China: Says Stability Is Needed For Stronger Global Economy As They Beat The War Drums In The South China Sea


Stability needed next year for stronger global economy

FOR China and the world to witness stronger economic growth next year, one thing is needed: stability.

For an international market trapped in fluctuations during a year of surprising events, a new direction in 2017 is a must, something discussed at a recently ended annual economic policy meeting in Beijing.

“Seeking progress while maintaining stability” was the main theme of this year’s Central Economic Work Conference, according to a statement released by the conference on Friday. Economic priorities for 2017 were also be hammered out.

With a gross domestic product (GDP) accounting for over 15 percent of the global total, China’s growth at 6.7 percent in the third quarter, or between 6.5 percent and 7 percent annually, represents a natural and significant contribution to global economic stability.

That is true more than ever since the International Monetary Fund in October revised down global growth to 3.1 percent for 2016 and 3.4 percent for 2017.

Moreover, the spillover of China’s new economic policies will be strongly felt in the ongoing joint construction of the China-proposed Belt and Road Initiative, which will see development of countries along its route.


In combination with the growth trend in the second half of 2016, the important messages Chinese policymakers convey at the key annual economic conference will highlight a clear reform course for the world’s second largest economy.

Stability is a prerequisite for reforms, commented Margit Molnar, head of the China Desk of the Economics Department of the Organization for Economic Cooperation and Development.

Having dealt with such flashpoints like the asset bubble and local government debt, China will help prevent systematic risks, creating conditions for continuing the supply-side structural reform, he told Xinhua.

The economic work conference has maintained supply-side structural reform as necessary for stable growth, with a continued focus on upgrading the country’s economic structure.

Reforms which focus on expanding effective supply in a dynamic supply-demand equilibrium, will promote stability, said Zhao Yao, professor with the business school of Rutgers University in the United States.


Homes are for living in rather than speculation, the conference stressed, proposing to use financial, land, taxation, investment and other instruments to establish a fundamental and long-term system to curb real estate bubbles and market volatilities.

Guo Shengxiang, dean of the Australian think tank Academy of APEC Creative Finance, described the idea as “forward-looking”.

“It will be a good news, to stabilize the market, improve people’s well-being and facilitate the development of the real economy,” he said.

The Hong Kong and Shanghai Banking Corp. (HKSB) believes measures to cool down real estate will not thwart China’s economic recovery.

Without a complete tightening of monetary policy, the impact of government regulations could be neutralized by infrastructure investment with financail support, it said.


The conference defines China’s monetary policies for 2017 as “prudent and neutral”, promising better adjustments to ensure stable liquidity.

Monetary policymaking should adapt to changes in the use of money supply tools, and further efforts are needed for smoother policy transmission, it said.

China will keep the yuan basically stable, while improving the flexibility of exchange rates.

“The stance shows the government is trying to find a subtle balance between stabilizing growth and controlling asset bubbles,” noted Hong Hao, chief China strategist at BOCOM International.

Earlier, a Standard Chartered Bank report predicted financial and monetary policy instruments available to the Chinese government would suffice to support China’s growth in the coming years.

If You Have Any Interest In Ancient Law, History, And Culture, Learn Of Hammurabi


Friday, 11 November 2016

Hammurabi’s Code of Law

Hammurabi’s Code of Law is a well-preserved Babylonian law code of ancient Mesopotamia, dating back to about 1754 BC. It is one of the oldest and one of the most important deciphered writings of significant length in the world. The sixth king of the Babylonian dynasty, Hammurabi, enacted this code. Partial copies of this code exist on a seven and a half foot stone stele and various clay tablets.
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It was a Customary law of code, which means that it was based on rituals, customs, and practices of the society. The code consists of 282 laws, with scaled punishments, adjusting “an eye for an eye, a tooth for a tooth” as graded depending on social status, of slave versus free man. Customary laws was the basis of legal structure. Rulers would usually apply the laws of their predecessors. Rulers would issue edicts which contained these modifications. Hammurabi carried out a thorough compilation of laws, many of which were intended to guide judges in situations which were not provided for in existing law. In order to familiarise the people with these laws Hammurabi had them inscribed and placed in several parts of the empire, many were placed in temples also. The Susa inscription is the most well known of all the copies of Hammurabi’s code.
Susa inscription
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The Mesopotamian Society at a glance.

