars to pay for it. We have had the misfortune to allow fiat money thinkers control our economy. Just compare their thinking to our founding fathers.
Today:
1) government tries to force-feed inflation as central banks plan their strategy around a target of 2% inflation while at the same time pay a negative return in interest rates.
2) Consumers are encouraged to borrow with credit like your many cards while saving is frowned upon. Of course, you have to have a job to save and if you do, your money is worth less due to the low interest rate bearing accounts.
3) the stock market cheers bad news because it means the Fed is likely to hold interest rates negative for longer. You do remember what happened to the market with just the thought of tapering?
Yesterday
Gold was a currency. It kept prices stable both present and future. This allowed everyone to plan. The idea was to limit debt because the more you saved the more you had for your future plan. You also had a peace of mind that the Fed didn't exist and you knew that the government would not meddle with the market.
This is the first reason of the ten and why I say, End the Fed!
For the rest of us it was not losing your hard earned money in the market. I, too also saw the housing bubble. My only claim to fame was not buying an over-priced house.
Today
I'm not buying over-valued stocks. I do still own a municipal bond, but I'm gambling that the Fed delays an interest hike until September. Eventually, I will have to sell because higher rates lowers the value in this fixed price asset.
With That Said
I remind you, dear reader that in my Forecast 2015, I predicted a 10% correction in the first quarter. Now, I believe it could be worse.
The first and foremost reason under the ten is the $. In my forecast I saw 97. People, the dollar burst through that number and is heading for 101.
Something Goes Up...
something must go down and the Euro is "it." Spring will come and with it is the beginning of golf season. Can you say, "Par?"
A move this fast in a short period of time is dangerous for global trading. A rising dollar exports inflation to emerging markets and lowers revenues for commodity exporters. Both are serious problems that central banks respond by printing which only reinforces the negative cycle.
In addition, many loan agreements that no one knows about will be under stress. These are multiple problems, but are hidden unless they persist past a quarter and of course, there is no funny book keeping like in China, Greece and elsewhere.
Copper and Oil
are used as collateral against these loans. A rising dollar lowers the value of both assets. This is the same effect as people buying a house and the mortgage is worth more than the property.
There are many other aspects of worry in the market, but no one knows them all. I fear derivatives the most. These insurance obligations will come into play as the commodity loans sour. Keep this in mind: it is the greatest danger because derivative deals exceed $700 trillion and the total value of the earth's GDP is around $72 trillion or 10x the amount. No company could ever cover their agreed obligation and a chain reaction could happen. People, GE has more debt than Greece!
These loan deals come to light twice a month. One at the middle(A) and one at the end(B). Do you recall Shakespeare's, Ides of March?
Add this to the above. Inflation has not shown its ugly face due to the aspect that central banks have made credit an asset. They have lowered the cost of credit with QE and money printing, however everyone has too much credit and not enough dollars to pay for it. We have had the misfortune to allow fiat money thinkers control our economy. Just compare their thinking to our founding fathers.
Today:
1) government tries to force-feed inflation as central banks plan their strategy around a target of 2% inflation while at the same time pay a negative return in interest rates.
2) Consumers are encouraged to borrow with credit like your many cards while saving is frowned upon. Of course, you have to have a job to save and if you do, your money is worth less due to the low interest rate bearing accounts.
3) the stock market cheers bad news because it means the Fed is likely to hold interest rates negative for longer. You do remember what happened to the market with just the thought of tapering?
Yesterday
Gold was a currency. It kept prices stable both present and future. This allowed everyone to plan. The idea was to limit debt because the more you saved the more you had for your future plan. You also had a peace of mind that the Fed didn't exist and you knew that the government would not meddle with the market.
This is the first reason of the ten and why I say, End the Fed!
Wednesday, March 4, 2015
Reason # 6: End the Fed, Stealing From Pensions and Savers
The point-two-five interest rate that the Federal Reserve charges banks for money not only benefits the recapitalization of banks and allows speculation by hedge funds, banks and financial institutions, but at the same time, it steals from savers, investors and pensions.
The collateral damage done to those people demonstrates the true identity and purpose of the Fed. The crisis revealed who they will help regardless of false claims of "too big to fail" as a stumbling block. Their hidden purpose is to protect the banking industry and every time that the banks screw up, they have fulfilled their aim.
