Sunday, July 30, 2006

US Hid costs of Iraq

If Enron did this they would face charges. Since George W Bush and the Pentagon did this they will face charges.

Also, Halliburton losing $8.8 billion of this money should be audited. As well as initial claims of ~$150B range cost tag should face repercussions. And soldiers entering Iraq without enough water, ammunition, without body armor, vehicle armor, or comrades. And for entering in the first place. See Tactical Edge on Iraq. Also, US Military executive-level brass, you're fired. This will affect your credit rating.

Deatomization

People who live in a non-atomized social environment are more able to entertain themselves, work well, and find meaning without using as many resources and with less stuff.

Un-Halloween

I have a bunch of candy I'm trying to give away. I have decided I will go un-trick or treating, and give properly wrapped candy away to people from a bag door to door! It will so work!! And it will give me several chuckles!!! Success.

I've also noticed that India and recently Bulgaria have decided to make all their software free. This is a very fine and wise choice and I commend any country and company to follow their example.

Ze Frank

Also, do examine Ze Frank's examination of copyright law and labor specialization.

http://www.zefrank.com/theshow/#

Double Digits Growth

If we had a single currency, what would change?

How many jobs would be lost among moneychangers? How much money would be lost among these people? Considerable losses would be experienced.

However, how much money would be saved? How many such people could shift employment from moneychanging to money-creating?

Our economy, the world economy, is backed into a theoretical corner. We cannot possibly make enough money, take enough money from other people, to justify our own existance. We thrive on waste, not on production. What good is 1000 SUV's if there is no one to buy them, you ask? I tell you, chop those SUVs up and make your dinner, make a microwave, you own the factories that make the products. You own the land that grows the food. Do it.

With this infrastructure, we could easily organize the world into production instead of trade. Employees would have little difficulty being motivated to help society in the variable modes of production instead of the production of trade. We're running out of trade. We have the opportunity instead to have an at-will economy stimulated by the history and gentle framework of trade.

We know what people want, because they are human and deserve a quality of life. They have obvious chemical systems and mental background that establishes their economy desires. We've marketed and studied this well enough that life should sell itself. Love should guide trade, not advertising. Let's build the efficient vehicles that everyone wants and get trade out of the way of communication and transportation. Let's grow the food that everyone plainly needs. The farmers know. Let them be compensated with whatever they need in earnest.

We have the technology to build a production economy. The efficiencies will be dramatic. I am estimating a 25% growth rate from these efficiencies effective almost immediately, as a worldwide regional average. We can make energy almost effortlessly. We can build vehicles that run on almost effortless energy. We can produce as much food as we need. We can make industrial products without forseeable limit using robotics. We can easily and much more quickly train technicians and engineers to use and manipulate the new tech machines. We can distribute it seamlessly.

Can we control the justice of who gets? Yes. A criminal does not get, because they are kept in rehabilitation, where they are stringently controlled. An economic glutton would not get because of distribution regulation quotas by governing body of industry. The wasting of industrial goods is unacceptable. That person must be voluntarily better educated. We cannot control people with their costs, that is untenable and a massive drag on anything good. We cannot control them with a universal ID, that is invasive and unloving. Everyone should be known, not stamped.

I believe that those given the opportunity to help produce will do so. I believe that theft will be eliminated if everything is ~free and all needs are met.

Is this similar to the Revelation New Jerusalem? Perhaps. If that city comes first, let it be and praise the Lord!! I do not know how wonderful it will be. But if we must still wait, let this system be put in place. Please use the systems described in these webrings on the right to assemble and organize this production society.

Life Sells Itself

I call for a massive reduction in the amount of advertising and the perfusion of marketing.

Because Life Sells Itself! [TM]
-William Bunker

Also, note that 3Q06 forecasts are officially down and 2Q06 performance is flagging.

Alan Greenspan has noted that there is 'a 75% chance of an economic meltdown in the US in the next 5 years.' Furthermore, over 100% of our new economic growth is in the form of debt.

