Posts Tagged ‘expansion’

Green Money

March 20, 2019

It has been about 200 years since our great American expansion picked up enough steam to really get going full throttle.

From Maine to Miami, from Seattle to San Diego and everywhere in between, in our humongous exploitive thrust westward, southward, and  every whichaway you can think of— we went bustin’ through the Adirondacks, the Appalachians, across the  wide prairies, over Big Muddy, up the Missoura and all the way down to the Rio Grande, through Sierras out to Pacific shores, even leaping oceanward and skyward to Hawaii.

EucTre4

Back in the day, when we got into the thick of that vast continental expedition, we moved over and through rolling virgin landscapes of living green.

Green were the great evergreens of the North. Green were the hardwood forests on coastal plains, on Appalachian slopes, on heartland grasslands. Green were the piney woods of the South. Green were the grains of the far-stretching prairies.

And the certificates by which we assigned value to our works—these too were green.

Dollars—we designed them in green.

Dollar

So, green were the dollars that transacted our nation through thousands of ventures, millions of contracts, compelling trillions of working hands that were capitalized by investing hands, then driven upward in value by speculating hands and traded cleverly by arbitraging wallstreet whizzes.   

Some newly-immigrating Americans moved independently, others collectively, across the continent. All along the way they cultivated green crops and earned green dollars wherever they settled, digging, mining, organizing co-ops, forming companies, building roads and bridges, collaborating, accumulating capital, incorporating, expanding, growing, thriving, burgeoning and burdening.

Burdening the earth. Extracting to the max all along the way. Tow that line; tote that bale. Milk it for all its worth.

By the time mid-20th century rolled around, ole mother earth was bursting at the seams, displaying scarred hillsides, scraped-out open-pit mines, hollowed-out insides, chemicalized sores, oozing green slime. . . but enabling us thereby to whiz along on continent-wide  interstate rides. Hey, let’s pull over for a song break:

  http://www.micahrowland.com/carey/Deep Green.mp3

We grew up with stock-green scenery whizzing by outside the windows at 65 miles per hour— seemingly insignificant landscape sliding through the view on our way to wherever our best-laid plans of mice and men might propel us.

At ramping exits we egress to fill-up on the American dream, then cruise control at 78 mph in our lean dream transportation machines. Green, green is just a tucked-away scene behind the gas station.

Still yet are the the dollars green, but only in our minds, because now we’ve digitized them so we don’t actually lay eyes on them $$ any more.

And then, lo and behold, a new thing happened. Motivations morphed. The politics that drives our nation states began to turn green.

Whereas, before, red, white, and blue were the colors that motivated us.

Now we find that the ole faithful red, white and blue of Liberty has run its course through world history. Those other nation-states that had followed our galavanting, capitalizing lead. . . now they have fueled their engines with our money-green currency, and they did park billions of our little federal reserve notes into every marketplace and bank vault across the globe. . .

But what goes around, comes around, and when it recycles, it morphs as something different.

Alas, so now what new Green through yonder Continent breaks?

Turns out that some Keynesizing technocrats have devised a means to turn the whole financialized world around so that the new motive—the re-greening of earth—becomes society’s great purpose and goal. On the old economic scenario of Supply and Demand, Sustainability arises as the new Remand.

Instead of the profit motive! Instead of Go West Young Man, now we find a new clarion call: Go Green Young Band!

     https://www.socialeurope.eu/green-money-without-inflation

Will it work?

Glass half-Full

Advertisements

Where is the new Frontier?

November 9, 2016

We will need some kind of new frontier in order for significant growth to take hold.

LadyWork

In the early stages of our nation, that growth came from westward continental expansion.

In the 1920’s, growth came from unprecedented expanding consumer markets.

In 1950’s-60’s postwar America, growth came from rebuilding our nation and the world after the Depression and WWII destruction.

In the 1980’s-90’s, growth came from the computerization, digitization and online expansion of American life.

