Tick Tock Goes The Debt Clock: Easier to Default Than Walk The Walk?8:43 AM Posted by Donny Wise - EMPOWER4U Reference Triond.com for posting by Donny WiseImage via WikipediaImage via WikipediaThe American debt clock does not stop even when the maximum debt ceiling is reached in early August. The tick tock of interest, obligations, and promises does continue in lieu of no agreement in the raising of the debt ceiling. The prolonged negotiations by Congress or any short term default does pose a potential disaster for the American economy as the inability of the political leadership to proactively manage the fiscal house of the United States is a domino if it falls would trigger a series of events to amputate the entire economic, financial, and dominance of America overnight. Why would any leadership take action to risk perception of possible default with the potential costs of default being so high? The political leadership had 18 months to avoid this crisis and chose ideology over … [Read more...]
Friday Finance: Tick Tock on America’s debt clock
Tick Tock Goes The Debt Clock: Easier to Default Than Walk The Walk?8:43 AM Posted by Donny Wise - EMPOWER4U Reference Triond.com for posting by Donny WiseImage via WikipediaImage via WikipediaThe American debt clock does not stop even when the maximum debt ceiling is reached in early August. The tick tock of interest, obligations, and promises does continue in lieu of no agreement in the raising of the debt ceiling. The prolonged negotiations by Congress or any short term default does pose a potential disaster for the American economy as the inability of the political leadership to proactively manage the fiscal house of the United States is a domino if it falls would trigger a series of events to amputate the entire economic, financial, and dominance of America overnight. Why would any leadership take action to risk perception of possible default with the potential costs of default being so high? The political leadership had 18 months to avoid this crisis and chose ideology over … [Read more...]
Friday Finance: Happy 2nd Anniversary of Greek Debt Crisis
Political Will of Europe and America continues to flounder since Greece initial debt crisis 11:45 AM Posted by Donny Wise - EMPOWER4U America refuses to restore fiscal sanity to finances of the federal government, and Europe does not have the resolve to resolve the debt contagion of it's nation states from spread across the continent. March 2010 was the first alarm of the debt risk in the near default of Greece on its public debt. The leaders of America and Europe was given a first test in political will, and the a measure of political will via a number score would be close to a zero as examiner of the first debt test. Greece did not resolve the dire situation of public debt burden in the Spring 2010, and Greece has flirted with the fringe of disaster via default threat and social unrest from implementation of austerity. Greece is the tiny explosion in monetary loss via a default, and the political will crisis of America and Europe is bringing the threat of fiscal … [Read more...]
Friday Finance: America believes debt does not matter
America leadership debacle over debt has damage instead of default in the aftermath. 12:24 AM Posted by Donny Wise - EMPOWER4U The political leadership use of default in the negotiations to find compromise on increasing America's debt ceiling was the worst case scenario in becoming a reality in lieu of stalemate in political negotiations. The resolve did come at the last moment to avoid default on American debt, but the resolution did avoid default but damage to the American economy was extensive and grave to the public witness in America and overseas that a debt limit increase almost led to a default. The political capability to make the entitlement and taxation changes to restore fiscal balance to America's finances has a zero chance in Congress before default does happen in the United States. The posturing of ideology is a higher priority than the survival of the American Republic as the drug of power brings delusions of grandeur and omnipotence when humans … [Read more...]
Friday Finance: Literacy equals Quality
Losing the personal finance race and quality of life 8:08 PM Posted by Donny Wise - EMPOWER4U The personal finance race begins day one of a consumer’s life. The race is a cradle to grave marathon, and the ability to successfully finish the race is because of the knowledge and experience given to an individual at the onset of learning. This race is so important to an individual to navigate the events of life, and the quality of life is a direct result of the ability to successfully manage the personal finance race. As a result of the importance of personal finance to one’s life, the prevailing thought is personal finance would be a cornerstone of the education system, financial system, and regulatory system. As However, the literacy of personal finance is not a focal point of any portion of the American education, financial, or regulatory system. As a review of recent history, the bright, intelligent high school student would graduate with honors and a diverse … [Read more...]
Friday Finance: Cradle to Grave
America's Cradle to Grave crisis point in personal finance 1:07 PM Posted by Donny Wise - EMPOWER4U Reading Literacy in America is essential to survive in society, and the consequence of illiteracy to individuals and society is grave in relation to the potential of being trapped in poverty amongst other possibilities including worse outcomes including criminal behavior and homelessness. The impact on society is compounded when illiteracy impacts a significant segment of the population, and the end result is the probability the system will be responsible via many avenue of government services to support and maintain the individual because of being illiterate. Reading Literacy is essential to be functional in American society, but our modern society requires more than Reading Literacy, Writing, or Arithmetic to be functional in the mainstream of American society. The additional requirement is Financial Literacy, and the reality is that America is facing a Financial … [Read more...]
