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Tag Archives: Sparky Phillips

A couple thoughts about how our country got into the mess where we find ourselves now –

12 Thursday Mar 2009

Posted by CricketDiane in Cricket Diane C Sparky Phillips

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Simon Singh

The Code Book: The Evolution of Secrecy from Mary, Queen of Scots to Quantum Cryptography.

New York: Doubleday, 1999.

A history of codes and ciphers and the role they play in warfare and politics.

Robert W. Stephan

Stalin’s Secret War: Soviet Counterintelligence Against the Nazis, 1941-1945.

Lawrence, KS: University Press of Kansas, 2004.

An examination of Soviet military counterintelligence and deception operations against the Nazis during WWII.

[Top of page]

CIA & OSS History

Christopher Andrew

For the President’s Eyes Only-Secret Intelligence and the American Presidency from Washington to Bush.

New York: Harper Collins Publishers, 1995.

Ray Cline

The CIA: Reality vs Myth–The Evolution of the Agency from Roosevelt to Reagan,
(Revised edition of The CIA under Reagan, Bush and Casey).

Washington, DC: Acropolis Books, 1982.

The author, a former top official of the Agency, discusses what clandestine work in an open society is like, why it is needed, and how it can be carried out effectively.

Arthur Darling

The Central Intelligence Agency An Instrument of Government to 1950.

State College: Pennsylvania State University Press, 1990.

A look at the bureaucratic struggles that led to the development of the CIA and the battles that ensued afterward.

Douglas F. Garthoff

Directors of Central Intelligence as Leaders of the U.S. Intelligence Community — 1946-2005

Washington, DC: Center for The Study of Intelligence, Central Intelligence Agency, 2005.

A comprehensive study of how politics, institutions, and personalities influenced the DCI’s ability to oversee the Intelligence Community.

https://www.cia.gov/library/intelligence-literature/index.html

***

https://www.cia.gov/search?NS-search-page=results

Query 2004

^^^

https://www.cia.gov/search?NS-search-page=results
Query for 1972

***

I come before you speaking as a former member of this committee, and also as a member of the 9/11 Commission, which unanimously supported the creation of the DNI as part of our recommendations to improve the national security of the United States.  The creation of the Office of the Director of National Intelligence back in 2004 was not without controversy.  Many of you were skeptical of the institution from the beginning; others may have grown so over time.  But I ask you to keep in mind that the DNI remains a work in progress and that on balance, I believe the organization has thus far been a net benefit for the intelligence community and the country.

That is not to say that it doesn’t still have many challenges to overcome. However, I feel that most of those challenges can be associated with the growing pains of a new institution.  I am honored to provide you with my thoughts today on how we can best address those challenges to ensure that the DNI in practice represents what it was envisioned to be in theory.

First, I’d like to give you some history about the inception of the DNI leading up to the 2004 legislation. Then I’d like to give a short analysis of where I think the DNI is succeeding today, and where it is falling short.  Those two pieces together will provide an analytic framework for you to use going forward as you exercise your Constitutional responsibility of Congressional oversight.

Pre-9/11

The history of the Director of National Intelligence does not begin in 2004 with the 9/11 Commission’s report, as is often assumed.  In fact, the idea of a Director of National Intelligence dates back to the creation of the Central Intelligence Agency, and the inherent institutional insufficiencies of the Director of Central Intelligence.

http://www.cnponline.org/ht/display/ContentDetails/i/2418

***

My Note –

Why does this matter when we are in the midst of an economic crisis? It matters because it shows how politically based appointments throughout many agencies of our government including this one, have changed the basics of understanding within those agencies – (among other things.)

It is also true that budgets cannot always rule the day, profits and profitability cannot always be the decision-maker and structures of power have to be considered in light of accountability.

Not only does every agency of our government and business communities have far reaching impacts, but they also have wielded far-reaching power with extensive and massive ripples of unintended consequences from policies, policy applications and choices made for whatever reasons.

As I searched for the significant players, decision-makers and those whose choices were the basis for policy and policy applications, I found many times that the course of leads came back to the intelligence community, finance businesses, investment banks and their officers, government players in elected and appointed positions operating as if their choices and decisions affecting everyone thereafter were no one’s business but their own. That, I would say, is the dominant and over-riding theme that moved like a thread among all of them. And, I asked myself, when did they start thinking about it in this way. And, now I’m asking why they started thinking about it this way and whose ideology it was.

– cricketdiane09, 03-11-09

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Thoughts and Solutions for the US and Global Economic crisis – continued –

30 Friday Jan 2009

Posted by CricketDiane in Cricket D, cricket diane, Cricket Diane C Phillips, Cricket Diane C Sparky Phillips, Cricket Diane Designs, Cricket House Studios, cricketdiane, crickethousestudeios, CricketHouseStudios, diane c phillips, Economics, Economy, Inventing Solutions For America, Money, Physics of Change, Principles of Economics, Real Time Crises, Reality-based Analysis, resourcing, Rocket Science, Solving Impossible Problems, Sovereignty of the People, Sparky Phillips, Statistical Analysis, Systems Analysis, Thoughts, Twenty-first Century, Uncategorized, United States of America, US At Home - Domestic Policy, Workable Solutions, XI-1

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While one drop of water added to an ocean does not seem to change the overall system, it inherently does in some respects, much as any small draft of air changes the atmosphere of a place and influences the system in some way. Macro-economic systems are most like dimensional fluid system models given to be influenced by flow rates, thermodynamics, fluctuations of pressure and degrees of change within event horizons of elapsed time, constraints of environment, among other things. So too, are macro-economic systems inclined to be influenced, to maintain a non-ordinary type of equilibrium and to vary from mean (absolute) stability by extraordinary amounts within the tolerance of internal (good, healthy) balance. They are really quite remarkable.

So, to the questions –

* What would create stability in the world economies as efficiently and effectively as possible, in the most natural, and non-obstructive, non-obtrusive manner?

1. Tell everybody in America to take $10 and using basic skills of business (as an applied science) – make it into $20 in less than a week without spending $500 to do it. That’s first because if they can figure out how to do that they can probably get their own financial house in order in some measure.

2. Second, is to put in place the proper and appropriate legislation to correct and regulate the financial sectors including re-creating any and all mortgage instruments (in place) that exist as an ARM or any similar type thereof. And, make it illegal to create such mortgages as ARM and “Interest Only” in the future.

3. Next, or simultaneously, pay the money directly to the foreign investors that are behind the scenes hounding us for it at ½ of 1% face value as an intermediate stopgap measure and explain it for “what is actually being done and why,” in an honest manner.

4. Re-regulate as should have been done or should have been left in place all along to force prudent lending / borrowing practices regardless of the industry. This would go farther to create stability and restore “trust” than any one other thing.

5. Drop hindrances in the marketplace as mentioned from startup filings and fees to visa and passport and patent fees / licensing fees. Add capital flows to regional, community and local banks specified to help grow businesses in the communities. And, fix this mess that some call, government inaction, ineptitude and dismal performance “business-as-usual.”

6. Well, sixth would be a couple of things and they go hand-in-hand. Since government bailouts are the order of the day, use some of those trillions to buy lined paper and pencils to give (free of charge and not by mail) to each and every American individual. This includes a set for every member of every family. And, a simple one-page synopsis to inspire its appropriate use such that they can help themselves and show their children how to do the same.

7. Get off the dime – because the same old song and dance isn’t going to get it anymore. Excluding some in the name of whatever the benefit to a few, isn’t based in the principles and foundations of democracy and equal opportunity for all.

Either, a.) facilitate it, or b.) get out of the way.

Written by Cricket Diane C “Sparky” Phillips, 09-27-08, USA

September 27, 2008 Posted by cricketdiane |

** My note added today –

* The system needs risk assessments / ratings for banks and financial industries based on fundamentals with real-time accuracy. Traditional valuation metrics and models do not apply any longer and new accurate models need to be created which accommodate fluctuations in current real-time values more closely aligned with when those fluctuations occur.

* Projections forecast from previous years, previous recessions or even, previous months are not predictive in the current situation. Using these to forecast anything in the economy or in a business or industry is certain to be inaccurate to a widely unpredictable and varying degree.

– cricketdiane, 01-30-09

***

Inventing Solutions For America – Ways to Stop the Free Fall of the Economy while protecting our Republic and free market systems –

Are there any ways to maintain our free market systems integrity and stop the free fall of our economy while preserving our representative republic and principles of democracy?

* we need to get some options on the table first of all. With many, many great and innovative ideas along with known methods and their consequences, it would seem we have plenty that could work in some combination. But, these are not on the table as viable options and they must be to even be considered.

* money and money-making enterprise do not happen in an isolated system – meaning that economics in a broad sense is flowing, fluid and dynamic rather than closed-loop stasis or “static”. Some, in fact many, options that may work well in a closed-loop or static system don’t work in the same manner on macro-economies of scale.

At the point in which a macro-economy becomes static and ceases to be a moving target to be fixed, it is normally too late to mask its demise. Certainly, its “fixable” but not only do many corrections and stimulations need to be done simultaneously, but also the anticipated results and predictable outcome aspects are harder to adjust.

However, that being said, the greatest one solution that I can see is to awaken a new and extraordinary set of business models that serve the needs of our country and a global consumer base. That’s my opinion.

A set of new and more adequate technology groups, applications of current advances into business as products and services, applications of advances into transportation and supply services sectors, along with a greater use of effective, lower overhead delivery and marketing systems could make genuine positive change in the system.

It is not always about creating something nor in stimulating the manufacture of products (as has been made obvious in the intangibles being sold in financial markets.) However, at its core, without creating something, manufacturing something, selling some things that are tangible and concrete, without providing for real needs in the lives of people who as consumers, purchase them – there isn’t a marketplace nor macro economy construct, nor one to be fixed from disrepair and demise.

It is an absolute fact that money can serve no end but in trading for a commodity of some kind, by definition. It can’t provide nourishment by eating it, doesn’t warm nor clothe, and in the throes of our Great Society still won’t give its owner the basic provision of needs unless traded in acquisition of them.

Consequently, as a model of efficiency and first thrust while maintaining a form of government and market driven economy to which we’ve agreed, a number of influences can be rightly made.

Change the level of regulations downward and to a far less stringent and costly basis for start-ups of small and medium-sized businesses to stimulate immediate growth.

Enhance manufacturing incentives for companies in existence and starting up to apply new advances and technologies while helping to lower costs and train to use them and to apply them effectively.

