The EFR Podcast Ep. #26: G7 Summit & Eco Policy……. Check It Out……..

This week’s episode Sammy BE, James Lymon and Jon Don “On The Boards”, discuss the G7 summit-conference, that President Donald Trump attended.

The trio discussed the economic and financial impact of the G7 meeting amongst the world’s most developed countries. Topics ranged from manufacturing, tariffs, trade, deficit, and surplus were discussed among the group, as well as other relevant topics in relation to the economy and finance in general, because this is what we do… THE EFR PODCAST…….

As Always #StayBless & #GodBless #RealRecognizeDeal$$$ #EcoFireTV #SammyBE #EFRPodcast

Online Platforms To Check Out:

1) www.instagram.com/EcoFireTV

2)www.twitter.com/EcoFireTV

3) www.Economic&FinanceReport.com (Economic & Finance Blog Site)

4)@Economic-FinanceReport (Podcast/Online Show)

5)www.youtube.com/channel/UCWZo5bug…Nlb2VRfDCQ/videos (EFR.Tv Youtube Ch)

6)www.SammyBuysHomes.com (Real Estate Investment)

7) www.TraderSoul.com (Financial Trading Website)

Our Real Problem From Oil: The Real Stumbling Block, Millennials and Z-Generation Is The Oil

By: James Lyman BSAE, BSEE, MSSM

Economic & Finance Report

There was an earthquake in 1956 that shook the world, and continues today jarring and shaking us to our teeth … that nobody felt then, and even today nobody feels. That was the year that M. King Hubbert, a geologist with Shell Oil Company, announced the results of his research using mathematical modeling techniques applied to oil production in America. In a nut shell, his model said that American domestic oil production would peak in 1969, and from there-after would decline. And absolutely no one paid any attention to him! Then in 1970, all restrictions, quotas and limits for pumping oil in America were removed to never to be reinstated. Just as Hubbert predicted, oil production peaked, then America’s oil production continually declined as we became dependent on oil imports. Again, no one gave this a thought, let alone was alarmed.

Then in 1973, the Arabs restricted imports of oil in retaliation for our support of Israel in the 1972 war. Suddenly all America was aware of oil imports as shortages of oil manifested itself into gas lines and worries of getting heating oil for homes. Suddenly, everyone was very much aware of the importance of oil in a modern high technology economy, as shock waves spread through the economy. The slow decline in American manufacturing was suddenly accelerated into the ‘rust belt’ where a preponderance of older Americans were suddenly without a job after working at companies for twenty, thirty even forty years, with no prospects of ever finding

another good paying job. The government’s solution was to change from a wealth generating economy to our present day hyper-consumerism economy. But with the usual short sightedness and attention span of our society, this problem receded into oblivion as imports slowly resumed.

History repeated itself with the 1979 oil shortages with the same economic shocks. Again lots of flapping about and squawking by our government, but no real plans or actions on how to address the problem. And as before, as the flow of oil resumed, thoughts and concerns ebbed and faded away. Meanwhile, others continued using and refining Hubbert’s modeling techniques applying them to the world’s oil production. In the nineties, these new modelers started announcing that for world oil production, another Hubbert’s peak would occur sometime between 2000 and 2010, with the world reaching a point that it couldn’t pump enough oil out of the ground to meet the needs of everyone on earth. Again, no one paid any attention as time marched on, as if everyone was in some merry little parade having a good time.

The first signs that problems loomed ahead was oil prices started creeping up, then accelerated until the sharp upswing in 2007 as we reach the fabled Hubbert peak, then spiked to send the world’s economies into disarray and near collapses. Popular history records the near collapse of America’s economy, and the ensuing sever recession, as the result of the collapse and near collapse of several very large banks involved in various investment shenanigans. In actuality, it was the shock of that oil price spike, the Hubbert peak everyone had been warned about, that jarred America’s economic ‘houses of cards’ and precipitated the economic unraveling with very near disastrous results. Again, America had been caught with it’s pants down because nobody wanted to face the problem of oil!

