Archive for the ‘unemployment’ Category

A New Bretton Woods?

August 1, 2016

We were in Rome about a year and a half ago, as part of a traveling celebration of our 35th wedding anniversary.

One evening as we were lollygagging through the busy rain-slicked streets and sidewalks, we passed in front of a very special building. It was the Rome headquarters of the European Union, or “EU”.

I wanted to take a picture of the building’s entry, because that is what tourists do–take pictures of important places. Seeking a broader view, I crossed the street. While positioning myself and the phone to snap a pic, the guard across the street noticed my activity. He started waving at me frantically, indicating that what I was doing was not permitted.

Excuse me. I was taking a picture of a public building.

In America, we take pictures of .gov buildings, because we have, you know, a government of the people, by the people and for the people, which means, among other things that the people can take pictures of their headquarterses (as Golem might say.)

Is this not the way you do it in Europe? No pictures of the RomeEU headquarters?

Nevertheless, here is my smuggled pic:

EURomeHdq

If you squint at my little jpeg here, you may discern the guard’s upraised right alarm, a gesture of command intended to communicate a stop order on my touristic activity. It vaguely resembles another raised-arm signal that was in use in Europe 75 years ago, during the regime of Mussolini and that German guy who considered the Italian dictator to be his own puppet.

Or maybe I’m being too cynical about this incident. Maybe the guard was saluting me in some way, acknowledging my importance as an American tourist in the city of Rome.

Now, a year and a half later, this morning, seated comfortably in my own humble domicile, back in the USSA . . . I was pondering the idea of government–whether it is truly “of. . .by the people”, or is it something else? Is it, as many citizens insist during these times of tumultuous societal change, actually an institution through which the “1%” (or as they said back in the old days, the “rich and powerful”) project their oligarchical manipulations upon the rest of us?

I was thinking about this after reading online an article about how the worldwide financial system that has evolved.

  http://seekingalpha.com/article/3993559-back-square-one-financial-system-needs-reset?ifp=0

In this Seeking Alpha blogpost, Valentin Schmid, as “Epoch Times” examines our international monetary system. His analysis appears to be generated from  a well-informed position in the world of money, assets and power.

Mr. Schmid raises the question of whether  the current (worldwide) debt load can ever be repaid, because there isn’t enough “real money” to go around.

This got my attention, because I have been thinking for a while that there isn’t enough “real money” to go around.

Haha, as if I knew about such things. I don’t know much about money; if I did, I would have more of it.

Anyway, Mr. Schmid’s question is answered by his guest interviewee, Paul Brodsky, in this way:

   . . . “I would argue central banks lost the ability to control the credit cycle. Some relatively minor event could trigger a series of events that creates the need for a sit-down among global monetary policy makers who finally have to acknowledge publicly that their policies are no longer able to control the system, the global economy, which is based on ever increasing demand through ever increasing credit.

And what might occur is a natural drop in output. So you’ll see GDP growth begin to fall. Real GDP growth across the world maybe even be going into contraction and that would spell doom for these balance sheets. And this is not something I’m predicting or trying to time at all, but the natural outcome of that would be a sit-down like a Bretton Woods where arrangements are reconsidered.”

   https://en.wikipedia.org/wiki/Bretton_Woods_Conference

So what is coming is, perhaps, this:

To compensate for a stalling of global productivity, the movers/shakers of the world may  construct a new,  top-down rearrangement of the world financial system. The purpose of this revision will be to fix the problem of not enough money to go around. Such an extensive reconstruction as this would be has not been done since the Bretton Woods agreement that was promulgated by delegates from 44 Allied nations in 1944.

In a 21st-century world inhabited by billions of inhabitants, our  accessibility to natural resources has heretofore been determined by how many holes we could drill in the ground to extract natural resources; and how many acres of crops we could plant to produce food; how many factories we could build, and so on. . . building an economy to work toward  spreading the bounty around.

In the future, however, we will be moving to a “knowledge” economy. Wealth creation will not be about how much you can dig in a day’s time, nor how much you can plant, nor what you can cobble together in your back yard or over on Main Street.

Wealth generation in the future will be determined by what you know, so start learning now.

The first three essential  things to know are these:

Reading, Writing, Arithmetic.

Well gollee, maybe it won’t be such a brave new world after all.

However this thing plays out, if enough of us can master these three skills, .gov of the people, by the people and for the people will not perish from the earth, we hope.

