Spontaneous generation of unknown shores
appearing in quantum certainty
sum of the parts exponentially creating more
space-time than went before
yesterdays balancing future
places expanding forever
Olber's paradoxes of infinite universes in number filling up infinite space
racing ahead of nothing
permutations form entirely varied pace
waves like rain showers of infinite worlds
within the One norm of metaphysics
substance that transcends the form
of every possible infinity
as simple as one
set theory with temporality
controlling intervals and salvation
through the Son.
22 April 2011
21 April 2011
Americans Want Change-Trump in 2012/U.S. Economic Reform
President Obama has failed to persuade Americans that he is capable of reforming the economic infrastructure of Wall Street, banking and finance that brought about the housing bubble and collapse that devastated the U.S. economy and threw 240 million people out of work globally. He has kept much of the old economic leadership that brought the bubble to inflate most fully before breaking including Ben Bernanke and the Fed and Tim Geitner now as Treasury Secretary. People have pointed out the relationships between Paulson, Goldman Sachs, the New York Federal Reserve and the finance section that seemed to provide blank checks of non-transparency to bail out the rich from the complex web of financial perfidy. President Obama hasn't resolved the triply corrupt banking, Wall Street, financial product structure and instead seeks to reinflate the economic balloon that brought about the corruption of American earnings.
Can business investor Donald Trump bring change to Wall Street, the financial sector and the banking business? Is he aware of expert analysis of the nation's economic troubles described so well by the Nobel Prize winning economist of Columbia University in New York Joseph Stiglitz in his 2010 book 'Free Fall'? A President of the United States must be aware of the problems if he is able to fix them. President Obama has failed to change the economic environment that brought about the inflation of the housing bubble.
Wall Street and its aloof management class, the financial sector with its fees on everything and the banking business with it’s 'too big to fail' houses of financial cards of securitized mortgages is a bunk-o-nomic infrastructure the President wants to inflate. Perhaps a generation fails to comprehend that real material goods need to be produced rather than financial fees for the economy to be healthy. With mass-produced housing by corporations perhaps an entire banking, financial, Wall Street world puts their non-physical labor earnings in the hands of just a few real material products and actual material workers developing in the process daft-economic policy supported by the U.S. Government.
It would be possible to create new forms of material business work to employee millions perhaps with a combination of public and private sector infrastructure product development innovations of a green nature. Human beings actually need to have something to do while alive on Earth in the U.S.A., and they desire a fair way of life with freedom. Only so many can rely on a stagnant, over-inflated economic tool-kit for easy money non-working lifestyle earnings without producing unsustainable, debt financed bubbles it seems. New methods of creating interesting synthetic products perhaps like resurfacing city cores with photo-voltaic materials and food producing plants might be designed along with avenues for entrepreneurial innovation.
One obviously must be skeptical about the prospects for leadership from any U.S. Presidential candidate since they all must pass through the very corrupt Wall Street, Financial, Banking, Corporate Media filters of natural corrupt selection and control. Sometimes its easy to believe that America is evolving through the stages leading to Biblical end times; even open sin, homosexuality and abortion is the new officially accepted forms of conduct of the U.S. Marines and Department of Defense. Yet even so it is possible that some candidate-maybe Donald Trump, will ask Joshua Farley, Herman daily and Joseph Stiglitz over to suggest methods to reform the U.S. Government policy on economic guidance. Assuredly President Obama and his economic advisers such as Larry Summers have taken the United States down that well trodden road in economics with a global web of financial corruption that have brought so many millions of Americans through the chthonic lava tubes of poverty and false hope continua of political promises unrealized.
Neo-classical economists do not even recognize unemployment as a real thing-they call it leisure time instead. One would wish they could experience such leisure as living in a tent without even money for propane fuel for hot coffee in the winters. They might learn why Alexander Solzhenitsyn described the drinking of ice water after eating salt herring at the Kolyma transit camp as fatal for so many. If Anchorage is not quite as cold or as wicked as that Siberian star of the Gulag, unemployment in Anchorage, Wasilla or central Florida is still a challenging experience to live through-and something less than leisure time.
Can business investor Donald Trump bring change to Wall Street, the financial sector and the banking business? Is he aware of expert analysis of the nation's economic troubles described so well by the Nobel Prize winning economist of Columbia University in New York Joseph Stiglitz in his 2010 book 'Free Fall'? A President of the United States must be aware of the problems if he is able to fix them. President Obama has failed to change the economic environment that brought about the inflation of the housing bubble.