If we are in for a new expansion, what industry or circumstance will be the basis for it?

If the next expansion is going to truly benefit the little people– the losers in that theoretical “income inequality” gap–then our expansion must begin with them.

It’s time for the bootslingers that tread upon American streets, sidewalks and soils to pull themselves up by our bootstraps, because such a thing as prosperity cannot happen as a result of .gov programs.

The advanced, post-industrial condition of our economy indicates, I believe, that the next wave of innovation/expansion can, and must,  come only from the economic micro-units of our heartland.

That is to say, from the garage tinkerers, the workshop wonders, the flea-market marvels, the home front hopefuls, the lemonade-stand lovers of our land who are unwilling to waste away in social media mediocrity and cabled corruption.

Now is the time for grassroots level renewal.

Now is the time for all men and women to come to the aid of their families, their neighborhoods, their communities, our country.

Donald Trump, bless his heart, may be an amazing guy, off the charts and all that, but he cannot pull prosperity out of a half-empty glass economic base.

The glass half-Full mindset will be based, in our future, on learning how to do more with less. The milking of this planet’s resources can only go so far without seriously strategic enterprising  innovation. That principle will be the lesson and legacy of the Obama years.

I hope we have learned, or will learn, that lesson of resourcefulness, and I hope that President Trump will facilitate our building upon that great base of American innovation and enterprise.

Don’t you Americans be looking for no handouts. That well has run dry. It’s time to drill a new one, but it may have to be in your own back yard.

In this way we may perhaps make America great again.

Glass half-Full

Be aware of Greeks bearing debts

April 25, 2015

Greece is, you see, the opposite of California, and I’ll tell you why.

The first thing is: Greece is very old. California is, on the other hand, very new.

The “West”–that is to say, California and all the rest of us New World types– actually started in Greece about three thousand years ago. Greece was the “West” because it was westward from what was, in ancient times, the Old Country, the region we now call the Middle East, or Levant, or Holy Land, depending on your point of view.

Long ago, after Alexander and his military legacy turned the Persians back at the battle of Marathon, long about 490 b.c.e., the people of the Greek city-states began joining together to form an historical entity that we now call Ancient Greece.

And since that time, the whole thing of Greek culture moved westward and northward over a couple of millennia  of time. The great thrust of Western thought, anchored in a mental discipline called philosophy and a political idea called Democracy,  inspired empires and nations from those ancient days until the present day.

We still dream about governing ourselves in this thing call a democracy, but it has never quite manifested in a way authentic to the original concept.

Probably never will, but it’s a nice thought.

A  couple hundred years after the Greek Golden Age, the Romans came along with their Republic and their empire. Much of their marvelously innovative empire-building was rooted in Greek thought and mathematics (Euclid and Pythagoras). A lot of what the Romans did was direct imitation of Greek stuff. A good example of this is their omnipresent use of Columns for holding buildings up.

You’ve heard of Doric columns, Ionic columns?

That’s Greek stuff. Except that–guess what!–the Doric and Ionic names originated across the Aegean sea from Greece, in a region called Asia (Minor), which is now Turkey. Go figure!

A couple hundred years after the Greek Golden Age, along came the Romans. What they ended up doing was much grander and more elaborate than what the Greeks did. They took Greek columns and turned them into a universal architectural art-form. Those two earlier Column designs–the Doric and the Ionian– were not fancy enough to suit the Roman sense of grandiosity. So the Romans decorated the capitals (tops) of their columns with new, leafy frou-frou carvings and castings  which came to be called Corinthian.

The Corinthian name, however, was not Roman, but Greek. Corinth was an important city in Greece.  So once again, go figure.

Figuring is important to the whole advance of Western civilization. Everywhere Greeks and their European progeny went, they were figuring stuff out.

Thus did Western Civilization expand over millenia of time. Along came the Germans, French, Spanish, British, all of them making ever grander plans,  striving to construct their own versions of civilization.

