Sunday, September 13, 2015

Is The Great Recession Really Over? What Would Happen If Nothing Happened With Our Money?

Mike Patrick Dahlke

Think about this.

Let's for a minute say that prior to the housing bubble burst in 2008 and when we thought the sub prime lending crisis was being contained, our nation could have moved to take the steps necessary to avert that crisis.

Think about the fact that while we could have, we did not.

Think about this.

Now today in 2016, we are still dealing with the fall out from that sub prime financial debacle and are perched upon yet another set of financial blunders that are quite ready for melt down as well.

Whereas the 2008 global financial crisis was all about mortgage debt, today's model for financial concern is at the very least twofold. With the first being that of auto loan debt and the second being that of student loan debt, these two blunders in the making added to the continuing trefoils in the residential mortgage market belie the fact that as a nation we simply have not looked at all seriously upon our financial problems from the standpoint of whole and substantial infrastructure re blueprinting that in fact must be looked at if we are ever going to actually get ourselves out of this decidedly and consistently downward economic vortex.

As auto loans back in 2007 stood at roughly $781 billion and today that segment is at $1.3 trillion, the collateral for these loans is increasingly being devalued in every bit the same manner as America's housing sector is not truly gaining any value. As essentially we are today loaning good money for junk cars in every bit the same manner as we loaned good money to junk houses prior to 2008, some form of a light bulb should probably be going of somewhere in someone's mind and, in doing so shedding light on what should be quite obvious to us as Americans who have now lived through more than a few industrial ages. And more than a few periods of socioeconomic realignment.

While of course it should be somewhat obvious that in fact we still are not doing this, even more evidence suggest that we still have no intention of getting this whole mess straightened out. As another piece of that evidence is indeed student loan debt, that debt today is at $1.3 trillion which is twice what it was back in 2007. As the irony here is profound, job growth since 2007 has been almost exclusively made up of low wage earning positions that do not require the education that our American students had to go into debt in the first place to get. Yet another startling fact is that while these significant debt issues are coming to an obviously dangerous financial tipping point, there are still more financial complexities staring us in the face.

With one in particular being corporate debt that is now $2 trillion more than it was in 2007, what we are seeing unfold is clearly a situation where even the corporations that through global expansion more or less created this long term path to domestic American infrastructure collapse are in fact collapsing themselves as their voluminous maturing debt has little to no where to go and get refinancing for anywhere in the world. Adding all of this to the fact the virtually every national economy is more or less flat lined now in 2015, perhaps we as a nation are finally poised to redirect our economic interests back to our own mainland. As this whole global economy thing has more or less proven to those who have obsessively nurtured it that always exiting one town for another ultimately causes these halfwit economists to run out of roadway, the current and wholly abysmal performance of global markets should prove to them that the junk they left along their path to global socioeconomic perfection, should, in all likelihood be given a second look.

As that junk was in fact entire cities with entire economic portfolios which of course included people and their natural ability to develop tangible industrial skills, well let's for a moment say its time for at least one American manufacturing sector to focus on the development of automobiles that are only capable of driving in economic reverse.

When you think about this for a moment, all kinds of really remarkable economic outcomes can be imagined. Just take the old and historic term “looking in your rear view mirror”. As I'll bet the person who came up with this term was more than likely an old Nebraska farmer watching as his own son drove off the farm to get to New York, the farmer coined this term due to the fact that he knew that eventually “what goes around, comes around“. As what is coming around to our America today is a debt burden that cannot even for a moment be resolved by going around, the rear view mirror in the reverse only automobile is again the answer to resolving that debt burden just as it was during every period of highly erratic global economic market force meltdown in the past. Even though we have today, considerably more global market economies from which one would think global expansion can remain constant, the fact of the matter is that when it comes to global economics, “there is no place like home” simply because the home, in the terms of our United States of America is in fact “falling apart at the seams” and will continue to do so if we don't.

As we as an industrial nation have clearly reached a point technologically as well as industrially here in 2016 where in fact we really don't need these global markets to in fact fully develop the economic models we are capable of constructing for ourselves, the fact of the matter is that no nation in our collective body of global nations will benefit at all from our historically inventive collective American industrial mindset if in fact we don't.

So, as the title of this essay is “What Would Happen If Nothing Happened?”, this question is in fact the point.

As it is, what would happen if nothing happened? I mean what would happen if we collectively took it upon ourselves to just stay home long enough to rebuild our industrial and economic job creating infrastructure? What on earth would the rest of the world think?

As my two personal responses would be to borrow a quote from “Gone With The Wind” and that quote being “frankly my dear, I don't give a damn”, the other quote would have to be “How Do You Keep An Idiot In Suspense”. As the latter of the two is my favorite, the reason it is is due to the fact that ultimately, keeping other nation's in suspense is at the core best interest of our own national security whereas listening to a bunch of world leaders whine is simply something I frankly don't give a damn about. While this might sound somewhat unworldly in perspective, pleasing other nations for the past forty years has led to our obvious own national infrastructure deterioration all then, and, unto the point that our own children have to borrow money to go to college only to find virtually no industrial mechanism within our own country or other countries, for that matter, from which they can actually find a job.

Having put my personal opinion out there. let's get back to looking in the rear view mirror in the reverse only automobile and the fact that the roads we've abandoned here at home could use quite a bit of work before we can make the reverse only automobile marketable.