On the other hand people who save are the grass roots of capitalism. People deposit their savings. This money can be loaned to build schools, hospitals, factories, whatever. This is fundamental to a free economy society. This is where capitalism works positively to benefit the general welfare as envisioned by the founding fathers. It is not working today.
On the Other Hand
the Fed has destroyed these people by offering the manipulated negative returns. How can anyone hold a straight face while at the same time offer you a return on your money of 3% for 30 years when by their own stats, inflation is running at 1.7% per year. Pensions like to buy US Treasuries because they are safe and it supposedly, helps the nation. How can you tell your workers who contributed to the system that their money is worth less than when they subscribed at the beginning of their work career? How can the elderly get by on $400 interest on $100,000 saving bond? Can you live on $400 a year? This is yet another reason why I say, End the Fed!
The collateral damage done to those people demonstrates the true identity and purpose of the Fed. The crisis revealed who they will help regardless of false claims of "too big to fail" as a stumbling block. Their hidden purpose is to protect the banking industry and every time that the banks screw up, they have fulfilled their aim.
On the other hand people who save are the grass roots of capitalism. People deposit their savings. This money can be loaned to build schools, hospitals, factories, whatever. This is fundamental to a free economy society. This is where capitalism works positively to benefit the general welfare as envisioned by the founding fathers. It is not working today.
On the Other Hand
the Fed has destroyed these people by offering the manipulated negative returns. How can anyone hold a straight face while at the same time offer you a return on your money of 3% for 30 years when by their own stats, inflation is running at 1.7% per year. Pensions like to buy US Treasuries because they are safe and it supposedly, helps the nation. How can you tell your workers who contributed to the system that their money is worth less than when they subscribed at the beginning of their work career? How can the elderly get by on $400 interest on $100,000 saving bond? Can you live on $400 a year? This is yet another reason why I say, End the Fed!
Net Neutrality: Liars and Crooks
Two weeks ago I prematurely apologized to Mr. Wheeler, the chairman of the FCC because he publically stated that net neutrality was the right course for the internet. My understanding at that time was that he would not allow the internet providers card blanche to rip off individuals and small business with a fee based service. How wrong I was.
What he declared was internet neutrality, but in reality he allowed the government to be the fee generating service. There will be taxes on service, price increases due to regulations and eventually, a general tax on sales through the internet. In addition, the government has control which allows for abuse and censorship. Do you recall Sacco and Vanzetti? Alien and Sedition Act? We have a lot of paranoid people in our government as demonstrated by the war on terror. The media attacks on Edward Snowden as a traitor because he informed the public of the wrongful actions of NSA.
I was right in my first assessment of Wheeler. He is a "yes man" for position. This sad saga is not over because the big providers will gamble a few tax deductible dollars to take the decision to court. After all, they can charge big bucks if they win because the internet has penetrated 90% of our society. You wouldn't be reading this if it wasn't so.
What he declared was internet neutrality, but in reality he allowed the government to be the fee generating service. There will be taxes on service, price increases due to regulations and eventually, a general tax on sales through the internet. In addition, the government has control which allows for abuse and censorship. Do you recall Sacco and Vanzetti? Alien and Sedition Act? We have a lot of paranoid people in our government as demonstrated by the war on terror. The media attacks on Edward Snowden as a traitor because he informed the public of the wrongful actions of NSA.
I was right in my first assessment of Wheeler. He is a "yes man" for position. This sad saga is not over because the big providers will gamble a few tax deductible dollars to take the decision to court. After all, they can charge big bucks if they win because the internet has penetrated 90% of our society. You wouldn't be reading this if it wasn't so.
Wednesday, February 25, 2015
Reason #5: End Fed Due To Its Credit Mentality
The Federal Reserve is not only a sickness to sound money which rewards hard work with the fruits of labor, but it affects the mentality of a nation. When rational people see how it operates, they succumb to the thinking of easy money and credit to act irrationally.
The original push to create a central bank at the turn of the 19th century centered upon the fact that liquidity was a major recurring problem in the economy. The backer's, big money banks, stated that a central bank could keep credit and currency steady in the economy. There was no talk of an inflation mandate or an unemployment watchdog.
Then and Now
We now know their system is based on new money covering old debt through the destructive practice of stealth inflation. They slowly devalue our currency by printing new money to buy old bonds that provide liquidity for government to spend what they don't have in revenues. This is the argument that Republicans claim that Democrats are the "spend and tax" party. The only problem is that they do the same thing by taxing the nation as they generate returns with loopholes and subsidies for their backers who were the same people who pushed for the Fed in the first place back in 1913.
