Clipmarks | Wealth Clips

Ending Poverty

Sat, 11 Oct 2008 06:10:53 GMT

clipped by: AainaA
clipper's remarks: Blog Action Day

21st Century Financial Prostitution

Demand is based on confidence and confidence can be manipulated.

How will this decline help the modern world regain its foothold and be redeemed of an everlasting bliss beyond 2012 when poverty is supposedly to cease ?

This post is part of Blog Action Day 08 - Poverty

Employing paper to create wealth is not true wealth – Real money has intrinsic values whilst artificial currencies have none – the only value conferred upon it is by market forces, controlled by the wealthy through politics and manipulations. Its market value will last only for as long as, there is public confidence and demand for it in the market.

Tags: poverty, usury, solution, economy, business

WRONG! Ob.'s Mid-Class Tax to RISE ! $ !

Sat, 11 Oct 2008 02:26:14 GMT

clipped by: davboz
clipper's remarks: From their pocket to the Lower Class's. Just as in HOUSING.
You know, the ones who will pull the rest down. when they are mandated through community intimidation, wealth they haven't earned. Not because they are in dire need situations, but, because they are able to raise an arm and say,"Gimme Mine!"
Let's take it to the National level, it works so well.

Clip Source: www.patterico.com

“To the surprise of some, even though Senator Obama’s tax plan lowers taxes for the bottom four quintiles, marginal tax rates would fall only for the very lowest-income couples. Taking both income and payroll taxes into account, those at the very bottom of the income distribution would see their effective marginal tax rates fall from 27.4 percent to minus 58.6 percent due to proposed changes to the earned income tax credit and Senator Obama’s new “Making Work Pay” credit.

Most low- and moderate-income couples would see their effective marginal tax rates rise,

Indeed, some low- and moderate-income taxpayers will see their marginal rates rise to more than 50 percent.“

The combination of the phase-out of the EITC, the “Making Work Pay” credit, and the child and dependent care credit pushes the effective marginal tax rate to as high as 51.7 percent

That is, the taxpayer

gets to keep less than one half of every additional dollar of earnings in the roughly $30,000-to-$43,000 range.“

Cost of Global Warming equivalent to solving ALL the major problems in the world 3x over

Fri, 10 Oct 2008 16:40:00 GMT

clipped by: infopunk
clipper's remarks: Details not included in this short clip.

Clip Source: www.timesonline.co.uk

To make a simple comparison, the UN estimates that for about £40 billion annually, we could solve all major basic problems in the world - we could give clean drinking water, sanitation, basic education and healthcare to every person in the world.

efforts to reduce the speed of global warming will cost huge sums of money and have a pitifully tiny effect

global warming's total cost will be only about one half of 1 per cent of the net worth of the 21st century; that is the current worth of all the wealth projected to be generated in this century.

£100 billion annually for the rest of the century.

best-case scenario

temperature at the end of the century would be 2.4532342C. The effect is a difference of about 0.00038C - or about one three-thousandth of a degree in a hundred years.

This is the equivalent of delaying the temperature increase by the end of the century by a little less than a week.

But instead we are spending a fortune achieving almost nothing.

we have to come to our senses.

Tags: global warming, poverty, climate change

Turbulence and Trends

Fri, 10 Oct 2008 15:40:54 GMT

clipped by: deb2012
clipper's remarks: observations of a central banker

Clip Source: londonbanker.blogspot.com

I was reminded yesterday that the vast bulk of “wealth” created during the Greenspan/Bernanke bubble years accrued to the very top percentiles of population – with many in the OECD middle class and lower class either stagnating or getting poorer as they mired themselves in unsustainable debt. While opportunity and employment grew strongly in emerging countries, there too the elites gained disproportionately as income inequalities surged. The crash of global financial markets therefore will have disproportionate effect on the elites, impoverishing them to a far greater extent, although it will be felt throughout society as employment, pensions, investments and public services contract.

Once we hit bottom of this downturn, some years hence in all probability, we may experience a democratisation of wealth and opportunity like none seen since the end of World War II when education reforms and unionisation laid the groundwork for the rise of the American and OECD middle classes

Tags: economy

Toddler Planet and Imaginary Wealth

Fri, 10 Oct 2008 15:26:48 GMT

clipped by: papananook
clipper's remarks: The industrialized world is still incredibly rich without it. If we were all (particularly the people at the top) willing to accept a little less, and stop trying to stick somebody else with the entire loss, we'd all be fine.

