Archive for the ‘just life’ Category

To All My Loyal Readers Thank You

Monday, January 5th, 2009

My Dear Friends,

I have been writing this blog for a little over a year.

I am not very Internet savy, so what ever promotional things people normally do to get attention on the Internet…I did none of them, at least not intentionally.

Ipso Facto(I hope I spelled it correctly)  You must find me entertaining , informative, and I’m helping in some way.

At the beginning of what is sure to be a difficult year, I just wanted to say thank you.

Thank you for being loyal.

Thank you for getting it.

If any of you have any comments or questions.. Please ask.

You are family, or at least friends.

Happy Healthy New Year.

I’ll do my best to help.

Love You All

The Relationship of Economics to History

Sunday, January 4th, 2009

Economics is a way of keeping score.

Economics is the way we are able to feed ourselves.

Economics is the engine that drives history.

The quest for quantitative gain, either in wealth or sustenance has been the propellant for most wars,  the march of  invading armies, and the annexation of  neighbors lands.

Economics is the fuel which drives society.

From the beginning of human history, people banded together first in clans, and ultimately in tribes and later nations, all with the original need to feed and protect.

To control the source of food and to allocate its distribution was an economic power that could decided life and death.

As society evolved, the symbiotic relationship  economics and history strengthened.

Today, the state of our economy has once again devolved to a more basic level. The days of indiscriminate spending on increasingly absurd possessions are fast disappearing.

Deflationary Spiral, Are the Bailouts Working?Obama and F D R

Sunday, December 28th, 2008

We have been told many times in the past 6 months, that this is the worst financial crisis since the Great Depression.

As the popular story goes,  the market crash of 1929 , was the result of a failure in our free market system. We were saved from total devistation and massive unemployment, by the gallant dramatic intervention of President Franklin D, Roosevelt , and the creative innovations of his New Deal policies,.

This fairy tale has been repeated for decades, lauding Roosevelts bold moves, and the rescue provided by his Democratic Party.

In the light of the current economic crisis,this is an Urban Legend which must be examined.

After the market crashed in October 1929, economic activity slowed down as would be expected . A crashing Dow Jones is an obvious ,in your face ,sign of economic distress.

A speculative bubble had burst, and a recession was being announced. 

In a recent article by Thomas  Sowell  he quotes unemployment statistics from a Vedder and Gallaway book, “Out of Work”. This enables us to follow unemployment statistics for the early years of the Great Depression.

The numbers are very telling. In November 1929 the unemployment rate was 5 percent. By December of that year unemployment had spiked to 9 percent.

Between December 1929 and June 1930, unemployment had dipped to 6.3 percent . A good healthy recession was  developing, but not the Depression which was to come.

What turned the Recession into a Depression?

In June 1930, Congress passed the Smoot- Hawley tariff act, in an attempt to protect American jobs, by restricting imports.

Within 5 months,the unemployment rate  had jumped to over 10 percent.

This initial tampering with the economy was followed by a series of  escalating, increasingly desperate

 stimulus packages, eventually turning into FDR’s New Deal.

Public Works projects, the TVA, and a torrent of additional spending stimuli, transferred wealth from the private sector to the public sector, with the Government becoming our largest employer.

All of this redistribution and publick works stimuli resulted in an unemployment rate above 20 percent for for more than 3 years beginning in February 1932.

Throwing money at a recession by providing publick works jobs does not work.

Classic Big Government spending, even in massive record amounts did not work in the 1930’s.

A similar attempt to control recession by stimulating  inflation during the 1970’s engendered a decade long Stagflation.

President Elect Obama’s stated intention of providing a MASSIVE stimulus package to save the economy, sounds uncomfortably similar to FDR when he came into power.

Blaming all of this new spending upon his predecesors failings, parallels previous political expediency.

Overlooking the real cause of the problem, and  choosing to ignore the lessons of history are short sighted and dangerous .