But it’s not over yet . . . . .

Oil prices then dropped because of the devastated economies that resulted in a sharp drop in oil demand, but as those economies have slowly regained themselves, oil prices are creeping up again . . . just like before. All the while, world oil production is creeping down (about 3% to 5% per year) just as predicted by Hubbert’s modeling techniques. Those same modeling techniques tell us that very severe oil shortages will be occurring after about 2040 or so, with just one fifth of today’s oil available. And this is the real fly in the ointment! Oil isn’t about big gas guzzling luxury cars verses dinky little electric cars . . . it’s about EVERYTHING!! Take away oil and it’s back to that miserable little dirt farm with draft animals to work the earth. Now some of the foolish romantics might like that, but here are some oil facts to ponder your future with.

The nineteenth century farm produced, with a lot of hard manual labor, about 10 bushels of grain per acre. A modern petrol based industrial farm, by using machines and fuels, petrochemicals for herbicides, fungicides, pesticides and fertilizers produces about 300 bushels of grain. Thirty times more than those old fashion farms. The truth is, without cheap plentiful oil, we are going to have serious trouble feeding ourselves!

Everyday, each American uses three gallons of oil. One gallon for transportation- our cars! Another gallon to feed ourselves, and the third for everything else we buy and use everyday. All these romantic fools bouncing around squealing ‘electric cars’ to solve the oil problem, are

talking about just one third of the equation . . . at best!

The world we live in is made with oil. About 95% of everything you buy, use and consume in your daily lives uses or has oil in its manufacture. If it has paint, inks, dyes, glue, lubricants or plastics . . . especially plastics- then it has oil in it. Even the pharmaceuticals you take for your health often has oil in it.

Oil is much more than just ENERGY!

The reality of all this is that the future of America, especially for the Millennials and Z-Generation, is wrapped up very tightly with oil and its future availability. While many of the youth of America are slowly being pushed out by technology displacement, the looming shortages of oil is providing compelling reasons not to keep them in a modern high technology society. This makes a second very powerful force which is pushing a preponderance of young American’s out of the world they were born in!

And guess what? Absolutely none of those who govern us are

making any efforts towards addressing this problem!

So what is to become of this mass of people? Are they to add to the growing masses of homeless people we see on news stories about how California is now struggling to cope with the homeless? More importantly, with 20 to 25% of college graduates now unemployed or underemployed and therefore already effectively pushed out, will they be content to just passively fade out of sight? Alienated with no means to make substantive contributions to the economy and society, too poorly educated to avoid displacement by technology, and too costly in resources to keep in our modern society, what’s to happen? Because more and more, nobody wants them . . . nobody needs them . . . nobody cares about them!

If you want to understand what is happening today in our society,

just look back at what happened to Native Americans over a century ago.

It’s the same thing all over again!

1) “The End of Cheap Oil, Global production of conventional oil will begin to decline sooner than most people think, probably within 10 years” Colin J. Campbell, Jean H. Laherreŕe, Scientific American, Vol 278, Issue 3, March 1998, pp 78-83

2) “Crude, the Story of Oil”, Sonia Shah, Seven Stories Press, 140 Watts Street, New York, NY 10013, 2004.

3) “Hubbert’s Peak, The Impending World Oil Shortage”, Kenneth S. Deffeyes, Princeton University Press, 41 William Street, Princeton, New Jersey, 08540, 2001.

THE EFR PODCAST EP #16: HURRICANES & CLIMATE $$CHANGE$$

Economic & Finance Report

Host Bizman Bassey (Sammy BE) and co host James Lymon discuss hurricanes Irma, Harvey, and Maria, the aftermath and financial & economical implications hitting their respective cities, and regions.

Climate change real or simply a $$Money Grab$$ ??

