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“Blackouts In Leyte” — The Electricity Editorial

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by Samuel E. Warren Jr.

In the United States, when the lights go out, people shout, “Blackout.” In the Philippines, when the lights go out people shout, “Brownout.”

Perhaps, the term, “brownout” seems more politically correct or suggests that the power outage may not last as long as a “blackout.” Despite the political correctness of words, I like the term “blackout<” because when the lights go out – day or night – you are “in the dark.”

The major drawback to life on the island of Leyte, in the Republic of the Philippines is obviously “electricity.”

Frequency Of Blackouts – “Preposterous, Ridiculous,


The frequency and the number of “blackouts” since December of 2011 until the day I started to write this article, August 8, 2012, brings the words, “preposterous”,“ridiculous”, and “nonsense” to mind. Sometimes the “blackouts” last several hours as in 12, 16 or a whole day. Sometimes the “blackouts” only last a few minutes. What is frustrating about the “blackouts” is the frequency. Hardly, a 24-hour period goes by that there is not at least one “blackout.”

Government Seeks Answers

A couple of months ago, the Philippine government announced that they had questions about the high electric bills that citizens on the island of Leyte had to pay. I haven’t seen anything in the newspapers recently on the situation.

The most frustrating factor of daily life in Leyte is the unreliability of electricity. The electricity is as unreliable as the political campaign promises of an American presidential candidate. I could appreciate the circumstances if I knew that electric company officials were working to solve the problem. But, I haven’t seen or heard anything in the news media to suggest that anyone is doing anything.

Rural Missouri Blackouts

As a boy in Missouri in the 1960s, I knew that come the winter months, there would be probably a couple of times during the winter, when we would be without electricity for two to three days. Snow and ice would collect on tree limbs and either the limbs or trees would fall on power lines and then the electric company would have to locate the tree and try to repair the line. By the 1980s, power outages in winter time in rural southwest Missouri had become one of those events that usually belonged “to the memories of childhood.”

Why The Blackouts ?

I don’t know why there are so many “Blackouts” in Leyte ?

I can theorize that the island infrastructure presents a challenge to maintaining a consistent and persistent supply of electricity. I have, no doubt, that weather situations like typhoons and monsoon rains bring havoc to power lines. I even imagine the number of household that rely on the electricity and the appliances and devices that they use are taking a toll on power consumption and supply. I am more than willing to give the power company the benefit of the doubt. I can understand and appreciate these limitations.

But. . .

On a sunny day, when it has not been raining and the power goes out – then, you wonder, “Why ?”

More than an annoyance or frustration, the “blackouts” are probably taking their toll in credibility. Leyte is a beautiful island, which should attract herds of foreign investors seeking to do business in the Philippines.

Profitable Population

This eastern visayas paradise – Leyte – offers a culturally diverse population. Chinese immigrants were among some of the first settlers to this island, so there is several Chinese businesses in Tacloban City.

Of course, the significant Spanish history and influence of the Philippines for more than 400 years is reflected in the Waray and Tagalog languages as well as cultural ideas and lifestyles.

The American presence at the beginning of the 20th Century, though World War II and until Mount Pinatubo brought the closure of Clark and Subic in the 1990s accounts for the wide use and understanding of English.

The Airport Of The West – Western World Ways

Thus, the Philippines in the Asia realm is “The Airport Of The West”, where people can land, stretch out, relax, rest and be ready to try and relate and communicate with a major section of the world that does not always understand, appreciate or have a way to communicate and relate to Western World Ways, in terms of ideas, or the English language.

People in the Philippines truly understand “The West.” The major reluctance of the use of English by Filipinos seems to be a “cultural shyness” in the use of English. Other English speaking citizens: Americans, Australians, British, Canadians and South Africans – are quick to “criticize” the use of English words and phrases.

Thus, the availability of a population that is accustomed to tourist, foreign business people and other languages should have foreign business investors beating down the door to offer employment to the population. Then, of course, “the lights go out.”

International Reporters and Photographers – Power Up !

If your editor sends you to cover breaking news in Leyte or another island of the Philippines. Before you dash to the airport, check your laptop battery and consider buying or packing another digital camera battery. Electricity is as reliable as an American politicians’ campaign promises – it isn’t !

In country, in Manila, Tacloban City, Tanauan and other large cities in the Philippines you can find the voltage regulators to handle the American 110 volts, but, if you get off a chopper, hop off a jeepney or a trike into the small villages and towns, the American laptop or American digital camera will have to use the power it has.