Make it easier to sell wherever there are markets available for it without fourteen tons of paperwork, regulations and customs documents to do business anywhere around the world.

Encourage development of existing consumer-based possibilities by adding capital across the board into small and regional banks / community banks precisely for startups, for expansion, refurbishment, new technology and new employee hires to be made in the community.

Help make paperwork and systems supporting employees more user-friendly, based in reality and efficient.

Provide education to a higher level for all through direct subsidy of colleges to train any and all who would choose to participate of any age group. Provide innovation capital in a different way than currently exists whereby anyone can have some reasonable amount by application and good excuse to create what is theirs to create, barring none from access to this opportunity either by its difficulty, its screening process, its qualifiers for application, its costs or by virtue of no one knowing about it.

Stop micro-managing the twit out of everything as a government entity with four miles of paperwork, reports and time-consuming, man-hour consuming processes which are not providing oversight, coordination nor better service delivery. It would be helpful if the degree of coordination within the government among its members and agencies and programs were enhanced. But without an interface of coordinated and flowing interaction with the communities its serves, the government serves no useful purpose. Great strides in these areas have been made but some old ways are still stuck on stupid and remain to this day and to our great detriment.

Stop using our department of labor as a clearinghouse for jobs, screening and for potential employers to use as a temporary employment services agency and as a personnel / human resources department. That is not a facility of government nor of a democratic government, in particular, nor of a free market economy. It puts others in that business, out of business and out of employment. Free training was funded to be offered through DOL which has also become a hybrid of the antithesis of what was intended.

To many service workers and case managers in these human resources government agencies, programs that exist are unknown and at the local and state levels, the funds intended for the use of these programs have been diverted to other things. Often these funds are benefitting government employees, being used for training seminars and workshops to be covered for government employees in expense-laden convention and hotel facilities, giving bonuses and other opportunities to agency staff, administrators or local business “friends” and being diverted to cover pet projects and programs to the exclusion of others rather than where the funds were intended to help. These practices need to be stopped or modified.

Change passport, visa and international movement regulations, requirements and fees to something approaching good and common sense. It makes the opportunities to interact globally into a strange proposition of chance and undue expense. This includes movement of more than key executives wanting to vacation in Switzerland. The movement of business startups into the global arenas can be facilitated as well, but many small businesses could expand if their products and services could simply be offered in cities and regions across America where right now it is prohibitive.

Once fees, permits, licenses, registrations, patent fees, copyright fees, trademark fees, state filing fees and on and on, have been paid, applications made and not one sale has moved forward, why would anyone want to go through the process on the “iffy” chance it might work?

Written by Cricket Diane C “Sparky” Phillips, 09-27-08, USA

September 27, 2008 Posted by cricketdiane

***

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.

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.

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.

When de-regulation made it possible to create complex and faulty financial products, it essentially counterfeited secure and healthy currency forms, counterfeited unsecured insurance products and substituted tangible assets for toxic, illiquid ones. Consequently, just as huge amounts of counterfeit dollars will tear apart the foundation of the macroeconomic structure, so have these introduced systemic structural fissures across the macro-economic systems of the US and around the world.

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.

September 24, 2008 Posted by cricketdiane

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.

***
This is what we call a properly functioning market. When difficulties of this magnitude arise, fear and anger fuel the real world, long-term, far-reaching innovations that have made our world a better place and will inspire the applications of solutions to take our place in history as an improvement, rather than detriment.

The process of innovation is actually born in fear, not averted fear nor in diminished fear but in the real treacheries of fear.

September 25, 2008 Posted by cricketdiane

***

Is there any way that loans to these troubled industries would work? – I don’t see it –

What would be the natural consequences of making sizable loans or inter-industry trusts available to these industries?

1. they would want more, all the time it ends up being more, been there, done that.

2. they would by nature leave out some, possibly many deserving businesses which would fail.

3. they would be difficult to assess for collateral at real value and cumbersome to manage given the current off-balance sheet entities in place.

4. inter-industry trusts show more promise and in some respects represent facility because of their intimate knowledge of their counterparts. However, the government can’t fund them without sever consequence and abuse of these funds by the industries involved. The industries would have to pool resources and fund them, no wait – they’ve already done that and they’re the ones wanting the bailout from US coffers now.

5. See, the problem with taking assets (as the US government) is that the US government can’t be in the business of owning such assets nor of managing them and still have a free market economy. It fails to protect, enhance, progress nor strengthen capitalism but rather it becomes something else both as a system of government and as an economic model. It won’t do both capitalism and that at the same time.

6. Since there exists an immediate situation of concern and the American people have not agreed to another government and / or economic system – the loans having already been made, not having secured the situation as it stands – I would say that solution of ( the question of loans) doesn’t work.

7. These industries weren’t willing to take the necessary steps knowing them nor to adequately police themselves and their activities having a proclivity to abuses already. How can they be given a loan on bad debt that will simply be converted into another loan of 10x’s that “asset value” as a continuation of the same processes? Isn’t that the problem now as it is?

8. It seems neither grants, loans, bailouts, financial rescue packages or permits to steal are actually having any long-term positive effects given the nearly $1.1 trillion dollars +/- already used this year alone.

9. so – is there any way it could work? the basic problem is one of quality. So long as banking practices are to borrow 10:1 against assets while loaning 1:4 or 1:5 against assets then keeping the difference and not reinvesting into the safety and security of their businesses – how can any amount of money help in this? This manner of “prudence” is not prudent, not financially sound and while profitable, is not a good macro economic model for growth and prosperity. It will always yield the problem we are having now – that is what it does when done this way.

Written by Cricket Diane C “Sparky” Phillips, 092508, USA1

September 25, 2008 Posted by cricketdiane

* One definite plus is that going down at least there is movement. Apathy is bad at any place in the spectrum since it belies the essence of a stagnant and therefore, deteriorating economy, (even when it appears positive.)

Unfortunately, it would be easy to misinterpret apathy as stability which it is not. A stagnant economy promises bliss but delivers dangers of eroding and often overlooked, critically deteriorating foundations and structures. That is due in no small part, to the fact that healthy economies of scale are interactive, multi-dimensional and are fluid, oscillating structures, as a whole. It would be as if the entire ocean dried up or ceased all movement. The system would be stable in a sense but would certainly not thrived nor provide its measure.

* The other option that still has merit is an absolute and complete destruction of the questionable, unsecured and unregulated components at the heart of the mess. Then, let’s get some accountants in there and see what its all really worth from the valid profit / loss ratios and real assets. It would take an act of Congress that would, by necessity need to state unequivocally that no bankruptcies could be filed until all assets had been subjected to full accounting standards and disclosure with a revaluation entered on the Security and Exchange Commission’s books.

The shock of all the market players having to level the playing field by doing this at once would put all in the same boat with the equipment to repair it before it sinks. That is tangible enough for them to understand, anything else isn’t.

* There is one other thing I can think this moment would re-stimulate the credit/lending portion of the market. It is a principle of basic macroeconomics – make those financial and banking executives live for six months in the communities where the houses exist that they foreclosed. From there, they will see the potentials and possibilities to make money there with simply some influx of capital. And, believe me, they will not stand still long without making money.

* Of course, we could just put all of them in jail for the criminal nature of what they’ve done and for the destruction its caused. Under those laws of ill-gotten gain, even their underwear would revert to our ownership due to the laws in place since Reagan and subsequent Congressional legislation.

* The basic macro-economic principles upon which this is founded are “you can’t fix, what you don’t know exists,” and “when one thing is changed, all other things change in some measure.” It is the first and the most basic principles.

* If we want the bankers and decision-makers in the marketplace to work out something on the credit situation, we’re gonna have to get the traders, hedge fund managers and Wall Street brokers out of the way. The intense rumor-mongering and gossiping there has made the ladies at church socials look like amateurs.

* And, as much as I certainly don’t keep my opinions to myself, obviously, these folks have made more things intolerably worse that were already a very bad thing. The presumption of expertise for many involved in the market arena is easily more powerful by proximity. Within short order it could be averted by closing the markets for two days, locking the bankers in a room and tell them we’re not restarting the exchange until they’ve sorted out the credit squeeze and toxic assets (in a manner acceptable to our economy and all of us, including our government experts.) Let our taxpayers buy the coffee and they can rent the hotel.

* We could use solutions that we have that we already know don’t work – that’s always first on my list, so I’ll know where it is and what that was.

* We could close (shut down) the markets for two days so our traders and our investors would get hungry to do some more wild trading. Without that rush for two days, they might have to “get a life”, look around and see where they stand in the real world.

It might help if they had to tour our America for a few days to see all the closed up shops and have to talk to people but I suppose we can’t make them do that. But, it is a thought.

* Democracy was written into our foundation partly as a tenet of freedom but also as a way to measure parity. If opportunities exist only for some, then a Republic will not stand and will, sooner or later, fail to its own devices as it melts into Aristocracy, monarchy or some dissolute type of system.

There are always many ways to do anything where only a few are benefitted. The tenets of democracy remind me that what is required is to create solutions that benefit all, not just to do for a few at the expense of many.

* The way to create something that works is to use these innovations now when it matters most – not later after you’ve raped, pillaged and plundered the US Treasury and the authorities of the offices of President, Treasury, Federal Reserve, Securities and Exchange Commission, Office of Thrift Supervision and on and on and on – up to and including certain chairs in our Congress.

* And, I’ve already learned what it is like to live in the America they have created, that they have refused to protect, and that they have allowed and encouraged to be raped, pillaged and plundered by Wall Street and unmitigated, unrestricted trade in illegally created, unreliable credit products. The banking industry isn’t loaning money when they have manufactured the problems that exist for a faulty base of enterprise.

For some reason, sitting on the banking committee, our Congressmen and Senators thought that meant to do whatever the bankers believe will make them happy. And to what end?

Have they protected the value of our money? No, apparently not.

Have they seen to it that our homes were secure, that our jobs were available, that prosperity is available to each of us when pursued appropriately? Not just no, but hell no.

Have they insured that our economy is robust and vibrant and thriving? Obviously not.

Have they been making certain that our Democratic system and free market economy would survive their tenure and authority? Well – let’s see . . .

* That is, all of us are experiencing this disaster except the bankers and Congressional members who aren’t affected by their own criminal, negligent and corrupt business practices.

None of the Congress members passed necessary regulations to prevent this, but they knew to do it because Secretary Paulson brought them information from the international fiscal community that explained why it had to be done and the risks of not doing it.

