Is The Sun Setting Our Economy?…..Not If We Join Together And Change Our Future
To read”Six Days Under A Tarp”, click on title in Sunset picture. The same for part one of Recovery Plan
My name is Leonard C. Tekaat. I am the author of the blog, Recovery.Gov For The People at: www.recoverygovforthepeople.wordpress.com/. The author of the blog, Financial Crisis Finally Solved at: www.economysflaw.wordpress.com/ And the author of the blog, Foreclosure Solution Reduces Unemployment at www.foreclosurecrisissolved.wordpress.com/
I am a retired small businessman, investor, financier, author and economic scholar . I have a special lifetime California teaching certificate.
I am Chairman of a special Committee For Economic Reform and A Better Economic Future. Our core central committee members belong to an exclusive list of noted private business people and educated economic scholars, from the past and present history. I have been involved in educating people about the economy and how it operates and improving the economic policies of our economy since 1980.
In the 1970s we had annual inflation rates of more than 12%. When the Federal Reserve applied its credit tightening money policies, causing mortgage interest rates to soar to 21%, causing a very deep recession, I got mad and very concerned, at the same time. I was concerned about how many people were losing their jobs and their homes to foreclosure.
I thought to myself, this is stupid, there has to be a better way to control inflation and inflation psychology. I discussed the problem with many people. I read many books, and studied economic theory, and our economy’s history. I came to the conclusion that we were being miss-guided to create our own inflation, and credit bubbles. We were being rewarded with lower taxes to do something, at the wrong time in the economic cycles of the economy, to harm our own economy.
When Federal Reserve Chairman Paul Volcker raised interest rates in 1979, what happened was a credit bubble was popped on purpose. An economic recovery plan, of sorts, was prepared for the recession that followed. The Plan involved the lowering of income taxes, and the changing of the Consumer Price Index. The deregulation of industry, business, and the financial sector. By chance, the government also weakened the labor unions when President Reagan fired all the air traffic controllers that went on strike.
What happened from 2000 to September, 2008, Federal Reserve Chairman Allen Greenspan let the credit bubble, that was created by the price bubble in primary home prices, grow and grow until the credit bubble burst on its own, in the name of free market polices. No recovery plan was pre-developed to create a soft landing for the economy. The bursting of the credit bubble caused the collapse of the financial sector, and the creation of the Great Recession of 2008.
As President Reagan did in the 1980s, President Obama is taking the advice of the Federal Reserve member banks, and Wall St. The very same people who helped, and profited from the creation of the credit bubble!
So what is the solution?……….We have posted it at www.recoverygovforthepeople.wordpress.com/
The middle class, and small business have been left out of the recovery; it is time they received some much-needed help. The People’s Economic Recovery Plan would not raise our taxes in the future, or increase the deficit, as the current deficit spending stimulus recovery plan does.
We don’t need more Quantitative Easing by the Federal Reserve. As it has been pointed out, the Fed could print paper money until they ran out of trees, it won’t improve the unemployment rate, or the financial condition of the middle class, or small businesses. It will make their financial condition worse. It will lead to another cycle of inflation, (higher prices) which will make everyone poorer.
The consumer’s purchasing power hasn’t increased in the past 12 years. They can’t afford to pay the higher prices now! When the Fed raises interest rates again, another recession will be created, and we will be worse off next time we have a financial crisis.
The People’s Plan stabilizes prices without quantitative easing, or more deficit spending. The Plan will increase the value of the American dollar on the world currency markets because it encourages productive investment, and production, not the creation of “paper profits.”
Hopefully we will increase our exports, and decrease our importation of oil and products from China and other nations, to balance our trade deficit, which will further strengthen the dollar. Read my article How To Lower The Use Of Oil Without Cap And Trade.
I would suggest the first article you read should be: Revamp The Fed To Serve And Benefit The People Or Replace It. My next choice would be, To President Obama For The Benefit Of Our Great Grand Children. Then read Recovery.Gov For The People 1. (Archived in Oct. 2010) It is a shorter version of Recovery.Gov For The People 2. After reading #2, read Alternative Economic Recovery (Stimulus) Plan. If you are still enjoying yourself move on to the other articles, and then go to: www.economysflaw.wordpress.com
I will let you decide what is the next, and best step to take. Let me know. Leave a comment at the articles. I will reply ASAP
At this moment in time, I believe there is nothing more important than to inform the people that there is an alternative to the current deficit spending economic stimulus plans being used by President Obama, and the Federal Reserve !!
