William Thien

Archive for July 2015

I was surprised to hear that once again the FED did not raise interest rates yesterday. The reasoning given was the same as it has been for the last seven years, that the FED is waiting for more indications the economy is on the mend.

I should think that unemployment being lower than prior to the real estate bubble bursting and in many places lower than five percent for some time now and that the stock markets are seeing record performance for some time should be all they need to raise rates but they keep putting it off. I think the fear is that Janet Yellen, the FED Chairman, does not want to be the bad guy who says the party is over by raising interest rates. I truly believe that is the primary motive for not raising rates. I can’t say I blame her. Who’d want that job? Yet, with interest rates as low as they have been for this long, there is a certain economic party going on in this country and not everyone is invited. Economic performance has been stellar since the age of low interest rates.

You might ask, “Why raise rates if low rates have led to such incredible economic performance?” And I might agree. But there are a number of reasons to raise rates which have nothing to do with greed.

For one, low interest rates, as low as they are today and have been for some time, such low rates dramatically stimulate inflation, particularly inflation in such areas as the housing market where what once just a few years ago would buy you a nice little house in a quiet neighborhood merely gets you a ramshackle shed by the railroad tracks with cellophane on the windows today.

When once you could purchase a new compact car for a few grand now requires twenty or more. The price of many items purchased by families has now doubled or tripled just since 2008 yet median incomes for families have been trending downward. Like I said, there is a party going on in The United States and not everyone is invited.

Now if you are seeing a corresponding increase in pay such as a commensurate cost of living increase, one that ACTUALLY CORRESPONDS with inflation, things may not seem so bad. But for the majority of Americans that is not happening and if you are on a fixed income or are not seeing a pay increase (very common), such as the elderly or military personnel for example, constant increases in inflation put a sizable dent in your way of life. You find you are using credit cards more or going without, which for some might even mean going without decent food. Have you seen the price of hamburger lately? And eggs? Supposedly there is a shortage of eggs but when I visit the market the shelves look crammed pretty well with eggs. It’s just that the price has tripled because, well, there is a shortage of those eggs crammed onto the shelves at the market.

I have written previously that another reason interest rates are being kept so low is that we reside in a political climate that forbids talk of tax increases, and rightfully so. The country has become almost entirely socialized and taxes are being blown for example on women having sex out-of-wedlock and getting pregnant to the tune of 50 plus percent. That’s right, last year more than fifty percent of babies were born to single mothers. Fifty percent! All of those women can’t raise children without the aid of the government. The country has almost been entirely socialized and women having children out-of-wedlock are a large source of the problem. I hate to to say it, but women in American are the primary drivers of socialism. All of that talk about feminine independence to come from the sixties and seventies is a bunch of hormonal malarkey. After all, women are going to have to police their own behavior. Men are not allowed to say anything about feminist collectivism. If they do, they are branded as sexist. Feminism has become a collective ball and chain clamped upon the ankle of the American taxpayer.

I call that portion of the economy the “fuck and suck economy” (you can read my entire blog by scrolling down on the right side and that particular observation will become visible). The f and S economy is huge with single women sloughing around fornicating in front of the television and buying the products proffered to them to get their government benefit payment monies. Politicians are afraid to go after that portion of the economy because the television will crucify them. Such political encroachment on one of the largest and most lucrative media markets, the daytime f and s market will kill a large portion of television revenues. It’s funny that the television media are some of the largest, most profitable corporations in America yet they always appear to be socialist when such issues arise. It’s funny strange, not funny ha-ha.

That being said, one way to increase tax revenues is to raise the price of things. When you raise the price of things, which is what happens when you stimulate inflation through low-interest rates, you get more in sales tax revenues and in the case of real estate, more property tax revenues. So, it may not be just that Janet Yellen does not want to be the bad guy and say the party is over by raising rates; stimulating inflation in this political climate may be the only way to achieve certain levels of sales tax revenue.

Nevertheless, stimulating inflation so that large, responsible segments of your own population suffer is poor policy while others reap benefits for having sex out-of-wedlock for example, particularly when such taxing maneuvers directly affect those who serve the country and those who have paid taxes through and until retirement and have controlled their sexual conduct.