They didn’t do anything to have protected our interests long before now and today, as usual, they are serving the bankers again.

* Leadership, in and of itself is not the answer to our plight. There is not now, nor will there ever be a preeminence in our leadership that extends beyond our own common sense as human beings and citizens alive in our time. For that would be a dictatorship in which we would have no part or decision to make.

* “Leadership” has refused to pass legislation making these faulty unsecured credit products that banks have been trading in and lending on back and forth into an illegal instrument. It has counterfeited the true value securities and contributed, not in part, but wholly to the crisis which we are all experiencing.

* Because they have served these banking industry and speculative traders and investment banking wants over what was best for us, they chose not to do anything about it to serve the interests of the same industry fraught with disregard that they are serving today.

* They’ve had the money and didn’t create jobs or keep jobs available because they weren’t willing to temper their profits and dividend payouts and borrowing against questionable assets and continuing to play the game and use their companies as a gambling fix. And, that is the only thing they are doing now at the expense of the American people and our futures one more time. It doesn’t matter to them that they destroy everything we hold dear to do it either. That’s obvious.

* Everyone knows as a matter of public record that laws have been twisted, manipulated and broken by these companies which have resulted in real losses for millions of people around the world along with destruction of markets here and abroad.

The individuals that have been involved can exert as much influence as they can bring to bear on this free credit card for their dangerous gambling behaviors but it won’t matter.

When the markets both in Wall Street and throughout the streets of the United States were impacted by their behaviors, very real and tangible results were caused in the lives, fortunes, opportunities and basic necessities of real people.

This affected real people’s lives in tangible and decimating ways around the world. It destroyed the livelihoods and communities to such an incredible extent that it is hard to imagine a Democrat or Republican ever sponsoring a bailout for the culprits.

* Another reason that the government bailout of banks, investment banks and finance companies isn’t going to work is because any business that participates in taking that money or selling worthless high-priced assets into it, will be known for the fraudulent, negligent and risky business it is. It will be known for engaging in shoddy, possibly criminal business practices for even needing to touch one cent of that money.

* It could not be that difficult to create a manageable system of regulations that can be reasonably followed by any business. But, as far as I know, when I go to borrow money the terms aren’t $40 for every $1 of collateral I offer.

And, from where I sit, the regulations about starting and maintaining a business and suiting the regulations that exist for any business I might have, are extraordinarily oppressive and little resemblance to possibility and practicality are in them.

Apparently that is not the case for these huge businesses with their staffs of people and experts and lawyers and typists and money coming out their ears.

And, with the accountants they have? How could they have not gotten this right?

* I say this because the takeover of AIG and others in the manner they were done was and still should be illegal for very sound and practical reasons. Aside from that, I would never build a company in a nation that would simply come in and take it over as it suits them and unfortunately, the country where I find myself is just such a country. Whether large or small enterprise, our nation has become a place where any business can be taken over by our government as it suits them to do so for a variety of reasons. I would say that fact has gone farther in drying up capital than any thing else. Why do business here when it isn’t user-friendly and after building the thing, our government can take it?

* It is an inordinate amount of power to make bad choices, that rests in the hands of our government today, when a choice is not a choice at all, nor a call for real solutions that work, nor a useful measure of anything except the opportunity to make law to get away with what should be illegal and to fail to make laws that should made.

* For every dollar that these companies take out of our US Treasury, they will face a factor many times over of lost trust, failure of public confidence and maybe even face legal difficulties from it later, however long it takes to catch up with necessary legislation and legal enforcement.

** It won’t be very long before it becomes obvious. Either these politicians are covering their own assets, which is possible, or they are covering the assets for a business interest or industry exerting enormous and persuasive pressure on them.

* It is an indication of something other than a capitalist economy but one rather of manipulation of law and derision. It is not built on strengths and ever growing to innovate, flex and respond. It is based on degradation of opportunities for all but a few. At a point, there would exist too few in the “game” to sustain itself and that could be what we have now in a sense. It is a highly destructive form and yields extremely unstable, vulnerable and eventually useless business environments. The businesses it produces must inherently be so too.

* When you’ve prohibited competition and free trade at many levels of our economy by excessive, restrictive and oppressive regulations and allowed no regulations at all in the sectors at the highest levels, it became a system unqualified to be considered a free market economy.

* Wall Street does not own Main Street – they just think they do. They’ve done this for a time to rob the profits and opportunities of Main Street to line their pockets, create their “golden parachutes” and to support their style of living to which no one should become accustomed considering how its been unnaturally and illegally manufactured.

They have been the most anti-social, psychotic and manic deputies of finance in the history of the human race – its little wonder that these financiers have served no sum gain but their own and done so without conscience nor remorse.

* Its getting a little inbred up there in Washington plans and processes never change – can’t be faulted for consistency. That’s wrong no matter how you look at it. Redefines “intellectual inbreeding” to a whole new level.

September 26, 2008 Posted by cricketdiane

** From Fast Money Show on cnbc tonight,

it was explained that the investment bankers were allowed to borrow $40 for every $1 (that’s one dollar) – they had in “assets” and who knows what those actually were. How does that work? If I have something from the dollar store, you will loan me $40 with that as collateral?

Whose idea was that? Why would anyone have failed to stop that practice and regulate it in an appropriate manner? Were the Congressional committees responsible for legislation on these matters, dead in their chairs or what? That defies the sense that anyone might have for sound business practices. And, I think the show indicated that banks put up a $1.00 as collateral assets to get $12 which, although somewhat better – what kind of financing mentality is that?

September 26, 2008 Posted by cricketdiane

* what would happen if we “hit the bottom” and had to start again? how soon would that happen? are there any ways to maintain free market systems integrity and stop the free fall of our economy while preserving our representative republic and principles of democracy?

* what would stimulate economic growth? as quickly as possible?

* what would create stability in the markets quickly, effectively and in the most natural, non-invasive and non-obstructive, non-obtrusive manner possible?

Creating workable solutions to the economic and credit crisis in the US and Intnl communities – First Step – Get the right questions –
September 25, 2008 Posted by cricketdiane

what would happen if we “hit the bottom” and had to start again? How soon would that happen? Are there any ways to maintain free market systems integrity and stop the free fall of our economy while preserving our representative republic and principles of democracy?

* we would bounce, probably scrubble about on the bottom for awhile and then we would get real solutions in place and restart. However, I’m not looking at a chart or analysis projection in front of me, so making do with the analysis in my head, I would almost bet we hit bottom last Thursday, so we’re already there. Or, rather its already come up to meet us depending on how its considered.

* if it is not considered the bottom and we have a further and more dramatic shift downward, what would that be? No matter what we do now by throwing money at the problem, jobs will continue to be lost by the rate of 60,000+ each month continuing well into next year. The figures for each month over the course of this year have been in the 80,000 +/- neighborhood except for April, I think it was, when the US government arbitrarily added 34,000 government jobs that artificially optimized the numbers. I think it would have been the month that entered as a determinant in economists’ view of “Recession” calls or not – anyway to make it look okay they added a whole bunch of government jobs and I never found confirmation for warm bodies being employed in any appreciable number of them.

* since the housing markets have been so severely and artificially inflated, for quite some time and due to the levels of mortgages that as ARMs will be resetting over the next year, that situation is only going to continue to grow. This will happen regardless unless a change in the mortgage structures is made.

* apparently the difficulties of this have gone about the same in consistently deteriorating conditions month to month since last year, easily observed in data. There were indications apparent to the international community economic commissions long before that because efforts were being made to demand the US make necessary corrections immediately since pre-2005.

* real unemployment is likely around 15% or higher and the Department of Labor is using numbers that are “filtered” to appear better than they are. The historical figures to which they are being compared were not based on number of new applicants for unemployment benefits. The actual numbers being espoused by the Dept. of Labor are not representative nor an accurate portrayal of reality because they only relate the number of first time requests for assistance through the unemployment benefit program.

From the time that employee benefits stop through unemployment insurance, they are no longer counted in the total even though they are very likely still unemployed. The small business owners whose businesses have been decimated already are not represented in these figures as unemployed either, because they aren’t allowed to apply for benefits. The elderly that have been being employed part or full time and been let go are not being counted. Those who were fired, quit or harassed into quitting are also not included. The other significant populations who were already 85% unemployed regardless of their employability are the disabled individuals and disenfranchised populations generally. These are most certainly not included in the figures either.

* percentages of foreclosures, while varying by area, are very likely well past 12%. Existing home sales numbers have been so (faulty) because of combining distressed property sales figures with full-price sales numbers, that these can’t be used for analysis. Home values have already taken a portion of the pricing adjustment, but not all. I had found a mortgage overview online that shows each state with a rollover and index of how many outstanding mortgages exist of different types, the number of mortgages in overdue status and similar elements. It shows a huge number of mortgages all over the country that are either already distressed or will soon be reset to their higher “ARM” adjustment rates. Since nothing is addressing this other than sparse state by state efforts, it is likely to increase the number of total foreclosures for the year and follow into next year.

* The bailout would devalue the currency by some critical degree however, having thought about whether that would be offset by other factors or mitigated in some specific manner – I’d say now that, no. The devaluation of our currency and current rate of inflation will not be offset for the 96% of the population and +/-97% of the economy where it would matter most.

* The number of jobs added each month to grow the economy in the United States is estimated to be (an additional) 150,000 per month. This had been a standard gauge of growth before the recent 18+ months of job losses that will not and have not been replaced in the economy. These losses of around 80,000 jobs each month will not be regained immediately. The 93% of jobs added since 2003 have been added, not by big business but apparently by small to medium-sized businesses, according to the foxbusiness news reports tonight. (Better look that one up, I was only half listening.) It is roughly accurate however, and the actual numbers and percentages can be located through the National Association of Small Business Owners or through the Chamber of Commerce, Federal Reserve, Department of Commerce and CIA databook / factbook data pages, (by city, region, state, national and by dates.)

* For new building permits and other new projects – my guess is that those will happen in some manner because the government at the state, local and federal levels stimulates these directly. The commercial projects in my area have restarted already with refurbishing of malls, strip shopping center developments being started or continuing, stores being refurbished, etc.

