Week in Review
Special Report: Is the World Broke?
07/June/2010 07:30
Updated
07/June/2010 11:00
Late last week I tuned into the Fox Business Channel and at the bottom of the screen was the tag, “Is the world broke?” What little time I listened to the discussion, it seemed that the participants were questioning the broke concept as in bankrupt. However when you consider the concept of bankruptcy you generally link the term with being or running out of money. In a world in which nations print their own money either individually as in the case of the United States, China, and most other nations of the world, they can always print more money and devalue their currency, so broke in their literal sense is impossible.
For the Eurozone going broke makes a little more sense in the fact that certain countries may run out of Euros and other countries or financial institutions fail or refuse to give them anymore. In that sense the Euro only will continue to work, if its support is linked to the willingness of all parties to adopt a somewhat consistent approach as far as spending and taxes.
In the United States we are told that it is impossible for the states to go broke literally, as in bankrupt. Since they cannot create their own currency however, that makes for the between a rock and a hard place a reality that many states now face, but as of yet are unwilling to create the austere conditions to bring into harmony unsustainable spending and limited revenues. This means that eventually they will come to the Federal government for funding not all that different from what is now faced by Eurozone countries.
However, there is another definition of broke, that as of yet none of the world’s political leaders, business moguls, spin merchants, or any other group that claims some sort of elitist power or authority, will admit. That is the world in which they say they created, know what is going on, or hope again to set on the right path is truly broke, like broken, it no longer works.
Last December in “Humpty Dumpty in a New Century” we describe Humpty Dumpty in American terms, but now we see that good old Mr. Dumpty has returned to his continental roots as well. Just as in the American story, the refrain remains pretty much the same. “If we, all the kings horses and all the kings men, all come together and work diligently we can surely put Humpty Dumpty back together again!”
The question no one is asking today is, “Could the reason Humpty Dumpty fell off the wall in the first place, is all the kings horses and all the kings men are responsible?” If that is the case and you just replace Humpty Dumpty on a shaky wall of the world’s financial condition, even if for the short term, things might get a little better, but there are really only two alternatives for a long lasting solution.
Read More...
Late last week I tuned into the Fox Business Channel and at the bottom of the screen was the tag, “Is the world broke?” What little time I listened to the discussion, it seemed that the participants were questioning the broke concept as in bankrupt. However when you consider the concept of bankruptcy you generally link the term with being or running out of money. In a world in which nations print their own money either individually as in the case of the United States, China, and most other nations of the world, they can always print more money and devalue their currency, so broke in their literal sense is impossible.
For the Eurozone going broke makes a little more sense in the fact that certain countries may run out of Euros and other countries or financial institutions fail or refuse to give them anymore. In that sense the Euro only will continue to work, if its support is linked to the willingness of all parties to adopt a somewhat consistent approach as far as spending and taxes.
In the United States we are told that it is impossible for the states to go broke literally, as in bankrupt. Since they cannot create their own currency however, that makes for the between a rock and a hard place a reality that many states now face, but as of yet are unwilling to create the austere conditions to bring into harmony unsustainable spending and limited revenues. This means that eventually they will come to the Federal government for funding not all that different from what is now faced by Eurozone countries.
However, there is another definition of broke, that as of yet none of the world’s political leaders, business moguls, spin merchants, or any other group that claims some sort of elitist power or authority, will admit. That is the world in which they say they created, know what is going on, or hope again to set on the right path is truly broke, like broken, it no longer works.
Last December in “Humpty Dumpty in a New Century” we describe Humpty Dumpty in American terms, but now we see that good old Mr. Dumpty has returned to his continental roots as well. Just as in the American story, the refrain remains pretty much the same. “If we, all the kings horses and all the kings men, all come together and work diligently we can surely put Humpty Dumpty back together again!”
The question no one is asking today is, “Could the reason Humpty Dumpty fell off the wall in the first place, is all the kings horses and all the kings men are responsible?” If that is the case and you just replace Humpty Dumpty on a shaky wall of the world’s financial condition, even if for the short term, things might get a little better, but there are really only two alternatives for a long lasting solution.
Read More...
The World’s Moola Redux
17/May/2010 08:14
It was
only a week ago when we woke up to understand that
with a little encouragement from President Obama,
European countries had come up with a trillion
dollar plan to save the Euro and everything would
soon be back to change we can believe in. One week
later, we are wondering compared to the dollar how
far the Euro will fall, or even if the currency
will continue to exist.
Then there is all that dirty air over there, caused by that pesky volcano in Iceland. How in the world are we supposed to fly around from here to there, showing everybody how wonderful all the stuff we have created is doing, when we are thwarted by our efforts by some tiny airborne particles of abrasive rocks?
Here in the good old USA the Gulf of Mexico Oil Spill continues, with no apparent understanding of how well the funny pipe thing fix installed yesterday is going to work. So in the absence of any news on that front, concern has shifted to what is happening to all the oil that is now floating around. Should we use dispersants that may cause more ecological problems than the oil itself? How far will the oil go, how fast? Can BP even continue to exist as a company in light of all the expenses and legal claims? One thing I did learn is that deep sea water is about 3 degrees Celsius, (35 Fahrenheit), and at those depths and pressures that is really a different place than what we naturally can understand, so perhaps we should cut those engineers a little slack.
