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Tag Archives: representative government

US economic crisis – credit crunch default crisis and 3-dimensional economic modeling from science – GDP numbers are faulty

10 Friday Oct 2008

Posted by CricketDiane in Uncategorized

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America, aristocracy in America, banking, bonds, Business, Business Practices, Capitalism, Civil Rights, commercial paper, commodities, communism and corruption in America, corporate America, corruption and abuse of authority, corruption in USA, counterfeit currencies, counterfeit securities, credit crunch crisis, credit default swaps, Cricket Diane C Sparky Phillips, cricketdiane, Democracy, economic modeling, Economics, Economy, elitism, Federal Reserve, financial crisis, financial derivatives, financial solvency, free market economy, Freedom, Freedom of Thought, GDP numbers are faulty, global economic crisis, Global Economy, Human Rights, International Concerns, Liberty, Macro-economic analysis 2008, macro-economic future forecasting, Money, Obama and McCain, Oil Crisis, Principles of Economics, prosperity, Reality-based Analysis, representative government, Republicans and Democrats, socialism, stock market, the American people, US Bill of Rights, US Congress, US Constitution, US Declaration of Independence, US economic crisis, US Government, US government bailouts, US politics, US Treasury, Wall Street, Wall Street bailouts, wealth, Workable Solutions

GDP numbers are faulty. They were never intended to nor accounted for a credit based application. Their integrity is not valid to use for anything.

There is no factorization nor accommodation for the “propped up” unrealistic value of credit underlying its foundations.

Any model using the GDP or ADP is going to also be faulty.

In order to get an accurate representation that can depict the current situation and aid in evaluating various possibilities of corrections that can be made or influences that can be brought to bear on it, the numbers available around the world about element normally used to tally the GDP would need to be input directly.

This means without utilizing the accepted GDP or ADP in any way for the models.

The last post I made, includes a dimensional flux model that can accurately depict the complexity and current dynamics of the US economy – macro economy and global economy. This can be used to understand what pull or tug, here or there, would cause and what would be impacted in real time and projections.

This macro-economic modeling process and equations are found here and through its creators:

http://topics.scirus.com/The_Macroeconomic_Graphical_Sensor_System_MGS_System.html

Written by Cricket Diane C “Sparky” Phillips, 10-10-08, USA

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This 3-Dimensional Macro-economic model can forecast current US economic and global crisis 2008 – Can show how inputs will affect markets including credit default swaps and bailouts – US economic crisis

10 Friday Oct 2008

Posted by CricketDiane in Uncategorized

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America, aristocracy in America, banking, bonds, Business, Business Practices, Capitalism, Civil Rights, commercial paper, commodities, communism and corruption in America, corporate America, corruption and abuse of authority, corruption in USA, counterfeit currencies, counterfeit securities, credit crunch crisis, credit default swaps, Cricket Diane C Sparky Phillips, cricketdiane, Democracy, econometrics, Economics, Economy, elitism, Federal Reserve, financial crisis, financial derivatives, financial solvency, free market economy, Freedom, Freedom of Thought, Global Economy, Human Rights, International Concerns, Liberty, Macro-economic analysis 2008, macro-economic future forecasting, Money, Obama and McCain, Oil Crisis, Principles of Economics, prosperity, Reality-based Analysis, representative government, Republicans and Democrats, socialism, stock market, the American people, US Bill of Rights, US Congress, US Constitution, US Declaration of Independence, US economic crisis, US Government, US government bailouts, US politics, US Treasury, Wall Street, Wall Street bailouts, wealth, Workable Solutions

USE THIS –
http://topics.scirus.com/The_Macroeconomic_Graphical_Sensor_System_MGS_System.html
The Macroeconomic Graphical Sensor System (MGS-System)

Last updated: 27 June 2008

Category: Economics, Econometrics and Finance > Economics, Econometrics and Finance (miscellaneous)
authors Dr Mario Arturo Ruiz Estrada

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Synopsis

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1. ABSTRACT

This research paper is interested to propose an alternative Multi-Dimensional (MD) graphical computational system to observe or simulate different macroeconomic scenarios simultaneously in real-time or live. It is called “The Macroeconomic Graphical Sensor System (MGS-System)”. Therefore, the construction of this Multi-Dimensional graphical computational system is based on the application of Econographicology (Ruiz, 2007) and Database analysis.

2. INTRODUCTION

The basic idea to build the MGS-System is to show a set of Multi-Dimensional graphs, at the same time, these Multi-Dimensional graphs are moving constantly in real-time or live. If some of these Multi-Dimensional graphs show an erratic behavior, then the MGS-System start to alert immediately about possible failure(s) in some or all macroeconomic scenarios in the same graphical space. The failure(s) location depends on the Multi-Dimensional graph position into its physical space coordinate system respectively. If the MGS-System find some or many failure(s) in the Multi-Dimensional graph, then the MGS-System start to take action(s) to search possible solutions (or economic policies) to solve some or many failure(s) simultaneously. These solutions (or economic policies) are originated from a large number of database. To find the possible solutions (or economic policies) to solve some or many failure(s), it is depend on the serial of parameters that we are established in each axis on the Multi-Dimensional physical space coordinate system respectively.Hence, the selection of possible solution(s) (or economic policies) depend on the Multi-dimensional graph position. The final solution(s) is selected according to less risk or less vulnerable economic impact among a large number of possible solutions. Moreover, this research paper has three specific objectives follow by:

The first specific objective in this research paper is the application of a basic form of Database analysis based on the application of a default random process. The default random process will choose the best solution(s) (or economic policy) into a large Database from successful economic models, theoretical frameworks and econometric models and simulations applied on economics. It is based on the parameters are established into each axis in the Multi-Dimensional physical space coordinate system.

The second specific objective is the application of Econographicology, it is offer a new types of graphs under the application of physical spaces are presented: Pyramid Physical Space, Diamond Physical Space, Multi-Dimensional Physical Space, Infinity Physical Space, and Multi-Pictorial Physical Space (Ruiz, 2008). These graphs and Physical Spaces are constructed based on the traditional 3-Dimensional space concept, but they represent 4-D, 5-D, 8-D, 9-D and Infinity-Dimension. The multiple-dimensional representations are to facilitate easy understanding of economic phenomena from a general view.

Finally, this research will to show a flow chat to explain the construction and implementation of the Macroeconomic Graphical Sensor System (MGS-System). The idea to build the MGS-System is to offer an alternative technical tool to policy makers, academics, international institutions to obtain a serial of possible solutions to solve economic problems.

3. THE MGS-SYSTEM THEORETICAL FRAMEWORK

The MGS-System follow by five basic phases: The first phase is the input and storage of large amount of information (quantitative or qualitative) constantly; the second phase is the visualization of Multi-Dimensional graphs in real-time or live; the third phase is to alert of possible failure(s) in different economic scenarios in the same graphical space; the fourth phase is to search a possible set of solution(s) (or economic policies) according to the graph position into its Multi-Dimensional physical space coordinate system respectively and the fifth phase is the final report with a short list of recommendation(s) or suggestion(s) to solve the irregular or erratic behavior of the Multi-Dimensional graph. FIRST PHASE: The Input and Storage of InformationThe first phase is divided by two sections follow by: Input and Storage sections (See Diagram 1: Stage 1).