Tune In to this dynamic episode #16…. (Link Below)

Remember To Stay Blessed & God Bless -SB

THE FALLACY OF GLOBAL WARMING ……………………

The Fallacy That All the Worlds Problems Are Political Problems, That All Our Problems Can Be Solved By Political Activism.

By: James Lyman BSAE, BSEE, MSSM

Economic & Finance Report

I’m not a proponent or opponent of global warming, but it serves as an excellent example of a major flaw which has developed in America’s political system. This is the perception that all world’s problems are political problems, that the world is just one giant political arena. That every problem in the world is a political problem that can be solved by political activism and action. This is very much a fallacy and global warming is an excellent example of this premise. A problem that has a physical bases cannot be resolved by any political solution, unless the legislative process has significant control over those forces operating on the physical bases of a problem.

First of all, the general consensus in the scientific publications (not political) is that we are experiencing global warming and human activity is most likely a major factor. After that, nothing can really be said what the consequences will be, after all, you’re trying to predict the weather and look how difficult that is for just five days out, let alone five or fifty years in the future. But that’s not the point of this essay, the point is how so many are attempting to address the perceived problem.

And that’s with political activism!

Proponents of global warming use the classical methods of political activism, acting as if there is some evil, heartless, cruel, savage person … or some small malevolent group conspiring to deliberately bring the evils of global warming upon the masses of humanity. Their emotional

attitude is to root out and bring to the public light of awareness, those evil person or persons so public political action can be brought to bear upon them and thereby stopping them. But just how valid is this subconscious assumption? Is there really some mean cruel savage person or group of people who continually work towards bringing global warming upon the rest of us? Well, the physics of changing the world’s massive atmospheric environment says this isn’t something done by just a few individuals no matter how much power they may have. No, there isn’t some small group to act against.

So just who is at fault? Who is to blame for the problems of our environment? What are the true forces at work causing changes … and changes to any component of the problem? What is the forcing functions of the problem? That’s always the first step in addressing a problem (defining the problem), for without knowing a problem, you cannot develop any viable solutions.

So what’s the real problem causing global warming?

Any time you have a massive over population of any species, you will have environmental damage. A bacteria, algae, insects, a clam from the oceans of Asia, rats and feral cats on tropical pacific islands or rabbits in Australia. When their population becomes massive, the damage they cause to the environment becomes extensive. And it’s no different for us humans! Right now, there is a world population of over seven billion humans and growing. There has never been such a large population of large mammals (over say 100 pounds) in the world. The American buffalo or bison had a peak population of between 30 and 50 million, when herds extended for as far as the eye could see. That’s the real cause of global warming, as well as many other of the environmental problems we are now are experiencing. Those global warming activist are very careful to avoid facing this fact, because unconsciously they know there isn’t any real solution to the problem. The only real solution to global warming is to drastically reduce the world’s population to a tolerable level.

Unable to work real world problems, the activist are left to 0pretend0 solving the problem, which leaves them feeling better about the situation, because they are doing something even if it is a waste of time. They go about rallying public awareness and support using the methods of public education, demonstrations, news stories and rallies to fight those invisible malevolent evil people who are conspiring to harm their world. Use political activism to bring about their downfall and cure the problem of global warming … and make for a beautiful and wonderful magical new world. But why can’t they find these sinister people? Because they don’t go and look in a mirror! Global warming is a result of way to many people in the world, and just like any other massive overpopulation of a species, our overpopulation is causing extensive damage to the environment.

They’re not working the problem … instead they are pretending to solve the problem.

The problems for millenniums are being addressed using this same pretending and as a result, nothing real is being done to help them. The problems that political activism can actually address are rather limited, because of the legislative process, so if the legislators doesn’t have significant control over the forces which are driving a problem, then it stands to reason that the legislative process of a government is unable to do anything in resolving that problem.

Consequently, the government and people are left doing little else than pretending the problem is being addressed by creating and maintaining images of such.