Less we forget, there is no real news on what caused the near 1000 point fall in the Dow a week ago last Thursday. There was some discussion of a big trade(s) made by somebody about that time, but whoever they were, denied that they had anything to do with it. So the search goes on, but with markets being controlled by computers using models based upon past histories and triggered by various algorithms of risk, we should really have nothing to worry about. That is especially true if we are big and sophisticated enough to buy some credit default swaps, to insure our leverage, so that the white holes in the universe that spew out money will remain our back stop.
Let’s see what else caught our attention? Out of Washington, if Elena Kagan becomes the next Supreme Court Justice, this Washington state’s governor, Kristine Gregoire is favored to be the next Solicitor General. That would be a real blessing out here, for after her life as both a mediocre state Attorney General and Governor, the best we could ever hope to do is shuffle her off to that other Washington and get her out of the state, hopefully for good.
Then again maybe she could replace Eric Holder as the national Attorney General, she is wise enough to understand before you go spouting off about the Arizona Immigration Law, she would have read the 16 or 10 pages of the Arizona bill, before and after amendments. Read More...
Then there is all that dirty air over there, caused by that pesky volcano in Iceland. How in the world are we supposed to fly around from here to there, showing everybody how wonderful all the stuff we have created is doing, when we are thwarted by our efforts by some tiny airborne particles of abrasive rocks?
Here in the good old USA the Gulf of Mexico Oil Spill continues, with no apparent understanding of how well the funny pipe thing fix installed yesterday is going to work. So in the absence of any news on that front, concern has shifted to what is happening to all the oil that is now floating around. Should we use dispersants that may cause more ecological problems than the oil itself? How far will the oil go, how fast? Can BP even continue to exist as a company in light of all the expenses and legal claims? One thing I did learn is that deep sea water is about 3 degrees Celsius, (35 Fahrenheit), and at those depths and pressures that is really a different place than what we naturally can understand, so perhaps we should cut those engineers a little slack.
Less we forget, there is no real news on what caused the near 1000 point fall in the Dow a week ago last Thursday. There was some discussion of a big trade(s) made by somebody about that time, but whoever they were, denied that they had anything to do with it. So the search goes on, but with markets being controlled by computers using models based upon past histories and triggered by various algorithms of risk, we should really have nothing to worry about. That is especially true if we are big and sophisticated enough to buy some credit default swaps, to insure our leverage, so that the white holes in the universe that spew out money will remain our back stop.
Let’s see what else caught our attention? Out of Washington, if Elena Kagan becomes the next Supreme Court Justice, this Washington state’s governor, Kristine Gregoire is favored to be the next Solicitor General. That would be a real blessing out here, for after her life as both a mediocre state Attorney General and Governor, the best we could ever hope to do is shuffle her off to that other Washington and get her out of the state, hopefully for good.
Then again maybe she could replace Eric Holder as the national Attorney General, she is wise enough to understand before you go spouting off about the Arizona Immigration Law, she would have read the 16 or 10 pages of the Arizona bill, before and after amendments. Read More...
America’s Moola Redux
10/May/2010 10:04
It
only took a week for Federal government officials
to determine that the 1 May terrorist attack in New
York’s Time Square was not the work of a lone
disgruntled new American citizen, but that he had
training, finances and other resources at his
disposal from Pakistan’s Taliban. So again we see
that even though America’s politically correct do
not believe that Islamic jihadis are trying to
create chaos here in the United States, it is just
those poor misguided religious people just don’t
understand how warm, caring, we infidels really
are. It is such a shame that they are too primitive
to understand our evolutionary scheme, not only for
America but the whole world.
Likewise on Sunday we learned that the Obama Administration’s homeland security and counterterrorism team has no evidence that Thursday’s near 1000 point drop of the Dow Jones was caused by any cyber attack. So from the guys that were behind the lone disgruntled bomber spin, we are to believe that they finally got something right. Just like they were busy with the Gulf oil spill, “From day one.”
It is just nine days until the world celebrates the 110th anniversary of the publishing of the prophetic book “The Wonderful Wizard of OZ.” For now it seems the Wizards of Washington and the Wizards of Wall Street want us to believe that they are not part of that fable, but for now they are not doing a very good job. So we are told to believe some computer glitch somewhere somehow was responsible for the mystery of the disappearance of roughly a trillion dollars and then a return of a good chunk of it a few minutes later. We could blame it on an act of God, but that would require a belief in a Supreme Being and since that is currently un-American we will have to leave that Godly interpretation in the hands of Islamic human caused disaster creators.
So today business is back to our usual yellow brick road to a unified kerfuffle theory and we will have to wait until we learn what really happened as America’s financial wizards try to determine what really happened last Thursday — from day one. Meanwhile over in Europe the wizards of the European Union have come up with a trillion dollar plan to stabilize the Euro as Greece continues to hemorrhage financially and physically. So that they don’t feel lonely the citizens of Great Britain have to wonder when their election results will finally lead to a new Prime Minister wizard, who will cobble together a government.
Maybe a stupendous tornado will come about and we can be all transported back to Kansas, 110 years ago!
Read More...
Likewise on Sunday we learned that the Obama Administration’s homeland security and counterterrorism team has no evidence that Thursday’s near 1000 point drop of the Dow Jones was caused by any cyber attack. So from the guys that were behind the lone disgruntled bomber spin, we are to believe that they finally got something right. Just like they were busy with the Gulf oil spill, “From day one.”
