Obama Ask Congress for More Executive Powers? When Pigs Fly!

“If you talk to regular Americans, they’ll tell you.”, Obama said this at the podium this morning, to an audience he welcomed as “business people”, to start. The theme, requesting more executive power from congress to “streamline” the executive branch, comes at a time when Congress seems more like a lame duck session, than some of the last lame ducks sessions.

Some of the things I noted during the speech was that this disconnect between the support for business and a relationship with the people just seems infinitely vast. Especially when you describe the “regular” American’s as “they”. And it’s not just a simple careless phrase, it’s a symptom of the real issues facing this country.

The real problem in the US is the disconnect authority has with it’s own members. Obama spent the entire speech addressing the wrong audience. His focus and language was entirely meant for congressional members and NOT the American people, or they, but rather itself technically; USA.

To me Obama and his political will is missing the real point of leading the “people”. He is a populous president, under the guise of his campaign promises, that is completely ignoring his power base. The Republicans have actually suggested that Obama is behind the Occupation, which is just insane. The fact is that the so called “liberal” media has successfully ignored any social interest in the movement. They have tried to demonize it, covering the events that may finally turn into the Seattle WTO convention. That’ll spike ratings!

If Occupy Wall Street has succeeded at anything it has succeeded at exposing the divide between America the television program, and America the reality. It seemed much easier to breeze through the day content to get by until it became obvious that the left was quite right of the center, an amazing lie!

So essentially, knowing congress will deny any hope to improve his campaign position, Obama makes a lame duck request, to help America see the lame duck, and get a sense for the lameness of the duck! But what does that make the populous president, whose promise for changed filled so many with a hope that would eventually turn that hope into anger and resentment. I knew when he was running that he was just another politician, but for the people who really believed in him, he was more than just a little disappointing.

The problem with Washington is it’s full of politicians. People with the power to support Americans, lost to the tide pools of wealth deciding bailouts and buying earmarks and it all hurts Americans, that have placed their trust in the issues and the people, trust in their judgments as fellow human beings living in this miracle of time we share on Earth. The problem is that our president is wasting time with political games intended to get himself re-elected, instead of embracing the America will for change and yielding it. This is someone who could have done that and didn’t! And, it could actually cost him the race.

Could Occupy Save the Housing Sector?

Since the collapse of the camps, Occupy has been soul searching. looking for the next level, as some have put it. A part if the movement has their hearts set on reoccupying their camps, while another sees a different vision.

Since the fall of Chapman and Lownsdale squares and Terry Schrunk Plaza in Portland, their GA has expanded their online and community presence. NYCGA has turned their focus to the community and led a National shift, when they stopped the first foreclosure. It should be the federal government that’s actively stopping foreclosures, but it’s not! It’s the occupy movement that finally realized the  solution to bad lending habits!

Other occupy groups have followed with there own internal restructuring. Building their own solutions like office space and public spaces for meetings. Each group has begun to follow the leads of NY’s stand against foreclosures. This is a two pronged solution to the problem that the camps had inadvertently created unknowingly. Occupy now belongs to the whole 99% by submerging into the community.

Think about it. Occupy, in essence, is a simple platform that allows a community of people to engage. Engagement was the core of the general assemblies intention. Society should be chosen by the people living within it! And not the banks or the politicians that work for them.

The other thing this may effect is housing prices. Slowing or stopping the foreclosures has been the goal all along. It’s the salvo for stabilizing the dollar. If housing prices started to climb again, it would likely bring back lending and we’d be off to the races again. Highly unlikely, but that’s the theory the Fed’s betting on when they print mad cash and monetize the debt with it. The come back! It’s coming!

But consider this! The banks and the US created this issue by failing to regulate the banks, that were directly creating the mess. Then, they got together and, right in front of us, agree to solve their issues with “our” flippen money. Then… They turn around and start taking homes our men and women built with their sweat and labor, and the US let’s them! WTF!

Well, at this point, all I can say is apropos. They say that necessity is the mother of invention and I give you the inertial response to reckless policies. Occupy Our Homes was born out of a void left from the camp raids. It is motivated by an imbalance of political will and rhetoric, while exasperated by the shear desire for true change. And, it might just be the correct move to right the economy.