Please adjust your corporations accordingly. Please, release technology to allay this and future economic woes. [Babylon? Where exactly is Babylon?] God of all the earth, creator of all things, would be honored by your charity of good leadership.

Thursday, July 27, 2006

Cat and Girl

"If money creates possibility... then wealth is the volume of possibilities squandered. Wealth is the accumulation of irrelevance."

Technically God creates possibility and our work makes it real. But money goes in place of work. How then can one have one billion dollars of work? That is impossible for any man to accomplish. It is not his but the good of the society he moves with, the human race in ways. All good things, for all good things come from God. Using his or her money for anything but good is indolence and thanklessness. I have the impression due to the vast quantities of poverty and international sanctioned economic fraud that much money, much work, is being used not for good.

The main focus, though, is on double-use of money, through lending institutions. They seem to have hundreds of billions lent to numerous agencies, including the United States government. I disagree that the US Government can continually run creditors for years, nor should be allowed to function continually with massive outstanding deficits, regardless of the immediate circumstances, for twenty years or more at a time without a plan or schedule to finish off the loans. Where will America be in 2010? 2020? At this rate without a peak oil crisis, the country will be in terminally unpayable debt. We are borrowing against our own future and present by having such high debt, and continuing to collect more. The present rate of growth will not supercede the future payments to ourselves and international lending institutions. Even if we could, a steadier and more apparent rate of growth would be fabulous. If our standard of living were improving steadily or at all, such loanage might be excusable, but it is not. Our quality of living, our median wage, our everything is slipping away. These loans are good money after bad, and systemic changes must be made in our own economy to make us fiscally and socially solvent. I do not refer to IMF-style adjustments. I refer to a shaking of those who control the money, those who print the money, those who decide where the money goes and how industry shall operate. They must change their ways, for their debt has grown in impudence and their responsibility to humanity must be fulfilled, regardless of who fills those shoes.

Live fearlessly at all times. That is best, and certainly better than living with any fear. Do what is good and feel what is right.

Tuesday, July 25, 2006

$ News

A financial analyst as senior as Paul Volcker, Alan Greenspan's immediate predecessor as chairman of the Federal Reserve, recently confessed "that he thought there was a 75% chance of a currency crisis in the United States within five years."

>100% of our new economic growth is debt. In this economy it is fiscally attractive for the US to accumulate large amounts of debt, because the loans they take go directly back into economies that fund America, such as the petrodollar, the IMF/WB operations, US foreign aid coming back in the form of arms deals and engineering projects, etc. Unfortunately this is simultaneously fiscally destroying us. ~48% of our economy is devoted to military spending measures, including pensions, and not counting social security as a portion of the usable economy.

CIA analysis have said that '2007 is the year everyone plans to put all their cards on the table.' I do not like this, but I tell you because I love you. Yes, you. America is likely not counting the shells nor cards after 2007, and planning economically to have the maximum fiscal capital and most money on its soil at that point, which accounts for huge debt, which is avalanching right on schedule into insolvency and economic collapse. Patience?

Saturday, July 22, 2006

The Economic Expression of Love

The economy represents, for workers and good folk, a desire to do good. A pure form of this expression is working as public service. Another good form is working to earn money to pay for the needs of a family and others. Another is to pay for the self to not be a burden on others' work and fortunes. These are good goals and their expressions will most likely be good to society, and the desire for them honors God.

This desire makes the economy. We need to rearrange the way we express this desire from economic methods to functional methods. For example, while still desiring to perform public service and help support the needs of others, I should seek to build a machine that will split water into hydrogen. Procuring this hydrogen gas to have it perform the work that I might personally do is good, and leaves me able to do other things, such as study medicine or programming, skills that hydrogen cannot do, but which also serve society and others.

Thursday, July 20, 2006

Dell and Verizon

Please note that Dell and Verizon have overcharged 11,000 customers $24M+ to the tune of up to hundreds of dollars each. This can be presumed an accounting accident, but it shows the companies as less credible and more irresponsible.