Written by Cricket Diane C Sparky Phillips, 09-26-08, USA

September 27, 2008 Posted by cricketdiane

Dimensional systems cannot be fully stabilized in the same sense as one boat or ship can be, that rests only on the surface or submerged within it. In macro economic and other dimensional systems there is a point of dynamic harmony that can be reached – an imperfect equilibrium that can be (not kept or maintained), but rather allowed to move and develop in place. It will reach its own oscillating zenith and nadir points along a dimensional axis, which means more or less, its own (Mandlebrott style grouping) but in a multi-dimensional array. That seems clearer in my mind than to say it but what it shows is a propensity to and always toward chaos (as seen in chaos theory) and away from linear stability in any one given direction. This is by nature as it should be, (and part of why flat, linear graphs fail to convey the system properly.)

September 27, 2008 Posted by cricketdiane

***

At the point in which a macro-economy becomes static and ceases to be a moving target to be fixed, it is normally too late to mask its demise. Certainly, its “fixable” but not only do many corrections and stimulations need to be done simultaneously, but also the anticipated results and predictable outcome aspects are harder to adjust.

***
Purchasing the mortgage instruments from banks, investors, and companies to bail out banks for the purposes and functions of liquidity does not do one significant thing to insure that the unfair and untenable mortgage products subjecting homeowners to financial and property loss are properly corrected.

And so – back to the questions for “Inventing Solutions for America”

* what would create stability in the markets quickly, effectively and in the most natural, non-invasive and non-obstructive, non-obtrusive manner possible?

* what would stimulate economic growth? As quickly as possible?

Strangely enough, I had to put these questions together to answer them because in some ways they are the same thing. And, in other ways to do the one prohibits the other, either way.

* now, before I get accused of insensitivity – which may be the case, regardless, – the best way for me to know what the hands available to me are capable of doing in order to help myself, is to get paper and pencil to the task. It reminds me of the only assurance I have of available help that can be trusted in any real measure.

* As much as we gather hand-in-hand to a task or to the accomplishment of a set of tasks and goals, will they rest in our hearts and minds as we walk in our dreams and own imaginings of the possibilities, innovate solutions and create what can work to make things better?

* I might be insensitive suggesting that everyone in America be given paper and pencil to work it out – but there you go – it does work – there is a sense that is inspired beyond reason and creative, innovative and inventive, as well as powerful. The best place I know to start for any great accomplishment of fact is in a pencil and paper.

September 27, 2008 Posted by cricketdiane

It is an absolute fact that money can serve no end but in trading for a commodity of some kind, by definition. It can’t provide nourishment by eating it, doesn’t warm nor clothe, and in the throes of our Great Society still won’t give its owner the basic provision of needs unless traded in acquisition of them.

Consequently, as a model of efficiency and first thrust while maintaining a form of government and market driven economy to which we’ve agreed, a number of influences can be rightly made. Change the level of regulations downward and to a far less stringent and costly basis for start-ups of small and medium-sized businesses to stimulate immediate growth. Enhance manufacturing incentives for companies in existence and starting up to apply new advances and technologies while helping to lower costs and train to use them and to apply them effectively. Encourage development of existing consumer-based possibilities by adding capital across the board into small and regional banks / community banks precisely for startups, for expansion, refurbishment, new technology and new employee hires to be made in the community. Help make paperwork and systems supporting employees more user-friendly, based in reality and efficient.

September 27, 2008 Posted by cricketdiane

***

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Our economy has very real systemic problems with the integrity of its fundamental structures. Maybe they ought to fix the holes in the bucket before putting more water in it.

30 Friday Jan 2009

Posted by CricketDiane in Banks Banking Bailouts Wall Street Foreclosures Bankruptcies IMF World Bank Federal Reserve US Treasury, Cricket Diane C Sparky Phillips, cricketdiane, US At Home - Domestic Policy, US Government, US budget, US and State budget deficits, budget cuts, Constitutional issues, US economic crisis, US debt

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***
I am convinced that there is a rarefied (thin) air around places like Wall Street and Washington, D.C. – its as if because everyone agrees that a thing is so and is a certain way, then it therefore is. And, since no other viewpoint or perspective is given credence – any other valuable insight and its resulting good judgment is lost. Things that would not make any good sense in light of the facts and factual reality anywhere else, make the rounds in Wall Street and Washington as if they are perfectly reasonable when they are not. Anything that differs from the way they want to believe it is and the way they all mostly agree it is – simply gets discredited, mocked and ignored.
September 20, 2008 Posted by cricketdiane

It is evident that we have been watching the decimation of the American system of government, economic model and balance of power. There are possibilities of fixing the specifics and making appropriate corrections without tearing the foundations into an unrecognizable interpretation. – cricketdiane

September 21, 2008 Posted by cricketdiane

So, I thought about this and it occurs to me that if a person were looking at me and the house behind them was raging with fire, would I really be concerned with convincing them of what they couldn’t see was endangering them and whether there is a fire or a matter of my opinion about a fire or why I think there is a fire? Or would I just shove them out of harm’s way and go put out the fire? Some things genuinely aren’t a matter of rhetoric.

Saying this is to say – we have people making decisions both in Wall Street and in Washington that have never bought their own groceries or had to make a choice between their car insurance and having the electricity bill paid. The rain never touches their heads, the pavement never touches their feet and ideas of what is what are constrained by the limited, rarefied environment where they exist. It makes Disneyland look real in comparison and more in touch with reality.

September 20, 2008 Posted by cricketdiane

create standard mortgage form, practice and allowable percentages using Fannie Mae and Freddie Mac – not for purchase but for conversion process.

**

make all credit default swaps and all other non-regulated credit derivatives of a similar nature null and void. This spreads out the absorption ratios across the board and has the least amount of systemic risk.

**

re-collateralize all debt and liability obligations to a government standard across the board and rate by same standard of measure.

**

allow defaults and bond defaults to be born by those companies currently in the business of holding them having profited from them already.

**

make ARM, interest-only and negative amortization practices for loans illegal and force reset of all currently held ARM products – to reset at current market rates in their own company’s expense to conform to new Fed guidelines.

**

using already proposed guidelines for international standard – force sound principles of accounting and make off-balance sheet accounting illegal.

**

set up commission of regulatory standards insulated from lobbyists and answering to Fed Treasury and Congressional leadership.

**

end speculative short selling as an acceptable practice, make appropriate regulatory changes to commodities speculation as quickly and evenly-handed as possible. Speculation cannot be allowed to drive real value and prices in the marketplace.

**

and – don’t bail out what can’t be fixed by throwing money at it. That will devalue our currency while arbitrarily causing prices to increase and consequently for the cost of living and even the most basic necessities to skyrocket while not actually repairing the systemic fragility that exists.

**

Just give everybody a million dollars and we’ll pay our own damn mortgages – Cricket Diane C “Sparky” Phillips

For $700 billion dollars, each and every man, woman and child in the United States, legal and otherwise, could be given $1 million dollars each and pay off their own damn mortgages. Then the rest of the money could be used to bail out these corporations from their criminally negligent behaviors.

The credit default swaps, derivative instruments and exotic financial products backed up by air can be nullified and made illegal where the losses would be spread across those foolish enough to have bought them, traded in them and used them as an asset class. The defaulted mortgages already foreclosed are covered by Fannie Mae and Freddie Mac as well as by the “housing bill” already passed and the US Treasury could go back to doing the more sane things they are qualified to do.

The time to fear a market collapse has passed. The confidence game is over. This opportunity for change will not wait for the new president to pick out the drapes to be resolved sometime next year. But, since the government believes it is well within their sense of normalcy to spend another trillion plus dollars – they may as well give everyone whose feet are standing in this country, a million dollars each to solve the problem where they stand. At least something would get done.

Written by Cricket Diane C “Sparky” Phillips, 09-21-08, USA

September 22, 2008 Posted by cricketdiane

When you’ve had the position as a decision-maker in all this – how is it you figured that doing whatever Wall street friends thought was best would work out? Didn’t it occur to you that anything which requires “confidence” to keep its value is a con game intended to profit for no real return? It was a con game. We were had. They got away with it. There is nothing but air backing it up. Countries around the world are realizing they got “had” too. What did you think would happen? It was a con.

Written by Cricket Diane C “Sparky” Phillips, 09-22-08, USA

It doesn’t matter if everyone on the Hill, and on the Street are in on the game – its still a con built on lies.

Around the world, there is disgust and dismay for the corruption of the economic system and the current behavior of our government concerning it. The financial industries and US government financial branches were warned ahead of time to correct the accounting abnormalities, resolve the unsecured debt instruments being packaged and resold, fix the unregulated “insurance” business of derivatives and their complex bond default swaps, and told that to not do so threatened the stability of the global markets and monetary systems.

This isn’t about a feeling of confidence, mood or emotion. The lies upon which our current markets rest are depleting the valued resources which once represented something. Now they don’t offer jobs or job growth, nor secured tangible assets nor in fact, do they stand on or offer anything to the American people.

September 22, 2008 Posted by cricketdiane

***
In fact, until the reality could no longer be avoided as a negative evident to everyone, there were still “experts” saying it was all alright and simply a “bubble”. With a dollar worth little more than ten cents in 1976 money based on its actual ability to buy something, the “experts” continued to say that there was not a problem. And the US government insisted it would all be okay.

Now – who is living in a deluded fantasy land? Is it me or the people who’ve lost the equity in their own homes and can’t sell them for the money owed on them? Or the people trying to get gasoline for cars they can no longer afford now that their credit cards are maxed out? Or the people that are applying for jobs where 78,000 other applicants are vying for the same job that think there will be a job for them “right around the corner”?

***

Look around the world, they are mocking us as our diplomats and state department officials seek to push our policies of free market economy and representative democratic government on others, while we are using socialist, communist and dictatorial policies and practices in this and other eminent situations. The rest of the world is dropping their level of willingness to put up with America and the arrogance of demands for others to conform to a model the US isn’t honoring.

As you’ve reduced our world respect and standing to a complete joke of arrogance and contempt for everything we stood for, you and your Wall Street buddies turn to blame everyone but yourselves. You can discredit what I may say about it all – how is that going to make any difference?

Our industries are a poor shadow of what is innovative in the world. Our stock market is a loose cannon imploding on its own corruption and greed. Our politicians warm unearned seats by their own self-serving complacency and willingness to sell every principle of America down the river to protect their own riches and positions of power.

Our voices aren’t heard, our interests aren’t protected and our representation in our government is extraordinarily lacking. The current planned bailouts and already consummated bailouts are evidence of a government serving the interests only of themselves and their rich friends. They want to force it to be done in a short period of time without any recourse through the courts if it turns out to be unconstitutional to have done it, such that no new administration elected by our choices could possibly ever interfere with protecting their friends’ interests.