Occupy Earth and Occupy Yer Self Cause the Good Ole Days is a Gone!

You know the old saying, if Americans can’t afford a house, we’ll just start selling them to someone else, and if they don’t live here we’ll give them visas. And the other saying we’re all familiar with, if you came here just for the education, wait, we’ll give you a visa so you can stay and work too! Oh, and my favorite, if you let us build a military defense system in your eastern European country we’ll kick down a bunch of summer work visas so when we visit our own national parks we can be taken care of by your students instead if ours!

I know some of you might be a bit confused and might not remember many of these old cliches. I admit it’s been some time since we sold out our own for a new fold. Let me think, that would have been before most of you were born, but maybe some of you remember. I think it was around the turn of the century. You know, when we used to lock the polish immigrants in the factory until their 15 hour shifts were over.

If I remember correctly there was a fire in one of those which really messed it up for the rest of us, or we’d probably still be gathering new folks from other countries still, but only when the folks we have start to ban together and ask for things like food and water while their working. That really cuts into their productivity if you ask me.

Look I hate to be the dick here, but don’t we have something like 12% real unemployment. I know it’s a bit inconvenient to keep counting the ones that no longer count, but really! Now you want to give foreigners visas so they can buy the homes you just kicked our unemployed asses out of. Better yet, why don’t you up the ante on the next generation and offer them visas if they’ll vote for your party in the future. Seems like the next best thing to telling the truth and actually having to support your constituency base. Oh wait, that’s not us I forgot. That’s for the 1% and we’re just here to get fucked as often as it fits your political bullshit.

And don’t worry about the fact that there are way more of us than you, cause we’re way to dumb to see through all your powerful talking points and misdirections. In fact we’re so dam close to hill billies that you might as well kill us fir be’n so codependent. Probably the only way you’ll really get any real rest at night.

Now that I seem to have your attention, let me tell you what’s going to happen next so that you won’t be totally caught off-guard when the lights go out! A day will come, and it’s coming soon, that you will open the news paper and find out that confidence in the fiat currencies, you’ve bled the world around you by, won’t be worth toilet paper. I know what you’re thinking, that you already knew and hedged your billions in metals, which frankly will help, but not you. In fact the few coins that people do have will be passed around a few times and the raw truth will suddenly dawn on the others, like a vision, that we don’t need to trade anything. That it was all just an idea that was held in place by the fear of the unknown.

Shame too, that you spent everything you had trying to save a failing idea, while we built an entirely new way of experiencing right In front of you, but you couldn’t figure it out. You tried. We watched you and to you it all seemed like a game without rules or an outcome, nothing you could stop or control, so you considered it an unimportant shadow.

You know what the true irony of it all is? That you will be forced to need. Not by any of us, but by your own actions. You’ll really wish there was an Armageddon that would spare you from living in a world without gold plated fixtures and Latvian maids, but mostly you’ll have to live with yourself among us. In plain clothing we made without your investment. And they won’t cost you a dime and we’ll love you for asking and yes of course will always be our true flag of unity!

Here’s a clue, and it won’t be enough for you to realize it in time, but more of something to reflect on when you finally build up the courage to come out side. It’s the same thing that set Harry Potter apart from himself. The thing that pooh could never speak. It’s the sound of a bee on a warm afternoon and a field of flowers without toil. And you can not monetize it, no matter how hard you try. So when it all comes crashing down around you just remember. I and a few friends did this and never fired a shot! Not really. Actually, you did this to yourself… And what a fucking ride that was!

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Socialmedia Influence – Currency of the Future is now available on Amazon.com, Amazon.co.uk, and Amazon.de

25% of royalties go to support the Occupywallstreet Movement.

Michael Light started Endoflex in 2006 to report the beginnings of the Subprime Mortgage Industry Fallout and has continued with the recent Occupy – United for Global Change.

Occupy Wall Street has changed the way we see the media, and it’s relationship to the powerful influencers of the World, and may even be the spark that ignites the shift from monetary policy influence to Socialmedia Influence. Michael Light reveals this shift in his book with a succinctly humorous history of influence and the shifts that have preceded what may be the next Global paradigm shift.

