The Vantage Point

Thursday, November 29, 2012

A Message for Monetary and Fiscal Policy-Makers

Main Street USA remains mired in economic depression as evidenced by: a) the long-term decline in real working wages; b) the long-term decline in real home values; and c) the long-term decline in the employment to population ratio. These indicators need to become the urgent focus of both monetary and fiscal policy in the US, or Federalism will risk decay or decline in detail. I urge everyone who knows someone who works in monetary or fiscal policy formation to forward this message to them in an effort to avert the end of Federalism as we know her. The US is running out of time...

Conjuring Money

The notion of money (fiat currency) is the most insidious conceptualization ever conjured by humans.

Well Said...

"Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid."

~ Albert Einstein

Dr Albert Einstein (1879-1955)

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Tuesday, November 27, 2012

Well Said...

"If you're not [represented] at the table, you're on the menu."

~ Unknown

Well Said...

"Destiny is no matter of chance. It is a matter of choice: It is not a thing to be waited for, it is a thing to be achieved."

~ William Jennings Bryan

Hon William Jennings Bryan (1860-1925)

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Monday, November 26, 2012

Hans Rosling: The Joy of Stats

US Defense Spending Devours America

According to the CATO Institute (2012), US real defense spending has roughly doubled since 2000.

Note that the US defense spending graphed in the chart above is in constant 2011 (inflation adjusted) dollars. No wonder the US is broke...

Source: Boaz, D (2012, January 11), Misleading Images on Defense Spending, CATO@Liberty.

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Fabric of the Cosmos: Quantum Leap

Follow the link below for more episodes from the series, Fabric of the Cosmos.

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Fabric of the Cosmos: Illusion of Time

Follow the link below for more episodes from the series, Fabric of the Cosmos.

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Fabric of the Cosmos: What is Space?

Follow the link below for more episodes from the series, Fabric of the Cosmos.

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Well Said...

"One lucky shot deserves another."

~ Shaquille O'Neal

Dr Shaquille Rashaun O'Neal (1972- )

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Saturday, November 24, 2012

Lifeline for Main Street USA

Main Street USA continues to endure the effects of economic austerity caused by a scarcity of money (as evidenced by declining real wages, declining real home values, and a declining employment to population ratio). However, both fiscal and monetary policy makers are finally taking notice as the Fed pursues QE3 in an effort to reverse Main Street's real estate catastrophe, and the GOP seeks to retrench as a result of their disconcerting election losses.

Allen Street in State College, PA

Although late, the battle to win back Main Street political support is now in full swing as both big government Democrats and military-industrial Republicans create new strategies to address the Main Street depression still raging across the US. I expect the US will go over the fiscal cliff with tacit support from both Democrats and Republicans. The fiscal cliff losers will be the military-industrial complex, medical establishment, and government workers, who will now be required to make sacrifices for the first time since the economic crisis began in 2008.

Wise investors will seek to get involved in real estate development in order to exploit new capital being introduced by the Fed via purchases of mortgage-backed securities. I expect originations of new mortgage-backed securities to accelerate over the coming year, and to continue for at least the next 2-3 years. Main Street USA is finally being thrown a lifeline...

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Well Said...

"The loneliest people are the kindest. The saddest people smile the brightest. The most damaged people are the wisest. All because they do not wish to see anyone else suffer the way they do."

~ Anonymous