# Category Archives: economy

economy topics

Evaluate: v. to judge the value of a subset(s) based on a subjective and/or objective (standard(s) and/or norm(s))

How valuable something is may be a subjective personal opinion or a consensus of personal opinions on the value of something.  You may also use an established value standard or norm as a basis for comparison with the value which you feel something has.

Most standards and norms are subjective in nature and it is only those grounded in science with mathematical calculations that can truly be called objective values.

How rare something is frequently determines its monetary value to a large degree. Usually the rarer something is the more valuable it is with the possible exception of rare diseases and rare behavioral abnormalities which can be considered to have negative value monitarily.

Personality characteristics have social value which translates into monetary value also but there is no direct mathematical formula which guarantees that x characteristic has m value monitarily. There is only a statistical probability that if you have personality characteristics x, y, and z that your monetary value will be approximately m  p percent of the time.

The marketplace often determines the monetary value of something and it is disastrous that rare rhino horn and elephant ivory has such a high price because killing and extinction is directly proportional to the value of something in the wilderness.

If a wilderness plant or animal is domesticated and raised for ongoing profit then the wild species can continue to thrive untouched by human civilization provided that their real estate is not stolen from them by agricultural greed.

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Interest: n. a percentage of money added or subtracted from a money quantity(s)

Paying interest and variable interest rates have long been used as a tool to attempt to control the money supply which is distributed in society.

Ask one to pay a higher interest rate and the profit potentially becomes higher but the controlling factor is that many more humans can no longer afford the high interest rates and in reality profits can also decrease from too high interest rates.

Variable interest rates are attempts at assessing the risk involved in lending money and those who are potentially the riskier investment pay higher interest rates.

Loan sharks are notorious for charging high interest rates to humans in desperate need of money and it is a highly usurious practice which still persists to some degree in society.

Historically adequate interest rates on bank savings accounts encouraged thriftiness and responsible money management in human lives because the rates exceeded the losses in the value of money due to inflation. This is no longer the case today and thrifty saving of money is discouraged with unjust returns of interest on savings accounts.

The result is that humans are discouraged to save money for future emergencies and retirement and not only are their lives in increasing financial crisis mode but the government is also acting irresponsibly with the money supply and printing much counterfeit money which winds up in the pockets of big banks who are increasingly using the counterfeit cheap money to engage in risky short duration investments in an attempt to make huge short duration profits which they can no longer get from the general economy and ordinary citizens.

Today’s big banks are in a very unstable financial circumstance and also unstable is the federal government’s terrible money management policies which are more and more disrespected worldwide. Foreign governments are increasingly searching for alternatives to the relatively worthless, unstable, and untrustworthy US dollar supply.

A just money supply for a nation or world is one without inflation so that the value of the money does not decrease in value with time. In the real world unfortunately zero inflation or deflation is not realistically possible. A temporary return to financial sanity would be to establish a savings account where the return on money invested or saved would be identical to the yearly inflation and adjusted on a yearly basis too. If inflation was higher one year then the return on savings would match the increased inflation rate thus making for a net return of no loss on the value of the money invested. You don’t need to make profit from a savings account but it should be a safe haven from loss in the value of money so that a dollar saved will have the same value 1 or 100 years later.

That is what a just monetary system should strive for, to not steal any money from humans who save their money in an institution which need not be a bank but could be a national or international savings depository where money does not lose value with time. That is true national and international justice for all thrifty money savers.

There are deflationary periods also and during those times the money saved would be deflated in value by the deflation rate so the net value of the saved money would still be the same. Constant value for money saved whether in inflationary or deflationary times is the answer to a just money supply nationally and internationally!!!!!!

FOR PRIVATE BANKS TO BECOME JUST FINANCIAL INSTITUTIONS AGAIN THEY MUST GUARANTEE A RETURN ON SAVINGS ACCOUNTS EQUAL TO THE ANNUAL INFLATION RATE ON A YEARLY BASIS AND MUST DECREASE THE SAVINGS ACCOUNT VALUE BY THE ANNUAL DEFLATION RATE WHEN FINANCIAL TIMES ARE IN RECESSIONS!!!!!!

