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.

If Women Ruled the World…

’Women’s Liberation’ Aims to Free Men, Too

 Gloria Steinem, The Washington Post, June 7th, 1970

“Simply Incorruptible”

“ONE FINAL myth that women are more moral than men. We are not more moral; we are only uncorrupted by power. But until the old generation of male chauvinists is out of office women in positions of power can increase our chances of peace a great deal.”

“I personally would rather have had Margaret Mead as President during the past six years of Vietnam than either Lyndon Johnson or Richard Nixon. At least she wouldn’t have had her masculinity to prove. Much of the trouble this country is in has to do with the masculine mystique: The idea that manhood somehow depends on the subjugation of other people. It’s a bipartisan problem.”

***

I do not fully subscribe to Steinem’s logic that women are uncorrupted by power. I believe absolute power corrupts absolutely, with no exceptions. However, it may very well be true in the time the words were first spoken that if the so dubbed ‘masculine mystique’ were removed from the scenario that many atrocities committed in Vietnam might have been averted.

The greater issue, in my mind, is always resources and the means of production. Such matters supersede the confines of gender and gender roles. I am, however, quite willing to commit to the idea that if only women were allowed to hold administrative offices that there would indeed be far less warfare in the world as a whole.

Ultimately, there would be no end to wars and subjugation of one over the other. I envision a world of more practical wars and even more decisive moves than those we see in leaders both of the past and today. The War Machine would continue, but take a form it has known before. A much more humble machine.

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Gloria Steinem is a free-lance writer and a contributing editor of New York Magazine. The accompanying article [above quote] is excerpted from a commencement address at Vassar College in Poughkeepsie, N.Y. Miss Steinem says that it “was prepared with great misgivings about it’s reception, and about the purpose of speaking at Vassar.”

 

http://scriptorium.lib.duke.edu/wlm/aims/