By Leonard C Tekaat
Committee Petitions U.S. Congress
The Committee for Economic Reform and a Better Economic Future petitioned the U.S. Congress today to hold open meetings to discuss and debate their Alternative Economic Stimulus Plan.
The economic stimulus plan does not rely on government bailouts and trillions of dollars of government deficit spending. The stimulus plan they are proposing will not cost the American people anything over time.
As explained to me, there is a major flaw in our economic policies. There is too much debt being created in the inflation economic cycle, which leads to a recession or depression.
When a recession is created, the government repeats the same mistake of creating a huge deficit, to stimulate the economy that leads to inflation. By using the income tax to discourage excessive credit use, to maintain a balanced economy, will help eliminate the endless cycles of inflation and recession.
The currant recession can be corrected without the government creating a huge deficit. By using the Alternative Economic Stimulus Plan to stimulate the economy, it will end the recession without creating another inflation cycle.
Their plan relies on a few policy changes to lower mortgage rates by 2 to 3%, which will reduce most people's monthly mortgage interest payments by 50% when they refinance their mortgages. There-by increasing their disposal income an average of $750.00 per month! That's like receiving a $750.00 stimulus payment every month for 30yrs.
With safe guards included in the plan, the chance of another housing bubble is nil. Their stimulus plan also includes a policy that will help those homeowners that owe more on their mortgages than what the house will sell for.
Our economy has been turned upside down. Instead of the enterprise-capitalistic economic system providing the needs of the citizens, the government is attempting to provide employment, social programs and economic stimuli with a huge deficit. Because of the government's excessive spending, the government will have to either raise taxes or create inflation to reduce the debt.
A problem arises when Congress does not use the increased revenues when the economy comes out of recession and taxes are raised, to decrease the debt. Instead of paying down the debt, they re-inject the money into the economy, thru programs and expenditures, increasing the money supply. Thus creating an inflation economic crisis, that the increased taxation was designed to prevent.
It is the enterprise entity that needs the means of exchange increased to facilitate the exchanging of goods and services. With the correct amount of the means of exchange, the enterprise entity will start working again. By balancing the means of exchange with supply the recession will end and the unemployed will be employed, increasing their disposable income. This will increase economic activity, thereby restating the economy.
Advisers surround President Obama. His primary economic advisors are from the capitalistic entity. He is being incorrectly advised. The capitalist are more concerned about balancing their books than providing the enterprise entity with the means of exchange it needs, which will allow the enterprise entity to work, there-by balancing the books of the capitalistic entity.
On our Federal Reserve notes is printed IN GOD WE TRUST it should read IN THE FED WE TRUST. The government gave its power over the money supply to the Fed. The Fed with its interest rate policies and the government's misguiding tax policies are the people's agencies that created the currant economic crisis. People that did not understand the dangers of credit helped them. Add in greed and you have a perfect storm, heading for a major economic crisis.
For more information go to http://economysflaw.wordpress.com - http://www.americansolutions.com search articles and comments by happyashell
Article Source: http://EzineArticles.com/?expert=Leonard_C_Tekaat
Wednesday, May 13, 2009
Are Our Economies Going to Return?
By Markus Taylor
An estimated 30 trillion plus dollars was wiped out in one of the greatest economic crashes since 1929. This in reality created the complete collapse of our banking system, and many industries which depended on the previous fast moving bubble economy.
Given these simple facts, our economies cannot return to the same state before 2008, but they can evolve and become viable again, if we can sort out the banking crisis, and create new industries that can compete in a Global Marketplace.
The days of an unsustainable credit economy may be gone, but household credit could still remain available in a New Economy that should evolve as our old economy changes, and develops into a more sustainable post-crash economy.
There are four vital lessons learnt from the death of our old unsustainable Economy:
1. Too much Credit is bad for an economy, because it is based on an assumption that a natural economy always develops and is not subject to the natural laws of the business cycle. In fact too much easy credit, could be a sign that an economy is in deep trouble, simply because people are encouraged to prolong an economy that is over-saturated with consumer goods, and are enticed into buying only because of easy credit.
2. Globalization did work but only because Industries were producing for consumers who were borrowing on easy credit. Many of the countries that were producing
these products were based in low wage, emerging countries, and were too dependent on supplying the credit economies of Europe and the USA.
3. Sustainable employment was not being created in the USA or Europe, as these producer Countries were developing their own economies as our Corporations outsourced or permanently re-located jobs to these Countries. And Consumers purchased products made from these Countries, rather than
in their own Countries.
4. We failed to diversify our Economies, because we could not compete with the low wage emerging producer countries. And depended on credit on over valued
salaries, that are uncompetitive in the global marketplace.
