Market Watch 2016

I took this photo in the mall on New Years Day--yes, the stores were actually open on the holiday.

And Macy's was having a blowout sale with racks and racks of "80% Off Original Price[s]."

We were laughing saying what's next--99% Off and then even 100% off! 

So you think the economy is healthy with fire sales like these on the very first day of the new calendar year--when we still have another 364 days to make our year end sales quotas...

With turbulence around the globe brewing from Iran, Syria, Russia, North Korea, Yemen, Sudan, Nigeria, ISIS, and more...anyone care to say (pending) crisis.

How about commodities--my bet--that are in the toilet (and have been for years now)--do you really think no one needs iron, aluminum, nickel, lead, cooper, potash, oil, gas, coal, diamonds, and gold anymore? 

Then the Wall Street Journal warned again today about the overall investment marketplace, asking "How do you invest when everything is expensive? [at 25 times cyclically adjusted earnings--now that's a fancy term]?

We've been down this road before in the bubble bursts and recessions of 2001 and 2008.

Is now really the time for the Federal Reserve to be raising interest rates (and what a nifty ripple effect that will have in both slowing our economy down and raising our interest payments on our already ballooning $18 trillion national debt)?

Oh, technology to the rescue again and again...it's possible with everything from virtual reality to robotics and artificial intelligence on the cusp...or maybe not this time around. ;-)

(Source Photo: Andy Blumenthal)

Market Watch 2016

Global Chaos But G-d Is On Watch

We are continuing to see the number 613 (a critical number representing G-d's commandments to us in the Torah).

I wrote about this in my post last month (Nov 26).

Yesterday, I randomly looked up at this guy cleaning in front of one of the GW University buildings and there it is...613. 

On Sunday, we stopped for something to eat (see receipt total with the scrambled 613 in it)...$16.38.

The principle of divine intervention in everything we do in our lives is a paramount religious belief, and in Judaism, we learn that not a leaf falls from the tree without it coming from G-d. 

The times we are living in is certainly not normal with terror and war on nearly every horizon (ISIS, Iran, Russia, North Korea, and China to name just a few around the globe), a growing threat from WMD, the economy in shambles, government debt exploding, energy, mining, and other commodities in free-fall, and global warming continuing to heat things up. 

Further, with immense conflict and political dysfunction in how to deal with these challenges, and amazingly little to no resolve to seemingly even address many of them at all, the views and positions are moving toward extremes and the people's emotions seem to range from generalized frustration to genuine fury.

The story isn't over on all these fronts for America or the rest of the world, but I believe even if leadership's heart is hardened and progress seems almost completely stymied in the face of emerging global chaos, G-d is watching and guiding things very closely at this historic time. ;-)

(Source Photos: Andy and Dossy Blumenthal)

Global Chaos But G-d Is On Watch

Top 30 Legacy Of Hope And Change

Over 7 long years, the promise of "hope and change" has given way instead to the disappointment of chaos and dysfunction.

Just some 30 examples off the top of my head...

1) Nuclear IRAN

2) Civil War SYRIA

3) Fragmented IRAQ

4) Taliban resurgent AFGHANISTAN

5) Militarization of SOUTH CHINA SEA

6) Nuclear missile NORTH KOREA

7) Terrorist State ISIS

8) Resurgent aggressive RUSSIA

9) Weaponization of SPACE

10) Streaming crisis of REFUGEES

11) Broken system for IMMIGRATION

12) Sharply rising MURDER RATES

13) Growing and largest PRISON POPULATION

14) Rising RACISM

15) Increasing INEQUALITY

16) Worsening polarization in POLITICS

17) Poor TRANSPARENCY

18) Dysfunction in GOVERNMENT

19) Rising NATIONAL DEBT

20) Crisis in HEALTHCARE

21) Failing system of EDUCATION

22) Stalling INNOVATION

23) Growing insecurity of CYBER 

24) Infringement on PERSONAL PRIVACY

25) Falling participation in LABOR FORCE

26) Slowing ECONOMY

27) Worsening CLIMATE CHANGE

28) Shrinking affiliation with RELIGION

29) Epidemic of SUICIDE AND SUBSTANCE ABUSE

30) Declining HAPPINESS

Now, one of our main hopes has to be genuine change for the better. 