It is just nine days until the world celebrates the 110th anniversary of the publishing of the prophetic book “The Wonderful Wizard of OZ.” For now it seems the Wizards of Washington and the Wizards of Wall Street want us to believe that they are not part of that fable, but for now they are not doing a very good job. So we are told to believe some computer glitch somewhere somehow was responsible for the mystery of the disappearance of roughly a trillion dollars and then a return of a good chunk of it a few minutes later. We could blame it on an act of God, but that would require a belief in a Supreme Being and since that is currently un-American we will have to leave that Godly interpretation in the hands of Islamic human caused disaster creators.
So today business is back to our usual yellow brick road to a unified kerfuffle theory and we will have to wait until we learn what really happened as America’s financial wizards try to determine what really happened last Thursday — from day one. Meanwhile over in Europe the wizards of the European Union have come up with a trillion dollar plan to stabilize the Euro as Greece continues to hemorrhage financially and physically. So that they don’t feel lonely the citizens of Great Britain have to wonder when their election results will finally lead to a new Prime Minister wizard, who will cobble together a government.
Maybe a stupendous tornado will come about and we can be all transported back to Kansas, 110 years ago!
Read More...
The Wizard of Oz in America’s Struggles
03/May/2010 10:51
Two
weeks from today, 18 May 2010 will hallmark the
110th anniversary of the publishing of the
children’s book
“The Wonderful Wizard of OZ.”
For
most of that interlude American adults have tried
to move to OZ, simply because it was a fantasyland
as far from the reality of Kansas as they could
get. So today, as with real children, they are mad,
because the Wizards of Washington and the Wizards
of Wall Street haven’t the ability to maintain that
fable.
In that context, the Tea Parties, the protesters of Arizona’s new enforcement of immigration laws, and the whining and moaning about the evils of Wall Street, do really little but unmask the reality that all our hoped or hyped wizards are really just men, many times small men, not related to their physical size, who try to maintain at great expense the fantasized illusion of their wizardry they eagerly promote.
I have to give credit for this new found insight into the illusion of America to none other than Glenn Beck. So with deference to Shakespeare, let me set the stage. On Saturday afternoon I returned after a short hiatus to Spokane. This trip, which may become an annual affair, was to commemorate 30 April, which in Washington State is the date that the first half of the year’s property taxes are due. This year for reasons external to this reporting this was a significant and memorable event.
So later that evening I began to catch up on programs recorded on my DVR. On the Thursday show Beck was spun very tight because he believed that all those liberal Progressives seemed out to get him, and furthermore they were trying to turn the United States into a series of Emerald Cities through Cap and Trade. To which my first and continued response is, “Duh?”
Read More...
In that context, the Tea Parties, the protesters of Arizona’s new enforcement of immigration laws, and the whining and moaning about the evils of Wall Street, do really little but unmask the reality that all our hoped or hyped wizards are really just men, many times small men, not related to their physical size, who try to maintain at great expense the fantasized illusion of their wizardry they eagerly promote.
I have to give credit for this new found insight into the illusion of America to none other than Glenn Beck. So with deference to Shakespeare, let me set the stage. On Saturday afternoon I returned after a short hiatus to Spokane. This trip, which may become an annual affair, was to commemorate 30 April, which in Washington State is the date that the first half of the year’s property taxes are due. This year for reasons external to this reporting this was a significant and memorable event.
So later that evening I began to catch up on programs recorded on my DVR. On the Thursday show Beck was spun very tight because he believed that all those liberal Progressives seemed out to get him, and furthermore they were trying to turn the United States into a series of Emerald Cities through Cap and Trade. To which my first and continued response is, “Duh?”
Read More...
States Rights as Natural as Wildness
26/April/2010 14:31
The
United States of America used to be understood by
the slogan, “Out of many — one.” It is now becoming
better defined as, “Out of many — chaos.”
This evolution has taken place most dramatically in the last fifty years, but those chaotic roots run deep for at least the last century.
In January, when we began the “Why Me? A Novel — Novel of Historic Apprehension” it looked like there was a window in America’s trek to Gomorrah, in which we could develop a little historic context about how we got here and where we were headed, regardless of the desires of mice and men. It looks like the mice are holding up quite well in contrast to the best intentions of American leadership, but a couple realities did begin to be seen as “Why Me?” progressed, which show as early buds of the coming American political spring.
During those four months it was easy to anticipate the passage of Obamacare, but the firestorm of issues related to the individual mandate for people to purchase insurance, angered individuals, but also set off a spring burn of protests at the state level. Who would have thought at the beginning of the year that about a third of the states would begin to act like real sovereign states. All this time we thought they were extinct, except for collecting taxes and creating arcane regulations. We will here attempt to put some natural spring into these new found rumblings. We will look at the heavy lifting of what is just beginning under the Washington guise of “Financial Reform” in our Wednesday article.
I would suppose one could make the case that the concept of state dependency began during the Great Depression and the New Deal that followed. But the way the history has hyped that period among all the enlightenment progressive spin, it makes it impossible to find the states at all. Those who are yet still alive and actually went through that period were too young understand the context.
