Reality Check: Economics in America

1.globe_and_moneyLet it be said that I am not bought off and not invested in how much money you make one way or the other.

I am one of last people on the web that is willing to tell the truth and attempt to remove all the shadowing and spin that resides over all that is the media.

Allow me to be plain:

We are headed for a depression.

I repeat this as a man with three businesses and a successful career in marketing said this statement to me.

A math teacher of high credentials has said to same to me in the past year.

You won’t hear this from the bought and paid for economists who sat on their hands and let our economy crumble beneath us as they remained mute.

While the word ‘depression’ in regards to economics is about to appear on the FFC Banned Words List there is much to be understood about what awaits us.

I’ll remove as much jargon as I can.

The economy will go up. But then it will come back down again.

They call me a “W” in terms of my economic perspective in that I believe we will regain strength in the market in coming quarters. But I think these will be temporary gains and ultimately we will fall back into a recession cycle that will lead to a depression.

Most media economists tell you that they are a “V” which to me just denotes that they are blindly optimistic or much more likely bought and paid for.

Some maintain that there will be no improvement and they are labeled the “L‘s”.

And some still think we will have gradual and slow recovery that is unhampered and they are labeled as “U‘s”.

Anyone like myself who speaks of a forthcoming American Depression would squarely fit into the “W” or the “L” camps.

However, the notion that all hope is lost is a false one.

Most of us ‘money-savvy’ people already know that fortunes can be made in depressions and that the wealth of the nation will not dissolve into thin air but rather will be distributed down to the people who have the intelligence and the foresight to take advantage of the downturn.

This is just a sliver-lining though. Each family should take real steps right away to build up the value of your home, maximize your portfolio and be prudent about major expenses.

But it’s important to realize that if we are going to prove me, a math teacher and a successful business man wrong that this nation will have to refocus itself on consumer spending.
If all of America continues to tighten it’s belt in this endless fashion then you begin to see why some predict this outcome at a latter date. Most say about three years and I would estimate a little longer span of time but the same end result.

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People Who Voted McCain Hate Obama, Big Surprise

I follow politics on both sides of the coin.

In my view the turning point for the McCain Campaign was the selection of Sara Palin.

The Thinking Conservatives removed their support in droves while the Limited Conservatives found a new poster-child for Partisan Logic.

Aside from the racism allowed to crop up in the Republican Campaign and the market crash under a Republican President, the Conservative Americans who actually think about their positions for longer than the span of a thirty second sound byte could not accept the ‘Say it so, Joe’ Logic and the overall presentation of John McCain’s pick for VP.

Many asked themselves and openly begged the question:

“If John McCain made this bad a decision for Vice President, then how can we trust him to make the right decisions on the war on terror.”

I am trying to draw a connection between the Obama-Hate Committee found on right wing radio and FOX Broadcasting with the vague demagogue figure of religious and moral authority found in the Governor of Alaska and her bid for the vice-presidency in 2008.

I think this group is just loud, and well-funded. Most, if not all, popularity of extremist presidential bashing from the Media Republicans comes from people who want theocracy and the destruction of American Liberty in the name of unfounded ideologies.

There are of course exceptions and a rare pack of conservatives can formulate a fair review of the Obama Presidency thus far, but they increasingly move into the minority as Media Hacks and Partisan Pundits rule the conservative-media.

Alex Jones is a Liar

alex20jonesd2022020jpg80Scare you into buying stuff. That and ask you to connect the dots with little scraps of information and pieces of truthfulness that are supposed to form his credibility.

The man is selling his goods and using fear to market them. He cares nothing for our nation. He cares nothing for democracy and representative government.

Jones is one of most dangerous broadcasters on the airwaves only because he masks himself in patroitism and a need to inform the public. Which is untrue.

If there was a serious effort on his show to share all perspectives on the so-called ‘globalist agenda’ he would not constantly try to destroy those who question his credibility and motives.

The man is classically known for challenging the current Executive Branch.

Then he claims himself to be ‘not rigtht or left’ while he lies and slanders Obama with mere perspective in the absence of any facts. Yet he tells us they are facts. He would challenge everything I’ve said and he has not a leg to stand on.