September 22, 2008 Posted by cricketdiane

I’m not the one that sunk hard-earned money into a 401K that is worth half its value now. I’m not the one who sold “securities” that were constructed on air with nothing to back them up. I’m not the one that borrowed money leveraged against them nor the one that sold them around the world.

I’m not the one who created a counterfeit form of US currency in the form of credit default swaps and complicated derivative products designed to get assets in return for nothing. I’m not the one who built businesses upon this nor that was in the enforcement business that should’ve stopped it. I’m not the one who ignored the international monetary commissions about correcting all this.

I’m not the one who acted like it would all be okay so long as everyone believes it is and keeps buying the worthless paper for more than the last person did. I’m not the one that said it won’t hurt anybody or made the choice to refuse regulating or legislating appropriately for it.

So, the banking, finance and investment industry has taken advantage of our ignorance and made fools out of all of us. The politicians laughed in their sleeves and mocked us for not catching on, all the while in full knowledge of what was going on. And, you think I’m crazy?

The Danger – the Economy in the US is based on a con game – Cricket Diane C Sparky Phillips
September 22, 2008 Posted by cricketdiane

As homeowners across the United States have lost their jobs and homes, where do we find the stories of their “new lives” in tent cities, campgrounds, parking lots and streets across America? Is it in our press with our precious freedom of the press and rights to freedom of speech? No, – it’s only made public in other countries where there is a willingness to show the New Great Depression in America with their contempt about our complete refusal to address it at all.

When the stock market and US economy was actually in grave danger earlier this year, did the US press cover the reality of the situation where solutions could be given and created? Of course not, out of deference to the superstition that to tell the truth of the situation would somehow make a bad market occur, create a recession and cause stocks to value lower.

***

“Over the past few years, CDSs helped transform bond trading into a highly leveraged, high-velocity business. Banks and hedge funds found that it was much easier and quicker to just buy and sell CDS contracts rather than buy and sell actual bonds. As of the end of 2007, they had grown to roughly $60 trillion in global business.”

“Credit default swaps written by AIG cover more than $440 billion in bonds.”

Quotes from:

http://www.reuters.com/article/reutersEdge/idUSMAR85972720080918?pageNumber=1&virtualBrandChannel=0

How AIG fell apart
Thu Sep 18, 2008 1:55pm EDT
By Adam Davidson
(Explanation of the credit default swaps in a clear manner -)

***
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=auCzaUuqODfc

Democratic Senators Christopher Dodd and Charles Schumer have said the Federal Reserve, which is getting $200 billion in special funding from the Treasury this month, has the authority to take on a broader role.The Fed’s role expanded further when the central bank agreed on Sept. 14 to accept a broader range of collateral, including equity, in exchange for loans to investment banks. The central bank today said loans to securities firms soared to a record $59.8 billion yesterday.

At the Fed’s request, the Treasury yesterday instituted a supplemental funding program for the central bank allowing it to expand its balance sheet. The Treasury has announced a total of $200 billion of bill auctions so far under the program.

***
http://www.nytimes.com/interactive/2008/09/15/business/20080916-treemap-graphic.html?WT.mc_id=glob_mrktg_lnk3&WT.mc_ev=click

September 15, 2008
A Year of Heavy Losses

A year ago, financial companies were flying high. But as problems in the mortgage and credit markets have grown, the stocks of many Wall Street firms have been hard hit. Some of the biggest companies have been bought out, taken over by the government or gone bankrupt.

*** Wonderful interactive chart describing the losses in blocks by company and comparison from Oct 07 – Sept 12, 08

***

http://www.unodc.org/unodc/en/corruption/index.html

“Corruption hurts the poor disproportionatelyby diverting funds intended for development, undermining a government’s ability to provide basic services, feeding inequality and injustice, and discouraging foreign investment and aid”.

Kofi Annan, United Nations Secretary-General
in his statement on the adoption by the General Assembly of the United Nations Convention against Corruption
The Global Programme against Corruption

Corruption undermines democratic institutions, retards economic development and contributes to government instability. Corruption attacks the foundation of democratic institutions by distorting electoral processes, perverting the rule of law, and creating bureaucratic quagmires whose only reason for existence is the soliciting of bribes. Economic development is stunted because outside direct investment is discouraged and small businesses within the country often find it impossible to overcome the “start-up costs” required because of corruption.

***
When properly underwritten, alternative mortgage products, including those with payment options that can result in negative amortization, confer benefits to both financial institutions and homebuyers. The American consumer could suffer greatly from any guidance that imposes unduly restrictive standards on the use of these mortgage products.
Proposed Guidance – Nontraditional Mortgage Products March 27, 2006 Page 5 of 10
The Agencies’ concerns about tighter underwriting standards for Interest Only and Option ARMs may be unwarranted. Our members report that borrowers with Interest Only and Option ARMs tend to have higher incomes and higher FICO scores than borrowers with traditional mortgages. The Proposed Guidance also cautions lenders to assume that borrowers make only minimum payments during the deferral period when calculating the amount that the loan balance can increase. There is no evidence to support this assumption. While no aggregate database exists for alternative mortgages at this time, our members have reported that such alternative mortgage loans are amortizing more quickly than traditional mortgages. This would suggest that these alternative mortgage borrowers are making much more than minimum payments. When assessing an institution’s exposure on mortgages with simultaneous second-lien loans, the Agencies should consider all mitigating factors, including whether the institution has retained all the risk or sold or insured a portion of it.

Re: Proposed Guidance- Interagency Guidance on Nontraditional Mortgage Products 70 FR 77249 (December 29, 2005)

from post –
September 23, 2008 Posted by cricketdiane
***

** MY NOTE –
now there is obviously a lot wrong with this one – from the point at which is says “our members report that . . . borrowers with Interest Only and Option ARMS tend to have higher incomes and higher FICO scores than borrowers with traditional mortgages.” According to everything we now know about this – what was being presented was a lie, no matter how it is viewed.

***

“And in those deals, they sold protection as often as they bought it — although they rarely set aside the reserves they would need if the obligation ever had to be paid.

In one notorious case, a small hedge fund agreed to insure UBS AG (UBSN.VX: Quote, Profile, Research, Stock Buzz), the Swiss banking giant, from losses related to defaults on $1.3 billion of subprime mortgages for an annual premium of about $2 million.

The trouble was, the hedge fund set up a subsidiary to stand behind the guarantee — and capitalized it with just $4.6 million. As long as the loans performed, the fund made a killing, raking in an annualized return of nearly 44 percent.”

Excerpt from :

http://www.reuters.com/article/newsOne/idUSN1837154020080918?pageNumber=3&virtualBrandChannel=0&sp=true

Buffett’s “time bomb” goes off on Wall Street
Thu Sep 18, 2008 1:42pm EDT
By James B. Kelleher – Analysis

***
http://news.sky.com/skynews/Home/World-News/Tent-Cities-Spring-Up-In-The-US-Credit-Crunch-Making-People-Homeless/Article/200809315103250?lpos=World_News_News_Your_Way_Region_9&lid=ARTICLE_15103250_Tent_Cities_Spring_Up_In_The_US%3A_Credit_Crunch_Making_People_Homeless

‘Tent Cities’ Spring Up In The US

3:10pm UK, Friday September 19, 2008
Communities of homeless people living in tents are cropping up across the US as the effects of rising unemployment, repossessions and the credit crunch bite. (with photos.)

***
Bankers didn’t want regulations messing up their negative amortization loans and profits in high risk ARMS

http://www.fdic.gov/regulations/laws/federal/2005/05comguide.html

reference courtesy of Michael  Blomquist at GretaWire on FoxNews at 2.03 a.m.

– On this webpage above that he suggested in his post, I found the statement on my previous post that was made by the trade association ACB – America’s Community Bankers which outlines their disagreements with, and positions concerning the Federal government’s financial agencies proposed regulations. This document came from December 29, 2005 and was apparently one of many instrumental in deflecting the proposals from being enacted. – (my comments)

http://www.fdic.gov/regulations/laws/federal/2005/05c22guide.pdf

Why was there ever a loan to cover “interest only”? How could that have ever made sense in light of sanity?

***
Does anyone in the financial industry know what a “moral hazard” actually is? Well, there’s a line you’ve all already crossed like it wasn’t even there. Barney Frank is apparently working for the banking industry – not for us. And so are some others in Washington under the guise of protecting our interests.

There comes a point at which shoes simply must get the shoestrings tied whether the kid wants it that way or not. I don’t see how it is any different with finance industry regulations, whether that suits them or doesn’t or whether they want to keep doing things in the same way that will surely mean the downfall of all of us.

I am offering my plan – not because the experts can’t handle it but because they aren’t and they haven’t – my opinion is at least as sensible as theirs, in some ways certainly more so. Perhaps it will inspire something other than what they are planning to do that will work better.

Written by Cricket Diane C “Sparky” Phillips, 092308, USA

September 23, 2008 Posted by cricketdiane

***
My list of what is lacking in the US government $700 billion dollar bail out plan –
Statistics and probability involved in using $700 billion and altering the free market dynamics therewith

macroeconomic policy in the public domain for extant systems

integrity – justification – structural deficiencies resulting from this action

socio-economic probabilities

policy constraints

econometric analysis of outcomes

and parameters for resultant conflicts

divergence theory and collusion (of effects and outcomes)

deficit spending macroeconomic results (known)

growth dynamics (probabilities)

outcome scenarios – event horizon and logistics

**
political doctrine constraining application

foreign policy dynamic component for international cooperation and continued progress

September 24, 2008 Posted by cricketdiane

***
The Treasury plan, which follows a new federal guarantee for money market fund holdings, would push Washington’s potential bailout tab to $1.8 trillion.

http://www.cnbc.com/id/26808715

**

Apparently nearly two trillion dollars isn’t going to be enough either because our economy has very real systemic problems with the integrity of its fundamental structures. Maybe they ought to fix the holes in the bucket before putting more water in it.

Oh yeah, and its bring your own fuel, if you want to run around the US anywhere in a vehicle that doesn’t have two wheels and some pedals.

September 24, 2008 Posted by cricketdiane

** My note today –
Apparently the Republican Party didn’t mind spending over $10 Trillion dollars during their administration while cutting services and every social program in the country and every safety net available to the American people. And, they didn’t mind spending another $2 Trillion dollars in the last few months of their lease on power. But, oh how they have decided spending is not a good thing now as evidenced by their stonewalling passage of the current stimulus bill introduced by Democrats to help Americans directly, help families, feed people destitute from the economic blight, help communities and create jobs.

