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Showing posts with label money. Show all posts
Showing posts with label money. Show all posts
Wednesday, February 19, 2020
"Group Think" for the Machine
"I'm sure there's a good reason we are all standing here looking at the gate, but I can't for the life of me figure out what it might be!"
That's what I thought when I saw this picture from a few years ago -- that's what's going through at least one of those cow's heads -- or, it would if they could reason. It brought to mind "group think."
We all know about "group think." It happens when a bunch get together and someone makes a suggestion. The next thing you know, everyone is "piling on" to the idea and it gains a life of its own. Politicians exploit that tendency. They, or some political operative, plant suggestions and "suddenly" everyone agrees! Some examples are "meatless Monday," "taco Tuesday," "Epstein killed himself" -- which, by-the-way, I doubt very seriously (did you catch how I inverted that last one?).
It is easier to follow a suggestion than it is to think independently. We are lazy. We are trained to "group think" -- it's called public education. We are indoctrinated from our earliest years to think and behave as part of a group. We stand at the gate and wait for the government to "give" us benefits which came out of what they extracted from us already in the form of taxes. In spite of the rhetoric -- especially from one political party which is quickly morphing into socialism -- the wealthy will never pay "their fair share" of taxes. It is the poor and middle class which carry the tax burden and it is the wealthy who gain the largest benefit -- especially the subset of the wealthy who claim to be the salvation of the poor and downtrodden.
The whole impeachment debacle almost exposed what is really a "cash cow" for politicians -- foreign aid. Much of it is funneled through NGO's (non-government organizations) that are supposedly established for charitable purposes. More of it is sent directly to foreign governments that are filled with corrupt politicians (yes, even more corrupt than our own) who find creative ways to funnel it into their personal bank accounts -- such as state-owned businesses. Both methods frequently have plenty of siphons stuck in that lead right back to family members, "non-profit" foundations or, corporations owned or, controlled by the very politicians that authorized the aid in the first place.
Most folks that lead normal lives which include a job and a paycheck don't realize how much money is actually flowing around this planet. The amounts are astounding. There is so much money lying around Europe right now that the banks charge customers to hold their deposits. Yes, that is correct. It's not just an issue of low interest rates on savings over there, it's a case of the banks charging customers to keep their money. Oh, yeah, it's in the hands of that top 1% than controls the bulk of the wealth. The politicians around the globe are quite familiar with that crowd and work closely with them to make sure they get a piece of that wealth for "protecting" it from unfriendly laws while fleecing the citizen taxpayers of their countries in the process.
Yep, I'm making lots of accusations here and not really offering any proof. If I had the proof and could lay it out I'd probably end up like Epstein. I'm not too excited about that prospect. My point is simply this, don't follow the sheep (or, cows) through the gate. It might just be the loading ramp to the truck on its way to the harvest. The politicians own and operate the plant in a very efficient manner. They are the only ones who will profit from the transaction -- oh, and their very wealthy buddies.
There is a difference between the two political parties in spite of the fact that both have similar goals in mind; the elephants give you a chance to earn your way into the club, but the donkeys just want you to wear chains and pull the plow. I'd rather have a chance -- no matter how small.
Labels:
corruption,
money,
politics,
wealth
Monday, December 10, 2018
Checkbooks and a Gold Standard
I grew up "old school" when it comes to managing your checking account. I balance everything to the penny. I learned how to reconcile my bank statement against my check ledger when my first account was opened. It was very important when the money never seemed to go as far as the needs and you had the issue of "float" to deal with.
Today, it seems many people don't worry about balancing their check register or reconciling it against their bank statement. They just look online to see what they currently have available at any given moment. Their paycheck is deposited electronically and most of their payments are handled electronically. Checks are something to be avoided and what isn't automated is handled with plastic -- either by debit or credit card.
I know such ways of doing business are time saving and convenient, but I haven't adopted them for the most part. We do use a credit card for most purchases, but it is because we get "points" by doing so that can then be used in exchange for other things. Our preferred is with Cabela's/Bass Pro. With the credit card purchases, though, we save every receipt and reconcile them against the statement when it comes in. We don't carry a balance on the card because interest on consumer items makes no sense at all. For other purchases we write a check, record it in the ledger and reconcile it against the monthly statement.