You can’t prove a negative. If the conspriracy is so wide-spread that nobody can detect it beyond these low-credibility sources he brings forth then it is not true nor untrue. It remains unfounded.

Alex Jones is attempting to reject science and common sense and in place accept fear and idiocy as a standard of living.

Go plant your ‘crisis garden’ and hide under your bed from the ‘global elites’ if you buy this garbage.

Jones is laughing at you while his bank account grows and his ratings go up.

I fight the ‘power’ everday. Let it be known. This man is part of the power structure. His unwillingness to do anything but bash anyone who challenges him is proof enough for me.

All those who carry his signal are supporting a destruction of represenative government.

All those who worship his message have obviously not done their homework.

Caps-Lock Engaged America

“populist outcry”

“socialist agenda”

“economic outrage”

We are hear these words connected in the Big Buzz of the Media, lately.

We live in a state of economic chaos. Right now, today.

As an internet-blogger I call this state we exist in “Caps-Lock Engaged America.”

My need to translate everything into internet terminology is no doubt why I prefer this way of describing the current state of affairs in America.

These pundits and talk show hosts of the right wing seek to drum up fear in the public, nothing more.

In the absence of logical arguments they simply wish their audiences to suspend all logic and proceed to believe in conspiracies.

The left wing is busying itself with AIG-Hate while shunning these new Populists as madmen and radicals. We are neither.

These are the very same kind of ‘madmen’ and ‘radicals’ who helped to form the Democratic Party of our day, but I digress.

There is no shame in being upset. But direct your anger.

President George W. Bush spent this country broke as if it was his personal play-thing to abuse and mistreat as he would.

One of the primary functions of a President of the United States of America is to be a Steward of the American Economy.

The previous President not only failed in this, he failed so miserably that his actions in this area specifically are in fact criminal.

President Bush had an obligation to use his position to inform America of the coming recession. Yet he joined in the chorus of conservatives who claimed all was well in the economic seas.

The ’proper’ blame doesn’t stop there.

The major leaders of financial institutions, those chairing relevant boards and countless figures in the media all failed in this exact same respect. 

These individuals had a duty to the American public to inform them of an impending crisis that would directly effect their home life and personal budget.

These individuals knowingly withheld information from investors and consumers in a clear effort to destroy any chances we had at mitigating the coming storm.

Some moved funds into bonds instead of stocks. Some transferred funds into foreign currencies. Some bought precious metal portfolios.

But many more simply did not know or would not listen to those like myself who warned of this coming American Recession.

 

Eric Lightborn

http://ericlightborn.blogspot.com

March 29th 2009

Anarchism Versus Populism

Ever reviled, accursed, ne’er understood,
Thou art the grisly terror of our age.
“Wreck of all order,” cry the multitude,
“Art thou, and war and murder’s endless rage.”
O, let them cry. To them that ne’er have striven.
The truth that lies behind a word to find,
To them the word’s right meaning was not given.
They shall continue blind among the blind.
But thou, O word, so clear, so strong, so pure.
Thou sayest all which I for goal have taken.
I give thee to the future! Thine secure.
When each at least unto himself shall waken.
Comes it in sunshine? In the tempest’s thrill?
I cannot tell — but it the earth shall see!
I am an Anarchist! Wherefore I will.
Not rule, and also ruled I will not be!

                       – John Henry Mackay

I draw your attention simply to the first nine lines of this quote, and have included it in it’s entirety for a full perspective.

I believe we have suffered this current Global / American Recession in a large part to the economic strategy of ‘greed is good’ and more specifically the enactment of Anarcho-Capitalism in our banking, mortgage and credits markets the United States of America.

A lack of sound order and a lack of logical policies, will only ultimately lead to a lack of accountability from authority.

A populist does not reject authority, or rule, outright. Rather a populist is prone to ask:

“By right to do govern? Whom do you serve?”

While I will express a degree of fondness for Pure Anarchism in which all property is outright theft … I find the whole ideology unworkable and only expressly attainable in small, sustainable, isolated communities. Much like Marxism is all looks good for an intellectual discussion and quid-pro-quo debating but in a real world setting the whole underlying concepts quickly become revealed as nothing but an ideologist’s dream work.

