In light of the sanction the United States imposed on Iran and Russia, Europe is building out its own payment system independent of SWIFT. SWIFT is America's payment and Europe was dependent on it for decades. These payment systems are in space. Japan and Russia have their own payment systems and they have been letting other countries us it. Europe is going to use their payment system to import oil and export to Iran and Russia. In the near future there will be more multilateral deals between countries with advanced space programs such as Spain and Italy to use a payment system independent of the U.S's SWIFT system.
AI is being used for high frequency trading, modeling geopolitical and sociology situations. This models the AI develop are being used in policy formation. AI could be used in wars. I suspect that a great deal of the next war will take place in space. Also, AI could be used in this war as to avoid human causalities. The weaponization of space means that instead of the greatest sea power having the reserve currency, the dominant space power will have the reserve currency. Historically, the country that is a sea power is the reserve currency. For example, Spain, Portugal, The Netherlands, The British, and eventually America had the reserve currency.
Friday, November 23, 2018
Why The Business Cycle Happens
As an economics major I would like to comment on something that has been troubling my discipline. When there is a bubble in the financial market and the economy is doing well even the most successful business people and smartest economist will say that it is different this time. They think would think that we are in a state of permanent prosperity. Yet time and time again they are proven dead wrong as the stock market crashes then the economy as we saw in the 2008 recession. Its a cycle between euphoria, depression then euphoria again. No one learns a thing. Even our president at the time said we there was no chance of crash during the housing bubble of the early 2000s.
This cycle between steady growth, prosperity, recession, and recovery is known as the business cycle. The business cycle generally happens because while the economy is growing prices go up at at a faster pace or inflation is rising. Simultaneously, the wages of the middle class and low wage workers do not keep up with the increases in prices as a result they spend less. This leads to a slow down in the economy. Although, the Federal Reserve would typically raise the interest rate to tighten the supply of money in order to reign in inflation. This does not stop the problem and it leads to the interest rate of rate adjustable rate mortgages rising. It increases foreclosures as some families cannot afford it anymore while others simply spend less.
A recovery happens because the economy hits rock bottom, business start hiring again, and people start spending more. At this point the Federal Reserve may have stepped in by lowering interest rates by printing money to buy treasury bonds or by lowering the discount rate. The discount rate is the minimum interest rate set by the Federal Reserve for lending to other banks. The Federal Reserve is an institution that was created in 1913 to print money with the dual mandate of controlling inflation by printing money and/or lowering interest rates to raise it or raising interest rates to lower it. The federal reserve is owned by the large banks in this country. The bill to authorize the creation of the Federal Reserve was pushed through right before Christmas. If the Federal Reserve lowers the interest rate this causes a bubble in the stock market as bonds are less attractive. This causes a dilemma in policy decision making. Bonds have a return that is based on the interest rate. When an investor buys a bond they receive interest up until the bond matures then they receive the face value or the amount the investor paid for the bond.
There is a misconception that the Federal Reserve is supposed to help the economy. While the purpose of a stable currency and interest rate is to facilitate sound economic activity. These factors do not directly affect economic growth intrinsically as productive activity in the real economy does. This means that the Federal Reserve lowering interest rates does not lower the obligation of the government to act in the case of a recession. I am not a socialist or a liberal. I am a libertarian. If there is a recession the government could improve the economy by investing in infrastructure.
Prosperity is when there is record consumer spending and business investment. This happens when inflation is high and interest rates are typically high. People spend their money rather than save it when this happens.
