16 July 2019

1) Chinese economic growth has slowed to its lowest level in twenty-seven years, a result of the prolong trade war. Additionally, global growth has slowed, coupled with external uncertainties increasing. China is reporting a fall in both exports and imports for the first six months of this year. The Chinese are working on more stimulus measures to stabilize growth such as boosting infrastructure spending and interest rates cut, while also seeking loans from abroad.

2) Just like all youth, the millennials and generation-Z, have aspirations for their lives and the direction they want to go. Presently, these two groups comprise 40% of the American population, but like previous generations they disdain much about the older generation’s lives such as cars, big houses and material wealth. They want careers that make a difference even if not paying much, where they can provide some greater good to society. The fly in the ointment is their exploding student loan debt coupled with the growing obsolescence of American workers, in particular the younger ones.

3) Huawei, the Chinese telecommunications giant recently in the news so much, plans hundreds of layoffs in the near future. These layoffs are expected to be in Huawei’s U.S. development subsidiary Futurewei, a technology development center, which employs 850 people across several states. Blacklisted by the American government because of security risk issues, the company expects to lose $30 billion dollars in sales over the next two years.

4) Stock market closings for – 15 JUL 19: All three markets set new record highs.

Dow              27,359.16    up   27.13
Nasdaq           8,258.18    up   14.04
S&P 500          3,014.30   up      0.53

10 Year Yield:    down   at    2.09%

Oil:    down   at    $59.30

THE EFR PODCAST EP. #31: #NIGERIADECIDES2019 PRESIDENTIAL & NATIONAL ASSEMBLY ELECTIONS

We’re back for another episode. Sammy BE @EcoFireTV, James, Lyman & Jon Don Sterling “On The Boards” @TheDramaBlock.

The trio had the pleasure to interview Nigeria’s media platform ObjecTvMedia’s Shomade Olwaaegun @Objectvmedia. He was able to describe what was going on the ground, in the recent Presidential/National Assembly elections in Nigeria.

Shomade was able to give a detailed account and opinion on the respective candidates for the Nigerian presidency and what the two major parties APC & PDP were doing to court youth voters, and what INEC was doing to make sure that elections throughout the country was free, fair and credible.

This is a must listen to episode, in its truest form.

As always #BEBless #StayBless #GODBLESS #RealRecognizeDeal

Check Out Our Online Platforms:

1) www.instagram.com/EcoFireTV (Sammy BE)
www.twitter.com/EcoFireTV

3) www.EconomicandFinanceReport.com (Economic & Finance Blog)

4) www.soundcloud.com/Economic-FinanceReport (Podcast/Online Show)

5)www.youtube.com/channel/UCWZo5bug…Nlb2VRfDCQ/videos

(EFR.Tv Youtube)

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

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

THE CAST PODCAST EPISODE #4: MONEY, MEDIA & MANAGEMENT Feat. MELINDA SANTIAGO (SANTIAGO FIRM)

THE CAST PODCAST… Back at it again, with another banging episode for your ears. Sammy BE @EcoFireTV & Luisa L. @LuisaModels, along with Jon Don Sterling “On The Boards” @TheDramaBlock.

On this podcast episode, we had a special guest interviewee. Our guest happens to be a super manager in the music and entertainment game, her clientele ranges from Bobby V. (Bobby Valentino), Houston, Texas rap legend Scarface (Gheto Boys), R&B duo group Ruff Endz, as well as her other major accolades; we were able to interview Ms. Melinda Santiago from (The Santiago Firm).

Melinda was able to give THE CAST PODCAST, insight into the music biz and particularly on how she runs her business. She provided context of what young artists (Millennials, Gen Z) need to do to be heard and gain exposure to a global audience.

She also provided the ups and downs of the entertainment business, and the struggles women have in the music business; but also the strong backbone she has, to be able to survive and progress in this male dominated business and industry.

This is an episode you surely do not want to miss.

