Today gives me yet another day to gloat about the idiotic college professor I had years ago at Strayer University (yes, avoid this college. It is a waste of time and money). The CEO of Dow Chemical borrowed a page straight out of my economic philosophy and is proving that energy based inflation is a reality, not some idea that deserves a B on my term paper. Dow is going to raise their prices immediately by up to 20%
If you’re asking “Who the hell is Dow? Isn’t that a stock exchange?” Check the back of half the cleaning supplies you have in your house and ask just about every company in America where they receive a good portion of their supplies from! They don’t just make scrubbing bubbles America!
Dow is just the start too. Energy based inflation starts here. Energy prices increase, putting pressure on businesses to either cut profits or slow down. Traditional economist, aka most college professors, will tell you that energy prices will come back down and everyone will be happy. However, in the real world this doesn’t and didn’t happen over the last 10 years. The result is that every company in America (except big energy, and miraculously Walmart) is being squeezed to the brink of no ability to make a profit or even be productive at any level.
There is a solution. It isn’t cheap, but it wouldn’t cost any more than the failed tax rebate of 2008. This solution would provide a long-term solution to the energy crisis in America and heavily stimulate the US economy while building the infrastructure needed.
Where have all those “tax rebates” gone? Hats off to anyone who spends it on anything other than energy.
Not long ago, I wrote a blog about the most idiotic economic political scam of the 2008 election year. Today, I read to stories about our economy that rank up there with the “gas tax vacation”.
The first story was about how the Fed has adjusted it’s estimates for 2008:
- Economic growth of 0.3 – 1.2%, instead of 1.3 – 2%
- Unemployment rate 5.5 – 5.7%, instead of 5.2 – 5.5%
Good thing they are still running those antiquated economic formulas to give us these otherwise worthless numbers. An added bonus is that the Fed also adjusted their inflation estimate upwards.
There really should be no surprise here folks. Bernanke just needs to start reading my blog to get better guidance on economic policy. I’ve written about energy-based inflation before. Of course, I even wrote about it years before that in a paper for an upper division economics course I was taking in college. The professor said it was an unrealistic theory.
Why I keep talking about this college professor is because that is what economists are learning in college (not all colleges, of course). Our economists are morons because they were trained to be morons!
Meanwhile, back in the world of ridiculous economic news for May 21, 2008… The other bit of economic news that really got me chuckling today was the news about the oil executives going before Congress again. How many times are we going to have to watch the same FAKE political interrogation? This is a political SCAM. The oil companies are pulling an Enron. Only, the goal is not to get California to sign a ridiculous long-term energy contract… The goal is to get the United States to open land restrictions in Alaska, the Rocky Mountains, and/or the Pacific Ocean so the oil companies can go drilling for oil. Enron is small potatoes compared to this scam.
I just love Urban Dictionary! Just the other day, I was listening to a radio show on BlogTalkRadio.com, and they were talking about side pieces and the jumpoff. They were using the two terms practically interchangeably, which is incorrect. To be sure, I did a search on Urban Dictionary, and one could argue that they are the same things, but there are very technical differences between a side piece and a side piece.
But this blog isn’t about side pieces or the jumpoff. It’s about another piece of slang that I wasn’t aware of at all until this Sunday. I had the co-founder of Single Tease (no, it’s not a porn site), Tamera Lawrence, on the show talking about her great T-shirts that help break the ice between people. You can listen to a piece of it on Words Cause.
During the interview, she mentioned that the chest area of a woman is referred to as “the region”.
I had no idea!
I asked some women at work if they knew about “the region”, and they were familiar with this term for their chest. I went to Urban Dictionary, and “the region” was only defined as Northwest Indiana. So, I added a new definition for “the region”:
Tasteful female slang for the area of their body containing their boobs
She wore a T-shirt with text printed above The Region
All of humanity needs your help! Check out the page for “the region” on Urban Dictionary and click on the thumbs-up for the new definition! It is currently the third definition listed.
Thanks for your support!
Is Chevron Price Gouging? A friend of mine stopped at a gas station in Goleta, CA, the other day. He was shocked to see what was going on. Students from UCSB mindlessly paying for gas that was priced 53 cents higher than gas stations right down the street. Gas stations that are within visual distance of University Chevron.
With all the ways to communicate (cell phone, txt, Internet) is price gouging really a problem of the company that’s doing it? Or is this a problem with the customers? Anyone who is purchasing gas at this Chevron for 53 cents higher than the station right down the street is wasting my property tax money. My taxes keep their tuition low, and they are just wasting it. The problem isn’t Chevron. The problem is our colleges.
Economists have fascinated me for decades, so much so that I actually when to school for a degree in economics. After years of bogus economic theory after bogus economic theory, I was still in the game. That’s until I predicted that a steady increase in the cost of energy would send the US Economy into an unprecedented type of economic turmoil. I called it Energy Based Inflation in my paper, and subsequently received my first B on a term paper in college.
I even came up with a solution to Energy Based Inflation. Yet, to date, I still see economists following the same failed economic concepts being taught while I was going to school.
Yahoo published an Associated Press article about recent slashing of jobs. The article indicated that a growing number of economists were starting to believe that we were in a recession.
