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Showing posts from May, 2020

What do you know about the Federal Reserve Board?

It is the monetary foundation and protector of our economic system. And the dollar upon which the Fed functions is the strongest vehicle for value transaction in the world. We are the only country in the world that has the advantage of the Fed. It is economic driven and guided by its authority. It’s charter is to protect the dollar and be the first line of resistance against inflation. Without the actions of the Fed our Great Recession would have been a lot worse. Now it is guiding us through these extraordinary times . It will support the Federal government as it provides support to those sections of our society that need immediate help. Don’t be persuaded by the critics. Learn the history of the Fed and how it has serviced our economy-and root for it’s participation in our crisis.

The virus is exposing the roaches.

This virus situation has shed a light on a lot of roaches. The failure to be prepared for an event like this, the complete breakdown of local/state/federal coordination, and the unveiling of the profit oriented health care system failures in this country. Please, it’s not the front line responders and essential workers; it’s the policy makers, the bungling bureaucracy, the media manipulators, the selfish, greedy capitalists, the politicians who can’t act like anything other than a “politician” in times of crises.   If there was ever a time for us to understand how we function as a society in the future, how we interact, how we choose to govern ourselves, how we cast aside our preconceived notions and prejudices about our rights to “life, liberty and the pursuit of happiness”. Unfortunately, that phrase and the others that proclaim so called patriotism are merely covers for racism and the fear that projected demographics are pointing to a new majority in the country. These times cal...

The 20 Trillion Dollar Fix

So - we have a problem. A problem that we haven’t faced before. Realistically, we will be dealing with the pandemic for years. History tells us these things stay with humanity many years. Millions can die and until this virus is eradicated on earth it will be with us. The toll this event will take on all the aspects of our life will set us back significantly.     Now, with new technology and advanced scientific research this pessimistic outlook could be greatly reduced.  But it’s going to need some help  and extraordinary resources.                   And that’s where the 20 Trillion Dollars Fix comes in; because we’ll need to respond in a much bolder way.           The Federal government is the only entity that can pull the needed money out of the hat.  To do what?    Well here we go.       For starters we commit to pay unemployment payments liberally, we support “real...