As always #BEBless #StayBless #GODBLESS #RealRecognizeDeal

Online Platforms To Check Out:

1) www.instagram.com/EcoFireTV (Sammy BE)
www.twitter.com/EcoFireTV

2) www.instagram.com/LuisaModels (Luisa L.)
www.twitter.com/LuisaModels

3) www.EconomicandFinanceReport.com (Economic & Finance Blog)

4) www.soundcloud.com/Economic-FinanceReport (Podcast/Online Show)

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

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

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

The Problems Millennials are Facing

A list of the problems the Millennials and Z-Generation are now facing in their future.

James Lyman BSAE, BSEE, MSSM

The youth of America, the millennials and Z-Generation, are now facing a number of serious problems that are shaping their lives and future, both near and far term.  Here is a short list of the most profound and critical problems they are facing:

1) Obsolescence Technology is growing exponentially, doubling every fifteen years.  Most Americans are failing to advance, that is, most have gone no further than the nineteenth century.  Therefore, more and more Americans are unable to make substantive contributions to society.

2) Technology Displacement Going hand in hand with Obsolescence is displacement by technology.  The replacement of humans by machines and technology, leaving people with minimal to no jobs.  Each passing day, more of America’s youth are not needed, not wanted, not having any real value to society.

3) Diminishing Resources The availability of resources such as natural minerals and resources, water, energy, oil . . . in particular the oil, and negative resources of pollution and trash is a continual source of problems for young Americans, both for shortages in domestic America and world competition to obtain and hold those resources.

4) Increasingly Threatening World With the end of the cold war, many felt that world peace was finally at hand, but increasingly there are threats of war across the world.  The Middle East, China and the Pacific Rim, Russia and the adjacent Eastern European countries, all are tender boxes where armed conflict can erupt. In these modern times, wars are no longer isolated affairs, instead ripples reach out across the world to affect other nations at least economically.

5) Fragile World Economies Much to the consternation of many Americans, young and old, America’s economy is tightly coupled with other country’s economies across the world, friend and foe. And it’s been this way since the start of the twentieth century, having become increasingly more interdependent.  The economies of countries such as Italy, Spain, Greece, Portugal and China are prime examples of countries with fragile economies, where sever economic problems or collapse will have profound impact on many other countries including the United States.

6) Climate Change There is a lot of daily debate about global warming and climate change, much of it revolving around people’s aversions to the high technology world they are trying to live in.  What the scientist are saying in Scientific American and Science News is that yes, there probably is climate change, the extent and effects unknown, and yes human activity may be a factor, but how much is unknown.  As with so many problems, there is a false perception of climate change being a political problem.  It’s a political problem if and only if, the legislative process has significant control over the forces driving the problem.  Climate change is a result of massive over population of a species- and that’s US . . . the 7.5 billion humans now living. The political systems does not have any real control over the most important forcing function of this problem.

7) Government Nonperformance As with any other organization, the larger the organization becomes, the more sluggish and non-responsive it becomes. This very much holds true for governments . . . Federal, state and local. Nonperformance translates into not addressing problems faced by the people. You seldom hear any government people talking about things like technology displacement and obsolescence of people, indeed they are usually very careful to avoid the topics. Yet, these and other subjects are having a very profound effect on the future of most Americans, and the younger they are, the more likely a detrimental impact to their lives.

8) Stability of American Economy Probably the most important and critical factor for the young people of America is how stable the economy remains.  The near collapse of the world’s economies in 2008 shows how susceptible people of all economic strata, are to the stability of economies.  Anytime there are upheavals in the business world, then fissures and holes open up which allows technology to flow into the economy creating obsolete people and their displacement by technology.

There are other lesser problems on this list, but those listed above are most profoundly effecting the greatest number of people, and will most likely aversely impact the future of the millennials and Z-Generation.  While Obsolescence and Technology Displacement are at the top of the list, which they rightly should be, both are interleaved with all the other problems to some extent.  One factor that is greatly hindering any real progress in addressing these problems, is the assumption that all problems are a political problem which can be addressed with the techniques of political activism.  You see that with the global warming problem, where advocates are using the techniques of political activism, such as public education, spots on news stories to cultivate public opinion, countering any challenges in public debate, campaigning for political support and meeting with political leaders to garner their support. All fine and well, but as pointed out in item 6, Climate Change, the principle driving force of the problem is massive over population, and the political process has no real effective control over that.