Remember, Canon and Nikon, are Japanese cameras that make American models to handle US voltage. Laptops bought in the US market are not designed to handle Asian 220 voltage. Know your gear, before you plug it into an Asian electric outlet. You might consider packing a small battery alarm clock and a small battery flashlight in with your camera gear to handle “blackouts.” Nikon D 100 Photo by Samuel E. Warren Jr.

Voltage Regulator

The voltage regulator in the photograph was purchased at Citi Hardware in Tacloban City. The 578 Emporium and the Gaisano stores in Tacloban City usually have the voltage regulators for sale. Nikon D 100 Photo by Samuel E. Warren Jr.

The Big Hole In Your Wallet

My wife, Christy opened her, “CSW Cafe” in Tacloban City, near Leyte Normal University. Like any small businessman or businesswoman, she meets the daily challenges of business. Her cafe provides buffet style Filipino food in a bistro atmosphere Fortunately, in Tacloban City, the “blackouts” don’t seem to be as frequent as “out in the country” where we live.

But, when the power goes out – the air conditioning goes off and the tropical temperatures of the Philippines sends you looking for a shade tree or a cooler place to wait until the power comes back on.

Blackout” or “Brown out” – whatever you call the situation. The unstable state of electricity is more than frustrating or annoying – it comes down to “The Big Hole In Your Wallet.”

The Electricity Gamble

This morning, – “Blackout.” It lasted for five to ten minutes, while the kids got ready to go to school. Fortunately, the kids had already had their breakfast. Unreliable electricity is no doubt one reason, why people rely on small canisters of propane and a large hot plate appliance to cook meals, rather than an electric stove.


Focal Length
Focal Length


Gas Stove ?

The large appliance is a two burner hot plate. The line runs to a Recreational Vehicle-sized propane canister and is, essentially, a gas stove in Leyte. I have not seen any electric stoves and the frequency of “brownouts” and “blackouts” would explain why electric stoves, ovens and ranges are extremely rare, if at all. Nikon D 100 Photo by Samuel E. Warren Jr.

The afternoon past without a “Blackout.” This evening – from now until midnight is still “a flip of the coin” because electricity in rural Leyte is “a minute to minute and hour to hour gamble.”

Without unreliable power, it makes it difficult for all businesses to do business. Unstable power means farmers and fishermen really have to rely on the daylight, in order, to be sure they can earn their day to day living.

Families in rural Leyte, seem to have adopted a “slot machine attitude toward electricity.” You realize some days are like pulling down the arm and watching the machine “hit”, “Three Across !” The dials click into place and you listen to the jingle and jangle of coins clanking into the tray.

Electricity Is A Slot Machine Gamble In Leyte

Pull the arm of any “One Arm Bandit” slot machine and watch the dials whirl. If the mechanical or computer programmed machine “hits” then you get a “payout” of tokens or coins.


Daily electricity in Leyte is like playing a slot machine. From second to second, minute to minute and hour to hour the dails whirl. Somedays in Leyte, the only “payout” of electricity is a persistent “blackout” that can last for minutes to several hours and there can be several “blackouts” on a given day.


And, like slot machines, it seems the electric bills can consume major portions of your wallet for an erratic payout of electricity over a month’s time. Nikon D 100 Photo by Samuel E. Warren Jr.

Other days, you pull the arm and the dials spin. Clunk ! Clunk ! Clunk !

Nothing on the three dials match and those are the days, when the electricity may be on and off again several times throughout the day or the electricity may be out for several hours during the day or night. You almost have to have – A Slot Machine Attitude – because from sunrise to midnight, you never know what the celestial spinning of the dials of the cosmic electric slot machine is going to “payout.”

In the 21st Century, it is ridiculous for any citizens to have to try to farm, do business or live like 12th Century peasants. The peasants had daylight and candlelight. They used the daylight to accomplish the majority of the day’s tasks.

Keep The Candles Handy

Thus, somewhere on planet Earth, in the 21st Century, someone should hold “The Secret” or the knowledge to help the power companies of Leyte to figure out “How To Keep The Lights On” and make “Blackouts” a historical footnote of the past. Until then, don’t forget to keep your candles and box of matches from the sari-sari store handy.

Keep The Candles Handy

Local sari-sari stores in provinces in the Philippines are numerous and usually have a ready supply of candles and small boxes of matches. Nikon D 100 Photo by Samuel E. Warren Jr.