But apparently this type of behavior—something I've dubbed "not being a three year-old toddler"—is beyond the capability of humanity. We'd prefer to suffer enormously instead.

Clip Source: www.tinyrevolution.com

Toddler Planet

I first learned about the Great Depression when I was ten or so. And I remember thinking: I don't get it. I was mystified by the way this could have happened—everyone suddenly becoming much poorer for ten years—when nothing whatsoever had changed in physical reality.

I understand the process of the Great Depression now. But it's certainly an education to watch a gigantic financial panic in real time. I look outside, and the sun is shining. The world still has all the same people and buildings and cars and factories—i.e., it's not like we've just suffered from a virulent plague or half the planet's been destroyed by bombs. And yet we really may all become much poorer for the next ten years.

It's completely insane. And it could be avoided if we would all just calm down and look at reality, which is not that scary. So we don't have $8 trillion of imaginary wealth we thought we did. Who cares?

Benefits of Economic Freedom

Fri, 10 Oct 2008 13:08:35 GMT

clipped by: abelkin

Clip Source: www.quebecoislibre.org

Teach a man about economics

Ghana, due to recent political stability and to market reforms such as privatisation and reduced restrictions on international trade

Still, overall reforms are slow, and to make matters worse, Bangladesh consistently ranks as the most corrupt country

When people are allowed to make their own decisions about what to buy and sell on the open market, they will by and large make their decisions based on the most efficient use of resources, and wealth will grow. When property rights are protected and people are allowed to keep the product of their efforts, they will have an incentive to work harder and smarter, and again, wealth will grow.

Diamonds: Not Just Wealth but Health?

Fri, 10 Oct 2008 10:05:40 GMT

clipped by: thisnamecantbetaken

Clip Source: www.dailygalaxy.com

Diamonds: Not Just Wealth but Health?

diamonds have a real intrinsic value other than "looking pretty", with mass-produced nanodiamonds helping to cure cancers.

Certain chemicals can greatly reduce the risk of lingering cells restarting all the cellular trouble after a tumor has been removed. The problem is that getting those drugs into the system can either result in flooding the entire body with the agent, with all manner of unwanted effects, or using site-specific implanted patches which give up their contents all too quickly.

Unless they're made of nanodiamonds. Thanks to their large biocompatible surfaces, the clusters of mini-gems can hold large reserves of many different kinds of agents which are slowly released over a period of months.

researchers at MIT are also working on using gold as a cancerbuster.

It seems that in this new age of information and nanotech, even gold and gems have to find new jobs. Better ones.

illusion of progress

Fri, 10 Oct 2008 03:41:05 GMT

clipped by: ThirdEyeContact
clipper's remarks: The progress lies instead in real, physical PRODUCTION of wealth, and improvement of the population's general welfare.

Clip Source: www.markjoyner.name

We could choose to simply "discuss" concepts and those discussions may result in nothing at all, no matter how well intentioned. Even worse, discussion without action fixates the mind on discussion and creates the easily accepted illusion of progress.

The Oil Drum on the financial crisis

Tue, 07 Oct 2008 18:29:44 GMT

clipped by: enbar

Clip Source: www.theoildrum.com

Herman Daly on the Credit Crisis, Financial Assets, and Real Wealth

Can the economy grow fast enough in real terms to redeem the massive increase in debt? In a word, no. As Frederick Soddy (1926 Nobel Laureate chemist and underground economist) pointed out long ago, “you cannot permanently pit an absurd human convention, such as the spontaneous increment of debt [compound interest] against the natural law of the spontaneous decrement of wealth [entropy]”. The population of “negative pigs” (debt) can grow without limit since it is merely a number; the population of “positive pigs” (real wealth) faces severe physical constraints. The dawning realization that Soddy’s common sense was right, even though no one publicly admits it, is what underlies the crisis.

The agglomerating of mortgages of differing quality into opaque and shuffled bundles should be outlawed. One of the basic assumptions of an efficient market with a meaningful price is a homogeneous product.

Tags: post:socialmedian, financial_crisis, economics, money, blogclip, commentary, !toread

Avarice

Tue, 07 Oct 2008 11:09:17 GMT

clipped by: abailart

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Avarice.

Money, thou bane of blisse, & sourse of wo,
     Whence com’st thou, that thou art so fresh and fine?
     I know thy parentage is base and low:
Man found thee poore and dirtie in a mine.