Since the Fed began, the value of our dollar has declined by 95%. They failed at their original concept and worse, they have insidiously affected both our corporate thinking as well as our individual approach to debt and credit.
Back in the "old" days before credit and debt were plentiful, people saved to make a purchase and paid in cash. After WW 11, with checking and the advent of credit cards, people slowly changed their approach to want and needs. With LBJs "Good Society" why not buy today and enjoy life. I can pay at the end of the month and balance my account. Their children learned this approach. It worked well until daddy got laid off or lost his job. Then, credit becomes a burden that must be repaid, but individuals cannot print money to over their expenses. We had a recession in the 1970s and a study shows that social mobility peaked in 1971, the same year President Nixon ended our currency tied to the gold standard.
Cheap Money
The advent of cheap money began with Greenspan and a study shows this is the beginning of the wealth gap in the US economy which grows each year due the continuation of cheap money. A study by Bank Rate finds that 25% of Americans have more debt than savings. In addition, another 13% have no debt and no savings. Together (37%) are living from paycheck-to-paycheck.
Then, there is the continual, make it up as we go along approach by the Fed. HARP loans is a program designed for people under water with their mortgages due to the last boom and bust mentality of the Fed. It has helped, but check this out. Now, you can refinance without an appraisal. Before the recession you could buy with a Ninja loan(No income, no job, no assets)and now, money no matter what the value.
Dear reader, it gets worse because the Fed was determined to get rid of the gold standard and now, it wants to eliminate currency from our society. They put out the virus and the creative, destructive nature of capitalism takes over. Everyone knows that credit cards make big bucks and therefore, an opportunity to take market share from them.
Pay Pal, Apple Pay, Square - Bitcoin
Technology helps the credit mentality by using your smart phone to spend what you don't have. You believe that you can settle up at the end of the month or put the bill on another credit card by playing rotation cards of credit. This works until your hours are cut or get laid off or fired(See Daddy above in 1970s). The serious problem that I see is this: Our economy has $11.7 trillion in M 2, which is currency in circulation, deposits, money market accounts and notes, but the currency segment is only $1.3 trillion. Any liquidity problem will cause cash to disappear from circulation due to fear that bank accounts, credit cards and checking will be frozen like in Cypress. The very first mandate will be violated again because cash will trump credit and of course, gold will trump cash. Funny, how that works.
Corporate World
This same approach to cheap money effects corporations. People, G.E. has more debt than Greece! Corporations issue bonds and only use the money to cover dividends and buy back stock. There is little or no research for new or better products. IBM has seen its revenues decline quarter after quarter, but it makes its estimated income. Why? Because the buybacks shrink the shares in the market and covering their guidance is easy. They are not alone as this is the standard practice of S & P 500 companies. Earnings and revenues are down, but the market is at all-time highs. Everyday people take for granted that these people know what they are doing. Ha! See or find Lehman. AIG went from $1451 a share to $7 bucks. Countless others would be long gone, shares worthless, if it weren't for the Fed intervening.
It is not only the corporate world. Government agencies know that the Fed will print and cover their asses. The FHFA, Federal Housing Finance Agency recently increased obligations of our government and us, taxpayers by lowering restrictions to Fannie Mae who went from $60 a share to .30 cents. Its sibling Freddie Mac did likewise. So now, they can buy and sell bonds to generate income to pay the government even if they are losing money. They are true wards of the state(so much for capitalism). At present, they have increased their ledger to the tune of $408 billion. If they fail again, and they will, who gets the bill? We do. The Fed will bail out the government, but no one will bail out you. The backers knew that back in 1913. This is the real reason why they wanted a central bank. It was the same reason why President Jackson ended the(central) Second Bank of the US. The central bank is socialism for the banking industry in case they screw up which they have, multiple times. This is another reason why I say, End the Fed!
The original push to create a central bank at the turn of the 19th century centered upon the fact that liquidity was a major recurring problem in the economy. The backer's, big money banks, stated that a central bank could keep credit and currency steady in the economy. There was no talk of an inflation mandate or an unemployment watchdog.
