Helicopter...



Helicopter Ben

Bernanke is a modest income man with many rich opponents and critics. His decisions can take the economy or an industry through the roof.

In 2004, 05, 06 big games of deception in the Housing market  took place and the outcome was terrible.

In 2008, it all came crashing down.  "Wall Street", the Banks, Financial Institutions, and the world money market collapsed. Seven Trillion Dollars evaporated, and that only was the beginning.

Housing collapsed, Financial Institutions sold to banks, and Auto Industry bankrupted.

The Dow 14000 goes down to 6000 by March, 2009, Unemployment is 10.7%, 

The world looked to US Treasury and the Federal Reserve for help.

TARP was created to help the banks, AIG was bailed for 180 Billion Dollars, Auto Industry revamped, and the Feds "Quantitative Easing" Began, three trillion dollars.

"Don't fight the Fed" is the best advise any can give.


TARP all paid back but small amount. AIG's paid with profit of 27 Billion Dollors. Unemployment down to 7.8%, Auto industry is back and the DOW is 13000 by 2012.

The last decision of the Fed is to target unemployment to 6.5% and inflate the economy 2.5%.

So there is someone working on your behalf.

Say Happy Birthday to the man of this decade.....

The Fiscal Cliff.. Kicking the can

The Cliff 0f 2012

We all are concerned about the cliff. Higher taxes on everybody, less investment, slower economic activities and may be a recession.

To solve the problem, politicians are negociating something we don't know what.

Here is a summery of what will happen

• Housing deductions: One Trillion Dollars tax revenue goes to the Banks.
• Social Security: cost $730 Billions, goes to small business and Medicare.
• Medicare: is $770 Billions, goes to hospitals, Doctors, Nursing homes, Insurances
• Business deductions: goes to other businesses and bonuses
• Defence industries: goes to big businesses and then funnelled to small.
• Taxes on the Wealthy: The smallest out of all.

We need 420 Billion dollors down annualy out of all the above. Not hard to do.
We all are going to be ok, Rich, Middle and Poor.

The solution will cover the coming 10 years. Businesses will flourish. Then, the rest is kicking the can down further as new decisions and circumstances develop.

"Take therefore no thought for the morrow: for the morrow shall take thought for the things of itself."   Just a thought.

The "Quite" War...



Hamas Leader's car

The price of Oil and the cause of War

Oil is the major comodity traded worldwide.  Prices reached $147/Barrell at one time and now around $85/Barrell. Countries who have it are rich.

USA, the largest consumer of 19 Million Barrels/day, took steps to reduce the consumption.

The IEA anounced that USA would be a major oil producer, exceeding Saudi Arabia, by 2020 and energy suffecient by 2035. This may happens sooner if we turned to Natural Gas.

Iran can't sell enough oil to support its economy due to the current embargo.

The Gaza rockets attack on Israel and the expected retaliation increases oil prices up    $4/B but is going back.

As the oil supply increases, and USA's utilization decreases, the Middle East will change dramatically. It will quite down the desire for war.... greatly. The oil becomes a regular, low price product with no connection to any conflict. A boring time for many.

After-The Election

The Election process is the greatest exercise of our Democracy. It gets us a great reward. 
Some may have been disappointed at the 2012 outcome... 50 Millions of them.

However we put our foot down, drawn a line in the sand.

We need and want:
Reinventing the US Economy
jobs for everyone who needs it
Strengthen the Social network for retired American citizens in living expenses and or Healthcare.

• No more war, in Afghanistan, Iraqi, Syria, or Iran.  No more killing, no more losses of young people's lives, limbs, and no more families destroyed.
• No more dependence on foreign oil. A barrel that reached $147 at one point.
• No more collapse of the economy and housing market. No more Banks playing the "now you see now you don't".
• No fiscal Cliff.
• No more US huge debt.

Not much to ask for, is isn't it?

We gave the officials three years to achieve it or we vote them out.

.Sandy's wrath.

The impact of huracaine Sandy was beyond expectation. Powerfull, destructive wind and water. Some areas were on fire, houses washed away, electrical grid damaged, transportation stopped and hospitals flooded.  Millions are in so much trouble.         

We looked to the government for immediate relief.

Food to the hungry, water to the thirsty, shelter to those without, cloths to the needy, hospital to the sick, and home visit to the elderly. 