Consumers should be wary of Telcommm companies, and consider alternatives to or ending cellular phone contracts because of verified health risks about cellular phone rays and their high level of expense. A Russian team found that cellular phones can cook an egg hard boiled in 65 minutes. How many minutes have you been billed for?

Wednesday, July 19, 2006

Where Taxes Go

Federal Budget appears to be ~48% military.

Tuesday, July 18, 2006

Money and Freedom

The American Revolution has been subverted directly by money. Our voices and well beings are endangered and overshouted by the prospect of gathering huge sums of wealth and resources. These organizations themselves are not 'bad', but the way they are used and their probable intentions by the result of their actions is ungodly.

We are influenced by the World Bank and international fiscal organizations who disrupt world economies and force governments to stop providing care for their own people. By the Democratic and Republican poilitical parties and their contributors, who subvert the will of the people for money. We are subject to the desires and efforts of massive worldwide corporations whose goal is collecting maximum money before fairness and liberty.

The time is quickly coming when money will be substantially less important because of the miracle of water fracturing. This opportunity can be used to replace the damage of supercapitalism [world dominating fiscal control] with the benefits and peace inherent in limitless free energy.

Monday, July 17, 2006

Big/Small Economy/Government

We can do more with less.

There is no need to have a massive infrastructure system with large inefficient processes making ineffective drugs or vehicles, saddling consumers with high cost of living and complicated lives. The 'benefits' to a large [per capita] economy is the production of more jobs and a milking of those who can afford to purchase more goods and more luxurious goods.

However, the poor are hit as low quality or simple or efficient goods are often replaced or repressed. The creation of numerous inefficient jobs leads to economic 'depression' or loss of economic density as the effectiveness of industry and the budget sags. There may be economic deflation, loss in employment density, loss in quality of life, substantial increases in cost of living without corresponding quality of life improvements, or reduction in quality of workmanship.

Having an economy that produces much more efficient systems, or more durable products with fewer sales, will indeed produce fewer jobs per production. However, they can afford to have more productions. Need for jobs should fuel this economy, not need for goods. By trying to meet the demand for jobs and for growth by producing ever more weak-batch/filler economy, we are degrading our economy and degrading our society.

We can do more to support people's desire to work and their quality of life by stimulating curiosity-based education programs. We can replace necessary work with robotics and give people the opportunity to be artisans, farmers, engineers, technicians, inventors, all such things.

Incorporating a hydrogen economy to help perform all laborious tasks, humans will be left in the dust. Robotics will produce the majority of goods, 3D printers will do much technical assembly. Miners and technicians can procure goods. Computerized hydroponics can grow our food and maglev trainsets can ferry goods about. Regional distribution centers and internet commerce can replace the majority of retail.

People can be free to play more sports. A working man's dollar can go 6 times farther because he has 5 robots to back him up. The state can incorporate some of these technologies and industries to regulate the market and corporations. Humans can begin a lifetime job of construction, which robots are less able to perform, social sphere and servicework including internet salesmanship/education, certain medical guidance, counseling and education, artistic expression [your marketing department], botany and farming, media and information analysis, and engineering and technicianship to build design monitor and maintain the many robots, machines, and their products.

One difficulty is the transition period between conventional capitalism and the age of economic infinity, from free energy and boundless efficiency.

"What is retiring? Play is productive and my life is play. Education is entertaining, and entertainment is play. What is getting a job? I am an apprentice at this place where they do cool stuff. I hang out there most of the day because I enjoy it and the people there. My counselor and parents referred me to the place, and I liked it. I'm glad we made it." -American born in 2002.
The 3rd world can be mobilized easily into this niche. With limitless energy it should be easy to acquire the energy and capital required to construct many things and pieces of infrastructure. Locals tired of starving and hungry for vision and jobs will leap on board appropriately designed and purposed programs to help them build buildings and hydroponics systems, learn basic medical techniques and distribute antibiotic silver colloid made in the lab in town. Carbon microtubes and silver colloid can filter seawater into drinking water.