However using estimated dates beginning with the Civil Rights Movement: 1955-1968; the Viet Nam War Protests: 1965-1975; and the Environmental Movement: 1962-1981; we essentially saw urban intellectual evolution commandeer all aspects of American unity and those who disagreed with their worldview were vilified as: racists, warmongers, and primitive knuckle draggers.
This as continued to evolve until today, we have the Lame Stream Media basically becoming propaganda asylums, and fair and balanced reporting, sponsoring battling pundit promotions. What is lost in all this is the fact that human beings were generally created to like one another and to help one another succeed. In that respect to believe that a bloated Federal government can fix societies ills is truly insanity.
Read More...
This evolution has taken place most dramatically in the last fifty years, but those chaotic roots run deep for at least the last century.
In January, when we began the “Why Me? A Novel — Novel of Historic Apprehension” it looked like there was a window in America’s trek to Gomorrah, in which we could develop a little historic context about how we got here and where we were headed, regardless of the desires of mice and men. It looks like the mice are holding up quite well in contrast to the best intentions of American leadership, but a couple realities did begin to be seen as “Why Me?” progressed, which show as early buds of the coming American political spring.
During those four months it was easy to anticipate the passage of Obamacare, but the firestorm of issues related to the individual mandate for people to purchase insurance, angered individuals, but also set off a spring burn of protests at the state level. Who would have thought at the beginning of the year that about a third of the states would begin to act like real sovereign states. All this time we thought they were extinct, except for collecting taxes and creating arcane regulations. We will here attempt to put some natural spring into these new found rumblings. We will look at the heavy lifting of what is just beginning under the Washington guise of “Financial Reform” in our Wednesday article.
I would suppose one could make the case that the concept of state dependency began during the Great Depression and the New Deal that followed. But the way the history has hyped that period among all the enlightenment progressive spin, it makes it impossible to find the states at all. Those who are yet still alive and actually went through that period were too young understand the context.
However using estimated dates beginning with the Civil Rights Movement: 1955-1968; the Viet Nam War Protests: 1965-1975; and the Environmental Movement: 1962-1981; we essentially saw urban intellectual evolution commandeer all aspects of American unity and those who disagreed with their worldview were vilified as: racists, warmongers, and primitive knuckle draggers.
This as continued to evolve until today, we have the Lame Stream Media basically becoming propaganda asylums, and fair and balanced reporting, sponsoring battling pundit promotions. What is lost in all this is the fact that human beings were generally created to like one another and to help one another succeed. In that respect to believe that a bloated Federal government can fix societies ills is truly insanity.
Read More...
Happy Days Again? Not Here, Not Yet!
19/April/2010 11:18
>>PDF copy
Today marks the fifteenth anniversary of the domestic terrorist attack on the Federal Building in Oklahoma City. Subsequent to that act an unrepentant, Timothy McVeigh, was found guilty and was executed. There is a very old saying that goes, “Actions speak louder than words.” Last week former President Clinton made remarks saying that he saw similarities between the words of Tea Party participants and that bombing which took place on 19 April 1995. Of course there has been a lot of media attention to those remarks, but none seem intelligent enough to see perhaps a link to the words and maybe the actions of then President Clinton, which may have contributed to McVeigh’s actions just a little over two years after the President began his first term.
Also last week, here in the USA, land of liberty, home of the free and the brave, President Obama made somewhat similar condescending remarks about how funny traditionally minded Tea Party participants were acting. In the context that he has fixed America’s continuing problems; with programs more outmoded than any our Chinese government partners could envision. Once we sock it to those Fat Cat bankers, and create all sorts of user fees for everything under the sun, it will be nice to know that the President has not raised the income taxes on those Americans who make less than $200,000.
I do have to agree with the President however, if the Tea Party people think that by attending some rallies, carrying some signs, and even electing some more conservative Republicans, to replace those awful liberal Democrats, they will in someway change the politics in Washington and business on Wall Street, then that is really a ironic joke. Sad, definitely true but still despairingly amusing.
Listening to the President, his staff, and his media amigos, happy days are here again. Rah! Rah! Rah! Well happy days may be back for Wall Street and federal workers, but those happy days here, are about as far away as the distance to New York City and Washington DC. Here in the Northeast corner of the other Washington (State) things are as bad as they have ever been and that may include the Great Depression.
Of course any of those people who were alive during the Great Depression and old enough to remember the details of those hard times; they are now dead. Back then those people who lived out west were a pretty much self sufficient lot. Everyone grew most of their own food, raised their own meat, and canned or put it up for the winter. There might not have been a lot of variety in the daily table course, but people didn’t go hungry, and if someone was in need their neighbors helped them out. Read More...
Today marks the fifteenth anniversary of the domestic terrorist attack on the Federal Building in Oklahoma City. Subsequent to that act an unrepentant, Timothy McVeigh, was found guilty and was executed. There is a very old saying that goes, “Actions speak louder than words.” Last week former President Clinton made remarks saying that he saw similarities between the words of Tea Party participants and that bombing which took place on 19 April 1995. Of course there has been a lot of media attention to those remarks, but none seem intelligent enough to see perhaps a link to the words and maybe the actions of then President Clinton, which may have contributed to McVeigh’s actions just a little over two years after the President began his first term.