When the Greco-Roman enterprise got to the big Sea at the end of Europe–aka the End of the Earth–its expansion was delayed for a few hundred years. But then along came Cristoforo Columbo and Presto!, Western civilization took a grand leap across the Atlantic Ocean.

Now we Americans know about Boston, New Yawk, Philly, etc etc etc;  and we are intimately familiar with Paul Revere and Grampa George Washington. Why we even know about Charleston and Savannah and all that unreconstructed goings-on down south, but what’s important here is California!

Why?

Because Americans are adventurers. Our forefathers and foremothers hit the ground running after we got off the boat in Baltimore or Ellis Island or wherever it was.

Before you knew it, we were all the way over on the far other edge of the continent, in California, baby!

Or bust! That’s what the Okies said.

And that was, if you think about it, the very end of the Greek frontier. From Athens to Anaheim, westward ho all along the way. That’s all she wrote.

The westward expansion of Greek culture ended at California. It couldn’t go any farther. Why, even when they o’erleaped the wide Pacific, what did they find?

China!

It doesn’t get any older than that–China. No Westward expansion there, although the Brits made a few dents, and of course there was Marx and all that People’s trial and bloody error.

Now We Americans have a saying: as California goes, so goes the nation.

That means that, from the 1849 Gold Rush on, the great exploratory thrust of American ingenuity and creativity originates in place called California.

The land of fruits and nuts.

And broccoli, lettuce, grapes, wine, silicon, integrated circuit chips, beach boys, beach girls, computers, iPhones, movies and pop culture, etc etc etc.

So once all the migrant Europeans got themselves planted on the East Coast back in the 1800s, they built so many cities, and built them so quickly, that before you know it they got overcrowded and pulled up stakes to head West.

Go West, young man, wrote Horace Greeley, about a hundred and fifty years ago.

And very quickly. We developed America from raw earth,  from Schenectady to San Francisco in less than a hundred years, blazing a yankee trail all along the way.

And when we hit up against that great Pacific rim, the grand tide of our exuberance struck a sea wall and then it swayled back the other way: Disney in Paris, McDonald’s in Athens, Kennedy in Berlin!

But now–and my mind misgives some consequence yet hanging in the stars–our grand millenia-old Restatement of Greco-Roman expansionism strikes, back at its ancient nascence, an Athenian rampart.

So I see the next phase of history this way: As Greece goes, so goes the West. And this is what it looks like, according to a pic I recently snapped in Athens:

EarthBraceAgor2

Which is to say, a propped up portal. Where can we go from here?

Glass Chimera

Tappin’ the laptop rap

July 28, 2012

While we nodded, nearly napping, suddenly

There came a tapping, rapping on my laptop door:

 

Let us build a free nation, they said in 1776,

Let us mortar it with liberty; we’ll use this vast continent for bricks.

So then came our great exploration, on horses, on wagons, then on rails,

in a century of expansion, steeped in sweat, and debt, with bundles of tall tales.

‘T’was an age of corn and wheat, a time of tobacco and great toil,

boiling in a cauldron of soil and coal and oil.

On farms and orchards swelled our sweet fruits of sweat labor;

in pastures and ranches our blooms of prosperity’s favor.

Iron horse came a roaring over trestle and prairie

through a land ripe with harvest, rich with mineral and dairy.

 

We were milking the dream, skimming the cream,

moving on muscles and running on steam,

Across the tracks and over the roads, here rode the passengers, there the heavy loads;

extracting the mother lodes, knocking up white picket abodes.

Sodbustin’, soon with internal combustion, we rode, driving cattle and pigs with our pokes,

we volks and them blokes, all manner of folks with their yokes, ever now ‘n then tellin jokes,

we came casting off troubles, heaving the rubbles, and wielding our worn steel shovels,

we went building our houses, our stations and shacks, and nailing up mansions and hovels.

we’re blazin’ trails with ole Dan’l and Davy, eatin’ biscuits and gravy, ‘bibing a wee nip o’ liquor,

through sagebrush the saga and ragtime the raga with bustin’ raw rigor and unlimited vigor.

