Small silhouette of Doug Wolkon WELCOME TO PLURANOMICS, THE ECONOMICS OF MANY.

What You Believe You Know

They say that believing and knowing are two different things. Believing may be exciting or hopeful, but it is without the logic of knowing. To figure out the difference, lets ask ourselves some questions about the economy?

Do you believe that our banks are lenders, or do you know that they are borrowers?

Do you believe that our money markets are risk-free, or do you know that funds were lent to Lehman Brothers and AIG?

Do you believe that solar energy is more expensive than “alternative” forms, or do you know that silicon, the natural resource used to make Solar Panels, is the second most abundant element on earth after oxygen?

Do you believe that money is scarce or precious (like gold or other land resources), or do you know that our government is printing as much as they want?

Do you believe that GE has been growing by producing engines and household appliances, or do you know that most, if not all, of their last 10 years of growth has been banking related operations?

Do you believe that our Social Security Accounts are safe, or do you know that our government is using it to fund their credit operations?

Do you believe that home values always go up, or do you know that it is a short-term phenomenon fueled by lower interest rates (on greater home expense or price)?

Do you believe that our Fortune 500 Companies are too big to fail, or do you know that such great size also brings unstable profit margins of only 1-5% that require huge minimum revenue levels to stay afloat?

Do you believe the 1st mortgage on your house is owned by the bank, or do you know that local municipalities are in fact the 1st mortgagor through their real estate tax (this will continue to become more and more important)?

Do you believe that health insurance is most important, or do you know that the best insurance of health is nutrition?

Do you believe that our unemployment level is stable, or do you know that unemployment is contagious and dangerously feeds more and more unemployment?

Do you believe that our lenders (i.e. Japan, China and Russia) are stable, or do you know that they must sell their U.S. debt reserves in order to defend their own deteriorating currencies.

Do you believe that investing in solar energy is not worth the “risk”, or do you know that such utility production is the true risk-free rate (i.e. Treasury) of our economy as it is guaranteed by the sun?

They also say that “What You Believe You Know” is always subject to change…


Related Posts

comment_status) && ('open' == $post->ping_status)) : // Comments and trackbacks open ?> comment_status) && ('open' == $post->ping_status)) : // Only trackbacks open ?> comment_status) && !('open' == $post->ping_status)) : // Only comments open ?> comment_status) && !('open' == $post->ping_status)) : // Comments and trackbacks closed ?> ", ""); ?>

Post a Comment

Your email is never published nor shared.
All comments are held for approval and will not appear immediately.
Links and paragraphs are formatted automatically.
Some HTML is allowed… <a>, <strong>

(will not be published)
(optional)

Subscribe to Comments

Subscribe without commenting