And this highlights the real problem for millennials and the Z-generation, and that’s the poor education and problem solving skills of so may who are involved with the above list.  Failing to first identify the forces acting on a system shows a near complete lack of real problem solving skills, thus ensuring failure of any attempts to address problems.  And that’s really where the young of America stand today . . . a number of very serious problems which is detrimental to their generation . . . and no one able to really address any of those problems.

Recession Worries?

Some analyst are claiming the good economic indicators we are seeing today are really portents of a recession.

James Lyman BSAE, BSEE, MSSM

Fears of another recession are particularly acute for the millennials and Z-generation, because in general, they are the first to suffer the most from an economic downturn.  This was seen in the 2008 downturn and is a consequence of our service economy, where for so many Americans, their economic value is as consumers, rather than substantive contributors to society.  As consumers, they are particularly vulnerable to any economic downturn . . . to a recession.  So what is causing some economic experts to think we may soon have a recession?

Some point to the fact that for the last 10 recessions in America, a recession quickly followed when the economy hits full employment. In other words, when the unemployment rate reaches a minimum cusp . . . in as little as a few months the economy starts a down slide.  The average time between when the cusp occurs and when the recessions starts is just 3.8 months, and for 3 downturns it was just 1 month after, with the longest being 10 months.  This trend started in 1950, a time when automation was starting to make inroads in American society, and a decade or so before the decline of manufacturing in America started. Therefore, we must view this hypophysis with the realization that the environment was changing, and that this may have had a profound effect.

But the problem with using this correlation as a predictor is it’s all hindsight.  To know if a recession is nearing, you must know when you’ve actually reached the cusp.  This April, the unemployment was down to 3.9 percent, a 17-year low, but since then it’s dropped to 3.7% and may well continue down.  There’s no way of knowing when the cusp has been reached until the unemployment rate starts back up.  But with the rate already one of the lowest, there’s less and less chance it will go much lower.

A low employment rate indicates that the labor force is fully utilized, but why would that indicate the onset of a recession?  What’s the forcing function? What’s the relationship?  Without knowing that, using this empirical relationship could be erroneous.  For one thing, the hypotheses assumes a constant environment, specifically when it doesn’t consider the growing obsolescence of people, and their displacement by technology.  This is an important consideration for our hyper-consumerism economy, because displacement of workers means fewer consumers and therefore a shrinking economy.  A shrinking economy, for whatever reason, is the basic ingredient for a recession.  So it’s safe to say, that the good economic indicators we are presently seeing, will most likely not continue for long, regardless of which political entity is in power.

Even though the past performance of a system is no guarantee of how that system will react in the future, you can’t just ‘out-of-hand’ dismiss the correlation of low unemployment cusp and the onset of a recession.  This next unemployment low may not foretell the onset of a recession, but then again, it may just as well happen as seen with the last ten recessions.  We can’t know with any certainty until after the fact.  While President Trump has created a stimulating environment for American business and the economy, there are a number of factors in which neither he, or anyone else has control over, that can bring an end to that stimulation.  The instability of world economies in Europe and Asia to start with. China’s blend of communism and capitalistic economics is showing to be more and more unstable.  If China’s down slide continues, what effects will that have on our economy?  Again, there’s no way of knowing until after the fact.

The millennials and Z-generation are the first to feel and suffer in a recession, mainly because so many of them now have ‘shallow’ jobs requiring little to no skills.  People who’s work hours can easily be reduced when business slows, or simply laid off.  In turn, with reduced income their effect as consumers is reduced, and that in turn further exacerbates an economic downturn.