(Source Photo: Andy Blumenthal)

Top 30 Legacy Of Hope And Change

The Unsustainable U.S. Economy

The U.S. National Debt often touted at an enormous $18 trillion is really more than 3 times that amount and closer to a whopping $65 trillion!

That's when you actually count all the unfunded liabilities for civilian and military pensions, retiree healthcare, social security, and medicare.

For each of the 318.9 million people of that United States, it mean $203,826 of debt or for a family of four that's a debt of $815,303.

Put another way, the entire net worth of Americans is $84.9 trillion, but after subtracting the debt of $65 trillion, it drops to just about $20 trillion--coincidentally around the amount of our new debt ceiling.

Moreover, with the richest 1% owning more than 50% of the wealth by 2016 that leave only $10 trillion or $31,675 for each of us--not so hoity toity for 239 years of independence and founding as a nation or all the blood, sweat, and tears we put in every day of our lives.

In terms of our escalating debt, just this last year alone, social security spending went up to $944,143,000,000 or the equivalent of $6,345 for every American with a job. and this is projected to dramatically rise with the retirements of the baby boomers.

Projections are for social security to exhaust its funds by 2035, which could result in across the board 20% or more cuts in benefits of the already meager program where many seniors end up eating cat food.

Additionally, the retirement age already set to go to 67 by 2027 could be forced to go even higher, and social security would likely be curtailed or eliminated entirely above certain income levels.

Is this the financial security and brighter future we are leaving our children and grandchildren?

We can kick the can down the road, but the unsustainability of it all will eventually come back to haunt us. ;-)

(Source Photo: here with attribution to Pictures of Money)

The Unsustainable U.S. Economy

A Feel Good But Deeply Ailing U.S. Economy

Get comfortable with your salary, because it isn't going anywhere positive--payrolls are stagnant!

The Wall Street Journal reports that wages since the recession "have grown slowly, advancing at a pace of about 2% annually" for a total of 12% since 2009.

In contrast, in the 20 years prior to the recession, wages "grew on average better than 3% annually"--that's 50% more increase per year!

Sure some of the increase is now coming in the form of benefits growth, such as time off, subsidized commuting costs, and health insurance premiums, but workers still need to be able to pay their bills. 

For the federal workforce, things have even been worse with pay raises of "just 2% [total] over the last five years" and a proposed 1.3% (with locality pay) for 2016.

Is it surprising then the innovation--one of our greatest strengths--is also drastically slowing in the United States. We are not rewarding risk with reward like we used to--and that changes the whole innovation equation!

Also no surprise then that mergers and acquisition are booming as the key to corporate growth as well as cost-savings through economies of scale are seen as one of the only ways to wring out profit growth in companies bottom lines.

All in all:

- The average household income in the U.S. of $53,657 (as of 2014 census) is actually negative $2,401 or -4.3% since 2005.

- While inflation is up an average of 2.13 over the same 10-year period.

- This leaves the average household more than 6% worse off then they were a decade ago...that's a lot of time to be working and getting negative returns on your investment of time and effort.

Combine this with:

- A stagnant U.S. economy despite near zero interest rates since December 2008.

- Manufacturing down to only 9% of jobs in the U.S. economy

- The country's ongoing spending binge--a national debt that has doubled over 8 years from around $10 trillion to almost $20 trillion by 2017 and interest payments about to take off with rising interest rates.

