AN INTRODUCTION
After much careful thought and deliberation, I have decided to start blogging about the ongoing economic crisis. This blog is focused on the following:
- Documenting the ongoing issues I see within our current financial and political systems
- Understanding the potential outcomes as American society moves back into balance (i.e. the current systems fail and are replaced/reset)
- Creating personal solutions which allow one to thrive as the economic crisis intensifies
- Sharing these ideas with my friends and family
So what's with the name Equilibrium Theory? Well, I am trained as a chemical engineer and a primary tenet of my education is that systems move towards or oscillate around equilibrium. ...so what's equilibrium? Simply put, equilibrium is a balancing of forces. So when any system is not at equilibrium, there will be forces pushing the system back towards balance. Naturally, our world never reaches perfect balance, but it should never stray far from equilibrium for very long.
This concept of balance is a fundamental part of the way the founders conceived our republic. Checks and balances on power were meant to keep individuals or groups from accumulating power by illegal or immoral means. Sadly, all levels of government now ignore these checks on their power. They implement laws and regulations for special interests and corporations without concern for the natural rights for the individual. This system of corporatist-fascist government must end. Our economy is now on the brink of collapsing under the weight of the inefficiencies produced by boundless regulations and bureaucracy. While many have not recognized it, the reset has been triggered. The subprime mortgage meltdown and the resulting economic crisis is pushing us into balance, and the inefficiencies are being forced out the system. However, our society has been out of balance for so long most Americans don't know what to expect. This blog intends to identify many of the forces at work and determine where these forces are directing the future of the nation.
WHERE DO WE BEGIN?
Over the past couple of years, we have experienced the economic shocks of the first wave of the mortgage crisis. The US government has spent trillions of dollars trying to shore up the balance sheets of the banks and end the loss of jobs. However, these actions have failed to address the larger fiscal issues, and our current financial system is still far out of balance and is breaking down. This imbalance raises some pertinent questions. How did we get here? Are the government and the mainstream press presenting us the truth? What are the potential changes required to bring our society back into balance? How do these changes affect my lifestyle, my wealth, and my security? What actions can I take to minimize negative consequences?
Through the next few posts, I will try to outline the data that demonstrates the dire situation we now face and will begin to formulate simple actions to take to reclaim our liberties and our financial security.
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