15 Ways to Save America from Becoming an Instant Gratification Economy Guntersville AL

The biggest problem facing America today is political and financial instant gratification and manipulation.

Politicians and financial institutions continue to lower standards and appeal to human greed and lust.

The end result is a vastly weakened American political and economic foundation.

The Good News for America:

1. Historically, when Americans understand the true war at hand they always rally together to defeat the enemy.

2. The government, the politicians, and certain financial institutions purport to be our friends and give us the short term pleasures in exchange for ripping apart the fundamentals upon which America is built. We are now beginning to see that our friends have been our enemies.

3. We are seeing that certain investment banking firms such as Goldman Sachs and Lehman brothers can produce solid earnings. Companies like Bear Stearns which overleveraged themselves deserve to be put under for their arrogance related to overleveraging at a rate of approximately 32 to 1.

4. We are now beginning to realize that Citibank as well as other banks are predatory lenders that issued mortgages that people could not afford and continue to issue credit cards at effectively usurious rates.

5. We are becoming aware that banks promote and issue credit cards like someone would promote drugs or gambling. People are besieged all day to spend on goods and services that have little economic value for them. Banks and credit card companies issue credit cards aimed at many people’s vulnerability to consumption and lack of true financial literacy. Instead of counseling financial discipline, institutions do the opposite.

6. We are becoming aware that historically any nation that sells off or outsources its manufacturing capabilities will go into decline.

7. We are becoming aware that with the instant gratification and manipulation of the money supply by the FED we are constantly undermining the value of our currency and the underpinning of the American economy. This is reflected in the price of gold and the price of oil.

8. We are becoming more aware that our infrastructure is in decline and we are extremely dependent on foreign oil.

9. We are also realizing that politicians are promoting economic plans that any person with reasonable financial common sense knows are effectively band aids. They try to buy people off and distract from the reality of our continual economic destruction by promising everybody something to keep them quiet for as long as possible.

The Bad News for America:

1. We are walking an economic tight rope between a growing recession and an inflationary spike with a vastly depreciated currency.

2. We have over promised so many special interest groups with social security and Medicare benefits as well as other entitlements resulting in a budget that at best can only be adjusted by 20%. The other 80% is effectively “fixed”.

3. Because of the banks accounting system banks do not mark their assets to the market value, the true assets of these financial institutions such as Citibank are worth less than stated. Their effective net capital could be as low as 2 to 3%, or even in the negative.

4. The stock market is more like a casino that gyrates with every short term apparent fix until the next crisis rears its head.

5. Politicians and financial institutions have lowered the standards of what it means to be American. They are pandering to the public’s need for quick fixes for their people’s investment decisions. Many people knowingly took a risk to purchase a house with little or no money down. These people were betting on making money and having a home too. With the financial crisis the politicians and the FED now wants to bail out people for being greedy and/or stupid.

6. In effect, the people who make good financial decisions will ultimately pay for the people and financial institutions that have made bad economic decisions. Surely, we all feel bad for people who are in financial difficulty. But what about all the people who struggle to make ends meet and have equal or more financial stress and struggles. Wouldn’t you like to be bailed out for all your poor investment decisions?

7. With the rise in inflation and the depreciation of the dollar we are all being taxed. All the hard work that we put forth is being taxed away by an inflation tax giving us less and less purchasing power. Our futures are delivering us less and less in real purchasing power for working more and more hours – negative leverage or more produces less.

8. We are now hearing plans from politicians that are really promoting economic socialism. We hear that the middle class is being “squeezed.” To make the middle class feel better we are proposing to give each person $500-1,000. How is this going to create any real lasting value?

9. The American Dream as we know it is dying. The media promotes the idea that everyone should get a piece of the American dream. The American dream is based upon a rags-to-riches theme or the guarantee of equal opportunity – not equal outcome. The theme should be that people earn their way and pay as they go.

10. In the current instant gratification manipulation economy the government the Fed and the politicians promise to keep bailing out any group that has some plight. This type of reasoning has no end since people and groups by their nature will always have problems and issues that they want to solve by having someone else write them a check.

What Can America Do?

1. Although initially seemingly brutal and insensitive we should let the economy sink to its real value. We should let financial institutions go under or be acquired by stronger financial institutions. Bear Stearns is an example.

2. We should stop writing short term checks to people which have no long term value.

3. We should let the real estate market and the stock market revalue themselves so that we have a true stable economic foundation.

4. Anyone that has owned a company knows that to stay in business it has to produce a profit which reflects typically good management and some market advantage for a period of time. A company, unlike the government, cannot print money to keep bailing itself out. We should demand the same sound fundamentals of our government and the people we elect.

5. Government expenditures should be directed to train people to be able to survive and thrive in the knowledge economy.

6. People who are in areas that lack jobs because of an eroding manufacturing base are typically very hard working. We should incentivize manufacturing capability to compete with China, India, and other low cost manufacturing companies.

7. We should incentivize corporations to keep their production in the United States.

8. We should run campaigns which champion Made in America and publicize companies that manufacture in the America.

9. We should redirect some of the war appropriations to rebuilding our infrastructure which will create jobs and long term American assets.

10. We should limit the promotion of credit cards and the interest rates which can be charged by banks as well as disclosure of their hidden fees.

11. For a defined group of mortgage holders we can issue preferred equity notes that would act like a preferred ownership ahead of any current mortgages. The equity notes would have a low interest rate and would be paid a percentage of the sale price of the home. The minimum rate of return would be estimated by the current return plus an ownership percentage that would be equivalent to the percentage ownership of the equity notes. These notes could be syndicated in the private markets where investors are looking for a current return and future ownership value.

12. We would set true guidelines to stop the government from printing money and undermining the US dollar.

13. We would set new policies with China and finally get tough with China rather than conceding that they will be the new economic power.

14. America under the policies that I am recommending, and obviously additional policies and refinements, would signal to the world that is still the true current and future leader of the world and democracy.

15. We should set forth a policy to simplify all government regulations and a mandate that government workers are hired to work for us and can lose their jobs based upon a merit system.

Back to Fundamentals: America is No Longer for Sale:

America was founded on sound work and ways-to-live ethics reflected in the Declaration of Independence, the Constitution and the Bill of Rights.

America must not concede or surrender its heritage and wealth to any country, political groups or financial groups.

Americans should demand that the use of manipulative tactics promising instant gratification and appealing to greed and to lust - is no longer an acceptable way to get their votes or their money.

Instead, we should evaluate and test our assumptions based upon the sound political and economic fundamentals upon which America was founded.

About the Author
http://www.askdestiny.com - AskDestiny®has analyzed success fundamentals for over 25 years to give answers and solutions. AskDestiny® reveals solutions for making money, building wealth and living the life you always wanted - what really works today and has worked throughout history.

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