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OccupyWallStreet is Evolution in the Making – Worldwide on Oct. 15th 2011

A friend recently attended at meeting the took place at Missoula’s Montana University held to explain occupywallstreet. It was hosted by a Republican and Democratic politician and led her to believe that the Democratic Party believes they are going to Co’op the Occupy Movement.

I think it is important to keep in mind that the movement may have been sourced by the need to change an entire system of abuse from both parties and shouldn’t be considered a political gesture on the part of the citizens attending to give credit to one party or the other. In fact George Washington warned Americans early on not to let a party system develop in order to “preserve” the democracy they had fought for.

One of the emplacements log echoed into the minds of Americans through the mainstream media has been the idea that anything other than the system we are supporting, mainly Capitalism, would result in socialism, communism, or worse anarchy. These things have been made to appear as the enemy of Capitalism and this paranoia has gotten so thick that even a peaceful demonstration is being called out as a Class War. It’s pathetic!

Frankly I don’t see the Occupy Movement as anything remotely resembling any of there social fears the media is attempting to project. I see it more as a shift in “Influence”. For the last 200 years, money has been the greatest source of influence on the planet and now that reign is being threatened by social media!

If you think about it, not even the rich would likely do the things they are doing, right now, if not for the rewards involved. Some people think we should just remove the money from politics to settle the matter, but they’ve been saying that since democracy started in Greece.

The fact of the matter is that what is really shifting right now is the mode of communication and information. Social media removes all the filters and allows people to organize beyond the influence of currency, and this change will have lasting effects.

So what it comes down to is not a threat to a way of life, but rather how it is influenced. It is a way for the Imbalances that have been fostered by currency influence to be restored. It is a way for the natural state of humanity, namely empathy, to be regained. This, our ancestors, knew when we were tribes living together for the sake of the tribe. That as a whole working “together” we are more capable than as individuals struggling alone.

I don’t think there is anyone to blame for what we have become, as a planet. It seems natural that we would experience thing in order to understand them;  lest we be condemned to repeat these unlearned. I think we are evolving as a Global Community and part of that is struggling to comprehend our World, and through this we grow and learn and act accordingly.

Some people have been asking me if I think the movement will lose steam. I think they are getting thus idea from the Democratic “talking points” being repeated over and over by the mainstream media. And what I believe is that you can not stop the evolution of the planet, no matter how hard one tries. In fact it only seems to be helping speed things up!!

Get the book Socialmedia Influence – Currency of the Future and help support OccupyWallStreet – 25% of all royalties will be donated to support it!

A Total Paradigm Shift!

One of my friends recently asked me why the Mainstream Media wasn’t covering the events sweeping the US that started out as the movement called #occupywallstreet. In answering her question I had several epiphanies reguarding her sincere question and I realized thet she is probably not the only one that is confused about the why behind her question. I decided to post the answer, although I have edited a bit, so that anyone confused by this reality might better understand the deeper ramifications of what seems to be happening.

Basically, the socialmedia sites give everyone the ability to communicate directly with each other, in realtime world wide. Information is power and it has been filtered by the media in order to slant it to keep the existing paradigm moving forward. In the past a group of people could be ignored and it kept them alone and without support. Now they can not stop us from changing whatever we want. I finished the book (socialmedia influence – currency of the future) the day the movement started, and steve jobs died the day I release it on amazon. Ironically he was the original visionary who glimpsed the computer as the revolution. He gave us the technology to build the communication infrastructure we needed in order to accomplish it.

The world has been shaped by the influence of money since Nathan Rothschild shifted the paradigm in 1811, when he tricked the markets in London and forced the French to borrow money exclusively from him. This is a similar shift happening. The next king of influence is socialmedia. Since everything in the world is in fact an idea (this is mine, that is yours), currency is an exchange of ideas. Socialmedia on the other hand is a direct exchange of ideas.

When you look at everything we are seeing, there are a few things to consider. The first is that the media NOT responding to the events reveals the loyalties they hold. If they were not deeply intrenched with the financials they would be covering the news. Their coverage thus far has been attempts to downplay it. The NYTimes reported Sunday that it was a small group of 200-300 and grew “at it’s peak” to 1000. Ironically there were possibly half a million people that day and over 2000 were arrested over the weekend. What this tells me is that someone or something gave them the news they were supposed to report. It significantly misrepresents what was really happening. And if you want to know who is responsible for something, consider who it benefits the most. It’s usually pretty telling.