These are four reasons our old economy cannot return, but it does not mean there is no economic return for our Countries. A new Economy is going to naturally emerge, that could be competitive in the global marketplace, but depends on our economies producing products that can compete in the global marketplace.
We may also need to re-evaluate our financial system because values were based on speculation rather than reality. Speculative values created over-valued housing, not based on the real value of housing but on the amount of credit consumers were allowed.
True home values really could be based on the amount an average family earn, and can afford to pay over a period of time. Therefore a couple earning a net annual income of 30.000 dollars, could in reality afford a house at 200.000 dollars not 400.000 plus. This only creates an unsustainable speculative housing bubble.
Bailouts and Stimulus packages may help save parts of the old unsustainable economy, but they are primarily based on borrowed public money, and the sale of interest bearing government bonds. This money has to be returned probably as taxable income from the very same consumers that are struggling with over-extended credit.
One message we are slowly learning from the current economic crisis, is that it is nice to go shopping, but only if we can afford it!. And we should learn to save part of our income, and in part borrow within our means. Consumers in Europe, and the USA fuelled the previous economy through easy credit, unsustainable credit. Our Governments failed in part to support new competitive industries that could compete in the global marketplace.
Many people did not foresee that emerging Countries not only produce cheaper consumer goods, primarily because of low wages, and access to cheaper resources. But they learnt from us, how to produce these goods, and how to do things better than us.
Few people realized that China has thousands of years of experience in International Trade, and commerce. It has only been 500 years since Europe could emulate this success, and 200 since the USA started emulating this. Considering there has been growing evidence that 'Native" American Indians traded with Chinese Traders, before America was "discovered," by Europeans, this is one lesson we need to realize.
Taking a hard reality check, may help us start creating a new economy that will bring us back our economy. Not bring the Chinese economy to us, as we borrow and speculators earn quick profits on inflated values of property and stocks.
One way forward is the new Green economy, and a silent revolution in manufacturing using Nano Technology. Both could create a new but sustainable economy, that we all could share the benefits instead of speculators leaving us with the bill, as they did with the old economy.
The Asian European University awards you International recognition for your previous academic, and life experience in the form of a degree.
The Asian European University assesses your experience using the Internationally recognized APEL method. Accepted Graduates also are awarded 15 free ebooks.
For a complimentary assessment to see if you qualify for an International Degree:
http://www.asian-europeanuniversity.com
Article Source: http://EzineArticles.com/?expert=Markus_Taylor
An estimated 30 trillion plus dollars was wiped out in one of the greatest economic crashes since 1929. This in reality created the complete collapse of our banking system, and many industries which depended on the previous fast moving bubble economy.
Given these simple facts, our economies cannot return to the same state before 2008, but they can evolve and become viable again, if we can sort out the banking crisis, and create new industries that can compete in a Global Marketplace.
The days of an unsustainable credit economy may be gone, but household credit could still remain available in a New Economy that should evolve as our old economy changes, and develops into a more sustainable post-crash economy.
There are four vital lessons learnt from the death of our old unsustainable Economy:
1. Too much Credit is bad for an economy, because it is based on an assumption that a natural economy always develops and is not subject to the natural laws of the business cycle. In fact too much easy credit, could be a sign that an economy is in deep trouble, simply because people are encouraged to prolong an economy that is over-saturated with consumer goods, and are enticed into buying only because of easy credit.
2. Globalization did work but only because Industries were producing for consumers who were borrowing on easy credit. Many of the countries that were producing
these products were based in low wage, emerging countries, and were too dependent on supplying the credit economies of Europe and the USA.
3. Sustainable employment was not being created in the USA or Europe, as these producer Countries were developing their own economies as our Corporations outsourced or permanently re-located jobs to these Countries. And Consumers purchased products made from these Countries, rather than
in their own Countries.
4. We failed to diversify our Economies, because we could not compete with the low wage emerging producer countries. And depended on credit on over valued
salaries, that are uncompetitive in the global marketplace.
These are four reasons our old economy cannot return, but it does not mean there is no economic return for our Countries. A new Economy is going to naturally emerge, that could be competitive in the global marketplace, but depends on our economies producing products that can compete in the global marketplace.
We may also need to re-evaluate our financial system because values were based on speculation rather than reality. Speculative values created over-valued housing, not based on the real value of housing but on the amount of credit consumers were allowed.
True home values really could be based on the amount an average family earn, and can afford to pay over a period of time. Therefore a couple earning a net annual income of 30.000 dollars, could in reality afford a house at 200.000 dollars not 400.000 plus. This only creates an unsustainable speculative housing bubble.
