29 June 2011

Lack of Financial Regulation Requires Corporate Tax Increase Substitute for Regulation

Financial deregulation that allowed Fastows, Skillings, Mozillos, Milkens, and so many others to trade or conceal bad assets for profit were the tip of an iceberg of a too big to fail failure of Federal oversight of Wall Street financial practices. It may be too late to restore regulation Q and Glass-Steagle, yet the Congress can increase taxes on corporate profits and apply the I.R.S. with an enhanced investigation and enforcement division to monitor volatile derivatives transactions and unravel ongoing deceptive practices and failures of banks to be servants of public interest.

Corporate investment banking and trading synthesis has had inadequate oversight for requirements that they keep adequate reserves for lending and stock acquisition. Instead, investment risk is passed on to the uninformed. Adequate transparency and taxation of corporate trading and investment profit taking with monitoring Cray Research super-trading
I.R.S. Hawk computers might be able to confirm real asset values as they present as representative value object unit items and evaluate simultaneously the rational concatenated values of asset levels to determine how they affect national economic security.

The Federal lack of regulation has let investment firms make vast loans without keeping reserves adequate to keep them afloat should a downturn in the market occur-then taxpayers are dumped responsibility for the debt because of the need to avoid a pervasive financial collapse through the leveraging infrastructure of a predatory corporatist financial environment.

From Goldman Sachs Henry Paulson became the lender of the TARP plan funds to Wall Street. The Chicago School of Economics has had too many theorists regarding financial deregulation of finance as a Utopia through which social security and minimum wage might be eliminated while all manufacturing businesses become prey for insider finance.
While the normally questionable live business trades are going on the I.R.S. should be monitoring transactions of packaged tranches to make certain that taxes are paid on profitable transactions without which little sense of reality is compelled to be noticed or experienced by traders.

If No-one Was in the Universe Would the Universe Still Exist?

Reading a book on the subject of infinity is a good way to regard quantum units I would guess. Quantum units as points of a given qualitative size or as segments sampled of infinite waves seem to be what much of quantum mechanics is about. It is considered that such smaller objects comprise the universe.

So the idea that strings arise as theoretically simpler ways of arresting the infinite reductionism of particles has arisen. If one has a loop or quantum string it is circle and thus infinite in one dimension at least, whereas a point particle has no comparable limit of reduction of its smallest interior size.

I think the quantum string or loop concept is admirable. One may have quantum spin vectors of infinite positions in infinite dimensions and yet contain it within a given area that is the quantum string.
Still, I think the quantum strings would be like cut out silk screening prints abstracted from a monistic continuum of some kind rather than as pluralistic quantum quite independent yet forced together by some greater force such as gravity. Quantum string behavior in the space-time and dimensions of the observable universe of experience may be a nominal appearance for others given unto humanity by God.

And so I also wonder about pluralism in economics and of capitalism. Values and value theories about worth and the best social methods of attaining those objects or circumstances of worth have evolved long after the passing of Adam Smith into a kind of discrete yet macro-socially concatenated pursuit of pluralistic units instead of a continuum or continua of value. Maybe economic analysis is simpler when assigning worth to discrete quantities or packets of quantities, yet I think the good continuum is inherently of more value and the likely true object or goal that Adam Smith worked to produce as a social good for the English people of his day.

Contemporary economics seems to have less ability to contemplate economic value continua than it does process the trade of individual and concatenated quantities of pluralist product constructions. Continua could include the ecosphere or continent traversing free 1000m.p.h low entropy mass transit systems, or even clear running streams running through major cities. Continua contain entire quality of life space-time worldliness and spiritual values while pluralist quanta have implicitly variegated and disconforming space-time values and qualities. Sometimes it is requisite that material quantum production units have course flow modifications to integrate with existing continua of high value. I am sure that Adam Smith believed that economic quanta were for the purpose of serving the direct good and advancement of socio-economic continua rather than displacing it.
So one may also believe that intuition leads to an assumption that discrete quantum unit hypotheses might be efforts to describe emergent phenomena of a deeper and holistic continuum with or without an arrow of space-time.

