Tag: #economicmeltdown

NOVEMBER AND DECEMBER: TWO MONTHS OF ECONOMICS

Numbers on Monitor

“Where is the market going?”

econ 101

For the next two months you are going to see me writing about the economics of the country. We are coming up on the busiest shopping time of the year. And this is where America makes so much of its money. But we are also looking over the entire year to see how the country has done thus far. It gives us time to reflect and also forecast for the upcoming year of 2020. So hopefully we are able to come to an understanding of the year to come after these next two months. So sit back and enjoy. Read, like, follow, and share with the world.

Personal Website: http://www.faheemjackson.squarespace.com
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OPEN THE COAL MINES: WHY AREN’T OUR POLITICIANS HONEST ABOUT OUR FUTURES

brown coal, brown coal mining, bucket wheel excavators

“Leave the past behind, yes or no?”

the past to present

In the past, Americans were the pentacle of the world as it pertains to industry. We were king in the industrial revolution, but now the tables have turned. The new game in town is technological innovation and information; two areas where America has slacked. So what must be done to insure that the nation stays in its position on top? Because China surpassed America recently in GDP, but America regained footing on top. Now, America has regulatory laws in place that are different from China, but nonetheless they are right there with us.

industry decline

Americans make what? I’m waiting, what do we really make anymore? Our greatest creation and has been for a while is people. With regards to actual Panoramic Shot of Skygoods and services, we are slowly losing our position. A great deal of our livestock, fruits, and vegetables come from outside America; not to mention about 80% of our seafood. We have become major importers, instead of major exporters as well. We are not making anything that world needs, that the world can get from us less than anywhere else. So what are we to do?

land usage

America has a lot of land, yet we only utilize a small portion of the land for farming. You would think is a fully-functional country, yet so much of our land is preserved for wildlife conservation. But we can’t just start growing crops. Bird's Eye View Of FarmlandFarming doesn’t work that way, it’s a lot that has to go into making sure the land is able to sustain whatever you’re growing. It takes more than just throwing some seeds into the ground and growing crop.

bad ideas

I know this for certain, opening the steel mills, coal mines, and paper mills is not smart. Because anyone who understands even anything basic about business at that level is that when someone creates something better, bye bye. Meaning, we reopen factories, and someone comes along with a better more effective idea, it renders the factory obsolete. I always use the mule puller example. Families used harnesses for themselves attached to mules for farming, until the combine came along. When was the last time you saw a mule puller? Like I said, evolution is a continuous progression from what is basic to what is complex. Factories are basic today; at one point in time, they were complex. But in today’s society an evolution is taking hold, so we must move on.

My Personal Website: www.faheemjackson.squarespace.com

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DIMINISHING REGIONS: WHAT HAPPENS AS THESE REGIONS FALL APART

Tree in Front of Establishment

“Small town, small growth.”

our town

Coming from a small town, I know first hand the impacts of a slow growing or even a failing economy. Especially considering the town where I am from Related imageis an industrialized city. A city that once depended on the car companies to sustain the environment. But now what; the automobile industry has been moved overseas and the cities have failed as the companies exited. So what are they (cities) to do? What is the next step for these slow growing or non growth cities?

too small to grow

When you come from a small city of 250,000 then there is room for growth in this environment. But when you come from a town of 10,000 people, what can be built in this city. Every time there is a presidential election we see the candidates visit these small paces. But what can you build in such a small location. And the answer is nothing. Because if you wanted to build in these cities and towns you would have to have a major infrastructural idea that could potentially take decades.

regional collapse

Now, prior, I was talking about towns and small cities. But what about the regional collapse. Because coming from the Midwest, you have an entire region dedicated to manufacturing. Now you have this region falling apart Image result for midwestbecause that entire mass production method has shifted. So what do you do now that manufacturing is a dying means of work. Or at least manufacturing in the sense of manpower.

what to do what to do

As far as the ways to fix the situation, either the regional areas can conform to the new ways in which life is headed or die out. There is no other way. Life is continuously evolving, and if you cannot evolve with it you get left behind. And what’s even more sinister, sometimes, the evolution that must happen is for an entire nation. And don’t for one moment think America can’t fold, it has happened in history to much greater powers.

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A MELTDOWN TO REMEMBER: WHAT I LEARNED FROM THE GREAT RECESSION

Image result for RECESSION“We crashed and some still have not recovered.”

2007

I was in my second year at the University of Wisconsin-Parkside working on my Bachelor’s Degree. The summer had just wrapped and the gas prices were on the rise. And not just any rise, but they were becoming a problem for me and other Americans. Then, the next month, there started to be this huge drop in stock prices along with another incident; Lehman Brothers collapse.

