Neo Conservative and Arthur Ashe

By

Sampson I.M Onwuka

To define Neo-conservatives or Neo-Cons requires academic assessment and consensus of opinions. But this process of determination is purely and totally contextual and rely very little of past and historical precedent than anything. For how else could this be the happen? There are schools of political sciences that distribute their translation of the word conservative along the new and modern day reality of building a nation from several unrelated groups.

But this is not that easy to describe especially from the spectacle of the Greeks who vented their anger over a whole line of differences from one form to another. But for all intent of history and something else - how the world around translate their difficulties is an orientation to the statuesque.

The motivation is the law in understanding the Neo-Conservatives (Neo-Cons) and the outcomes are cultural relativism, the last two words - cultural-relativism is my definition of Neo-Conservative especially from African American perspective. Define U.S as a country, it is such an example and in particular - an example regarding a deliberate attempt to transform the lives of it's citizens and from those who lived under these conditions in time past.

It is meeting to discuss the small bracket of Neo-Cons from African American perspective from learned experiences of industrial giants such as Arthur Ashe who is an American conservative.

Arthur Ashe

Perhaps there is wisdom in drawing some blood from African scientist and teachers, Joseph L. Graves JR. (2001), for instance revising some basic perspectives on African American history, that for instance, "The presentation of Moors in Elizabethan drama before Othello consisted of only foolish or wicked characters. For example, there was Muly Harmet, the "Negro Moore" in George Peele's Battle of Alcazar (Ca.1588), probably the earliest Moor Villain; Aaron, the "barbarous Moore" in Shakespeare's Titus Andronicus (1593 - 1594); and Eleazar in Marlowe's Lust's Dominion (1599). These characters were used to fulfill the dramatic expectations of this period, whereby a man's color revealed his villainy." From this adapted disguise of the influence of social situation in drama situation, the book 'Emperor new cloths' elaborates on how the future is also past of the past, how the blood types of most African Americans are so mingled with others that the original Y genotypes are no longer visible.

Consider the controlling influence of these saying from a drama's standpoint, it becomes clear that characters that aid our visions on Africans and Africans in diaspora shift with age and with themes ranging from conservations such as Ashe, liberals, Democrat and Republicans - each, best able to define the age which attracted the largest vote from African Americans. Republicans for instance, attracted large African American following following the end of the Civil War by Abraham Lincoln - who was a Republican not a Democrat. Then the advent of the 1920's great depression led to the creation of Welfare and Social Security under FDR, that also yielded a large commitment from African Americans from the end of the Second World War till lately.

Was Martin Luther King a Neo-Con or not? Was Malcolm X a Neo-Con or not? The only way to understand this question is compare the early years of Malcom X and his influences compare it to the early influences of Martin Luther King, each accountable to their transition and transformational years, each divided by that experience of their past – or so it seems in their later years. 

But this is not the issue; we are trying to define Neo-con from the plural interpretation of Black theology and the lessons of Civil Rights Era and how two fronting disciplines at some point together at Harvard; Henry Louis Gates Jr., and Cornel West – both former members of the Black Panther group and each concerned about their own discipline and pursuit.

These men and perhaps other groups of interest elsewhere do not divide along the lines of political interest and Neo-Conservative or the Liberal; they help us understand how to persuade the African American society and the Country at large by the underlying principle of Neo-Conservative. 

We may have seen Pan Africanism leading to the age of Independence in Africa, may or may not have seen the cultural issue of Civil Rights America and New Deal which shifted the political weight of African Americans from Republican to Democrat, seen the voting rights issue and breaking down of certain institutions which survive the Civil Wars in United States. The Civil era was no doubt water shed, each shedding its meaning, 

Former Secretary of State Condoleeza Rice. A Neo-con?

Not likely.

But the issue of a nation and its people is a challenge for political scientist who decides how to shape the structure of the whole country and how several people/s of world could possibly lead their lives in one Country.  

It is experience that gives us law says Emerson, but from this experience and the sharing of independent opinions, we increase our chances of striking a balance. Experience leads us to determine the political structure of our society, how the fair and sometimes fatal play on reaching compromise lift a case to a whole new level especially for Neo-Cons.

By experience we make reference to the Lawn Tennis legend, Arthur Ashe, who is renowned especially for his last years attempt at overcoming an inevitable and at confronting a very serious public issue.

Recent intellectual discusses on Neo-Cons raise the need to question who is in fact a Neo-Con and what it is. These progressives in American Society or any society of the World lack the size and envelop theme necessary for being a political party, it is a “persuasion” says Irving Kristol, which from examples available to us lingers between reality and anti-capitalist agenda. It torches an American Agenda and its reason to exist. Since the advent of 9/11 incident in New York, it is responsible for advertising 

How persuasive is a persuasion? Arthur Ashe letter to his daughter Camera (1993), we read the following descript information and ultimate signing, that,

 “I may not be walking with you all the way, or even much of the way, as I walk with you now. Don’t be angry with me if I am not there in person, alive a well, when you need me. I would like nothing more than to be with you always. Do not feel sorry for me if I am gone. When we were together, I loved you deeply and you gave me so much happiness I can never repay you. Camera, wherever I am when you feel sick at heart and weary of life, or when you stumble and fall and don’t know if you can get up again, think of me. I will be watching and smiling and cheering you on.”  How persuasive it’s persuasion?

We can argue that there is nothing political about the above notions of farewell, there is an understanding that even from silence the levels of separation is not impregnable and like President Obama often say, ‘What holds us together is more than what separates us.’ The line may have arrived from Chinua Achebe and his Igbo proverbs, but in understanding the great demands of republic and how the republic aspire for the future can be reduced to the political institutions that now exist today, all of which are means and ways to forcing the gaps between the peoples of world and the nation into an envelope theory.