INPUT SECTIONThe first section proposes that in the MGS-System exist many inputs of information (I Xi) from different resources (See Expression 1). The inputs of information (I Xi) can be classified by quantitative and qualitative respectively, but also the inputs of information (I Xi) can be classified by positive (+) or negative (-) information follows by expression 1:

(1.) I Xi = ƒ ( +/-I X1 , +/-I X2 , …, +/-I X∞…) ≡ I Xi = ƒ ( +/-I Xi) thus i =1,2,…,∞

STORAGE SECTION

The second section in the first phase explain about how the inputs of information (I Xi) is record in different Database (DB Xi) thus i = 1,2,… ∞ (See Expression 2).

(2.) DB Xi = ƒ (DB X1< +/-I X1>, DB X2<+/-I X2>,…, DB x∞<+/-I X∞> …)

SECOND PHASE: The Visualization of Multi-Dimensional graphsThe Visualization of Multi-Dimensional graphs (MD) in real-time or live (See Diagram 1: Stage 2). It is based on constant inputs of information (I xi) in each axis (X i) respectively from different Database (DB Xi) resources. Always each input of information (I xi) is interconnected with its axis (X i) respectively. All Multi-Dimensional graphs in the MGS-System always are running in real-time or live all the time (See Expression 3.)

(3.) MD = (X 1: [ +/-I x1], X 2:[+/-I x2] , …, X ∞:[+/-I x∞] …)

THIRD PHASE: The alert of possible failure(s) The third phase is given to us an alert of possible failures (See Diagram 1: Stage 3). It is depend on the position of the Multi-Dimensional graph get into its Multi-Dimensional physical space coordinate system. If the information is located in the negative -X i = [-I Xi] quadrant, then the MGS-system can alert about possible failures (See Expression 4. and 5.)

(4.) If -X 1: [ –I X1], -X 2:[-I X2] , …….…, -X ∞:[-I X∞] …

then -X 1: [»Alert«], -X 2:[»Alert«] , …, -X ∞:[»Alert«]

In fact, if any inputs of information are located in the negative quadrant -X i:[-I Xi] of the physical space coordinate system in the MGS-System, then this input of negative information (-I Xi) will be called “ Failure(s)”. Therefore, if the MGS-System find any failure (-I xi), then MGS-System starts to search ( ☼) for its possible solution (S xi) immediately. It is according to expression 6.

(5.) S xi = -I X1 ☼ S X1 : -I X2 ☼ S X2 : … : -I X∞ ☼ S X∞

FOURTH PHASE: The set of solution(s) (or economic policies)

The fourth phase is divided by two sections follow by Database of final solutions and Solutions (See Diagram 1: Stage 4).

DATABASE OF FINAL SOLUTIONSThe general database of final solutions are equal to the interconnection (╦) of large number database (DB Xi) and each database has a large number of possible solutions (S Xi) (See Expression 7).

∞ ∞ ∞(7.) DB Xi = X 1:[ Σ DB X1 X1>] ╦ X 2:[ Σ DBx 2 2>] ╦ …╦ X ∞ [ Σ DB X∞ ∞>] X 1 = 1 X 2 = 1 X ∞ = 1

THE FINAL SOLUTIONS

In the process to choose the final solution (FS Xi), it is equal to the multi-connection (╬) of long list of possible solutions (S Xi) (See Expression 8 and 8.1.). Each solution (S xi) depends on the Multi-Dimensional graph position into its Multi-Dimensional physical space coordinate system respectively (see Diagram 1: Stage 4). Hence, the establishment of parameters in each axis plays an important role in the process to find suitable solution(s) (economic policies) in the MGS-System.

(8.) FS X1 ═ -I X1:1 ∩ S X1:1 → DB x1:1 ╬ FS 1:2 ═ -I X1:2 ∩ S X1:2 → DB x:1:2 ╬ … ╬ FS X1:∞ ═ -I X1:∞ ∩ S X1:∞ → DB x1: ∞FS X2 ═ -I X:2:1∩ S X2:1 → DB x2:1 ╬ FS 2:2 ═ -I X:2:2 ∩ S X2:2 → DB x:2:2 ╬…. ╬ FS X2:∞ ═ -I X:2: ∞ ∩ S X:2:∞ → DB x2:∞ . . . . . . . . . .FS X∞ ═ -I X:∞:∞ ∩ S X∞:∞ → DB x:∞:∞ ╬ FS ∞:∞ ═ -I X:∞:∞ ∩ S X∞:∞ → DB x:∞:∞ ╬… ╬ FS 2:∞ ═ -I X:∞:∞ ∩ S X:∞:∞ → DB x:∞:∞ (8.1.) If FS Xi ≡ ƒ (-I Xi) then each -I Xi finds its solution into its DB xi respectivelyFIFTH PHASE: The final output

The final output (FO) (See Diagram 1: Phase 5) is originated from the last partial differentiation (ƒ i) from the large list of solutions (S xi). In fact, the MGS-System starts to apply partial differentiation (ƒ i) from the first group of solutions until arrive to the final solution. The idea is debugging ( ◊) until we can arrive to the best solution (or best economic policy) with less risk and less vulnerable (See Expression 9).

(9.)

ƒ(S X1) = Sx 1 ◊ Sx 2 ◊… ◊ Sx ∞

ƒ (S x2)’ = Sx 1 ◊ Sx 2 ◊… ◊ Sx ∞

ƒ (S X3)’’ = Sx 1 ◊ Sx 2 ◊… ◊ Sx ∞

. = . . . .

. = . . . .

. = . . . .

ƒ(S Xi) i = 0 thus i = 1,2…∞

4. CONCLUSION

This research paper concludes that it is possible to visualize Multi-dimensional graphs in real time or live. The MGS-System can be a powerful visual analytical tool for policy makers, central banks and academics in the process to observe complex economic scenarios interact simultaneously in the same graphical space from a Multi-dimensional view. The idea is to demonstrate that economics is alive and it is not a static and 2-Dimensional phenomenon.5. REFERENCES

Ruiz Estrada, M. 2007. “Econographicology”, International Journal of Economic Research (IJER), Serial Publications, Vol. 4, No.1, pp. 93-104.

Ruiz Estrada, M. 2008. “Econographicology”, E-Monograph, University of Malaya (UM), Faculty of Economics and Administration (FEA). Layout by CyDesign Co. pp. 1-240.

more >

References

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  • Ruiz Estrada, M. 2007. “Econographicology”, International Journal of Economic Research ( IJER), Serial Publications, Vol. 4, No.1, pp. 93-104. (Link->)
  • Ruiz Estrada, M. 2008. “Econographicology”, E-Monograph, University of Malaya ( UM), Faculty of Economics and Administration (FEA). Layout by CyDesign Co. pp. 1-240. (Link->)

Selected Links

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  • Econographication Virtual Laboratory (EVL)
  • SSRN

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America aristocracy, socialism, communism and wealth of arrogance leading us into hell

09 Thursday Oct 2008

Posted by CricketDiane in Uncategorized

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America, aristocracy in America, banking, bonds, Business, Business Practices, Capitalism, Civil Rights, commercial paper, commodities, communism and corruption in America, corporate America, corruption and abuse of authority, corruption in USA, counterfeit currencies, counterfeit securities, credit crunch crisis, credit default swaps, Cricket Diane C Sparky Phillips, cricketdiane, Democracy, Economics, Economy, elitism, Federal Reserve, financial crisis, financial derivatives, financial solvency, free market economy, Freedom, Freedom of Thought, Global Economy, Human Rights, International Concerns, Liberty, Macro-economic analysis 2008, macro-economic future forecasting, Money, Obama and McCain, Oil Crisis, Principles of Economics, prosperity, Reality-based Analysis, representative government, Republicans and Democrats, socialism, stock market, the American people, US Bill of Rights, US Congress, US Constitution, US Declaration of Independence, US economic crisis, US Government, US government bailouts, US politics, US Treasury, Wall Street, Wall Street bailouts, wealth, Workable Solutions

A Right or a Privilege?