The code confirms the existence of a highly stratified society. The code recognises three main classes: Wardu, Mushkenu and awelu.
Wardu was the term used for slaves. By Hammurabi’s time there was a considerable slave population in Mesopotamia. The ability to produce a surplus on a regular basis had been the first precondition for the emergence of slavery. Slavery becomes possible when society reaches a stage where it can produce surplus. Warfare, however is the second precondition for slavery. Enslavement implied complete dehumanisation of a person. Slaves were treated as things and not as human beings. The first slaves were women. When a group was conquered, the normal practise was to kill the men and enslave the women. It would have required too much armed force to watch over men slaves who possessed military training. It was much later that men were enslaved. The Wardu had distinctive marks on their bodies. This made it difficult for them to run away. They were shaven and branded. In Hammurabi’s code of law, helping a slave lead to death.
The Awelu were the uppermost stratum of society. Awelu were free inhabitants enjoying superior rights. The Awelu included priests, nobles, military leaders, warriors, scribes and big farmers. The ruling elites were drawn from this class.
The Mushkenu did not enjoy certain rights. They could not hold any public office and were usually not allowed to possess weapons. Their right to property was limited. They were tenants rather than landowners. The Mushkenu stood much lower than Aweku in the social hierarchy. Yet they were free, unlike the Wardu. Whereas laws in the code ordinarily apply to the Awelu and Mushkenu in a similar manner, most of the penalties prescribed are much lighter for the Awelu.


Almost one-forth of the laws in the code pertain to marriage and the regulation of family relationships. Also, the emergence of private property meant that rulers for inheritance had to be property defined. There must have been a large number of disputes over the inheritance of property. The family, rather the clan, now became the main unit for control over property. Property was inherited within the family.

Women’s Status

With the development of agriculture, agrarian communities took to sedentism and established ties of cooperation with one another. These ties were strengthened ties of cooperation with exchange of marriage partners. Women would give birth to children and thereby could be tied down to a new group more easily. Their reproductive function would give them a stake in the group into which they had married, ensuring the loyalty. Men on the other hand would find it easy to break their ties and run away. Women thus became commodities to be exchanged primarily for the purpose of producing children. Once woman had became a ‘thing’ she no longer enjoyed an equal status. Society became a male dominated Society. The Structure of family was patriarchal. The authority of the father could not be questioned. If a son hit his father, the father could punish the son by cutting of his hand.
A Dowry settlement would be made at the time of marriage. When a women Died, her dowry went to her sons.
Divorce was a male prerogative. According to the code one of the acceptable grounds for divorce was that a woman had behaved ‘foolishly wasting her house and belittling her husband’ The most common reason for divorce was the feature to give birth to sons.


Another category of laws in the code deal with the economy. A farmer who undertook to reclaim wasteland was allowed three years to perform the task. In the first year he paid no tax, half the normal tax in the second year, and the full rate in the third year. The laws make it clear that every holder of land had to maintain the bank of any canal that flowed past the fields, and any neglect which might result in damage to adjacent fields was punishable. Then there are laws which lay down the price that had to be paid for certain services, e.g surgery.


Hammurabi’s code has references to the system of ilkum which was a mechanism for enlisting military service. Ilkumimplied a grant of land which obliged the holder to serve in the army. It is not very clear as to how ilkum operated, but this institution was useful for mobilising military support.

A thought

Mesopotamian laws, including those enshrined in Hammurabi’s code, exerted considerable influence over the legal systems of other societies of West Asia. Many of these laws were later modified and adapted to suit the social conditions of the people of this region. 

China’s Economy Is Doing Better Than They Thought In The Third Quarter



Economy ‘better than expected’

CHINA’S economy performed better than expected in the third quarter and the country’s debt risks are under control, Premier Li Keqiang said yesterday.

“China’s economy in the third quarter not only extended growth momentum in the first half but showed many positive changes,” Li said in the speech in Macau that was broadcast live on state television.

Key indicators such as factory output, company profits and investment rebounded, he said, ahead of China’s release of third-quarter gross domestic product data on October 19.

