Hi,
The word Economics either turns people off or scares them off because it sounds DULL, DULL, DULL!!!!!!! Or DIFFICULT. -------------------------------------------------------------------------------------------------IT'S REALLY NOT EITHER ONE!!
ECONOMICS IN 80 blogs SHOULD PROVE IT IS the subject of our LIVES AND LIVING. It includes finances and politics as well as the information on our daily lives and needs. The Web is proof of how much the subject now encompasses. If you google economics, you'll find that the information on the site is mind boggling in its variety.
Of course, money makes the world revolve. It doesn't necessarily provide happiness, contentment, love or sometimes even fame but it does make the wheels roll. Especially those car wheels these days!!!!!!!!!! So, first and foremost, Economics talks about finance and that always includes power based entities like politics, corporations, entertainment etc. etc. All of the industries we rely on become part of our daily lives and economics.
Even our conversation includes the ideas. How ECONOMICAL WAS IT TO SHOP AT XYZ TODAY OR WOULD IT BE MORE ECONOMICAL TO GO TO BFZ???????????
OBVIOUSLY, the existence of Economics in your budget is clear as things go up and down and factors affect it such as the oil companies' gasoline prices. Pricing affects your budget both positively (price warfare on products in the computer field) or negatively (increases in food staples). Economics is controlled by spending or non-spending by the consumer. We all know that PROFIT IS IMPORTANT TO COMPANIES BECAUSE IT IS USED to pay salaries, build greater products, expand facilities, and dozens of other hidden expenses.
The big question lately seems to be why do some EXECUTIVES achieve such high and disproportionate salaries???? The EASY ANSWER is that ECONOMICALLY THEY EITHER PROVIDE THE COMPANY WITH BUDGET SAVINGS OR EARN THE COMPANY BIG BUCKS IN NEW BUSINESS OR BUSINESS ENTERPRISES!!!!!!!
UNFORTUNATELY, I HATE TO MENTION THIS BUT THEY ARE ALSO SMARTER THAN YOU AND THIS BLOGGER. THEY NEVER FOUND ECONOMICS BORING OR FELT INTIMIDATED BY IT!!!!!!!! In fact the opposite is true. They found ECONOMICS CHALLENGING and EXCITING and therein lies the tale. (The tail that wags this subject!!!!!)
These HIGHLY PAID EXECUTIVES FIND the RESPONSIBILITY of ECONOMICS both exciting and stimulating. They love CUTTING EXPENSES AND PROVIDING A GOOD OR BETTER PRODUCT!!!!!!!!! THEY LOVE finding new ways to improve and expand. AND BEYOND ALL ELSE THEY LOVE TO MAKE MONEY FOR THE COMPANIES THEY WORK WITH AND FOR THEMSELVES. They love it because to a highly paid EXECUTIVE, it is THE "GAME" NOT THE MONEY THAT MOTIVATES THEM!!!!!!!! It is FOOTBALL, SOCCER, BASKETBALL, HOCKEY, BASEBALL ALL ROLLED INTO ONE and the object is WINNING!!!!!!!!
IT'S in their genes (and goes into their jeans pockets)--just pure and simple WINNING!!! Those WINNERS are worth thousands of times their weight in gold to any industry. You may not like it but although you are possibly worth what you are being paid (OR MORE) and work hard for your living, these potentates accomplish more every day IN PROFIT FOR THE CORPORATION than you may in ten years!!!!!!! That same Corporation may affect your well-being such as the food industry, the car industry, the clothing industry etc.etc. YOU WANT HIM TO DO A GOOD JOB TOO!!!!!!!!!!!
TOO BAD OUR REAL HEROES AREN'T LAUDED LIKE OUR BALL PLAYERS. Because MANY OF THESE CORPORATE men and women, include all the CREATIVE THINKING PIONEERS WHO affect our lives daily, and are HEROES just like our sports heroes while our society ignores their achievements because THEY GET PAID BARRELS OF MONEY FOR DOING WHAT THEY DO!!!!! HEY!!!!!!!SO DO OUR SPORTS' STARS!!!!!
FOOTBALL, BASEBALL, BASKETBALL PLAYERS ETC. ETC. ARE NOT OFTEN DENIGRATED because of high pay. People understand it takes REAL TALENT TO WIN. We applaud them for their WINNING SPIRIT. We PRAISE THEM for their EXPERTISE and the GREAT game PLAYS THAT PUTS A TEAM IN NUMBER ONE POSITION IN A LEAGUE.
Okay. So how is that different from the EXECUTIVE?????????? Well, HE DOESN'T ENTERTAIN YOU FOR STARTERS. He just makes it possible that a certain corporation stays in business so you can buy what you need. You don't view his efforts on the boob toob like sports. You only feel them at the market place and the Executive DOESN'T HAVE A HOUSEHOLD NAME UNTIL.........HE EARNS A LOT OF MONEY!!!!!!!!!!! And then in all likelihood you may say: SHAME ON HIM GETTING ALL THAT MONEY FOR "WINNING THE GAME"!!!!!!!!!!!!!