Currently, people in the workforce view their income as being relatively permanent until they retire. People need to save during years in which they have plenty and know that there will be another recession in which they could get laid off. This would be like Joseph interpreting the Pharaoh of Egypt dream in the Christian Bible. The dream was that seven cows, fat and sleek came out of the Nile river and began to feed on the grass then seven thin and bony cows came out of the river. They came and stood by the other cows on the riverbank, and the thin cows eat up the fat cows. The king woke up. He fell asleep again and had another dream. Seven heads of grain, full and ripe, were growing on one stalk. Then seven other heads of grain sprouted, thin and scorched by desert wind, and the thin heads of grain eat up the full ones. The king woke up and realized that he had been dreaming. In the morning, he was worried, so he sent for all the wise men and magicians of Egypt. He told them his dreams, but no one could explain them to him. The wine steward told him that Joseph could interpret dreams, and Joseph was in prison at the time. The king sent for Joseph, and he told Joseph his dream. Joseph told him that both dreams mean the same thing, and God told him what he is going to do. The seven fat cows represent seven years of plenty and the thin cows represent seven years of famine. He recommended that the Pharaoh chose someone with wisdom and insight and put him in charge of the country. Also, he said to appoint other officials and take a fifth of the crops during the seven years of plenty. The food would be stored under guard in the cities, so that Egypt does not starve during the famine. The king made Joseph governor of Egypt. To summarize, Joseph successfully carried out his plan and Egypt did not starve during the famine.
This passage illustrates the importance of planning and saving for times of little. Also, it shows that wisdom and insight can go a long ways.
This cycle between steady growth, prosperity, recession, and recovery is known as the business cycle. The business cycle generally happens because while the economy is growing prices go up at at a faster pace or inflation is rising. Simultaneously, the wages of the middle class and low wage workers do not keep up with the increases in prices as a result they spend less. This leads to a slow down in the economy. Although, the Federal Reserve would typically raise the interest rate to tighten the supply of money in order to reign in inflation. This does not stop the problem and it leads to the interest rate of rate adjustable rate mortgages rising. It increases foreclosures as some families cannot afford it anymore while others simply spend less.
A recovery happens because the economy hits rock bottom, business start hiring again, and people start spending more. At this point the Federal Reserve may have stepped in by lowering interest rates by printing money to buy treasury bonds or by lowering the discount rate. The discount rate is the minimum interest rate set by the Federal Reserve for lending to other banks. The Federal Reserve is an institution that was created in 1913 to print money with the dual mandate of controlling inflation by printing money and/or lowering interest rates to raise it or raising interest rates to lower it. The federal reserve is owned by the large banks in this country. The bill to authorize the creation of the Federal Reserve was pushed through right before Christmas. If the Federal Reserve lowers the interest rate this causes a bubble in the stock market as bonds are less attractive. This causes a dilemma in policy decision making. Bonds have a return that is based on the interest rate. When an investor buys a bond they receive interest up until the bond matures then they receive the face value or the amount the investor paid for the bond.
There is a misconception that the Federal Reserve is supposed to help the economy. While the purpose of a stable currency and interest rate is to facilitate sound economic activity. These factors do not directly affect economic growth intrinsically as productive activity in the real economy does. This means that the Federal Reserve lowering interest rates does not lower the obligation of the government to act in the case of a recession. I am not a socialist or a liberal. I am a libertarian. If there is a recession the government could improve the economy by investing in infrastructure.
Prosperity is when there is record consumer spending and business investment. This happens when inflation is high and interest rates are typically high. People spend their money rather than save it when this happens.
Currently, people in the workforce view their income as being relatively permanent until they retire. People need to save during years in which they have plenty and know that there will be another recession in which they could get laid off. This would be like Joseph interpreting the Pharaoh of Egypt dream in the Christian Bible. The dream was that seven cows, fat and sleek came out of the Nile river and began to feed on the grass then seven thin and bony cows came out of the river. They came and stood by the other cows on the riverbank, and the thin cows eat up the fat cows. The king woke up. He fell asleep again and had another dream. Seven heads of grain, full and ripe, were growing on one stalk. Then seven other heads of grain sprouted, thin and scorched by desert wind, and the thin heads of grain eat up the full ones. The king woke up and realized that he had been dreaming. In the morning, he was worried, so he sent for all the wise men and magicians of Egypt. He told them his dreams, but no one could explain them to him. The wine steward told him that Joseph could interpret dreams, and Joseph was in prison at the time. The king sent for Joseph, and he told Joseph his dream. Joseph told him that both dreams mean the same thing, and God told him what he is going to do. The seven fat cows represent seven years of plenty and the thin cows represent seven years of famine. He recommended that the Pharaoh chose someone with wisdom and insight and put him in charge of the country. Also, he said to appoint other officials and take a fifth of the crops during the seven years of plenty. The food would be stored under guard in the cities, so that Egypt does not starve during the famine. The king made Joseph governor of Egypt. To summarize, Joseph successfully carried out his plan and Egypt did not starve during the famine.