Sunday, July 16, 2006

Professionalism and Edge

There is a growing rift between professionalism and peak performance, across numerous fields. The media and industry also propagate professionalism as the ideal and as the chief market factor and invested method of a society and culture progressing in a certain way.

This suggests either a deviance of goal or lack of education for the existing professionals. The technological and educational bar is moving onwards past the existing infrastructure and fields edges. Combustion systems are being replaced by water-hydrogen. Coal oil and nuclear are being replaced by hydrogen and electromagnetics. Medical pharmaceuticals are being replaced by electrical currents, immunology, and other procedures. Yet the industries and states are rejecting these claims and studies and progressing in their own centralized paths increasingly, while the true edge of new sustainable technologies is indeed moving onwards.

This is where the rift is growing. It is unstoppable, as much as time or a raging river. I would advise industry and semi-modern society to get over itself and its circular windings and move on.

Humane.net

Click http://www.humane.net/

help feed kids and save rainforest.

Aircraft Carrier Economics

I want you to imagine living on a massive oceanliner. This oceanliner is equipped with water splitting engines, which feed massive supercapacitors to power the ship's engines and all other equipment on board.

Near the engines there is a large metal forge which can be used to hammer out or machine metal and tools into anything necessary. There are a series of CAD machines and 3D printers which operate robotically 24 hours a day, powered by water you float in. Metal and other raw materials can be acquired or traded for at ports, which are mined by other robots and technicians.

The ship's roof is a massive greenhouse, in which fruits and vegetables of all kinds are grown, and animals are raised. On land, there exist massive hundred square mile tree farms and hemp farms and also more greenhoused farms for other people. The ship provides the majority of its own food and desalinizes seawater through a system of carbon microtubes built at a laboratory in Washington, DC which supplies much of the region with cheap desalinization equipment. Their machines are powered by hydrogen fuel from water.

The ship is peopled by technicians who operate the machines, and have in fact chosen to become apprentices on board and technicians by their own volition. The technicians operate and maintain the machines that produce machined products including all tools and parts required by the ship and its machines. The ship has communications equipment via satellite by software defined radio.

How long would it take to build this ship? We could do it in one month, aggressively. Blueprints would be formed to mirror the goals inscribed. Factories running on hydrogen would robotically produce the microchips and parts required for the job. Engineers on site in San Francisco would tool the ship together with drills and welding techniques using hydrogen flames hotter than the surface of the sun.

The building tools would be paid for by loaning use of the standing machines, powering them from free hydrogen energy acquired from the sea in an existing hydrogen splitting plant.

The technical skills would come from people desiring to live on the ship and from skilled workers at standing factories producing standard public sale equipment on loan or with capital.

The raw materials would be acquired either from the technical factory or by the builders with the use of mining and refining equipment powered by hydrogen fuel from the standing hydrogen splitting factory and using hydrogen heat from the same.

Vehicles could be crafted from carbon fiber instead of steel in the same way, and steel currently being used for vehicles could be used for these items. Or coal could be stripped for carbon and turned into stronger and lighter than steel siding for a ship and fused by welding into place.

The remaining portions of supportive society would function with hydrogen fuel to heat and light their homes and move their cars without cost but for conservation and systems maintenance. Tolls could be more effective.

Massive greenhouses built from recycled materials would eliminate the need for pesticides and substantially extend the growing season and latitude. These greenhouses, heated and irrigated with seawater, could cheaply provide the world with plentiful foodstocks.

Once the workers were done, about half would shove off and then they would begin work on more things, at a comfortable pace.

Friday, July 14, 2006

Venezuela and Market Colonialism

Venezuela is trying to build the democratic dream, a first world economy, with nuevo socialism. The more difficult parts of building such an economy are a) without the benefits of neocolonialism and b) facing those who do have the benefits of neocolonialism [~1st world].