The Fed has started creating more money with quantitative easing II. We don’t need any more Deficit Spending by the Federal Government, or Quantitative Easing by the Federal Reserve.
The Federal Government, and the Federal Reserve are putting our Great Grand Children into debt, which will mean higher income taxes, and higher prices. The Fed, and the Federal government are destroying the middle class, and bankrupting our nation. Help us prevent it now. ACT Now!! Not later.
If you agree with my assessment, and solution to the problems of the deficit spending, inefficient government policies, unemployment, foreclosures, high unemployment, and destructive miss-guiding taxation polices, we need to make this information available to the people, on a national scale, through a chain letter of information, so these miss-guiding policies can be changed. We must correct the policies that are creating our economy’s destruction with GLOOM, BOOM, and DOOM economics.
Please send this information to your friends, contacts, President Obama www.WhiteHouse.gov/ political representatives in Congress. You can find your Congress representatives at www.contactingthecongress.org Ask your friends and contacts to send this information to their friends and contacts. Don’t break this chain letter of information. Use the e-mail button on the article Send A Message To The President And Congress Load And Clear, Posted Jan. 2011
Sincerely, Leonard C. Tekaat
Very, Very Important: To help spread the word please click the “Like” button at the top of the website. The more people we can get evolved, the faster we can change the future. The sooner the economy improves, less taxes we, and our children, and our great, great grand children will have to pay to reduce the deficit.
To further help spread the message, please fill out the subscription form to my site. There is no cost to do this, but it will make it easier for people to locate my blog with, google, yahoo, and the other search engines. In this way I will be able to inform you when I post more information about this very important matter.
Thanks again,
Leonard
Can I just say what a relief to find someone who essentially knows what they’re talking about on the internet. You definitively know how to bring an issue to light and make it captivating. More people need to read this and understand this side of the story. I cant believe youre not more popular because you definitely have the gift.
Thank you for your nice comment. Under the current guiding policies of our economy the middle class and small business can’t get ahead. They take one step forward and two steps backwards. I need your help to inform people that there is a better way to facilitate an economic recovery than with huge federal government deficits. I am glad that you liked my article. You have my permission to link your site to my sites, and use any of the articles on your blog. If you use any of my articles please give me credit for them, and leave me as the author. Thank you, Leonard C. Tekaat. I have three blogs http://www.foreclosurecrisissolved.wordpress.com http://www.recoveryforthepeople.wordpress.com http://www.economysflaw.wordpress.com Have a good day. Thank you for your interest. Spread the word. There is definitly another way to posperity for our country.
HSBC will make out 4 times on our property. On a $235,000 mortgage, which they wouldn’t work with us on, holding us hostage at 15.625% and the property was completely illegal, HSBC jumped into foreclosure after we made it known they forged documents in court.
It goes like this…1) We’ve already paid them in cash, 91% of the entire loan amount in 5 years, 2) they made us pay for mortgage insurance in case of default, 3) they’ve already sold our loan and 4) they are now going to get the property that we had 2 contracts on for $270,000 that they made fall thru when they tacked on $57,000 in misc fees and unapplied interest.
And at the Rule 120 hearing, the judge “could do nothing” to stop this illegal behavior, even when we told him we didn’t believe that HSBC even still owned our loan !
We are now losing our home in February.
I am sorry to hear that HSBC is treating you so badly. I think most of the banks are doing the same things. This is why I started writing this blog. I want people to know that there is another way to posterity for our country. I believe that the government has taken care of the big boys and the moneyed, and left small businesses, and the middle class out of the economic recovery. Check out my other new site http://www.foreclosurecrisissolved.wordpress.com We must join together to be heard in the halls of Congress. There is no other way. Good Luck.
I am sorry for troubles ,I also have similar difficulties. This message may help you in soms save your home from repo by hiring an attourney and requesting a proof of ownershp of the note which you said could be provided.A state rep from Mishigan has advised the people of the state to do this very thing and not leave your home.msnbc newsA november article was televised.
We have been to over 15 different attorneys – all with the same answer $5000 up front just to hear our plight then sorry we don’t do this type of case in Colorado. You will notice that CO is very behind the game on this issue. We have a Quiet Title pending for over a year now and the judge keeps stalling and throwing in new things for us to do that are so stupid. We’ve been told flat out that the judge won’t stick his neck out to make a decision, even when the bankruptcy trustee for the Lender of Record gives his blessing to us in a letter to the court!! So the judge simply closes the case – not dismisses it – just closes it. No written responses, no answers, no reasons why – just closes it. Twice! We are now going after a ruling citing our due process rights. The wild thing is that he Granted our default judgment and then an hour later vacated it!! No reason given.