- Throw in a arms-race with China and Russia and the aging Baby Boomers setting up the economy for dramatic increases in Social Security and Medicare

And the "fun" NOT is only just beginning. ;-)

A Feel Good But Deeply Ailing U.S. Economy

The Times and Events Of Gog And Magog

So I have never ever heard so much talk about doomsday as I am these days. 

Earlier in the year (January 2015) the Doomsday Clock moved up to 3 minutes to midnight--that was a full 2 minute move or 40% advance to the end of times. 

The cited reasons by the Bulletin of Atomic Scientists:

- "Unchecked climate change"

- "Nuclear arms race"

Essentially, these "pose extraordinary and undeniable threats to the continued existence of humanity."

But on a daily level now--

Islamic extremism showing through post 9/11 mounting turmoil and unbelievable terror in the Middle East, including seeming non-ending ISIS brutality, Iran's march towards nuclear weapons and advanced ballistic missiles, the Sunni vs. Shiite war for dominion centering (lately) in Syria, Iraq, and Yemen but with much larger geopolitcal overtones towards a return of a powerful caliphate to challenge the West, fighting between Muslims and Christians in countries like Nigeria, ongoing terror threats to the democratic State of Israel, and a rising tide death, casualties, and refugees.

Russian aggression in multiple countries and regions including Georgia, Ukraine, and Syria, air and naval military incursions and encroachment towards Turkey, the countries in the Baltic Sea region, the Arctic, and even a Russian military satellite parking itself between 2 U.S. satellites yesterday. 

China's militarization including greater military spending on advanced weapons, Island/posts building in the South China Sea, and ongoing threatening overtures toward Taiwan and other neighbors, and cyber warfare conducted against the U.S.government and the private sector. 

Frightening new military capabilities are coming online with advances in weapons of mass destruction--nuclear, chemical, biological, and radiological--colonization and militarization of space, laser weapons, satellite killers, swarms of drones, armies of robots, and cyberwar.

The drumbeat of climate change and environmental deterioration (unsustainable practices of deforestation, overfishing, pollution, and the extinction of countless species) is being felt in changing weather patterns, global warming, glacier meltdown, alternating threats of flooding and drought in various part of the world, major storms and lightening patterns, and an uptick in natural disasters (tsunamis, hurricanes, and tornadoes), and an overall trend towards shortage and conflict. 

An ailing global economy after 2 major recessions in the 21st century so far, booming national debts, stalling economies, slowing innovation, and scarcity of stable, good paying, full time jobs in an outsourcing, short-term, freelance, contractor culture, and automaton and robotization advances. 

Dysfunctional political systems that are bogged down with endless indecision, infighting, bickering, finger-pointing, stalemates, shutdowns, pork barrel spending, catering to special interest groups, short-term wins at the expense of long-term goals, corruption, and a lack of strong capable leadership at the helm. 

An article I read recently from Russian Times, I believe, said how the U.S. teeters just steps from potential collapse by just relatively easy societal interruptions (presumably that they could facilitate) and that with farms/food production far from major metropolitan areas, people hooked on drugs that they could not get supplies for, and other severe disruptions in our critical care needs, we would be in big trouble--the message was clearly watch out, you are extremely vulnerable. 

That these tactic threats and overtures are already being made explicit is not a good sign. Just politicians and countries throwing around their weight or jockeying for position on the world stage--who knows?

But people are frail, countries are vulnerable, budgets are limited, and bad things can and do happen if we are not careful in a world ticking closer to very dangerous times and events.

The coming realization of the prophecy of a devastating world war--of Gog and Magog--is what people are saying to me.  

In conversation about deteriorating world events, my wife innocently asked someone this week--"Can we avoid a major world war?" Their unequivocal response, "No, it's inevitable!" ;-) 

(Source Photo: Andy Blumenthal)

The Times and Events Of Gog And Magog

Keys to The Kingdom

Ah, so good to be given the keys to the kingdom. 

Even if only for a day. 

What to do:

- 1st key - Heal the sick, feed the hungry, raise the downtrodden.