This passage illustrates the importance of planning and saving for times of little. Also, it shows that wisdom and insight can go a long ways.
Culture
I've been thinking about something we can all relate to, culture. Culture is an essential part of our lives as it is the customs, arts, social institutions, and achievements of a particular nation, people, or other social group. Also, culture is the arts and other manifestations of human intellectual achievement regarded collectively. Traditional western culture is under attack and most people are keeping quiet about it. Common courtesy is being lost and care for others has been lost. Loneliness and depression is becoming the norm amongst our youth. Femininity and masculinity is under attack. We have to own the culture in our daily lives as Dr. Farrell reiterates. This means listening to classical music such as Bach, reading old literature such as Mark Twain, reading philosophy such as Jean Jacques Roseau, waving to neighbors, being courteous to others, and practicing the arts and humanities. When the culture breaks down people communicate in the simplest form and everyone is communicating in sound bites.
Typically when the culture breaks down its because the economy is collapsing and the middle class is disappearing. Which seems to be the trend right now. In order to restore traditional western culture we must revive the middle class. How to do this is a topic for another blog.
According to Dr. Farrell, there has not been a great book written in the twenty-first century yet. My mother told me that such a book would have to utilize an ancient style of writing that incorporates symbolism, metaphors, allusions, and events happening on multiple levels. Our musics needs to incorporate these elements. I intend to write the first great book of the twenty-first century. Currently, I am working on a science fiction book that involves alchemy, Jedi from star wars, and Earth. I also write poetry about romance and nature.
In his book Microcosm and Medium Dr. Farrell discusses how mind control is done through the arts. For example, he fiercely criticized cubism because it does not communicate a cosmology. Art, music, and humanities is meant to communicate a cosmology. The symbolism within these medium can communicate such things that most people are not aware of.
Lately, people do not like to deal with nuances. This is evident in the way people have been interpreting the bible. Many people take the bible literally and refer to them as the word of God. Dr. Farrell empathizes that the bible is not to be taken literally as most ancient writing utilized metaphors and symbolism. Also, he does not believe the bible is the word of God as it was written by people that may have had a close relationship with God, but we don't know if they actually received the word of God. This is a topic for another blog. My mom has spent years doing research into theology and she wrote a book on problems with Mormonism. She also does not take the bible literally.
Gnosticism is a technique in which people change the meaning of words. This happened when Christianity was formed in the Roman Empire in the 2nd Century AD. Its happening right now. Before the term gay was used to refer to a homosexual it was used to refer to someone that is happy. Secular Gnosticism is being used on the homosexual, transgender, and racism topics. It could be as subtle as changing what topics the words are commonly used for without changing the meaning. For example, the phrase, "Coming out of the closet" is commonly used to refer to someone revealing that they are gay or transgender. This changes how the word "closet" is commonly associated. Changing how words are used is playing with cultural fire.
Typically when the culture breaks down its because the economy is collapsing and the middle class is disappearing. Which seems to be the trend right now. In order to restore traditional western culture we must revive the middle class. How to do this is a topic for another blog.
According to Dr. Farrell, there has not been a great book written in the twenty-first century yet. My mother told me that such a book would have to utilize an ancient style of writing that incorporates symbolism, metaphors, allusions, and events happening on multiple levels. Our musics needs to incorporate these elements. I intend to write the first great book of the twenty-first century. Currently, I am working on a science fiction book that involves alchemy, Jedi from star wars, and Earth. I also write poetry about romance and nature.
In his book Microcosm and Medium Dr. Farrell discusses how mind control is done through the arts. For example, he fiercely criticized cubism because it does not communicate a cosmology. Art, music, and humanities is meant to communicate a cosmology. The symbolism within these medium can communicate such things that most people are not aware of.