The other thing to consider is the policy makers lack of, or completely negative support of these actions (#ows). It took Obama over two weeks to respond publicly to it. This tells us that the entire political and financial community is in bed with the media. They are all a team.

This shift was actually helped by two things, first George Bush and 9/11 as a homeopathic astringent to activate the desire for “change”, and Obama’s failure to complete it. That coupled with the profit windfalls of the bailout suiters and the failure to hold anyone responsible for the economic turbulence, the general public is suffering mixed to form the perfect ingredients for the frustration and lack of confidence in the system that has become #occupywallstreet!

The news for this event is disturbing to the entire (existing) paradigm. The funny part is that nothing but the most sincere approach to resolve it will have any effect at all. It’s a perfect elixir. We all played a part of this. It was quite surprising to see where it has all led, while making perfect sense. I am amazed at the incredible preciseness of how the mass consciousness ebbs and flows in order to get the perfect mixture of desire and frustration to push the existing paradigm over.

(blog note): #occupywallstreet has grow in the last week from a few cities to over 400 cities, towns and communities, that have either begun their own actions to occupy their own streets. I believe that the direction of this action is headed into a discussion that will involve everyone and is a complete paradigm shift happening that will reshape the entire Global Community.

#occupywallstreet – The Revolution Will Not Be Televised!

A group of radical young men and women who call themselves #occupywallstreet have done just that. They have not only managed to occupy wall street, but they have also managed to capture the hearts and minds of an entire nation, if not the entire World!

Some people, in this country, are entirely unaware of this, ironically, due to the complete lack of news coverage by the mainstream media. A few people including The Last Word, Keith Olbermann, and the Huffington Post have, on the other hand, joined the side of the people and are reporting what is now happening in over 140 cities across the country. It has begun to spread beyond our borders, just as the subprime mortgage scandal has spread like a contagion around the globe.

The real news happening here is not the tens and hundreds of thousands of protestors being counted in the hundreds by the NYTimes, but the some-odd 3000 Tweets an hour being produced by the crowd of American Citizens who have finally reach a level of discontentedness equal to the size of that crowd, which is growing by the thousands daily.

Facebook statuses have been bombarded with pictures of police brutality and the photos of teenage female photographers being “hauled away” for participating in a Constitutionally protected right of the people; the freedom to assemble, and the right to petition the government for the redress of grievances!

These blatant disregards for the Constitution and the following debuts of YouTube video after YouTube video have only succeeded In stirring up even more people to leave the comfort of their unemployed dulldromes, to join the struggle of their community; to be represented by the current political non-sense that sold us “Change” and delivered 4 more years of Guantanamo Bay and an Iraq war nobody wants!

So, keep it up America! You deserve the right to representation, and you are correct to hold this rally at the front door of the reason things got this gray for our country! They will listen to most of us if we speak in one voice! And keep the Tweets flowing, with your links to blogs and articles that support our dialog! This will not end until our change is complete and socialmedia influence is King!

Cheers!
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#occupywallstreet – A Manifesto for Change

#occupywallstreet has become the flag of response to a global economy that has spent it’s influence trying to control everything including people, the worlds resources and its policies. It has become the inertial reaction to monetary influence that has used everything to facilitate a massive structural imbalance around the globe. It is the result of politic ideology that only reflects the needs of a few to harbor the control over the masses who labor for their simple fear of maintaining a status quo and sends a clear message to that cult that we can not be contained beyond our own willingness to participate.

Wall street is not an issue that needs to be resolved, but a lesson to any kind of central leadership or socioeconomic political structure that will always be susceptible to unilateral financial objectives. We are a diverse world that has become monotized into believing in one way, while we harbor diverse needs and value as communities.

Communities are the regions which we call home and not the striping of power from the indigenous people in some far away place to fuel our own lifestyles. We have been trained to capitalize on each other while we yearn to ourselves be free to explore our lives directly.

#occupywallstreet is the voice of frustration with everything that fails our true sense of empathy. It is a spark towards evolution and not another revolution that repeats the same trust in one opinion. One that compels us to conform to duty or a cause that binds the soul into another state of submission.