Why is neo-conservatism an opposite of melting pot? It is an opposite since the whole definition of the ‘persuasion’ can only be fully grasped from a fracture, that if a center or core exist, they exist by law and by circumstance which 

But this is closer to an inquiry than a thesis on reasonable subject for political scientist.  Since the advent of Iraqi invasion and the political triumphs of George Bush, this idea of a neo-con has received a staying power in the political framework of U.S. and has remained part of the American political corner stone. 

Late mayor of Detroit, C.A Young.

In his 1993 memoir, Arthur Ashe reasoned that the themes of leadership and the place of African American leaders evolve with a new definition for the American Society. In his words, “If American Society had the strength to do what should be done to ensure that justice prevails for all, then affirmative action would be exposed for what it is; an insult to the people it is intended to help. What I and others want is an equal chance, under one setoff rules, an on a tennis Court.” 

There is no doubt we recognize the need to force the hands of the government in breaking down some of the tough doors holding African Americans backwards or other Africans elsewhere, but Ashe’s argument suggest a leniency towards conservative African America approach, that he is perhaps outside the definition of Neo-Conservative in context of cultural relativism saving for the issue of personal pursuit which is determined by our past.

This past separating the experiences of Martin Luther King and Malcolm X sponsor a defense mechanism, establishes its priorities - our priority from fears (justifiable fears), which when estimated along the lines of the word priority and right to choice (discrimination) gives us the secular issues of voting and political party and the choice and conservative exercise of these laws created for us or by us.

In the words of Arthur Ashe, “Practically, affirmative action is probably necessary. But I would not want to know that I received a job simply because I am black. Affirmative action tends to undermine the spirit of individual initiative. Such is human nature; why struggle to succeed when you can have something for nothing?”  

Some recognition may be given to those who popular sources suggest to be pioneer in this political discourse, especially Irving Kristol, alumni on City College and a leader in men and ideas and how societies are shaped. There are others who could be compared directed with him but the idea of neo-con is elder to all the names living now including the nation itself. 

For a start, Abraham Lincoln is invoked all over the world for defining democracy – ‘Government of the people for people and by the people’.  The elective process of determining what’s left and what’s right in any society is also elder to Lincoln and his republican party. 

It is no child play and no child behind act to suggest that the elements of political identify suffices with the Republic and the Democrat or any comparative other, but the nature of any society, especially when they attain some level of stagnation of equilibrium trap like someone used in quantifying China at the turn of the last two century and how a group of English and French men managed to divide and conquer these empire with relative ease. In this case, the rate of growth in any society, either young or venerable is can be reduced to how they understand their society and above all, how act for changes. 

U.S for a start was founded with direct and possessing intent to end the inherited problems of European society; class, indentured servitude, forced imprisoned, slave and gender bias. The authors of the Constitution understood their society and what needed to be done, but the question is how to achieve it. How do they end slavery and class problems in U.S without facing off the English   

Arthur Ashe, “I like being reckless, as long as I was reckless only on the tennis court, as long as I won.”  Arthur Ashe.The opening page and acknowledgment to the book begins with the statement by Arnold Rampersad that Arthur Ashe that “Arthur Robert Ashe Jr., died of Pneumonia on the afternoon of Saturday, February 6th, 1993, at New York Hospital-Cornell Medical center, in Manhattan. He was buried the following Wednesday at Woodland Cemetery in Richmond, Virginia.” 

“If one’s reputation is a possession, then of all my possessions, my reputation means most to me. Nothing comes even close to it in importance. Now and then, I have wondered whether my reputation matters too much to me, but I can no more easily renounce my concern with what other people think of me than I can will myself to stop breathing. No matter what I do, or where or when I do it, I feel the eyes of other on me, judging me.”

On African American Society

  

“The problem of leadership continues to plague black America. The very fact that we speak of “leaders” and “role models” as much as we do tells of your lack of power and organization. No reasonably coherent body of people would think in terms of “leaders” and “role models”. Jewish American, for example do not have leaders and role models, as we define them, even though certain highly influential people are Jewish. But we depend on all sorts of blacks to be leaders and role models for the community. We even think of Athletes and ineffective record of Black power – young power in young people – vision, learning.”

S.O------On the question of Neo-Cons

 

“We are also afflicted, it seems to be, with the messiah complex, which is another sign that we as a people are wandering in the wilderness. I often think that if the blacks of Memphis had organized themselves properly, they would not have felt the need to send for Martin Luther King, Jr…THE Messiah – to help them with a local crisis involving garbage collectors. Then he would not have been killed, like a messiah, doing what others should have done for themselves.”

“I must also confess, although I know I may offend some people, that I did not fully share their passion for Malcolm X. I was fascinated his autobiography, but until his conversion following his pilgrimage to Mecca, I found him in other ways hard to accept. Having lived under white-imposed segregation, I was not about to deliver myself to the black – imposed segregation central to the Nation of Islam.”

“I think the Spike Lee motion picture, whatever one may think of it as cinematic art, gives a fairly rounded portrait of the man; and yet, in the world, Malcolm lives mainly as an embodiment of black rage at his defiance of Whites, and Martin Luther King, Jr., seems to have seems to have few followers or admires among those who admire Malcolm. It is as if King spoke only to Whites, Malcolm only to blacks”, who according to him seem to have genuine ideas or ideals….

“In this category I would place New Yorkers such as the Reverend Al Sharpton and Professor Leonard Jefferies. Such men may mean well but need to be challenged.” 

Al Sharpton defenses of Tawana Brawley.

Al Sharpton courtesy of the Blaze.

“Jefferies, the chair for nineteen years of the Department of Black Studies at City College of the City University of New York, represents to one the almost complete subversion of an intellect by race. His blanket, pseudo-scientific attacks on Whites and Jews in particular, are indefensible – and he himself has hardly defended them, since he has published virtually nothing of his own in his years as a professor at the college.”  