 

Let us build a rich nation! Let us form companies;

Let us develop, and envelope, opportunities.

We’ll raise capital, and stock it and sell it, until all the shares are sold.

Let us hammer out a Great Northern Railway, on tracks of steel, burning Appalachian coal;

We’ll wrangle our way to the West, dear partner; we’ll wildcat our wells while we roll.

Out of raw earth we summon a Standard Oil, a USSteel, and a B&O;

Across the wide prairies we’ll fence ranches and dairies, with windmills and farms, high and low.

Let’s sign up the hires and string up the wires, tapping Morse signals all the while as we go,

Till we’ve rolled and we’ve tolled and we’ve bought and we’ve sold all the long way to San Francisco.

~~~

Mr. Edison says let’s turn on the light; Mr. Bell says oh yes, and hello

Mr. Morgan proffers finance and wealth, while Mr. Ford cranks up our engines to go.

Summon the lawyers for incorporation, in big divisions, with a company town.

Call Wilbur; tell Orville: let’s drum up some capital, and get this great work off the ground!

Pack me a sack of groceries, will ya, from the corner at the A&P,

and buy us some trinkets and widgets and blinkets from the dime store, or the big new Kresge.

Here in our houses with spouses, in our homes with our loans, we’ll make and we’ll do and we’ll prosper;

now we’ve adorned Lady Liberty with a fashion outfit, and fed her and bled her, and yet we’ve not lost her.

And ‘though the folks in the old country drag us into their wars,

we’ll not lose sight of our stripes, nor dim our bright stars.

 

Let us run our great machines on American dreams!

Drive our Chevys to the levees for beer and ice creams.

Punch us an IBM card and we’ll flip out the bucks, at Kmart and Walmart and Radio Shack.

Bring in this Microsoft, this Apple, this modem and fax. Hey, buy me some Windows and Cracker Jacks.

Truck in the autos; pump in the gas; toss me a loan and float me a boat.

Fling wide the fridge!  Bring me some chips; hook me up with the tube. Where’s the remote?

Sign me up for a card; don’t make it too hard.

Just give me some credit; you won’t need to vet it. Approve my home loan; I’m ready to get it.

You know it don’t matter I’m makin’ half what I used to; I’m presently performing some credit jujitsu.

 

But our great yankee contraption having now been built,

and the boomer consumers all leveraged to the hilt,

the guys down on WallStreet were feeling the pinch.

With fewer and fewer equity opps, they’re no longer a cinch.

Traders squinting for spreads, on margins and bets,

our great growth machine slows, then it sputters and spets.

So let us whip up some synthetic collateralized debt obligations! they said

We’ll bundle those low-grade mortgages in convoluted configurations, and we’ll follow the Fed.

Let’s slice em and dice and twice em and thrice em

to pump up a million, trade up a billion, swap up a trillion, maybe gazillion.

Slap me some MBS, shoot me some CDOs and credit default swaps;

those sub primes are hot, triple-A, so S&P say, too complicated for regulatin’ by SEC cops.

 

So our great American ranches morphed to securitized tranches.

Maybe we shouldn’t have let the big players get in with bank branches.

Was this dot.com trouble– that real estate bubble, our last great Kapital hoorah?

Is this all we got left–this bubblin’ Booyah?

Have we bought for too long on the troughs, have we sold out too short on the peaks?

Are we so severely crippled by our insider leaks?

Have we reached the end of this long leveraging line? With our great capitalist expansion now running out of time?

Has our American Dream Machine run out of steam? Has it sputtered in the gutter  of avaricial schemes?

Say it aint so, entrepreneurial Joe!

Quoth the Trader, “Nevermo.”

 

Now that’s a rap,  on my laptop tap.

Glass Chimera