But that doesn’t matter, because the Republican party is serving the desires of those who line their campaign coffers – not the people of the United States, nor their futures. It is so not fair because I have believed in the Republicans and the Democrats in Washington to get the job done for us. Can’t they just do that?

– cricketdiane, 01-30-09

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Don’t buy credit default and derivative instruments out of the game – undermine their premise and destroy the legal use of these credit default instruments. They are unregulated, unauthorized, unqualified and unsecured.

30 Friday Jan 2009

Posted by CricketDiane in Alexander Hamilton, America - USA, Creating Solutions for America, Creating Solutions for Real-life, Creating Solutions That Work, Cricket D, cricket diane, Cricket Diane C Phillips, Cricket Diane C Sparky Phillips, Cricket House Studios, cricketdiane, crickethousestudeios, diane c phillips, Economics, Economy, How-to, Intelligence, Macro-economics future forecasting, Money, Reality-based Analysis, Statistical Analysis, Twenty-first Century, Uncategorized, United States of America, US At Home - Domestic Policy, Workable Solutions

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This isn’t going to be a class war. That is not going to describe what it is that will happen as a result of all this. For every dollar that the US government puts in to “solve” these problems by bailing out these greedy short-sighted, profiteering companies, investment houses, insurance businesses and others, that dollar meant a sacrifice of something a family did without, an hour worked, a vacation not taken, a house going into foreclosure, a car payment not made so that those taxes could be paid. It wasn’t free money then and it damn sure isn’t free money now.

But our government gives hundreds of billions of dollars to these companies that gambled, played games with investor’s moneys, made poor and in some cases criminal choices, created confidence schemes for profit at the expense of everyone else, extended themselves without any reasonable level of resources to back up their “plays” and generally, have run our country, our economy and our government slap into the ground along with their companies’ profitability. What kind of USA is it that has allowed this to happen, has encouraged it, has failed to regulate it, has essentially allowed a counterfeit currency to be developed and spread throughout our financial system?

Alright, there are that articles explain it very clearly. The financial members of Wall Street were allowed to sell pieces of paper built on air, fantasy and lies for premiums of $2,000,000,000+ a year. They were regulated by people engaged in the same folly who chose not to regulate it at all because they were participating in it.

And now, the US government is going to take all these worthless pieces of paper that have no value but complete liability and pay these companies to get them. There is currently something over $60 trillion dollars of these in the market and much of it is due for payout on defaulted bonds, mortgages, commercial loans and others. So, now we are going to pay them and we going to buy these derivatives with our government moneys. And then what will they do? – Hold these liabilities and do nothing?

***

What sum gain that is worthwhile is being offered by these investment houses, banks and financial institutions besides being bigger and better at lies and stealing than the rest of us?

And, besides undermining the value of every retiree’s earned retirement funding, stealing their promised health care benefits through their companies, and closing plants, these same companies laid off people, refused to make wages commensurate with the real costs of living and the real value of talent and time, withheld raises, dropped benefits and made employees produce to cover four people’s manhours of work or more.

These jackasses were doing unusual things and using unsound practices for profiting on these derivatives, credit default swaps, unfunded debt instruments. They also were paying millions in premiums to have these corrupt financial “insurance” products available and reselling them to one another, knowing they were very likely worthless and are now going to rob the people of the United States and the international community to cover their liabilities and poor choices.

So, this means that while unsecured paper was being sold for millions and millions of dollars, the small business administration wouldn’t loan for a start up unless three banks had turned the applicant down and they had enough collateral and good credit to essentially not need the loan at all. But at the same time, real value – real money – was being given for literally no back up, no assets underwriting it and no possibility of ever paying out what it was securing.

September 20, 2008 Posted by cricketdiane

Money held in a Mason jar for two years won’t be worth its value when placed there. Money in the stock markets are simply feeding brokers a living.

Money put into companies that are allowed to make up their value by imagination rather than intelligent review of resources to liabilities will yield nothing or less than nothing.

Money placed into world currencies will be devalued over time as the dollar yield is the basis of their relative backstop valuing. And, the value of real properties are not based in reality which therefore will rob the owner rather than yield for the investment and time.

What this leaves is not worth considering. Second of all, there are people making these economic decisions from sources in the US that are more inclined to political and personal gain than in the overall impacts of their actions.

When they existed within the framework of private enterprise, these impacts were limited by the range of influence. Then, in the positions of power within the US government economic agencies, their ranges of influence became far-reaching but even less properly understood.

It is not possible to offset the reality that is occurring, no matter how it is “framed”, no matter what propaganda and spin is given to it, no matter how differing views are discredited. These won’t make any difference because it is not perception of reality that counts but rather that reality is what matters.

As people see that US dollars simply have no value, they will know it. Just as people discovered that the equity in their homes became a negative value rather than a positive one despite the years of paying payments honorably, they will also know as their money isn’t a usable way to take care of bills, food, gasoline, insurance, house payments and other needs.

As people realize that the interest on their credit cards are no longer a few percentage points, but rather a 22% – 26% rate, regardless of their timely payments on them, they will know that is real dollars unavailable to them for other things.

As the cost of getting to work and making errands becomes a choice between other needs or gasoline to put in the tank for continued employment, they will “get it” that the devaluation of the dollar makes a difference to them personally.

September 18, 2008 Posted by cricketdiane

US Economic Crisis – credit default swaps and derivative products – an opinion of solutions – Cricket Diane C Sparky Phillips

A valid opinion about the credit default swap products, credit default instruments and derivatives in the market collapse crisis – US and World Markets –

Don’t buy credit default and derivative instruments out of the game – undermine their premise and destroy the legal use of these credit default instruments. They are unregulated, unauthorized, unqualified and unsecured. Let everyone across the board lose on the “pretended” value of those and make it illegal to ever create them or trade in them again. They are not valid products in the marketplace because they weren’t secured in the first place.

Businesses cannot sell, create, nor trade an “insurance” product that is non-collateralized, unsecured and without any real asset value, no matter what premium is being paid for it. That is untenable. Make them all illegal across the board – not the bonds they insure, but the credit default instruments that have been created back-room, over-the-counter, hand to hand.

That one action would insure the solvency of around 90% of the companies and funds that have been dealing in them. The other 10% of these entities can be made solvent by other more traditional means.

Install industry-wide accounting standards and remove (illegalize) all asset classes which are not secured and backed by real, tangible assets. There should no longer be anything that is considered “off balance sheet” accounting practices. That it was considered standard operating policy is a lesson for the future that it may never be tolerated again because of its destructive components.

Have all ratings agencies rate on the same basis of factual evidence and remove the magnitude of power held by these agencies. The ability of ratings agencies to call the shots and manipulate the markets is too great. That much power to force re-collateralization and depletion of resources as companies shift assets to do so has no business sitting in the hands of these ratings agencies.

Force the re-capitalization of those companies and financial institutions that are under capitalized within a specific set of parameters and definitions with a limited time period, even if that is two years out. Define the acceptable legal ways and asset types that are the only ones to be tolerated. And, demand this be done immediately to insure solvency across the markets. The impacts of this one element would go farther to stabilize world economic growth and US economic stability as a whole than any one other thing.

Written by Cricket Diane C Phillips, 09-19-08, USA

September 19, 2008 Posted by cricketdiane

Credit default swaps and unfunded debt the US government wants to buy – Glossary of Terms –

Unfunded Liability – that means there is nothing but air and bullshit backing it up.

Credit Default Swap – I’ll cover a bond that will never go into default in trade for a premium of several million dollars a year just in case it does, but there are no assets to back it up if it defaults.

Illiquid Debts – pieces of paper known as “instruments” in the financial industry that aren’t worth the paper they are printed on, representing a promise to pay out billions of dollars if a bond defaults or some other financial “instrument” defaults but has no physical assets underwriting it.

Off Balance Sheet – means that anything detracting from the bottom line is kept on a separate record unless asked for in total available liquid assets in which case these items are added in the total to make it look better.

Distressed Debt – assets built on air, promised in value by delusional fantasy, collateralized by lies and very creative loose interpretations of reality that nobody wants to buy for any price but everyone is using as an asset class (for leverage) to get credit.

Leverage – opaque ways to hide the risk and get moneys available to you anyways as a business. In common usage, this means having $5.00 to buy $5,000,000,000 worth of stock, options, and/or properties, companies, bonds, physical assets. And borrowing the $5.00 used in the first place.

Government Regulators – a group of friends that you hire to work in the government run office that covers your industry that agree with your way of doing things and are normally appointed by the people whose campaigns and campaign shindigs you funded.

Government Regulations – something in the way of making the profits you think you deserve and serving no other useful purpose.

Derivatives – market products that are “made up” by the imaginations and machinations of those working with them – completely unregulated, high-risk, and profitable with no requirements on the part of those who create them.

Tax-base / US Treasury / Federal Reserve – private bank to cover any potential losses that might occur if and when things don’t do as planned.

Liability – something that financial institutions incur when their favored political party isn’t in power. Sometimes, it also means a column on the off balance sheet accounts that doesn’t count against any other financial influx. But, surprisingly enough can undermine the value of any and all real assets in the company.

Poker – a low risk game similar to golf with less margin of error than financing.

This glossary (above) written by Cricket Diane C Phillips, 09-19-08, USA

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A few more significant solutions for the economic crisis – and a thought about “confidence” versus Trust and Integrity

30 Friday Jan 2009

Posted by CricketDiane in Business Methods, Creating Solutions That Work, Cricket D, cricket diane, Cricket Diane C Phillips, Cricket Diane C Sparky Phillips, Cricket House Studios, cricketdiane, CricketHouseStudios, diane c phillips, Economics, Economy, Intelligence, Macro-economics future forecasting, Money, Reality-based Analysis, Reasoning, resourcing, Solving Impossible Problems, Sovereignty of the People, Sparky Phillips, Sword of Truth, Systems Analysis, Thinking Skills, Thoughts, Twenty-first Century, Uncategorized, United States of America, US At Home - Domestic Policy, US Government, USA -1, Workable Solutions

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What would stimulate the economy? as quickly as possible? (increase liquidity) –

* Shutting down the government for one full day would probably save enough money to pay for the bailout twice over. Just a thought.

* Placing a moratorium on Congress and the Executive branch to stop any and all further spending for one year beyond what is already in place, would probably be more than enough to fix just about everything and have some leftover to send every one of us to Disneyland at least once, next year.