More than 10 million new urban jobs were created in the first nine months, with the survey-based jobless rate falling below 5 percent in September, he said, while acknowledging that the economy still faces downward pressure.

China will be able to achieve its main economic targets this year and maintain medium to high-speed growth, he said.

The government is aiming for annual economic growth of 6.5-7 percent this year, compared with 6.9 percent in 2015, the slowest expansion in a quarter of a century.

Despite a rocky start and weak exports, China’s economy grew 6.7 percent in the first half, buoyed by higher government infrastructure spending and a housing market frenzy which is beginning to raise fears of overheating.

Li said the government will take effective measures to ensure the stable and healthy development of the property market, and will encourage cities to set their own real estate policies.

More than a dozen cities including Shanghai and Beijing have tightened restrictions on property purchases in recent weeks to cool prices.

China’s debt risks are under control, Li said, but the government will take steps to reduce high debt levels of non-financial firms to help ward off financial risks.

Non-performing loans are rising but the banking sector will be cushioned by ample liquidity and sufficient bad-loan provisions, he said.

S&P Global said yesterday that rising debt levels will worsen the credit profiles of China’s top 200 companies this year, requiring the country’s banks to raise as much as US$1.7 trillion in capital by 2020 to cover a likely surge in bad loans.

On Monday, China unveiled guidelines to reduce rising corporate debt levels, such as encouraging mergers and acquisitions and debt-for-equity swaps.

Debt is one of China’s biggest challenges, with the country’s total debt load rising to 250 percent of gross domestic product.

The premier also reaffirmed the government’s goal of developing the country’s capital markets to help reduce the reliance on bank lending.

China’s Factory Output Picking Up Pace In August

(This article is courtesy of the Shanghai Daily News Paper)

Factories pick up the pace in August

CHINA’S manufacturing activity expanded at its fastest pace in nearly two years in August, according to figures released yesterday, but private manufacturers posted data that was weaker than expected.

The Purchasing Managers’ Index, which mainly tracks large state-owned companies, rose to 50.4 last month, according to the National Bureau of Statistics, its highest reading since October 2014.

The Caixin China General Manufacturing PMI survey, focusing on small and medium-sized firms, came in at 50 last month compared to July’s 50.6 reading. A third survey, meanwhile, revealed the official services PMI fell to 53.5 in August, down from 53.9 in July. Figures above 50 indicate growth.

“This data suggests the forthcoming industrial production and export data for August may improve somewhat,” Australia and New Zealand Banking Group said in a research note. “The improved business conditions should offer some relief for some industries in the course of capacity reduction.”

Zhao Qinghe, a senior analyst at NBS, said: “August is the beginning of China’s manufacturing peak season, and we expect the official PMI will go higher in the coming months.

“High-tech and consumer goods are doing well. It’s a positive sign that China’s manufacturing is changing from the low-value-added end to the higher one.”

But there are concerns the gains aren’t shared equally, analysts said, as the different performances by firm size reflects a deteriorating business environment for smaller enterprises with credit risks in the segment likely to increase. Among small and medium-sized manufactures, production and new orders both rose at slower rates while export sales continued to decline in August, Caixin said, calling current operating conditions “stagnant.”

“The big question is where growth momentum on a sequential perspective is going over the next few quarters. There’s still a lot of uncertainty,” said Zhu Haibin, chief China economist and head of China economic research at JP Morgan.

He added that a depreciating yuan and tepid global demand continued to weigh on Chinese factories.

The “stagnant” status of economic stability was also partly due to a short-term tightening up of fiscal support, Zhong Zhengsheng, director of macroeconomic analysis at CEBM Group, said in a note after the PMI report.

“China’s economy is still facing downturn pressure in aspects such as external demands, property market and production reduction,” Zhong said. “A relatively loose fiscal policy is needed to maintain a stabilized economy.”

While the government has said several times that a large-scale monetary stimulus is unlikely this year and extra loosening is not needed at present, analysts warn that falling private investment and volatile housing policies should be the next things to worry about.