America of 2009 needs real solutions and not simply an outpouring of sentiment to ’make AIG pay you back’ but rather a hopeful outpouring of people willing to listen. People willing to engage.

The Presidency of Barack Obama is a stepping stone in a much larger and much longer road.

We must begin to demand the highest standards of our leaders on both Wall Street and Capitol Hill.

It is not not wrong to want justice. It is not wrong to want fairness. It is not wrong to question authority.

I am a Populist! Wherefore I will.
Not to rule, but to question the value of our rulers to us.

Praise for Jim Cramer of Mad Money

Cramer

“The age of laize fair economics is over. We need rules.”

“Obama & Geithner are doing the right thing.” 

 “People who review this show through a political lens always fail to understand. I’ll be critical of Obama when he is doing bad and support him when he is doing good.”

  The third quote is how I feel in my political blogging efforts. If I see it, I’m calling it out. I don’t care if they are in my party or not.

 It is possible that all the recent bad PR (which I was part of) surrounding Cramer has evoked this more straight-forward way of simply saying that he could be wrong as I just heard him do.

Personally, I think this wise. I am sure there are some who might muse:

“But if he might me wrong then why should we take stock advise from him? Why not just ask some random guy off the street?”

Well he actually has worked in private industry and knows a thing or two. Should anyone swear by his approvals or disprovals? No.

But I am seeing this new face of Mad Money, and I like it. Just like it should be. An everyday person’s stock quote show.

Just Call Me a Populist-Christian

A liberal, sure. First and foremost.

But I’m not running from being labeled a populist. Red-baiting doesn’t phase me anymore. Let those who attempt and fail at political understanding call me what they will. I am unashamed. With the change of a single word in a historical quote from the first American Populist to run for president in 1896 you can sum up everything I have to say about the current condition of the American Economy:

You shall not press down upon the brow of labor this crown of thorns, you shall not crucify mankind upon a cross of gold [credit].”  – William J. Bryan

The bloody cross of the middle-class and the working-poor should be bore no longer! The whips of old exchanged for bare hands.

This yoke of “credit” and “credit approval” has far too long strangled the workforce of North America from advancing in social class and status. The burden by no means stops there.

The very integrity of the American-worker has been bought and sold on the open market for far too long.

The largest of institutions have had ultimate sway on matters pertaining to them for an age and a day too long.

The era of protectionism has taught us well. No market is isolated. No economy is independent of the strongest economy known to exist. Recent events have shown us this beyond any reasonable doubt.

But the era of “Deceptionism” has yet to be fully addressed, or even understood. No industry is without accountability. No private incorporation is fit to possess a majority share of any highly successful venture.

The essence of mass-deregulation and “trickle-down economies” have only benefited the highest levels of the business world up until now and will only ever benefit the rich at the cost of the poor.

I do not support a return to the Gold Standard as those like Congressman Ron Paul who I have much respect for propose. The credit system and the existence of “credit lines” themselves are not the source of the crown of thorns.

Those who sought to lead us blindly into this recession cannot be fully trusted. Those who hide the truth become party to a much greater misdeed. We should stand silent no longer.

To those who came before us in days of Vietnam. We say to them we have seen your sorrows and known your pain. But we are not shedding blood nor issuing violence as our battering ram against authority.

We demand recognition that our tools are but words, protests and non-violent actions. Choked of our very means of ways by the ever-expanding, all powerful monopolies across our markets. Let all who allowed this to transpire as such come only but to apologize before the public.

Let the regulators who took part in this only shamefully resign. Let the business leaders who did nothing to tell of the coming recession when many Americans, including my father and myself, were fully aware of its coming onslaught only plead for willingness to allow them near our political structure.

I say these words as member of the Progressive Movement and a registered Democratic voter in California. Let us never forget the modern progressive, or alternatively the modern liberal, was forged in the first Progressive Reform Movement of one hundred years past. And the Populist Movement stands the father of the Progressive.

While we do not resemble our forerunners we are much the same as they. There is no tolerance for “absolutism” in the control of the means to better ourselves.