#occupywallstreet is the realization that we are all connected as people who can communicate with each other. We don’t need the media to translate our intentions or political will to determine our safety nets or boundaries. It is the first dialog of our true desire to be free to think for ourselves and we are having it with our neighbors, our friends; our community.

We can think for ourselves to solve the issues in our own community and we don’t need some corporate solution in order to endure. We are capable and determined in the face of our greatest challenges and don’t need a watered down paradigm of laws to think for us.

Let this dialog continue to grow and claim the balance of our best efforts as people who are naturally empathetic. Let us determine in our own regions what we can share with others and not be forced to give up our own choice for any one cause that eliminates our own self sustaining intentions. These are OUR communities and they belong to each person living in them.

These communities are fully capable of sharing something with other communities and should be the benefactors of their own works. We built these homes and now a few people have claimed the right to possess them to be empty the shells of our legacy while their craftsman fight to stay off the streets.

#occupywallstreet is a statement that we have more respect for the labor behind the society we built with our hands than the monetizing of our sweat and calluses. Right now the worlds banks are loaning communities the funding to strip them of their natural resources that we worked our lives to save. They are loaning us the time it takes to fill out paperwork to beg for relief while we sit on our hands waiting for a leader who recognizes our position, and we are tired of believing change will ever come.

A few of us have taken to the streets to stop doing what is asked of us to avoid default. A few of us will start the dialog that will end any form of central, political or economic solution that only seems to yield another round of the same thing in a different guise.

It will be a local dialog and it will have local repercussions. It will have a regional dialog and it will have regional repercussion. It will be a national dialog that gives support to the regions it shares and a global dialog to support the autonomy of every national choice to be itself under its own culture and in control of it’s own resources. We will always need each other to guarantee the autonomy of our choices through vigilance and support for that autonomy, and we don’t need a flag to prove it.

#occupywallstreet is a huge message that reads the banks don’t own anything if we say they don’t, that politicians have no vote if we say they don’t.

And if it turns to a fight it won’t be coming from us, because we would rather die than live like this, and you can have this world and all the fearful slaves, with their bankers and politicians and corporations and their armies. And we will have world peace in that intention to truly be free!

We no longer want your world of unethical behavior that sets us apart and destroys our natural sense of community. We are dying everyday it goes on when we don’t even have time to rest, just to pay the interest rates and fuel cost of backward technologies that are only kept in place by the weak with their armies of idiots willing to do a job for money that never buys them happiness or convenience or freedom.

Freedom isn’t free is a lie! It capitalism that spreads this cancerous rhetoric to keep the wheels of destruction rolling. It is a lie to call us free while the banks hold the world hostage, enslaved to work for system that is inhumane and unsustainable.

It is a lie to march our young men and women into oil country claiming freedom that is being financed by slaves. It is slavery we believed was necessary in order to eat genetically modified foods created and sustained by a system that promotes monetizing obesity and supports 100% lies about the health of our bodies and forces us to buy insurance against an entire lifestyle.

#occupywallstreet is the same message that Gandhi offered. We refuse to participate with your system any longer. It is beyond fixing and we have had enough! We will sit here until the dialog is complete and everyone is engaged. This is the end of monetizing our lives. We don’t need you anymore!

For more information search Twitter #occupywallstreet for up to the minute news and information about the environment we live in and become part of the choices we make together as a community.
Our future is our choice now!

The Second Law of Hyper-Inflation

It’s been a couple of years now since the original ripple of the Subprime Market Shift. I am choosing to call it a shift because ever since it occurred we have been steadily moving toward the point of no return. Simply put, the Fed response to the economy over the last 2 years has had a profound effect on the progress and seriousness of what’s happening in the World’s Economy.

The most recent event in the saga has been the slow response to raise interest rates amid a rush of market activity. On paper it looks great, “Highly residual market roars back with a flood of investor cash.” sounds good right? Well without getting into a math quiz prep, lets just look at the basics. In the last 2 years the stock market has gained back 60-65% of it’s pre-subprime shift, while unemployment has very quickly gotten worse, but slowing. Consumer spending is erratic, which means impulsive and not a trend, but rather a whim.