Fortunately they have supplies of oil upon which to build the infrastructure required to build this economy. But they only have perhaps 5-10 years to do it before peak oil shows up and brings out the world economic tide. In fact, a prosperous Venezuelan economy could tilt the world towards peace and prosperity in the face of peak oil.

The tweakings with oil are uninteresting. It's capital at this point. To spend it on what, though. Venezuela could produce a world-competetive motor company, power company, or industrial manufacturing setup that will defeat the current world infrastructure. The same thing could theoretically be done in Nigeria or Iran or any other country under the thumbs of 1st world economies and who have a slice of worldpie.

If VZ were to acquire or reinvent superefficient Pogue carubraters for motors and throw together some cheap and efficient vehicles like KIAs, they could master the automotive market. Even taking 5% of the world automotive market with very high efficiency vehicles [90+mpg] or publicizing the technology would produce a shakeup in the automotive world and oil market, and could provide VZ with an industrial economy based on innovation and low overhead to contend and interact with established world economies relying on massive infrastructure.

VZ could also build power companies and supply growing Brasil and itself with non-oil power and export it instead. If they studied and researched Stanley Meyer's water splitting device they could publicize it to protect themselves and begin production. This would launch the world into the free energy era regardless of the actions of the 1st world.

VZ or any nation or NGO could begin a publication and prototype system of these revolutionary technologies. The economic revelations and adjustments made to the world by such an activity
would equalize economic performance and dramatically improve the plight of the 3rd world and mobilize the populations of the 1st world. The revolution also would be purely economic, so it would reach all corners of the globe as fast as money and approximately zero industry-standard public bullets would be fired forcefully.

Please, let the market begin.

Urban Environments and the 21st Century

Urban areas have grown due to the advancement of culture and employment in urban areas supported by shipping and ports. The persistence of cities is a peculiar anomaly. I believe their landscape, makeup, and other properties will change along with society, commerce and industry in the coming decades.

Cities are very dense areas and thusly very highly priced for real estate, and equally undesirable for these crowded and often polluted and chaotic properties. They also have numerous positive properties, such as easy and plentiful access to social elements and products and many people.

Cities were once more reliant on industrial work, but aside from shipping this work has shifted from primarily gathering around a mill to office and tech work, services, and investment class. This attracts a commercial market with more retail operation and some level of boutiqueness.

If industry changes to allow more decentralized or processed construction, industries will likely leave urban areas in favor of regional production and distribution to areas of commerce. Jobs will follow. If commercial production and industrial methodology merge more heavily through technology and infrastructure changes, the industrial factory will leave the city and take even more jobs with it to the inexpensive and idyllic countryside.

As availability of resources and spaceless marketplace and business prove economically superior and a lighter load on infrastructure and individual expense, the importance of a city will diffuse. People were previously drawn to cities because their farms were bought and the city held jobs. Now why will they go?

Thursday, July 13, 2006

State Life Insurance

The state should automatically pay for a life insurance policy equal to a person's standing debt at all times to avoid related shortfalls.

Wednesday, July 12, 2006

Taxes

We should seriously attempt to assemble an economic program to increase taxes for the richest Americans. We should assemble economic factors from quality of life to debt to growth to war and future costs and raise these taxes and reduce our expenses. Differentiation of class, adjustment in business, investment abilities, and economic plan for the coming ten years or so.

Even if we raise rich's taxes and don't change the budget we will do better over the ten years. much of our economy growth has come from debt. It is important that debt not be profitable. That our debts not be 'reinvested' in our own economy. That dissolves the viable density of our economy and reduces our economy strength. We should raise taxes to cover our debts and reduce institutional spending without reducing healthcare, education, or construction labor.

Tuesday, July 11, 2006

Do Not Call List

Seems like loose change now, but the Do Not Call list is an excellent and positive way for businesses to stop wasting their own time and paper and the time and paper o their potential and non-potential customers.

