Monday, January 3, 2011
Tuesday, April 27, 2010
We can create our Theory about surrounding Universe
We can build better theories than the violent end of the world and movies to show it in details. This movie "2012" was a meaningless violent exercise.
At least the membrane theory says our Universe is contained by a multi-dimensional membrane and the touching with next membrane at different and repeated intervals in time may explain the Big Bang and Big Bangs but, why it happens we have no clue...
We can choose more positive thinking. Is there such a thing as global thinking? What about thinking to significant contributions with higher meaning, hopes to make our lives better by doing our individual work?
Ernest Ionescu
http://investing-manage-properties.com
http://winner4us.com
Saturday, March 20, 2010
About Property and Equality of People
Both communism and some kinds of socialism upheld the notion that private property is evil, because private property benefits one group of people over another, giving rise to domination through the use of property rights.
The communist word for this is exploitation. The solution for exploitation was to take the state power, socialize all properties and destroy the unhappy formal owners, the bourgeoisie, and make all equals. I call it a violent social revenge; they called it the dictatorship of the proletariat. So far the communist solution of this problem was to make people equal in poverty.
I was five years old in 1947 when after WWII, in the Russian occupied the communist dictatorship of the proletariat started. The people with properties or money in the bank were the enemy. I saw the first conversion of the money. They say the king picture on the money do not mach with the new Republic symbols. The exchange was meant to make cash on hand worthless. The total amount exchanged was limited to one month living expenses. Everybody has to work for small retribution that will never make rich people again, but the work around was to become a privileged person. We the kids played games with worthless coins for years after that. We remember that time and understand more now.
Ernest Ionescu
http://investing-manage-properties.com
http://winner4us.com
Tuesday, November 24, 2009
This is what we discovered in our summer expedition down Grand River in Michigan.
What do yo think it is?
We wish you a great Thanksgiving celebration.
See more good reason to celebrate more right now on my "Berlin Wall" page: http://www.winner4us.com/berlin-wall.html
Ernest Ionescu
http://investing-manage-properties.com
http://winner4us.com
Monday, July 13, 2009
How I got retired from GM
The General Motors (GM) did and had to do separations and layoffs to survive in this economic crisis.
I write this article for some people from Europe or from a different culture that envy us the Americans for more opportunities and more material advantages.
The truth is in the capitalist world most companies work for profit and in the due process the capital and resources are reassigned continuously.
The destruction and corporate layoffs are part of reconstruction. I learned that from school and experience and now this is part of my business thinking.
I wrote this article about layoffs for me too. I have my ego problem being separated the American style.The full article is at www.winner4us under "Corporate Layoffs" label.
Ernest Ionescu
http://investing-manage-properties.com
http://winner4us.com
Monday, May 11, 2009
What is The Third Way?
There are more words to define this concept. Is it "the Socialism with a human face"? Certainly not, that was Ceausescu's Socialism.
There is a Chinese pragmatic way coming after the Soviet Union collapse. Here it is the Deng Xiaoping's famous quotation that says a lot to me:
"I don't care if it's a white cat or a black cat. It's a good cat so long as it catches mice."
So many ideas are coming from all directions including Great Britain with Tony Blair's "Centrist way" or even The United States democratic social programs to name a few.
Before going even further I suggest to take a deep breath and start reading my pages about "What is Socialism?" or better "What is the Communism?", "Romania at Historic Crossroads", or "The Escape - Confession of a Refugee"
Ernest Ionescu
http://investing-manage-properties.com
http://winner4us.com
Saturday, March 14, 2009
Federal Reserve is fighting for Financial Stability
The Federal Reserve considers transparency about the goals, conduct, and stance of monetary policy to be fundamental to the effectiveness of monetary policy. The Federal Reserve Act sets forth the goals of monetary policy, specifically "to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates." Financial stability is an important prerequisite for achieving those goals.
In January 2009 during an interview on C-SPAN, Rep. Paul Kanjorski (D-PA) paraphrased information provided to Congress in September 2008 by Federal Reserve Chair Ben Bernanke with then-Treasury Secretary Hank Paulson.
According to Kanjorski, the Federal Reserve at about 11 AM on Thursday, September 18, 2008 detected that $550 billion had been withdrawn from money market funds in the preceding 1-2 hours. In response, the Fed started to provide liquidity to try to stem this electronic bank run. After spending $105 billion, Fed officials realized that they were unable to stop the run.
Kanjorski did not say who was behind these massive money market withdrawals. There are several central banks and some of the world's ultra-wealthy private individuals who could have started this process. Much of global financial investments are managed by computer programs set up to react quickly to unusual trends.
A single party could have started the whole process by withdrawing enough money market funds to cause other investors' programs to spring into action to withdraw their funds, leading the whole process to snowball.
They stopped further spending, temporarily closed down money market accounts, and then announced that the federal government would guarantee such accounts up to $250,000 per account as a means to halt the panic.
According to the Fed, if they had not made the moves that they did then, a total of $5.5 trillion of money market funds would likely have been withdrawn by 2 PM. If that had occurred, the entire US economy would have collapsed.
Then-US president Bush quickly called for a $700 billion bailout package that grew to $875 billion by the time Congress got through adding projects. These events and response to them created an impact on presidential elections. Currently the President Barak Obama and the executives fight the global financial crisis to avoid further economic deterioration in the USA.
The Federal Reserve has implemented new policy tools to address the global current financial crisis.
The reduction in the target federal funds rate from 5-1/4 percent to effectively zero was an extraordinarily rapid easing in the stance of monetary policy. In addition, the Federal Reserve has implemented a number of programs designed to support the liquidity of financial institutions and foster improved conditions in financial markets.
- The first set of tools, involve the provision of short-term liquidity to banks and other depository institutions and other financial institutions. Because bank funding markets are global in scope, the Federal Reserve has also approved bilateral currency swap agreements with 14 foreign central banks.
- A second set of tools involve the provision of liquidity directly to borrowers and investors in key credit markets.
- As a third set of instruments, the Federal Reserve has expanded its traditional tool of open market operations to support the functioning of credit markets through the purchase of longer-term securities for the Federal Reserve' portfolio. For example, on November 25, 2008, the Federal Reserve announced plans to purchase up to $100 billion in government-sponsored enterprise debt and up to $500 billion in agency mortgage-backed securities.
Transparency about monetary policy also helps promote the accountability of the Federal Reserve to the Congress and the public. Such accountability is especially critical when nontraditional policy tools--which are less familiar to the public than traditional policy tools--are employed.
Ernest Ionescu
http://investing-manage-properties.com
http://winner4us.com