For an economy to grow and create actual wealth, innovation is a bedrock component in the development of enhanced prosperity. Prosperity is an intriguing concept. Simply making and accumulating money falls short of establishing a successful economic model. This recent report illustrates a prime example. Facebook stock soars, as company briefly passes IBM in market value. “By most measures, Facebook is dwarfed by IBM: With about 7,000 employees, ten-year-old Facebook is on track to garner $12 billion in sales this year. The 103-year-old IBM has more than 400,000 workers and sold almost $100 billion of computer hardware and software in 2013.”
With the centurial commemoration of the Great War, the Timeline of World War I provides a chronological list of facts and occurrences. Contrast such details with a wholly inadequate and sanitized version of the Top 5 Causes of World War 1:
1. Mutual Defense Alliances
5. Immediate Cause: Assassination of Archduke Franz Ferdinand
The belief that calling for and instituting sanctions against Russia is a sound policy, illustrates the economic disconnect of the Obama administration. With the fervor for starting a new cold war, the propaganda machine is working overtime to paint a picture that ignores real economic synergism. Note the conflicting reports regarding the EU. Nine EU countries ready to block economic sanctions against Russia, quotes a diplomatic source to ITAR-TASS:
Gaza has become a slaughter zone for the eradication of Palestinians with the most advanced military technology that Israel posses. In comparison the blaming of Hamas for this latest barrage of rockets, fails to recognize any proposition in the mutual savagery. Depending on one’s view just who is the unlawful belligerent, sympathy and condemnation follows. This eternal struggle will never end peacefully. Debating international law, dissecting historic claims, strategizing military options, analyzing diplomatic intentions, and especially honoring superior doctrine among conflicting religious beliefs is a formula that offers no solutions. Yet, Israel is wedded to an expansionist political objective. Extending settlements prevent any permanent settlement agreement.
The practice of a pure free market is so rare that a plausible argument can be made that a free market economy never existed. However, as the saying goes, Once Upon A Time, economic commerce did reflect a voluntary basis for business transactions. The fortunes of trade rested upon the mutual benefit of all parties, since repeated satisfaction built sustaining economies. Competition was the norm and the quality of goods and services developed that propelled expanding growth and prosperity for the largest numbers of participating producers and consumers. In the corporatist economic model, the goal is to create and protect monopolies, while stamping out any enterprises that challenge the Plutocrat system.
For the last several years, the press on the disastrous North American Union has been off front-page news. Nonetheless, the plans to remove barriers and open up borders keeps chucking along. Those who belief this course is desirable or those who conclude that it is unpreventable because the climate of globalization is overpowering, are subversive collaborators of the NWO or gutless wimps that deserve to be run over by the hordes of barbarians that flood our country.
The global corporatist economy works differently from business transactions at your neighborhood convenience store. Ostensibly, the International Monetary Fund was set up to allow the G20 nations to umpire the ground rules to play nice in macro trade. Platitudes about promoting job growth or third world development are the realm of public relations for the central banks. The impact of the IMF on virtually all countries, vividly seen in every crisis whether real or contrived, always has a political objective that underpins the economic functions. As confidence in national currencies falter, the big sugar daddy loves to intervene, provided they pull the strings.
Is it true that natural born citizens no longer cherish their personal freedom? What about the hordes of immigrant refugees that flock across our borders, do they have a desire to embrace the goals set down by the Founding Fathers or are these principles foreign to their mindset? Freedom is a concept that has many meaning to different peoples. However, the essence of historic and traditional freedom is always consistent with the way the individual is treated by the government that claims jurisdiction over their citizenship. Today, being a legal citizen matter little in a society that refuses to defend its borders and opens the floodgates to aliens who have as much in common with descendants of the original thirteen colonies as a transplant from a different galaxy.
Financial instruments are inventions of gnomes from investment houses and exchanges. There is nothing intrinsic about profitability or guarantee that over time such transactions will be rewarding. Much like the games played at a casino, the baccarat banks that run the betting sport and wheel of fortune, are running the odds in their favor. If only the payoff was similar to the gambling den probability, the consistency of indulgence might be worth the risk. However, the systemic incentivisations within the markets themselves are designed to reflect little of economic proportion to actual trading results. Just look how the financial firms compensate their traders to substantiate that the underlying security of the “so called” investment, which bears little resemblance to quoted pricing.