- 2nd key - World peace, for sure. 

- 3rd key - Revitalize our ailing planet and make it sustainable.

- 4th key - Unleash innovation and give everyone a decent living wage to care for themselves and their families. 

- 5th key (the Capstone) - Bring the Messiah and everyone behaves righteously and worships the one true G-d of all.

Uh, and I need one more key to balance the budget and pay off the National Debt. ;-)

(Source Photo: Andy Blumenthal)

Keys to The Kingdom

The Unbelievable Stupidity Of Raising Interest Rates

Interest rates have been near zero since the recession of 2008.

That supposedly to stimulate the economy. 

However, aside from a stock market bubble again, not sure we have a much stimulated economy.

We have a false low on the unemployment rate, while the the true percentage of the labor force working is the lowest in almost 40 years!

Moreover, manufacturing is down almost 40% from the 1979 peak with a loss of over 7.2M jobs. 

Commodities are at firesale prices as demand is sluggish and there is short-term oversupply. 

And innovation is facing a global slowdown. 

So people are out of work, we're not making things, demand is depressing prices, and even ideas are few and far between--not too rosy a picture, regardless of what some politicians may have you believe. 

Let's not forget that we have an over $18 trillion federal debt, and this is projected to grow ever greater as we borrow to fund social entitlements such as social security, medicare, etc. 

In this scenario, why would the Federal Reserve ever want to raise interest rates?

Well, if they don't raise rates, then they can't lower them later again when the economy really stalls out and goes into deep recession. 

Hence, this is seen as a tool for their financial toolkit--and if there are no tools with which to manipulate the economy, then there is no need for a (neutered) Federal Reserve. 

But think for a second what happens when the Fed raises rates, it's going to slow the economy even further than the chug chug chug economy that we are already dealing with. 

Maybe even more important, it will raise the amount of interest payments we must folk over on the trillions of dollars of debt we owe.  

Simply put, when we raise interest rates, we pay more interest on our already astronomically high national debt, and this pushes our national deficit up even higher as we borrow more to pay the interest on the previous debt. 

If you did this with your credit cards, you'd probably be looking at the equivalent of debtor's prison sooner or later. 

Rather than feed the Fed's toolbox with interest rate bumps and drops, why not keep rates low as long as they can stay low, reducing our interest payments, and curtailing our national deficit and debt. 

What about the stock bubble...that's a lesson investors will be learning about in their own good time--it's the stock market, stupid. ;-)

(Source Photo: Andy Blumenthal)

The Unbelievable Stupidity Of Raising Interest Rates

Self-Perpetuating Immigration For All The Wrong Reasons

So this is the prevailing misguided logic by some for more immigration. 

We need immigrants to "reduce the ratio of retirees to workers."

Why? 

Because the birth rate has fallen to below replenishment rates (roughly 2.1 births per women). 

And since our "trust funds" for social security, medicare, pensions, and the like have NOT been been kept in trust, BUT INSTEAD have been squandered on other things...

Therefore, according to this warped thinking we now need a wave of immigrants to come save us--have lots of babies and grow our economy--to pay for what we should be able to, but can't--because of gross mismanagement and corruption with the money that was taken out our payroll all our lives supposedly to care for us in our elder years. 

The wrong reasons for immigration are expressed by Charles Kenny in Bloomberg Businessweek.

- According to Kenny, "More immigration is both the cheapest and most effective response to the challenge of a shrinking, aging population," which he frets is "ominous for pension and health-care costs."

- Kenny's approach to immigrants is that they are not vital and talented human beings, but rather basically baby machines with higher birth rates for population replenishment, as he states, "Although immigrants rapidly adopt the fertility patterns of their new countries, they still tend to produce more children to begin with."

- And he says, because most come over as adults, we have the benefits of the workers "without the expense and delay of rearing...[them as] children."

- Oh, and by the way, Kenny says, "Some newly arrived workers help provide cheap child-care options."