Wall Street and its aloof management class, the financial sector with its fees on everything and the banking business with it’s 'too big to fail' houses of financial cards of securitized mortgages is a bunk-o-nomic infrastructure the President wants to inflate. Perhaps a generation fails to comprehend that real material goods need to be produced rather than financial fees for the economy to be healthy. With mass-produced housing by corporations perhaps an entire banking, financial, Wall Street world puts their non-physical labor earnings in the hands of just a few real material products and actual material workers developing in the process daft-economic policy supported by the U.S. Government.
It would be possible to create new forms of material business work to employee millions perhaps with a combination of public and private sector infrastructure product development innovations of a green nature. Human beings actually need to have something to do while alive on Earth in the U.S.A., and they desire a fair way of life with freedom. Only so many can rely on a stagnant, over-inflated economic tool-kit for easy money non-working lifestyle earnings without producing unsustainable, debt financed bubbles it seems. New methods of creating interesting synthetic products perhaps like resurfacing city cores with photo-voltaic materials and food producing plants might be designed along with avenues for entrepreneurial innovation.
One obviously must be skeptical about the prospects for leadership from any U.S. Presidential candidate since they all must pass through the very corrupt Wall Street, Financial, Banking, Corporate Media filters of natural corrupt selection and control. Sometimes its easy to believe that America is evolving through the stages leading to Biblical end times; even open sin, homosexuality and abortion is the new officially accepted forms of conduct of the U.S. Marines and Department of Defense. Yet even so it is possible that some candidate-maybe Donald Trump, will ask Joshua Farley, Herman daily and Joseph Stiglitz over to suggest methods to reform the U.S. Government policy on economic guidance. Assuredly President Obama and his economic advisers such as Larry Summers have taken the United States down that well trodden road in economics with a global web of financial corruption that have brought so many millions of Americans through the chthonic lava tubes of poverty and false hope continua of political promises unrealized.
Neo-classical economists do not even recognize unemployment as a real thing-they call it leisure time instead. One would wish they could experience such leisure as living in a tent without even money for propane fuel for hot coffee in the winters. They might learn why Alexander Solzhenitsyn described the drinking of ice water after eating salt herring at the Kolyma transit camp as fatal for so many. If Anchorage is not quite as cold or as wicked as that Siberian star of the Gulag, unemployment in Anchorage, Wasilla or central Florida is still a challenging experience to live through-and something less than leisure time.
20 April 2011
Why Americans Cannot Elect a Good President
Americans seem to want a Facebook friend, or a tweeting buddy rather than a competent economic analyst interested in building a secure an ecologically progressive America. It is understandable that most Americans really haven’t got a good idea of why the national economy is so bad today, or how the process of national economic decline has been building since near the end of the cold war.
Real wages for white American males have been in decline since 1971-and wages for the middle class adjusted for inflation have been in decline as well. The Reagan tax cuts were good for one time only at stimulating the economy with a recoverable debt level, yet politicians have been unable to satiate the greed of Wall Street, Bankers and the financial services sector with any level of tax cuts.
The American economy has only about 11.5% manufacturing. The financial and Wall Street sectors have made an easy money country of the U.S.A. Financial accountability has taken second place to just having money. In such an easy-money economy the entire economy sinks in quality. It functions requiring deficit spending (Wall Street and banks) while the financial service sectors dumps fees at every opportunity and accounted for 40% of Wall Street profits as recently as 2007.
Prosperous, northern white women-a real worldly minority, Bachman and Palin (where is the one named Schnee?) are loud Republican candidates with unrealistic economic ideas looking back toward the Reagan era for ideas. Americans ought to elect the economist Joe Stiglitz-except they would ask; 'who is he'?
The Reagan era was a nostalgic, pioneering expansion economy itself a little bit beyond its right historical date. Understandably Sarah Palin is from such an era, or area in Alaska’s Mat-Su Valley.
The valley was populated at U.S. Government stimulated as the 1930’s Matanuska Colony. Pioneering farms were established. Of course in world war two and during the pipeline era Palmer and Wasilla also gained more population and development.