Life On Fast Forward

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by Samuel E. Warren Jr

Coconut Commando Cruisers On Station On A Leyte Beach — Give a retired American G.I. a camera and the simplest moments in life become a Pentagon picture. Actually, these fishing boats reside on a Leyte beach, near Tacloban City, in the Republic of the Philippines. Canon EOS 40 D Photo by Samuel E. Warren Jr.

When a man and a woman retire to a tropical island in the South Pacific to sit under the coconut trees, they look forward to laying back on the beach and feeling the warm sunshine on their faces. They want to stare up at an azure sky with cotton ball clouds and feel the cool breeze sweep over the waves of the sapphire ocean. Wiggle their toes in the gold dust sand. “Ah. Retirement. Umm. Hallelujah. Thank you, God.”

That maybe what we wanted. Welcome to life and reality.

China calls the waves of water – the South China Sea. The Republic of the Philippines calls the waves of water – the Western Philippine Sea. A piece of land in this part of the Pacific is called Scarborough Shoals.

The Republic of the Philippines and China have both laid claim to the small area of real estate in the ocean. Diplomats are working on the issue.

Meanwhile, in Leyte, in the Republic of the Philippines, at One Warren Way – it is “Summer.” The 23 nieces and nephews are out of school. Most of the nieces and nephews are spending their summer with Tita Christy and Tito Sam.

May is Fiesta Month in the Republic of the Philippines. This motorcyclist travels under the banner announcing the fiesta for Barangay Cameri, Leyte, Republic of the Philippines. Nikon D 100 Photo by Samuel E Warren Jr.

The household goods packed up on December 16, 2011 in Galena, Missouri, actually were put on board an ocean-going vessel. It should have been a cargo ship, but, based on the condition of the furniture that arrived, the vessel might have been a Soviet fishing trawler from the days of the Cold War that tried to run a naval blockade somewhere on the high seas. At any rate, the beaten, bruised, battered boxes did arrive in the Port of Manila and where eventually trucked to Tacloban City, where a local shipping company, did carry the goods to our front door.

Even before, we began unpacking, the fact that May is Fiesta month in the Republic of the Philippines took hold. April 20, 2012, Christy opened the CSW Cafe at 128 Independencia Street in Tacloban City, so she has kept busy making sure her Filipino buffet style cafe has delicious food to offer her customers.

Meanwhile, back home, in Barangay Baras, at One Warren Way, the nieces and nephews were in a dance mode. The Patrick Swazye, “Dirty Dancing” movie and the Kevin Bacon, “Footloose” movie gave them some ideas for a dance routine to the Barangay Cameri Fiesta. I have done my best to keep double A batteries in a compact digital camera and to keep my Nikon charged because kids are “Non-stop Photo Opportunities.”

Rice farmers and coconut farmers in Barangay Cameri, Leyte, Republic of the Philippines, take a break for a few days to host what Americans would call a county fair to meet, socialize and party with family,friends, neighbors and visitors at the Barangay Cameri Fiesta. Nikon D 100 Photo by Samuel E. Warren Jr.

Unfortunately, my blogs, the Sam I Am Blog, and the Samuel Warren The Writer blog have collected dust in the electronic archives of the Internet since Life in the Real World seems to have gone to Fast Forward, during the month of May.

And, just when, I think, I can finally set down at the keyboard and pound out some poetic prose, the Internet connection drops out. The tall bamboo pole still stands with the waffle device pointed up into the sky. But, before the electronic bits reconnect the system, a couple of squads of costumed she males parade along the barangay road and the barangay hosts the 2012 Miss Gay beauty pageant.

Plus, the nieces and nephews take center stage and dance their way into the hearts of fiesta attendees. Keep the faith, dear readers, “Good Lord willin’ and the creek don’t rise” and hopefully in a day or so I should have some poignant prose to publish to my blogs. “Now, where did I put that compact flash card with the fiesta photos ?” Got it.

People line the road going to and from the Barangay Cameri Fiesta. The pervasive heat of the Republic of the Philippines gives the day an Ozarks flavor or sauntering along and taking your time to enjoy the day and company of family and friends. Nikon D 100 Photo by Samuel E. Warren Jr.

Happy Fiesta ! While these two Filipino men smile at the American photographer strolling down the road, some others sip “Tuba,” Filipino coconut wine and chat with friends, family and neighbors. Nikon D 100 Photo by Samuel E. Warren Jr.


Photography Patrol – Pastrana Sari–Sari Store–Photo by Samuel E. Warren Jr.