Lately, people do not like to deal with nuances. This is evident in the way people have been interpreting the bible. Many people take the bible literally and refer to them as the word of God. Dr. Farrell empathizes that the bible is not to be taken literally as most ancient writing utilized metaphors and symbolism. Also, he does not believe the bible is the word of God as it was written by people that may have had a close relationship with God, but we don't know if they actually received the word of God. This is a topic for another blog. My mom has spent years doing research into theology and she wrote a book on problems with Mormonism. She also does not take the bible literally.
Gnosticism is a technique in which people change the meaning of words. This happened when Christianity was formed in the Roman Empire in the 2nd Century AD. Its happening right now. Before the term gay was used to refer to a homosexual it was used to refer to someone that is happy. Secular Gnosticism is being used on the homosexual, transgender, and racism topics. It could be as subtle as changing what topics the words are commonly used for without changing the meaning. For example, the phrase, "Coming out of the closet" is commonly used to refer to someone revealing that they are gay or transgender. This changes how the word "closet" is commonly associated. Changing how words are used is playing with cultural fire.
Introducing Myself
I've posted a couple of blogs and recently I started blogging again after a long break. Before I post anymore blogs I'd like to share more information about myself. I am a 20 year old university student training to be an economist. In high school I played football, wrestled, and ran track. My profile picture is of me at Senior prom with my date. My Senior year of high school I qualified for Nationals in DECA for an event that required a case study and interview situation. A role play was involved in the event and Nationals was in Nashville, Tennessee that year. I spent several days there. During my time there I went on a cruise on a river. Also, I attended a minor league baseball game and walked around the campus of Vanderbilt University. DECA prepares emerging leaders and entrepreneurs in marketing, finance, hospitality and management in high schools and colleges around the globe.I earned a years worth of college credit my junior and senior year of high school mostly in business courses.
In college I made many new friends. I have spent time learning how to use a Bloomberg terminal. I currently live in a house with several roommates. I have good relations with the business faculty. I am involved in the American Marketing Association. This year I'm in the Community Bank Case Competition. I double as both a finance person and an economist in training. In my free time I workout, hang out with friends, listen to music, write, and play Xbox games such as Call of Duty Black ops or NCAA football. Also, I play PC games such as Civilization 3 or Ages of Empires 2. To follow the news I read the Wall Street Journal, RT, and BBC News. I watch college and NFL football as well as MMA fighting.
About 17 months ago I started following Dr. Joseph p. Farrell, Catherine Austin Fittz, The Dark Journalist, and The Solari Report. Joseph p. Farrell earned his doctorate in patristics which is the branch of Christian theology that deals with the lives, writings, and doctrines of the early Christian theologians. He believes strongly in preserving traditional western culture in our daily lives. He has written 37 books on topics ranging from alchemy to UFOs. He mostly focuses on the cultural aspects of these issues. He has a website called The Giza Death Star where he posts blogs. He also posts members content on there such as webinars, dialogues, and podcasts. Also, he has member vidchats on the website where people email him questions ahead of time then he answers them during the chat. In a vidchat there is a prechat and a much shorter post chat where there is a chat window members can make comments in. We usually have good conversations. Every week he does a YouTube video called, "News and Views From The Neferium" on the YouTube channel called "The Giza Death Star". In these videos he reads an article usually on geopolitics then he gives his high octane speculation on it.
Catherine Austin Fitz was the assistant secretary of Housing and Urban Development during the George W.H Bush administration. She tried to balance the books, but she could not do it. She blew the whistle and she was ignored. After that she start a publication could The Solari Report which is intended to inform investors on how the news of UFOs and off the books space programs affect their investments. She does quarterly wrap ups with Dr. Farrell, and they talk for several hours about geopolitics and culture. These wrap ups are also posted in the members area on The Giza Death Star website. Her philosophy is to invest time and money locally. That means banking with a local credit union and using small business when possible. This would be known as a placed based system of finance and industry in production of the goods we use is based locally. Also, our financing would be sourced locally. When we borrow money from people in other places those people tend to get control over us, but if we borrow locally from someone we know and trust they will surely have good intentions. She also believes in taking personal and living a healthy lifestyle.