Glass half-Full

The Narrative of the Ancient !con

February 20, 2016

Statu!con

In this episode

we find  PMUnicomm inquiring among the projection heads as to what is going to happen next and how should we proceed from this point and what strategy should we devise to beat the numbers because they be indicating correction ahead and NIRPy deadends between buyin dips and sellin peaks and rockofdebt and hardplace of reality, so Arioch chiefofstaff say to PMUniCom:

BLS-BS say UnEmp be way down and thats good but LabrPart don’t match up to historical precedental expectations so we brought in DaProphit to make recommendation for FEd shells to be moved thus and such so game can go on and broncos can beat panthers and bulls chase bears off into sunset. So here be DaProphit and he say:

You, O PMUnicomm, were dreaming and behold there was a single great !con on your !phone, which was large and of extraordinary splendor and it was standing in front of you and its number of followers was awesome, like in datrillions.

And you saw, O PMUnicomm, the head of the !con was made of silvergold, its breast and arms of ironsteel, its belly ass and thighs of assets, its legs of stokbond, and its feet partly made of toxi and partly made of asset.

You were like this is awesome what the hell is it and while you were grokking it a rock was cut but not with human hands because the hand was busy writing on the wall and the rock suddenly smashed the feet of the !con to smithereens and the toxi and the assets and the stokbond and the ironsteel and the silvergold came tumblin down and humpty couldn’t put the dumpty back together again. But the rock that struck the !con became a great mountain and filled the earth.

And as you watched, PMUnicomm, the credits began to roll on your !device and it was time to find another fluffup.

Glass Chimera

Reminds me of kids’ whisper game

February 6, 2016

Honestly, I think we can do better this this, but maybe not.

The horserace groupthink has taken control of our TV people this year. It happens every election year, but this year worse than ever.

A perfectly deplorable example of how  tribal infighting trivia has taken over vid-journalism has been dissected by Michael Brown, writer for Townhall.com.

I’ll not explain the whole ridiculous chain of events; his exposition is quite sufficient:

    http://townhall.com/columnists/michaelbrown/2016/02/05/draft-n2115304

Now what I’m thinking is this: It would seem appropriate that the voting citizens of our nation would be considering, in this election year:

~ why our .gov owes so much more money than it can repay to its creditors,

~ and what can be done about it,

~ how we can minimize pollution without being ruled by climate-banging control freaks,

~ how we can reconstruct a manufacturing sector that is relevant to 21-century needs and economics,

~ how our great, unprecedented military capability and its supportive infrastructure cannot be put to good use in making the world a better place for our people and for the nations,

~ how to help men and women stay married so they can raise their children together,

~ why we cannot effectively educate all our children and prepare them for life-well-lived in the 21-century

~ how to judiciously keep the golden door of opportunity open to the homeless huddled masses of this strife-torn world

~ how to get people fed and housed without castrating nor sterilizing their personal independence and initiative,

~ how to encourage, by our policies, personal and collective responsibility instead of systemic dependency,

~ how to make peace, and encourage constructive cooperation, between cops and citizens in our cities,

~ how to enrich, through our common efforts, life, liberty, and the pursuit of happiness for all our people who care to make an effort to improve themselves and their children and neighbors,

~ how to select a President and Vice President without all this fluff and bullshit.

So it would seem appropriate that we would build and patronize a communication system that would enable us to talk about these problems in the context of national politics, instead of:

why one candidate tried to take a few days off from the rat race and how it has no effect on what’s happening in Iowa or New Hampshire or Peoria or Pennsylvania or even Pennsylvania Ave.

Maybe some of you hyped-up vid-journalists need a break. Take some time off, go home, like Ben did. If you need someone to replace you in the interim, give me a call. I’m currently unemployed, and gladly will I take your mic and your twitter feed and show you it could be done better. Besides, I’ve never been to New Hampshire.

King of Soul

An English lesson for Birdbrains

January 22, 2016

In the English language, appending an “s” at the end of a common noun renders the word plural, as in:

Birds eat.

Example:

BirdsEat

The other side of the story  in English is this: appending an “s” at the end of  a verb designates the present tense:

Bird eats.

Example:

BirdEats

In the Faith language, appending a statement of faith to an event renders it more meaningful.

Example:

“Look at the birds of the air, that they do not sow, nor reap nor gather into barns, and yet your Heavenly Father feeds them.”

In Economics language, appending a bird pic and a statement of faith to an unemployed birdbrain’s idle musings renders the event an experience of faith instead of foolishness.

That’s today’s lesson.

Go in peace.

Peace

Glass half-Full

Doing the Limbo at 64

January 9, 2016

I remember back in the 1950s when I was growing up and attending Catholic school. They taught us that there’s a place called Limbo, where you go after death if you had never received baptism while living in the world. Although I am a mere Christian now, having been baptized in 1978 by own choice choice at the age of 27, it has been revealed to this protestant that there is indeed a place called Limbo.