“The person who states this always assumes themselves on the advantage side of this equation.”

Since the first time I heard this argument used for something in the United States, I knew it was wrong. Its premise is wrong and its basis is anti-American, anti-Constitutional and against everything the United States has as its basis.

Privilege is a concept of social order, caste systems and aristocracy. It is occasionally social elitism and academic or intellectual elitist by use historically. It is also found in numerous writings of socialism and Marxist doctrines. It is the antithesis of America’s premise.

Rights as defined in this argument, “is it a right or a privilege” is also Marxist, Taoist, Communist and socialism in its truest sense. Its concept of “right” of the people is corrupted by the tyranny of those who would judge it, offer it, control it, manage it and insure it done.

In a land of freedom and individual rights as the US is founded – it is both right and privilege, yet neither one is the basis by which we guide our choices, policies, laws, decisions and tenets.

Our founding principles are those of freedom, equality of rights and opportunities, guaranteed individual rights, capitalism, democracy and government by consent rather than by tyranny and rule.

The assurance of collective rights of the people managed and insured by a small corps of government who are all powerful does not assure the rights of the individual nor the equality of opportunities to all. Nor does it promote liberty, equality of rights and opportunities nor government by the people, of the people and for the people which represents the people of the United States of America.

Whether that is made because of aristocracy and elitism or through socialism and communism, both are wrong – yielding no more than abuses of power, corruption, oppression, poverty, restrictive prosperity for only a few, and eventually, deteriorating societies over any appreciable time.

For instance, the freedom to drive a vehicle in our modern world should be understood as neither right nor privilege but as necessity. Education, as well, is neither right nor one of privilege but of necessity, and to a greater advantage and benefit of us all and of our nation. Home ownership is not naturally a basis of status but rather of a place to live and a safe harbor from which individuals and families can operate and conduct their lives, participate in their communities and assure their own well-being. When the prices of housing and properties, of basic necessities for living are not in the same table of reference with wages and ways of earning a sustainable living, a destruction of the society will occur by the nature of its injustice and failure.

Opportunities to conduct business and opportunities for employment are necessities of all and are guaranteed by our Constitution and founding principles to be available equally to any that will work for them. Where is the place in America to exclude those not of privileged classes in our tenets? These are not collective rights nor only assured to those privileged enough to access them. These are individual rights to opportunity equally shared by all American citizens regardless of status, religion, race, nationality, gender, age, or “wholeness” by some prescribed measure.

Whenever I hear the use of this argument by anyone, “is it a right or a privilege,” I am outraged. It is the very tenet of socialism and communist doctrine that came from academic elitists which began in aristocracy and oppression that we have fought across the world to end. It undermines the very foundations of America.

We have come to a point in the world and in the United States where those with privilege by access to opportunity and wealth have used their financial gain to insure their greater voice in matters affecting us all. And, where our individual rights have been compromised by a few in the name of our “collective rights” with both aristocracy and socialists using the same argument for their abuses of power and position. Both are wrong and have contributed to decimating the foundations of our society in their struggles for power and by their abuses of it.

The aristocratic class has insured our demise by financially excluding most Americans from the process of education, of government, of politics, of the acquisition of homes and reasonable employment, and of business, business ownership, entrepreneurial enterprise and prosperity. The aristocracy in America have denied access to freedom, rights and opportunities of the greatest number of Americans living under the oppression of despicable power-mongering, money-greedy twisted world views than any dictatorship in history. They have decimated the living standard, level of education and prosperity of every individual American and of our nation.

The socialists and liberals through collectivism have insured our demise through shoddy workmanship in American products and services, business deprecation, depravity, greed for power, reduced incentives, increase of abject poverty, exclusion of certain rights, such as driving, education, individual freedoms and economic inclusion to many, through segregation of economic disadvantaged, and by forcing unethical choices on political officials and those in authority. They have single-handedly destroyed the opportunities for all but a very few which sit comfortable in their assured freedoms of elitist intellectualism and positions of power within the government of the United States of America. They deny every foundation that applies to the true freedoms and guarantee of individual rights honored by our Constitution.

Both aristocrats and socialists suffer in many ways from the abuse of power syndrome which is indicated by the adage, “absolute power corrupts absolutely,” and both have decimated our country’s opportunity to survive and to compete in a larger world today and in the future. There is no good life, good living or great America in their choices for us all to endure.

The important questions are these:

1. What gives us competitive advantage now and in the future as individuals and as a nation?

2. What things open greater opportunity and advantage to every American?

3. What needs to be done to make wealth, education, opportunity and quality of life equally and easily available to all, for every individual that chooses to pursue it?

4. What continues to foster, protect, nourish and enhance our freedoms and individual rights and liberties along with our prosperity as a nation and as individuals?

5. What insures our sustenance and growth as a nation while protecting the tenets of our founding principles and foundation ideologies?

Without the premise of those ideologies, we are not America nor a land of the free, home of the brave. Nor are we fighting across the world in support of a greater cause. Without aristocracy and without socialists, our economy and our society will thrive. But it will not thrive without freedom, equality, democracy, capitalism, free market economy, representative government, and equal opportunities to education, prosperity and liberty.

By unnaturally manipulating our economy, prices of housing and property, opportunities to employment and enterprise, opportunities to higher education by price and financing, access to quality and quantity of food and other necessary goods, and by excluding individuals from their Constitutionally guaranteed rights for any number of reasons, the United States has lost its place and lost its ways that insured its continued existence and power. It is now a third world economy and a second world power with no real innovation nor threshold of invention compared to the world market stage.

Our country has devolved into a place of police brutality, pervasive intolerance, unjustified cruelty, rampant crime and denial of basic human rights on a regular basis while the greatest criminals of all time sit in our government and in the protected aristocracy of business leadership. Our government on every level is ineffective at best, expensive on average and abusive all too commonly.

At ground level, individual Americans are denied the rights to feel angry, annoyed or agitated by events and situations in their lives, nor are they allowed to feel sad, grieved, outraged, embarrassed, humiliated nor indignant about things happening in their lives and in our country. Our government locally is given the rights to come into their homes without cause to take them into locked confinement without rights, take their children and in many cases, to take their property and destroy their belongings for any reason whatsoever, including eminent domain and the government’s desire to use the property for something else.

The United States of America resembles nothing of the freedoms and assurances of rights given to individuals by the Constitution with over twenty percent of our population at any given time incarcerated in prisons and well over ten percent living in locked institutions of “mental health” and behavior modification camps and programs in the name of “mental health,” in the use of this for the business health of pharmaceutical companies and as the destruction of dissident populations. According to European standards, over twenty-five percent of our nation lives in poverty with limited access to the abundance they see around them and because of the caste system existing in our nation today, they will never have access to wealth and abundance in their lifetimes no matter what they do.

The most trite and trivial application of the incredible number of petty and unreasonable laws are applied to most of the population across the United States on a day-to-day basis while those in positions of authority, power, politics, financial power and influence adhere to no laws whatsoever nor are held accountable to them in any way. We live in a police state at the hands of both Democrats and Republicans and their abuses of power.