Also last week, here in the USA, land of liberty, home of the free and the brave, President Obama made somewhat similar condescending remarks about how funny traditionally minded Tea Party participants were acting. In the context that he has fixed America’s continuing problems; with programs more outmoded than any our Chinese government partners could envision. Once we sock it to those Fat Cat bankers, and create all sorts of user fees for everything under the sun, it will be nice to know that the President has not raised the income taxes on those Americans who make less than $200,000.
I do have to agree with the President however, if the Tea Party people think that by attending some rallies, carrying some signs, and even electing some more conservative Republicans, to replace those awful liberal Democrats, they will in someway change the politics in Washington and business on Wall Street, then that is really a ironic joke. Sad, definitely true but still despairingly amusing.
Listening to the President, his staff, and his media amigos, happy days are here again. Rah! Rah! Rah! Well happy days may be back for Wall Street and federal workers, but those happy days here, are about as far away as the distance to New York City and Washington DC. Here in the Northeast corner of the other Washington (State) things are as bad as they have ever been and that may include the Great Depression.
Of course any of those people who were alive during the Great Depression and old enough to remember the details of those hard times; they are now dead. Back then those people who lived out west were a pretty much self sufficient lot. Everyone grew most of their own food, raised their own meat, and canned or put it up for the winter. There might not have been a lot of variety in the daily table course, but people didn’t go hungry, and if someone was in need their neighbors helped them out. Read More...
2 Big 2 Work!
12/April/2010 08:48
The bellyachers are
giving me a headache. Well, actually they seem to
be more akin to a pain at the end of the alimentary
canal, but unless it is phrased in that way, it
becomes politically incorrect. Let me see if I have
got this straight? You have a beef with the fact
that you have to pay way too much income tax when
you and yours gross six figures a year and nearly
half of the American households pay nothing.
It is really too bad that your mortgage is upside down by about 50% and your 401k and the rest of your investments lost about the same, and you still are not back on track to retiring early, with only your four thousand square foot McMansion in the ‘burbs, and your two thousand square foot second home in the foreign paradise. You can cry me a river, but I really don’t care. Welcome to the real world.
Bah! Bah! Bah! You went to work everyday, did the best you could, never took any real risk and suddenly you were a millionaire. Well, at least you were a millionaire. Nobody ever called you a sheep, sheep can’t leverage a mid-level professional job, with really only bureaucratic skills, into a million bucks. Truly this was an absolute miracle, helped along with cheap credit, marketing, and educational propaganda. After all you are worth it, and you have the room full of seventh place trophies to prove it.
Suddenly the 2 BIG 2 work vultures from the government want you to pay what they call your fair share. It isn’t just the Feds, it’s the state, the county, and the city too. Even the home owners association wants more money to keep the water feature pumping. Just like me, they all don’t want to hear your story of an American Dream of a pampered upbringing turned into gentrified nausea. You had it all, peaches and cream, and now it is time to pay the dues.
Perhaps you didn’t DVR Alan Greenspan on C-Span last week when he said he thought he was doing the right thing during lllooonnnggg his term at the Fed, and now in hindsight there may have been just a few tweaks of the economy that might have led to a continuing-continuum of eternal prosperity. However now that this bubble burst and after ObamaCare has passed, old Alan has some fresh insights that we might not be able to pay for everything at the same time.
Maybe you should send him one of your seventh place trophies for a reward!
Read More...
It is really too bad that your mortgage is upside down by about 50% and your 401k and the rest of your investments lost about the same, and you still are not back on track to retiring early, with only your four thousand square foot McMansion in the ‘burbs, and your two thousand square foot second home in the foreign paradise. You can cry me a river, but I really don’t care. Welcome to the real world.
Bah! Bah! Bah! You went to work everyday, did the best you could, never took any real risk and suddenly you were a millionaire. Well, at least you were a millionaire. Nobody ever called you a sheep, sheep can’t leverage a mid-level professional job, with really only bureaucratic skills, into a million bucks. Truly this was an absolute miracle, helped along with cheap credit, marketing, and educational propaganda. After all you are worth it, and you have the room full of seventh place trophies to prove it.
Suddenly the 2 BIG 2 work vultures from the government want you to pay what they call your fair share. It isn’t just the Feds, it’s the state, the county, and the city too. Even the home owners association wants more money to keep the water feature pumping. Just like me, they all don’t want to hear your story of an American Dream of a pampered upbringing turned into gentrified nausea. You had it all, peaches and cream, and now it is time to pay the dues.
Perhaps you didn’t DVR Alan Greenspan on C-Span last week when he said he thought he was doing the right thing during lllooonnnggg his term at the Fed, and now in hindsight there may have been just a few tweaks of the economy that might have led to a continuing-continuum of eternal prosperity. However now that this bubble burst and after ObamaCare has passed, old Alan has some fresh insights that we might not be able to pay for everything at the same time.
Maybe you should send him one of your seventh place trophies for a reward!
Read More...
Malignant Money
05/April/2010 09:45
There is a universal
belief that with enough money life in short order
will become a bed of roses, or some other silly
metaphor. In that context the question now becomes,
“Where’s the money?”
With more dollars floating around somewhere than in the entire history of the world, there should be money, money everywhere and inflation should be a significant worry. There is none of that. Furthermore everywhere you look for answers you don’t see or hear anything related to the present reality.