Possibly the cusp in unemployment isn’t a forcing function, rather it is an artifact of other forces causing a downturn, that in turn results in unemployment starting to rise again to form that cusp.  This would make the validity of the hypophysis more palatable and hence acceptable.  There are other indicators that economic problems may be just over the horizon, such as the contraction of the big box stores, the foundation of hyper-consumerism.  Also there are problems with house sales declining, rising mortgage rates and a decline in house prices.  The rising US debt is adding further pressure on the economy to support what many consider unsustainable.  And finally, the frailty of so many world economies presents a major threat to the US economic viability.  A sever downturn of the fragile economies such as Greece, Spain or Italy could start a chain reaction that also pulls America’s economy down.

But even if the millennials and Z-generation know of a coming recession, what can they do to protect themselves?  Well, first of all, minimize personal debt as much as possible, and that starts right now. Just because things are booming now, that doesn’t mean you have to go out and buy things on credit.  Shop the same as when times aren’t so rosy.  If at all possible, save up and pay cash. The personal debt factor, more than anything else, is what causes people their biggest problems in a recession, especially if looking for new work.

Be more flexible by increasing skills and education now, particularly technical skills such as mathematics and science.  This is the twenty-first century, not the eighteenth or nineteenth century, and eighteenth century people have far fewer opportunities in this century.  Try and avoid careers directly involved in hyper consumerism, since consumerism is usually the first to feel the effects of a recession.  In other words, try and stay off the thin ice.

More than anything else, thinking ahead can do more
than anything else, in weathering a recession.

The Jobs for the Young – Going, Going – Gone!

The obsolete people problem and good jobs vanishing in America is coming to a head … and will hit millennials squarely in the face!

James Lyman BSAE, BSEE, MSSM

I just came across a very interesting article on the internet, that says all that I’ve been trying to tell people, that soon times for the millennials and Z-Generation are going to be turning very hard, that will make our present job market look like a girl scout camp out.  Titled, “MOVE OVER, HUMANS . . . Silicon Valley is right—our jobs are already disappearing”, by Andrew Yang, Founder and CEO, Venture for America, spells out the hard, cold, cruel facts of life about technology displacement and jobs for younger Americans.  And it isn’t at all pretty! Technology displacement is far from new, indeed for my first job (1977) I witnessed the introduction of three major technologies that would ultimately cut great swaths through the American work force.  As the years have progressed, I’ve only seen more job fields disappear at an ever faster rate, which isn’t surprisingly since technology doubles ever fifteen years.  So it stands to reason that if technology is growing exponentially, then automation and job displacement should also increase exponentially . . . which it is!

Automation certainly isn’t something new. In the late nineteenth century, as America was industrializing, she faced sever labor shortages for all those bustling new factories producing the modern world.  This problem was addressed via two different means.  The first and foremost known to all, was to throw open our doors to emigration, encouraging millions to leave their homeland and move to America, the land of opportunity because there was all those jobs needing to be filled.  And they did!  The other much lesser known, but still very effective method, was developing control systems so those factories could operate machines without human workers.   And America excelled at automatic control systems, becoming premier at the new technology, while displacing countless jobs, but with so many jobs to be filled, no one notice this revolution growing and encroaching into our world.  Nevertheless, machines were needing fewer and fewer of those expensive and troublesome humans.  But it didn’t stop when manufacturing started its decline in the 1960’s, indeed it bolted ahead at lighting speed with the advent of plentiful cheap computers.

The technology of automatic feedback control systems has reach a point of fully automated robots able to see for themselves, to make their own decisions, to do a job without the troublesome human.  We’ve reached the point where there are now robots driving cars amongst us on public highways, news stories portraying driver-less cars whizzing down the freeway, the ‘drivers’ busy with anything but driving as they gleefully and carefree go to their destinations.  But with these systems costing several times more than the car, the target market is obviously elsewhere— the people who get paid to drive, who make their living driving such as truck drivers, cabbies, mailman, bus drivers and delivery people. Estimates are that two to three million driver based jobs will disappear.  And this self driving technology has rocketed forward far faster than anyone, including this technologist, ever thought possible.

