The Virtual Vitamin

A Daily Dose of Insight and Common Sense

The Future American Currency?

The form of legal tender has probably been the most evolving element of our relatively new society.  We have gone from genuine metal coin and barters to a gold backed dollar, and then to mere paper with only contrived value.  Credit, now the most popular form of funds, exchanges the hope of potential wealth.  We wager on futures.  Investments are made on artificial assets, mere illusions.  Exploiting that system will critically damage any economy.  The castle has been built on a cloud.  The question to ask now is, “Can it be repaired?”  At this point, bringing the financial system back down to earth will require desperate measures, but it is still possible.  The key to any workable solution will have to include returning to a system built on honest value.  The present trend has led to instability and if we continue on, to collapse.  Following that path the next logical currency exchanged will be power.  — If the dollar falls, so does freedom.

June 8, 2010 Posted by | on Economics | , , , , , , , , , | 1 Comment

Federal Steroids Stunting Job Growth

The results of temporarily strengthening the economy with artificial gains have long-term negative effects.  The unhealthy economic atmosphere created by over-regulation caps the benefits of hiring.  Health insurance, worker’s comp., stricter requirements for larger businesses, and the unknown impacts of proposed legislation all limit expansion and deter entrepreneurship.  Innovation, improvements, and new industry are caged in red tape and government assistance programs.  It requires so many private sector jobs to support a single government salary, especially when government workers make about 40% more for doing that same job.  The government should not be in the investment business.  We need good stewards, not better brokers with our tax dollars.  It’s time to get off the juice.

June 7, 2010 Posted by | on Economics, on Government, on Taxes | , , , , , , , , , | Leave a comment

Unions: The Dreaded Group Project

The most miserable of classroom assignments:  there are always those who do the majority of the work, those who sleep on the job, those frustrated because their opinion doesn’t matter, and everyone shares in the graded outcome.  Unions have stifled economic growth, suppressed innovation, and weakened the workforce.  The workers only have the rights that labor legislation and the union permit.  A person’s rights are surrendered to the union, and an individual has no right to choose representation, ask for a raise, or negotiate on their own behalf.  Wages and benefits are decided by union contracts based on the collective; there is no meritocracy.  Collective rights leave no liberty to the individual, no freedom to succeed, and no motivation to move beyond the mediocre.  Those who don’t join the union are still dominated by it.  Exclusive representation, fixed wages, and dues are still required.  Their only difference:  no union vote.  The real “free-riders” are those who benefit from the talent and work ethic of others.  Employees should sink or swim based on their own merits, rather than forcing everyone into the same boat.  The government, courts, and unions, all try to answer the question, “What is fair?”  Isn’t the individual worker the best person to decide what is in their best interest?  This current system is pass/fail.  We need the opportunity to surpass the set standards and achieve excellence.

June 5, 2010 Posted by | on Economics, on Government | , , , , , , , , , | Leave a comment

A Difference Between Capitalism and Capitol-ism

If the market is in recovery, it is in spite of the stimulus, manipulation, and over-regulation by the government and not because of it.  It only shows the resolve of the American people and corporations, our ability to adapt, our survival instinct, and our innate pursuit of happiness.  We will keep going, keep striving for true progress, and keep disputing the oppressive power of the government over enterprise. We need a rightful separation of commerce and state.  Oversight is now overstepping.  It has gone from market protection to market manipulation, and continues on to market control.  The excessive regulation power has become corrupt.  Almost 3.5 billion dollars were spent on federal lobbying last year, proof that influence may be bought, and that amount keeps climbing.  Legislators need to be reminded of who they work for.  Campaigns may be financed, but our votes cannot be bought.  The American people are not on the take.

June 4, 2010 Posted by | on Economics, on Government, on Politics | , , , , , , , , , , , , , , , , | Leave a comment

Putting the Puzzle Together

When looking at the complete picture of current news stories, the climate change crisis is the piece that just doesn’t fit.  All of the other news items are acute problems.  Addressing climate change at this point with the global fervor it now has behind it is like treating a patient for baldness when he comes in because of a heart attack.  It just doesn’t make sense how our main global concern can be for a planet 1,000 years into the future, when we are currently acting like there is no tomorrow.  With nuclear expansion, terrorism, world wars, genocide, modern-day slavery, and the world economy crashing, why are we currently so panicked about the sea levels rising a few feet over a few millennia?   If we don’t take care of the immediate threats, there won’t be a planet to save centuries or even decades from now.  If we don’t take steps to save man, what good does it serve to save the planet?  What piece really fits?  The end game of those who cry global warming is simply for short-term gain — money, control, and influence.  It is not about the planet, it is about power.

June 2, 2010 Posted by | on Government, on Politics | , , , , , , , , , | Leave a comment

Insider Legislating

Washington insiders create the plumbing framework behind the scenes and then use legislation to turn on the water.  To adjust the faucet they pass laws, use regulation, and award government contracts.   They manipulate the tax code and federal spending, put provisions on health care, and now we have the epitome of government serving self-interest in the cap-and-trade legislation.  Those in power are financially investing in the agenda, influencing the outcome, and will soon be collecting the money that comes flowing in if it passes.  While the rest of the country is facing a drought, the government is threatening to crimp the hose.  Washington wanting to regulate Wall St. is simply the accusation of a guilty conscience, or maybe corruption just doesn’t like competition.

June 1, 2010 Posted by | on Economics, on Government, on Politics | , , , , , , , , , , , | Leave a comment