When the Chinese authorities during the Olympics stopped a journalist from reporting an undesirable story, it was obvious that we were seeing China operate and not America, when the police didn’t beat the living daylights out of the reporter before tazing him handcuffed on the ground and hauling him away to be locked away for several years as they do every day across America.

When the woman in a New York mental hospital intake died waiting to be locked away and put on psychiatric drugs involuntarily this year, it wasn’t an isolated incident and neither was her being placed there an appropriate help to her situation. She had worked for quite awhile before losing her job and then losing her place to live. When she asked to be helped by the minister that she had worked alongside, that knew her – the law was called because she was “agitated” having found herself homeless after working hard and doing the right things. That is communism in America at work and is so common that people find it acceptable.

There are homeless and those living in abject poverty that will always be excluded from “the game” that America has become at the hands of the powerful and financially status-oriented. Their opportunities are not only denied but basic human rights available to all living beings are also denied. That is not a mental health condition but rather one of extreme oppression, aristocracy and exclusion from participation. This is America as it has been re-created in the image and view of America’s leadership, both by the intellectual elite and political dictatorship at the helm in the United States today. That is the twisted view of the world that needs correcting with some serious mental health applications in the realm of our leadership.

We have an entire country filled with houses that no one can afford to own where years and years of equity and efforts were wiped out within a few short weeks to suit the greed of Wall Street and our politicians in the name of their business friends. The money that was created for them was assured at the expense of every homeowner and American citizen, at the hands of every employee that will ever work in America and over the needs of any human being living in the United States today and in the future.

Our President demands that we “unleash the keys of America’s entrepreneurial spirit,” while socialism and communism are the tenets he and his Washington friends use to bind us all into oppression and insolvency. His Congressional friends and business buddies must need some new ideas and innovations to steal since they’ve found themselves at a disadvantage in the world using their own ideas. These “leaders” have managed to exclude everyone else that might think differently about things than they do such that they would have new ideas and innovations and when they have these ideas available, they dishonor them by stealing from their inventors.

This is a nation of abhorrence and continued wealth assured to only a few while the rest live in destitution and lack of opportunities in any measure. And, where the lowest disadvantaged third of our country is subjected to every horror of socialism, communism, oppression and abuse of power, our leadership fails to do even one small thing for themselves by their own hands. Their food is cooked for them, their cars driven for them, their accounting administered for them, their yards landscaped and kept up for them, their hair cut for them, their houses cleaned for them, and their asses wiped for them, because it is beneath them to do it.

Personally, I would not have wanted to put my name on that $700 billion dollar Wall Street banking and business bailout bill while ignoring the will of the American people by doing it, especially knowing that somewhere in America, I would have to sleep at night, my food would be cooked by someone besides me, and that I would want to eat at a restaurant or go on vacation somewhere in the world where others would be serving me. Not in this lifetime or the next, would I rest easy after ignoring the will of the people that I was hired to represent and after genuinely screwing them.

There is nowhere in America to hide from these facts at a point. It will not be long before those impoverished by politics and exclusion will find the rich where they sleep. It is easily found throughout history, even in the history of our own country when English rule threatened the survival of a foundling nation and its interests. There is no protection from the reality our current corrupt leaders of government and business have created for all of us and its results.

There are no sales when a company has abused the privilege of its position and power in the marketplace because it depends upon the great “unwashed masses” for its existence and continued profitability. There are no positions of power in the United States when finally tolerance for their abuse stops and apathy gives way to action. We are the governed by consent of the governed and sooner or later – there is no where to hide from that real fact.

Consequently – here is the answer to the question, “is it a right or is it a privilege.” It is both my privilege and my right as an American citizen and as a human being to stand equal to any and all that would choose to judge by that question. It is my right and my privilege by virtue of waking up alive today, to be of equal value to our nation and our national interests as are any others alive this day. And, it is my right and my privilege to be more valuable than any other category of objects, whether money, property, prestige or thing, greed, power, or status.

Corporate America does not exist nor thrive without us. Intellectual elitists, socialists and communists in the name of assured collective rights cannot sleep well without our apathy. And, the aristocracy and dictatorship of the US government does not survive separate from and exclusive to our consent of power. Republicans and Democrats have abused the power and authority given to them and done so at our expense. None of them are worthy of the breath God gave them nor fit to lead anything nor anybody at any time for any reason. They’ve proven it.

And, despite brutality by police, abuse by government systems intended to “help” which did no more than destroy every basic human right, civil right and freedom that I was guaranteed by America and her Constitution, and despite authorities, socialists and aristocrats of America excluding my participation in the wealth and prosperity of capitalism – it is my right and my privilege to push that boot off my back and off the backs of every American citizen living today to restore America to her founding tenets of freedom and protections of our inalienable rights.

Written by Cricket Diane C “Sparky” Phillips, 10-09-08, USA

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US economic and credit crisis – global economic crisis – IMF analysis – excerpts and link – will likely be used for decisions by G7 – and other econ summits

08 Wednesday Oct 2008

Posted by CricketDiane in Uncategorized

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$700 billion dollar bailouts, bailouts, banking, big business, Capitalism, commodities, credit crunch crisis, credit default swaps, credit defaults, Cricket Diane C Sparky Phillips, cricketdiane, Democracy, Economics, Economy, executive compensation, financial derivatives, free market economy, Freedom, freedom of choice, Freedom of Thought, global economic crisis, Global Economy, IMF, International Concerns, Inventing Solutions For America, investment banking, liquidity, Macro-economic analysis 2008, macro-economic future forecasting, Money, mortgage backed securities, Oil Crisis, Principles of Economics, Reality-based Analysis, representative government, small business, speculators, stock market, trillions of dollars bailouts, US Congress, US dollar, US dollar value, US economic crisis, US Government, US government bailout, US government socialism of economic factors losses, US House of Representatives, US Senate, US taxpayers, US Treasury, Wall Street, Wall Street bailout

Against this backdrop, Chapter 1 first outlines the key risks that have materialized since the April
2008 GFSR. Second, it examines the depth of the default cycle and potential losses. The third and
fourth sections evaluate the challenges posed by the deleveraging of the financial system in mature
economies and the broader systemic implications. The fifth section assesses the vulnerability of
emerging markets to global stress. Finally, the last section considers near-term policy priorities aimed
at rebuilding confidence and improving the
functioning of global markets, along with medium-
term policies to strengthen the international
financial architecture and reduce systemic
risks.

http://www.imf.org/external/pubs/ft/gfsr/2008/02/pdf/chap1.pdf

Also –

The global financial system has undergone a period of unprecedented turmoil. Market confidence
dwindled and has remained fragile, leading to the collapse or near-collapse of large,
and in some cases systemically important, financial institutions, and calling forth public intervention
in the financial system on a scale not seen for decades. The financial system has
been severely weakened by mounting losses on impaired and illiquid assets, uncertainty regarding
the availability and cost of funding, and further deterioration of loan portfolios as global economic
growth slows. Finding a purely private sector resolution of financial market strains has become
increasingly difficult, while case-by-case intervention by authorities has not alleviated market concerns.

http://www.imf.org/external/pubs/ft/gfsr/2008/02/pdf/chap1.pdf

http://www.imf.org/external/pubs/ft/gfsr/2008/02/index.htm

(This page has the entire document listed by chapter and coverage – excerpts are from Chapter 1 )

– These are excerpts from current IMF team analysis that will likely be used for decision and policy – making going forward. Great charts, good info, perspective fairly concise and comprehensive as overview of current situation – for US and global economies.