For an example in that present reality, last Thursday I took my Saturn into the Midas Muffler shop in downtown Spokane to have its brakes replaced. The reason I went there, on my previous trip to Spokane in my pickup, I had had to have the brakes replaced on it also. Not only was the pickup price about ten percent less than I figured it would have been up in Northeast Washington, I now had essentially a ten percent off coupon for my next visit to Midas. In times like these you save all the money you can.
By the time I got to the place, located on the corner of Division and Spokane Falls Boulevard, it was just a little before 10 AM, probably the busiest time of the business day. This address is just across the street from essentially the downtown core. The convention center and related theaters begin just on the opposite diagonal corner. There are at least five repair bays on the office side of the structure and about three on the other part of the L.
As I walked into the office I was met by a lady of about retirement age, and I stated I needed to get my brakes fixed and I need to know how long it will take. She says she will get an estimate, takes my keys, and walks out into the shop. There seems to be only one guy working out there and he seems to be just doing some make work activity. So working alone he finishes my estimate and tells me to come back in about an hour and a half. When I return at about 11:30 my car is ready, and it looks like the guy is doing something minor on another vehicle and there are no other business related cars either in the shop or in the parking lot. I pay my bill and I am on my way.
So on a normal business day in the center of Spokane, the largest city from Seattle to about Minneapolis, in a major national automobile repair franchise, they probably didn’t cover the overhead for the time I was there. What about the rest of the day, week, month, or year?
Read More...
With more dollars floating around somewhere than in the entire history of the world, there should be money, money everywhere and inflation should be a significant worry. There is none of that. Furthermore everywhere you look for answers you don’t see or hear anything related to the present reality.
For an example in that present reality, last Thursday I took my Saturn into the Midas Muffler shop in downtown Spokane to have its brakes replaced. The reason I went there, on my previous trip to Spokane in my pickup, I had had to have the brakes replaced on it also. Not only was the pickup price about ten percent less than I figured it would have been up in Northeast Washington, I now had essentially a ten percent off coupon for my next visit to Midas. In times like these you save all the money you can.
By the time I got to the place, located on the corner of Division and Spokane Falls Boulevard, it was just a little before 10 AM, probably the busiest time of the business day. This address is just across the street from essentially the downtown core. The convention center and related theaters begin just on the opposite diagonal corner. There are at least five repair bays on the office side of the structure and about three on the other part of the L.
As I walked into the office I was met by a lady of about retirement age, and I stated I needed to get my brakes fixed and I need to know how long it will take. She says she will get an estimate, takes my keys, and walks out into the shop. There seems to be only one guy working out there and he seems to be just doing some make work activity. So working alone he finishes my estimate and tells me to come back in about an hour and a half. When I return at about 11:30 my car is ready, and it looks like the guy is doing something minor on another vehicle and there are no other business related cars either in the shop or in the parking lot. I pay my bill and I am on my way.
So on a normal business day in the center of Spokane, the largest city from Seattle to about Minneapolis, in a major national automobile repair franchise, they probably didn’t cover the overhead for the time I was there. What about the rest of the day, week, month, or year?
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The Law of Malignant Enlightenment
29/March/2010 11:43
Our friend
Et Tu Brute’ early Friday morning showed his
wisdom on how the passage of ObamaCare would be
greatly altered over time by the Law of Unintended
Consequences. Following Brute’s post it was truly
amazing how often this generally undefined law was
mentioned in the world of more traditional news
media and commentary. This was generally rebutted
by a more liberal response, “Yah, but, just wait
until it takes effect and everyone understands this
evolving opportunity.” The definition of
opportunity left to those less infected (sic).
Cutting through all the composting entropy, the rhetoric revolves basically around two mutually exclusive loci. A traditional or conservative spin states, “With the passage of ObamaCare the path to mutually assured destruction has been coated with black ice.” On the other side, now spun in the leftist or liberal construct, “America has now reached Beulah Land and the shining eternal city is just across the Serendipity Plain.”
Furthermore a little research into the Law of Unintended Consequences shows that the abstract is probably the best usage, since in that form the law can be used whenever one would like to make a point without really needing to rely on any points at all. “Essentially, in time the spectrum of unintended consequences will become clear, and I am just focusing on a few that fit my talking points, for talking points after all, is why I make the big bucks.”
Along that line, the talking points tend to focus on specifics of the actual ObamaCare bill such as, its size, cost, repeal, or replace, the list being very vendor specific. What all this tends to show is that the shallow shortsightedness that gave us the bill in the first place, will be used in the opposite direction to make it much better. With all these ignored, but now so plainly unforeseen and unintended consequences so apparent, the truth seems to be that ObamaCare must either be in its current form, created through intelligent design, or something, or some other unseen natural law must be working its magic.
This brings us to a more refined, contemporary, and previously undiscovered natural law: The Law of Malignant Enlightenment. Departing from the unintended law, we shall briefly define the Law of Malignant Enlightenment and then give three examples on how the law allows its applications to reach beyond the specifics of ObamaCare and touch the universal attributes that can be altered to achieve positive results in a world of limited resources and unlimited possibilities.
Read More...
Cutting through all the composting entropy, the rhetoric revolves basically around two mutually exclusive loci. A traditional or conservative spin states, “With the passage of ObamaCare the path to mutually assured destruction has been coated with black ice.” On the other side, now spun in the leftist or liberal construct, “America has now reached Beulah Land and the shining eternal city is just across the Serendipity Plain.”