It is a beautiful area surrounded more or less by mountains on all sides. It is the kind of place where hunters may kill a bull moose just to take the horns and leave the carcass even today. On a beautiful bike route along the Palmer-Wasilla Highway I was too close to being run over by a car and then a truck twice this morning. First, a car ran a red light to turn in front of me riding my bike before I stopped suddenly. The second time a truck waited until I started through the crosswalk from the bike path on a green light and then suddenly accelerated to make a turn in front of me, and I was again able to stop. I may make a note of these guys, like Alaska FND 159, that seem to have disregard for the safety of those on bikes in the Wasilla area, in case the same guy does that twice this year.
Wasilla seems like an area where sparse population and lots of federal money from Ted Stevens created cheap, ground-breaking easy expansion and lately bad, conservative attitudes about the environment, finance and politics. It is natural enough because of the lack of population, competition and intelligence that may be common to a frontier area. Violent competition is the swollen, simplest concept for such politics. In days of yore that might have been more of a necessity than today. Now, it is just a devolution made by the ignorant as the easiest way to attain prosperity. That is a dangerous, naïve direction to take politically in a very sophisticated, intelligent and competitive world with substantial environmental issues.
It wasn’t at all surprising to me that Wasilla generated the one war criminal convicted for crimes against Afghans. Wasilla is that kind of place-some good, and much swollen arrogant attitudes fine enough in primitive, savage conflicts such as in the Balkans in the 90’s, yet not so good for competent, contemporary social and ecological progress.
The United States unfortunately requires popular politicians instead of competent ones. It is very unlikely that any candidate will be serious about reforming Wall Street, the financial sector or breaking up too big to fail banks. The nation has been almost automatic reelectors of Presidents-the sole exception since Nixon being President Carter. Basically the electorate just votes for whomever the establishment has felt would put a new face on the ongoing trimming of the ordinary working American and the poor as wealth is concentrated with the help of the broadcast media.
Real wages for white American males have been in decline since 1971-and wages for the middle class adjusted for inflation have been in decline as well. The Reagan tax cuts were good for one time only at stimulating the economy with a recoverable debt level, yet politicians have been unable to satiate the greed of Wall Street, Bankers and the financial services sector with any level of tax cuts.
The American economy has only about 11.5% manufacturing. The financial and Wall Street sectors have made an easy money country of the U.S.A. Financial accountability has taken second place to just having money. In such an easy-money economy the entire economy sinks in quality. It functions requiring deficit spending (Wall Street and banks) while the financial service sectors dumps fees at every opportunity and accounted for 40% of Wall Street profits as recently as 2007.
Prosperous, northern white women-a real worldly minority, Bachman and Palin (where is the one named Schnee?) are loud Republican candidates with unrealistic economic ideas looking back toward the Reagan era for ideas. Americans ought to elect the economist Joe Stiglitz-except they would ask; 'who is he'?
The Reagan era was a nostalgic, pioneering expansion economy itself a little bit beyond its right historical date. Understandably Sarah Palin is from such an era, or area in Alaska’s Mat-Su Valley.
The valley was populated at U.S. Government stimulated as the 1930’s Matanuska Colony. Pioneering farms were established. Of course in world war two and during the pipeline era Palmer and Wasilla also gained more population and development.
It is a beautiful area surrounded more or less by mountains on all sides. It is the kind of place where hunters may kill a bull moose just to take the horns and leave the carcass even today. On a beautiful bike route along the Palmer-Wasilla Highway I was too close to being run over by a car and then a truck twice this morning. First, a car ran a red light to turn in front of me riding my bike before I stopped suddenly. The second time a truck waited until I started through the crosswalk from the bike path on a green light and then suddenly accelerated to make a turn in front of me, and I was again able to stop. I may make a note of these guys, like Alaska FND 159, that seem to have disregard for the safety of those on bikes in the Wasilla area, in case the same guy does that twice this year.
Wasilla seems like an area where sparse population and lots of federal money from Ted Stevens created cheap, ground-breaking easy expansion and lately bad, conservative attitudes about the environment, finance and politics. It is natural enough because of the lack of population, competition and intelligence that may be common to a frontier area. Violent competition is the swollen, simplest concept for such politics. In days of yore that might have been more of a necessity than today. Now, it is just a devolution made by the ignorant as the easiest way to attain prosperity. That is a dangerous, naïve direction to take politically in a very sophisticated, intelligent and competitive world with substantial environmental issues.