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Pastrana Sari-Sari Store


Pastrana Sari-Sari Store – Photo by Samuel E. Warren Jr.  Pastrana is pronounced “Pah-strah – nah.”  And the words, sari-sari, are pronounced, “Sorry – E, Sorry – E.”  A sari-sari store in the Philippines is like a General Store in rural America or a small convenience store in an American city.  This little store a customer can actually walk into and shop.  Some sari-sari stores are more like a bank teller’s window at the drive thru lane of a bank.  You tell the store operator what you want and they either give it to you for a certain amount of pesos or they tell you they don’t have the item.

A sari-sari store’s merchandise varies from store to store, but, they can have everything from double A batteries to detergent to candy to rice to Coca Cola, Pepsi, Merinda or Royal orange soda to San Miguel beer.  Americans love the term “small business.” but to truly appreciate how small a business can be and still make a living for a family, you have to shop at a Philippines’ Sari-Sari Store.  Photo by Samuel E. Warren Jr.


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Political and Economic Opinion Editorial :

The Warren Economic Recovery Plan

A Million Dollars

for Americans

by Samuel E. Warren Jr.

The Bush Administration Depression of October 3, 2007 explodes. The Global Economy experiences the Hiroshima and Nagasaki detonation at ground zero.

World news services freak as they rush to cover international financial hysteria around the world. World governments drop the American dollar like rotten vegetables and scramble to keep their economies afloat.

The BAD rocks on and tumbles Big American banks. Legendary brokerage houses collapse like a house of cards. The American people give candidate Obama a national mandate:

Fix it !

Within 72 hours of moving into the Oval Office, President Obama has not been able to bring the U.S. Economy back to the 1950 Levels of Economic Stability and Rainbow Optimism.

The new president has no magic wand. He has to deal with the U.S. Congress. The party of the Old Administration doesn’t want the blame for the Global Financial Holocaust, so they rally to distance themselves from the rising flood waters of financial criticism.

Hometown Americans and Global Citizens are worried and resort to finger pointing at the poor man, who was foolish enough to want to work in the Oval Office.

By 2010, The Economists’Mantra echoes from sea to shining sea, over the purple waves of grain : “Mission Accomplished ! Mission Accomplished ! Mission Accomplished !” The rebounding economy tune doesn’t seem to be catching on. It has not caught on in the Heartland Of America. I haven’t seen it on Billboard Top 100 or found it on The New York Times Best Seller List.

Still, Americans complain of rising gas prices and trying to pay bills. Rolling coins can be a time consuming task.

Global Economic Recovery still sounds more like a dream that world leaders signed off on, rather, than trying to find a working solution to halt the recurring “Feast and Famine” cycle of the economy.

Email Congress The Plan

I have a plan that I believe will restore not only the U.S. Economy, but the Global Economy. If you agree, then, email this article to your U.S. Senator or your U.S. Congressman.


Warren Economic

Recovery Plan

The 2010 Census will reveal the number of Americans, which will provide the data that the U.S. Government needs.

Based on the 2010 U.S. Census, every American from age 21 to 100 should receive a U.S. Government check for ONE MILLION DOLLARS.

Based on the U.S. Census and the Internal Revenue Service records, the U.S. Treasury will have the addresses of Americans who are between ages 21 and 100.

Three Strings And A Thread Attached

1  Americans who die, while the checks are being processed, will have their checks canceled The funds will not become part of the deceased estate.

2 No one currently imprisoned in a Federal or State prison will get a check.

3  American men and women in uniform on active duty, will get a check, but will not be allowed to apply for early retirement or be able to leave the U.S. Armed Forces before their normal term of enlistment is scheduled to end, likewise, officers won’t be allowed to resign their commissions to seek private business opportunities simply because they got their check.

The thread – A Nationwide Prize Freeze becomes effective on essentials. For 24 months, by Federal Law: NO INCREASE in the price of groceries, rent or health care.

Reason for A Federal Prize Freeze

Throughout my military career, it never failed. Uncle Sam would give us a Cost Of Living Increase to our basic pay and before the ink was dry – local land lords and grocery stores had already raised the prices on everything from rent to bread to milk and eggs.

The Complete Plan

The three reasons and the two-year price freeze on rent and groceries is the complete Warren Economic Plan in entirety. I, Samuel E. Warren Jr., came up with and believe in the plan.

Why The Plan Will Work ?

Human Nature.

The funds will find their way quickly back into the U.S. Economy at large because of :

Human Nature.