The fallacy of global warming is that all the worlds problems are political problems, that all our problems can be solved by political activism. No need to analyze or study a problem, no need to understand or model a problem, no need to rationally work a problem, just use the old political activism … or maybe go one step further and have medicine men, wizards, sorcerers or shamans use their magic charms, wands, powders and symbols to conjure up magical spells that solve the problems of the world.

And with this same fallacy being applied to the problems of young Americans, their future continues to diminish and fade away.

WORLD’S BIGGEST HEDGEFUND SAYS ECONOMY DOING GREAT FOR NOW; BUT BE MINDFUL FOR FUTURE……..

By: Economic & Finance Report

Ray Dalio founder and CEO of the world’s largest hedgefund, Bridgewater Associates, has told investors to be mindful in going in the global markets. He indicates the economy will probably do well for the next couple of years but a downturn is also approaching, over the horizons.  Bridgewater Associates LP manages a huge portfolio of over $150 billion in global investments and assets, around the world.

Dalio notes that the US economy under President Trump’s watch is doing well and corporate profits are doing better, but that rising debt has accumulated vastly and this needs to be monitored by companies and investors also.  The severity of corporate debt and lack of employee rising wages; will place a shock in the economy in the future, and Mr. Dalio is making it mindful that this needs to be noted and evaluated, along with current market trends. -SB

NIGERIAN PILOT BECOMES FIRST AFRICAN TO FLY AROUND THE GLOBE SOLO!!!!!!!!!!!!!!!!!!!!!!!!!!

By: Economic & Finance Report

Throughout history and throughout world expenditures, there are great events that take place globally that exhibit strong recognition; this happens to be one of them.

On March 29, 2017 a Nigerian pilot by the name of Ademilola “Lola” Odujinrin became the first African to fly around the world by himself.  37 year old Lola Odujinrin, is a pilot for Air Djibouti, and he began this exciting journey around the world; beginning in September 2016, and he completed his journey Wednesday, March 29, 2017 at Dulles International Airport in Washington DC.

Odujinrin stopped in more then 15 countries and and 5 continents throughout his trip. His name will now be recorded in the history books, along with other great pilots. Congrats to Mr. Ademilola “Lola” Odujinrin, for this tremendous feat. -SB

EFR.TV |EPISODE 7| MILLENNIAL ECONOMIC OUTLOOK 2017

By: Economic & Finance Report

EFR.TV is back in full effect, closing out 2016 and soon to ring in the new year for 2017……

Lookout for a break out year for EFR.TV (Economic & Finance Report Television) as we gear to give you more productive content on the economy and financial management….

SEEK & YOU SHALL FIND… Check out the latest episode below with host and creator Sammy BE aka Bizman Bassey…. U Remember ME!!!!!! -SB

GOOGLE ANDROID IS BEATING APPLE IPHONE IN 3RD QTR REPORTS………

android-vs-iphone

By: Economic & Finance Report

Google seems to beating Apple, as far as market share is concerned in the cellular mobile phone industry. Google Android in the 3rd quarter; controlled over 85% of the mobile phone market share world wide. Apple’s position decline significantly according to Strategy Analytics.

The 3rd quarter showed Apple Iphone faltering compared to the record reached by the Google Android. Google’s Android reached newer heights in the 3rd quarter; beating past quarters with capturing the market share of new Android buyers. -SB

ECONOMICS and POLITICS are like TWO SIDES of a COIN- INSeparABLE

poltecofig


 By:James Lyman BSAE, BSEE, MSSM
In our present political or economic discourse, we tend to embrace one while rejecting the other, depending on which we have interest in. If our interest is politics, then our attention is absorbed with matters and news about politics, while if economics, our attention goes to matters dealing with economics with exclusion of political matters. Nothing could be more short sighted! Economics and politics are so intertwined that you CANNOT consider one without equal consideration of the other. They are different sides of the same coin, always inseparable if you are to have a coin of any value. As much as you might like to neglige politics and talk economics, it's just not viable, and the opposite is just as true. 