Abuja Nigeria To Host ‘Proudly Nigeria Expo’ September 5-11

(This article is courtesy of the Abuja Nigeria Inquirer News Paper)

The Federal Capital Territory is to play host to the maiden edition of the Proudly Nigeria Expo aimed at patronizing made in Nigeria goods and services.
The seven-day event slated to hold from 5-11 September, 2016 is to showcase the potential and opportunities that exist in Nigeria, training on start-ups and small businesses generally.
Addressing journalists as part of activities to mark the event, the convener, Mrs. Jumai Ahmadu, called for sustained advocacy to tame the appetite of most Nigerians for foreign goods, stressing that buying Nigeria goods stimulate the local economy given that all economic growth starts at the community level.
“Patronizing local goods helps the farmer, trader, artisan to stay in business. Why should people buy imported eggs when the nutritional value is not different from eggs produced locally? Why should scarce forex be used for goods that can be produced locally and drive our economy for imported ones?
“Being Proudly Nigeria guarantees job security. If we do not patronize our own goods and services, how do we ensure people stay employed and those looking for jobs are employed”? She queried.
Ahmadu also queried the issue of local content by foreign companies in Nigeria, noting that it is inconceivable that they bring staff from their own country, when Nigerians can as well render these services.
According to her, “For Proudly Nigeria, it is not just a one-off expo but an advocacy, a continuous messaging that Nigerians should buy made in Nigeria goods, patronize local services and get government to ensure that the local content quota is adhered to by foreign companies doing business in Nigeria.
“It is curious to find individuals and businesses that would not even employ a Nigerian nanny or driver rather employ people from other African countries. In the building sector, it is even worst as some builders would not recruit Nigerian masons, tillers and other artisans in that sector, rather will use artisans from somewhere else. Most often than not, those who do this act on the base assumptions that Nigerians in those trade are not good enough. Experience brings perfection!” – See more at:

Pakistan And India: Can There Ever Be True Peace Between Them

(This article is courtesy of the Pakistan Observer News Paper)