Then and Now
We now know their system is based on new money covering old debt through the destructive practice of stealth inflation. They slowly devalue our currency by printing new money to buy old bonds that provide liquidity for government to spend what they don't have in revenues. This is the argument that Republicans claim that Democrats are the "spend and tax" party. The only problem is that they do the same thing by taxing the nation as they generate returns with loopholes and subsidies for their backers who were the same people who pushed for the Fed in the first place back in 1913.
Since the Fed began, the value of our dollar has declined by 95%. They failed at their original concept and worse, they have insidiously affected both our corporate thinking as well as our individual approach to debt and credit.
Back in the "old" days before credit and debt were plentiful, people saved to make a purchase and paid in cash. After WW 11, with checking and the advent of credit cards, people slowly changed their approach to want and needs. With LBJs "Good Society" why not buy today and enjoy life. I can pay at the end of the month and balance my account. Their children learned this approach. It worked well until daddy got laid off or lost his job. Then, credit becomes a burden that must be repaid, but individuals cannot print money to over their expenses. We had a recession in the 1970s and a study shows that social mobility peaked in 1971, the same year President Nixon ended our currency tied to the gold standard.
Cheap Money
The advent of cheap money began with Greenspan and a study shows this is the beginning of the wealth gap in the US economy which grows each year due the continuation of cheap money. A study by Bank Rate finds that 25% of Americans have more debt than savings. In addition, another 13% have no debt and no savings. Together (37%) are living from paycheck-to-paycheck.
Then, there is the continual, make it up as we go along approach by the Fed. HARP loans is a program designed for people under water with their mortgages due to the last boom and bust mentality of the Fed. It has helped, but check this out. Now, you can refinance without an appraisal. Before the recession you could buy with a Ninja loan(No income, no job, no assets)and now, money no matter what the value.
Dear reader, it gets worse because the Fed was determined to get rid of the gold standard and now, it wants to eliminate currency from our society. They put out the virus and the creative, destructive nature of capitalism takes over. Everyone knows that credit cards make big bucks and therefore, an opportunity to take market share from them.
Pay Pal, Apple Pay, Square - Bitcoin
Technology helps the credit mentality by using your smart phone to spend what you don't have. You believe that you can settle up at the end of the month or put the bill on another credit card by playing rotation cards of credit. This works until your hours are cut or get laid off or fired(See Daddy above in 1970s). The serious problem that I see is this: Our economy has $11.7 trillion in M 2, which is currency in circulation, deposits, money market accounts and notes, but the currency segment is only $1.3 trillion. Any liquidity problem will cause cash to disappear from circulation due to fear that bank accounts, credit cards and checking will be frozen like in Cypress. The very first mandate will be violated again because cash will trump credit and of course, gold will trump cash. Funny, how that works.
Corporate World
This same approach to cheap money effects corporations. People, G.E. has more debt than Greece! Corporations issue bonds and only use the money to cover dividends and buy back stock. There is little or no research for new or better products. IBM has seen its revenues decline quarter after quarter, but it makes its estimated income. Why? Because the buybacks shrink the shares in the market and covering their guidance is easy. They are not alone as this is the standard practice of S & P 500 companies. Earnings and revenues are down, but the market is at all-time highs. Everyday people take for granted that these people know what they are doing. Ha! See or find Lehman. AIG went from $1451 a share to $7 bucks. Countless others would be long gone, shares worthless, if it weren't for the Fed intervening.
It is not only the corporate world. Government agencies know that the Fed will print and cover their asses. The FHFA, Federal Housing Finance Agency recently increased obligations of our government and us, taxpayers by lowering restrictions to Fannie Mae who went from $60 a share to .30 cents. Its sibling Freddie Mac did likewise. So now, they can buy and sell bonds to generate income to pay the government even if they are losing money. They are true wards of the state(so much for capitalism). At present, they have increased their ledger to the tune of $408 billion. If they fail again, and they will, who gets the bill? We do. The Fed will bail out the government, but no one will bail out you. The backers knew that back in 1913. This is the real reason why they wanted a central bank. It was the same reason why President Jackson ended the(central) Second Bank of the US. The central bank is socialism for the banking industry in case they screw up which they have, multiple times. This is another reason why I say, End the Fed!