This understanding is very important because today, the economic future of the millenniums is being determined by the present electoral process. The only problem is most of those millenniums aren't paying any attention to what is happening. Worst still, those in elected offices long with those who elect them by their votes are showing little or no concern for the future of millenniums only their immediate selves. This intertwining of politics and economics was part of our Nation's creation, with the popular public perception of America revolting against England because of taxation without representation, but in actuality the trouble went back much further than that, and it was economially based.

 As settlers started to migrate west, King George proclaimed those virgin lands in the west to belong to the Crown, and therefore couldn't be homesteaded by the colonist. Since Europeans were immigrating to America to get all this free unused land, this attempt to deprive them of economic opportunity went over like the proverbial lead balloon! Another thorn was when the Crown decided to cull through all of American's timber, and select the choice timber for England to use in shipbuilding, thereby leaving the residue for the colonist. Another example was Englishmen skilled in manufacturing and machinery were forbidden to travel to America, because the English didn't want America to develop our own manufacturing ability, instead to be a source of raw materials for England to exploit while selling us manufactured goods in return. 

This has always been the problem with the colonial system. The whole purpose and reason for a colony is economic exploitation . . . and no one . . . but no one likes to be exploited! Therefore, across the history of colonies, there has been friction between the colony and the mother country, very often resulting in armed conflict of insurrections. This economic-political duality was the whole bases for Japan and World War II. Coming late to the game at the start of the Twentieth Century, Japan embarked on obtaining a system of colonies to bolster her fragile emerging economy, just as so many advanced nations did in the seventeenth and eighteenth centuries, not appreciating that the age of colonies had already passed.

 Japan called this the Greater East Asia Co-Prosperity Sphere, and she intended to push the white colonial powers out of their Far East colonies and take over, as if being economically exploited by a fellow Asian would make all the difference in the world. Prior to WWII, politics in Germany was in part driven by fears of economic domination by the other European countries, in particular France. These fears became very acute with the collapse of Germany's economy in the late twenties and thirties from the crushing burden of war reparations, much of it owed to France. 

The political process within Germany sought ways to address these economic fears, which resulted in the emergence of the National Socialist Party, more commonly know as the Nazis, and their solution was to militarize and use the political method of conquest to achieve their political-economic aims . . . in other words, World War II. In the political process of America today, every political poll shows the economy as the principle concern for Americans, driven by the uncertainty of the people's future. While contestants in the two thousand sixteen election flay away at each other with silly word games and various political machinations and marketing ploys, the real concern for most American's is- Will I have a job next week, next year or the next decade? Will the hard work I put in each day ever result in an increase in my pay? Will I ever be able to make any real economic progress? Pure economics and politics one hundred percent! 

The young people of America, the Millenniums and the Z Generation seem strangely remote from the political discord of our sixteen election, seemingly unconcerned that their future is being determined today . . . now . . . by those who are running for office in both the presidency and the congress. So far, no candidate has shown any particular interest, let alone any strategics or methods, for alleviating the problems facing the youth of America . . . 

The growing displacement by technologies, the threat of obsolescence pressing them out of the social economic system. So while they are busy amusing themselves with their little smart phones with texting, Facebook, Twitter, and other social media activities, the political system ignores their situation as the economy continues to leave them further and further behind. In short, you can't divorce economics and politics from each other.