Friday Finance: Empower the Consumer; Engage Change
Empower the Consumer and Engage Change in the Financial System 9:06 PM Posted by Donny Wise - EMPOWER4U Empower the consumer is the pinnacle ingredient to building a financial future that brings to the crossroads many elements of the financial world that must be enhance for the benefit of a strong and prosperous America in the long term. The consumer is the key to unlock the door of change in the current financial model, because the consumer is the wallet, voice, and face of the foundational operations of the banking system and the voter in the elections.The private sector is failing to be competitive and reliable partner for the consumer, and the government is unable to provide feasible legislation or simple regulatory structure to bring actual benefit to the consumer. Empower the consumer to have a platform to have access, choice, voice, ease, convenience to provide the entire Financial World via one access, and the consumer becomes the centric model with access … [Read more...]
New York Media Group describes nighttime in NC “Drunks, Strippers, and Gunshots”
GUNSHOTS, DRUNKS AND STRIPPERS: We Spend The Night Shift With A North Carolina CopNot even one minute into my ridealong with a North Carolina cop, I heard gunshots.But these were text message notification sounds coming from Sergeant Jonathan Morgan's cellphone. Gunshots are one of the worst-case scenarios for a cop, and it isn't until I point it out that he realizes how morbid his cell phone sound is.Sergeant Morgan picked me up in the parking lot of a computer store in downtown Asheville for a six-hour ridealong.The cliché is that cops become cops because they don't want to be stuck behind a desk. Morgan agrees, but explains that a police car can easily feel like an office. There's a computer, there's paperwork, and there are people to answer to over the radio.Despite all this, a cop's shift is very self-directed -- if the police car is an office, then cops are entrepreneurs.DOORS OF PERCEPTIONSergeant Morgan rarely looks straight ahead as he's driving. I assume his training has him … [Read more...]
Banks Credit Downgrades Possible
Three Major Banks Prepare for Possible Credit DowngradesBy SUSANNE CRAIG and PETER EAVIS | New York Times – 1 hour 44 minutes agohttp://www.facebook.com/plugins/like.php?action=recommend&api_key=194699337231859&channel_url=http%3A%2F%2Fstatic.ak.fbcdn.net%2Fconnect%2Fxd_proxy.php%3Fversion%3D3%23cb%3Df82eecbdf3ff55%26origin%3Dhttp%253A%252F%252Ffinance.yahoo.com%252Ffde1bccc6a302%26relation%3Dparent.parent%26transport%3Dpostmessage&colorscheme=light&extended_social_context=false&font=arial&href=http%3A%2F%2Ffinance.yahoo.com%2Fnews%2Fthree-major-banks-prepare-possible-113804483.html&layout=button_count&locale=en_US&no_resize=false&node_type=link&sdk=joey&show_faces=false&width=130Share5 EmailPrintCompanies:Bank of America CorporationCitigroup, Inc.Morgan StanleyRELATED QUOTESSymbolPriceChangeBAC9.530.00C36.510.00MS19.740.00 Related ContentPlay VideoVideo: Bank on Pain for BofA?CNBC 5:08 | 152 views Some of Wall … [Read more...]
Banks Credit Downgrades Possible
Three Major Banks Prepare for Possible Credit DowngradesBy SUSANNE CRAIG and PETER EAVIS | New York Times – 1 hour 44 minutes agohttp://www.facebook.com/plugins/like.php?action=recommend&api_key=194699337231859&channel_url=http%3A%2F%2Fstatic.ak.fbcdn.net%2Fconnect%2Fxd_proxy.php%3Fversion%3D3%23cb%3Df82eecbdf3ff55%26origin%3Dhttp%253A%252F%252Ffinance.yahoo.com%252Ffde1bccc6a302%26relation%3Dparent.parent%26transport%3Dpostmessage&colorscheme=light&extended_social_context=false&font=arial&href=http%3A%2F%2Ffinance.yahoo.com%2Fnews%2Fthree-major-banks-prepare-possible-113804483.html&layout=button_count&locale=en_US&no_resize=false&node_type=link&sdk=joey&show_faces=false&width=130Share5 EmailPrintCompanies:Bank of America CorporationCitigroup, Inc.Morgan StanleyRELATED QUOTESSymbolPriceChangeBAC9.530.00C36.510.00MS19.740.00 Related ContentPlay VideoVideo: Bank on Pain for BofA?CNBC 5:08 | 152 views Some of Wall … [Read more...]
