America was created to be a land of opportunity, where the individual could take an idea, develop it, and create wealth in the process. Unfortunately, not everyone agrees with this notion. An enemy has arisen in our midst, one who has single-mindedly worked to subvert and even destroy this opportunity.
Surprisingly, it is those we have elected and entrusted with managing our federal government and its burgeoning bureaucracies who are running the country into the ground. Operating under the arrogant delusion that theory is wiser than experience, they have given us an endless stream of programs. Instead of correcting our social ills, these programs have only exacerbated the problems and actually created more challenges due to the unintended consequences of incompetence, mismanagement and corruption.
“The words that come to mind after reading this book are courage and truth. The question is, do you have the courage to hear the truth? Economic Warfare rips the lid off the story of the century- that our country has been embezzled and defrauded by a cabal of Ivy League gangsters, greedy bankers, financial terrorists, and vulture capitalists. They managed to turn Wall Street and the banking system into a combination of the craps game, shell game, and Ponzi scheme- all set up for the benefit of the few (bankers), to be subsidized by the many (taxpayers). Bernanke, Rubin, Paulson, Summers- all the star swindlers are exposed in Economic Warfare. This is the book the bankers, hedge fund managers, and D.C. political insiders fear.”
Wayne Allyn Root
CEO, Entrepreneur, Best-Selling Author of Conscience of a Libertarian Former Vice-Presidential candidate and Chairman of the Libertarian National Congressional Committee
“Economic Warfare” is a revolution at the right time. This book is not just about exposing our complex financial culture but a true inspiration.”
Stephen M. Thompson, Ph.D.
Editor, OpenBeast – www.OpenBeast.com Author: Land of Opportunity Forever
In this third installment of an ongoing series, I explore what people face if they don’t consider going off and starting their own business.
As the stick is a far more effective (if less desired) teacher than the carrot, I’ll cut to the chase. You need to realize how limited, and likely how miserable, your entire life will be if you don’t consider this option.
Of course, most people don’t cross this bridge, and many people have no business trying. The economy needs employees, followers, loyal consumers. I’m just saying that the opinion leaders, the movers and shakers, turned their backs on the path followed by most everyone else. It depends on what you want.
If you want to control your life, to be able to decide what to do, when to do it and with whom to do it, you have to be some sort of entrepreneur. That does not mean being fabulously wealthy, unless you define wealth in a non-monetary sense, that being measured simply as the freedom from control by someone else.
But here is the sticking point. To become and remain an employee, you must always be willing to be controlled. And as control requires dependence, because dependence enhances control, you will quickly end up in a quicksand where your life is Groundhog Day.
With so much talk these days about corporate social responsibility, many companies are feeling compelled to jump on the values bandwagon. Because of their agility, small businesses in particular are at the forefront of what is becoming a responsibility revolution.
But, what does it really mean to be a Value Driven Non Profit Business? Simply selling ideas does not classify a company as values-led.
As Founder and President of the Financial Policy Council for the last three years now, a New York not-for-profit corporation tax-exempt under Internal Revenue Code Section 501(c)(3), here are some tips for succeeding as a social entrepreneur.
One of the most amusing phrases on Wall Street is “smart money.”
This phrase is used to describe the handful of professional investors whose abilities and foresight are thought to be so acute that they spot the big moneymaking opportunities before the average Joe Pro.
The smartest of the “smart money” is thought to be hedge funds.
A look at recent performance suggests that hedge funds are indeed extremely smart money, though not in the way that most people think.
In fact on average, hedge funds are no smarter about picking stocks or other investments than anyone else. In fact, they’re decided, startlingly worse.
Hedge funds are in fact shutting today at a rate not seen since the financial crisis, as many managers post disappointing returns and an elite group of firms dominates money raising.
A nation is nothing without infrastructure. It is the literal blueprint which allows education, healthcare, commerce and trade to expand and progress within rural and urban areas alike. A country is identified and remembered by its most outstanding infrastructure, from longstanding historic monuments to major highways. Thus, it goes without saying that it must be primary business of federal, state and municipal governments to maintain replenish and expand physical infrastructure to ensure continued growth and communications.
Physical infrastructure within the US has historically been built on thorough, systematic urban and rural planning. As with most countries, new infrastructure projects tend to burgeon in the form of government centers, parks and recreation facilities and monuments based on the promises of newly incumbent regimes. However, basic infrastructure maintenance, specifically maintenance of roads, highways, commercial maritime ports, public schools, and public hospitals, are in need of redress.
The maintenance of basic infrastructure, while not as glamorous as a new monument, is vastly essential. However, US fiscal policy towards infrastructure has fallen well over the past twenty years. While certain states and municipalities have an airtight dedication to capital improvements, overall less public investment has gone towards a basic infrastructure need. This is mindboggling. Basic infrastructure growth and maintenance is what differentiates developed nations from emerging counterparts.
Suspicions among white-collar professionals that the recovery is an illusion, or at least has left them behind, are validated by official government data buried in the monthly employment reports, based on household surveys, which few bother to actually read.
Even more worrisome is the continuation of a decade-long decline in the number of self-employed, a category which includes many of these same professionals.
While even the seasonally-adjusted employment data show an uptick in five of the six unemployment measures (Table A-15 of the January 2015 jobs report, available at http://www.bls.gov/news.release/empsit.t15.htm), the unadjusted numbers in the same table show a measurable increase in unemployment.
However, that is not news to the white-collar workforce which has not fully recovered and which may never recover. Remember that the official data, if anything, paints a rosier picture than reality, because it is based on methodologies which strain to overstate employment and understate unemployment.
First, the reported data shows a rise in unemployment among the “management, professional and related occupations” in January 2015 from December 2014 by 173,000, while reported employment in the sector is up 479,000. The numbers, not adjusted for seasonality, actually support an increase in the sector’s reported unemployment rate to 2.9%. In fact, reported unemployment among the “professional and related occupations”(1) and “management, business and financial operations” sectors is nearly double what it was in December 2007.
One Up on Wall Street: My Favorite Way to Beat the Market – By Mark Skousen – Financial Policy Council
Thursday, 25 June 2015
6:00 – 9:00 PM
Mark Skousen, Ph. D., Editor of Forecasts & Strategies, is a nationally known investment expert, economist, university professor, and author of more than 25 books. Currently Skousen is a Presidential Fellow at Chapman University. He recently was named one of the 20 most influential living economists. He earned his Ph. D. in monetary economics at George Washington University in 1977. He has taught economics and finance at Columbia Business School, Columbia University, Grantham University, Barnard College, Mercy College, Rollins College and Chapman University. He also has been a consultant to IBM, Hutchinson Technology and other Fortune 500 companies.
Topic: One Up on Wall Street: My Favorite Way to Beat the Market
Date: Thursday June 25, 2015
Time: 6:00 pm – 9:00 pm
Location: The Graduate Center / CUNY at 365 Fifth Avenue at The Elebash Recital Hall – On the main floor of the building and on the left as you enter into the main lobby
Please register as soon as you can by answering directly to the Board member who invited you as this event is “by invitation” only and as seating is limited.
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