Siren Song of “Mommy will take care of you.” : Another Resurrection of Socialism to Answer the Impact of Technology Displacement on Today’s Economy and the Millenniums

socialism-bernie-sanders-castro

By: James Lyman, BSAE, BSEE, MSSM

Economic & Finance Report

One surprise of the sixteen election has been the way the youth of America, the millenniums, are suddenly responding to Bernie Sanders advocating socialism, simply because the Occupy Wall Streeters of September 2011 didn’t. As the Occupy movement gained momentum and supporters, advocates of socialism stepped forward to promote the same tired worn out philosophy that in the western world has become a synonym for failure and non-performance. But there was little support among the students for socialism, and much to the surprise of those advocates, they quickly found themselves talking to just themselves. And then Bernie Sanders comes along, a

lifelong and dedicated socialist, who magically starts drawing student supporters to the cause like a Pied Piper, and so suddenly socialism is again considered a viable political philosophy in America.

This is despite the long and sordid history of socialism’s failures, as well as communism, in delivering on their promises. Granted, this is largely due to youth’s lack of historical perspective, of not yet having the experience of life that tells them this is a bogus philosophy. They are not aware of British socialism in the sixties and seventies, with Britain’s Great Brain Drain problem when her intellectual assets (scientists, engineers, musicians, economist, … etc. ) fled the country to avoid the high taxes and floundering British economy brought on by the political philosophy of socialism. Just one prominent failure among many failures including the Communist Soviet Union and China (Communism is just socialism under a hard repressive totalitarian power which forbids any objections or actions to undo socialism). Nevertheless, today there is the socialist Venezuela mess, which right now is imploding before the eyes of the world on TV news, not to mention the economic troubles of Greece, Italy and Spain all from their socialist programs.

It’s easy to see why millenniums are drawn to the promises of Bernie Sanders as they face more and more under and unemployment (20 to 25% for recent college graduates), as they face the

overwhelming problems of obsolescence and the coming realization that there’s no future for them in the twenty-first century. For when people are hard pressed by the realities of their environment, especially when individuals have little to no control over their lives, it’s hard not to succumb to the siren song of “Mommy will take care of you.” For that’s the foundation of socialism– that Mommy will take care of you, if you will just quietly sit down and let the government take control of your lives … that is, don’t complain or resist.

Today, a technologically advance people are displacing a lesser one, and those lesser ones are coming from the folds of the millenniums. The youth of today are being played for chumps! It’s the politicians playing on the natural desire of people to ‘vote’ themselves success and prosperity. It’s much easier and a lot more fun to march in demonstrations and do political activism than struggle through a calculus or physics course to prepare yourself to be an asset for a technologically advance society. The political debate of the sixteen election is: Businesses is doing fine, but not so for many people, things are getting better for some, while worst for many others. For people, especially the young, when they are faced with difficult problems, it’s a comforting thought that a “mommy like” figure will step in and take care of you, just as your real mommy did with all those little hurts encountered in childhood. But it’s a siren song heard many times before which has yet to pan out. Their proposed programs really just constitutes a reservation- an artificial environment for warehousing unwanted and unneeded people, in this case the millenniums who have failed to advance sufficiently to make substantive contributions to the world’s most technologically advance society. Just like the Native Americans of the nineteenth century, the government ponders just what to do with these kids, but doesn’t have any real viable ideas about what to do with them.

The only real political debate for today should be the problem of obsolete people and what to do with them, as public schools, colleges and universities continue to pump out a flood of obsolete people. Millenniums will continue to be an increasing burden for society, dragging America’s economy down, instead of being a beneficial asset to America’s economy. Until this problem is successfully addressed, all other debates are meaningless nonsense. So in our time, which history will most likely come to call the “Age of the great pretenders”, where none of those who govern us seems to have a clue what needs to be done … how will America cope with this growing mass of obsolete people?

In other words– just how do we fix this problem?

Well first and foremost, we must get a functioning government. Until you have a functioning government, you can’t do or accomplish anything! And that means getting capable people, who are less backwards and behind than those who are now charged with leading us into the twenty-first century, to be elected to government service. Only then will it be possible to reverse the economic chasm so many of the millenniums are sliding into.

And will the time ever come when the political philosophy of socialism is finally laid to rest to remain buried and forgotten so as not to give false hopes to those of desperate economic stations in life.