Thursday, February 19, 2015
Reason #3: Why End The Federal Reserve
Do you remember the broad game, Monopoly? There is a great correlation with it and the Federal Reserve. Let's go back to yesteryear and you are having a family game night. Dad introduces everyone to the game of Monopoly. He explains the rules which basically is to eliminate your competition by winning all the money and property until you are king of the hill, top dog, number one!
The game moves along with your favorite piece. I like the car. You land on the Baltic States and you buy. Later, Dad lands on your property. You charge him a toll. You collect rent. Still later, dad lands on your sister's property. She collects rent too. Finally, dad lands on Mom's property and she extends her hand for rent due. Dad isn't doing well. The odds say that he will be the first one eliminated.
Now, compare the US government to Dad. The US spends more than it collects every year and at the same time, the US dollar is the world's reserve currency. This means it has universal usage. This is why all commodities get transacted in dollars. This makes dollars special, but the distributor of those dollars, spends recklessly.
It has its citizens so fooled that when the monthly balance it released, our stock market rises because the deficit was only $44 billion for the MONTH! Now, one would think in the game of life(not the other board game)that the US will eventually lose its status as the world's reserve currency if it keeps spending more than it collects. No, dear reader and this is the conundrum of life and money. Before I continue with reality, let us return to the board game.
When last visited, dad was losing his shirt. Then, he lands on a solid piece of property, Park Place. He wants to buy it, but you laugh because he can't afford it. No, children and family of Dad. He throws out cash and the wad that he counts the correct amount, appears larger than the three people that he is competing against. How can this be? Dad is cheating. He prints money out of thin air for whatever he needs and any amount. Bottom line: you don't want to play with a rig game and family game night ends along with other doubts about dad and his beliefs.
This is how many countries in the world see the US. We print in excess. The value of the dollar has fallen over 95% since the Federal Reserve came into power. When we devalue, we export inflation because everyone else has to buy dollars to trade. They are hoping for another system, but since none is on the horizon, they don't rock the boat. However, there is deep resentment and if another currency should seek to be number one, they may join. Then, our dollar will fall even further and our economy will be hit hard with inflation A gallon of gas could rise to five dollars. Just double and triple the price you pay for food, utilities and clothes. If this ever happens, you can thank the Fed, which is why I say, End the Fed!
The game moves along with your favorite piece. I like the car. You land on the Baltic States and you buy. Later, Dad lands on your property. You charge him a toll. You collect rent. Still later, dad lands on your sister's property. She collects rent too. Finally, dad lands on Mom's property and she extends her hand for rent due. Dad isn't doing well. The odds say that he will be the first one eliminated.
Now, compare the US government to Dad. The US spends more than it collects every year and at the same time, the US dollar is the world's reserve currency. This means it has universal usage. This is why all commodities get transacted in dollars. This makes dollars special, but the distributor of those dollars, spends recklessly.
It has its citizens so fooled that when the monthly balance it released, our stock market rises because the deficit was only $44 billion for the MONTH! Now, one would think in the game of life(not the other board game)that the US will eventually lose its status as the world's reserve currency if it keeps spending more than it collects. No, dear reader and this is the conundrum of life and money. Before I continue with reality, let us return to the board game.
When last visited, dad was losing his shirt. Then, he lands on a solid piece of property, Park Place. He wants to buy it, but you laugh because he can't afford it. No, children and family of Dad. He throws out cash and the wad that he counts the correct amount, appears larger than the three people that he is competing against. How can this be? Dad is cheating. He prints money out of thin air for whatever he needs and any amount. Bottom line: you don't want to play with a rig game and family game night ends along with other doubts about dad and his beliefs.
This is how many countries in the world see the US. We print in excess. The value of the dollar has fallen over 95% since the Federal Reserve came into power. When we devalue, we export inflation because everyone else has to buy dollars to trade. They are hoping for another system, but since none is on the horizon, they don't rock the boat. However, there is deep resentment and if another currency should seek to be number one, they may join. Then, our dollar will fall even further and our economy will be hit hard with inflation A gallon of gas could rise to five dollars. Just double and triple the price you pay for food, utilities and clothes. If this ever happens, you can thank the Fed, which is why I say, End the Fed!
Wednesday, February 11, 2015
Truth In Data: Who You Gonna Call?
With more questions than answers today, you may wonder, "Who You Gonna Call?" You can't call Harold Ramis, the creator of Ghost Busters. Sadly, he passed away.