Wow, how biased, cold, and condescending is that!

Not once does Kenny mention or advocate for immigration for any of these truly worthy reasons:

- Shelter from persecution 

- Political asylum

- Promote diversity

- Bring in needed skills, investment, and innovation 

- Rejoin families

And what is the result of bringing in immigrants to pay our way?

Well, we'll need to bring in yet another and another, wave after wave of immigration, because we can't balance of budget and spend rationally, responsibly, and with an eye toward the future--it's self-perpetuating immigration for the sake of deadbeatism. 

Sweet land of liberty is being thrown out for a bunch of economic opportunists who feel we need "immigrants to [come to] the rescue" rather than join together with us in being great in terms of compassion, humanitarianism, and mutual respect. 

(Source Photo: Andy Blumenthal)

Self-Perpetuating Immigration For All The Wrong Reasons

Your Bowling Help Desk At Your Service

This was the sign in the Eisenhower Executive Office Building Bowling Ally that I mentioned in a post yesterday.

[Note: I've removed the phone number so don't try calling.] 

Yeah, I've heard about a help desk for a lot of things, especially for Information Technology, but for bowling???

Thinking about calling a help desk for trouble with bowling [equipment], I couldn't help imaging how this may go and chuckling a little:

"Hello, this is the bowling help desk at your service--what is the nature of your bowling emergency?"

Or

"Press 1 if your bowling shoes are too tight.

Press 2 if you've dropped the bowling ball on your foot.

Press 3 if you've bowled 2 or more gutter balls in a row.

Press 4 if the bowling machine is in a frustratingly stuck position.

Press 5 if you've lost your bowling ball or need a replacement.

Press 6 if you need additional scoring sheets.

Press 7 if you're a lousey bowler and need bumpers to help your game. 

Press 8 if your fingers are caught in the ball and you can't get them out. 

Press 9 if you'd just rather be ice skating or going to the movies. 

Press the # key, if you need to speak to a bowling representative."

Lastly, I wonder if they open a help desk ticket for the bowling challenged and what their response time is. 

Yep, help is only a call away when you've got a bowling problem in the works. 

Now, if only they could fix the highly troubled DC Metro system--there should definitely be a robust help desk for that!  ;-)

(Source Photo: Andy Blumenthal)

Your Bowling Help Desk At Your Service

Seriously Big And Out Of Order

I took this photo in Washington, D.C., and I don't know about you, but I hate when things are out of order.

We count on everything to be in normal working condition, and for life in general to function with at least a modicum of structure, process, and according to basic laws of nature. 

But these days, the world is seriously off-kilter and here are just a few examples:

- Russia, post the Cold War Soviet Union, isn't supposed to do a blitkreig and just take over Crimea and fight an undeclared war in sovereign nation, Ukraine. Additionally, our vital economic partner, China, presumably wouldn't have near unfetterd access to our industrial and government secrets, including the personnel records of the entire Federal workforce. 

- The major world powers comprising the P5+1 normally wouldn't treat Iran deferentially and as a negotiating equal or even more than than that with near open negotiations and crucial concessions, especially when dealing with no less than the proliferation of nuclear weapons of mass destruction. 

- Terrorist organizations such as ISIS, Hezbollah, Hamas, Boko Haram, Al-Qaeda, and more wouldn't be taking over swathes of the Middle-East, Africa, and Asia, and we are not sure what our strategy even is or whether we have one yet. 

- Advanced industrialized nations wouldn't be polluting themselves and the rest of the world towards the environmental catastrophic brink all the while denying that our lifestyle is not sustainable and that global warming even exists. 

- Smart democratized nations wouldn't be living incessantly beyond their means and borrowing themselves into national debt oblivion--from Greece to Spain, Portugal, and Italy, and right here in the United States of America. 

