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.

Tracking The Stimulus Money

The most obvious choice for a tax-payer who is interested in learning more about the stimulus money and how it is being spent is Recovery.Gov.

There is also the addition of the website Recovery.Org to the mix.

But the most open-sourced transparency and best place, in my opinion, to address this issue while using the internet as a source would be at the George Mason Unversity’s Mercatus Center who recently released the website StimulusWatch.Org.

If you desire to take a more direct approach to tracking the funds you should visit ShovelWatch.Org.

eTrade and the Recession

I have been intentionally over-paying those little everyday expenses like tipping and things like not using the local ‘insider’ coupon clip.

It’s been awhile for me personally since I bought a product online, but supporting eTrade is another way is try to do your little part to shoot some life into the economy while your online.

I plan to buy the next gift for someone special via online.

Net-Trade is complex for the ordinary consumer to understand but there are multiple ways to support domain hosts, web loggers, local businesses and local markets.

Change starts at home.

Making your home more energy efficient in every way possible is a sound investment. Energy costs are not likely to drop in any foreseeable future.

This is just one of many steps I suggest you take to affect real change in your local environment and community.

The federal government can only do so much. Each bailout and stimulus they devise will ultimately fail if the Consumer Markets do not participate.

We need to take the time to educate ourselves enough as citizens to better understand our role at this stage in our national economy.

We all can make some difference.

We all can effect some amount change within our respective spheres.

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.

Boom and Bail Economy

Boom and Bust” economies are easy enough to understand but I wonder if many Americans have come to have a grasp on what exactly this previous economic model that hopefully will be forever trashed exactly is and should be termed.

Boom and Bail” as coined by Naomi Klein.

We all on a “economic-boat.” Certain people aboard created holes of corruption with their corrupt practices.

As we take on water and the earnest crew members try to salvage the situation there is much need to look around at those we pass the buckets to.

Which of them bore the holes? Which of them would yet still commit folly at the heavy cost to us all?

I threw my lot in with the new captain and I remain behind his strategy.

We are the most epic and monolithic vessel ever to sail these seas. Our efforts would only naturally appear preposterous and outlandish to our counterparts who suffered the same storm as we.

We must remain steadfast. Do our bit and make our voice known.

Nothing more. Nothing less.

Allowing the Boom and Bail Economy to repeat its course would result in nothing but a trip to the bottom of the ocean.

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.