It wasn’t at all surprising to me that Wasilla generated the one war criminal convicted for crimes against Afghans. Wasilla is that kind of place-some good, and much swollen arrogant attitudes fine enough in primitive, savage conflicts such as in the Balkans in the 90’s, yet not so good for competent, contemporary social and ecological progress.
The United States unfortunately requires popular politicians instead of competent ones. It is very unlikely that any candidate will be serious about reforming Wall Street, the financial sector or breaking up too big to fail banks. The nation has been almost automatic reelectors of Presidents-the sole exception since Nixon being President Carter. Basically the electorate just votes for whomever the establishment has felt would put a new face on the ongoing trimming of the ordinary working American and the poor as wealth is concentrated with the help of the broadcast media.
19 April 2011
On 'Freefall' (in the U.S. economy) a book by Joseph Stiglitz
Before moving on to something else I thought I should make a few comments on Stiglitz’s book about the 2008 Wall Street, Banking and Finance crash of the U.S. economy. It is an interesting book that reinforces many of the suspicions that one might have about the present U.S. corporate business environment.
The United States should man up to its substantial economic challenges if it is to hope to keep a comparative better standard of living than the rest of the world. And it must do so in a way that reduces consumption, increases efficiency, innovation and decreases the misery index for the poor and middle class. There are four primary challenges; 1) Reform the financial sector, Wall Street and banking breaking up ‘too big to fail’ banks on the way 2) Eliminate Bush II era tax cuts 3) Reduce federal spending, eliminate the public debt and better spend federal revenues 4) Create a sustainable self-reliant green energy policy.
Stiglitz’s Nobel Prize in economics might have been for his work on upgrading the Walrasian models ideas about market equilibrium-I don’t know, yet market equilibrium is not self-correcting as assumed in the neo-classical model. The market binges into the gutter without government regulation, perhaps from overdoses of irrational exuberance and the leverage of wealth and power detaching from neo-realism. The point of the free market is to serve the interests of the people. The emergent Chinese market may become a better model for real economic capitalism than that of the United States in the years ahead, as the latter is encumbered with extremist rhetoric about a perfect, unregulated utopian free market even as it piles up public debt and requires corporate welfare from public bail outs to function.
I am not at all optimistic that the United States will move toward more government regulation of Wall Street, banking and finance. President Obama in December 2010 was a cheerleader for extending Bush II era tax cuts. The financial class with high pay and bonuses don’t want higher taxes-they just want government bailouts and insider sweetheart deals from the Fed.
Stiglitz pointed out the financial sector took more than 40% of Wall Street profits before the crash, and that the manufacturing sector of the U.S. economy today is just 11.5%. Financial perfidy, too big to fail (or exist) banks and a complex web of risky financial products has made the health of the U.S economy problematic.
One amidst several remedies suggested by Stiglitz was creation of a world reserve currency. That did set me to wonder if an electronic currency signed on to by the world’s major players might not be instantly available and transparent.
Another idea was that of perfect information and perfect competition. Plainly it does not exist in the present business world. In the home mortgage crisis, in the securitization of mortgages where even the Chinese Government owned substantial numbers of Fanny Mae bonds, the average buyer may have had little understanding of the complex web of corporate and banking business existing below the surface affect everything from variable rate mortgages to employment.
If perfect information is not a fact modern corporatism, if obscure mathematically complex financial products are sold off exchanges, might not Internet search engines in some way move to bring perfect information absent from neoclassical models?
Improved Internet search engines can develop lists of ranked product prices. The lowest possible price of any given product available in a nation such as the U.S.A. could be assured by an Internet search theoretically. If a widget, or my science fiction book ‘St. Novilistricka Dimensions’, is available on the global market, an Internet search protocol might quickly discover the location of the lowest possible cost for a buyer; that at least seems something of an improvement over the neo-classical model.
The United States should man up to its substantial economic challenges if it is to hope to keep a comparative better standard of living than the rest of the world. And it must do so in a way that reduces consumption, increases efficiency, innovation and decreases the misery index for the poor and middle class. There are four primary challenges; 1) Reform the financial sector, Wall Street and banking breaking up ‘too big to fail’ banks on the way 2) Eliminate Bush II era tax cuts 3) Reduce federal spending, eliminate the public debt and better spend federal revenues 4) Create a sustainable self-reliant green energy policy.