 
 Leonard Jefferies  @ City College, CUNY (melanindvd) 

…invited some people to his announcement and Defeat Aids

“Among those who came were then former mayor of Atlanta. Andrew Young and Douglas wilder when he was lieutenant – governor of Virginia.”

“Although Sharpton and others like him in the African American would gain the headlines. I am grateful for those other blacks who quietly prepare themselves to occupy positions of Authority and to represent all of us in a morally responsible way. I refer to talented, foresighted blacks such as Andrew Young, the former U.S ambassador to United Nations.

"Douglass Wilder the governor of Virginia; John Lewis, the former Civil rights worker, now a congressman from Georgia, Maxine Waters, the California congresswoman whose district includes many people tragically affected by the recent Los Angeles disturbances; Kurt Schmoke, the Mayor of Baltimore; Maynard Jackson, the Mayor of Atlanta; Willie Brown, the speaker of the California Assembly; Sharpe James, the Mayor of Newark; and David Dinkins, the Mayor of New York.”

Former Mayor of New York David Dinkins (fronpagemag.com)

“In many ways I am philosophically closest to Young, our temperaments also seems almost to mesh. An ordained minister, Young is a reconciler rather a divider of person; he is pragmatic in a way that apparently involves no compromise of principle."

 
 Andrew Young (Mayor of Atlanta 1982 - 1990)

 "True pragmatism, I believe, takes into account the moral consequences of an action. If the action leads to immorality, then one has not been genuinely pragmatic, merely opportunistic. And yet must be able to act. Speaking about the need to make decisions, Doug Wilder said to me once, “you have to be willing to pull the trigger.

First you have to think you are right, that “what you are doing is morally defensible, that it is good for the people you wish to help, The you have to be willing to pull the trigger.”

Douglass Wilder - Governor of Virginia ( )

“I like being reckless, as long as I was reckless only on tennis Court, and long as I won”

           

Robert Shilling and The Detroit question II

 


 



By

Sampson I.M Onwuka

When as Robert Shilling argued that the total resources based economy such as Real Estate is yielding more money usual, that the common sense approach to the cooling off the heat from the real estate profit was trying to distribute the associated risk. But for fact that irrational exuberance exhibited by the markets makes it impossible for the rest of to see the danger signs ahead, it is assumed that we continue to bait on the progress of the economy, continue to rely on profits from real estate even when there are no reasons to believe it, to believe that the prosperity especially when the building is over-priced, till losses set in and there is the bursting of what seem a bubble. 

The 2008 Phoenix was a classic example, that the buildings continued to pile up and prices rose in spite of what the market numbers are saying, and in spite of what the indexes (debt to earn) were saying, the market kept rising because everyone was money till there was a gap due to high cost of living and Phoenix and Los Angeles priced themselves out of the manufacturing businesses, the businesses gradually folded and relocated – most across the border where people paid 100 pesos a day and senior officers of these companies paid 150 pesos a day usually spent on food – and with these moves came the Jos losses in Phoenix and Los Angeles, then the credit default on the houses and then a collapse of a once burgeoning industry.  We are likely to maintain weaken the market rate. One of the ways you can stem the anemia in any market it to remove the boundary and lower tariffs. 

While there are interest groups that mitigate this profit, it is through a marriage of convenience between several nations taking interest in the United States or between its major Satellite states exercising and executing similar interest rates, through permitting the exchange rate at a scalable rate based on an equal and common consumptive item such as the Crude oil, or through other means that could levitate on the so called Cheap labor enjoyed by a seemingly poor nation to the rich. 

The Credit base measure between a Mexico, a Canada, and a United States, redeems the claim that these countries or in this direct measure, Mexico has cheaper labor than U.S. No they don’t. It seems that we can obtain a cheaper labor from Mexico or a less triumphalist second-third tier based market given the exchange rate. 

The main error is that the exchange rate is forced to depart the money terms involved, that it seems only the behavior of advanced psychology of money to predicate that labor and currency is to the least possible and to the least possible in numbers to obtain the required measure of the price pursued. 

The reasons why there is an influx of population from around the world to United States is not because of fancy restaurants and chickens, etc, it is because the labor is cheap and not the other way round. To generate money in say Russia using basic earnings routes in US will leave you perpetually poor – and worse off over a long period of time. Unless perhaps in Moscow which is the thumb in much of a third world Russia and have no shame with that. 

In Mexico, there is little life left for those who attempt the menial jobs in US that can sustain a family, even by comparison that you combine two jobs in Mexico and in China to prod, you are likely to struggle for much of it under the same jobs performed in the United States. In New York as they say, anything you do to obtain money – (others say decent thing you do) is good business. 


You can literally whip ass in New York and still make a comfortable living. To outsiders, washing toilet is bad business and not fitting for a man or woman with bachelors, but in US, you can raise your family washing toilet and bathrooms. This is the meaning of cheap labor that it resolves around the thing we may do for a living within cracking under it. 

Most Americans may be looking to do more compelling jobs and general leave the dead end jobs to others, but the beauty of all, is that an exchange rate (the market) corners the advantage of cheap return in one market in total different circumstances. 

The beauty of comparative advantage is that an equal measure of wealth from cheap labor is a function of price and price should generally reflect the market and the strength of your economy. It is now how expensive a building is that makes it good.  The issue of common will reveal how less attractive Mexico market will look when the currency is closer to base 1.

It is not how much you pay for an apartment that you rich. It is a product of the prevailing market conditions and barter between the two of you, but on the whole, when prices shoot ahead of the rate of local return within a sovereign demand and supply such as Austin with little support from elsewhere, your market actually sucks and you are doing badly. 

Case in point, in New York under Bloomberg, there was an abnormal increase in prices of building, which is not unlike New York but this case was different. The problem was that the City’s investment goals which included deliberately building model houses at deliberate cheap and ridiculous prices, forced the spike of houses to check its income tax prairie.   