RIGHT...HOW ABOUT THE "GENIUS" THEY HIRED THAT PUTS THE CORPORATION INTO BANKRUPTCY BECAUSE PROFIT FAILED???? IT'S A BAD JUDGEMENT CALL ON THE PART OF THE BOARD OF DIRECTORS, who actually own the right to select personnel. AND THE CONTRACT WITH "GENIUS" IS MADE BEFORE EMPLOYMENT AND LEGALLY BINDING. If he indeed runs it into the ground, there's no money to collect unless he shrewdly leaves just before!!!!! HEY, WHEN DID WE START BELIEVING IN THE MAGIC OF GUARANTEES. LIFE COMES WITHOUT A GUARANTEE--HAVE YOU NOTICED!!!!!!!!! How about that STAR QUARTERBACK the team paid a fortune to get who doesn't STAR???????????
All this nonsense by a group of "know-nothings" who have LIKELY been told to be all STEAMED UP ABOUT WALL STREET is just so much BS. The last blog pointed out that citizens are the consumers--WALL STREET IS US. WE CONSUME WHAT THE CORPORATIONS AND COMPANIES ON WALL STREET MAKE. You don't want to BUY their product and have them pay their EXECUTIVES HIGH SALARIES TO ENCOURAGE YOU TO DO SO??????? DON'T!!!!!! Then they will no longer be able to be a part of the stock market, BECAUSE THEY'LL GO BELLY UP. YOU CONTROL THEIR SUCCESS AND THEY KNOW IT EVEN IF YOU DON'T!!!!!!!!!!! SO...... THEY NEED THEIR EXECUTIVES to make you want to buy their goods so they can avoid BEING DEAD IN THE WATER.
THAT'S ECONOMICS---FOLKS. AND THAT EXISTS WHETHER IT IS RUN BY A FREE MARKET AND PRIVATE ENTERPRISE OR A COMMUNIST ONE CONTROLLED BY CENTRAL GOVERNMENT!!!!!!!!! IT'S THE NAME OF THE GAME.
DID YOU KNOW THAT THE CHINESE COMMUNISTS HAVE ESTABLISHED THEIR OWN "WALL STREET" TYPE STOCK MARKET????????WHY?????? Because the Government supported business programs COULD NOT COMPETE WITH THE FREE MARKET!!!
THE DIFFERENCE IS IN TECHNIQUE. FREE ENTERPRISE OPERATES ON ITS OWN MONEY AND CITIZENS MAINTAIN CONTROL. COMMUNIST ENTERPRISE WORKS ON GOVERNMENT CONTROL AND CITIZEN'S MONEY WHICH IS DEMANDED WITH NO CONTROL!!!!!!!
SO, HOW ABOUT WE STOP LOOKING FOR EASY TARGETS!!!!!!!! STOP TRYING TO JUSTIFY OUR MISTAKES AND LOOKING FOR SOMEONE TO BLAME!!!!!!! STOP CONDEMNING BUSINESS GENIUS when they make our lives comfortable, safe, and entertaining.
WHO CONDEMNS DISNEY FOR providing kids with unlimited fun (OTHER THAN DISGRUNTLED ADULTS)?????????THERE WAS AN EXECUTIVE GENIUS CALLED WALT DISNEY AT THE HEAD OF THAT!!!!!!! WHO condemned STEVE JOBS (is getting some well deserved attention but he had to die to earn it!) WHEN HE MADE A FORTUNE PROVIDING ALTERNATE HOME COMPUTING ABILITY?????????? A software CORPORATION HAD AN EXECUTIVE GENIUS BILL GATES AT THE HEAD who provided the means for an ordinary, untrained person to operate the computer systems. Who condemns BRINKS armored cars for protecting citizens assets at banks. PERRY BRINK IN CHICAGO TOOK AN ARMORED LIMOUSINE SERVICE AND TURNED IT INTO BRINKS ARMORED CARS!!!!!!!! Bet you didn't even know there was a PERRY BRINKS IN CHICAGO IN 1859!!!!!!
THESE EXECUTIVE GENIUSES go unheralded but they are the ones who make daily life easier and more bearable. THESE ARE THE REAL HEROES OF CIVILIAN LIFE!!!!!!
Hearing the complaints about the MORTGAGE LENDING FIASCO MADE POSSIBLE BY GOVERNMENT CONTROLLED FANNIE MAE AND FREDDIE MAC IS POIGNANT BECAUSE PEOPLE LOST THE AMERICAN DREAM--THEIR HOME. And they feel cheated out of something treasured!!!!!!!BUT THE GOVERNMENT HAD NO EXECUTIVE GENIUS AT THE HEAD OF THOSE LENDING INSTITUTIONS!!!!!!!!!!