**Most people who want the Do Not Call list don't want your stuff**

And it will be hard to trick them into buying it. You're probably not making money, or much money, on them. "Cold calling" as we refer to it is bogus junk. When painting, I would entirely bypass houses that clearly did not need paint. Why would I waste my own time? It might be nice to say hi to the neighbor, but would I ring their bell? The odds are low. I provide a service to people, not a harassment.

The same can be said of direct mail and phone solicitations. The federal Do Not Call list should be followed by a Do Not Mail list.

Monday, July 10, 2006

Democratic Capitalism

The results of democratic capitalism seem to be an unfair collection of wealth around a certain few at the top. This is as critically dangerous and non-water-tight as any other form of government's ills.

I believe that this kind of mercantilism cannot work. We have legally shifted beck to mercantilism from a truly free market because of the limitation of oil. Removing the economy of an enemy improves yours with more bud. I mean oil. A world of limitless economy vs a perceived and engineered world of shortage. Sterring towards peak oil is switching the world to mercantilism from capitalism. This is not legal.

Nor is it necessary. Artificial reliance on oil and artificial shortage are being imposed by megacorporations seeking to make more money on monopolies on their products.

We could have enacted anti-trust laws on vehicle companies using only oil sometime in the 1910's. Currently some company-chains have cartels. Is it legitimate to seperate a company with dotted lines across cottage components? How much stock does a company need to own in another to be considered part of that company? 50%? 25%? 5%?

We may be able to place an anti-trust suit forcing corporate change in America and the world. It will take the actions of the government and Congress, to adjust American spending policies. Oil must not be the only option. We can prove that meaningful alternative fuel and oil-efficient technologies exist by citing evidence from the patent office. We should arrange legal action to split companies from oil, for the world's good, and because of this time of fiscal difficulty.

Thursday, July 06, 2006

A Call From the Wild: Come Home

I call on Americans and people of the world to live more simply, more cheaply. I invite you to reduce your use of cellular phones. Avoid their hidden fees and microwave-level RF radiation. You can hard boil an egg with a cell phone in 65 minutes.

I invite you to drive less and work or shop closer to home, or on the internet. Of course visit friends everywhere, but consider a bus. Get a more fuel efficient vehicle or convert your vehicle to run on biodiesel or ethanol. You'll save money, protect the environment, and reduce the planet and economy's fuel load. Buy a slightly used car instead of a new car.

Eat healthier. Buy organic foods and cook for yourself and your family. Avoid going to national fast food franchises.

Turn off the TV. If you don't need the extra TV, sell it or throw it away. Avoid cathode ray tubes. Think twice about buying that second computer and instead save the money, tithe, or use your time differently. Exercise more. Buy a bike with a comfy seat.

Buy more of your clothes from the salvation army or goodwill. Donate more of your clothes to the salvation army or goodwill.

Start a garden. If you're building a home or want to, make it earth sheltered or earth birmed, and put a garden on the roof of it. A well built earth sheltered home will help insulate and protect you from all manner of troubles. Consider adding solar panels or a wind turbine if your areas is conducive to alternative energy. If you live on a river make your own waterwheel 1890's style.

Turn off lights and computers when not in use. Try to use your air conditioner and heater less.

Talk to your senator and representatives. Talk to the Supreme Court. Talk to the White House. But first, get informed with all the information you can receive. Do not listen to what they say on TV. Do your own research! You will enjoy the satisfaction you receive from educating yourself. Love yourself, and treat yourself and your neighbors well.