Here is a bit of news to economists: We’ve been in a recession since at least 4th quarter of 2007. The collapse of the financial market is due to the fact that we financed the recession via our properties, equity, and homes. The Federal Reserve resisted the idea of being in a recession during 2007, and took no action to curb the debt spending taking place. By the 4th quarter, there was no longer any equity in our property and the market began collapsing.
At this point, there is very little that the Fed or the Whitehouse can do to turn this situation around quickly. Prices on homes have plunged so much that it has exacerbated the debt situation. Lowering interest rates won’t provide an immediate relief because the prices are too low. It will act more as a tourniquet against the virtual free fall of property value.
If we can fix our economic education system, we can fix the problem long-term. Until we stop teaching the antiquated and failed economic theory of the last 30 years, we’ll repeat the same mistakes.
Politics haven’t exactly had a whole lot of sex appeal. But that’s all changing as Sexy Politics. Enjoy!
Honestly, I hadn’t even heard about Ben Stein’s movie until I saw all the blogs showing up about it. So, I’ve read the blogs and I checked out the preview on the Expelled website. I suspect that one of the scientists who Ben is referring to as getting harassed by the scientific community is one of his friends. If I was in his position with his media connections, I would do the same thing.
Then I got to thinking… The debate between atheists and Christians is semantic. An oversimplified view of evolution is that we evolved from sludge. The Bible states that we were formed from dust. So which is it? Dust or sludge? No matter which side is right, we have more in common than we think. Plus, we’re all here together and we all will have the same ending: death.
Why not spend our time working together? Let’s say, “Hey! Thanks for your contribution to the betterment of society and the world. Thanks for being my partner is making life more enjoyable for generations to come and for helping feed the families of those less fortunate than us. BTW, I believe we came from [sludge]/[dust] (circle one).”
I majored in economics because I thought it was a fascinating subject. Years ago (circa 2003) I was taking an economics class at Strayer University and handed in a paper explaining that our economy was seriously threatened by energy-based inflation. Up until this point in my education, I had received an A on every test and every paper, but this paper on energy-based inflation would the first B grade I received on any economic paper. The professor even mentioned that he was going to give me a C but that I had worded my argument so well that I deserved a B.
His argument was that energy prices generally remain stable and that companies will compensate for any prolonged increase in energy prices. Failing to see the long-term trend towards higher energy consumption was my professor’s largest mistake in the analysis of my paper. He also failed to understand the world demand on supplies of energy. So, alas, I get to say I told you so! 😀
I’ve written a brief explanation of energy-based inflation on Words Cause. The idea is pretty simple. Energy is required at every stage of a product or service, which means that a sustained and rapid increase in the price of energy would severely damage the US economy. Over the last several years, my theory has essentially proven itself to be
correct. Energy prices continue to rise, causing inflationary pressures that the Federal Reserve is powerless to affect.
I’ll digress for a moment to cover the trash talking that politicians like Ron Paul have been spewing forth about the Federal Reserve. Ron Paul has no understanding of monetary policy and is exactly the political reason that the Federal Reserve is in place. Monetary policy should not be governed by the winds of politics.
Meanwhile, back to energy-based inflation… The Federal Reserve can’t do anything about energy-based inflation. Contracting the money supply will only choke the economy (which is what we’ve seen over the last 2 years since Bernanke has been Fed Chairman). Increasing the money supply will quickly be absorbed by a rapid increase in the price of energy (resulting in ripple inflation). Watch what happens with the recent decrease in interest rates.
So what would be the solution? I’ll outline my solution later this week on Words Cause.
People have been telling me that I’ve been gifted with a great voice since I was a young child. I’m not talking about an American Idol kind of voice. I’m talking about speaking. I haven’t delivered a speech in nearly a decade. Outside of the interview of me by Dr. Joe Vitale about my advertising, I haven’t been doing much along the lines of speaking publicly. That was until this weekend…
A friend of mine, Doctor Nat (yes, a blond rocket scientist) has been working with a guy by the name of Scott Evans (he did the movie “Pass it On“) on putting together a workshop for inventors. The idea was to provide attendees with training and information that would take them from thinking about a product/service/business to actually brining it to market. Or if they already had the product… Make it a wild success. They got that and then some!
The weekend was packed. Non-stop, high energy from 9 in the morning to 11 at night the whole weekend. And there was NEVER a dull moment! To give you an idea about what it was like, here is the list of speakers:
Dr. Natalie L. Petouhoff
Jeffrey G. Sheldon
Jared Tracy (me)
That’s a great team of speakers! If you want to walk out of a weekend on fire and with knowledge that can be applied to your business, product, relationships, and life in general, it doesn’t get much better than what you see above!
I must admit that the best part of the entire weekend was when several people came up to me on a break or after the event and told me that what I contributed to them is going to make a significant difference in their business. That’s what it’s all about! And it felt every so great after having not done anything like that for nearly 10 years. I’ve been smiling from ear to ear ever since. I might have even been smiling while I was sleeping on the plane ride back to Los Angeles.
If you spent some time clicking on those names above or ran a Google search on those names, you would see that it is an extraordinary group of people. People who move mountains and make the extraordinary happen every day.
The best news of all… You are just as powerful, moving, inspirational, intelligent, and gifted as any one of the people on that list.
How can that be? Well, it is simple. You were born that way. And that is why all of us really are that great 😀