IN PAST DECADES BANK OFFICIALS were considered mean curmudgeons, who believed you should HAVE MONEY TO BORROW MONEY BECAUSE THEY DID NOT WANT THE PRIVATE BANKS IN THEIR CHARGE TO FAIL!!!!!!!!!! CURRENTLY the people hired to do a job in branch settings, (unlike previous decades that had NO subsidiaries) are not hired to foretell problems but simply follow procedure from the HEAD OFFICE. RARELY IS SOMEONE NOW EMPLOYED IN BANKS TO WARN OF THE DANGERS OF IMMODERATE RISK TAKING IN MORTGAGE LOANS OR any OTHER VENTURES. The rules of banking changed drastically and the failures in the Seventies warned of looser regulations upsetting the "apple-cart". WERE YOU LISTENING??????? TOO YOUNG???? DID YOU READ ABOUT IT????? HISTORY IS NOT DULL IF YOU SEE THE PATTERNS THAT CAN PROTECT YOU.
IF YOU CAN'T AFFORD IT--YOU CAN BUY IT BUT YOU CAN'T EXPECT TO KEEP IT!!!!!!!!THAT'S THE NAME OF YOUR GAME, BABY, SO SUCK IT UP.
IT WAS A BIG MISTAKE LISTENING TO PEOPLE WHO WEREN'T QUALIFIED TO HELP!!!!!!!!! DO your homework-that's what they taught in school. Look up everything, get all the facts, weigh all the pros and cons, and even then recognise that INVESTMENT (AND A HOME IS THE BIGGEST INVESTMENT THE AVERAGE "JOE"/"JOAN" MAKES)EVEN WELL INVESTIGATED IS RISKY--RISKY--RISKY!!!!!!!!! A MORTGAGE IS CONSIDERED A SECURE INVESTMENT BASED ON A GOOD AND PAYABLE MORTGAGE LOAN!!!!!!!!!!!!! PAY YOUR BILLS AND REAP THE REWARD of secure investment. Can't make the payments--LOSE OUT--NO OTHER OPTIONS IN INVESTMENT!!!!!!!!
Let's take a look at this place called Wall Street. It's based on BROKERAGE HOUSES. A BROKERAGE HOUSE IS A SALES PLACE!!!!!!!! IT'S THE DEPARTMENT STORE OF STOCKS. THEY PUT THE PRODUCTS AT HAND AND HELP YOU PICK OUT WHAT WILL EARN THE MOST MONEY OR PROVIDE THE MOST SECURITY. The TICKER TAPE (NOW SEEN ON TV) is a running commercial that proffers the idea of the PROFIT margin of a stock and sells it as a good buy whether low or high in value based on its EARNING POWER (AND THE GENIUS IN CHARGE OF THE CORPORATION)!!!!!!!!!!
Opt for the MOST MONEY THEN YOU ARE AT PRIME RISK and BUY stocks like BUNDLED MORTGAGE STOCKS. A very RISKY INVESTMENT!!!! Does your broker mention that? PROBABLY, BUT HE HAS TO SELL TO KEEP HIS POSITION. This risky venture was also thought up by a brokerage MARKETING GENIUS to make money for his company. You can say IT WAS EVIL GENIUS but for those SAVVY about stocks and who got in and out in time-MONEY WAS THE NAME OF THE GAME--NOT SECURITY.
Why a bunch of people would parade around demanding CHANGES TO WALL STREET SO they can become the equals of GENIUS is a REAL MYSTERY. IT IS ALWAYS GOING TO BE AN UNEQUAL WORLD BECAUSE THERE ARE ONLY A CERTAIN NUMBER OF PEOPLE WHO HAVE THE MOTIVATION, RESPONSIBILITY, AND WILLINGNESS TO GO BEYOND THE ORDINARY, AND the GENIUS TO ACCOMPLISH GREAT THINGS.
GET USED TO IT!!!!!!! YOU DO IN SPORTS. IT'S a TRUTH TO BE FOUND IN THE REST OF SOCIETY!!!!! THERE ARE ONLY SO MANY BRILLIANT MINDS AND/OR TALENTED PEOPLE AND THEY DESERVE THE ACCOLADES. IF THAT ACCOLADE IS MONEY--THEN SO BE IT.
NOT a genius????? DON'T WORRY YOU CAN utilize AND BENEFIT FROM their knowledge and their existence. The qualities they provide through their abilities accomplish the best for you. BUT DON'T DENIGRATE THEM FOR WANTING A REWARD FOR THEIR ABILITY COMMENSURATE WITH THEIR ACCOMPLISHMENTS FROM THE GROUP THEY REPRESENT!!!!!!!
CHEERS, CONNIE
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