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In my upcoming energy essay (which I plan to publish sometime in 2009 optimistic words it is being published in 2014, after I took a year off from my career to write it), I will discuss economics and its three aspects in classical study: . Virtually everything passing for economics today is focused on its exchange aspect, which is not productive at all: its main function is ensuring that the idle rich can amass huge incomes and maintain control over the world economy. Wall Street was and is completely worthless, from a productive standpoint. The USA has largely become a global parasite, with most of its oil imported (while we and threaten nations that do not let us plunder their hydrocarbon deposits), with poor Mexicans producing our food (and , in general), with poor Asians making our clothing, electronics and other products. With the immensely corrupt collapsing, the American Empire is in swift decline, with its real economy in shambles.
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My day job has given me a front-row seat to the unfolding collapse. I was given the task of accounting for tens of millions of dollars of good as cash investments we were sold by our now defunct investment manager, which we cant sell and are worth a small fraction of what we paid for them. The is turning into a crash, with several large projects delayed/canceled, and skyscraper projects heading for foreclosure before they are finished. If Microsoft and Boeing have layoffs in 2009, the Seattle economy will take a steep dive that will further impact the real estate crisis.
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David Brin's Ph.D in Physics from the University of California at San Diego (the lab of nobelist Hannes Alfven) followed a masters in optics and an undergraduate degree in astrophysics from Caltech. Every science show that depicts a comet now portrays the model developed in Brin's PhD research.
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About a century ago, as robber barons such as and Andrew Carnegie were taking over colleges, , and other American institutions, reshaping and corrupting them to further their ambitions, the banking robber baron, , was reshaping the American banking system. The Federal Reserve System was born in those days. There are plenty of conspiracy theories regarding those events, and some may well be true. There are arguments about banking leaving the gold standard. The reasoning is that if money was based on gold, then the governments and banks could not issue money at will, but it had to be backed by something tangible. As history has shown, if money is based on gold, it leads to gold rushes, which in the big picture are merely counterfeiting operations, which in essence is stealing from ones neighbor. The problem is not whether money is backed by gold or not. The problem is , and mistaking the symbolic for the literal.
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