I am thinking it is time to raise interest rates or provide corresponding, real cost of living increases across the board. Interest rates don’t have to go up five percent or ten percent. Have you noticed how everyone waits with bated breath for the FED to announce an increase in interest rates, even just a quarter of a percent? OMG! A quarter of a percent! Then, when the FED announces no interest rate hikes, there is a “collective” (yes, I think much of Wall Street and corporate America has become socialist lining up at the government trough and that is how I use that word “collective”) sigh of relief. Bring interest rates up a percent or two or three at the most and you may see a significant change in the price structure of most things in this country. For those on fixed incomes, it could be just what they need.

The question arises, “Which is easier, raise interest rates a bit or give everyone a cost of living increase?” I think you know the answer to that question.

I don’t mean to crash anyone’s party. Hold it, am I crashing the party? Or, who is crashing whose party? I think you know the answer to that question as well.

Copyright © William Thien 2015

Don’t forget to read my books! Just click on the link I’ve provided to Amazon and it will take you right to my page. Sales of my books are how I pay for all of this. The Kindle version is only $1.00! You can buy my books at Amazon.com

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My main concern is not so much your activity within the realm of one internet property, such as Facebook tracking your activity within Facebook and notifying potential “friends” to contact, which I’ve found to be beneficial at times, but rather that such properties are selling your information to anyone and everyone. Some sites do not but most see such data as a large component of their revenue and merely visiting the web site constitutes an agreement with the site to allow such tracking and analytical behavior. It is as if you just set your foot in the door of a brick and mortar location, realized you were in the wrong place, turned around and left, yet they surreptitiously attached something to your coat when you came through the doorway which tracks your every move from that point on. It is no different.

William Thien

As you know I support legislation seeking increased privacy for internet users.

It is my opinion that protecting the personal privacy of internet users is THE most significant social issue today. It is without a doubt THE most crucial issue of The Internet Age. The installation of tracking code onto a person’s computer when they visit a particular web site should be more regulated. How many times have you visited a web site only to discover you were misled after doing a search using one of the big three search engines who sold the rights to that web site to do just that, mislead you so that they could attach tracking code to your computer? Now you don’t know who is tracking you or what web site installed secretive, malicious software on your computer that is acquiring your key strokes or uploading your files.

Furthermore, we hear in the news…

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As you know I support legislation seeking increased privacy for internet users.

It is my opinion that protecting the personal privacy of internet users is THE most significant social issue today. It is without a doubt THE most crucial issue of The Internet Age. The installation of tracking code onto a person’s computer when they visit a particular web site should be more regulated. How many times have you visited a web site only to discover you were misled after doing a search using one of the big three search engines who sold the rights to that web site to do just that, mislead you so that they could attach tracking code to your computer? Now you don’t know who is tracking you or what web site installed secretive, malicious software on your computer that is acquiring your key strokes or uploading your files.

Furthermore, we hear in the news all the time about The NSA and other government agencies spying on us and we all have reservations about the extent of such activity.

But the subject of the corporate blanket search warrant issued to your computer when you accidentally visited a web site to which you were misled by one of the big three search engines is hardly ever discussed, yet it is that particular activity which I am convinced is more pernicious.

We need more regulation to protect the privacy of internet users. The internet is here to stay. I see no reason why we should have to sacrifice our personal freedoms merely due to some technological innovation such as the internet.

I think it is quite possible that the internet age’s most crucial issue is deliberately being ignored by our elected at the direction of those who profit directly from what I describe. But with changes to campaign finance laws and the inability to track related lobbying efforts throughout the country, it is unlikely we will ever know the true extent of such activity as I describe.

It would be nice if one of the current presidential candidates would take the matter up as part of their platform. I’m sure they would find such attention well received.

Copyright © William Thien 2015

Don’t forget to read my books! Just click on the link I’ve provided to Amazon and it will take you right to my page. Sales of my books are how I pay for all of this. The Kindle version is only $1.00! You can buy my books at Amazon.com or Barnes and Noble.

Sign up to receive updates. It’s easy and safe. Just go to the upper right hand corner of this page and add your email address. Or if you don’t want to offer your email address, click on the “Follow” button midway down the page. You will automatically be added. We will never sell your contact information to anyone.


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