(My note – cricket diane)

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Reliable Places to find statistical data about US economic crisis and global impacts – check retail trade volume – and composite leading indicators

07 Tuesday Oct 2008

Posted by CricketDiane in Uncategorized

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Tags

aristocracy in America, bailouts, banking, Capitalism, consumer based economy, consumerism, corruption, counterfeit securities, credit, credit crunch crisis, credit default swaps, Cricket Diane C Sparky Phillips, cricketdiane, Democracy, Economics, Economy, executive compensation, Federal Reserve, financial derivatives, financials, fraud, free market economy, Global Economy, Goldman Sachs, inflation, Intelligence, International Concerns, investment banking, Macro-economic analysis 2008, macro-economic future forecasting, poverty, poverty in America, Principles of Economics, reality-based statistical analysis, reliable statistics, representative government, Statistical Analysis, stock market, stock market crash, unemployment, US banking practices, US Congress, US Constitution, US dollar, US economic crisis, US Economy, US Government, US government policy, US government socialism of economic factors losses, US Labor Statistics, US liabilities, US Senate, US Treasury, Wall Street, Wall Street corruption, worthless securities

http://stats.oecd.org/mei/default.asp?rev=1

Original Release Data and Revisions Database

[Version française] | [Printable Version]

This interface provides access to time series data for 21 key economic variables (see below for the full list) as originally published in each monthly edition of the MEI from February 1999 onwards. This real-time database will enable economists to perform real-time data analysis of econometric models and statisticians to study the magnitude and direction of subsequent revisions to published statistics.

Access original release data

  • User Guide
  • Other sources of real-time data

Access the real-time database

  • GDP, Total and Expenditure Components
  • Index of Industrial Production
  • Production in Construction
  • Composite Leading Indicators
  • Retail Trade Volume
  • Consumer Price Index
  • Standardised Unemployment Rates
  • Civilian Employment
  • Hourly Earnings in Manufacturing
  • Monetary Aggregates – Broad Money
  • International Trade in Goods
  • Balance of Payments – Current Account Balance
Perform revisions analysis studies

  • Automated programs to perform revisions analysis
  • OECD / Eurostat guidelines on revisions policy and analysis

OECD Revisions Analysis Studies

  • Output Gap Study
  • Gross Domestic Product
  • Index of Industrial Production
  • Retail Trade Volume
  • Revisions Analysis Working Paper
  • October 2004 Workshop

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Places to find real economic numbers – unemployment in US – economic policy in US – from international sources and others

07 Tuesday Oct 2008

Posted by CricketDiane in Uncategorized

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700 billion dollars, bailouts, banking, bonds, Capitalism, corruption, counterfeit currencies, counterfeit securities, credit default swaps, Cricket Diane C Sparky Phillips, cricketdiane, currencies, Democracy, economic summits, Economics, Economy, Fannie Mae, Federal Reserve, financials, fraud, Freddie Mac, free market economy, global economic crisis, Global Economy, Illuminati, Intelligence, International Concerns, international resources, investment banking, Macro-economic analysis 2008, macro-economic future forecasting, Money, mortgage backed securities, reality-based statistical analysis, representative government, Securities and Exchange Commission, Statistical Analysis, stock market, trillions of dollars, unemployment employment statistics, US Congress, US Constitutional guarantees, US currency, US dollar, US economic crisis, US Executive Branch, US Government, US government bailouts, US government policy, US government Wall Street corruption, US Labor Department numbers manipulation, US Senate, US Treasury, Wall Street, Wall Street bailout

(4) Economic Situation
From the second half of 2005, given the euro’s weakness
against the dollar, exports increased and there was a
recovery in capital investment, leading to moderate
recovery in the European economy. However, given the
low rate of growth that persisted from the second half of
2004 to the first half of 2005, GDP growth in 2005 was
expected to remain at 1.3% over the preceding year in the
Eurozone, and 1.5% in the 25 EU member states. In addition,
the unemployment rate in the Eurozone rose to
8.9% in 2004, and is expected to drop to 8.6%, which is
still at a high level (the rate for 25 EU member states is
forecast at 8.7%).

Integration and enlargement are increasing the EU’s
influence in the international community, and the EU is
an important partner for Japan, as both share basic values
such as freedom, democracy, the rule of law and human
rights, and face a variety of common international issues.
Japan will continue to advance dialogue and cooperation
with the EU, building even firmer relations.

The euro’s exchange rate against the dollar has been
on a downward trend from the beginning of the year
2005, due to the factors including difference in growth
rates between the Eurozone and the United States (US)
and differences in interest rates. This downturn
improved the competitiveness of Eurozone exports.

and the European Council failed to reach
agreement in a meeting in June on a midterm financial
perspective for the period of 2007-2013, which should
have determined the budgetary framework for the newly
enlarged 25-member European Union (EU),

http://www.mofa.go.jp/policy/other/bluebook/2006/06.pdf

***

Furthermore, the Japanese government promoted
cooperation with the business sectors of both Japan and
the EU in the EU-Japan Business Dialogue Round Table
(BDRT) held in July 2005. Japan also worked to promote
the interests of Japanese companies operating in the EU
member states, and improved bilateral trade and investment
as well as the business environment through
various dialogs such as the Japan-EU Regulatory Reform
Dialogue held in March and November 2005.

***

http://www.mofa.go.jp/policy/other/bluebook/2007/

http://www.mofa.go.jp/policy/other/bluebook/2008/

Ministry of Foreign Affairs – Japan

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Comparison of reality in US business, stock market, government thinking and poverty in America – it has to be aristocracy at work protecting itself in USA

07 Tuesday Oct 2008

Posted by CricketDiane in Uncategorized

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Tags

aristocracy in America, bailouts, banking, Business, Business Practices, Capitalism, ceo compensation, consumerism, corruption, credit default swaps, Cricket Diane C Sparky Phillips, cricketdiane, economic crisis, Economics, Economy, Federal Reserve, financial derivatives, foreclosures, free market economy, Global Economy, government bailout of credit default swaps, hedge funds, Illuminati of One, inequality, Intelligence, International Concerns, investment banking, investment companies, life in US, Macro-economic analysis 2008, macro-economic future forecasting, Money, poverty, real costs, reality-based statistical analysis, representative government, stock market, unemployment, US Congress, US Constitution, US dollar, US economic crisis, US government bailouts, US government policy, US President, US Treasury, US White House, USA, Wall Street, Wall Street traders

The credit markets first locked up in August 2007 when two hedge funds run by New York-based Bear Stearns Cos., then the fifth-largest U.S. securities firm, collapsed after the values of their mortgage-related holdings deteriorated. Since then, waves of foreclosures on high-interest subprime home loans have produced almost $600 billion in losses on mortgage-backed securities held by banks and Wall Street firms.

Two Weeks of Talks

The crisis prompted the resignations of chief executive officers at Merrill Lynch & Co., Citigroup Inc. and UBS AG and the government takeovers of Fannie Mae and Freddie Mac, the mortgage giants, and American International Group Inc., the world’s biggest insurer. It forced the sale of Bear Stearns, New York-based Merrill and Charlotte, North Carolina-based Wachovia Corp. and the bankruptcy of New York-based Lehman Brothers Holdings Inc. President George W. Bush has record low approval ratings, and lawmakers are calling for new regulation of Wall Street.