Private banks must guarantee this or the federal government will nationalize the banks and create their own just savings account returns for the citizens of the nation!!!!!!

Of course we are living in an international world and the international banks will have to set up savings accounts in each nation where the savings accounts rise as much as the inflation rate and there should be losses in the savings accounts from deflationary causes in each nation. That is the way to have a truly just international monetary system which does not steal money from each citizen of the country for the benefit of the wealthy or big money interests only.

The thrifty financially responsible citizens of the world will be rewarded for their responsible behavior and the profligate spenders and ripoff artists will be punished instead of rewarded the way that they are today in many countries.

I ask you. Do you want a world filled with honest thrifty financially responsible prospering citizens or a world filled with financially dependent irresponsible profligate citizen slaves who will inevitably bankrupt a nation and even cause a tyrannical political takeover to restore order out of financial and behavioral chaos?

If you liked this evergreen truth blog then read more of them, about 2000 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.

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Vest: v. to give authority to do and/or possess a subset(s) and/or a set(s)

If you have a vested interest in something(s) such as equity in the stock market that means that you probably own some part of that subset(s) such as some property and/or some equity. Of course you could theoretically own all the stock equity in a public corporation but that is usually not done and is reserved for private corporations only.

Parents also have a vested interest in their offspring and own them to some extent and have the right to demand certain proper social behavior from them to avoid public embarrassment, censure, criticism, or ostracism.

A vested interest in a sport, profession, or activity(s) also means that you have some ownership rights and frequently want that activity(s) to thrive for your benefit and the benefit of others.

Vested interests are the reason for the status quo approach by most who are afraid to lose their vested interests if changes are made in politics, education, economics, law, agriculture, theoretical science, sociology, sports, medicine, psychiatry, relationships, manufacturing, business, and any entrenched profession for that matter.

Necessary change means a change in vested interests and it is obvious some of these vested interests will get hurt financially and so resistance persists until crises demand definitive changes and the present circumstances are no longer tolerable or tolerated by almost anyone.

If you liked this evergreen truth blog then read more of them, about 1600 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.

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# INTERNATIONAL BANK CORRUPTION NEEDS JAIL TIME FOR BANK OFFICIALS NOT JUST FINES!!!

##### “Five major international banks are expected to plead guilty as soon as next week to criminal charges in the US related to their deliberate manipulation of global foreign exchange markets, which allowed them to rake in billions of dollars at the expense of retirees, university endowments and municipalities.”

International major banks through manipulation of global foreign exchange markets have stolen money from retirees, university endowments, and municipalities. It is time for jail time for those rigging the system and not just paltry fines which permit corrupt banking business to go on as usual.

If you liked this evergreen truth blog then read more of them, about 1600 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.

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Enjoy!!!!!!

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# BAD ECONOMY IN 2012 AND STILL CONTINUING TODAY!!!

75 Economic Numbers From 2012 That Are Almost Too Crazy To Believe

Michael Snyder
Economic Collapse
December 21, 2012

What a year 2012 has been!  The mainstream media continues to tell us what a “great job” the Obama administration and the Federal Reserve are doing of managing the economy, but meanwhile things just continue to get even worse for the poor and the middle class.  It is imperative that we educate the American people about the true condition of our economy and about why all of this is happening.  If nothing is done, our debt problems will continue to get worse, millions of jobs will continue to leave the country, small businesses will continue to be suffocated, the middle class will continue to collapse, and poverty in the United States will continue to explode.  Just “tweaking” things slightly is not going to fix our economy.  We need a fundamental change in direction.  Right now we are living in a bubble of debt-fueled false prosperity that allows us to continue to consume far more wealth than we produce, but when that bubble bursts we are going to experience the most painful economic “adjustment” that America has ever gone through.  We need to be able to explain to our fellow Americans what is coming, why it is coming and what needs to be done.  Hopefully the crazy economic numbers that I have included in this article will be shocking enough to wake some people up.

