Economics, Finance, Investments & Me

About This Website / Background Information

Does the economy have you worried? Are there concerns about the future?

This website is part of a think tank that has been providing economic forecasts for decades. To date, the forecasts have been extremely accurate. If you are prepared for the futre, you won't be worried, and your concerns will be taken care of.

Could The Crisis Have Been Prevented?

Could the economic crisis have been prevented? Yes. The crisis is human induced and could have been prevented. Proper risk management anticipated the convergence of the variables that have brought on the crisis. However, now that the crisis is upon us, it is too late to prevent the crisis. Now, it is time for crisis management.

The Crisis: An Overview

What is going on here? Because of the improper risk management, there is little trust. Perhaps lack of trust is our largest problem. On the other hand, perhaps we shouldn't trust people or institutions that have not properly handled risk management. More than likely, this includes self-responsibility. One should say to himeself, "Have I properly handled risk management?" If you have, than you shouldn't have anything to worry about. If you have not, the best thing to do is to properly handle crisis management

Crisis? What crisis?
In a nutshell, the crisis could be boiled down to lack of social responsibility. The following is a list of some of the critical crisis elements:

Human Induced Climate Change
The human race chose to contaminate our environment. It is questionable how many years Earth will be inhabitable. In the mean time, the consequences of our actions will likely be felt in our pocketbook. Real estate, taxes and insurance are places to look for evidence. Humans are causing the sea level to rise. Building near sea level is economic foolishness. Building below sea level is an economic crisis. Real estate located in these types of locations will become less than worthless. Real estate located in these types of locations will not be an asset. It will be a liability. The volatility in the weather is another aspect of risk management that is becoming a crisis management issue. Global warming is causing increased volatility in weather patterns. Global warming doesn't mean that the temperature just goes up and up. Global warming means that a slight increase in global temperatures will combine with other variables resulting in more severe conditions. For instance, global warming in combination with low atmospheric ozone pollution is causing irreparable harm to plants. North America is seeing devastating results to our trees. Deforestation is a crisis that has yet to be managed. Since trees help combat global warming, deforestation only compounds the global warming problem. Desertification reduces the value of real estate in the area that becomes desert-like. At the same time, desertification contributes to a rising sea level, which in turn reduces the value of real estate near sea level. Desertification increases fire insurance premiums. A rising sea level increases flood insurance premiums. Reduced real estate values cause a fiscal crisis for local taxing authorities.
Learn more about human induced climate change.

Lack of Investing In the Future & Excessive Living In the Moment
The human race, and in particular humans living in industrialized nations, chose not to plan for future generations. We did not invest in our children's futures but instead spent on the present. The American "native" Indians are an example of how a society can invest in the future. You might say the Indians considered themselves caretakers rather than exploiters. After all, what do you want to invest in? Where do you want to store your wealth? In the dollar, oil or gold? It's quite difficult to use any of these things for food or shelter.

Blame
Given the results of our lack of social consciousness -- an uninhabitable home in a financial crisis -- you might think we would try to correct the problems by being responsible for our social consciousness. No. It appears we wish to blame others. This is the exact opposite response. If we are to have proper crisis management, it must start with blaming ourselves for our lack of social responsibility. Have I used electricity from a power plant using fossil fuel? Have I used a mode of transportation that uses fossil fuel? Have I contributed to the ozone problem? Have I allowed a government to promote pollution instead of taxing it? Have I voted with my dollars and demanded big business supply me with consumer products that are detrimental to our environment?

Yes. I am to blame.

Crisis Management

We have done a poor job of risk management. That is why we must deal with crisis management. The first rule of crisis management is do not panic. Panicking only makes the situation worse. Instead, implement the best plan that you can. Take a step back and analyze the situation.

Here are some resources to help you:

The Golden Rule's Social Justification
The Golden Rule of Social Justification was an economic forecast made at the start of the millennium that accurately predicted the current market conditions. It may act as a road map or overview of crisis management

The Sleeping Giant Vs. the Ghost In the Machine
Don't panic. Don't go into shock. The population of the industrialized nations is like a sleeping giant. When the giant awakens to the crisis, we don't want it to panic.

Sustainable Living
If we are to sustain living, we need to work together. That is not to say that each individual must do exactly the same thing. Rather, we each need to do what we are best at doing while contributing to the common good. Does that sound reasonable? Hey! Maybe it can even be fun :)


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Publishing
2008
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The Philadelphia Spirit Experiment Publishing Company & KingArthur.com