Like You I saw this economic calamity coming in the early 80s and began putting together a plan to start small businesses and create jobs.
After reading your proposals it sounds to me like you have a pretty good plan. The first question that comes to mind is to wonder if there is a step by step plan for it’s implementation. When you say “act now” I am not sure exactly what you mean. I know the wheels in Washington grind exceedingly slow… Anytime you are talking policy changes and new legislation I would think that you are facing some enormous hurdles. The main one being public support… How to Organize and Mobilize that many people is an enormous undertaking. Do you have a plan for that? It just so happens that I do but I am only willing to share it with someone who has the People’s best interest in mind such as Obama
I have a blueprint (plan) that will accomplish getting near half of the voting public aware of and sympathetic to your cause.
Soo tell me more? It sounds as if you have a sound approach…
Johnny, glad to hear from you. I also saw it coming in the early eighties. That is when I wrote the book INFLATION THE ECONOMY KILLER, How to Create, Control and Stop High Inflation. When I said, “Act Now”, I was hopping who ever read the plan and agree with me, that there is better way to solve the unemployment and foreclosure crisis, would call the White House’s comment line or post a comment on http://www.WhiteHouse.gov/If enough people did this, it would arouse interest in the Plan, and maybe President Obama would read it. Remember when John Maynard Keynes, the British economist, met with President Roosevelt and presented is Keynesian economic policies. that is all it took. Keynes had met someone with the courage and the power to put them into action. Have you read the articles on http://www.recoverygovforthepeople.wordpress.com/ I am really concerned about the people and what direction the Fed and Republicans are going toour economy. I believe it will be much of the same old ideas. What do you have in mind? Have you checked out my facebook page? http://www.facebook.com/leonard.c.tekaat/I posted an article there this morning. I created a group called R.E.B.E.L.S. Check it out and become my friend and I then can make you a member of the Rebels. It is a closed group, so people can communicate there and then only members can see what the member are talking about. If the members want it to be open, it is all right with me. I have just started using facebook. I am not real skilled in linking my sites with other sites, so I increase my hits. Can you help explain how to increase traffic? Thank you. Leonard C. Tekaat
Very interesting, I am working on understanding economics and why our state is doing so poorly.
Hi Julei: Sorry, your first name was covered up by the gravatra. I thought you were one of Pete’s grand children or one of his nieces or nephews. I have not heard from everyone for so long. I am glad you are taking an interest in economics. It can be interesting to find out how things operate. From a car to rocket that goes to the moon. From a math problem to economics which uses a lot of math and psychology. After you read my other articles, on my web site at http://www.recoverygovforthepeople.wordpress.com/ and http://www.economysflaw.wordpress.com/ I would like to discuss them with you and answer any questions that you might have. Talk to you later.
Sorry Julei I made a mistake. Your first name was covered up by the little purple square thing. I though the comment was made by one of Pete’s grand childrin or a niece or nephew.
You Say You Want a Revolution
‘The Wealth of any Nation is it’s Manufacturing for Export
It’s about Job Creation – Not Cuts as these will not Pay into Government what America needs to go forward.
America has a Structural Torpedo Hole that Legally prevents America from recovering from this and future Recessions_Depressions let alone moving forward Economically as a Nation – discounting Wall St. as that’s nothing to do with employment.
Bill Clinton signed the Reaganomics Centerpiece NAFTA – which Legalized moving Industry and Employment out of America to benefit any American Business. They Legally do not have to Hire Americans nor Create Jobs in America. They have stated Clearly on Cable Business Channels:
CNBC Quote: “America is a Bad Investment as consumerism is flat due to the lack of jobs . Business does not plan on investing in plants nor hiring workers this Decade – next Decade and perhaps the Decade after that.” ~end quote.
Our News Corporations refuse to Acknowledge the truth as to America’s continuing slide into Recession.
The Historic method for a Nation to escape Recession is to increase Manufacturing for Export and adjust the currency to promote Exports.
This Technique is no longer available to America – Bernanke knows this and strains against the truth of the matter.. we have no cards to play.
What Clinton signed – in Historic Nation Building Economics terms – amounts to Treason against the Nations Economic Security & Stability.
Good Luck getting Anyone to Publically make this Pronouncement.
The Revolution is over – it’s a long Glide Path downward in Standards of Living for America – 1 in 7 Americans are now in Poverty .. the NAFTA effects of Hiring Outside of America has only just begun to show it’s true colors.