Archive for February, 2009
Friday, February 20th, 2009
Paradox of Thrift vs. Paradox of Productivity
There is something far more menacing than the paradox of thrift that the United States and other industrial countries of the world are facing and that is something I’ve coined the “Paradox of Productivity.” What is the Paradox of Productivity? Let’s review the definition of productivity: Productivity in economics refers to metrics and measures of [...]
No Comments » - Posted in Observations,Philosophy by RichSlick
Thursday, February 19th, 2009
State Unemployment Benefits And Debit Card Scam
I finally received my unemployment money in a form I didn’t expect. For some reason, I assumed I would be getting a check that I would take to the bank and deposit but instead I got a Visa debit card. It was a bit bewildering but after I thought about it for a few minutes [...]
6 Comments » - Posted in Evil Profits by RichSlick
Wednesday, February 18th, 2009
Home Foreclosures Threaten Stability of Entire Universe
I’m at home watching President Obama talking about how home foreclosures will unravel the entire universe if something is not done about it. The solution: The US Treasury (a.k.a tax payer) will help reduce/pay principal on home mortgages.. Borrowers to receive incentive for keeping mortgage current. Rescuing family who “played by the rules” stuck in [...]
No Comments » - Posted in The Fed by RichSlick
Tuesday, February 17th, 2009
FDIC Wants To Run Casinos and Gas Stations
Talk about total socialization, I ran across this article tonight. Here is an excerpt: In the case of Terrible Herbst and its Reno-area gas stations, officials at the F.D.I.C. considered taking the highly unusual step of applying for a temporary casino license, allowing the agency to operate the gas stations and the electronic games after [...]
1 Comment » - Posted in The Fed,Watch Out by RichSlick
Tuesday, February 17th, 2009
Got My Costco Rebate: $800 And No Way To Fix Housing Mess
I got my Costco rebate check in the mail today and it’s a cool $800 but I won’t be spending much of it as I continue to hoard cash and food while I watch the economic crisis continue to expand like the blob over every facet of American life. I had another philosophical debate with [...]
2 Comments » - Posted in John Galt,Observations by RichSlick
Monday, February 16th, 2009
What’s Up With Missing Apple Jacks?
For the past couple of weeks I have been unable to find Apple Jacks cereal at my grocery store. I went to the store today and not a trace of Apple Jacks cereal or Fruit Loops could be found. The one thing I have noticed are the shelves becoming filled with more generics and store [...]
1 Comment » - Posted in Observations by RichSlick
Friday, February 13th, 2009
What Will American Soldiers in Iraq Do When They Come Home?
Obama has pledged to bring the troops home. I think there are over 100,000 troops there along with another 300,000 support personnel (contractors, security, catering, etc) so the big question is what will these people do when they come home to a deteriorating job market? By law, companies are supposed to keep these guys positions [...]
No Comments » - Posted in Observations by RichSlick
Friday, February 13th, 2009
Innovation, Rip Off or the New Reality?
My kids came home with a flyer advertising “free dress day” at school. Our kids wear uniforms every day and in the past, the school would often have “free dress days” which allows them to wear non-uniform clothing to school. Typically, the “free dress days” were earned through exceptional school work or volunteering for various [...]
2 Comments » - Posted in Observations by RichSlick
Thursday, February 12th, 2009
The Only Viable Solution: Abolish Fed, Issue New Currency
It’s becoming abundantly obvious that even if this stimulus bill passes and is enacted and carried out that it is not really going to help much. At best, the bill will simply postpone the coming mega disaster about 18 months if it even gets to the point of making a difference. Job losses continue to [...]
1 Comment » - Posted in Financial Safety,The Fed by RichSlick
Thursday, February 12th, 2009
All Contracts Will Be Voided: Force Majeure
I’m waiting for the first contract to be officially voided via a force majeure clause because of this economic crisis. Over the years, I don’t think I’ve ever seen a contract that didn’t include a force majeure clause in it. If you don’t know what force majeure is, here’s a wikipedia definition: Force Majeure (French [...]