But it is not actually a place; rather, it is a time, a time of life.

How do I know this?

I am in Limbo now.  I am learning that it is a stage of life through which you pass, before–not after– death, a kind of a nether time through which the maturing American sojourns, somewhere between ages 64 and 66.

When you turn 64, there are multiple signs that indicate you have arrived in Limbo. The first is, of course, remembering back to 1968 when the Beatles raised the profound question “Will you still need me, will you still feed me, when I’m 64?”

http://www.dailymotion.com/video/x158z5_beatles-when-i-m-sixty-four_music

On one level, the song is profound for the aging adult, insofar as it raises the question of one’s life-status or love-condition in relation to one’s spouse, or, as they say nowadays, one’s “significant other” or lack thereof.

On another level, the question itself–about being needed and fed–is critical for the aging adult, insofar as it raises the question of one’s life-status in relation to “the System.”

You know the System I’m talking about, the one that–as we thought back in the day–would relegate us all to little ticky-tacky houses where we’d all look just the same.

And once you start seeing the signs that you are approaching–or perhaps have already arrived in– Limbo, suddenly the omens are all over the place, and very plain to see.

For example, as I happened to tune in, a couple of days ago, to Diane Rehm’s show, in which the Grand mistress of inside-the-beltway grapevine NPR confab discussed the big “R” word with Teresa Ghilarducci,

http://thedianerehmshow.org/audio/#/shows/2016-01-07/teresa-ghilarducci-how-to-retire-with-enough-money/111702/@00:00

I learned that the assets so far accumulated by myself and my wife (six years younger than me) are, of course, not nearly enough to “make it through” the Retirement years, which is a special golden or rose-colored-glasses period  sometimes called the “rest of our life.”

Theoretically, our assets are not enough, especially with, you know, zero interest rates etcetera etcetera.

On the other hand, who the hell knows how much is enough?

Furthermore, this unstable scenario has been further destabilized by myself, yours truly, who recently, and oh-so-irresponsibly, decided to quit my job seven months before reaching the big SIX-FIVE road marker, because it was–as my body was daily communicating to me–wearing me out, after the past 45 years of uninterrupted work, the lion’s share of which was spent in construction and maintenance jobs.

There’s a reason (as I am discovering) that 65 is the big mile marker, the fork in the road where two paths diverge, as Robert Frost might have called it many and many a year ago.

In my case, I just didn’t quite make it that far, stopped short of the finish line with only seven months to go.

In one moment of time I morphed from one Bureau of Labor Statistical category to another. Whereas, I formerly was perhaps categorized as  employed but underemployed (being a college grad in a maintenance job), this statistical territory I now inhabit is a never-neverland somewhere between “unemployed” and “dropped-out of the labor force altogether–having given up on looking for another job!

Limbo!

The real hell of it is I’m still looking for a job, still striving to redeem myself from the stigma of being a labor-force dropout, still busting gut to add another few thousand bucks into that magic pot of IRA and/or 401K gold at the end of the Social Security rainbow.

Did I mention “gold”? Don’t even think about it, except all the online doomsayers are saying I need to buy it. But I wouldn’t know where to start. I mean, I’ve lived in the System all my life.

Meanwhile, back at the ranch, where I’m filling blanks and checking boxes in online applications, the question becomes: who is going to hire a 64-year-old who just may be one of those  off-the-chart non-entitities who has “given up” on gainful employment, when there are multitudes of unemployed or underemployed 22-year-olds out there pounding the keyboard and the pavement looking for work?

Who? I ask you who?

Don’t think too hard. That’s been my problem all my life–thinking too much, and maybe writing too much too. (And if you believe that, I’ve got three novels, poised in cyberspace on the website linked below; they’re hanging there, suspended in electrons waiting to enhance your historical reading experience.)

So here I leave you with a closing anecdote. It is a dilemma wrapped in an enigma.

6:30 this morning, still dark. I just delivered my wife to her nursing job. I’m at the gas pump of a convenience store. I’m thinking. . .maybe I should go in there and ask for a job. Then I’m looking blankly at the gas pump as the digitals flash, and my eye wanders up to a sign on the gas pump. It says:

“Polar pop any size 69 cents”

And above that message is another little sign, with pictures of “Crown” cigarette packs, and an offer that smokers cannot refuse:

“$3.18 if you buy two.”

Do I really want to spend the last six months of my working life. . .

Fuhgedaboudit.

Smoke