Furthermore a little research into the Law of Unintended Consequences shows that the abstract is probably the best usage, since in that form the law can be used whenever one would like to make a point without really needing to rely on any points at all. “Essentially, in time the spectrum of unintended consequences will become clear, and I am just focusing on a few that fit my talking points, for talking points after all, is why I make the big bucks.”
Along that line, the talking points tend to focus on specifics of the actual ObamaCare bill such as, its size, cost, repeal, or replace, the list being very vendor specific. What all this tends to show is that the shallow shortsightedness that gave us the bill in the first place, will be used in the opposite direction to make it much better. With all these ignored, but now so plainly unforeseen and unintended consequences so apparent, the truth seems to be that ObamaCare must either be in its current form, created through intelligent design, or something, or some other unseen natural law must be working its magic.
This brings us to a more refined, contemporary, and previously undiscovered natural law: The Law of Malignant Enlightenment. Departing from the unintended law, we shall briefly define the Law of Malignant Enlightenment and then give three examples on how the law allows its applications to reach beyond the specifics of ObamaCare and touch the universal attributes that can be altered to achieve positive results in a world of limited resources and unlimited possibilities.
Read More...
The ObamaCare Wildfire
22/March/2010 09:00
Late last evening the
United States of America passed an ObamaCare reform
law and simultaneously unleashed a wildfire in the
country that will affect the country for years if
not decades to come. A wildfire, many times human
caused or even designed is an uncontrollable
reordering of the future by destroying the past and
creating opportunities for new growth to rapidly
occur out of the ashes of the old. Many times human
started controlled burns suddenly erupt into
uncontrollable wildfires and greatly change an
environment, well beyond the carefully laid plans
of the fire planners. Welcome to healthcare reform
circa 2010.
For over a year, off and on the healthcare debate has slowly intensified and generally revolves around both the cost and the constitutional question, if human governments can create rights, rather than being a gift of Natural Law given to humans by God. As of yesterday the debate was codified into law and started the wildfire which we will discuss briefly.
There are those who will continue to fight the hot spot battles related to human rights, the American federal government’s ability to create and to tax, and the continued desire to live beyond our means. Just as in a wildfire you will be able to tune to your favorite news channel, talk radio, or podcast and hear the yin and yang to support or defame your paradigms, but Washington DC this time next year will be a very different place than it is today. It will look like a wildfire passed through the capitol and there will be new shoots of growth beginning to sprout from the ashes, but still a lot of dead wood around, some of it standing some not. When you get out into the country those changes will begin to be seen also, but not the effects that the ObamaCare supporters had hoped.
Wildfires are frightening things, extremely rapidly they can change what has stood strong and relentless for centuries, and in a few minutes it is all gone. But if you look beyond the visual changes, what a wildfire does is fundamentally change the energetics of the ecosystem, including human ecosystems. You probably will only hear about the energetics of the ObamaCare wildfire here at Wonder Springs, so pass this to others.
Read More...
For over a year, off and on the healthcare debate has slowly intensified and generally revolves around both the cost and the constitutional question, if human governments can create rights, rather than being a gift of Natural Law given to humans by God. As of yesterday the debate was codified into law and started the wildfire which we will discuss briefly.
There are those who will continue to fight the hot spot battles related to human rights, the American federal government’s ability to create and to tax, and the continued desire to live beyond our means. Just as in a wildfire you will be able to tune to your favorite news channel, talk radio, or podcast and hear the yin and yang to support or defame your paradigms, but Washington DC this time next year will be a very different place than it is today. It will look like a wildfire passed through the capitol and there will be new shoots of growth beginning to sprout from the ashes, but still a lot of dead wood around, some of it standing some not. When you get out into the country those changes will begin to be seen also, but not the effects that the ObamaCare supporters had hoped.
Wildfires are frightening things, extremely rapidly they can change what has stood strong and relentless for centuries, and in a few minutes it is all gone. But if you look beyond the visual changes, what a wildfire does is fundamentally change the energetics of the ecosystem, including human ecosystems. You probably will only hear about the energetics of the ObamaCare wildfire here at Wonder Springs, so pass this to others.
Read More...
Three Word Transitions
15/March/2010 10:52
"How's
that hopey, changey stuff workin' out for ya?"
Well Sarah, it ain’t workin’ that well right now and come to think of it things haven’t worked all that well for quite a while.”
As we have been promoting in our Wonder Springs weekly articles for a number of weeks, change we can believe in is really change we can understand and makes us comfortable. However, if change really is the only constant in the world, then real stupendous change is truly freakin’ scary and it makes us withdraw further into our old sense of security, and we exacerbate the problems. Hence in real reality “Change we can believe in.” is really the enigma of continual angst. To question whether how much of this current change is by design or chance only magnifies the apprehension?
Last week in the Chronicle we looked at a number of religious antitheses to New England Calvinism. Calvinism defines the prime concept of its theology in three words that begin with the letter “G” standing for “Guilt, Grace, and Gratitude. In this week’s “Why Me?” article we will look at similar three word theses, these non-Calvinist and other religious expressions use to express their believe systems.