The Stock Market Crash of 1929 did not cause the suffering and unemployment of the next 7 or 8 years. Roosevelts tinkering with the economy and the massive Government intervention  was what depressed the economy.

Take money out of the private sector and redistribute it to the population through stimulus employment, takes a pie that is already shrinking and gives it out to hungry people, but now there is no more pie, and the company that baked the pie has been  taxed out of business.

Let Them Eat Cake!!!

Next: Recession, Stagflation, Depression, what great choices.

Holiday Season 2008, the end of an Era?

Thursday, December 25th, 2008

The new world is dawning.

Not a pretty sight,but a realistic look at our future.

We are just beginning to see the wheels come off our bus

.The undercurrent of sentiment is becoming a  torrent of resignation.

” Things are bad, and they are going to get much worse. “I hear these phrases uttered several  times a day.

” They aren’t going to get better any time soon.”

” Get used to difficult times. ”

“The good old days are gone.”

The Bernard Madoff rip off and scandal was the final nail in the coffin of public sentiment.

The American people are  overdosed on traumatic events and failing institutions.

Our leaders lie to us.

Out banks have failed.

We find that our respected friends are nothing more than master con men.

We are Americans!

Citizens of the greatest country on Earth!

This is not supposed to happen to us.

We have been sold out by our leaders for 30 pieces of  silver.

We are too shell shocked to get angry.

…….so far…….

A Hippie on Wall Street an Excerpt from Charlie Champion the Story

Monday, December 15th, 2008

                              This is an excerpt  from a fromnovel                                                                 The Life and Times of the Fabulous   Charlie Champion                                                         A Hippie on Wall Street        I have released only a very few excerpts from  this novel..                 It is a work in progress,However, current events regarding Bernard L Madoff(O T C ) trader. . In the days before computers, that was a very different profession.In 1966 there was no NASDAQ , no  modern computerized instant  access internet No knowledge and information technology that exists today.                In the Spring of 1966, I was a 20 year old Junior at Hobart College, and had recently reconnected with  my highschool sweetheart, Janet.                 I had met Janet’s Uncle,” Marty”, the previous Christmas, at his New Years Day house party.                 Marty was in his late thirties,  short, maybe 5 ‘ 9″, wirey and very active physically, with a highly intelligent mind ,quick wit, and an intense sharp  tongue. He had thinning black hair and wore thick glasses. He had always distantly reminded me of Woody Allen , both in stature and persona.                 He was a truly strange  man,  difficult to get close to, but very likeable  . His intensity was tempered by his wry sense of humor , and enabled him to define his personal space.                 Several years earlier, Marty had  decided to go into business ,opening  his own OTC tradeing house..Joel J Martin & Co.They were professional market makers and traders, utilizing the pink sheets, and a World Wide network of friends and competitors, via telephone, telex, and wires.                 Marty,  In order to reduce expenses while his new company was getting established, shared office space and the company back office, with a friend and fellow trading professional .Bernard Madoff.                   Bernard L Madoff  and Co had been a successful 1 man trading company since the early 60’s, and Bernie and Marty had become friends and  fellow market makers while Marty was training and working at Jersey City trading house,  M S Wein & Co.                 Since they were both one man trading firms, it was a natural fit for them to share an office, telephone systems  and back office personnel. Having another professional trader made work easier for both men.                  Through Janet, Marty asked if I would be interested in a Summer job after the end of Spring semester..                The opportunity to learn about Wall Street was exciting, and I gladly accepted.                                                                            *                           *                     *                The offices were located at 39 Broadway, on the 12th floor.                 Like a tourist I stopped in front of the building and looked up .              “ Well here goes, “ I thought with a touch of excitement.                   As  I walked down the hallway ,the echo of my shoes on the polished terrazzo floor sounded loud in my ears. This was the financial capital of the World.                  I was being introduced to ” The Street” .The energy of the place vibrated in the air.I was very excited, but had the self confidence that came with my youth and inexperience.                  As I approached the frosted glass doors, I stopped and tugged nervously at my tie.  Bernard L Madoff & Associates was printed on top, Joel J Martin & Co. was below. Underneath there was a large gold leaf arrow pointing down the hall. Cashier was in black block letters at the bottom.                  I ran my fingers through my long brown hair, patting it into place. I brushed at my slightly rumpled sport coat, then pushed at the door.                 The reception room was modest in size and content. A small glass top table served as a desk. There was a plush brown leather couch, and a matching easy chair with a low coffee table in front. On the edge were copies  of the New York Times, the Wall Street Journal, and  Barrons.                  The room was empty,. I could hear a mans voice say something muffled, and the sound of laughter echoed from an open door to my left. “ Hey Joey, how about putting on some coffee. My coffee tastes like mud.”                 I glanced at my watch. 8:45. I’m on time. “ Hello “ I called out. “I’m looking for Joel Martin”                 The voices went silent. “ Hi can I help you? “ The man walking through the door was slight in stature . He had an olive complexion  and his  black hair was combed neatly to one side. He was clean shaved, and his dark eyes seemed to sparkle as he crossed to room.                 “ You must be Charlie Champion.” He smiled and the room seemi                           