The Oct. 3 bailout vote culminated two weeks of backroom negotiations, arm-twisting and begging in Washington as the Bush administration tried to convince reluctant members of Congress that they should use taxpayer money to buy toxic assets. The 450- page bill, laden with tax breaks and other measures unrelated to the crisis, grew out of a two-and-a-half page proposal that Paulson sent to Capitol Hill early on Saturday, Sept. 20.

Two days earlier, Paulson and Federal Reserve Chairman Ben Bernanke had warned congressional leaders in a closed-door meeting that numerous banks and other companies might fail if Congress didn’t approve a bailout.

Many Members Opposed

To counter the threat, Paulson was seeking unprecedented power to buy and hold as much as $700 billion in mortgage-related assets without judicial review. On Sunday, Sept. 21, Paulson went on morning talk shows including NBC’s Meet the Press to sell the proposal to the public.

As ‘Biggest Crisis’ Hit, Congress Held Nose and Backed Bailout

By Alison Fitzgerald
More Photos/Details

Oct. 6 (Bloomberg)

To contact the reporter on this story: Alison Fitzgerald in Washington at Aiftzgerald2@bloomberg.net
Last Updated: October 6, 2008 00:01 EDT

http://www.bloomberg.com/apps/news?pid=20601070&sid=a2PslgpVvrCI&refer=home
Poverty

Overview

* In 2007, the family poverty rate and the number of families in poverty were 9.8 percent and 7.6 million, respectively, both statistically unchanged from 2006. Furthermore, the poverty rate and the number in poverty showed no statistical change between 2006 and 2007 for the different types of families. Married-couple families had a poverty rate of 4.9 percent (2.8 million), compared with 28.3 percent (4.1 million) for female-householder, no-husband-present families and 13.6 percent (696,000) for those with a male householder and no wife present.

# Public Information Office
# 301-763-3030/763-3691

# 301-763-3762 (fax)
# 301-457-1037 (TDD)
# e-mail: < pio@census.gov >

http://www.census.gov/Press-Release/www/releases/archives/income_wealth/012528.html

FOR IMMEDIATE RELEASE
TUESDAY, AUG. 26, 2008, 10:10 A.M. EDT

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what good is it – IT IS BETTER

01 Wednesday Oct 2008

Posted by CricketDiane in Uncategorized

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Tags

bailouts, banking, Capitalism, citizenship, counterfeit currency and securities, credit default swaps, Cricket Diane C Sparky Phillips, cricketdiane, economic crisis, Economics, Economy, Federal Reserve, financial derivatives, free market economy, global economic crisis, Global Economy, International Concerns, macro-economic future forecasting, Money, Reality-based Analysis, representative government, Securities and Exchange Commission, stock market, US Congress, US economic bailout, US economic crisis, US Government, US Treasury, USA

Treasury Officials


<!–

< BACK

John W. Snow Secretary of the Treasury

–>Secretary Henry M. Paulson, Jr.Henry M. Paulson, Jr.
Secretary of the Treasury

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President George W. Bush nominated Henry M. Paulson, Jr. to be the 74th Secretary of the Treasury on June 19, 2006. The United States Senate unanimously confirmed Paulson to the position on June 28, 2006 and he was sworn into office on July 10, 2006 by Supreme Court Chief Justice John Roberts. As Treasury Secretary, Paulson is the President’s leading policy advisor on a broad range of domestic and international economic issues.

Before coming to Treasury, Paulson was Chairman and Chief Executive Officer of Goldman Sachs since the firm’s initial public offering in 1999. He joined Goldman Sachs Chicago Office in 1974 and rose through the ranks holding several positions including, Managing Partner of the firm’s Chicago office, Co-head of the firm’s investment Banking Division, President and Chief Operating Officer, and Co-Senior partner.

Prior to joining Goldman Sachs, Paulson was a member of the White House Domestic Council, serving as Staff Assistant to the President from 1972 to 1973, and as Staff Assistant to the Assistant Secretary of Defense at the Pentagon from 1970 to 1972.

Paulson graduated from Dartmouth in 1968, where he majored in English, was a member of Phi Beta Kappa, and an All Ivy, All East football player. He received an M.B.A. from Harvard in 1970. He and his wife, Wendy, have two children, Amanda and Merritt.

http://www.treas.gov/organization/bios/paulson-e.html

Treasury Officials


< BACK

Deputy Secretary of the Treasury Robert M. Kimmitt Robert M. Kimmitt
Deputy Secretary of the Treasury

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President George W. Bush nominated Robert M. Kimmitt to be Deputy Secretary of the Department of the Treasury on June 29, 2005. The United States Senate unanimously confirmed him on July 29, 2005, and he was sworn into office on August 16, 2005.

Mr. Kimmitt has had a long public service career, both at home and abroad. He served from 1991 to 1993 as American Ambassador to Germany and was awarded the U.S. Defense Department Distinguished Public Service Award as well as Germany’s highest honor, the Order of Merit. Mr. Kimmitt served from 1989 to 1991 as Under Secretary of State for Political Affairs, and for his service during the Gulf Crisis and War, President George H. W. Bush presented Mr. Kimmitt with the Presidential Citizens Medal, the Nation’s second highest civilian award.

From 1985 to 1987, Mr. Kimmitt served as General Counsel to the U.S. Treasury Department, where he received the Alexander Hamilton Award, as well as the Arthur Flemming Award for distinguished public service. He served at the White House as National Security Council Executive Secretary and General Counsel from 1983 to 1985, with the rank of Deputy Assistant to the President for National Security Affairs. From 1976 to 1977 and 1978 to 1983, Mr. Kimmitt was a member of the NSC Staff.

From April 1970 to August 1971, Mr. Kimmitt served in combat with the 173rd Airborne Brigade in Vietnam, earning three Bronze Star Medals, the Purple Heart, the Air Medal, and the Vietnamese Cross of Gallantry. He retired in November 2004 as a Major General in the Army Reserve. During 1997 Mr. Kimmitt was a member of the National Defense Panel, and from 1998 to 2005 he was a member of the Director of Central Intelligence’s National Security Advisory Panel. He also served as a member of the Panel of Arbitrators of the World Bank’s International Centre for the Settlement of Investment Disputes.

Before rejoining the government, Mr. Kimmitt was Senior International Counsel in the law firm of Wilmer Cutler Pickering Hale and Dorr. He was also Chairman of the International Advisory Council of Time Warner Inc., where he had served from July 2001 to February 2005 as Executive Vice President, Global Public Policy. Earlier, Mr. Kimmitt was Vice Chairman and President of Commerce One, a software company headquartered in the San Francisco Bay area. From 1997 to 2000, Mr. Kimmitt was a partner at Wilmer, Cutler & Pickering, and from 1993 to 1997 he was a managing director of Lehman Brothers. From 1987 to 1989, Mr. Kimmitt was a partner in the law firm of Sidley & Austin.

Mr. Kimmitt was graduated with distinction from the U.S. Military Academy at West Point (B.S., 1969). He received a law degree from Georgetown University (J.D., 1977), where he was editor in chief of Law & Policy in International Business. From 1977 to 1978, he served as law clerk to Judge Edward A. Tamm of the U.S. Court of Appeals for the D.C. Circuit.

Mr. Kimmitt and his wife Holly Sutherland Kimmitt have two daughters and three sons and reside in Arlington, Virginia. He is a member of the Council on Foreign Relations and the American Academy of Diplomacy, and speaks fluent German.

http://www.treas.gov/organization/bios/kimmitt-e.html

Contact the Coordinator of Society Affairs with any questions.