A mature policy towards India

Masood Khan

Tension between India and Pakistan, and the hostility that goes with it, is a ‘constant’ not a ‘variable’. This is what our history of the past seven decades has manifested. This evaluation is neither negativist nor pessimistic. It captures a reality and a trend that has proved to be enduring.
Of course, from time to time nations have transcended their past to seek peace but conditions are not ripe for such a breakthrough between India and Pakistan. Pakistan would not abandon its stance on Kashmir, India would not address it the way Pakistan wants, and India would continue to use its new-found diplomatic space and economic prowess to isolate and undermine Pakistan. India would not let go of its accusations of terrorism against Pakistan to delegitimize the Kashmir issue and Pakistan’s nuclear programme. The UN, in this fight, will remain a bystander and India would use its clout with the US, Europe and the Gulf states to diminish Pakistan’s outreach and deny it opportunities to develop its economic and military strength.
Pakistan has secured itself by acquiring nuclear capability and its economy is showing promise. The China-Pakistan Economic Corridor (CPEC) alone has given a big boost to Pakistan’s economy and the good news is that many global investors are also taking keen interest in Pakistan.
Pakistan has also pursued a very sophisticated and constructive policy towards India in the past several years. The crux of the policy is: try to engage but do not compromise on the core principles.
But quite a few of Pakistan’s flanks remain vulnerable involving the Indian factor. In Afghanistan, India’s influence, among others, hampers normalization and reconciliation and that has a direct bearing on Pakistan. Indian commander Kulbhushan Jadhav’s arrest confirms that India has been using Iran’s territory to plan and execute terrorist and subversive activities in Pakistan. In the US, Indian lobby has become so powerful that, in many areas, it holds a veto over the United States’ Pakistan policy. This past week, for instance, pro-India US legislators have been objecting to a sale of F-16 aircraft to Pakistan. The voices are American; but the agenda is India’s. Delhi is making new inroads into the Gulf region among the nations disaffected with Pakistan because of its rather balanced position on Iran-Gulf relations. It is also working constantly on China to dilute its positions in the Nuclear Suppliers Group and the UN Security Council that seem to help Pakistan; and India has protested to China for taking the CPEC through Gilgit-Baltistan. India is demonstrating its ability to hurt Pakistan beyond South Asian borders and shrink its space.
In the first few months of 2016, some new patterns have emerged. After the terrorists attack, the Pathankot airbase in India, there wasn’t a general break-drown though this scuttled the proposed talks between foreign secretaries of the two countries. Pakistan’s Joint Investigation Team to look into to the leads on the Pathankot incident was received in India but the team was given limited access defeating the very purpose of the visit. After the arrest of Jadhav, a serving Indian naval officer, Pakistan did not cut off communication with India. Ranking foreign ministry officials have been meeting on the sidelines of multilateral conferences. So a model of grudging, cautious cooperation, albeit fragile and brittle, seems to be emerging.
Pakistan should take the following steps to deal effectively with the emerging scenarios:
One, it should not take its strong ties with China for granted. There should be no complacency in promoting and expanding ties with our closest strategic cooperative partner. The onus for sustaining and strengthening the relationship is not just on China, but on Pakistan too. Pakistan should have its own people to people contact policy towards China so as to give depth to our ties.
Two, do not neglect the US. Though, over the decades, we have lost ground in Washington, the situation is not irredeemable. Pakistan too should use its expanding Diaspora community in the US. A new base has been furnished by the recent high-level bilateral contacts to broaden our relationship to non-security areas. In that realm, development of the Knowledge Corridor will be most productive.
Three, through quiet diplomacy repair the damage in the Gulf region and the Middle East. The Gulf countries, though annoyed, still have a bond with Pakistan that would not be snapped, ever. In the Arab Street, Pakistan is seen as a beacon of hope for the Muslims. Besides, today we need Arabs, tomorrow they would need Pakistan, for sure, for economic progress and linkages.
Four, Pakistan should explore two new corridors. One should go through Iran branching off to Turkey, the Caucuses, and Europe, in the west, and to Central Asia and Russia, in the north, the other should be our corridor to Africa, the most underutilized potential of our external policy.
Five, we should realize that Afghanistan will take a long time to settle down. This year and in 2017, we should brace for a civil war that would have adverse consequences for Pakistan. The Afghan factions would continue to drag Pakistan into their fights and then berate it for all their troubles. So Pakistan should take a very patient and resolute approach. Afghans are now saying that they do not need Pakistan for facilitating peace and reconciliation process; all they want is that we start military operations against Afghan Taliban. At least one Afghan official has said that Afghanistan would send its own squads for attacks on Pakistani soil. This may not just be bluster.
Six, with India we should continue to give signals for engagement in a dignified manner. The prospects of resolving problems with India are very slim. There would be escalation whether or not we like it, but we should never let it spin out of control. We need a period of relative calm till 2030 to develop economically and militarily. This is a critical transformative phase in our history as a nation. We should not let it be disrupted by tensions with India; and we should not squander this precious opportunity.
Investors are coming to Pakistan; they should not flee.

China’s Business Market Is To Big Too Big To Ignore

(This article is courtesy of the Shanghai Daily News Paper)

Investing In China: Too Big To Ignore

对华投资 ——不容忽视的巨大吸引力

MANY American investors focus solely on the U.S. economic cycle and ignore the rest of the world. But sophisticated family offices are now paying a lot of attention to China as well. China has become the world’s second largest economy, the primary consumer of many commodities, and a key driver of global growth. According to HSBC, China consumes more than half of all global aluminum and nickel production, and close to half of global copper and zinc production. China is the second-largest importer of crude oil, and is on track to surpass the United States in total demand for oil.
China has also been a key source of opportunity for U.S. multinational companies. For example, China accounts for 25% of Apple’s revenue. Five years ago, China accounted for only 11% of Apple’s revenue. Chinese monetary and fiscal policy also has global consequences. Investors will remember that in August 2015 China surprised investors with a 2% depreciation of the yuan. Global stock markets tumbled on fears that China’s growth would slow, and bond yields crashed as investors worried about the deflationary impact of a larger Chinese currency devaluation.

Chinese Citizens Living In Australia Are Learning Benefits Of Free Market System

(This article is courtesy of the Shanghai Daily News)


China’s shopping army reboots outlook for Australian retailers

IN 2013, student Na Wang began shipping fish oil capsules to China from Sydney to help pay the rent. Now, she’s in business, part of a growing army of Chinese shopping agents sending Australian food and diet pills home to feed rampant demand.