- The Center for Disease Control doesn't handle deadly biological pathogens callously and negligently with the potential for a massive lethal outbreak, while admitting to a serious pattern of safety lapses.

- Medicine isn't just another "business and medical treatments for the sick shouldn't cost $250,000 a year for a regiment of one or two pills a day, medical professionals don't simply extend quantity of life without weighing it's quality, and those in hopeless cases with severe pain and suffering wouldn't be forced to go on "living."

- The richest 1% of the world can't truly hold more than 50% of the world's wealth, live in mega mansions and drive fleets of cars, yachts, and planes, while masses of people are malnourished, diseased, homeless or in substandard living conditions.

No life is not perfect and certainly, even those perfectionists among us wouldn't expect everything is be in 100% working order all the time--things break down, accidents and mistakes occur, and sh*t happens--but when life is getting shamelessly more out of order than in order than we need to be asking ourselves some serious and potentially life-altering questions, like what the heck is going on around here? ;-)

(Source Photo: Andy Blumenthal)

Seriously Big And Out Of Order

Time Runs Out - What Are We To Believe?

Time runs out, but we are still chasing highly elusive goals (just some examples): 

1) Iran - Time runs out on deadline for a nuke deal even after "the framework" was supposedly set three months ago. And as Iran's Supreme Leader and the Iranian Parliament chant death to America, can we really believe that Iran will ever truly give up their pusuit of nuclear weapons of mass destruction (and terrorism) to use on you know who?  

2) Greece - Time runs out on an extension of more Greek bailout funds, and they default on payment to the International Monetary Fund potentially leading to their exit from the Euro and the EU. With a Greek debt of $271 billion, can we really believe they will ever be able to repay this? 

3) Social Security and Medicare - Time is running out on the solvency of our own social entitlement system in the U.S.  For example, the Social Security Disability Trust Fund runs dry already next year in 2016, Medicare is exhausted by 2030 and Social Security by 2033. With just 16 and 19 years of funding left for these major programs that tens of millions depend on, can we really believe that magically we will dig our way out of this mega mess of a financial hole? 

4) Global Warming - Time is running out on cutting carbon emissions leading to global warming and catastrophic climate change. With global warming denial still in vogue and reluctance by the industrial nations to significantly cut back on emissions in time, can we really believe that catastrophic enviornment damage will be averted? 

5) War - Time is runing out as potential for eventual war looms on the horizon with China, says respected DoD Futurist, Peter Singer. With disputes in the South China Sea and with Taiwan, China bulking up on advanced weapons, and the U.S. pivoting to Asia, the fears of a serious confrontation are there. Similarly, with Russia and it's annexation of Crimea and ongoing fighting in eastern Ukraine, threats to it's Balkan neighbors, confrontations on the European borders, and an increasingly nuclear and militant Russia, the Cold War is heating up. The last world war ended 70 years ago, can we really believe that the peace will continue to prevail with powerful adversaries in turbulent and uncertain times? 

Yes, hopes and dreams are important, but real concrete action is too or time will simply run out and then what? ;-)

(Source Photo: Andy Blumenthal) 

Time Runs Out - What Are We To Believe?

The Back To The Future Car

OMG, so cool...the Back To The Future car.

It's the DeLorean sports car on display by Smithsonian Magazine in Washington, D.C.

I love the winged doors that go up, the cool muscle body, and of course being able to time travel. 

The past--I'd like to stroll through the Garden of Eden, witness the splitting of the Red Sea and the giving of Ten Commandments, see Samson bring down the pillars on the Philistines, meet King David and worship at the Holy temple, shake hands with Ben-Gurion, and talk with and hug my parents and grandparents again.

For the future...its got to include space travel to other worlds, the eradication of disease and hunger (and by the way the national debt too), and the coolest technology to do everything. ;-)

(Source Photo: Minna Blumenthal)

The Back To The Future Car

A Political Teddy Bear

Thought this was an awesome photograph.

Taken on the Washington, D.C. Mall...