To download the 2009 Senate Nomination Form, click here (PDF).

The 42nd Council of Phi Beta Kappa to be held in Austin, Texas

On October 1-3, 2009, the 42nd Council of Phi Beta Kappa will convene in Austin, Texas at the Hilton Austin on Fourth Street. As preparation begins over the months leading to the Council, more informaiton will be posted.

Triennial Council


The legislative body of the Phi Beta Kappa Society is the Council, which convenes every three years to transact business for the Society as a whole. The Council alone has the authority to charter new chapters. Delegates to the Council are the representatives of the Phi Beta Kappa chapters and associations. They are elected for a term of three years, with each chapter electing up to three delegates and each association (with 25 or more members) electing one delegate. Associations of 200 or more members may elect two delegates.

The first eight triennial Councils (1883-1904) met at Saratoga Springs in New York. Since then, it has been the custom to meet successively in different regions of the country. For many years, the Councils were convened on the campuses of colleges or universities with chapters. More recently, Council meetings have taken place off-campus in cities with one or more chapters or associations.

Contact Us

The Phi Beta Kappa Society

1606 New Hampshire Ave. NW

Washington, DC 20009

Phone: (202) 265-3808

Fax: (202) 986-1601

E-mail: info@pbk.org

http://www.pbk.org/AM/Template.cfm?Section=Contact

A fine list of people running the US Treasury –

http://www.treas.gov/organization/officials.html

http://www.treas.gov/organization/bios/paulson-e.html

An explanation of the chain of command and interactions of the US Treasury –

http://www.treas.gov/organization/org-chart-04242008.pdf

THE DEPARTMENT OF THE TREASURY

Unless otherwise indicated, all Bureaus report through the Deputy Secretary to the Secretary.
THE DEPARTMENT OF THE TREASURY
Treasurer
of the
United States
Under Secretary
for
International Affairs
Assistant
Secretary
(International
Affairs)
Assistant
Secretary
(Legislative
Affairs)
Deputy Assistant
Secretary
(Tax and
Budget)
Deputy Assistant
Secretary
(International)
Deputy Assistant
Secretary
(Banking and
Finance)
Deputy Assistant
Secretary
(Appropriations
and Management)
Assistant
Secretary
(Public Affairs and
Director of Policy
Planning)
Deputy Assistant
Secretary
(Public Affairs)
Deputy Assistant
Secretary
(Macroeconomic
Analysis)
Deputy Assistant
Secretary
(Microeconomic
Analysis)
Assistant
Secretary
(Economic
Policy)
Deputy Assistant
Secretary
(Policy
Coordination)
Deputy Assistant
Secretary
(Europe, Eurasia)
Deputy Assistant
Secretary
(Trade and
Investment
Policy)
Deputy Assistant
Secretary
(Technical
Assistance Policy)
Deputy Assistant
Secretary
(Africa and
Middle East)
Office of
Thrift
Supervision
Office of the
Comptroller of
the Currency
Internal
Revenue
Service
Bureau of
Engraving and
Printing
United States
Mint
Under Secretary
for
Domestic Finance
Financial
Management
Service
Bureau
of the
Public Debt
Financial Crimes
Enforcement
Network
Alcohol
Tobacco
Tax and Trade
Bureau
Fiscal
Assistant
Secretary
Deputy Assistant
Secretary
(Fiscal Operations
and Policy)
Deputy Assistant
Secretary
(Accounting
Policy)
Assistant
Secretary
(Intelligence and
Analysis)
Deputy Assistant
Secretary
(Intelligence and
Analysis)
Deputy Assistant
Secretary
(Security)
Deputy Assistant
Secretary
(Financial
Institutions
Policy)
Assistant
Secretary
(Financial
Institutions)
Deputy Assistant
Secretary
(Financial
Education)
Director,
Community
Development
Financial
Institutions
Fund
Assistant
Secretary
(Financial
Markets)
Deputy Assistant
Secretary
(Federal
Finance)
Deputy Assistant
Secretary
(Government
Financial
Policy)
Assistant
Secretary
(Terrorist
Financing)
Deputy Assistant
Secretary
(Terrorist Financing
and Financial Crimes)
Office of
Foreign
Assets
Control
Executive
Office for
Asset
Forfeiture
Deputy Assistant
Secretary
(CIP and Compliance
Policy)
Assistant
Secretary
(Tax Policy)
General
Counsel
Deputy
General
Counsel
Deputy Assistant
Secretary
(So. and East
Asia)
DEPUTY SECRETARY
Deputy Assistant
Secretary
(Chief Information
Officer)
Assistant
Secretary
(Management and
CFO)
Deputy Chief
Financial
Officer
Deputy Assistant
Secretary
(Management and
Budget)
Director,
Office of
Emergency
Programs
Deputy Assistant
Secretary
(Western
Hemisphere)
Deputy Assistant
Secretary
(Investment Security)
Deputy Assistant
Secretary
(Intl. Dev.
Finance and Debt)
Dep. Chief of Staff
& Executive Sec.
White House Liaison Director of
Operations
Special Envoy
to China and the
Strategic Economic
Dialogue
Chief Economist
Deputy Assistant
Secretary
(Bus. Affairs and
Public Liaison)
Deputy Assistant
Secretary
(Tax Policy)
Deputy Assistant
Secretary
(Tax Analysis)
Deputy Assistant
Secretary
(Int’l Tax Affairs)
Deputy Assistant
Secretary
(Reg. Tariff and
Trade Enforcement)
Deputy Assistant
Secretary
(TFI)
Director,
Office of Small
and Disadvantage
Business Utilization
Under Secretary
for Terrorism and
Financial Intelligence
Deputy Assistant
Secretary
(Departmental
Offices
Operations)
Deputy Assistant
Secretary
(Privacy and
Treasury Records)
Deputy Assistant
Secretary
(Human Resources
and Chief Human
Capital Officer)
Director,
Office of
DC Pensions
Office of the
Speechwriter
The Foreign Investment and National Security Act of 2007 established an additional position of Assistant Secretary of the Treasury
who will report directly to the Undersecretary for International Affairs. The nominee for the position is pending Senate confirmation.
Once a nominee is confirmed, the reporting structure of the Office of the Undersecretary for International Affairs will change.
Office of Policy
Planning
Office of the
Procurement
Executive
Assistant General
Counsel
(General Law, Ethics,
and Regulation)
Assistant General
Counsel
(Banking and
Finance)
Assistant General
Counsel
(International
Affairs)
Assistant General
Counsel
(Intelligence and
Enforcement)
Chief Counsel
(Internal Revenue
Service)
The Chief Counsel, Internal Revenue Service is an Assistant General Counsel of the Department of the Treasury reporting to both the
General Counsel of the Department and the Commissioner of the Internal Revenue Service.