Young Americans are traditionally optimistic. They will finally have “money to burn.” Being youth they will go for the “toys that they can’t live without.” They will be “spending” the money on cars, stereos, theater systems and other items to their hearts’ content.

Granted, there may be those who decide to invest or keep the money in the bank, but, youth is optimistic as a whole, so the people who “save” their money will probably be in the minority.

Middle-age Americans

Middle-age Americans know how volatile the economy is.

Some, no doubt, would go into the office the day after they get their check and walk up to their boss and sing a few of the lyrics from the Johnny Paycheck song about, “take this job and shove it,” before they smile and walk out the door.

Some will hop a plane for Las Vegas and Atlantic City to gamble.

Others will think about the kid’s college educations, the house mortgage and their own retirements. Still, even the most conservative will be tempted to spend a few dollars on something they want.

Senior Citizen Americans

Forget the kid’s and grandkid’s inheritance. The little darlings have their own 30 to 40 -year work life ahead of them. You are headed for the horizon of the After Life. Time to do what you always wanted, but never had the money to do.

Senior Citizens tend to be ultra conservative in financial matters. Thus, the majority will, no doubt, put some of the money in areas they believe to be secure. If they need the money for hospice or HMO care, then, they will have the money they need to help pay expenses.

Put Your Money Where You Mouth Is

Americans who do the charity routine will no be able to sign their check over to their favorite charity from “Save The Whales” to “Help Refugees” to “Help The Homeless.” The Americans, who truly believe in their causes and who aren’t just paying “lip service” will have a way to make the world a better place.

Expected Fallout

The sudden influx of U.S. Currency into the economy will bring change, but, not chaos.

First, even if the president signs the plan into law with the U.S. Congress lap dogs standing over his shoulder smiling for the “photo op;” the impact will take a few days.

The U.S. Treasury fires up the printing presses and sends out the checks. The IRS has already provided the addresses. Tradition means that the checks will probably be sent out alphabetically, which means Americans with A last names will get their checks first. Naturally, Americans with W and Z last names will have to wait for their checks.

Meanwhile, the boys and girls of the U.S. Treasury will also be working to print off the bills to meet the needs of banks. Obviously, some Americans will want to look at the bills going into their wallets.

Win Win For Uncle Sam

At the outset, the Currency Exchange Game will take a hit. World Governments will freak out. The U.S. Dollar will ping pong like a tennis ball in a high wind.

In the long run, Uncle Sam and State Governments will benefit because Uncle Sam’s gift ISN’T tax free, which means come April, Uncle and the States will get their traditional “sheckles of silver” through the usual tax channels.

In the short run, the money going to average Americans will find a way into the economy through a variety of means at every level imaginable.

By the time Americans in the middle of the alphabet, begin to receive their checks, the economy will have become flexible enough to “roll with the punches.” The economists and government leaders will know what to expect.

Here Come The Critics

I can see economists, bankers and brokers, across the nation dropping their coffee cups and spilling their bottled water.

Granted, if the U.S. Government starts mailing out Million Dollar Checks to Americans, then, the news alone will impact the global economy.

Without a doubt, people will come scrambling with their spreadsheet and projections. The critics will be speed dialing their local TV stations to go “On The Record” why the plan won’t work.

Terms like Inflation, Recession, Depression will be “warming up in the bullpen” ready to “take a swing” at the plan.

But, before the critics don their prophet robes and take to the streets to yell “doom and gloom,” wouldn’t they like to get a “check from the U.S. Government for one million dollars.” Put down your “End Of The World” sign for a moment and think about the dollar signs.

Woes For The Wealthy ?

Traditionally, one percent of the American population is considered wealthy. Obviously, American millionaires and billionaires aren’t going to like the idea of their doormen, gardeners, handy men, butlers, chauffeurs, club golf pros and tennis pros, becoming millionaires.

Take A Deep Breath, Money Bags ! Not all Americans will walk off the job with the check in hand. Some Americans do “live to work.”

Big corporations will hate the idea, because the money goes to a person, and not a company.

One word – Enron.

American companies have a long tradition of being “leeches” on the U.S. Government and indirectly “sucking the life out of the American taxpayer.” When big companies go under, Americans feel the effects and the U.S. Government cleans up the mess.

Does anyone remember the Penn Central railroad or the Savings and Loan Crisis ?

The critics won’t like this plan because it puts money in the hands of “blue collar,” junior and middle level management Americans – the people at the bottom of the American Work Force, who roll coins to pay their bills and make ends meet each month.