There is a report, you can down load from the internet a pdf copy, of a research project recently conducted to determine how many jobs will be loss to automation, principally from computers. (Google: ‘Osborne, report, pdf ‘)  The Osborne report took over 700 career/job fields and made estimates for each of how much impact computer technology will likely have in the next twenty years. Their conclusion is that as much as 47% of the western jobs will disappear in the next twenty years. When political activist started advocating $15 per hour wages for fast food restaurants, they unknowingly set in motion a rush to find new technologies to replace those potentially more expensive humans.  You’ve seen one example with the ‘make and pay’ for you order via smart phones.  But behind the counter there are other technology attempts to automate, such as kiosks to automatically make pizzas, hamburgers and tacos.  The net result is fewer people will see that $15 per hour because they won’t have a job to see it with.

And it’s not just the lowly hourly paying jobs disappearing.  If you will recall, after the 2008 financial/economic crash, there were numerous news stories of six figure middle level corporate executives who were laid off, and where they could once find a new job in days or weeks, they had gone months, then years without anything.  Why?  Because those corporations were able to reorganize themselves around computer and telecommunications systems to reduce their management staff. School teachers are another career field about to be wiped out.  The technologies for doing ATS (Automated Teaching Systems) is already here.  When the marketing model of cable and satellite TV systems is applied to ATS, the new technology will sweep the teachers away before our very eyes.  When a sales representative can go to the school board and tell them “Clear all your classrooms out of everything, and we will install our integrated work stations each with a computer, wire the computers into a local network with local servers that connect to the internet”, the teachers will quickly start disappearing.  They’ll tell them, “So where you are now paying $750 per student, per course, per semester, we will charge you $350, and you won’t have to pay one red cent for installation”, and the rush will be on.  With so many cash strapped school systems desperate to save money, ATS will grow like wildfire.

I just heard an interesting statistic on the news, that the number of young people still living with their parents is now 32%, up from 26%. This is because so many young Americans are unable to find jobs where they can support themselves in the 21st century.  Worst, there’s every indication that this will only get worst . . . possibly much worst.  So the questions is, what’s to become of this surplus of obsolete people?

Unfortunately, there is already a well established answer.

The historic solution for people too backwards, primitive and underdeveloped to be of any value in a high technology society is reservations . . . and genocide. What happened to the Indians, the Native Americans, wasn’t the racial atrocity portrayed in popular history, rather it’s what’s happened before them and then after, and continues to this day with the Palestine problem.  Indeed, with our social safety net, we may have already created that reservation. Trouble is, it’s not energy – resource efficient.

So for many of the millennials and Z-generation, jobs for them are Going, Going – Gone!

The EFR Podcast Ep #27: Flip Africana Millennials Feat. FlipTV’s Biodun Kupoluyi

On this episode of the EFR Podcast Sammy BE, along with James Lymon & Jon Don “On The Boards” Sterling; had the pleasure of interviewing the publisher of Nigeria’s very own online/youtube channel platform, FlipTV’s Biodun Kupoluyi.

Biodun discussed media, online and internet platforms being utilized by the youths in Nigeria and in Africa alike. He discussed how online media is changing the game, as far as different ways that people get their information and news in a faster and quicker timeframe.

Biodun also spoke on how Africa as a continent is engaging with the dynamics of online resources and how these resources will assist in the rapid development of the continent.

This is one episode that you don’t wanna miss….. And as always
#BEBless #StayBless #GODBLESS #RealRecognizeDeal$$$

Website Platforms To Check Out:

1) www.instagram.com/EcoFireTV

2) www.twitter.com/EcoFireTV

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

4) www.soundcloud.com/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)

THE EFR PODCAST EPISODE #25 FEAT. LAWRENCE FRANKLIN (KANYE WEST COUSIN): ECONOMIC LAW

By: Economic & Finance Report

This week’s podcast episode Bizman Bassey (Sammy BE), James Lymon, and Jon “Magic Don” Sterling on the boards; had the great pleasure of interviewing Lawrence Franklin (1st cousin to musical extroidainaire Kanye West).