The end of the year is a time when people tend to gather with family and friends more than they do during the rest of the year.  Hopefully many of you will use the list below as a tool to help start some conversations about the coming economic collapse with your loved ones.  Sadly, most Americans still tend to doubt that we are heading into economic oblivion.  So if you have someone among your family and friends that believes that everything is going to be “just fine”, just show them these numbers.  They are a good summary of the problems that the U.S. economy is currently facing.

The following are 50 economic numbers from 2012 that are almost too crazy to believe…

#1 In December 2008, 31.6 million Americans were on food stamps.  Today, a new all-time record of 47.7 million Americans are on food stamps.  That number has increased by more than 50 percent over the past four years, and yet the mainstream media still has the gall to insist that “things are getting better”.

#2 Back in the 1970s, about one out of every 50 Americans was on food stamps.  Today, about one out of every 6.5 Americans is on food stamps.

#3 According to one calculation, the number of Americans on food stamps now exceeds the combined populations of “Alaska, Arkansas, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Iowa, Kansas, Maine, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Utah, Vermont, West Virginia, and Wyoming.”

#4 According to one recent survey, 55 percent of all Americans have received money from a safety net program run by the federal government at some point in their lives.

• A D V E R T I S E M E N T

#5 For the first time ever, more than a million public school students in the United States are homeless.  That number has risen by 57 percent since the 2006-2007 school year.

#6 Median household income in the U.S. has fallen for four consecutive years.  Overall, it has declined by over \$4000 during that time span.

#7 Families that have a head of household under the age of 30 have a poverty rate of 37 percent.

#8 The percentage of working age Americans with a job has been under 59 percent for 39 months in a row.

#9 In September 2009, during the depths of the last economic crisis, 58.7 percent of all working age Americans were employed.  In November 2012, 58.7 percent of all working age Americans were employed.  It is more then 3 years later, and we are in the exact same place.

#10 When you total up all working age Americans that do not have a job in America today, it comes to more than 100 million.

#11 According to one recent survey, 55 percent of all small business owners in America “say they would not start a business today given what they know now and in the current environment.”

#12 The number of jobs at new small businesses continues to decline.  According to economist Tim Kane, the following is how the decline in the number of startup jobs per 1000 Americans breaks down by presidential administration

Bush Sr.: 11.3

Clinton: 11.2

Bush Jr.: 10.8

Obama: 7.8

#13 The U.S. share of global GDP has fallen from 31.8 percent in 2001 to 21.6 percent in 2011.

#14 The United States has fallen in the global economic competitiveness rankings compiled by the World Economic Forum for four years in a row.

#15 There are four major U.S. banks that each have more than 40 trillion dollars of exposure to derivatives.

#16 In 2000, there were more than 17 million Americans working in manufacturing, but now there are less than 12 million.

#17 According to the Pew Research Center, 61 percent of all Americans were “middle income” back in 1971.  Today, only 51 percent of all Americans are.

#18 The Pew Research Center has also found that 85 percent of all middle class Americans say that it is harder to maintain a middle class standard of living today than it was 10 years ago.

#19 62 percent of all middle class Americans say that they have had to reduce household spendingover the past year.

#20 Right now, approximately 48 percent of all Americans are either considered to be “low income” or are living in poverty.

#21 Approximately 57 percent of all children in the United States are living in homes that are either considered to be either “low income” or impoverished.

#22 According to one survey, 77 percent of all Americans are now living paycheck to paycheck at least part of the time.

#23 Back in 1950, more than 80 percent of all men in the United States had jobs.  Today, less than 65 percentof all men in the United States have jobs.

#24 The average amount of time that an unemployed worker stays out of work in the United States is 40 weeks.

#25 If you can believe it, approximately one out of every four American workers makes 10 dollars an hour or less.