* Stop bailing out and paying for the same things three times over, as someone pointed out on tele news last night, by the time lawyers have billed by the hour to manage these non-performing assets and everything that goes with it, the $700 Billion will be that much many times over. Aside from that, our government has already bailed out these mortgages and mortgage-backed securities twice over as of where we stand today. To what end are we covering the same costs a third time? And how many sources of funds have they hit up for this already? Its a lot more than is being reported. (I say this because I have found many pieces about parts of it, here there and yonder in diverse places of public reporting from international sources to buried reports in US news outlets.)

* Eight elements of broken trust must be repaired, not only in business to public but also in restoration of government to public trust. Without repair of these elements, it will be very close to impossible to accomplish anything of merit.

* Any politician, business executive, decision-maker, legislator and leader who does not know what these eight basic elements of trust are, that have been broken with the public – doesn’t need to hold the position of authority they have. – (and that’s because they also wouldn’t understand why these elements of trust are important and dear to uphold, either.)

* When America upheld this trust, the foundations of prosperity and freedom were strong. As these have been allowed to be broken and abused, the possibilities of both have rested on shallow, infertile ground subject to the whims on one hand and the disdain on the other.

This is not an academic debate, but rather a practical, valid one. For business, prosperity and government are not “games of confidence.” By continued support of those they serve, do they continue to exist and prosper. Therefore, it is truly a matter of genuine trust that is at stake. Without that trust being upheld and given honor – we get the very results we have now.

The eight tenets of trust are:

* Respect

* Mutual Honor

* Integrity

* Willingness to Temper (or Suspend) Personal Gain for Higher Principles

* Fairness and Decency

* Service / (Citizenship)

* Fair and Reasonable Use of Discretion and (Choice), Free Will

* Honesty of a Genuine Nature

(my list – I hope yours is not varied by far from these because these are sound and well-placed. Leadership in any real sense demands these be upheld and kept by honor. They don’t happen automagically.)

Restore these and our economy will grow – without them we will accomplish nothing and our decimation will be our own doing.

Written by Cricket Diane C “Sparky” Phillips, 09-27-08, USA

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05 Monday Jan 2009

Posted by CricketDiane in Uncategorized

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American Politics, bailouts, banking, bonds, Business, Business Practices, commodities, corporate America, corporate fraud, corporate welfare, corporations, credit crunch crisis, credit default swaps, credit derivatives, Cricket Diane C Phillips, cricketdiane, currency values, economic crisis, Economics, Federal Reserve, financial derivatives, financial institutions, financial markets, foreclosures, global economic crisis, Global Economy, Great Depression of 2008 2009, Housing and Finance Committee, housing market, international business, International Concerns, investment banking, investments, macro-economic future forecasting, macro-economics, mortgage backed securities, mortgage defaults, Office of Thrift Supervision, Politics, principles of democracy, Principles of Economics, recession, Securities and Exchange Commission, Sparky Phillips, stock market, stocks, tax cuts, US business, US chamber of commerce, US Congress, US currency, US dollar, US dollar value, US economic crisis, US Economy, US foreclosures, US government bailouts, US government policy, US Senate, Wall Street

* What if corporations have been converting assets into investment portfolios? Then they are now in the business of managing those portfolios rather than in the running of the business they are in.

* Statistics are a strange animal. Unlike foxbusiness reported a couple months ago, when statistics show a percentage of homes in foreclosure or default, it does not in any way imply that the greater percentage are being paid on time.

If 5% of the homes are in default, that does not mean that 95% are not. Especially as over 4 million homes have already been foreclosed in the past five years. Obviously, 95% are part of a total that excludes all the homes that have already been foreclosed.

It fails to accomplish the task of statistics, which is to provide an accurate overview of the magnitude of the problem.

* There is a chart that shows a huge number of homes whose mortgages will be resetting over the first six months of 2009. The number of jobs lost, layoffs and business closings that have created our substantial unemployment will have rippling effects through our economy that have not been tallied yet. Neither of these facets in the economy have been accurately projected by the “experts” as seen on the news and likely those advising our government leaders.

http://www.iht.com/articles/2008/08/03/business/mortgage.php

October 16, 2007
The Honorable Barney Frank Chairman Committee on Financial Services House of Representatives
The Honorable Spencer Bachus Ranking Member Committee on Financial Services House of Representatives
Subject: Information on Recent Default and Foreclosure Trends for Home Mortgages and Associated Economic and Market Developments
Substantial growth in the mortgage market in recent years has helped many Americans become homeowners. However, as of the latest quarterly data available, June 2007, more than 1 million mortgages were in default or foreclosure, an increase of 50 percent compared with June 2005.1 Defaults and foreclosures on home mortgages can impose significant costs on borrowers, lenders, mortgage investors, and neighborhoods. Additionally, recent increases in defaults and foreclosures have contributed to concern and increased volatility in certain U.S. and global financial markets. These developments have raised questions about the extent and causes of problems in the mortgage market.

http://www.gao.gov/new.items/d0878r.pdf

***

tk3 31 days ago
Sent
That is how fascist and even socialists attempt to ru(i)n a country;
Now the U.S. presses printing money are melting while more overseas investors are closing their investment checkbooks.

Only the tip of the iceberg showing so far as the U.S. government has loaned, invested or committed …

* $200 billion to nationalize the world’s two largest mortgage companies, Fannie Mae and Freddie Mac;

* $25 billion for the Big Three auto manufacturers;

* $29 billion for Bear Stearns;

* $150 billion for AIG;

* $350 billion for Citigroup;

* $300 billion for the Federal Housing Administration rescue bill to refinance bad mortgages;

* $87 billion to pay back JPMorgan Chase for bad Lehman Brothers trades;

* $200 billion in loans to banks under the Fed’s Reserve Term Auction Facility (TAF);

* $50 billion to support short-term corporate IOUs held by money market mutual funds;

* $500 billion to rescue various credit markets;

* $620 billion for industrial nations, including the Bank of Canada, Bank of England, Bank of Japan, National Bank of Denmark, European Central Bank, Bank of Norway, Reserve Bank of Australia, Bank of Sweden, and Swiss National Bank;

* $120 billion in aid for emerging markets, including the central banks of Brazil, Mexico, South Korea and Singapore;

* Trillions to guarantee the FDIC’s new, expanded bank deposit insurance coverage from $100,000 to $250,000; plus …

* More trillions for other sweeping guarantees.

The grand total? A mind-blowing $7.8 trillion and counting!

– This was a comment found here –

U.S. mortgage foreclosures, delinquencies hit record high

By Steve Kerch
Last update: 10:00 a.m. EST Dec. 5, 2008
Comments: 102
SAN FRANCISCO (MarketWatch) — The percentage of U.S. mortgage holders who were behind in their payments soared to a record 6.99% of loans outstanding in the third quarter, the Mortgage Bankers Association said Friday, and foreclosures were also at new highs. Just under 3% of U.S. mortgages were somewhere in the foreclosure process, and MBA Chief Economist Jay Brinkmann said mounting job losses were sure to send that figure higher in coming months. Problem loans in California and Florida accounted for much of the increase, the MBA said. More than 19.5% of all subprime loans were seriously delinquent in the quarter, meaning they were more than 30 days past due. End of Story
http://www.marketwatch.com/news/story/us-mortgage-foreclosures-delinquencies-hit/story.aspx?guid=%7BC65B276A-6851-48FE-BBE0-76ADC197DD0C%7D
***

http://www.newyorkfed.org/mortgagemaps/

***

My comments – (continued)

People without jobs and those whose hours have been cut at their existing jobs do not spend money in the same way as those fully employed.

Although living with limited or no income is far more expensive than living with a substantial income, the variety of choices for spending money also changes. For instance, more is spent on food and less on clothing. The choices change and with limited means, it is far more difficult to get good deals on what is purchased.

In a larger sense, this means that mall stores will see a drop in sales and there will not likely be repurchase power for homes over quite some time. Restaurants will no longer have as extensive a customer base nor as regular a repeat business. Frequency of customer use in many businesses will be lost. And, new customers won’t be available either.

People don’t paint houses they don’t own unless that is their business to provide. They don’t remodel or put upgraded flooring or appliances in houses that have been lost. They’re not going to buy new bedding or window treatments for the guest room when they now live with relatives or in the homeless shelter.

All of which begs the question – what happens when everyone is selling and no one is buying? Will businesses continue to go to their conventions, rent hotel rooms, buy airfare for employees and attend seminars? Will those industries suffer, too?

Will businesses continue to buy advertising to promote themselves to an audience who can no longer buy their products and services? Will the printing, advertising and promotions businesses still continue without the customer base available for their services?

Or, does it matter, because businesses have become investment portfolio managers rather than retailers, manufacturers, service providers or whatever? How long will that hold out when they are losing the money that is coming in the door from the customer base they used to enjoy?

It certainly answers the question about what CEOs are paid to do. Apparently, they are the hedge fund managers of the companies’ portfolios of investments, stocks, bonds and credit default swaps. Those aren’t profits derived from their initial and primary business foundation. Ultimately, this puts no footing under their business whatsoever and undermines the very substance of their original business model.

***

So, as it turns out, the US government could have given a million dollars each to every man, woman and child, legal citizen or not, living in the US and solved the problems we face. Everyone could have paid off their mortgages, bought new cars, bought new clothes, appliances and goodies, paid for college educations, started new businesses and had money to live on for awhile.

It would’ve cost less than what they’ve done and solved nearly all the problems in our economy. And, for what they’ve spent now doing it their way and the way their favorite lobbyists for the bankers and chamber of commerce have insisted, every aspect of economic blight, weakness and disruption still exists. It hasn’t even made a dent in it of any significance and in fact, may very well contribute to a continuation and deepening of these economic difficulties.

Who taught these people in Washington to think? Are they capable of generating real solutions in that environment at all? Who let the bankers loan money they didn’t have in the first place? Who let corporations become hedge fund managers instead of pursuing better business practices for their primary products and services in the marketplace?

Who decided to bailout their friends with our money on a blank check instead of eradicating bad and nearly criminal business methods that are causing the problems? And, then who was it that turned around and blamed us for their ineptitude, lack of action to resolve these issues and unwillingness to serve the greater good?

There seems to be a certain inbreeding of thought and perception among the business leaders, financiers and politicians in our country. Are they capable of knowing the difference between using the real facts to direct decisions and falling prey to perception management which alters the facts to suit some particular outcome? Are they in a position to even discern the difference?