Law came on the show to discuss millennials taking hold of real estate and real estate investing. How important it is to invest in real estate and have ownership in real estate properties, especially for millennials in this day and age.

He spoke on financial gains in investing and we also threw some Kanye West questions in there; in which he gave us some great answers to.

This is an episode you don’t want to miss & as always Stay Bless & God Bless…. #RealRecognizeDeal$$$$$ #EcoFireTV#SammyBE

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) www.soundcloud.com/Economic-FinanceReport (Podcast/Online Show)

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

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 Changing World For Millennials: The New Axiom Of Modern America

NTEs (Non Thinking Entities) lead to UDSs (Useless Dumb S_ _ts).

By: James Lyman BSAE, BSEE, MSSM

Economic & Finance Report

Today, half the science major graduates and half the engineering graduates never work in the field of their studies. It’s not that they can’t find jobs, for they certainly do . . . and they are much sought after by American business. This is because studies of the sciences and engineering give people more than just technical knowledge- it gives them the intellectual skills of analysis, organization and problem solving that companies realize they must have if they are to survive and prosper in the twenty-first century. Consequently, more and more there is the ‘invisible’ sign to the right, hung out by companies looking for new people to build their business on. Unknowingly, unwittingly companies are seeking out people with the intellectual skills that come from university studies in the sciences and engineering. By the same token, they are avoiding those from the traditional liberal arts curriculums.

When I was first starting out, getting a college degree, any college degree was your ticket to the good life. You could expect to get a good well paying job. That changed rather quickly, actually in something like just a decade. As manufacturing in America declined, as computers became more prevalent in the economy, jobs for college graduates began to shrink. Companies started becoming more selective, and those with the least rigorous degrees began finding jobs difficult to find, and paying little more than minimum. This is a result from the decline in the creation of new jobs as the turn of the century approached, until by the start of the twentieth-first century, creation of new jobs reached zero where it remains to this day. Before the 2008 economy crash, the unemployment-underemployment for new college graduates was about 9%.

Since then, it jumped to and remains at about 20 to 25%. New college graduates now hold low paying jobs once held by highschool dropouts, while at the same time are also struggling to pay off student loans.

For the last several centuries, technology has doubled every fifteen years (computers, medical and genetics as little as three to five years), consequently technology has grown immensely and continues at an unbelievable rate. Lets consider the rate of growth for technology in 1855 when many of the technologies that make up our modern world were coming into being. If technology had grown at that 1855 rate, a constant even rate year after year (linear growth), then it be almost the year 30,000 AD to reach the level of technology we have today. Looking the other way, it’s about 6,000 years back to the stone age. That’s how huge the technology gap is for most Americans. Today, so many American’s are closer to the stone age than to today’s technology and the world they are living in. That’s how far so many Americans are behind. With the liberal arts degrees little different from a century ago, it’s easy to see why companies feel they need the engineering and science graduates if they are to survive in the twenty-first century. They know they must have people trained for this century, not the century when the Declaration of Independence was signed.

This is why, unknowingly, not really realizing it, so many American companies have hung that invisible sign of ‘NTE’s need not apply’ on their front door. While BA college graduates still can go in, still fill out job applications, still leave off resumes, and still strive to gain a decent job to make a living at, they have already been rejected the same as if that NTE sign was very large and acutely visible for all the world to see.

And there is absolutely no indication that it will ever improve!

One of the great tragedies I see being acted out today, is so many of today’s young people are preparing themselves for the world of their parents . . . a world that has already faded away and died. A world that no longer exists, leaving them with little to nothing.

Consequently, the ideal career path for a millennial or Z-generation person is to take as stiff a degree program in science or engineering that they can possible choke down, then get an MBA (Masters of Business Administration) from as good a school as they can get in. That’s the ticket to success in American business, the ticket that the youth of America needs to build a good solid, well paying career that can end in a retirement. This is what more and more young people are doing, thereby leaving less opportunity for those who don’t.

Getting a job that can end in the pot of gold at the end of the rainbow!