The New Mayor planned from day one to execute 200 thousand new apartment with model statutes at a pre-priced rate and promised to recover the 300 thousand other apartment in the City, forced the prices to freeze and to some extent head downwards. Nothing has changed, what has happened Real estates controlled by a few companies and banks was delivered as an engine for immediate wealth acquisition to wealth from those comfortable with long term investment. 

These fixed income earners are not easily likely to lose their priced investment, to a point that the City was determined to use lottery to auction the building once completed. Such bids may seem unease but then there are more than one expect of the market which must be played out, one the Wall Street that believes that all prices must go up and now, and the Main Street that relapse to Bond market and random walk, for if the bond market on a four tie is not in the money due to high demands from the propagation of profit from housing, the Government may not be sufficient enough to redeem its bond. 

The market will be shooting above the crashing in other telling index, to a point that the institution that constitute 80% of the market will perpetually milk the small investment from the Americans who move their resources from savings to mutual funds or other resource based IRA account.        

 II


For sure, debt is debt and there are lots of them in any society that is based on Manufacturing, it is the very psychology of the Industrial Society; it’s very sickness.  But the lack of placement of interest and direction of resources for the City of Detroit and its Welfare…means that the City needs to borrow more money going forward. It needs to transform itself but going forward, it has incur the same problems since growth will attract more Americans and on. 

It may have to accommodate its importance along the lines of a City Reserve System which need to demarcate itself from Michigan if all possible (?).         

Cities may arrive this measure of distributed development by avoiding pitfalls which the City of Chicago was opulent in the 1900-1920’s and the City of New York from the turn of the 1800 where 5^th Avenue was one parallel long and dual dusty roads. The Major development in New York came with the Gilded Age but in keeping to the future market of their present condition, they reverted to City level investment with a view of sponsoring a rate of return commensurate to local demand. 

If the trick of rate of return and budget is the local market, it is a City’s opulence to International market that guarantees its staying power which beggars on Austin to promote its definition by charting the Index of products and companies based and chartered through the NAFTA agreement, including compliance of Bank denomination such NADBANK and lateral IBC, adding a small contingency of new created or older existing Banks with ALADI, CARICOME and perhaps MERCOSUR opulence. 

Clearly stated, the role of US oil and investment options through established Intellectual Properties and Oil dependent States is what defines Houston. But to the extent that an index is a public property and incorporates material cases of signatories pushing the gutter-barrier of clearly defined amount may encourage more cooperate business resonance between a Bogota, Mexico City, and the central states within the older and more familiar franchise. 

Majority of these companies acting in these far reaching South and North American States are placed through Banks in New York, given them international exposure. But there are other ways of defining a market which we cannot teach, for instance the short gap between NAFTA and the including proviso of a total North Atlantic Coalition means political future of more than stated in the 15 year NAFTA, leads to options of GATT, guarantees some chairs at NYC given the penetration of U.S Banks and Insurance companies, and provides the listed companies reasons to form estimates of the pricing – either Debt to earn ratio or the promise of future delivery within the lines of the CURB or a CBOE. 

What ended the problems of the Chicago was the stability that accompanied its CBOE and its overnight lending. In the opulence of NAFTA that pursues a future, it is only possible if profit or gains does not marginalize on American businesses in California and in Texas, which from spike in housing essentially force these major power houses out of the manufacturing equation. 

It seems that Texas with over 2 trillion reverse net gains is higher pedestal than Mexico and that California is just higher. It must nonetheless be mentioned that these gains are removed in dollar terms which is the operational single currency of the United States. It is not easy to explicate that Mexico on a whole may be doing better than either State but in so far as the economic future of both Mexico and the United States, there is exception to accountability which the Index can provision and when the questions of overnight lending may prove to perpetuate long term the varying no border rules for businesses taking advantage of Cheap labor. 

If this gap is tamed, we experience long term a comparison between Texas, New Mexico, California and Mexico, whereas these States are integral part of the business interest of the Northern counterparts does not follow that these are the same in any class of business respect. To the point that the whole sale business successes enjoyed by Mexico in the last returning 15 years or at least since the inception of NAFTA, is largely due to the collapse of California and some other States struggling to survive that Texas proved an exception to differ, yet Mexico was all the more the reasons. 

Lending a pair of interpretive discourses from the problems encountered in the North and in many parts of United States up to 2008 and beginning with the coming of the EU in 1999 and the launching of Archipelago in 2003, it seems that the North experienced heavy emphasis on buildings due to the cornered attention from Europe and littoral of monetary emphasis which the bipedal money function of the Dollars to the Euro obtained, leading to places to stash the paper currency. 

It is financial to court the developments that come with industrial boom, especially real estate which is only one aspect of the economy – that when we notice more emphasis on houses, there is suggesting that money is flowing from elsewhere without correlation to local returns (danger mark), that there is nothing really going in that economy or within the sovereign demand and supply – (the consideration), that investors may seem comfortable with long term investment in such environment but may also be looking at an environment that is shaky on the plausibility of wealth from savings to mutual funds where institutional trading as a hedge for future take a misdiagnosed direction. 

The Catch 22 here is that the shift from all investment consideration to housing is not exactly a sign on prosperity and progress, it is a faint indication of an economy that was running on One Engine, for instance Austin, Texas.   

 

There is growth and maintenance and from taxes, that a Capitol City may derive from, but Capitol Cities without growth in general State is a few step backwards. For all argument, the rest of the world is not waiting for U.S cities to move green, they are looking to replace the First World and are honestly looking to hear, ‘we’ve done what we can’. 

 Austin is well positioned however to chart a different future as an example to all leading Cities in the country and in the world. It is a City that is surrounded by the fortune of natural resources and has successfully wrestled privateers from allocation that is outside their tiers. But this is only possible using Federal Charter and there are other State Capitol that has done similar deeds for its region and it’s State. As a region and under the protectorate cloak of Texas, the capital City is a regional force but for all intent, Dallas ranks higher, Dallas is a commissioned Federal Reserve and the Labor Commission administering the NADBANK is based in San Antonio and not in Austin.