Wang, 33, is one of up to 40,000 Chinese ‘Daigou’ in Australia, retail consultants say, using social media and mobile payment apps to buy goods to order for mainland China customers. While Daigou first made waves in the West shipping luxuries from Europe like Gucci handbags, the new Australia breed deals in ‘white gold’ — baby milk formula — and other consumer staples.

More affluent, health-conscious Chinese shoppers want safe Australian goods, a trend stoked by tainted China food supply scandals. This year, brands like formula maker A2 Milk have begun exploring ways to harness the growth of Daigou, rather than compete with them, targeting cross-border e-commerce that’s seen by consultancy ThinkChina at US$1 trillion this year.

“People in China just love Australian products,” said Wang, boxing up an order of Maca Plus, a powder said to boost libido, and detox treatment Fatblaster Coconut. “They like the quality,” said Wang, an economics graduate from Shandong province still studying English as she looks for a job. “Nothing is expensive for them.”

It’s not all plain sailing for Daigou, back home or in Australia. In April, Beijing tightened rules on cross-border online shopping, though in Australia shoppers like Wang say orders haven’t been hit.

Meanwhile, at the height of a 2015 boom in demand for milk formula from China, triggered by a food safety scandal, Daigou attracted criticism in some Australian media for vacuuming up supply and leaving domestic shoppers empty-handed.

But the scale of the new trade has alerted retail brands to potential new sales via Daigou tie-ups that might otherwise be beyond the reach of mid-tier consumer goods makers.

“Everyone’s working on it (Daigou tie-ups) now, including all the big brands,” said Benjamin Sun, director at ThinkChina. “If you think about global markets, what Australia can offer to Chinese online consumers is food, supplement and dairy, not so much fashion and luxury goods.”

Live video shopping

Daigou — meaning “on behalf of” in Chinese — establish a network of prospective customers on popular online messaging app WeChat, owned by internet giant Tencent Holdings Ltd.

Some, like Wang, even broadcast their shopping live via WeChat’s video service to show buyers the products are genuinely from stores in Australia, not counterfeit Chinese goods.

Wang and her Daigou competitors typically charge premiums of about 50 percent above the sticker price on Australian store shelves. But even allowing for shipping fees, that still means the buyer pays much less for the same product in a Chinese store — assuming it is available.

A bottle of 200 capsules of Blackmores Ltd’s Fish Oil is available in Chinese stores at three times the Australian retail price of A$26.50 (US$20.2). Blackmores says about 40 percent of sales came from China — both direct exports and via Daigou — but declined to comment on dealings with Daigou.

Waiting for shipments are buyers like Lu Jiwei, a thirty-something software worker from Dalian. Lu buys about once a month from three or four Daigou suppliers, stocking up on Australian dairy, wine and nutrition products.

“It’s a bit more expensive, but not too much more to buy throughDaigou versus buying Chinese products,” said Lu.

“Mainly it’s to do with food safety concerns. Food safety standards here are perhaps a bit lower, and then you’ve got the source of milk because in China it’s more likely that it will be affected by air pollution.”

‘Positive force’

The difficulty of doing business in China for smaller would-be exporters has led consultants specialising in Chinese markets to increasingly advise Australian companies to team up with Daigou.

Peter Nathan, chief executive of A2 Milk, a New Zealand infant formula maker that also produces in Australia, said the firm was looking at ways to work more closely with Daigou.

“We think Daigou are good for both the local economy…and they are very good for our business,” Nathan said. “We clearly believe they are a positive force and it’s fair to say that it is something we are assessing.”

While food makers are keen, some big retailers have sought to tap the Chinese market directly themselves.

Top grocer Woolworths set up an online store on Chinese e-commerce giant Alibaba Group Holding Ltd’s vast Tmall electronic marketplace. But some Australia industry players, speaking on condition of anonymity, say the store has met with mixed results — largely thanks to Daigou offering the same goods for less.

Woolworths declined to comment on sales from its Tmall store, or on competition from Daigou.

But for agent shoppers like Wang, the Daigou business is in Australia to stay.

“I’ll continue to do this even after I find a job,” Wang said. “Lots of money, good profits.”

