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“There are no… limits to the carrying capacity of the earth that are likely to bind any time in the foreseeable future. There isn't a risk of an apocalypse due to global warming or anything else. The idea that we should put limits on growth because of some natural limit, is a profound error and one that, were it ever to prove influential, would have staggering social costs.”

— Larry Summers, Former Director, White House Economic Council, While at the World Bank

Plop! Plop! Fizz! Fizz! Oh, what a relief it is!

We need to no longer fear taking financial fizzics, yet the world has not lost its belief that a couple of effervescent tablets is going to make the financial heartburn disappear. But before anything can be truly prescribed to what ails us all, we must look squarely at the reality of the current financial disease.

Our current bellyache is best outlined in the totality of Larry’s worldview above. In a world based solely on the universe of money, and since money, as defined in the twenty-first century, has no intrinsic values or limits, by accepting the economist’s financial metafizzical universe, growth is by definition unlimited.

Again by this definition, it leaves out the complexity of the human personality and the reality of natural law, especially the real physics of natural energetics.

So what happens when the real physics of the universe comes into conflict with the world’s financial elite fizzics? An old cranky, primitive duffer like me tends to think that natural physics is going to win, along with all the natural laws that accompany this form of reality. Furthermore, to quote the esteemed Mr. Summers, “were it (natural limit) to prove influential, would have staggering social costs.”

Tags: fizzics, GDP, Larry Summers, Keynesian, FED, fear, metis, Natural Law

Tags: bear market

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For which of you, desiring to build a tower, does not first sit down and count the cost, whether he has enough to complete it? Otherwise, when he has laid a foundation and is not able to finish, all who see it begin to mock him, saying, 'This man began to build and was not able to finish.'
— Jesus, Luke 14:28-30, ESV

Why would anyone currently want to begin a startup enterprise that will create new jobs in the United States of America?

The president would say, “If Congress would pass the Jobs Act now!” that would be a reason.

Congressional Republicans would say, “If we would just cut taxes to give small businesses incentives to hire people!” that would be a reason.

Again, why would anyone currently want to begin a startup enterprise that will create new jobs in the United States of America?

Then there is the Federal Reserve and the Treasury that seem to believe as long the “world financial markets” have access to various faux-fiat-money instruments and that interest rates remain near zero for the indefinite future, the trader’s computer programs, will bring prosperity to those, dare we say Ponzi” schemes, and that will allow their at least monthly potential manipulations thereof, to trickle down to the folks and the entrepreneurs in a positive way.

For example, on Monday, Obama announced another progressive income tax adjustment of $1.5 trillion, to make sure any chance of Voodoo economics’ trickle down will be processed through the ever expanding, cancerous, bureaucratic, Federal dinosaur. Later today it is expected the FED Chairman Bernanke will offer, “Let’s twist again, like we did a half century ago.”

All this means that traditional historic banking, as practiced for centuries, no longer has a means to service their traditional customers; but that is just one of a number of intended consequence of readjusting Babylon to the wishes of the Babylonian elite.

Tags: Barack Obama, FED, startup jobs, Congress, entrepreneur, PREFER Ltd

Tags: Wall Street, fiat money

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“Our present and future challenge is to provide opportunities for entrepreneurs to create sustainable new wealth within a climax economic ecosystem.”
— Jerry Bannon, Founder; The Wonder Springs Chronicle

Over the last couple of weeks we have entertained two Republican presidential debates and one American Jobs Act speech and the followup ideas on how to pay for it from president Obama. Before the first Republican debate Mitt Romney issued his Believe in America plan, which we will tackle shortly. In Europe the questions about the Euro and Greece and other sovereign debt continue to change with each passing day.

What we are really dealing with is an endgame of the twentieth century’s debt-leverage supercycle and a short term political future in which all leaders appear to be troglodytes attempting to resuscitate this past age of economic behemoths, dinosaurs and leviathans. However in the context of the two ages, their diversity could best be described as: Our Quantity of Life contrasted with Our Quality thereof. The goal of this week’s article is to frame the current twentieth century quantity of life concepts, within some potential quality of life solutions of the future.

To illustrate this contrast we shall thus begin with Mitt Romney’s Believe in America:

Pythagorean theorem: 24 words
Lord’s prayer: 66 words
Archimedes’ Principle: 67 words
Ten Commandments: 179 words
Gettysburg address: 286 words
US Declaration of Independence: 1,300 words
US Constitution with all 27 Amendments: 7,818 words
EU regulations on the sale of cabbage: 26,911 words

(Thanks Cyril through Grant Williams)

Grizzly USA Plan: 398 words — two copies on one piece of paper
Mitt Romney’s Believe in America: 39,176 words — 160 pages (88 in PDF)

(Using the same word counting software)

What would the futuristic Grizzly USA Plan do that Believe in America would not?

Tags: Grizzly USA, Believe in America, Mitt Romney, agriculture, military industrial complex, Barack Obama, Entrepreneurial Pioneer Area, Ron Paul, Rick Perry, social security

Tags: Grizzly USA

Tags: PREFER Ltd, Kauffman Foundation, Startup Act, Climax Ecosystem, Entrepreneurial Pioneer Area

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“If you don’t fundamentally change structure and culture, you are doomed to repeat history.”
— Diane Vaughn, Columbia University; Author: The Challenger Launch Decision

Humans sure are religious creations. We all believe in something, or someone, even if some people say they believe in nothing; nothing must have its corporate headquarters in Nowhere.

I bring this up because here on the west coast, late tomorrow afternoon, president Obama is finally giving his speech on saving the continuing to tank economy — just before the kickoff of the NFL season. I’m sure, just another teleprompter speech will be the talk around the water coolers and the coffee pots, as those who have real jobs, bolster up their courage to meet the hassles of the daily commute home. So remember to set your DVRs!

It has to be some religious issue for Barack Obama, like someway his words are going to recreate reality. Most leaders would leak a 5, 7, or 10, or 12 point plan with all sorts of backup data and then make a few well chosen remarks about the high points, and let the analysts and the pundits have their way with the details. But not this president, this speech has been hyped for a month; at least it seems that way. The “Hallelujah, Thank you Barack!” seems to have lost its revivalist luster.

Adding some economic context, everyone pretty much knows that the speech will be essentially about the New-New Deal Keynesian stimulus, which will not be called stimulus, that will provide a mechanism to rebuild twentieth century infrastructure, and to provide prevailing wage union jobs to bring it about, once all the regulatory hurdles are jumped and moats are crossed. But wait, that moat must be a wetland; so one could foresee a decade of moat crossing regulations that will need to be fill or fulfilled, before. . . — Wasn’t this supposed to be about creating jobs?

Rick Perry, the Republican party frontrunner, says and writes that he is FED UP! with the size of the Federal Government. Since growing federalism has been around for 150 years, and has become more “progressive” as time has elapsed, that sounds a whole lot like “hope in change” with just a slightly different religious spin.

Personally it seems that, “How’s that Hopey-Changey Thing Workin’ Out for Ya?” appears to be, “That same-ol’, same ol’ isn’t workin’ either!”

Tags: Barack Obama, Rick Perry, Grizzly USA, Business Ecology, Climax Ecosystem, GDP, Great Depression, Entrepreneurial Pioneer Area