It is no longer a matter of what is left or right, conservative or liberal, business or non-business – when the tangible assets of our country are being converted to rubble and ruin. It isn’t a choice of who is capable of swaying the public opinion when the public is living with the outcome in every real sense and losing the opportunities of today and their future is constrained.

And, how could anyone believe that a $500 a year reduction on our federal tax bill make up for the tax increases that every state, county and local government is currently adding? Why don’t they just leave the tax codes alone and give the states the money they need?

By the time every fee is raised, every sort of tax is increased in every city, county, state and every other federal tax is hiked – none of us will have any money to spend anyway. Well over 50% of every income is already going to the government now. If it isn’t taxed one way, it is taxed another. There is a steady increase even today, of every tax and fee charged by the government and these were already inflated and exorbitant in many cases as it was.

I guarantee – it won’t be our children’s children that pay for this mess and the pathetic excuse for the “solutions” they’ve called bailouts and buying of bad debt by our government. It will be each of us and our children in the coming days, weeks, months and years that will be paying for it.

Our communities don’t exist to serve the needs of the community any more – they stand desolate and increasingly, in disrepair – their tax base has been destroyed – the very fibers of the communities have been decimated. How will taking $500 off our taxes two years from now fix any of that?

– cricketdiane, Cricket House Studios, Cricket Diane C Phillips, 01-05-09

Definitely check this out –

http://www.newyorkfed.org/mortgagemaps/

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What Would Stimulate the Economy? as quickly as possible? (Increase liquidity) – Inventing Solutions for America

27 Saturday Sep 2008

Posted by CricketDiane in Uncategorized

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America, America - USA, bailouts, banking, banks, budget deficits, Business, Business Methods, Creating Solutions That Work, credit crunch crisis, credit default swaps bonds, Cricket Diane C Phillips, Cricket Diane C Sparky Phillips, Cricket House Studios, cricketdiane, CricketHouseStudios, currency values, diane c phillips | accounting principles, Economic depression, Economics, Economy, Federal government, financial derivatives, global economic crisis, Global Economy, government corruption, Illuminati, Intelligence, Intelligensia USA, International Concerns, Inventing Solutions For America, investment banking, local government, Macro-economic analysis 2008, macro-economic future forecasting, macro-economics, Macro-economics future forecasting, Money, Principles of Economics, Reality-based Analysis, Recession - Depression, restoring America, Solutions, Solutions That Work, Solving Impossible Problems, Sovereignty of the People, Sparky Phillips, state budgets, state government, states, States Rights, Statistical Analysis, stimulus bill, stimulus package, stock market, Systems Analysis, Twenty-first Century, United States of America, US currency, US dollar, US economic bailout, US economic crisis, US Government, US government policy, Wall Street

What would stimulate the economy? as quickly as possible? (increase liquidity) –

* Shutting down the government for one full day would probably save enough money to pay for the bailout twice over. Just a thought.

* Placing a moratorium on Congress and the Executive branch to stop any and all further spending for one year beyond what is already in place, would probably be more than enough to fix just about everything and have some leftover to send every one of us to Disneyland at least once, next year.

* Stop bailing out and paying for the same things three times over, as someone pointed out on tele news last night, by the time lawyers have billed by the hour to manage these non-performing assets and everything that goes with it, the $700 Billion will be that much many times over. Aside from that, our government has already bailed out these mortgages and mortgage-backed securities twice over as of where we stand today. To what end are we covering the same costs a third time? And how many sources of funds have they hit up for this already? Its a lot more than is being reported. (I say this because I have found many pieces about parts of it, here there and yonder in diverse places of public reporting from international sources to buried reports in US news outlets.)

* Eight elements of broken trust must be repaired, not only in business to public but also in restoration of government to public trust. Without repair of these elements, it will be very close to impossible to accomplish anything of merit.

* Any politician, business executive, decision-maker, legislator and leader who does not know what these eight basic elements of trust are, that have been broken with the public – doesn’t need to hold the position of authority they have. – (and that’s because they also wouldn’t understand why these elements of trust are important and dear to uphold, either.)

* When America upheld this trust, the foundations of prosperity and freedom were strong. As these have been allowed to be broken and abused, the possibilities of both have rested on shallow, infertile ground subject to the whims on one hand and the disdain on the other.

This is not an academic debate, but rather a practical, valid one. For business, prosperity and government are not “games of confidence.” By continued support of those they serve, do they continue to exist and prosper. Therefore, it is truly a matter of genuine trust that is at stake. Without that trust being upheld and given honor – we get the very results we have now.

The eight tenets of trust are:

* Respect

* Mutual Honor

* Integrity

* Willingness to Temper (or Suspend) Personal Gain for Higher Principles

* Fairness and Decency

* Service / (Citizenship)

* Fair and Reasonable Use of Discretion and (Choice), Free Will

* Honesty of a Genuine Nature

(my list – I hope yours is not varied by far from these because these are sound and well-placed. Leadership in any real sense demands these be upheld and kept by honor. They don’t happen automagically.)

Restore these and our economy will grow – without them we will accomplish nothing and our decimation will be our own doing.

Written by Cricket Diane C “Sparky” Phillips, 09-27-08, USA

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Congress, Executive and Judiciary are our Team USA to solve problems – not create them

06 Saturday Sep 2008

Posted by CricketDiane in Banks Banking Bailouts Wall Street Foreclosures Bankruptcies IMF World Bank Federal Reserve US Treasury, Cricket Diane C Sparky Phillips, cricketdiane, Russia - EU - Middle East - UN - UK - Asia - China - Japan - South America - WTO, US At Home - Domestic Policy, US Government, US budget, US and State budget deficits, budget cuts, Constitutional issues, US economic crisis, US debt

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Team USA Needs To Be Solving Problems –
by Cricket Diane C Phillips, 09-04-08

When we sent people to Washington, we sent them to be our Team USA. There aren’t “two sides of the aisle”. They are sitting in official buildings we own and are all part of one team. That is why they are there.

We sent them there to spend our money wisely, to work as a team to serve our best interests and to accomplish what we alone could not. Our Congress, our Executive and our Judiciary are the Team USA that we placed there to fight the real enemies of our nation – not each other.

The real enemies are on our door steps. Evidence of these enemies is obvious. A capitalist nation cannot survive without a strong economic foundation. Our foundation and the structural tenets of that economy are crumbling. We are in danger of the harm which will come as a result. This is certainly a real enemy of our nation.

We are so completely dependent on gasoline as fuel that it is now a matter of national security. Any world power could shut off supply to our country in any great measure leaving us with a complete halt to life as we know it. Everything moves in our country by some form of petroleum. This, too, is a real enemy of our nation’s well-being and security.

Our national business assets are being sold off to foreign interests who may or may not favor us later. We will not be able to rebuild these. The jobs that were lost will not be reclaimed nor replaced. Competing with them in the marketplace, once these businesses belong to foreign interests, is unlikely. In every arena, our own businesses now owned elsewhere are competing against us for the same market shares. Since this undermines our employment base and our opportunities to realize business profitability, it is also an enemy to our nation’s sustenance.

Made in America has become known for shoddily made and overpriced. Too many recalls and unjustifiable harms, even deaths have come to those who bought products made in our recent profiteering environment. The real cost of our business interests making poor ethical choices for good profit reasons has dropped our global credentials to a pathetic level. This is definitely an enemy of the USA.

The cruelty, viciousness and complete disregard for others pervades every facet of American society. Lack of tolerance for diversity and differences has led to a land of terror for many, rather than of freedom. This has created abuses of civil and human rights everywhere in America over many years and increases each year. Clearly, this is an enemy worthy of fighting, too.

These are our real enemies. All of these items and more await on our doorstep. We elected leaders from among us to work as a team against these common enemies. What we have is a bunch of bickering demagogues who are fighting amongst themselves for their party’s interests and their own advantages.

And, meanwhile – solutions that might be enacted aren’t. People’s lives that could have been made better and more secure lay in ruin. Dismal consequences from unabated global ecological changes are unfolding. The opportunities for the US economy to be righted are missed. And, worst of all, the Team USA continues its bickering in every position from local and state governments all the way to the US Congress and the White House. Its as if it doesn’t matter as long as each party wins out over the other.

Now, our real enemies threaten to overtake us. We have solutions for many parts of them – these simply need to be placed into use. Together, we could work out the rest as we go.

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Prototype Element Created This Morning – cricketdiane08

20 Sunday Jul 2008

Posted by CricketDiane in Alternative Energy, Alternative Fuels, America - USA, Creating Solutions for America, Cricket D, cricket diane, Cricket Diane C Phillips, Cricket Diane C Sparky Phillips, Cricket Diane Designs, Cricket House Studios, cricketdiane, crickethousestudeios, CricketHouseStudios, Designs, diane c phillips, Physics of Change, Quantum Physics, Rocket Science, Sparky Phillips, Tangible from the Impossible, The Brat Cat Cricket, Thoughts, Twenty-first Century, Uncategorized, United States of America, USA -1, walking dead men club, We Come Bearing Gifts, Workable Solutions, Writers, Writing

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http://sketchup.google.com/3dwarehouse/details?mid=254e45bd7bd4218cf63e9f3319eb5ebb

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Dictionary for the Reality Impaired – 2008 – Cricket Diane C “Sparky” Phillips

08 Thursday May 2008

Posted by CricketDiane in Activism, Human Rights, Civil Rights, Learning, How To, Online Resourcing, New Technology, ancient sea, Apples and Oranges, Banks Banking Bailouts Wall Street Foreclosures Bankruptcies IMF World Bank Federal Reserve US Treasury, codes and ciphers, Cricket Diane C Phillips, Cricket Diane Designs, Cricket House Studios, cricketdiane, got no money guides, LITERACY, resourcing, Rocket Science, Security Contractors Spies Ex-Spies - Intel Contractors - Xe - Blackwater - CIA - NSA - Intelligence - Interpol - MI6 - Mossad - KGB - Secrets and Spy Tools Intelligence Technology, US At Home - Domestic Policy, US Government, US budget, US and State budget deficits, budget cuts, Constitutional issues, US economic crisis, US debt, walking dead men club

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The Dictionary for the Reality Impaired –

2008 Cricket Diane C “Sparky” Phillips

Bull –> shit as in absurdly good spin on bad choices.

Bull –> market as in used to be considered as a descriptor of profitable markets  –> possibly more appropriately was above definition in practice . . .

Written by Cricket Diane C “Sparky” Phillips, on 04-02-08

Cricket House Studios, 2008, USA1

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