The main problem isn’t any one of these, and there are more I haven’t mentioned. The real problem is that prices over the last 4 years have skyrocketed in many areas of the economy, while some of these are seeing deflation. Much of this inflation has to do directly with the prices of energy. It has effected everything from shipping to food cost, which are the two biggest burdens on an economy. The US Economy was built on cheap food and cheap fuel. It has a hard time thinking outside of that box, and has been excluded as a model type for inflationary scaling. Normally it fluctuates with supplies, but supplies are limited now and the pressure of demand is not letting up, but excelling.

During the peak of the credit crunch part of the shift many people failed to notice that supplies of rice had dried up. During that time China stopped exporting rice and actually imported it for the first time in history. India, the second largest supplier of rice to the world’s markets as well stopped exporting rice. The Philippines could not get 75,000,000 tons from any one country, while a wheat rust began spreading across Africa and the Middle East. All this will put real pressure on the populational scope of possibilities. How many is too many? In any case both energy and food are real factors and can no longer be looked at as separate from core inflation. It must now be balanced.

These factors are mixing to provide an unstable rate of inflation. The argument against this might be that the economy had suffered infrastructural damage and without TARP and keeping interest low The economy could stall and loose any momentum it has gained by our interventions. Frankly I think loosing all of the exisiting banks that jumped on the derivatives bandwagon would not have been such a huge loss. Loosing GM, who is still pushing big trucks and probably helping with the anti-Toyota campaign can go into the dung heap if you ask me. It would be nice to live in a place where oil company and auto maker bedfellow’s didn’t orchestrate our environment economically.

But what to do about Ben. Obama, after having hindsight to call on, stuck with Ben. Congress approved Ben, and if you ask me; I see Ben as part of the problem at it’s crux. You can’t blame Congress for wanting more American’s to own their own homes, regardless of what Fox News might say, and you can’t blame Alen Greenspan for ignoring what shouldn’t have been such a big problem had the SEC asked for clear disclosure from the banks and investment houses on their inventory of subprime investments. In your mind you think of these derivatives as somewhat safe considering the houses were real, that the securities were representing real value. The problem was they were popular raising the value way above the physical value of the homes. So when it fell it fell hard, and that could have been resolved right away when Ben became aware of the collision about to take place… Oh wait!

That’s right! Ben didn’t do anything! He said the subprime fallout would stay in the subprime market. That was way off by the way. Then we fail to recognize the main stress which would prevent this from being an easy recovery… the price of oil and natural gas, which had been going up steadily since the invasion of Iraq. It was causing UPS and Airlines companies to add service or fuel charges to their services. It was effecting food costs, creating shortages, raising values accross the board. Heating cost one winter effect consumer spending directly, but the demand for these things are primary, while supply on the other hand wasn’t to be cured by invading Iraq. It won’t be solved by drilling in Alaska. The only thing that will solve it is greater efficiency. New technology and conservation.

Yes Ben, we have suffered a major systemic threat, but it isn’t the conditions that fail. It is the system which has so many flaws. All we managed to do was put the dying patient on life support for a little while. The conditions themselves were not met with clearly and desisively. They were resolved temporarily in order for the direction of our economic base to keep perpetuating. The problem is that it won’t last and Ben’s gonna provide us with the keys. Failing to raise interest rate in order to keep moving forward is exactly the wrong thing to do. Your might be thinking that he raised them a quarter point, but that was after the momentum in the market was accelerated to the degree is pressing with now. If he would have raised it for the second time it might have slowed down the pace, but he didn’t.

So here is my prediction from this flotsam of ramblings. Ben’s response have been steadily late. He didn’t take inventory when it started and could have done more earlier without pumping 4 trillion dollars into the banks, who should have failed due to poor risk assessment and management. He could have primed Congress to reign in the banks before the splash and had them increase their cash positions earlier. They could have forced the SEC to ask them for full disclosure and written off the debts, assembling them back into real estates, and not paper. None of these things happened. It is likely we will stay the course and what was the direction wasn’t really working all that well. It is likely to repeat itself.