Watching Glenn Beck last Friday, he unveiled a similar progression to use in his work as he attempts to encourage others to begin to move beyond change we can believe in, as this country attempts to reset the nation on our constitutional foundation. Those three words were “Faith, Hope, and Charity.” These of course come from the old King James - American Revolution era translation of 1 Corinthians 13. Our modern versions use love instead of charity and consequently lose the true perspective of what the Apostle Paul was really saying.
Read More...
Well Sarah, it ain’t workin’ that well right now and come to think of it things haven’t worked all that well for quite a while.”
As we have been promoting in our Wonder Springs weekly articles for a number of weeks, change we can believe in is really change we can understand and makes us comfortable. However, if change really is the only constant in the world, then real stupendous change is truly freakin’ scary and it makes us withdraw further into our old sense of security, and we exacerbate the problems. Hence in real reality “Change we can believe in.” is really the enigma of continual angst. To question whether how much of this current change is by design or chance only magnifies the apprehension?
Last week in the Chronicle we looked at a number of religious antitheses to New England Calvinism. Calvinism defines the prime concept of its theology in three words that begin with the letter “G” standing for “Guilt, Grace, and Gratitude. In this week’s “Why Me?” article we will look at similar three word theses, these non-Calvinist and other religious expressions use to express their believe systems.
Watching Glenn Beck last Friday, he unveiled a similar progression to use in his work as he attempts to encourage others to begin to move beyond change we can believe in, as this country attempts to reset the nation on our constitutional foundation. Those three words were “Faith, Hope, and Charity.” These of course come from the old King James - American Revolution era translation of 1 Corinthians 13. Our modern versions use love instead of charity and consequently lose the true perspective of what the Apostle Paul was really saying.
Read More...
Week in Review – February 28 - March 6, 2010: Olympic hockey, healthcare, opportunity
08/March/2010 11:47
Can
you believe it just a week ago last Sunday the
winter Olympic Games came to an end? The men’s gold
medal hockey game in which the Canadians defeated
the USA in overtime was the best final in history.
The problem with hockey on television is that it
shares with baseball the excitement of watching
grass grow, except the grass field has been flooded
and frozen into an ice rink. This is contrasted
with live games, where speed and subtle moves can
make hockey one of the most exciting spectator
sports.
At the end of it all, the United States won more metals than any nation in history and the host Canadians won more gold, again setting a record. The games now pit professionals against professionals, which in our age should be because of the dedication required to perform at such a high level of skill.
The same cannot be said of America’s politicians. Sometime this week we expect the final redux of the Democrat’s healthcare reform package. The only thing for sure is that with or without ObamaCare, within a few years American’s will be paying 20 percent of GDP for health services. Then either reform, or reform of the reform, will and should be the nation’s top domestic priority.
It is true that most Americans are happy with their current coverage and don’t want it to change, simply because they get it for free or cheap with their job. So while they can see the doctor of their choice for routine matters, they never really understand the limitations of their current plan if they seriously need something called major medical.
Read More...
At the end of it all, the United States won more metals than any nation in history and the host Canadians won more gold, again setting a record. The games now pit professionals against professionals, which in our age should be because of the dedication required to perform at such a high level of skill.
The same cannot be said of America’s politicians. Sometime this week we expect the final redux of the Democrat’s healthcare reform package. The only thing for sure is that with or without ObamaCare, within a few years American’s will be paying 20 percent of GDP for health services. Then either reform, or reform of the reform, will and should be the nation’s top domestic priority.
It is true that most Americans are happy with their current coverage and don’t want it to change, simply because they get it for free or cheap with their job. So while they can see the doctor of their choice for routine matters, they never really understand the limitations of their current plan if they seriously need something called major medical.
Read More...
Week in Review – February 21-27, 2010: Olympic bobsleds, Chile earthquake, Obamacare
01/March/2010 12:31
Three
obtusely related things peaked our interest this
week. Those three were an episode from the
Vancouver Olympic Games, the earthquake in Chile,
and Obama’s healthcare summit in Washington DC.
Now you may be asking yourself how these three events are related at all, even if the obtuse modifier is used? The thing that ties together all of our points this week, relate to how people respond to an opportunity or a crisis, in our terms stupendous change.
Our zenith of this report was the results of the four man bobsled event at Whistler in which the United States won its first Gold medal since 1948. While that was a worthwhile achievement, what I found really interesting was what happened after the medals presentation, where the Americans were joined by the Silver medal winning Canadians and the Bronze medal Germans.
Before TV cameras all three teams sort of scrunched together for a group photo and in the process you had over 1000 kilos (2200 lbs.) of competitive alpha males getting up close and personal, all smiling like they sort of liked one another. I have searched for a picture of that happening but it doesn’t appear to have gotten significant press attention.
Read More...
Now you may be asking yourself how these three events are related at all, even if the obtuse modifier is used? The thing that ties together all of our points this week, relate to how people respond to an opportunity or a crisis, in our terms stupendous change.
Our zenith of this report was the results of the four man bobsled event at Whistler in which the United States won its first Gold medal since 1948. While that was a worthwhile achievement, what I found really interesting was what happened after the medals presentation, where the Americans were joined by the Silver medal winning Canadians and the Bronze medal Germans.
Before TV cameras all three teams sort of scrunched together for a group photo and in the process you had over 1000 kilos (2200 lbs.) of competitive alpha males getting up close and personal, all smiling like they sort of liked one another. I have searched for a picture of that happening but it doesn’t appear to have gotten significant press attention.
Read More...