Daily Archives: February 19, 2015

THE TRUTH ABOUT SAVINGS ACCOUNTS+

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Ever wonder why the interest on your savings account is so low compared to historical levels? The answer is that the banks are getting cheap money from the government at .75% primary rates and 1.25% secondary interest rates and your money frankly is almost worthless to the banks. By making mortgage loans at about 4% they are making easy money at your expense.

With credit card loans between 13 and 16% they are making a killing and putting you in debt for the rest of your life unless you declare bankruptcy and free yourself of debt slavery.

We have profligate spenders and a profligate government continuing to pump counterfeit money into the economy. Budgeting your money and saving for a rainy day or retirement is being discouraged with almost no returns on savings accounts and inflation constantly rising and stealing what little money you have tried to save.

I see no glorious optimistic hopes for the future of the world economy because we no longer have realistic checks and balances on the use of money in a sane way. How long the money charade can continue before the money bubble bursts is open to question but a day of reckoning is closer than you think.

Forgive almost all debt and start over with a sane worldwide monetary system which has no inflation and the value of money does not depreciate with time. Most important of all money rules which promote responsible money management by individuals as well as governments, banks, and major financial institutions. A radical solution but it may be necessary in the not too distant future.

If you liked this evergreen truth blog then read more of them, about 1300 so far, or read one or more of my evergreen truth books, especially COMMON SENSE, rays of truth in a human world filled with myths and deceptions.

For a complete readily accessible list of blogs and titles go to twitter.com/uldissprogis.

Enjoy!!!!!!

If you enjoyed this blog then here is a list of my most popular ones which you may also enjoy!!!

https://uldissprogis.com/zlist-of-my-most-popular-blogs/

THE TRUTH ABOUT PRODUCTIVITY+

Productivity-efficiency

Productivity: n. the rate at which ingus is produced which is a measure of the efficiency of production

Ingus: n. information and/or goods and/or services

Productivity is how many or how much information and/or goods and/or services is made per unit time. I have produced mostly information and my productivity is about 2 blogs a day or about 600 blogs per year.

One thing which productivity does not answer is the quality of what is being produced. For example, I have produced some high quality blogs which humans liked much and there have been others which were either to specialized or uninteresting to even attract one like. Whether something is popular is not always an indication of quality but in this world mass consumption of something is what makes the most money realistically speaking.

You can be very productive and produce much junk or you can be very productive and produce very worthwhile things. You can also be rather unpredictable in your productivity and sometimes produce junk and sometimes produce valuable stuff.

Human productivity is not only a measure of how fast you do something which a robot can do faster but how good or well you do something. You can be very efficient but not very good and you can be very good but not very efficient. To be efficient and good at the same time is the most desirable situation.

We are still superior to robots in many ways because although we are not faster than them or more efficient at some things we can do many things better or more efficiently than robots because we are multitalented and can do some very complex behaviors faster than robots. We are still better than robots at negotiating obstacle courses which have much unpredictability in them. A way of saying this is that we can quickly think or react to changes in the environment and robots simply can’t react as fast or as well as humans can. When robots become fast and multitalented then we will have some serious competition on our hands but I don’t see that happening any time soon even though well defined, repetitive, or boring jobs will be replaced by computers rather quickly.

If you liked this evergreen truth blog then read more of them, about 1300 so far, or read one or more of my evergreen truth books, especially COMMON SENSE, rays of truth in a human world filled with myths and deceptions.

For a complete readily accessible list of blogs and titles go to twitter.com/uldissprogis.

Enjoy!!!!!!

If you enjoyed this blog then here is a list of my most popular ones which you may also enjoy!!!

https://uldissprogis.com/zlist-of-my-most-popular-blogs/