 But this obvious disadvantage is the coming reason why a North Atlantic Charter has meaning in the region through Texas and from all informed class of respect, Austin as a leading candidate. It is past due to surmise that capital cities are not usually business cities, but a capitol city that is approaching a million and the luxury expansion it is a Federal contender for Indexes since it is independent of pressure. 

Anyone familiar with San Antonio and Austin will suggest that San Antonio on the surface is broken and less compellingly than Austin, but from all equal measures of the Market, San Antonio is a stronger and perhaps richer economy. Here’s why? The future estimate of any useful investment option is based on how well and easy it can transform the lives of new companies from small based start-up to at least recognizable Small Scale business by American Standard, and how well, these small businesses move to Mid-Size companies and the duration for its maturation as an American Conglomerates. 

The Second to size the weight of a market with future investment grade is how well its older companies are surviving, that as much the Debt is a two-face measure of Companies bottom line, it is returns on the investment by these Super Class companies that gives a fresh measure of the staying power of the existing economic base. 

The third is perhaps the most powerful – which is the extent to which individual companies and market based assurance can be obtained when a breach is reached. In New York for instance all monies owed as subject to scrutiny but when proved as judicially owed and considered money that must be remitted to the individuals in spite of it all, unless there is the so-called acts of God, which in New York persuade for the payment until the last penny. 

The same plays out in Switzerland that all monies owed – including from all referable and non-disclosed sources are beyond the confiscation of any State and any group in Switzerland, and New York if not Chicago pursue the same policies. Should a State – for instance Austin with little but expanding Public Storage (Treasury) can perpetuate this holding, it levitates on the quality of the market and measures the weight of international pressures such as IMF and Basel I-III against established local foundations. Based on the first two, it is common sense to affirm that San Antonio is a higher economic climate than Austin, that building presently underway in San Antonio is not really a blessing but a cause. 

There is hardly part of Texas where small business more support than San Antonio, majority of these companies arrived vivendi the South America, may not fully known given the short falls of Ship industries and business but may be due maturity in the lending 15-20 years – a healthy investment measure given the longevity and comfort of Real Estate investment. There are more houses are much cheaper rate meaning of high value than Austin, but unlike Austin, U.S laws are not well protected and the progress of the business are therefore secondary. 

In this guise, a consensus of what really determines a business vitae for indexing, for these named association performing in the States through the North American and South America by the vetoes of NAFTA and associate are products of the definition which Austin may offer. Austin as Capitol City must generate its own investment returns leading to the comparative advantage to other parts of world, where for instance the dying façade of the Monroe Doctrine may have lived its better days on a proven plateau far from the ‘Satanic mills’ of Nogales with over 400 thousand arrivals from 40 thousand in 1995 where laws are still not at ease.

     

Phoenix Arizona suffer from price escalation, so also Los Angeles, so also Austin, may be fated to other problems of North Atlantic market and NAFTA, may have started with the ingenious tectonic shift from the Agro-basic economies of California triumphant on mainly the resource based industries, was meant to tether on the verge of success and was among the hardest hit during the 2008 financial melt-down, which I once described as a kamikaze. 

Robert Shilling and The Detroit question….

September 24th, 2014 

  By

Sampson I.M Onwuka



 

The Beginning of the Detroit Question should not be on why the City failed but how it failed. It should incorporate the impact of strategic starvation which the least conscionable indigence of Michigan is likely to discover, that it tends to pattern out the argument that accountability is Detroit’s ultimate problems and the problems of growing an economy goes beyond Government spending, for sure, International Economies or what they may call External Economies of Scale deal a great hand. 

If Detroit entertains any hopes of returning to an International Standard, it should answer its own question through a bifurcating of its status of Detroit as City in Michigan to a City that account for itself of a larger sea of World Market and not just in production possibility but in banking and Insurance.  It should be willing to rent its economic landscape to nations outside those of Europe. 

To sponsor an U.S interest in the environment, the case of the Study of the City consider its definition as a demand and supply within Demand and Supply.  The drug rackets in the City and not much else in Michigan is not by accident, poor and struggling Cities such as Detroit is usually a pool for International Drug money, as such the Police should not looking to over the current problems without increasing its numbers and without integrating the State Police. This does not mean take over. 

There is no doubt that tight credits and austerity measures which is now applied, is designed to balance the budget, but like many economist R.T Naylor and Joseph Stieglitz have argued separately that undue austerity and lack of funding and lending exercises, usually stymie long term investment interest of business communities and companies or individuals with business capacities. 

They also mentioned that most government usually resort to creation of bonds and in the place of relieving the economy of the shortfalls of economic growth, it creates the problem of fiscal management and tax concessions.

Above all, we have to consider the face of U.S military in Detroit, that the U.S military manufacturing is relatively flat and that farm and pay role taxes gives us an idea of a state that is still not very serious in promoting business from within Detroit. He mentioned that President Richard Nixon proposed “Family Assistance plan would introduced a “negative income tax” – a guaranteed minimum income for all.” 

It would have eliminated specific disincentives to work and made unnecessary a welfare bureaucracy to determine eligibility and monitor compliance.”

Negative income tax faded…

Detroit with 18% unemployment is an economic depression. There is no denying that Banks have a lot to do with the crisis in these areas, not only for Debt which pass from one Debt Collector to another but for been able to repackage...U.S economy for Neo-Hamiltonian transformation; (a) " A wartime income tax" , (2) "large-scale borrowing and debt security issuance in excess of $2.5 billion" (3) "a new national banking system" (4) "a massive expansion of the currency and a shift from Gold to paper money - the famous greenbacks" 

For all we know, Atlanta was the center of Americas Federal operations and the creation of the Hartsfield Airport which is supposedly the largest airport in the world employed up to 30 000 persons in 1981 alone and approached a billion dollars of payment to these workers. 