Surely thou didst so little contribute
     To this great kingdome, which thou now hast got,
     That he was fain, when thou wert destitute,
To digge thee out of thy dark cave and grot:

Then forcing thee by fire he made thee bright:
     Nay, thou hast got the face of man; for we
     Have with our stamp and seel transferr’d our right:
Thou art the man, and man but drosse to thee.

     Man calleth thee his wealth, who made thee rich;
     And while he diggs out thee, falls in the ditch.

George Herbert

Tags: avarice, george herbert

Really need teleseminar.

Tue, 07 Oct 2008 08:24:09 GMT

clipped by: personaldevelopment
clipper's remarks: How do you handle the news about the economy without freaking out? With a strong internal compass and foundation! Learn of the tools that can help build or strengthen it.

Clip Source: personaltransformationcenter.com

Keeping a Positive Outlook In This Economy…

The news from Wall Street and the Financial industry is not very promising. If we are not conscious and diligent, it can lead to stress and cause us to fall into the energy of despair and hopelessness. As in the law of attraction; what you put out is what you get back. So how do you continue to put out abundance, ease and wealth during these times without diluting your constructive energy by falling back into the hopeless feelings and erasing your desired outcomes? Why is it even important to stay in a positive and empowered space? Will it even make a difference?

Tuesday October 14th at 8:00pm EST

Spaces are limited.

Tags: teleseminar, abundance, economy, stress reduction

"Welfare State Mentality" at the bottom of our financial woes!

Tue, 07 Oct 2008 02:44:57 GMT

clipped by: Eaglewings
clipper's remarks: He who is ever desiring wealth goes running after money, and does not see that need will come on him. Prov 28:22 (BBE)

Wealth gained hastily will dwindle, but whoever gathers little by little will increase it.
Prov 13:11 (ESV)

If you work hard for it you will appreciate the fruits of your labor more so then if it is simply handed to you without the toil and the sweat.

Clip Source: www.onenewsnow.com

As our financial markets totter, as homes go into foreclosure, as Wall Street executives lose millions, as Americans have more and more difficulty getting loans, can anyone be happy?

As the details behind the current debacle are unraveled, we see how government created one more entitlement -- the right to own a house -- and then devised an array of programs to subsidize in various ways "affordable housing." Like all welfare programs, the subsidies succeeded in influencing behavior, but the wrong behavior.

Those who want to use the current crisis as an excuse to expand government and welfare state policies contribute to laying the foundation for our next crisis.

Tags: economy, economics, loans, money, real estate, home, government.subsidies

Depression Deepening

Tue, 07 Oct 2008 02:39:35 GMT

clipped by: robm47
clipper's remarks: by David N. Vaughn, Gold Letter Inc. | October 6, 2008

Clip Source: financialsense.com

“GEORGE Soros, billionaire, philanthropist and hedge fund legend, has characterized today's situation in global markets as the most severe since the Great Depression.” “We are in a period of financial wealth destruction ...” “The billionaire blamed the lack of transparency in the credit default market, which he calculated at $US45 trillion, as the root of the curtailing of bank-lending, and hence the credit squeeze.” “That is an amazing figure,” Mr Soros said, noting that the size of the CDS (credit default swaps) market is equal to the total wealth of US households and five times the national debt level.” theaustralian.news.com.au/story/0,25197,23515757

Sounds like 1929 is repeating again. Is the economy in a serious financial crisis NOW? The simple fact is that many, many banks are anticipated to go under in coming months. 1,000 banks estimated to fail soon.

Tags: economic

1

Mon, 06 Oct 2008 17:47:48 GMT

clipped by: mmaher11

Clip Source: www.doctorhugo.org

"Seven Blunders of the World"

1. Wealth without work

2.

Pleasure without conscience

3. Knowledge without character

4. Commerce without morality

5. Science without humanity

6. Worship without sacrifice

7. Politics without principle

—Mahatma Gandhi

Mark Cuban On How To Get Rich

Mon, 06 Oct 2008 15:09:36 GMT

clipped by: Andrew Farrell
clipper's remarks: I'm always amazed that people will shell out money for get-rich-quick schemes. Anybody that has actually earned their riches justly will tell the real way to a fortune is a lot of hard work.

Clip Source: blogmaverick.com

This is not a short term project. We aren’t talking days. We aren’t talking months. We are talking years. Lots of years and maybe decades. I didn’t say this was a get rich quick scheme. This is a get rich path

Now you wait for times of uncertainty and change in your business. The time will come. It may come quickly, it may take years and years. But it will come. The nature of our country’s business infrastructure is that it is destined to be boom and bust. Booms are when the smart people sell. Busts are when rich people started on their path to wealth.