Wednesday, July 05, 2006

Click This To Stop World Hunger

Click to Stop Hunger

Economic adjustment necessary

Examine this article:

"good point, johnson

hey, i found this excellent article on the 5 circles of hell that new Sec Treas paulson will encounter. not about oil, but relevant to makin good progress under King George


....The Fourth Circle of Economic Hell

“I said: “My master, who has set this anguished gust in motion? And he to me: “You shall soon be where your own eye will answer that.”
~ Dante, Divine Comedy: Inferno, Canto XXXIII
It is in the Fourth Circle of Economic Hell that Paulson’s Saga becomes the Ordeal that it truly is. This is the Circle of the Real Economy on which the Third Circle of Fiscal Effects must inevitably rest. With all the glamour lavished on financial manipulation, we sometimes forget that, eventually, real things have to be made. Before money can be sold, subordinated, factored, futured, arbitraged, discounted, traded, and so on, real people have to produce and consume real products. It is here that Paulson and Bush cower in such hopeless despair.

More than 100% of the growth in Gross Domestic Product over the past five years is attributable to the expansion of debt. GDP is up $2.8 trillion since 2001. But government debt alone is up over $3 trillion for the same period. Add in the explosion of home mortgage debt at over $5 trillion, and a cumulative $3.5 trillion in trade deficit, and you get a Real Economy that is literally going backwards. The illusion of affluence is only sustained by selling off the family china. Working Americans know this all too well and the reason is not hard to see: the American consumer simply doesn’t have enough money to pay his bills.


i have thought that our famous growing GDP must be a scam - it's just debt!


Real average hourly earnings are 14% below their 1973 post-War high. Real median household incomes are still 4% below where they were in 1999. The economy has lost almost 3 million manufacturing jobs since 2001—twenty per cent of its total. Delphi Automotive, the largest automobile parts manufacturer in the world is in bankruptcy. It is demanding 60% pay cuts of its work force. Ford and GM are closing 19 plants between them and have just announced severances for 45,000 workers.

Employment in the communications equipment industry is down 43% since 2000. Semiconductor employment is off 30%. Electrical equipment has shed one quarter of its industry’s jobs. Textiles, off 40%. These are the high-wage jobs on which the American middle class—the American standard of living—once rested. Replacing them with jobs for waitresses and bartenders, home health care workers, fast food servers, and greeters at Wal-Mart doesn’t begin to sustain consumer purchasing power.


But that is the overwhelming nature the employment picture under the Bush administration. The economy has needed seven million new jobs just to keep pace with population growth since 2000. It has added just over three million, virtually all of them in low-paid domestic service sectors. This evisceration of labor and labor-based income comes at a time when corporate profits are at their highest level as a percent of national income since 1947 while labor’s share is at its lowest level since 1946. The rich are getting richer and everyone else is getting dramatically poorer.

These reversals are not accidents. They are the intended outcomes of two and a half decades of government policy designed to increase the returns to capital while reducing the bargaining power of labor. The policy began with Reagan’s Supply Side Economics, which cut the marginal tax rate on the highest incomes from 75% to 38%. It is bookended by Bush’s unending tax cuts for the wealthiest, from income taxes, to taxes on interest, dividends, capital gains, and, if he gets his way, the estates of multi-millionaires. All these cuts favor the very wealthiest of Americans at the expense of everybody else.

In this environment, with median incomes falling for decades, the only way to maintain the American family lifestyle is to borrow against the house. And when that is still not enough to keep the economy afloat, the government must step in and borrow against Americans’ future earnings. But rising interest rates are already killing off the tenuous housing-based recovery. And as prices rise with them, consumers are left with even less money to spend. The imperative for more and still more government borrowing becomes overwhelming.

This is Paulson’s inescapable dilemma. If he wants to continue the Republicans’ policy of shifting the nation’s wealth to those who are already the most wealthy, AND sustain the illusion of broad-based prosperity, he has no choice but to increase deficit spending (and therefore borrowing) at a greater and ever-greater rate. To be sure, the higher interest rates that result are an unquestioned boon to Paulson’s coupon-clipping friends. But they are a death sentence for the Real economy.