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The Roar of inflation…

I remember when I was a kid someone tried to explain inflation to me and used some South American Country as an example of what can happen when it goes unchecked. Well it’s coming up on a year now that 4 trillion dollars have been pumped into the economy as part of the plan to catch the fall of the Subprime Mortgage fallout.

A few weeks ago Ben Bernanke made the decision not to raise the Prime lending rates, even though the Market had obviously started to catch the wind of the rising tide of money moving around the investment banking industry. Some of the Banks have paid of the loans they received, but there are all these tricks that can turn a million dollars into much much more by lending at a margin (more stuff I could probably understand if I took the time to concern myself about it).

The fact is that all the decisions made by the Fed take anywhere from one year to 18 months to take effect. I found this out when I read some of Greenspan’s theories on the Markets. Greenspan had taken an approach that was new to economics and made all the Fed’s moves based on their direction, while acting ahead of the curve in order to keep it stable. It turned out that this made the bubbles much bigger during his terms, which made themselves known when Bernanke took the straight and narrower road most Fed chiefs had used for years before Greenspan.

The bottom line is that all that money is now starting to show itself. The GDP grew by 5.7% with above 10% unemployment, the Stock Markets jumped back up above 10,000 a few months before that and Ben is just sitting there. He has been setting up some little known exercises of withdrawing money from the system if things start to pick up, but the rule is that once runaway inflation starts it can not be stopped. The big question for me is how long will he just sit there. Slow growth is obvioously something we could use and what we definitely don’t need is crazy inflation raging on us next…

I hope we get it right!

Ben’s not the problem, but is he the “Man to Solve It”?

Now wait one second, Mr. Ron Paul. I don’t think it’s fair to suggest that Ben Bernanke caused the recession. That would be like saying that he personally engineered the subprime mortgage security, these… as Greenspan called them, creative Financial Products. As well it would be like suggesting that he, and not Greenspan, first became aware of these derivatives and how if left unchecked, like most objects the bubbles surround, could have a greater fallout on the bigger economy. Unfair if you ask me, but a saint in this affair he is neither.

Ben, Your crime is negligence my friend. You had a chance to study the possible effect of the subprime fallout in its making. You knew by the figures that it had reached the title of bubble based on the intel you collect on the economy daily. Crunching the numbers would have told you that the value of these products were highly inflated. He also knew that the subprime lendees were starting to default at a rate exceeding what the current (at that time) secondary housing market could absorb (2 million that year alone). And you ignored the fallout.

The housing industry supports so many other industries and about 30% of the blue collar work force, how could you be so naive that you would forget about small appliances and turf farms, or the trillions of dollars worth of collapsible wealth there was hidden in two highly regulated markets; the banks and real estate.

The one thing no one wants to admit is the part that 140 a barrel oil played into that scenario. How it was the real pull that was slowing the economy. It was just bad timing that the subprime fallout occurred simultaneously. Timing was the real culprit of this decades recession, if you ask me.

But… Ben, you could have made a real difference when it started in Dec. 2006. This would have been a great time to look at the senarios the fallout could have, mixed with the fuel pressure. Greenspan warned us that natural gas would peak in the US and that without building new infrastructure to trasfer the reigns to importers, that the preasure it would put on the economy could be catastrophic beyond repair, which coupled with the war in Iraq and the inflation which follows war, it would have taken a real genius to worm us out of that without a flu shot!

Act 2, Scene 2011 – INFLATION

So, here’s the dealio folks. We know that although Greenspan was a economic muse it didn’t save him from ignoring the truth sometimes. Struggle as we do, it’s life! Ben on the other hand has not been at all the successor we were expecting. I think we were into the whole moderating side of Keyenian economics. Sure it won’t last forever, but it does tend to keep inflation and unemployment in check, for the most part. And, here’s where it gets a little tricky, and I see Ben looking ahead a little bit, but… how do you tame a super-hyper inflation.

We just poured approximatly 4 Trillion dollars into the US economy, Europe is already beginning to see an uptick in there inflation from the money they poured into there central banks. The problem is that when these banks start loaning out this money it is going to multiply, as they loan it. This mixed with inflation in every other country that followed this lead will have a global effect of manic deflation.

Seriously we should have let the fallout happen and build a health economic plan that was based on total value, including energy and global costs of repair. It’s not really a choice if we understand what we are facing.