Charlie Champion, Back from Vacation and Ready to Keep you Entertained

Tuesday, December 2nd, 2008

I have just retrned from an eight day road trip to the Southeastern United States.

We covered Georgia and South Carolina in depth, and North Carolina ,Virginia, and West Virginia to a lesser degree.

To all my loyal readers , friends and family who live in that part of the country, …I’m Jealous. You live in a better ,much prettier, and very much more  affordable place than I do.

I have several fables in the works.

You can look forward to : Be Careful What you wish for,- Just ask King Midas.

                                        The Silver Tipped/Tongued Grey Wolf Who Wished to be President of the Pack.

 I am also getting ready to release additional installments of “The Life and Times of the Fabulous Charlie Champion.

I am loaded with my continually accurate and insightful view of our economy, but I’m not sure I want to put it down on paper. The reality of what I see makes me sick to my stomach.

Well I have missed you’all(Listen to me, in the South for a few days and I’ve already gotten a Southern accent) and am eager to begin a new , non political chapter in our mutual relationship.

If anyone has any requests, please let me know.

Until then…Y’all come back,

The Little Squirrel Who wanted to share the Acorns

Wednesday, November 19th, 2008

Stanley squirrel was enjoying his first summer.

He had learned to leap from tree to tree using the spring of the branch to launch himself to his next target.  The feeling of exhiliration as he flew through the air was liberating.

All the first year squirrels liked to play together, chasing butterflies, splashing through the shallow creek and sunning themselves in the warm summer sunshine.

The older squirrels cautioned the newlings, “ play is fine, but as squirrels, we all must spend our time gathering acorns and other nuts for the cold winter when food becomes scarce.  If we don’t work together, we will all go hungry.”

Stanley, being somewhat stubborn and simple-minded , rebelled against the elders.

” I live to play,” He said.  ” I don’t know what winter cold is, but I’m sure it can wait a few more days.  After all, we are young and healthy and food is very plentiful…Why worry?”

Stanley and his siblings resumed their play, pretending to not hear his mothers screech of anger.

Summer passed quickly and the early fall brought cooler nights, but the days were  warm and the sun shone with a  brilliant clarity. Stanley continued to ignore the admonishment of the adults, playing and sleeping instead of gathering nuts for the winter.

One by one, all of his playmates left to join the rest of the squirrels in preparation for the coming season.

Finally it was only Stanley, and his special friend, bushy tailed, Stephanie.

” Look at all those fraidysquirrel’s, running to gather nuts” said Stanley.” We squirrels take care of each other. If we need food, the others will share their wealth,meanwhile we can play.”

Stephanie flicked her tail in his face and sprang away, with Stanley in hot pursuit.

Time passed, and late Fall turned into early Winter.

 The first snowfall of the season hit the forest. Everything was covered with a thin white blanket, and the crystals shone brightly in the morning sun.