The Fifth Circle of Economic Hell

"He made me stop and said: 'This is the place where you will have to arm yourself with fortitude.' Oh reader, do not ask me how I grew faint and frozen then—all words fall short of the horror it actually was."
~ Dante, Divine Comedy: Inferno, Canto XXXIV
We have reached, then, the Fifth and Final Circle of Economic Hell. It is this Circle upon which all other Circles—the Real Economy, Fiscal Effects, Monetary Effects, and Ephemera—ultimately rest. It is the Circle of Structural Decline.

As onerous as they are, the deficits described in Circle Three, above, constitute only a small fraction of the total indebtedness of the U.S. economy. The official “national debt” is approaching $9 trillion, as noted, a substantial figure, to be sure. But the government’s “unfunded liabilities”—obligations it has committed to pay but for which there is no known source—are estimated at an incomprehensible $58 trillion. Add in revolving consumer debt, mortgage debt, and corporate debt, and the nation’s total obligations exceed $90 trillion, more than seven times GDP. At the time of the 1929 stock market crash, total debt stood at two times GDP. These obligations will never be paid.

The reason is that the job drain from the U.S., while it looks like a torrent now, is still only a trickle. Though the U.S. won the Cold War, it is rapidly losing the Cold Peace, which began when China ended its communist isolation and joined the world market. The average wage in China is $.57 per hour. China has more than half a billion workers meaning the drain of good jobs from the U.S. to China can go on indefinitely—and will. Alan Blinder, a Princeton economist and former Governor of the Federal Reserve Board, has estimated that as many as 56 million U.S. jobs are susceptible to outsourcing of the sort that has already dealt such damage to U.S. incomes.

But this is exactly what Bush and Paulson and their fellow “conservatives” intend. This is the magic of “globalization” that the Heraldic voices of Thomas Friedman and others eulogize as inevitable. Globalization means liberating capital from all obligations to national well being, freeing it to pursue only the highest returns it can find, no matter where they may lie. That means seeking out the lowest paid labor and shifting all possible jobs there. That is China. Or India.

The U.S. worker and the U.S. economy will be left to their own devices. All social safety net systems must be dismantled for, given the colossal debt, they can no longer be afforded. These include welfare, unemployment and disability insurance, pensions, health care, Medicare, Social Security, job retraining, and eventually, education. ..... "

It was captured from wbur.org by one macunix. If the facts in it are correct, [note that total oil production does not an argument make against aging fields] then severe economic consequences are coming in the next ~2 years.

**I want a good economy for middle class folks.**

I want those rich folks who do to change their ill reaping ways.

The American economic boom and collective fortunes have been squandered by chasing wealth. The choice we had and still have circa 1997 is the lead the switch from oil fuel to alternative fuel. Stanley Meyer came at just the right moment. Please God let us not walk down the path to what we deserve. Let us awaken, repent, and use the gifts we have been given to save ourselves and turn to you.

Let me write Better Godliness Through Love and finish BGodliness Through Chemistry and evil can be trounced in a media publicized and God serving way.

I will begin.

[I want this portion to go unannounced. I do not want to spook investors or economists. I want them to think rationally and change. I am concerned about the economic condition of the coming 5 years. Less than 5 in particular. I believe that there will be a major and likely somewhat sudden but protracted downturn in $, due to American credit ratings failing, energy prices rising, increasing competition for American jobs and an increasing population. I have no idea what this might be caused by. Maybe the people will find out when the DOW breaks. Maybe it will come from oil. Maybe it will be put to them from the media by budgetary analysis. Maybe the FED will announce major changes in their structure and Congress will get on the stick about American economic performance and release badly needed, or badly delayed in development technologies required for growth. Or maybe those technologies will pop out chaotically and unexpectedly in an economic 'rupture'. I hope that does not cause death. Well more death. In fact I hope the two million wells campaign works and a spotlight is shined on 3rd world analysis and alleviation. We should move on this data. State, release the water splitter to the top 3 priorities you can think of, and let's get this pogue thing off the ground for 2007, and let's also get a solution for the coal plant sooner than water splitting as a segway. And let's wipe nuclear off the map. Make it happen.]