You can see the Capitol of the United States in the background.

The gate is surrounding the construction being done.

On the fence is a Teddy Bear--representing so many of our national challenges--sort of just hanging there helpless.

This political bear looks like he's clutching for dear life, but unfortunately he is left hung out to dry as we just keep chugging away...but where is the real progress? 

- ISIS and radical Islam is still growing stronger.

- Iran continues building toward a nuclear WMD.

- China and Russia are "becoming [ever more] aggressive as they perceive U.S. pulling back."

- North Korea achieves capability for a "nuclear ICMB."

- Cyber insecurity is a "real and growing threat."

- There is a growing danger of a catastrophic EMP attack with a "staggering human cost."

- Immigration crisis remains in "limbo."

- Economic growth is "grinding to a halt."

- National deficit is "projected to skyrocket over next decade." 

- American economic competitiveness is in ongoing "slow decay."

- U.S. education "still lagging" significantly in science and mathematics. 

- Life expectancy in U.S. ranks 26th, "right behind Slovenia."

This doesn't mean that good things aren't continuing to happen especially with innovation despite all the gridlock...there is the Apple Watch (ok, the jury is still out on that one too).

Why don't we let the bear down gently please. ;-)

(Source Photo: Minna Blumenthal)

A Political Teddy Bear

Poli-trick-ians, No Way!

So periodically, I like to take a quick pulse of America.

So I find a way to ask someone(s) what they are seeing and experiencing, and what they think about what's going on in Washington, D.C.

So this time, I asked someone about whether they watched the State Of The Union this week. 

The answer?

No way!

Why not?

They said (as if they heard this little mnemonic from others before), "because, they are all 'POLI-TRICK-IANS!'"

I said, well that's cute, but what do you mean?

This is what they said (paraphrasing):

- They don't speak the truth.

- They just say what they think people want to hear. 

- It's all just fighting between the (political) parties. 

- It's not really about the people. 

- It's not about making a difference, anymore [just about being in and keeping power].

Wow, this was pretty powerful. 

I could sense the anger and frustration. 

Also, the disillusionment. 

Checking in on the ratings, this seemed to jive with CNN (and other news media) saying, "State of the Union was President's Lowest-Rated Yet."

According to Nielsen only 31.7 million people tuned in...that's out of a current U.S. population of 324 million!

On the positive side, the number of tweets was way up to 2.6 million during the hour-long address--how sweet those tweets.

Seriously though, we are here to serve the people...how do we get back their respect?

I suspect that the answer revolves around the following:

- We need to turn from fighting each other to fighting our real enemies like the threat from Islamist Terrorism and Weapons of Mass Destruction. 

- We need to break the gridlock and get something done (lot's of things done)!

- We need to stop the political cliches and talk from the heart to the heart. 

- We need to stop thinking about ourselves and focus on the people--all the people (not the middle-class versus the rich, not main street from wall street, not the color or race that you are or aren't)!

- We need to tackle the many big problems we are facing--the national debt, national defense (including cybersecurity), environmental sustainability, raising the level of housing, food, medical care, and education for all, and of course, everything technology and innovation!

We need to go from a perception of poli-trick-ians to genuine representatives and leaders of the people for the people. ;-)

(Source Photo: Andy Blumenthal)

Poli-trick-ians, No Way!

Superhero Socks

Thought these socks were pretty cool.

POW!
WHAM!
ZAAP!
KAPOW!
SPLAT!

We are living in an age with potential for great upheaval whether from terrorism and weapons of mass destruction, bigotry and social inequality, national debts and unpaid social entitlements, poverty and pandemics, global warming and environmentally unsustainable practices, and the clash of Western and Eastern civilizations. 

Thank G-d for advances in technology and innovation to help address these huge challenges of our time. 

However, whoever is portraying everything as all rosy or telling you to just be optimistic and all will be well--they're feeding you a bunch of you know what!