Occasionally there is a surprise. Occasionally a number is transposed or recorded incorrectly and the balance has to be corrected after reconciliation. A worse surprise to me are the items like an auto-renewal on the anti-virus subscription for our computers. It happens annually and isn't like a regular monthly item that you know to expect. At least they e-mail you a receipt.
Banking has changed a lot in the past few years. Almost everything is done electronically. Even checks are turned into electronic images. Trade between businesses is done electronically as is transfer of funds between countries.
Once upon a few centuries ago, it was a matter of lugging around bags of gold and silver coins. In the case of large transactions, it might require a chest or two. Eventually that became paper which represented the gold and silver. Now the paper represents something more nebulous -- it represents a theoretical value established by the marketplace.
The U.S. Gross Domestic Product -- the value of annual goods and services produced by this country in 2018 is expected to be $19.4 Trillion. There has only been $7.5 Trillion worth of gold mined in the history of the world at the current price of $1,250/ounce. It's a good thing we aren't still trading in gold coins.
Today, it seems many people don't worry about balancing their check register or reconciling it against their bank statement. They just look online to see what they currently have available at any given moment. Their paycheck is deposited electronically and most of their payments are handled electronically. Checks are something to be avoided and what isn't automated is handled with plastic -- either by debit or credit card.
I know such ways of doing business are time saving and convenient, but I haven't adopted them for the most part. We do use a credit card for most purchases, but it is because we get "points" by doing so that can then be used in exchange for other things. Our preferred is with Cabela's/Bass Pro. With the credit card purchases, though, we save every receipt and reconcile them against the statement when it comes in. We don't carry a balance on the card because interest on consumer items makes no sense at all. For other purchases we write a check, record it in the ledger and reconcile it against the monthly statement.
Occasionally there is a surprise. Occasionally a number is transposed or recorded incorrectly and the balance has to be corrected after reconciliation. A worse surprise to me are the items like an auto-renewal on the anti-virus subscription for our computers. It happens annually and isn't like a regular monthly item that you know to expect. At least they e-mail you a receipt.
Banking has changed a lot in the past few years. Almost everything is done electronically. Even checks are turned into electronic images. Trade between businesses is done electronically as is transfer of funds between countries.
Once upon a few centuries ago, it was a matter of lugging around bags of gold and silver coins. In the case of large transactions, it might require a chest or two. Eventually that became paper which represented the gold and silver. Now the paper represents something more nebulous -- it represents a theoretical value established by the marketplace.
The U.S. Gross Domestic Product -- the value of annual goods and services produced by this country in 2018 is expected to be $19.4 Trillion. There has only been $7.5 Trillion worth of gold mined in the history of the world at the current price of $1,250/ounce. It's a good thing we aren't still trading in gold coins.
Labels:
common sense,
economics,
money
Thursday, October 30, 2008
Fiscal Issues Week Focus of Senator Cornyn
With the current economic turmoil faced by our nation being prominent in the news, U.S. Senator John Cornyn has focused his website on fiscal issues for our nation. I am privileged to have a guest post on the Senator's site which can be viewed here. I appreciate the Senator's efforts to bring these vital issues to the public's attention during this election season. He has been a strong advocate for fiscal conservatism and I believe will continue to bring that message to the Senate as we send him back for a second term. Thank you Senator for your efforts!
Friday, April 27, 2007
Political Grease
It seems that almost everyone
Here in the blogging world
Is focused on the candidates
And what they stand for.
The trouble that I see is
They don't stand for anything
Except getting themselves elected
And spending other people's money.
And if they are elected
They'll keep on spending
Other people's money.
You'd think the folks with money
Would put a stop to it
'Cause everybody knows
When all is said and done
There won't be any money left
In the hands of the people
That earned it. And anymore
It doesn't seem to matter
Which party the candidate belongs to.
Here in the blogging world
Is focused on the candidates
And what they stand for.
The trouble that I see is
They don't stand for anything
Except getting themselves elected
And spending other people's money.
And if they are elected
They'll keep on spending
Other people's money.
You'd think the folks with money
Would put a stop to it
'Cause everybody knows
When all is said and done
There won't be any money left
In the hands of the people
That earned it. And anymore
It doesn't seem to matter
Which party the candidate belongs to.
Labels:
candidates,
election,
money,
politics
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