The spoken Word of God that conformed emergent existence to an intentional ordinality was already in existence before the local start of universe with time and the change of entropy. What the nature of God is for-himself probably cannot be inferred from the contingent characteristics of the Universe inclusive of the reasoning of the human mind-perhaps the most complex structure in the Universe. Like the monads of conjecture described by Gottfried Leibnitz, the irreducible quantum loops or spheres of however many dimensions are set within a continuum contingent upon the eternal will of God. Descriptions of the structure of the Universe bring us more data to regard in our experience of God and His placement of nature.

Nature's Happy Economic Guides

One of the wonderful things about life in the United States is the prospect of perennial job insecurity. Nature provides us with perennial insecurity of course and lack of federal financial regulation of Wall Street helps support nature.

With uncounted numbers of dark wandering planets flung away from stars flying about space we may be assured that one may mass near enough to Earth one day to rip the continents apart with its gravity and literally make mountains fall into the sea. Even now complex financial products on The Street may be set to leverage a buy out of the new high tech factory in North Dakota scheduled for the year 2040, part it out and relocate its core guts to China.

In 2012 another President guided by the Chicago School and conservative Harvard globalists may be elected to carry on the elimination of the U.S. working class and relocate the poor beyond the U.S. border in order to convert the U.S.A. into a nation of middle and rich Americans with foreign guest workers to do the media tasks.

28 June 2011

Progressive Spirit (poem)

Green developments on the crust
plate techtonic margins rise like rust
shaken not stirred
regulated by natural reason the whirred
flows through six days of addition
creation multipliers
constructed cells of packaged energy
in apparent void the chamber is dark
with many miles to go before it sleeps
its poetry of visions analogous to dreams
constructed in a field of force
stages of quantum spin vectors course
half lives of wages
Shakespearian stages
version 1.0 for progressive spirit stays.

Corruption of N.Y. Marriage Laws Wrong Way to Force Zero Population Growth

The liberal use of abortion and homosexual hostile expropriation of marriage to discourage heterosexual marriage is not a good way to reduce U.S. population growth. Marriage ought to be left rationally heterosexual and the dissimulative revisionist of falsehood avoided. Homocouples could create their own new institutions without destroying the existing.

Concern about overpopulation since the 1960's and Paul Erlich's publication of 'The Population Bomb' has brought planned parenthood and a number of social organization to work to cut pregnancy in the U.S.A. As has been noted a generation was aborted in the U.S.A. after passage of Rowe vs. Wade. The number could read like McDonald's hamburger signs of yore with numbers of millions or billions of hamburgers sold (or infants aborted for z.p.g.).

Italy provides an example of a modern nation with negative population growth due to prosperity. Italy hasn't egregious abortion or homosexual leveraged corruption of marriage. It is known that in a prosperous economy women choose to have only one kid and dozens of pairs of shoes, an SUV, cell phone etc. Since U.S. population growth is primarily from illegal Mexican immigrants the best idea to halt U.S. population growth is to halt Mexican immigration.

Stop illegal Mexican immigration to the U.S.A. and create full employment in the U.S.A. with a recovery of the health of the ecosphere and biodiversity. Then help Mexico attain zero population growth through Mexican prosperity and border security. With no one child per family in Mexican families there will be no surge of Mexican youth to infiltrate over the border to undermine standard of living wage increases for poor working Americans.

Mexican prosperity on an ecospherically rational, biodiversity conserving, low entropy foundation is the key to reigning in that nation's high population growth rate that sends its excess youth north to build poverty and chaos in the United States and taking jobs, send cash south.

The Chicago School of economics and the Friedmanian neo-con crank realism with wrong theories about the natural rate of unemployment, incorrect modal economic assumptions and technical proprietary leveraging of political economy for the benefit of corrupting capital manipulators likes cheap, below minimum wage labor and the concentration of wealth. Those people seem to live in an existential economic fantasy world where rational political empirical goals are verbotten.

The rise of an investment banking, securities trading financial class the past 40 years that contribute to the U.S. economy in a fashion similar to the contribution of Internet hackers looking for weaknesses to exploit infused inefficiency and insecurity into the U.S. employment scene. If the United States continues to develop its economy mainly to concentrate wealth for advantaged financial manipulators and relies upon natural political catastrophes for correction the future will probably have far more negative eventualities and transitions of a less optimal nature, senselessly; in the name of greed.