Before the Money Bags, light their torches and march on Washington D.C.: Consider this: People at the bottom will have money to “pay cash” for expensive toys from Humvees to bass boats.

Americans will have money to offer collateral for large purchases, thus, banks and lending institutions will “profit.” Americans like to “spend” as a culture, which means, that overall, in the long run, the number of American millionaires will not be a drastic increase.

U.S. Congress In The Spotlight

Flip on the kitchen light and watch the roaches run.

Obviously, not all members of the U.S. Congress want to serve a “nation of millionaires,” even temporarily.

But, before they start to “cackle and squawk like frightened hens in the chicken coup,” they should kick back have a bottled water and consider than the funds will be going to their voters at the grass roots. Some voters might even still have some of the money available to spend for the next congressional race.

If the president considers the plan a viable option, then, it might be in the interest of the individual Congressman or U.S. Senator to get on board early.

Do you really want to be the U.S. Senator or Congressman, who has to go back to his voters and say:

I voted against giving

each American, One Million Dollars.”

At the back of your mind, is there really a single American in 21st Century America, (other than grade school and high school students), who doesn’t believe that their U.S. Congressman or U.S. Senator hasn’t been bought and paid for by some lobbyist or special interest group ?

If Americans at the bottom of the social and economic scale suddenly have finances to help make a difference, then, the lobbyists and special interest groups will be forced to change their focus. Perhaps, the concept of “One Vote, One Voice” will again mean something in America.

Silence The Economists

I’m sure Economists will reject the “Warren Economic Recovery Plan”. My plan is bold, unorthodox and I believe it will work because it means “Money For Americans”

Obviously, I’m not a Mathematician or an Economist.

My plan goes against all those “Conservative Financial Ethics” that brought us numerous inflation, recession and depression cycles from the founding of America right up to today.

My plan ignores the favorite “Supply And Demand” story. My plan ignores our favorite fairy tale of the “Pilgrim America Work Ethic.”

Uncle Sam’s Pipe Patch

Uncle Sam’s Band Aid to Stop The Global Economic Coma was to dump tons – “billions” – of dollars into the hands of financial entities at the top to save the economy.

Billions of dollars went to a few American companies, while millions of Americans watched the U.S. Government respond.

Why would the U.S. Government give “Billions” to a few companies for “Millions” of Americans ?

Wouldn’t it of made more sense to give “a million” to “millions of Americans.”

Wouldn’t it have been cheaper for the U.S. Government to give money to the American taxpayer ?

If there are between 212 and 220 million Americans wouldn’t it of been cheaper to give each American a million dollars than to give about “800 billion” to the companies suspected of losing all their money and plunging the global economy into Economic Armageddon

U.S. Government officials made the news to rescue the global economy by performing an economic plumbing job. The pipe patch was to give the companies money and to allow the money to “ trickle down to Americans.”

I’m still waiting for my trickle, like, no doubt, many Americans. According to friends, American banks still aren’t anxious to “open their purse strings.”

If Uncle Sam rushing in to “save” the U.S. Economy isn’t restoring confidence overall, then, perhaps, it is time to try an approach that helps everyone, from the bottom up.

Other Governments

If the U.S. Government doesn’t want to try the plan, then, there should be nothing to keep other governments from trying the plan of giving money to their citizens. Naturally, each government would have to look at the policy in light of their culture.

But, why wouldn’t giving a million dollars to citizens from 21 to 100 work ?

Worthless Currency

Ultimately, all currency is worthless because you can’t take it with you. Economic systems seem to work because people believe at some level they are backed up by something like gold and silver.

It is the belief that seems to keep the world economy working. FDR took the U.S., off the Gold Standard in the 1930s, so you can’t take a dollar into a U.S., bank and request a “dollar’s worth of gold.”

Still, it is our overall belief in an economic system that keep money flowing. The value of world currency fluctuates like a teenager’s wardrobe, but, even the poorest economies survive because of our overall belief in colored strips of paper and electronic digits flowing through the mystical financial system.

Yes, any government that okays giving a million dollars to citizens will feel the effects of other governments freaking out for a time, but, the overall global system will survive because of the international belief of people in currency, while other countries try to figure out how to evaluate a particular government’s currency.

The Challenge

Is there any real reason why giving American citizens a million dollars would not improve the Global Economy ?


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Written by samwarren55

June 3, 2010 at 4:55 AM

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