Stiglitz’s Nobel Prize in economics might have been for his work on upgrading the Walrasian models ideas about market equilibrium-I don’t know, yet market equilibrium is not self-correcting as assumed in the neo-classical model. The market binges into the gutter without government regulation, perhaps from overdoses of irrational exuberance and the leverage of wealth and power detaching from neo-realism. The point of the free market is to serve the interests of the people. The emergent Chinese market may become a better model for real economic capitalism than that of the United States in the years ahead, as the latter is encumbered with extremist rhetoric about a perfect, unregulated utopian free market even as it piles up public debt and requires corporate welfare from public bail outs to function.
I am not at all optimistic that the United States will move toward more government regulation of Wall Street, banking and finance. President Obama in December 2010 was a cheerleader for extending Bush II era tax cuts. The financial class with high pay and bonuses don’t want higher taxes-they just want government bailouts and insider sweetheart deals from the Fed.
Stiglitz pointed out the financial sector took more than 40% of Wall Street profits before the crash, and that the manufacturing sector of the U.S. economy today is just 11.5%. Financial perfidy, too big to fail (or exist) banks and a complex web of risky financial products has made the health of the U.S economy problematic.
One amidst several remedies suggested by Stiglitz was creation of a world reserve currency. That did set me to wonder if an electronic currency signed on to by the world’s major players might not be instantly available and transparent.
Another idea was that of perfect information and perfect competition. Plainly it does not exist in the present business world. In the home mortgage crisis, in the securitization of mortgages where even the Chinese Government owned substantial numbers of Fanny Mae bonds, the average buyer may have had little understanding of the complex web of corporate and banking business existing below the surface affect everything from variable rate mortgages to employment.
If perfect information is not a fact modern corporatism, if obscure mathematically complex financial products are sold off exchanges, might not Internet search engines in some way move to bring perfect information absent from neoclassical models?
Improved Internet search engines can develop lists of ranked product prices. The lowest possible price of any given product available in a nation such as the U.S.A. could be assured by an Internet search theoretically. If a widget, or my science fiction book ‘St. Novilistricka Dimensions’, is available on the global market, an Internet search protocol might quickly discover the location of the lowest possible cost for a buyer; that at least seems something of an improvement over the neo-classical model.
15 April 2011
Solid State Economics-A few websites
Steady state economics takes an entirely different approach than classical economics toward natural resource use. Since there are real limits to use of finite natural resources intelligent design of governing economic philosophy is requisite for rational Earth habitation of mankind.
http://en.wikipedia.org/wiki/Steady_state_(macroeconomics)
http://dieoff.org/page88.htm An article by the economist Herman Daly
http://steadystate.org/discover/definition/
http://www.eoearth.org/article/Steady_state_economy
http://en.wikipedia.org/wiki/Steady_state
http://www.necsp.org/about-us/public-policy/steady-state-economy.html
http://www.amazon.com/Steady-State-Economics-Second-New-Essays/dp/155963071X author Herman Daly
http://en.wikipedia.org/wiki/Steady_state_(macroeconomics)
http://dieoff.org/page88.htm An article by the economist Herman Daly
http://steadystate.org/discover/definition/
http://www.eoearth.org/article/Steady_state_economy
http://en.wikipedia.org/wiki/Steady_state
http://www.necsp.org/about-us/public-policy/steady-state-economy.html
http://www.amazon.com/Steady-State-Economics-Second-New-Essays/dp/155963071X author Herman Daly
Jesus Christ & the Phenomenon of Mind
In reading the gospel book of Luke there is an account of the Lord on the cross. Obviously Jesus Christ was personally experiencing pain abundantly. The account of how the Lord experienced that temporal phenomena is a valuable insight into His attitude toward the phenomenality of mind and it's relation to the body.
Cartesian philosophical duality aside the mind does seem like a stranger to the body sometimes during extreme insult to the body. As the body fails in health as it inevitably will ,one becomes aware that the mind has an unstable, finite temporal vehicle for support. The mind too shuts down as the body dies. Some find that thought troubling, while others anticipate that it is like going to sleep. The Lord, according to the account provided by the Apostle Luke, commended his Spirit unto God before his mind too, died.