Bailouts and Stimulus packages may help save parts of the old unsustainable economy, but they are primarily based on borrowed public money, and the sale of interest bearing government bonds. This money has to be returned probably as taxable income from the very same consumers that are struggling with over-extended credit.
One message we are slowly learning from the current economic crisis, is that it is nice to go shopping, but only if we can afford it!. And we should learn to save part of our income, and in part borrow within our means. Consumers in Europe, and the USA fuelled the previous economy through easy credit, unsustainable credit. Our Governments failed in part to support new competitive industries that could compete in the global marketplace.
Many people did not foresee that emerging Countries not only produce cheaper consumer goods, primarily because of low wages, and access to cheaper resources. But they learnt from us, how to produce these goods, and how to do things better than us.
Few people realized that China has thousands of years of experience in International Trade, and commerce. It has only been 500 years since Europe could emulate this success, and 200 since the USA started emulating this. Considering there has been growing evidence that 'Native" American Indians traded with Chinese Traders, before America was "discovered," by Europeans, this is one lesson we need to realize.
Taking a hard reality check, may help us start creating a new economy that will bring us back our economy. Not bring the Chinese economy to us, as we borrow and speculators earn quick profits on inflated values of property and stocks.
One way forward is the new Green economy, and a silent revolution in manufacturing using Nano Technology. Both could create a new but sustainable economy, that we all could share the benefits instead of speculators leaving us with the bill, as they did with the old economy.
The Asian European University awards you International recognition for your previous academic, and life experience in the form of a degree.
The Asian European University assesses your experience using the Internationally recognized APEL method. Accepted Graduates also are awarded 15 free ebooks.
For a complimentary assessment to see if you qualify for an International Degree:
http://www.asian-europeanuniversity.com
Article Source: http://EzineArticles.com/?expert=Markus_Taylor
Having Barack Obama on a New Dollar Bill
By Todd Hicks
Do you ever take a serious look at your money? Do you know who is on the various coins and dollar bills? Does this matter to you? If this does matter to you, you know there is a historical significance to the figures on the various currencies. For example, George Washington is featured on the one-dollar bill because he was the first president of the United States of America. Plans are under way to place the nation's new president, Barack Obama, on a dollar bill. You will learn what the portrait of Obama could represent.
One thing Obama's image will represent is a major contrast to George Washington. If you pay attention to the current dollar bill, you realize Washington was the president over two centuries ago. By looking at something featuring Obama, you will see a man who just became the nation's first black president over two centuries later; yet, we should never eliminate the dollar bill that features Washington. Having a dollar bill that features Washington and another one that features Obama will create an awesome combination that would be almost impossible to beat.
Another thing the president's image will portray is history. Looking at his image when you see or hold a dollar bill will remind you of the spectacular progress and change that has been made in our nation.
This portrait could be an inspiration to black people. Each time they see a dollar bill with the new president on it, they might think, "Hey, there truly is hope for me. If I put my mind to it and work hard, I can become the president or become someone who will always be admired or remembered for doing extraordinary things."
Obama's picture could represent an incentive to plenty of people to earn as much money as they can. They might be inspired to earn lots of money so they can have lots of dollar bills that feature the likeness of Obama.
We have a five-dollar bill that features Abraham Lincoln, the nation's sixteenth president; consequently, it is only fitting to have a dollar bill that features Obama. Lincoln emancipated black people from slavery and helped pave the way for them to acquire political and economic opportunities. By the way, Barack looks up to Lincoln and is trying to establish his presidency based on Lincoln's political greatness.
Obama's currency inclusion will signify a lifetime treasure. It will let future generations know the nation has not only had presidents who are white men.
You have learned the significance of having a dollar bill that features Obama.
Todd Hicks owns Skill Development Institute, an enterprise that provides a keyboard typing lesson and academic study guide. To become a great typist or student, visit Skill Development Institute. http://sdinst.blogspot.com
Article Source: http://EzineArticles.com/?expert=Todd_Hicks
Do you ever take a serious look at your money? Do you know who is on the various coins and dollar bills? Does this matter to you? If this does matter to you, you know there is a historical significance to the figures on the various currencies. For example, George Washington is featured on the one-dollar bill because he was the first president of the United States of America. Plans are under way to place the nation's new president, Barack Obama, on a dollar bill. You will learn what the portrait of Obama could represent.
One thing Obama's image will represent is a major contrast to George Washington. If you pay attention to the current dollar bill, you realize Washington was the president over two centuries ago. By looking at something featuring Obama, you will see a man who just became the nation's first black president over two centuries later; yet, we should never eliminate the dollar bill that features Washington. Having a dollar bill that features Washington and another one that features Obama will create an awesome combination that would be almost impossible to beat.