The Chicago School fabricated a Utopian vision of unregulated capitalism with unrealistic ideas about market and price equilibria and the natural rate of unemployment. Full employment may develop in a society if production increases occur from a stable workforce without inflation. The rise of wages and executive compensation need develop proportionately to facilitate increased demand and production cost. The key elements to inflation free full employment are stable or reduced production costs, honest employment compensation and the intelligence of the people; dumb people can only figure out a limited number of was to make a sow's ear from a silk purse. The hostile takeover, leverage market packaging of financial products to increase executive compensation while largely reducing intelligent production is definitely the wrong way to go.

27 June 2011

Buy Recommendation for 'The Age of Greed' by Jeff Madrick

This is that one great book explaining everything wrong about the U.S. economy you should read. Published in 2011, The Age of Greed is a story of how financial skill overpowered manufacturing, research, development, and stability while skyrocketing C.E.O. pay, cutting employee pay and health benefits emasculating American labor and national economic health. The financial sector profited richly converting manufacturing and housing sectors into securities for resale in derivatives and tranch protocols..

Corporate mergers and employee downsizing to produce short term profit, junk bonds, leveraged buy outs, hostile takeovers, deceptive accounting, federal deregulation of finance, bad economic theories-'The Age of Greed' has it all. Chapter by chapter biographies of leading characters and their contribution to the downfall of the U.S. economy add up to portray something of the way things are today; a.f.u.

Easy to read and a fascinating page turner serving almost as an introductory course to basic Wall Street and Government scam techniques, the reader learns through expert analysis how creative and confident financial experts took down the U.S. economy in 2008-2009.

The Trouble With the U.S. Economy is Too Much Financial Deregulation

For many Americans the deregulated economy has made Wall Street seem a kind of Enron, Global Crossing or Long Term Capital Management generally with ever new ways of misdirecting U.S. investment to billionaire stock option accounts abroad instead of producing goods.

Americans lost about 13 trillion dollars of value in the 2009 Wall Street reshuffle. That makes it more difficult for thte unemployed to have capital to invest in a garden patch or small business and paradoxically increases the vulnerability of Americans to the increasingly deregulated U.S./Global financial systems which stands ready to deliver another knock down punch to American industry and ecological economics should it get up off the canvas.

From engineer-CEO's manufacturing goods with a regulated financial sector in the 1960's the economy transitioned steadily to a business environment commodified and traded like stock portfolios deregulated banks, brokerages and insurers merged and were taken and madeover into fewer and larger firms. The broadcast and entertainment industry became sycophants of corporate controller's will. The management class made profits through cutting costs and firing workers rather than creating new products. Workers were regarded as exploitable profit units and expected to pay for their own health care and retirement. In fact society had to pay for the medical costs and food stamps of poorly paid workers.

Sub-prime mortgages and packages of derivatives issued by deregulated conflict of interest banks and trading firms made short term profit with bad loans passed on to investors. American home mortgages were bought and bundled for sale around the globe. Politicians accomplished a form of national treason through financial and stock trading deregulation with support from unpatriotic or economically illiterate conservative egoists and liberal redactors of reform interpreting freedom as corporate servility.

The deregulated financial industry followed Internet and optic cable global crossing lines to investments abroad. The prospects for reducing unemployment and increasing the income of ordinary Americans declined as even politicians accepted a deregulated financial sector and concentration of wealth as the highest existential good; they would be too satisfied looking good with billions of bucks to be aware of the danger to the nation and downturn in long-range national prospects.

Manufacturers found it more difficult to invest in new infrastructure with the prospects for a hostile takeover circling overhead like predator vultures. Politicians invested in American decline by cutting taxes on the rich and slipping regressive tax increases on average Americans. President Carter and Clinton joined Ronald Reagan and G.W. Bush in accelerating deregulation. None had a grasp of economic changes of the time and how those changes would affect the long-term prospects for the United States. Neither did candidates for 2012 express any awareness of the need for a sweeping reformation of the business and finance laws of the United States.

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