Today, in the era of quantum mechanics and the advent of quantum computing, even today when news of the first full mapping of the brain has been completed by science
http://www.newscientist.com/blogs/shortsharpscience/2011/04/worlds-first-human-brain-map-u.html?DCMP=OTC-rss&nsref=online-news
it might be easier for people to form even a technical idea of how it might be possible to reassemble or resurrect the mind of a human from stored information. It is easy to comprehend that an omnipotent God would have no trouble at all resurrecting the human spirit (whatever that is-even the data mapping of a mind).
As the Lord experienced the agony of the crucifixion and its aftermath it might have been something of a relief to actual feel the impending relief from the pain of life. It is in life that the pain was so intense, and in death-that the Lord evidently experienced completely as he needed to rely upon God the Father to manage His Spirit after death-that the victory of the Lord appeared. The Lord Jesus was resurrected on the third day after his death. That was a victory for all of the elect.
quote from the King James version...
Luke 23: " 40But the other answering rebuked him, saying, Dost not thou fear God, seeing thou art in the same condemnation?
41And we indeed justly; for we receive the due reward of our deeds: but this man hath done nothing amiss.
42And he said unto Jesus, Lord, remember me when thou comest into thy kingdom.
43And Jesus said unto him, Verily I say unto thee, Today shalt thou be with me in paradise.
44And it was about the sixth hour, and there was a darkness over all the earth until the ninth hour.
45And the sun was darkened, and the veil of the temple was rent in the midst.
46And when Jesus had cried with a loud voice, he said, Father, into thy hands I commend my spirit: and having said thus, he gave up the ghost."
Cartesian philosophical duality aside the mind does seem like a stranger to the body sometimes during extreme insult to the body. As the body fails in health as it inevitably will ,one becomes aware that the mind has an unstable, finite temporal vehicle for support. The mind too shuts down as the body dies. Some find that thought troubling, while others anticipate that it is like going to sleep. The Lord, according to the account provided by the Apostle Luke, commended his Spirit unto God before his mind too, died.
Today, in the era of quantum mechanics and the advent of quantum computing, even today when news of the first full mapping of the brain has been completed by science
http://www.newscientist.com/blogs/shortsharpscience/2011/04/worlds-first-human-brain-map-u.html?DCMP=OTC-rss&nsref=online-news
it might be easier for people to form even a technical idea of how it might be possible to reassemble or resurrect the mind of a human from stored information. It is easy to comprehend that an omnipotent God would have no trouble at all resurrecting the human spirit (whatever that is-even the data mapping of a mind).
As the Lord experienced the agony of the crucifixion and its aftermath it might have been something of a relief to actual feel the impending relief from the pain of life. It is in life that the pain was so intense, and in death-that the Lord evidently experienced completely as he needed to rely upon God the Father to manage His Spirit after death-that the victory of the Lord appeared. The Lord Jesus was resurrected on the third day after his death. That was a victory for all of the elect.
quote from the King James version...
Luke 23: " 40But the other answering rebuked him, saying, Dost not thou fear God, seeing thou art in the same condemnation?
41And we indeed justly; for we receive the due reward of our deeds: but this man hath done nothing amiss.
42And he said unto Jesus, Lord, remember me when thou comest into thy kingdom.
43And Jesus said unto him, Verily I say unto thee, Today shalt thou be with me in paradise.
44And it was about the sixth hour, and there was a darkness over all the earth until the ninth hour.
45And the sun was darkened, and the veil of the temple was rent in the midst.
46And when Jesus had cried with a loud voice, he said, Father, into thy hands I commend my spirit: and having said thus, he gave up the ghost."
A Vote of No Confidence in 2012 Congressional Budget Debate
President Obama generally has continued the Bush policies regarding U.S. economic management acting as a conservative since taking office. He has bailed out banks and forced two manufacturing corporations into bankruptcy. He has signed off on a Bush II era tax cut extension. Some of the Wall Street regulation reforms were eliminated in the 2011 budget. The President left much of the Bush II era economic managers in office such as Tim Geitner, Ben Bernanke and Larry Summers (Treasury Secretary of the Deregulating Clinton administration). The President's policies may lead to further Wall Street, Banking, and Finance Sector perfidy ahead.