#26 According to the U.S. Census Bureau, an all-time record 49 percent of all Americans live in a home where at least one person receives financial assistance from the federal government.  Back in 1983, that number was less than 30 percent.

#27 Right now, more than 100 million Americans are enrolled in at least one welfare program run by the federal government.  And that does not even count Social Security or Medicare.  Overall, there are almost 80 different “means-tested welfare programs” that the federal government is currently running.

#28 When you account for all government transfer payments and all forms of government employment, more than half of all Americans are now at least partially financially dependent on the government.

#29 Barack Obama has been president for less than four years, and during that time the number of Americans “not in the labor force” has increased by nearly 8.5 million.  Something seems really “off” about that number, because during the entire decade of the 1980s the number of Americans “not in the labor force” only rose by about 2.5 million.

#30 Electricity bills in the United States have risen faster than the overall rate of inflation for five years in a row.

#31 According to USA Today, many Americans have actually seen their water bills triple over the past 12 years.

#32 There are now 20.2 million Americans that spend more than half of their incomes on housing.  That represents a 46 percent increase from 2001.

#33 Right now, approximately 25 million American adults are living with their parents.

#34 As the economy has slowed down, so has the number of marriages.  According to a Pew Research Center analysis, only 51 percent of all Americans that are at least 18 years old are currently married.  Back in 1960, 72 percent of all U.S. adults were married.

#35 At this point, only 24.6 percent of all jobs in the United States are good jobs.

#36 In 1999, 64.1 percent of all Americans were covered by employment-based health insurance.  Today, only 55.1 percent are covered by employment-based health insurance.

#37 Recently it was announced that total student loan debt in the United States has passed the one trillion dollar mark.

#38 If you can believe it, one out of every seven Americans has at least 10 credit cards.

#39 One survey of business executives has ranked California as the worst state in America to do business for 8 years in a row.

#40 In the city of Detroit today, more than 50 percent of all children are living in poverty, and close to 50 percent of all adults are functionally illiterate.

#41 It is being projected that half of all American children will be on food stamps at least once before they turn 18 years of age.

#42 More than three times as many new homes were sold in the United States in 2005 as will be sold in 2012.

#43 If you can believe it, 53 percent of all Americans with a bachelor’s degree under the age of 25 were either unemployed or underemployed last year.

#44 The U.S. economy continues to trade good paying jobs for low paying jobs.  60 percent of the jobs lost during the last recession were mid-wage jobs, but 58 percent of the jobs created since then have been low wage jobs.

#45 Our trade deficit with China in 2011 was \$295.5 billion.  That was the largest trade deficit that one country has had with another country in the history of the planet.

#46 The United States has lost an average of approximately 50,000 manufacturing jobs a month since China joined the World Trade Organization in 2001.

#47 According to the Economic Policy Institute, America is losing half a million jobs to China every single year.

#48 The U.S. tax code is now more than 3.8 million words long.  If you took all of William Shakespeare’s works and collected them together, the entire collection would only be about 900,000 words long.

#49 According to the IMF, the global elite are holding a total of 18 trillion dollars in offshore banking havens such as the Cayman Islands.

#50 The value of the U.S. dollar has declined by more than 96 percent since the Federal Reserve was first created.

#51 2012 was the third year in a row that the yield for corn has declined in the United States.

#52 Experts are telling us that global food reserves have reached their lowest level in almost 40 years.

#53 One recent survey discovered that 40 percent of all Americans have \$500 or less in savings.

#54 If you can believe it, one recent survey found that 28 percent of all Americans do not have a single penny saved for emergencies.

#55 Medical costs related to obesity in the United States are estimated to be approximately \$147 billion a year.

#56 Corporate profits as a percentage of GDP are at an all-time high.  Meanwhile, wages as a percentage of GDP are near an all-time low.

#57 Today, the wealthiest 1 percent of all Americans own more wealth than the bottom 95 percent combined.