In essence, it took a powerful of cooperation of the State of Georgia and the ambiance of Jimmy Carter to make at least a demanding expect of overnight miracle to be possible. It seems that in other to compare the Detroit Question to the questions of Atlanta, we may consider the transition strategies employed by these other Mayors, and why then and as much now, the Ghost of C.A Young still hunt the streets of Detroit.

 In numbers; both in projects and in voting blocks, and in number; both in negative aversion of poverty and the culture of prosperity from the economic challenges, there is no formal estimate of the gaps between the largely black community in Detroit and the State of Michigan that simply would not take part in that economy. 

For it seems that the rest of Michigan has no fared any worse but from experience of Baltimore and Maryland and neglect of the Baltimore which has managed to barely hang in there, we can draw the first blood from Detroit Question that perhaps Michael Moore was not wrong, that it was not for lack trying that Detroit has constituted a problem that it was the greater portion of the blame should be placed on the State which looked at Baltimore as a town no more than what is was, a black land economic environment synthesized from larger and constituted state.

 But the prove of the riddle is the knowing, and by that we look at the failure of Young himself to adequately train the young Black Generation of his time, many of whom were indeed struggling but would have done better than the  current issue of ‘functional illiteracy’. 

It is not to be missed that hate that the years of separation and economic apartheid which may have resulted from protected economies in Michigan as from Europe created, to the end that even Federal and State projects were awarded to common interest others, who were set above the sea of blacks and Indians. 

But again in the year of 2013, as the instances of the problems regarding a Black Crowd without adequate financial institutions such as Banks and Insurance companies, there is a recalling of the older years when finances followed one economic pathway.

               

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 "The interest rate-of-return rule, in the form here considered, would adopt any project, whose interval rate is greater than the market rate of interest." Jack Hirshleifer

"The Internal rate for a project in the general case is defined as that discounting rate P which reduces the stream of net returns associated with the project to a present value of Zero (Or, equivalently, which makes the discounted value of the associates cost stream equal to the discounted value of the receipt its stream)...."

"Three solution zones for differing borrowing and lending rates suggest embraces and departures...."

 'The crucial question as always, for these rules is what rate if discount to use. intuition tells us that the rate representing 'marginal' borrowing cost should be used as the discount rate for zone I solutions, since production investment will then be carried just to the point justified by the cost of the associated increment of borrowing. That is, the slope same as the slope of the productive opportunity curve at the corresponding point (R) connected by market curve"

Discount rate to be used in advance is independent of the utility time preference...function. It leads to the adverse case of discontinuity and infinite

(2) Problems of present-value or internal-rate-of-return rules, should be based on lending or lending rates, it should correlate a bias of tangent as the base of series of borrowing points. 

It can only travel so far, that the marginal lending rate at the present would only probably infinitely multiply if based Internal-rate of return, fails when there are multiple tangencies or single (invariant) productive possibility where are Jack Hirshleifer argues that "Both rules work only in a formal situation when the solution involves direct tangent between a productive opportunity locus and a utility isoquant, since the discount rate necessary for us of both rules is the marginal opportunity rate - a product of the analysis." ....that is if we put in the incident of non-independent investment opportunities such as Insurance...

  

Multitasking-equal to distribution of rate.... (Division of Labor) - Within parts of 'interest rate' - activity constructs ......DNA of economics. Price ceiling…increasing marginal cost to borrowing is an experimental value and it involves 'capital rationing' 'fixed capital budgets', that is each additional borrowing incurs reset...which increases the bump speed of default, for instance the Detroit case.

Taken from first through third degrees of Debt, we may consider that (1) income capacities of any nation or household is not the same as actual earnings any given duration.  (2) That the expected returns of investment is no guarantee that objectives are met at any given time and for that (3) investments are equal to debt or earnings not already had. (4) That therefore Welfare is an emergency exercise which only insures that marginal expenses of a given economic environment meets the upper end of year on year yield. 

From such loftily, the rising indicia of theorem that Utility should be placed in such a way as to assure momentum is reserved for the contraction between the Micro and Macroeconomics, which is Distribution. It may also levitate on the power and central role of a Federal Reserve System, which in spite of the Bonds created for the Public and by the elected Public should best meet the demands of any such public investment, to the degree that the penetration of the distributive beta, flogs down inflation, to the point that the possibilities of economic growth is beyond the capacitance of a seating government or the littoral of a private to public individual or institution, that the market structure and function with due respect to prices is best reflected through the shift of emphasis from bond market to price hence a distributive function of time.

Total expenditures and savings should not give us an idea of total income but should demonstrate a rate of return which may in likely serve as the basis of a real economic comparison. (5) Equilibrium is only possible when all functions of utility is met and demand equal supply (5) Disequilibrium should therefore represent a descriptive state which involves the independent variables of natural disaster and emergent condition, to the degree that Micro Equilibrium of appropriating the emergencies through a rate of rate can also incur problems of micro-disequilibrium, especially the information and the size of the incident is not exactly known. 

In the end, (6) micro-disequilibrium is perhaps a false bias on the probabilities associated with accommodating disasters or other problem of disequilibrium such as income (equilibrium) without adequate insurance (health plan), which is the sickness of many Blacks and minorities, which may also be constituted as savings from direct employment or liquidity reduced to any form of income, and which however is still considered outside the expectations of a normal market. (7) Micro-disequilibrium is equal to Insurance provisions or at least inversely related to individual income and interest, that (8) Macro-disequilibrium is based on the overall                

it is kindly to increase the understanding that equilibrium has little real life applications and may in fact be called an instrument but not necessary a rule in money and in any economy. The emphasis on large pictures during investment is completely discouraged in all classes on money management, even if this was a short term thing and not particularly a long term thing. 

