Understanding the society and making money within the system…

No one in the world can become wealthy by being naïve. But if you are objective enough to understand the world that we live in and learn what’s going on without emotion or prejudice then you have a fighting chance of becoming super wealthy through the system. You can learn more about how to do that by reading my book "Uncommon Commonsense Steps to Super Wealth—Your (Hero’s) Journey." There in my book, I have shown with adequate examples that one does not have to be a genius to be super wealthy.

In understanding the society we live in here are some facts. President Reagan demonstrated that as long as any politician avoids the plight of the working man and gives all the breaks possible to the wealthiest percentile in the USA—who holds the collective voice in the free media—then they will show their gratitude by covering the politician with an impenetrable Teflon Coat. Thus he can even turn the greatest creditor nation into the biggest debtor yet the media will focus on the "vision thing" which is so intangible, that they would claim, only the smart people are able to decipher. So if you cannot figure out why President Reagan is so great it is because you are stupid, they will say. It’s like believing in God. Don’t question common wisdom.

You may ask, if so why President Bush, who gave away more to the wealthiest percentile even than Reagan is so unpopular. Think twice. President Bush is very popular with the media. Just listen to the rightwing radio that dominates the airwaves and to the Fox News. For that matter, when was the last time you saw a single journalist at the White House news conferences throwing a real controversial question to the President?

President Bush is so unpopular only because of the old saying that "you cannot fool all the people all the time." (Also lest we forget that it says, "you can fool some people most of the time"). History has enough evidence to illustrate that media could fool people only so long. For example, before each major revolution or common man’s victory newspapers have steadfastly defended those who governed; yet people rose against them. This should explain why President Bush is unpopular. No need to thank the major media for telling us the truth as to what’s going on. They mostly did not.

Alan Greenspan is another one of those politicians (make no mistake he is a politician, although you are told that the Federal Reserve is above politics), who wears a thick Teflon Coat. In the eyes of the media he can do nothing wrong. Alan Greenspan ran the Fed through obfuscation. Even he admits that now in his memoirs as to how he obfuscated the congressmen who held him in such high regard. There is nothing genius about Greenspan except his excellence in communication skills. He could almost make anyone believe anything he says. He was so gifted in mesmerizing the clueless, that even the famous editor of "The Washington Post", Bob Woodward wrote over a 300 page of homage to him entitled "Maestro".

It is partly because of Mr. Greenspan and the Fed that we have oil over $80 now and gold over $700 an ounce. This inflation has spread to most items that matter but when the government measures inflation they do not include what really matters to common man’s daily living. So they have reserved the bragging rights on an economy with insignificant inflation and praise the supply side economics for that. It’s the same with unemployment. In the rest of the civilized world, anyone who has no health coverage is considered a destitute, equivalent to being unemployed. Here out of the 150 million or so working population about 47 million do not carry health insurance that is only because they have no money to pay the premium (because of inflation in healthcare—that is not shown on inflation figures—and because they are under employed).

With enough freedom to print money one does not have to have a genius as the Chairman of the Fed but one needs only a reckless man who is willing to create enough money to avoid any economic disaster and seek temporary relief (history has shown that such relief can last for about 3 decades or so). You may argue that it cannot happen because then there would be inflation. However, logic would dictate that there would be inflation only if such wealth creation would trickle down to the middle class. With almost two third of the CPI is represented by wages, if wages do not increase (due to globalization) then such wealth will not trickle down. As the statistics show (unless they have changed the way that is being measured also) working man’s wages has stagnated since the 1980s. To add to this, most of the goods are now imported from the Third World at such cheap rates, and with the accumulation of supply of consumer goods, inflation on such consumer goods are also on check (actually paving way to deflation in consumer goods) giving more power to the Fed to keep on creating more money and pass them on to the top percentile in the society.

When Alan Greenspan began as the Chairman of the economic council for the newly elected great communicator, the Dow Jones was only 838. And by the time he was over as the Chairman of the Fed Dow Jones as risen to over 11,000. Nothing in the country (the GDP or the population) grew at that pace to justify this wealth creation. Also along with the trillions of dollars President Reagan borrowed this, new wealth generated in the financial markets went into the hands of a very few. Some of it trickled down to the middle class but only in the form of debt. Thus today, in the USA, common people are in debt than any people had ever been in the history of the world. Finally to make the case for inflation when there is too much money in the world, there is inflation, that is created by the wealthiest in the world and that shows up in stock market prices and commodity prices. That’s what happens when money being created stays in the hands of a few.

Again to repeat, this article is not meant to attack the system and be emotional about it but only put that in perspective and to request the reader not to be naïve but understand the system and learn to make money through the system. And to that end my book will help you immensely.