The biggest problem with government today is not ideas to promote the general welfare, but the antagonists to those ideas. Not to delve into one particular issue because time and space in a blog cannot do it justice. However, I will scratch the surface with an example. Someone notices that their water looks cloudy. They sound the alarm. People take notice and they agree that something should be done. Rules and regulations are drafted that protect the public from unscrupulous and shady operations that spew dangerous chemicals into our water supply. Those operators complain. They provide jobs, but the dangers outweigh the benefits. The same, greedy owners resist spending their profits on filters and or other improvements. They find it cheaper to hire a lobbyists to fight the proposed rules and regulations, especially when they can get other polluters to contribute to the cost.
This is the real problem with government. It is no longer of the people and by the people because no one is for the people.
Do you recall the "cold war" lessons from your history class? The bureaucrats of the U.S.S.R. gave positive economic reports right up until the Soviet state collapsed. Lehman Brothers got the same positive ratings even up to the day it died. Going back to the U.S.S.R., the Russian people realized long before the finish line that their government reports were only propaganda tools. Is the US today any different?
Is it not true that in every six months or so, some company is caught violating Libor Rates, fixing prices like the aluminum scandal or mortgage fraud? My problem and question is who brings agencies like Bureau of Labor Statistics(BLS)to court? We can't even audit the Federal Reserve for peace of mind with our banking institutions.
Old Days
before computers, we had visible proof of the economy. There were long lines at the unemployment office, food stamp outlet and the welfare line. Today, we are fed facts that no one can validate. The media is guilty of conspiring with the same reports. No one offers an opposing view or at least, no one is given equal time to offer a different set of facts. We know that there are 48 million people collecting food stamps and other supplemental benefits, but we never see them in mass. We can't even distinguish them at the grocery store. They have debit cards.
Yes, things are better than 2008, but outsourcing hasn't been addressed. Yes, unemployment is down, but part-time jobs with low pay doesn't make one feel better about life or their future. The number of Americans with full-time jobs as a percentage of the population is at the lowest level in 40 years. The BLS should be reclassified to the BS office. The story that they tell is manipulated. Is their illusionary tale of our economy any different than the bureaucrats of the U.S.S.R.?
Who You Gonna Call?
The biggest problem with government today is not ideas to promote the general welfare, but the antagonists to those ideas. Not to delve into one particular issue because time and space in a blog cannot do it justice. However, I will scratch the surface with an example. Someone notices that their water looks cloudy. They sound the alarm. People take notice and they agree that something should be done. Rules and regulations are drafted that protect the public from unscrupulous and shady operations that spew dangerous chemicals into our water supply. Those operators complain. They provide jobs, but the dangers outweigh the benefits. The same, greedy owners resist spending their profits on filters and or other improvements. They find it cheaper to hire a lobbyists to fight the proposed rules and regulations, especially when they can get other polluters to contribute to the cost.
This is the real problem with government. It is no longer of the people and by the people because no one is for the people.
Do you recall the "cold war" lessons from your history class? The bureaucrats of the U.S.S.R. gave positive economic reports right up until the Soviet state collapsed. Lehman Brothers got the same positive ratings even up to the day it died. Going back to the U.S.S.R., the Russian people realized long before the finish line that their government reports were only propaganda tools. Is the US today any different?
Is it not true that in every six months or so, some company is caught violating Libor Rates, fixing prices like the aluminum scandal or mortgage fraud? My problem and question is who brings agencies like Bureau of Labor Statistics(BLS)to court? We can't even audit the Federal Reserve for peace of mind with our banking institutions.
Old Days
before computers, we had visible proof of the economy. There were long lines at the unemployment office, food stamp outlet and the welfare line. Today, we are fed facts that no one can validate. The media is guilty of conspiring with the same reports. No one offers an opposing view or at least, no one is given equal time to offer a different set of facts. We know that there are 48 million people collecting food stamps and other supplemental benefits, but we never see them in mass. We can't even distinguish them at the grocery store. They have debit cards.
Yes, things are better than 2008, but outsourcing hasn't been addressed. Yes, unemployment is down, but part-time jobs with low pay doesn't make one feel better about life or their future. The number of Americans with full-time jobs as a percentage of the population is at the lowest level in 40 years. The BLS should be reclassified to the BS office. The story that they tell is manipulated. Is their illusionary tale of our economy any different than the bureaucrats of the U.S.S.R.?
Who You Gonna Call?
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