³⁵ For I was hungry and you gave me something to eat, thirsty and you gave me something to drink, I was a stranger and you invited me in, ³⁶ I needed clothes and you clothed me, I was sick and you looked after me." 

Big Government or not .. pay your fair share, and donate some extra to the relief efforts. You and your loved ones are lucky.... survived.

Romney's Agenda

 

Romney's proposal...
*"Tax reduction 20%" across the board?!!! a 5 trillion Dollars hole. This is not for you, the little people or the 47%.
*Healthcare: abolish the affordable act, and create a new healthcare for private healthcare Insurances to compete.
*Medicare: Vouchers, current senior may not be impacted!!!?
*Banks regulations to be reduced, lower burden on the financial institutions, back to laverage of 40 to 1.
*Women's health is controlled by electd officials, not the Supreme Court.
*Iran must not have "Weapons of Mass destruction". Memories of Iraqu's story.
Sound familiar to "Bush the second". Same talk, same idea, and same view. Watch for the outcome.
*Create 12 million jobs.

In 2008, US government had to gaurantee the money market, Fannie and Freddie, AIG, the big banks, and the auto industries. With that, lehman Brothers, Country Wide, Merrill Lynch, Washington Mutual, others evaporated, and the worse housing bubble ever. A loss of five Trillion dollars.

You may not have realized the financial collapse then but it did happen and would have wiped everyone out and I mean everyone around the globe. As the fed chairman said "By Monday we would not have an Economy...!!!!"

The Invisible...!

The Good Samaritan theory established more than 2000 years ago.

Adam Smith published his theory of economics "the invisible hand" in 1776. A free market where you buy what you want and others manufacture what they want the way they like. This will help the society where all benefit.

To avoid having extra supply in one location, roads, trucks, railroads, ...etc. were built.

Now the demand on potatos equal the supply in Idaho as well as in New York. More profit to the grower and to the market.

In the process, a new class of people fell off the wagon, and landed in the bottom of the society. The society and the individuals have responsibilities towards the less fortunate. 

"For I was hungry and you gave me something to eat, I was thirsty and you gave me something to drink, "I was a stranger and you invited me in, I needed clothes and you clothed me, I was sick and you looked after me, I was in prison and you came to visit me.’

So  "promise you wouldn't forget me... ever" Just a thought.

Find Yourself..

We all watched and enjoyed the 2012 London Olympics. Young people pushing themselves in training, exercises for years to appear for few minutes. Hard work no doubt.

Nothing happens without hard work. But nothing can stop someone from achieving the goal if they decided to.

The champion of Soma wrestling, a Japanese dominant sports, is an American young athlete.

The best Golf player in the world, in a white dominant competition, is a young man with an African American father and an Asian Mother.

The best music wrapper, a music populated by African American singers, is a white man with fantastic music and much follower.

Earlier, the best basketball player was a short man of 6 Feet tall, in a sport of tall men of 6.8 feet minimum.

The best soccer player in the world was a short and slightly over the regular weight, Argentinian player. The best current soccer player is a short skinnier Argentinian player also.

The President of the USA, in a white, predominant population, is Barak Obama, born to a black father and a white mother.

Life, to many, is unfair or may be fair but we couldn't understand it. There is  something out in the world for you. Go create it, study it, initiate it, help others with it, and you will find yourself.

Teach it to the world

                     IN CONGRESS, JULY 4, 1776

The unanimous Declaration of the thirteen united States of America

When in the Course of human events ...........

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.

— That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and .......

The Affordable Act

 The Supreme Court upheld the new law against all odds and expectation. 

For those who are young and "restless", the healthcare Insurance will have minimal plan such as catastrophic coverage and once a year physician visit.

Businesses will include exercise gems all over the place and encourage the employees to workout.

Overweight and Smokers will lose money and  jobs to fit and non smokers applicants.

Advanced diseases treated at the emergency room cost thousands fold the cost of just visiting a physician before it got so complicated.

More people will be insured, less would be treated on someone's else expenses. The overall is healthy nation and lower healthcare cost.     In addition Less Fraud on Medicare and Medicaid.

The economic pie will be modified with prices of  services and many items will have to adjust.

The Republican machines name it "Obama Care".  Rush  who wanted Pres. Obama to fail, is fleeing to ...... ?  Canada has a single payer system!!!!!!