Stanley and Stephanie sat on a bare branch of their favorite Oak tree. ” The others are still looking for food” said Stephanie, her black eyes wide with alarm.

“Don’t worry”, said Stanley,” we will look for food tomorrow.In the mean time,  the others will share their wealth with us  if we need it. ”

“Tag you’re it!” he shouted,  and sprang from the branch, sending a shower of snow to the ground below.

A few days later, Winter set in with a vengeance. The snow fell for 2 days, and the winds blew huge drifts against the trunks of the trees.

” I’m hungry ,” whined Stephanie.” All the nuts and berries are gone. What will we eat.”

 Stanley looked around.” Yes I’m hungry too. Lets go ask the others to share their wealth.”

They scampered off and went to see the Top Squirrel and the other elders.

” Can we please have something to eat.” They asked in unison.” We are hungry, and there is no food to be found in the forest.”

The Top Squirrel looked at them sadly, and shook his head.” We have been working all summer and all fall to gather enough food to keep us alive during the long cold winter.”

 He stamped his front paw.” Thats what squirels do. We work as a community to provide the food to keep us alive. Everyone must contribute or we all die.”

Stanley hung his head.” We didn’t know..” His dark eyes opened wide.” I always thought we were part of a community of squirrels.

All for one and one for all.

From each according to his means to each according to his needs.

Share and share alike

We should be be taken care of by the Community of Squirrels.”

The Top Squirrel shook his head. His eyes blazed with anger.” By ignoring  our warnings, and playing instead of working, you have jeopardised our community.

Everyone must work together for all to survive.

I’m sorry. You and Stephanie must find your own food.

We have only enough to feed those who helped gather the food. If we feed you we all starve. ”

THE MORAL of the STORY: Redistribution of wealth only works if there is some incentive to contribute to the common good.

The Straw That Broke the Camel’s Back, An Economy in Distress

Monday, November 17th, 2008

There is an old Middle Eastern tale about a poor farmer.

He lived in a  mud and straw hut , with his wife and three teenage daughters.

He owned 3 old camels .

Twice a year, at the Spring and Fall solstice,  he would pack the camels with large bags of straw and wheat.

He would kiss his wife , hug his three daughters, and then he would set off  for the 10 hour trek to the market at Dandalia.

This was a very important trip for the poor farmer, who would hope to sell his produce and earn enough money to keep his family alive for the next 6 months.

Once there, he would join with farmers from all over the Province.

The market would last for two full days,.The crowds were boisterous and the din was deafening, and by the end of the second day, the farmer would count up his meager earnings, repack the now  empty hemp  sacks, and  tie his three camels into a caravan.

The return trip home was always much quicker, because he and Gabor, his young helper could ride the tired old camels.

One morning the farmer awoke and  found his two neighbors waiting for him in the front yard.

They offerd the farmer  bags of straw as additional produce  to bring to market.He could keep 50% of the profits for his trouble. 

The farmer was excited. With the extra money he could keep his family secure and comfortable.

The day before Spring Solstice was  cool, with a brisk gusty wind.

The farmer brought out the three old camels, and proceeded to load his bags of straw, 

He looked at the camels. They were  pretty well loaded, but he was determined to pick up the additional freight from his neighbors.

He arrived at Abmar’s yard and found 8 additional bags waiting for him. 

The camels were  loaded with much argument and posturing.

The farmer and the heavily burdened camels walked to  Fardeneen’s yard

There he found Fardeen and five additional bags of straw.

Loading the camels required a ladder, a makeshift pulley assembly and also a great deal of  discussion.

Each camel in turn staggered as the additional burdem was placed on its back. Their knees trembled, and they shifted unsteadily.

“Well,” said the farmer,” I guess I’ll be on my way.” He shook his head,” I don’t think these camels could carry another ounce of freight.”

Just then, Fardeen’s 12 year old daughter, came running out of the house. She was holding a large straw doll wrapped in a scrap of pale grey cloth. It was 2 feet tall, and had been made by weaving stalks of straw together, then dyed and clothed.