Related image

A company that had assets in the hundreds of billions and yet they still were in the hole by a few hundred billion. And that collapse led to an entire meltdown of the system. Because to me, I thought companies fall all the time. But a $1 billion fall is a lot different than a $600 or $700 billion fall.

it all falls down

Then over the course of the next year, the entire system as we know it started to unravel. I thought, as well as the entire nation felt like we were headed for a Great Depression. So what naturally happened? Well, there was a run on the banks. And that’s when we found out that the banks themselves had been compromised over the years, and they had melted down also.

Now what you have is a $600 – $700 billion collapsed company, multiple banks faltering, which meant a whole host of other issues, and to top it off, the automobile industry was ripped at the seams.

change we can believe in

This is it, the year history was made. The election of America’s first African American president Barack H. Obama. And with his election run, which to date is one of the most successful runs in U.S. history, made America look on the up. There was this new feeling of hop and prosperity coming out from this recession. Not to mention a new president who would take the United States out of a war in the Middle East.

adult, african ethnicity, barack obama

But even with President Obama in office, there was still this feeling of hopelessness. Because what transpired in the American economy was going to take more than a monumental presidential run to fix the system.

lessons for the future

What I learned from the downfall is that you must have other aspects of income coming in (usual cash), never expect tomorrow will be just as good as today, and understand what you can afford. Corporate America has to be accountable, but people also have to know what they are capable of sustaining as well. We all, to an extent was way over our heads. Hopefully we learn so it doesn’t happen again.

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A POT PRESENCE: HOW MARIJUANA WILL CHANGE THE LANDSCAPE OF AMERICA

Image result for WEED

“The business is booming.”

marijuana game

There have been so many arguments and debates over the legalization of marijuana. But today, there are multiple states where you can purchase the drug. Now there are some stipulations when growing and selling the plant. Because it’s legal by the state, yet federally the plant highly illegal. Meaning, watch what you transport across the state lines.

And if do, you better sure have a damn reason. Otherwise it’s off to prison you go.

business as usual

In places such as California, you can grow from your own farm to sell to dispensaries. Or you can be a dispensary yourself. Only problem is the startup costs associated with starting a farm or a dispensary. You must have a lot of capital and be quite liquid in your value. And how many people are liquid in America, which leaves the door open to a chosen few.

medical

There are many uses for marijuana that aid people in their daily lives. Whether it’s someone with problems concerning their vision or some other debilitating illness. But with the medical uses for marijuana, what are the odds that the healthcare industry will find a way to sneak themselves into the business. I mean, they have the financing and marketing ability.

here they come

Like I said prior, better watch out for the healthcare industry. Because once they find an in, they are going to be all in. And that’s when the little guy in business will be pushed aside. The pharmaceutical industry just has way too much money and clout to have competition from the outside. But for those who do pose some sot of threat, be prepared to be put out of business and fast.

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SMALL TOWN CHANGES: WHAT ARE WE TO DO WITH SO MANY SMALL TOWNS IN AMERICA

“Use them or demolish them.”

America’s towns

The United States is known for its diverse major metropolitan cities. But what about the small towns and cities in America that hold less than 100,000 as its population. Who comes from across the country and around the world to visit these unknown locations? And the answer to that question is no one. Trust and believe, I come from a small town in the Midwest; population 75,000.

And I can tell you first hand, people don’t visit, we as Racine citizens of Wisconsin spend our time and money elsewhere. So what happens to a city where people spend outside? The problem is that the places where they spend increase in value, but their places decrease.

the stats

The United States is home to a lot more small towns and cities than major cities. As a matter of fact, the graph below shows the following data collected from a statistical website regarding America’s towns and cities. The website where this information can be found is: click → statista. As you can see we have 85% of America’s 19,505 towns/cities are populated with 10,000 or less people, while American major cities constitute for less than 1%. As a matter of fact, we have only 10 cities in American with over 1 million inhabitants.

what to do with all these places?

Now, with so many places, what are chances that we condense some of these cities and make a few more majors over time. The options are either take some of the cities with 100,000 that are close in proximity and make them into 500,000 to 1 million cities; or we could take a group of 10,000 to 20,000 towns and make them into medium sized cities in proximity of major cities.

Because think about this in context of jobs. No one is bringing jobs to a town of less than 10,000; hell, even a small city of less than 100,000 people. There need to be enough of a population to sustain the city or else how do you do so. That’s why when presidential candidates run for office saying they will create jobs, it aids major cities. But the small towns and cities fall off.

land value

What to do with all this unused land?” Because there are just too many places where too much is not being properly utilized. But, we can’t use a lot of land for crop because due to so much privately owned, overly urbanized, and preserved, our 1.9 billion acres we have dwindles down to a small amount. But we have to do something because our population is spread over these places.

But what you’re noticing is a young generation moving to bigger cities from their small towns. And as a generation dies off, you’ll have a whole host of small ghost towns, and massive major cities with populations exceeding 15 – 20 million people.

My Personal Website: www.faheemjackson.squarespace.com

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