Another thing the president's image will portray is history. Looking at his image when you see or hold a dollar bill will remind you of the spectacular progress and change that has been made in our nation.
This portrait could be an inspiration to black people. Each time they see a dollar bill with the new president on it, they might think, "Hey, there truly is hope for me. If I put my mind to it and work hard, I can become the president or become someone who will always be admired or remembered for doing extraordinary things."
Obama's picture could represent an incentive to plenty of people to earn as much money as they can. They might be inspired to earn lots of money so they can have lots of dollar bills that feature the likeness of Obama.
We have a five-dollar bill that features Abraham Lincoln, the nation's sixteenth president; consequently, it is only fitting to have a dollar bill that features Obama. Lincoln emancipated black people from slavery and helped pave the way for them to acquire political and economic opportunities. By the way, Barack looks up to Lincoln and is trying to establish his presidency based on Lincoln's political greatness.
Obama's currency inclusion will signify a lifetime treasure. It will let future generations know the nation has not only had presidents who are white men.
You have learned the significance of having a dollar bill that features Obama.
Todd Hicks owns Skill Development Institute, an enterprise that provides a keyboard typing lesson and academic study guide. To become a great typist or student, visit Skill Development Institute. http://sdinst.blogspot.com
Article Source: http://EzineArticles.com/?expert=Todd_Hicks
Listening As Self-Leadership and Diplomacy
By Donna Kim-Brand
In a newspaper editorial the day following Pres. Obama's return from his first European trip in office the columnist notes, to paraphrase, "in an epochal development, Pres. Obama seems to have his testosterone under control- he doesn't strut, swagger or flex." (Swagga not-with-standing...!)
Apparently, Obama's view is to show leadership by listening and working in partnership with others in humility even while taking a stand. Naysayers proclaim this will show up the United States as weak and therefore vulnerable. They also bristled when he reminded the Turks that his middle name was Hussein and that he had lived in a Muslim country, considering this a sort of selling out.
From a more informed view, one could say he was simply using good practices of finding common ground and building rapport with his audience before announcing, "I get you. We are not enemies". On this friendly, non-adversarial foundation he is in a better position to make policy requests as and when needed, for the perceived good of all concerned.
To me, this is an edifying and hopeful approach which takes far more courage than saber rattling. And it has nothing to do with political views. Leadership of others starts with self-leadership. Policy wise, this is exemplified in Pres. Obama's support of National Service. While details are still scanty, I am hopeful for a program that calls upon self leadership and creative expression to make a positive contribution in the wider world. This is Living Legacy in action!
I am grateful we seem to have an excellent role model in President Obama. Can we follow his example, and lead by listening more in our own lives? Yes, we can!
In the spirit of evolving 21st century humans, step out and step up!
And please do join the conversation on Creative Living and your Legacy at its Best at http://www.DonnaKimBrand.com
From Donna Kim-Brand, Creative Energizer & Living Legacy Strategist
Article Source: http://EzineArticles.com/?expert=Donna_Kim-Brand
In a newspaper editorial the day following Pres. Obama's return from his first European trip in office the columnist notes, to paraphrase, "in an epochal development, Pres. Obama seems to have his testosterone under control- he doesn't strut, swagger or flex." (Swagga not-with-standing...!)
Apparently, Obama's view is to show leadership by listening and working in partnership with others in humility even while taking a stand. Naysayers proclaim this will show up the United States as weak and therefore vulnerable. They also bristled when he reminded the Turks that his middle name was Hussein and that he had lived in a Muslim country, considering this a sort of selling out.
From a more informed view, one could say he was simply using good practices of finding common ground and building rapport with his audience before announcing, "I get you. We are not enemies". On this friendly, non-adversarial foundation he is in a better position to make policy requests as and when needed, for the perceived good of all concerned.
To me, this is an edifying and hopeful approach which takes far more courage than saber rattling. And it has nothing to do with political views. Leadership of others starts with self-leadership. Policy wise, this is exemplified in Pres. Obama's support of National Service. While details are still scanty, I am hopeful for a program that calls upon self leadership and creative expression to make a positive contribution in the wider world. This is Living Legacy in action!
I am grateful we seem to have an excellent role model in President Obama. Can we follow his example, and lead by listening more in our own lives? Yes, we can!
In the spirit of evolving 21st century humans, step out and step up!
And please do join the conversation on Creative Living and your Legacy at its Best at http://www.DonnaKimBrand.com
From Donna Kim-Brand, Creative Energizer & Living Legacy Strategist
Article Source: http://EzineArticles.com/?expert=Donna_Kim-Brand
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