“Daddy, Daddy” she gasped, her arms wrapped around the doll’s body to hold it steady. ” You promised I could sell Esmerelda at the Solstice Market. I need the money to buy cloth for my new clothes.Mother says I am turning into a little woman, and need larger more appropriate dresses.”

He turned to the farmer,” Well ? Will you take  the doll and sell it for my Mindlee?”

The farmer looked at the three ,seemingly unsteady , overburdned camels.” I’m afraid to add any further burder to these camels. They are important to feed my family. I don’t think they can carry another thing.”

Fardeen looked at the farmer. “Come on Hamoken, share the wealth. Give my little girl a chance to get some pretty cloth for dresses. We can’t afford the cloth unless she sells the doll.”

He shook his head. ” I don’t want to disappoint  you but these camels are carrying the burden for our entire community. Let someone else share his wealth. They can’t carry any additional burden.They’ll break down.”

The farmer looked up, and spied the local tax collector approaching from the East.

Tax collector Sninndl looked at farmer Hamoken and smiled. ” I am here on the Governors business. As I’m sure you know, the irrigation project failed due to sabotage from our enemies. We are now  faced with many new poor and starving residents.

It is the Governor’s decree, that a 25% tax will be placed on all new business above last years totals. 

 New business is to buy you a  luxury .That new wealth should be shared with those citizens who have the need.”

The farmer looked distressed.” After the extra cost for a slower trip and paying for the extra market space necessary, it will not be worth anything to carry all this extra weight.”

The tax collector sneered.” The Governor has already been told of this extra tax on your load in our report to his scribes. You will have to carry the load to earn the money to pay the tax, even if it does not pay you very much.”

The farmer’s shoulders sagged. He knew he was stuck. He was being forced to do all this extra work .

He turned to Mindlee and gave her a half smile.” Come on, give me your straw man, if we can carry all these taxes for government giveaways, we can carry a little more straw. After all, straw is so lite.”

He took the straw doll, and placed it carefully on  top of the lead camel’s pile of straw filled bags.

The camel turned its head toward the farmer, and gave him a long sad look.

They heard a crack, the camels back broke, and it keeled over…dead.

The moral of the story.Too much taxation is a backbreaker

TOO MUCH TAXATION IS A BACKBREAKER

The Nasty Side of the Recession

Thursday, November 13th, 2008

The Country, indeed the World is falling deeper and deeper into what sure looks like a Depression to me.

Depression is an economic term as well as a psychological one.

The classic definition of an economic  Depression has probably not been achieved yet, but the incoming effects are obvious to anyone who deals with business and work. Things have slowed down, and are getting slower.

The Psychological effects , at this time, are less obvious but more ominous.

People are becoming short tempered and more irritable.

Nice and sweet are in short supply,  and everyone appears to be  ready to argue about anything.

Our population, especially under age 40-45 is not ready for difficult times.

We have lived through several decades of mild recessions, and quick easy fixes.

Even the dot com, followed by 9/11, was a relatively easy fix compared to the current  morass.

Nice is the operative  hope.

Nasty is the sad reality.

People are worried and stressed, and looking for something…anything to strike back at.

What a sad state of affairs!! 

The polls are driving me crazy, how about you

Thursday, October 30th, 2008

The acrimonious Presidential election is getting down to the stretch run, and I know I speak for many, many citizens, “Enough is enough already.”

We have been baked,fried and hard boiled. I am beginning to  get desensitized to the whole process.

Last chance, give me one more dollar.

Don’t let the opposition get ahead.

Believe the polls.

Don’t believe the polls.

Good grief. They are even posting hourly tracking polls which show Obama up .2%, McCain up.1%, Down .2%,Obama has slipped from 50.1% to 49.9% since this morning.

How the heck do they know that.

Who makes up this stuff?

Enough already.

Lets end in a dead heat, so we can start all over again.

That would be fun.

Like swimming in a pool of hungry sharks!!!