#58 The wealthiest 400 families in the United States have about as much wealth as the bottom 50 percent of all Americans combined.

#59 The six heirs of Wal-Mart founder Sam Walton have a net worth that is roughly equal to the bottom 30 percentof all Americans combined.

#60 At this point, the poorest 50 percent of all Americans collectively own just 2.5% of all the wealth in the United States.

#61 Nearly 500,000 federal employees now make at least \$100,000 a year.

#62 In 2006, only 12 percent of all federal workers made \$100,000 or more per year.  Now, approximately 22 percent of all federal workers do.

#63 If you can believe it, there are 77,000 federal workers that make more than the governors of their own states do.

#64 Nearly 15,000 retired federal workers are collecting federal pensions for life worth at least \$100,000 annually.  The list includes such names as Newt Gingrich, Bob Dole, Trent Lott, Dick Gephardt and Dick Cheney.

#65 U.S. taxpayers spend more than 20 times as much on the Obamas as British taxpayers spend on the royal family.

#66 Family homelessness in the Washington D.C. region (one of the wealthiest regions in the entire country) has risen 23 percent since the last recession began.

#67 If Bill Gates gave every single penny of his fortune to the U.S. government, it would only cover the U.S. budget deficit for about 15 days.

#68 During fiscal year 2012, 62 percent of the federal budget was spent on entitlements.

#69 Back in 1965, only one out of every 50 Americans was on Medicaid.  Today, approximately one out of every 6 Americans is on Medicaid.

#70 It is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.

#71 Medicare is also growing by leaps and bounds.  As I wrote about recently, it is being projected that the number of Americans on Medicare will grow from 50.7 million in 2012 to 73.2 million in 2025.

#72 Thanks to our foolish politicians (including Obama), Medicare is facing unfunded liabilities of more than 38 trillion dollars over the next 75 years.  That comes to approximately \$328,404 for each and every household in the United States.

#73 Amazingly, the U.S. national debt is now up to 16.3 trillion dollars.  When Barack Obama first took office the national debt was just 10.6 trillion dollars.

#74 During the first four years of the Obama administration, the U.S. government accumulated about as much debt as it did from the time that George Washington took office to the time that George W. Bush took office.

#75 Today, the U.S. national debt is more than 5000 times larger than it was when the Federal Reserve was originally created back in 1913.

If you liked this evergreen truth blog then read more of them, about 1500 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.

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Rig: v. to give an unjust advantage to one side of a conflict(s) and/or competition

Humans have frequently complained that a game, sport, election, or competition was rigged. Sometimes humans complain that a family conflict was rigged by other family members against them or that there was in fact some unjust advantage in the circumstance.

Gambling is rigged to favor the house and sometimes family members gang up on one family member and in effect make for an unjust or rigged argument or conflict which needs solving.

The court system is rigged in favor of the wealthy who can afford good lawyers and your education is rigged if you get a bad one in a bad neighborhood compared to an average education in a middle class neighborhood. We all know that the most wealthy send their offspring off to expensive private schools so the whole educational system is rigged to favor the monied class.

What can be done to solve this seemingly insurmountable dilemma? Make free useful technological education free over the internet to anyone at any age who is willing to put in the time, effort, achievement, and ability to learn new useful job skills.

Provide cramped housing and computers for free to the loners and families who are destitute and unemployed no matter what age and from whatever social background. Deliver their standardized basic needs door to door with private efficient delivery companies.

This way some will be able to learn their way out of poverty no matter what the socioeconomic class they are in. None of them will be cruising the world in their private vehicles looking for fun and adventure at taxpayer’s expense.

That is truly a just efficient solution to the educational and economic problem of inequality. Don’t like your socioeconomic status in this world? Then learn hard and mentally work your way out of your dire predicament and the sooner the better!!!!!!

If you liked this evergreen truth blog then read more of them, about 1500 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.

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# THE TRUTH ABOUT SAVINGS ACCOUNTS+

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.

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