The Dark Journalist interviews people such as Catherine Austin Fitz and Joseph p. Farrell. He live streams these interviews on his YouTube channel called "The Dark Journalist". He has had his YouTube channel for several years now.
I will dedicate my life to implementing and spreading Dr. Joseph p. Farrell's and Catherine Austin Fitz's ideas. In 2018 I will start an ad hoc publication called "The Inquiring Humanist" that will accomplish just that. For a world with their ideas implemented is like heaven, and we'll all be rich and free. The publication will discuss traditional western culture, geopolitics, and alternative research. Together, Dr. Farrell, The Dark Journalist, and Catherine Austin Fitz make up the alternative research community. Dr. Farrell is the field marshal of the community. Jim Mars was a field marshal in the alternative research community before he died a couple of years ago. He wrote several books about NAZI and governmental control. I have been reading one of his books. I intend to engage in alternative research and write books.
In college I made many new friends. I have spent time learning how to use a Bloomberg terminal. I currently live in a house with several roommates. I have good relations with the business faculty. I am involved in the American Marketing Association. This year I'm in the Community Bank Case Competition. I double as both a finance person and an economist in training. In my free time I workout, hang out with friends, listen to music, write, and play Xbox games such as Call of Duty Black ops or NCAA football. Also, I play PC games such as Civilization 3 or Ages of Empires 2. To follow the news I read the Wall Street Journal, RT, and BBC News. I watch college and NFL football as well as MMA fighting.
About 17 months ago I started following Dr. Joseph p. Farrell, Catherine Austin Fittz, The Dark Journalist, and The Solari Report. Joseph p. Farrell earned his doctorate in patristics which is the branch of Christian theology that deals with the lives, writings, and doctrines of the early Christian theologians. He believes strongly in preserving traditional western culture in our daily lives. He has written 37 books on topics ranging from alchemy to UFOs. He mostly focuses on the cultural aspects of these issues. He has a website called The Giza Death Star where he posts blogs. He also posts members content on there such as webinars, dialogues, and podcasts. Also, he has member vidchats on the website where people email him questions ahead of time then he answers them during the chat. In a vidchat there is a prechat and a much shorter post chat where there is a chat window members can make comments in. We usually have good conversations. Every week he does a YouTube video called, "News and Views From The Neferium" on the YouTube channel called "The Giza Death Star". In these videos he reads an article usually on geopolitics then he gives his high octane speculation on it.
Catherine Austin Fitz was the assistant secretary of Housing and Urban Development during the George W.H Bush administration. She tried to balance the books, but she could not do it. She blew the whistle and she was ignored. After that she start a publication could The Solari Report which is intended to inform investors on how the news of UFOs and off the books space programs affect their investments. She does quarterly wrap ups with Dr. Farrell, and they talk for several hours about geopolitics and culture. These wrap ups are also posted in the members area on The Giza Death Star website. Her philosophy is to invest time and money locally. That means banking with a local credit union and using small business when possible. This would be known as a placed based system of finance and industry in production of the goods we use is based locally. Also, our financing would be sourced locally. When we borrow money from people in other places those people tend to get control over us, but if we borrow locally from someone we know and trust they will surely have good intentions. She also believes in taking personal and living a healthy lifestyle.
The Dark Journalist interviews people such as Catherine Austin Fitz and Joseph p. Farrell. He live streams these interviews on his YouTube channel called "The Dark Journalist". He has had his YouTube channel for several years now.
I will dedicate my life to implementing and spreading Dr. Joseph p. Farrell's and Catherine Austin Fitz's ideas. In 2018 I will start an ad hoc publication called "The Inquiring Humanist" that will accomplish just that. For a world with their ideas implemented is like heaven, and we'll all be rich and free. The publication will discuss traditional western culture, geopolitics, and alternative research. Together, Dr. Farrell, The Dark Journalist, and Catherine Austin Fitz make up the alternative research community. Dr. Farrell is the field marshal of the community. Jim Mars was a field marshal in the alternative research community before he died a couple of years ago. He wrote several books about NAZI and governmental control. I have been reading one of his books. I intend to engage in alternative research and write books.
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