Smelly Oil Company

Once upon a time not  so long ago (and this is no fairytale)

I was working executive security just trying to earn that dime

Stationed at Smelly Oil Company in the town of Enron fame.

One Friday eve on the maintenance elevator I chose to ride

43 rd floor my goal, it’s the home of Presidential fame ya know

Quietly checking offices to see if all  were weekend bound.

Two male voices I hear, coming down the hall very clear

Having a conversation that no one was suppose to hear

There was a former Governor very well known as “our boy” round there

His Presidential campaign going slow, gave “our boy 3 million more today”

These the words of my boss he was bragging to his friend

At this time gas sold about 70 cents, way to low for them

Boss bragging to his buddy how Our Boy was Oval Office bound

Having one of these puppets on a string, is every oil mans dream

Bragging how that soon the whole Country they would be shagging

To the other suit Smelly Oil’s President was a bragging

That within 8 months of taking office, Our Boy would have gas $2 a gallon

Three times the current rate, for the Oil Companies, no doubt that’s great

Not caring that the whole world’s infrastructure would be drowning

To me these type of acts  toward our country is nothing short of treason

To bad these good ole boys, to realise their dream, had to wait untill 2000.

It’s Called Trickle Up Economics



    These days we are again hearing the old term in politics that I first heard from the Reagan era, people in Washington call it the Trickle Down Theory. The concept is being practiced by both parties, though they would probably deny it. Today these people tend to use the words “Stimulus Package”. If you remember, We tried this approach shortly before he (George W. Bush) got out of office. Then came Mr. Obama, he tried his own version of a stimulus package, bailing out the banks and Wall Street, the very people who caused almost all of the problems in the first place. The idea of this scam was to strengthen our country’s financial base from the top down. You see, neither party “get’s it”, you give the top one percent all the financial means and they just hold onto it. I have a question for you, how many of We The People have been able to get a loan, for personal or for small or medium size businesses since the banks got “our” money handed to them? Do you remember just a couple of months ago Mr. Obama was caught on camera at some conference table filled with his cronies and he said in reference to his stimulus package, “I guess that the country wasn’t as shovel ready as we had thought” and he and his cronies had a good laugh about it.

    Now Mr. Obama is prancing out another stimulus package under the cloak of it creating jobs in our country for our people. Odd isn’t it, the things these politicians try just before an election season fires up? Mr. Obama, and the Congress should have taken the other stimulus package a couple of years ago and put Americans to work then. I am a long haul truck driver by trade, a person sees and hears many things as we go around the country from the people and the local radio stations. Our nation’s roads and bridges are in lousy condition all over the country. Most all of our big cities are completely falling apart, above ground and below them. If the stimulus money from the past had been used to rebuild our country from the inside, which would have put many people to work all over our country. As you go around the country you see things like all these oil wells that are capped, even in the oil fields of West Texas. We have found lots of oil in Wyoming and the Dakotas, but as soon as they are drilled, there capped. You see, this country doesn’t have enough refineries to produce the products and we don’t have anywhere near enough storage facilities to store all the oil we already have here in our own country. These days we hear a lot about clean coal technologies and that we are the Saudi Arabia of Natural gas. Why are we selling oil abroad? People, why are we giving billions to people who use that money to finance means to kill all of us?

    Here is the simple economics behind this writing, if the money had been given out through work programs, the people of America would have been working several years ago, on good full-time jobs for good pay. Then the people would not have been losing their homes. People would have been able to have purchasing power which would have stimulated our economy putting even more people back to work. If this had happened, the Banks would have had earned a lot of money from the bottom up and the governments at all levels would have been reaping the benefits of increased tax revenue which would have keep our civil servants employed. What our country needs are politicians who are able to realize that there is nothing wrong if the bottom 99% have 95% of the money going through their hands. Then the top 1% of the population would still be getting about 5%, this would still make that small and very important group of people very, very wealthy. They are very important because they are the risk takers who have the ability to create many of our nation’s jobs, these people must be well compensated, five for one is very nice compensation.  Friends, this is what I call, Trickle Up Economics.


                                                                                  Thank you for your time,

                                                                                  Ted R Savage