Reading Nobel Prize winning economist Joseph Stiglitz's 2010 book ('Free Fall') on the 2007-2008 U.S. economic meltdown confirms several observations I have had about the conduct of the Obama Presidency on the economy; the President is a sycophant of policy enabling the Wall Street/Banking/Financial sector swindlers to renew their assault on American employment and earnings security as the produce nothing sector manufacturers new ways to trim U/S/ rubes of their life opportunities.
Fundamentally, there is no choice between Democrat and Republican parties that would make any difference in the Presidential election of 2012. Each party will work against U.S. interests and support those management class M.B.A.s with little equity in the corporations they work for taking multi-million dollar bonuses, outsourcing industry, killing the national ecosphere, flooding the nation with cheap labor from Mexico and discovering new financial instruments to swill the innocent working class. The poor do not exist except as highway lint in the high end bottled water with a sprig lunch set.
Monetary policy is not at the heart of the 2007-2008 meltdown I think. In reading Joseph Stiglitz's 2010 book 'Free Fall' (he won the 2001 Nobel Prize for economics) I got a few more ideas about the issue.
Monetary policy on what interest rate to lend to banks at, and how much money to print is set buy the Federal Reserve. Even with low interest rate the banks can get the money and do whatever they want with it. Banks do not need to lend the money responsibly to small businesses or innovative tech start ups-they in fact can create financial instruments, housing bubbles and a number of financial products to increase their profit in a way that is harmful to the U.S. economy.
I believe now that financial deregulation of banks and a failure of regulation of Wall Street and the financial service sector was the reason for the recession of 2007-2008. Bush II also deregulated war making with Congress going along with the idiot President starting a protracted kinetic military action without oversight.
Wall Street is not self-correcting, and in the raving national broadcast industry communications swamp extolling immorality, corruption of being stupid in the immediate temporal exstasis (now) the moral thermostat is set at jungle for derivatives, credit swaps, predatory lending to home buyers with the mortgages then sold to pension funds etc. President Obama and the Democrats have continued the policy of Bush II in that regard. Obviously neither party has an interest in solid state economics.
Money supply (M1) is important, yet in a rotten moral investment class climate liquidity is no assurance that cash will be spent where it should.
Reading Nobel Prize winning economist Joseph Stiglitz's 2010 book ('Free Fall') on the 2007-2008 U.S. economic meltdown confirms several observations I have had about the conduct of the Obama Presidency on the economy; the President is a sycophant of policy enabling the Wall Street/Banking/Financial sector swindlers to renew their assault on American employment and earnings security as the produce nothing sector manufacturers new ways to trim U/S/ rubes of their life opportunities.
Fundamentally, there is no choice between Democrat and Republican parties that would make any difference in the Presidential election of 2012. Each party will work against U.S. interests and support those management class M.B.A.s with little equity in the corporations they work for taking multi-million dollar bonuses, outsourcing industry, killing the national ecosphere, flooding the nation with cheap labor from Mexico and discovering new financial instruments to swill the innocent working class. The poor do not exist except as highway lint in the high end bottled water with a sprig lunch set.
Monetary policy is not at the heart of the 2007-2008 meltdown I think. In reading Joseph Stiglitz's 2010 book 'Free Fall' (he won the 2001 Nobel Prize for economics) I got a few more ideas about the issue.
Monetary policy on what interest rate to lend to banks at, and how much money to print is set buy the Federal Reserve. Even with low interest rate the banks can get the money and do whatever they want with it. Banks do not need to lend the money responsibly to small businesses or innovative tech start ups-they in fact can create financial instruments, housing bubbles and a number of financial products to increase their profit in a way that is harmful to the U.S. economy.
I believe now that financial deregulation of banks and a failure of regulation of Wall Street and the financial service sector was the reason for the recession of 2007-2008. Bush II also deregulated war making with Congress going along with the idiot President starting a protracted kinetic military action without oversight.
Wall Street is not self-correcting, and in the raving national broadcast industry communications swamp extolling immorality, corruption of being stupid in the immediate temporal exstasis (now) the moral thermostat is set at jungle for derivatives, credit swaps, predatory lending to home buyers with the mortgages then sold to pension funds etc. President Obama and the Democrats have continued the policy of Bush II in that regard. Obviously neither party has an interest in solid state economics.
Money supply (M1) is important, yet in a rotten moral investment class climate liquidity is no assurance that cash will be spent where it should.
Subscribe to:
Posts (Atom)