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Unsecured US debt will destroy the fabric and Constitutionality of our government – This is partly why

24 Wednesday Sep 2008

Posted by CricketDiane in Alexander Hamilton, Creating Solutions for America, cricket diane, Illuminati, Physics of Change, Principles of Economics, Quantum Physics, Thoughts, Twenty-first Century, Uncategorized, United States of America, US At Home - Domestic Policy, US Constitution, US Government, USA -1, walking dead men club, Workable Solutions

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ancient sea, Apples and Oranges, Capitalism, Creating Solutions for America, credit default swaps, Cricket Diane C Sparky Phillips, cricketdiane, Democracy, economic crisis, Economics, Economy, foreign investment, free market economy, freedom of choice, global economic crisis, Global Economy, government bailout, Illuminati of One, IMF, International Concerns, macro-economic future forecasting, market financial derivatives, microeconomics compared to macro economies, mixing apples and oranges, Money, mortgage backed securities, Principles of Economics, representative government, republic, Solutions, stock market, stocks and bonds, US Constitution, US Economy, USA, Workable Solutions

The difference between strategies and policy for microeconomic projects

compared to

strategies for macroeconomic systems where structural integrity is involved.

Written by Cricket Diane C Phillips, 09-24-08

In a macroeconomic sense – a nation and its underlying economic fundamentals are not like the structure of any business organization. It is because in an economy of scale, its components are nonlinear, progressive and intertwined whereas one shift in any part affects all other parts.

Such as when an increase in the cost or availability of gasoline, petroleum-based products and diesel fuel influenced all other elements in the system, barring none. Tangible shifts, however minute, expand across wide and varied elements within the structure and ultimately affect the whole as a self-driven, sustaining mechanism.

When de-regulation made it possible to create complex and faulty financial products, it essentially counterfeited secure and healthy currency forms, secured insurance products and other tangible assets. Consequently, just as huge amounts of counterfeit dollars will tear apart the foundation of the macroeconomic structure, so have these.

It is as if the market has been flooded with currency of no value which, unknown to the customer was traded for assets that had real value, such as real money, physical properties, and tangible assets, including stocks and facilities of actual companies.

The same damage has happened in both cases which involves systemic risk to the structural integrity of the system and its underlying fundamentals. As everyone has traded in these counterfeit currencies of unsecured and unwarranted value, the elements of our economy founded on relative international valuations of our real currency, the US dollar, and profit-driven dynamics of tangible assets have been undermined.

What happens when someone passes a counterfeit $20 bill? Whoever took it in trade for real products is out the twenty dollars and its use to purchase something of value.

What happens when that is in trillions of dollars? This is what has happened in a macroeconomic sense. It is not enough to throw some money at it to make up the difference in damage scenarios when it is this sizable and extraordinary.

What happens when one person gets taken in an insurance scam which either refuses a policy paid in good faith or is incapable of paying a return for premiums given? That can result in losses of several million dollars in actual fact, because of the insolvency it creates, missed opportunities to have sought secured insurance elsewhere and long-term impacts with no ability for restorations and immediate recovery.

Magnitude and multiply that out over the entire system of financial instruments in the US and International economies. Can it be resurrected with a few strokes of a pen or bail out measures hastily enacted? It isn’t a company on simply a larger scale.

The US economy is vibrant and dynamic. It is multi-dimensional. Financial institutions do not rest on a lateral one-dimensional level within the system. The stock market, as absurd a place as it is, does not constitute real value nor does it hold an inherent capacity to destroy the US and International economies. It was unnaturally given this power through a scheme to defraud with intent, perpetuated by those qualified and educated to know better.

This is impacting values by being allowed to underwrite debt as a tangible security with no actual validity or substance. Without real collateral to insure, they served as insurance illegally tendered and traded across massive arenas. Without tangible assets to back them up, counterfeit currency types and currency surrogates in the form of complex financial products were sold in trade for tangible assets of value.

The speculations of value were unregulated and corrupt. The arm of Congress determining legislation that would by statute, allow the counterfeit and fraud to be stopped were corrupt and the banking industry self-policing watchdogs were greed-driven and corrupt. Given the education level and expertise of all in these positions, they had every reason to know what it would cause ultimately.

In a multi-dimensional, dynamic system such as our macroeconomic system with its capitalist, free market model, systemic structural components must be addressed in their entirety to effect correction. This doesn’t mean, “fix the whole thing at once.” It does mean that it cannot be viewed in the manner of, “fix the costs in the mailroom and it will resolve our bottomline.” That basis of thought will not yield the same results in a larger context that isn’t a business nor is a giant conglomerate entity. The US economy isn’t simply some big umbrella corporation with everything housed within its confines doing business to make a little money and cover its costs. That is not the model of a macroeconomic system.

It’s easier to look at like this:

1. Everybody plays by the same rules.
2. Fraud and corruption isn’t tolerated.
3. The system is interactive, multi-dimensional and dynamic ( as in, ever fluctuating and moving.)
4. All parts do, in fact, influence all other parts at an integral level.
5. When the supply and demand model doesn’t naturally prevail, something is artificially hindering that process by intent or design and can cause failure in the system.
6. Un-secured, non-collateralized debt securitization instruments are capable of nothing, in and of themselves. The actions by which they are passed off as tangible liquid assets when they are not, has been made illegal because those actions are inherently fraudulent, criminal and destructive.
7. Market dynamics are a valuable tool to understand some of the underlying machinations in the overall oscillations of an integrated system. However, they are poor tools to use for the determination of policy and policy choices available.
8. Since without jobs, people don’t pay for houses, without financing houses – banks don’t have moneys to loan and then businesses can’t borrow to make jobs, etc. ad nauseum, it may seem that it is simply a big circle or loop. But in fact, it is not. Because , if everyone had a job and paid for their house and banks were able to lend for businesses to grow, there still wouldn’t exist a thriving and dynamic economy. It would be flat.
9. Healthy macro economies are not flat. They cannot be served successfully in a single-dimension mentality because they are not flat, nor round, nor circular, not linear and definitely not status-based by integrity and fundamentals.
10. However, macroeconomic models in free market capitalism can be and, healthy ones usually are status-driven. Other types of economic systems whether nationalism or socialism, can have defining factors that are not constrained by the principles of the free market systems. In a fair market, competitive advantage is gained by distinction, by value (real value), by service models of advantage and competency, not be defusion, fraud, lobby, corrupt uses of influence, criminal abuses of the systems and unnaturally-gained competitive advantage.

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United States Founders on Corruption and Government – Cricketdiane

21 Sunday Sep 2008

Posted by CricketDiane in Economy, Thomas Paine, Thoughts, Twenty-first Century, Uncategorized, United States of America, USA -1, walking dead men club

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America, American Constitution, Cricket Diane C Sparky Phillips, Cricket House Studios, cricketdiane, cronyism, Democracy Is An Action Word, free market economy, Intelligentsia, macro-economics, monarchy, nepotism, representative government, stock market, Thomas Paine, US economic crisis, US Economy, US Government, US politics, US Treasury

The character therefore of the revolutions of the present day distinguishes itself most definitively by grounding itself on the system of representative government, in opposition to the hereditary. No other distinction reaches the whole of the principle.

Having thus opened the case generally, I proceed, in the first place, to examine the hereditary system because it has the priority in point of time. The representative system is the invention of the modern world; and, that no doubt may arise as to my own opinion, I declare it beforehand, which is, that there is not a problem in Euclid more mathematically true than that hereditary government has not a right to exist. When therefore we take from any man the exercise of hereditary power we take away that which he never had the right to possess, and which no law or custom could, or ever can, give him a title to.

Dissertations on First Principles of Government, Thomas Paine, 1795

http://www.cooperativeindividualism.org/paine_dissertations_on_first_prin.html

“I see the United States Government breaking the first principles upon which our representative government system is founded. They may need to regroup and consider their options. Is there any way they would hear us say so and do that?” – Cricket Diane C “Sparky” Phillips, 092108 – USA1

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