In terms of say a big City or State spending, there is no end to the argument that a relationship exist between a third world market and a first world, since a third world economy is primarily concerned with one picture and may therefore place emphasis on this picture and nothing else and the end result is that when a given environment is affected, to the degree that the      

“The probability of achieving some outcomes will not be substantially changed by reallocating resources, while others are extremely sensitive to changes in the resources allocation level”

Case Study in Decision Making….

The agreement that a decision is needed (2) Situation assessment (3) Choosing from various alternatives (4) taking actions (A)   Awareness (b) Design (d) Choice (D) Action

Decision making involves evaluation, usually applied with due respect to accurate information in order to eliminate uncertainty (b) Probability emerges when there is uncertainty and only useful with uncertainty and therefore insubordinate to certainties such as quotes and independent variables.  That is between the non-evaluation research (1) independent variable of ‘more money’ should lead to mores citizens demanding more and it is therefore a dependent variable.

Evaluation research involves independent variables; cause; > A, B, C achieve objectives (x, y, z) which are the effects.

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It is not how much you pay for an apartment that you rich. It is a product of the prevailing market conditions and barter between the two of you, but on the whole, when prices shoot ahead of the rate of local return within a sovereign demand and supply such as Austin with little support from elsewhere, your market actually sucks and you are doing badly. Case in point, in New York under Bloomberg, there was an abnormal increase in prices of building, which is not unlike New York but this case was different. 

The problem was that the City’s investment goals which included deliberately building model houses at deliberate cheap and ridiculous prices, forced the spike of houses to check its income tax prairie.  The New Mayor planned from day one to execute 200 thousand new apartment with model statutes at a pre-priced rate and promised to recover the 300 thousand other apartment in the City, forced the prices to freeze and to some extent head downwards. 

Nothing has changed, what has happened Real estates controlled by a few companies and banks was delivered as an engine for immediate wealth acquisition to wealth from those comfortable with long term investment. 

These fixed income earners are not easily likely to lose their priced investment, to a point that the City was determined to use lottery to auction the building once completed. Such bids may seem unease but then there are more than one expect of the market which must be played out, one the Wall Street that believes that all prices must go up and now, and the Main Street that relapse to Bond market and random walk, for if the bond market on a four tie is not in the money due to high demands from the propagation of profit from housing, the Government may not be sufficient enough to redeem its bond. 

The market will be shooting above the crashing in other telling index, to a point that the institution that constitute 80% of the market will perpetually milk the small investment from the Americans who move their resources from savings to mutual funds or other resource based IRA account.        

John Cassidy (2009) in his book ‘How Markets Fail’ tells us a story about this housing bubble in New York and about the NASDAQ. That in researching his book, that we went to see his friend by name Richard Dallow in Long Island whose families has been in Real Estate business since 1951 and he showed but expressed surprise that ‘…home prices had defied the NASDAQ crash of 2000, the economic recession of 2001, and aftermath of 9/11’, it was not easy to link the digested breakdown of U.S financial regulation with changes at the market place.  

If there is any link between what was happening at the market and what was happening to the Real Estate, it would have found time to materialize in discouraging investment from outside.  But the hot money from International Market continued unabated and the hot Crude oil spike which bifurcated The Euro created problems for George Bush and there was hardly anything Americans were able to do since the higher the price….We are interested in the impact of European Economy and how it finds its way into the Americans, we are also looking at the trouble that Americans are generally exposed when there are short falls in the Market such as housing. 

But the reserve index of high and ballooning house prices are often a précis for larger problems elsewhere, and we mentioned the incident of the 2008 market expansion at the same the Feds were contracting, that the market rates were far ahead of the estimates and a burst was hardly avoidable.

If we show that lack of subways in Detroit was perhaps part of that ambitious confidence that the town would have belonged to a group, it is not intended to reprieve the past mayors and governors for failure to adjust to the same momentum that was evident in the Chicago and Milwaukee. These areas may have benefited from their mass transit, may have benefited from their railroads and Amtrak, but may also succumb to the pressures of economics reliance on a city where if not for the sustained interest on the International society of a place such as Chicago which has kept up its growth and which now mounted by its 3.6 million residents. 

It does not means that the categorical separation of size between Chicago as at 19th century with close to 600, 000 and Detroit of 60, 000, should suggest that the rise of Detroit’s numbers in the decades leading to the World War II to almost the same number as Chicago – if not exceeding it, brought bring in the problems of migrations. 

Rather we rear-view this period with emphasis on what drew people to the town in the first place, that it was jobs from the facts that Michigan may have rich in other things but was like Missouri not exactly well developed and from International meaning of the City of Detroit, Michigan joined the elite class. 

There is therefore pretending that the poor performance of Mayors after the 1970, was not so much a problem of land and space which in terms of Bohm Bowark, whets the appetite on the probably recipe for recovery, that rise and financial reconnaissance of Detroit existed from the position of ‘loanable funds theory’ where securities without respect to ‘stock’ and usually a mean for International Markets, reverts to the ‘flow’ the second bias associated with ‘exponential smoothing’ the capi within the range and therefore within the long term Investment Category. 

The obverse interpretation of this kind of linear progression is not that dissimilar from the Neutral and no risk, a form of capital on capital on the large and guaranteed gains with even the slightest augmentations of even the nearer 1-2%.  This financial oligarchy measures the predetermined causes and effects in any given market, and in spite of the bets that will accrues from a Motor industries, it is the ‘flow’, the securities, and the eventually the Credits of business and the company that spills from Banks and over to Wall Street. 

Cycles as cycles go is no more than what is, a problem that was not unlikely to have arisen from a labor intensive capital markets, for sure, there was no way of denying that the loop regression mean for labor as prices grow, will not yield a regression or a concavity from the price and demand convertible, that a small shift from any levels of the equilibrium as for instance the great demands of the War years, that equilibrium of those decades will not maintained, will shift to demand and therefore combined results from price, and will in end, lead to a form unstable equilibrium interspersed by disequilibrium.  