We need a superhero/Messiah leader to come help us save the day and these socks would be perfect for their arrival. ;-)

(Source Photo: Andy Blumenthal)

Superhero Socks

Mars On A Dime

So no one can seem to believe that India made it into orbit around Mars for just $74M.  

According to the Wall Street Journal that compares with $671M that it cost NASA (which arrived just 3 days earlier than India's) and the European Space Agency's mission that cost $386M in 2003,

But aside from the Indian's being able to achieve a Mars mission at a tenth the cost of what we did, BBC reported that they also did it $26M cheaper than even the cost of the science fiction movie Gravity with Sandra Bullock about the International Space Station. 

While we clearly go the extra mile and are able to do great things--why does it always cost us so much to get there?

Perhaps, you can say that we are somehow more diligent or careful in our work (i.e. putting a premium on safety) or that it's just the higher cost of labor in this country or that we are early innovators and incur the costs of research and development that others than leverage. 

However, even though we are considered a very wealthy nation, it is fair to ask whether we are managing our wealth with discretion and an eye to the future or do we just take it for granted and are wasteful with it?

With a $3.9 trillion federal government budget (note, this is a full 21% of the entire U.S. economy/GDP), we are talking about some serious money, and we should be getting the most for it.

Unfortunately, the gravy train extends from certain "Beltway Bandit" contractors--e.g. remember the $640 toilet seats, $7,600 coffee makers, and $436 hammers uncovered by the Project on Government Oversight--and apparently all the way to mission Mars. ;-)

(Source Photo: Andy Blumenthal)

Mars On A Dime

Big Bike, Little Bell

This photo that I took stuck in my mind for Independence Day tomorrow. 

We are a great nation of 50 states founded in freedom, ruled by democracy, and driven by human rights for everyone. 

Yet in many ways, we have been squandering our national strengths:

- Spending it forward (living as a nation in debt) and creating yet another bubble economy driven by low interest rates (hence another Dow record today of over 17000) with still the lowest workforce participation in over 36 years and 92 million Americans not working!

- Stretching our military muscle in over 10 years of hapless wars in Iraq and Afghanistan, and now we are war weary and in proverbial retreat across the Middle East, in Crimea and eastern Ukraine, and with Iran and North Korea).

- Partisan politics freezing our government with the Executive Branch saying they will go it alone on everything from immigration reform to fixing highways and Congress threatening to sue for various claims of abuse of power.

Like this Photo, this country is in danger of becoming a big bicycle with a lot of potential to move things forward, but with a very small bell barely audible with anything of significance to our citizens at home, let alone everyone else in the world. 

We have the ability to continue our path of greatness in building our country's economy, military, and social systems, as well as steering the world toward peace, prosperity, and freedom. However, to do this, we must be able to ring the bell of Independence loudly, with leadership, confidence, and a determination for genuine progress for a union greater than ever before. 

(Source Photo: Andy Blumenthal)

Big Bike, Little Bell

Money, It's Something

Just an observation today about there being so much poverty in the Nation's capital and around the country. 

Homeless, hungry, and sick people on the streets in one of the richest countries in the world. 

Yet, we have trillions going overseas to fight wars with seemingly little to no tangible benefits.

And so much ostensible waste with pork barrel politics, inefficiencies, and failed projects. 

A relative joked with me the other day saying, "It doesn't matter if you're rich or poor as long as you have money!"

Here we borrow money ($17.6 trillion ) and print money and the Federal Reserve buys debt ($4.1 trillion ) to keep interest rates low and the economy churning.  

People from real estate mogul, Donald Trump to Economist, Robert Wiedemer, who predicted the last recession, are warning of dire economic consequences because of these short-sighted policies. 

So do we have real money to continue to burn or is it smoke and mirrors and as Wiedemer says, "the medicine will become the poison"--what do you think?

(Source Photo: Andy Blumenthal)

Money, It's Something