Whereas one would think that logically, manufacturing the reverse only automobile would be perhaps more profitable than say manufacturing the rear view mirror, and that logically, the proceeds from manufacturing the reverse only automobile would in turn enable us the financial wherewithal to rebuild our roads and bridges, logic as it has been defined in America for the last quarter of our 20th century and thus far in the first few years of our 21st century is in fact not logic at all. Or if it is logic, it is at best, complacent industrial logic that leads to short term industrial growth potential and will not produce jobs. Inventive logic on the other hand is a much more compelling endeavor, and as it is then, it must in turn be our nation's inventive 21st century industrial infrastructure based, economic benchmark that we must endeavor to adhere to. As this is the case then, the reverse only automobile and our re engineered roads and bridges will only be able to be accomplished if in fact we re engineer and re market the rear view mirror first.

Think about this.

What possible economic benefit would come from a rear view mirror?

First of all, the term “rear view mirror” is something that was created solely for the transportation industry. As it was coined to simply define a device that was used to help us see what was behind us as we traveled forward, it was as well, a safety device that helped prevent a host of unwanted calamities from occurring, from backing up or changing lanes while operating a vehicle to simply looking to see if your better half was finally coming out of the grocery store, the device was and remains quite useful and logical. Unfortunately however as it has been attached to the automobile for all of these years and its future automotive use is tied to the fact that it is attached to a ever increasing stable of automobiles that are aging, it, along with the automobile it is attached to are in fact in economic peril today in every bit the same manner as America's housing industry is in peril. This of course is all happening logically and economically in our nation today. From the perspective of 21st century inventive logic however, the term “rear view mirror” is in and of itself, entirely reworked. As it is reworked, it is not only reworked for the transportation sectors, but for the housing sectors and the energy sectors of our whole 21st century domestic infrastructure based industrial economy as well.

Within the multifaceted redefinition of the term “rear” then comes “view” as does “mirror” come along as well.

In our transportation sectors, “rear” may not apply whereas “view” and “mirror” most certainly do. And, they do, not in terms of being attached to a vehicle but instead attached to the roadway upon which the vehicle drives. On dangerous curves, on winding north facing mountain roads filled with snow that needs melting, both the term “view” and the term “mirror” apply quite aptly causing in the process another term “mountain snow melting mirror ahead” as well as the term “curved highway safety mirror ahead” to become a part of our American socioeconomic dialog, a part of our National Highway Transportation Safety Administration guidelines for new road construction and an extension of our nation's NAICS coding framework as well. All of which produce new American industries and new American jobs for our unemployed American college children as well as their unemployed American mothers and fathers.

In our housing sectors, the term “rear” will and can apply, whereas so can both the term “view” and “mirror”.

The “rear” of the house that is shaded and without the view of the “sun” or “solar gain” can utilize the “mirror” to achieve both. Thus creating the American “rear sun and solar mirror” industry and of course, further articulating national building codes while in turn extending the framework of NAICS coding and creating jobs in the residential, commercial and industrial construction sectors while in turn expanding our nations manufacturing base.

In our energy sector again the term “rear” and the term “view” and the term “mirror” apply once again. As they do they do in unison with both the industries engaged in the manufacturing of passive solar energy technologies and active solar energy technologies to simply highly articulate the suns rays to specific areas of the architectural footprint a given building might in fact find such technologies environmentally and economically useful.

One of the most fascinating aspects of global economic markets today is the overall fragility of the markets' structural framework. As by fragility what I mean is that the global economy is for the most part, only engaged in the movement of established industries worldwide, the sheer volume of industries that have yet to be invented are in fact not being invented due largely to the fact that they do not fit logically into those global markets as such they are currently constructed. Whereas the trading game on the various global stock exchanges has for the past ten years been more or less consumed by such trading practices as corporations buying back shares of their own stock and in the process artificially boosting their share prices even though they acquire more debt in the process, what historically will, and, in fact already once again is starting to occur here in 2015 is that corporate earnings are starting to level off at the same time where the capacity to borrow against those earnings is showing signs of becoming more restricted as well.

As all of this is essentially occurring out of a combination of industrial complacency, poor domestic corporate tax policy (and overall tax policies) and an overall sense of domestic American regulatory overkill, the very issues that all of these entities working together can effectively achieve goes continuously out the window of our nation's otherwise inventive industrial institutions.

So, as the title of this essay is “What Would Happen If Nothing Happened?”, this question is in fact the point.

Thanks for stopping by.

Mike Patrick Dahlke

Curriculum vitae

Please take the time to visit some of my other essays.

Restructuring Public Utility Industrial Demand Response.

House Flipping, Gentrification and Gun Control in..... ..A Green America?

Transforming Redundant Affirmative Action To Green Affirmative Action In America

Interior Urban Networks and Sustainable Chicago 2015

The National Movement toward Green Urban Renewal Takes a Turn to the Country to Pick Up a Few Tomatoes.

COP21 Obama's Great Green Socioeconomic Blunder

Is The Great Recession Really Over? 

Connecting The Industrial Dots Of Neighborhood Based Economic Revitalization

Pension Reform: Welcome To Illinois, If You Don't Like It, Leave

Wind Powered Solar Oil Wells

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