Archive for the ‘School’ Category
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.
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.
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.
It is Fall 2005. I’ve been teaching swing dance with Denise Gibson at Moorpark College for a couple of semester. We both love West Coast Swing. We’ve been taking lessons from the world famous Sonny Watson, and we’d both love to bring it more exposure in the college community.
We start teaching beginning West Coast Swing to a beginning ballroom class. Now, for those of you who know anything about West Coast Swing, it is not as easy or simple as some of the other forms of swing. When it is done right, West Coast Swing is the coolest looking dance on the planet. Period.
West Coast Swing, however, is not an easy dance to learn. Nor is it an easy dance to teach, let alone to beginners. Denise and I are doing our best to prepare the students at Moorpark for a 6 week master class in West Coast Swing with Sonny Watson. When Sonny arrives, the students are excited! They are doing a great job. They are struggling but making excellent progress!
Next thing you know, the six weeks are over, Sonny is finished, and the beginning dancers now have 8 weeks to prepare for the dance concert at the end of the semester! Here is the result:
Remember! These are all beginning dancers. Some of these people have never danced a day in their life before this class. Some, this is their very first partnered dance class. For all but a handful, this is the first time they ever heard of West Coast Swing Dance. One semester! Look how clean they are. I’m so proud of how well they all did 😀
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I’m a lover of Swing Dance. My first love was Lindy, but West Coast has really stolen my heart. However, I will never forget some of the great memories I’ve had with Lindy. My first dance teacher, Denise Gibson, has gotten hip with the times. She’s posting videos of some of the dances she’s put together over the year on youtube.
About 9 months prior to the release of The Pink Panter starring Steve Martin, the Moorpark College Swing Dance Club performed a routine to the Pink Panther Theme. Denise and I choreographed the piece together, and it is one of my favorite pieces I ever did with the MCSDC.
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I’m not sure what was in the air around teachers during the early part of 1994. During the same time as the letter below (1994), I had a teacher argue with me over whether one private citizen could sue another private citizen for violating his “civil rights”. The evening after I argued with my teacher in front of the class, I spoke with my father regarding this subject.
My father was going to the law library that evening anyway, so he took a little extra time to find me the exact law regarding this particular subject. Clearly stated in the letter of the law was the term “color of state“. This term essentially means that civil rights violations apply to the state and local government and government agencies, not an average citizen like you or me.
I brought in the copy of the law that my father had made for me and handed it to my teacher. He apologized in front of everyone and then thanked me for taking the initiative to follow through on the pursuit of education.
Well, this wasn’t the case with the teacher at some school in some town, who knows where? Just take a look at this letter posted on entensity.
I had to do a double take when I read this. WHAT!?! My favorite part is the second to last paragraph:
Although he was correct, Alex’s actions show a blatant disregard for authority, and a complete lack of respect for his school. In the future, Alex would be better off simply accepting my teachings without resistance.
Honestly, this is impressive. I give this teacher the honorary 1994 lame a$$ of the year award. Thank gawd for kids like Alex. Thank gawd that there are people who are not willing to just listen to an arrogant teacher who believes that we should simply accept his/her “teachings without resistance.” Thank gawd that we have people who are willing to stand up to authority figures who are clearly in the wrong.
While this is a rather trivial issue (especially since the great metric takeover never took place), it is an excellent example of the arrogance of some teachers. By no means am I suggesting that all teachers are like this. As my example from my own schooling shows, there are teachers who are willing to support the pursuit of education rather than their own ego and control issues.
Damn! Now I need to go find my inner peace. This kind of stuff really gets me riled up. I hope Alex’s teachers brought this letter to the principal’s attention. If that didn’t work, I hope they brought it to the super intendant’s attention. If that didn’t work, I hope they brought it to the state board of education. If that didn’t work, I hope they stated civil unrest in whatever town they were in! Alright, I think I’ve vented enough. My inner fields of daisies have been found. 😀
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