We can suggest that if there is a certain form of brag index that is not an isolated term but index of numbers, we regard that Misery Index which in spite of Schumpeter nowadays eat ups every other information on Detroit in the decades following the World War II till recently, that it is not to be missed that those who controlled Detroit’s ‘loanable funds’ where probably handpicked by financial Cabals and by moguls of import, and by family Thrust and Foundations, either going far back to the Gilded Age or the era of their sons and daughters, that these financiers either from US North here or from Europe, were perhaps a deciding influence on the formative financial institutions of Detroit.

If there are other investment groups that meant anything it will certainly be the group associated with the Pension management, these group needed the added growth and addition of workers to make the returns of their investment of certain guarantee. These financial tigers needed the added garments of local guarantees and going by the way businesses were done in the 19th centuries, there was the issue of implied psychological velocity delivered through the consciousness of class – however immoderate - and perhaps racial parity as reduced to the state of majority.

By all comparison, we may note that the issue of credit or securities and therefore debt is really closest to the State of Michigan as whole and in active part; it was debts and securities that determined the expansionary clauses of Industries under the tilt of Detroit and workers under the belt of the Industrial Giants. 

The equation of land to production is disservice to the envelope circumstance of the price and labor of Detroit, since when Demand rises, there is a new expansion necessity, and the expansion on a prefigured or preferred market or stock, do not always migrate from ‘flow’ in linear one crop industry. It was therefore ridden to compulsive buyers attitude to the trade fairs as directly opposed to product delivery in a place such as Detroit, but the consideration of Credit worth and the qualifications that is partner with makes it impossible for disequilibrium to make sense or to count since the estimate of one value in Detroit will be determined by the governing dynamics in Detroit and it was to be measured along the ‘gamma’ or quanta of a production to labor. 

The transition of isoquants from vitae to another is best gauged from cost to production – that turning the  labor to production curve to the right, which is usually y, and by implication, it needs loading force almost equal to the number of industries. Here the Angels of the business or industry would be as good as they come in choosing who has a future in a debt ridden industry and who has not. 

The indefatigable obstacle of race or forbidden social rancor over others may have resulted from the scarcity of work, since labor in a direct to base to City such as Detroit was ultimately an institution. 

There is no doubt in the aftermarket placement of a say Ford Cars at Wall Street does not revive the disequilibrium, but to the degree that individual choice as equal to one or one extreme, does not count in an industry based society or City like Detroit, - which the likes of Karl Max inveighed against, only lead to the near inevitable conclusion that it was the Industry that decided for the workers. 

The point is best observed by the controlling influence and resistance of 33, 000 Auto worker for instance that worked out of their work than allow 4 blacks to enter the market as co-workers. It would mean to count that the possibility of others sharing other opinions otherwise the presenting case of numbered workers, would have mattered going by the guarantee of Credit which the Company enjoyed and which in pretense of a class enjoyed over others such loyalty is assured.  

This rank and file conditions prove serious cog in the wheels on integration that at the penetration of the Society aghast the Welfare and the voting rights, it shattered both for Blacks and Whites, the bounding tie of their peculiar interests.

This should be made to perhaps fit the conditions subordinate to a cycle or perhaps a business cycle, that sales are made and money made in any vector quantity of either linear regression of labor to product or demand, or the multiple regression associated with price as from Internal rate of Return as rate of return is conserved by the oddity of national rate of return as for instance Interest Rate. 

The poor argument is that the conspicuous shift in gaps associated with say pension is said to revert to the mean of Interest Rate going forward, to the degree that the material value of a product or a state of economy going forward is usually a shed from the present value. The theme of continuum from a Frank Knights limited options as well discoursed by Walfras and as well buttressed Bohn Bowerk, is such that present demands of past value is always a higher price and present demand of future prices such as Inflation etc, is always a better and higher option therefore discount rates are marketable options. 

This will only satisfy the demands of a Walfrasian bi-polar equation separating price which has no history hence a victim of liquidity or within the precinct of ‘liquidity preference’ theory from the scalar more preserved trend based ‘Loanable Funds’ theory in spite of the seasons.   

If J.R Hicks (Value and Capital 1948, p.154 -155, 160 – 162) argued that the two similar components are probably the same and may be reduced to ‘convenience’ it is missing point about the evolutionary market construct, that one may seem like the other only in so far the ‘I’ for individual choice is not satisfied or obeyed in Von Neumann-Morgenstern utility functions, where the individual is more a less a quadratic of his or interest within the four cardinal points of consumption….Hicks would have scored several points in Detroit has he showed that in Industrial based economy reaching optimum end, there is the total absence of individual choices with ‘flow’ based  charts and therefore a disparity exist between for instance a ‘stock’ based ‘liquidity’ driven Chicago from a ‘flow’ based ‘securities’ Detroit or in comparison, the Silicon Valley.

Joseph Conrad adapting himself to Klein tends to accept Hick’s equilibrium that both ‘cash’ and ‘securities’ may not necessarily determine for instance rate of interest. And according to him, this rate “will have been determined already in the supply-demand equations for good and services. What the “cash” equation (or, alternatively, the “securities” equation) adds is not a determination of the rate of interest, but determination of the absolute level of prices in terms of the numeraire system.” Conrad went on to discuss ‘Notes on “stocks and flows”, in monetary interest Theory’, by William Fellner and H.M Somers as they appeared in the Review of Economics and Statistics, where these two argued from the standpoint of alternative economic pricing and monetary policies.

There are several models which may be employed in any depression economy, one of Ramsey Model, which emphasized the ‘quality of capital’ suggested after Frank Knight and Frank Ramsey where the existing buying power of the currency either through accumulation or a function of the existing market, may widen the investment choice of the entrepreneur and the arguments which feeds from this is that the width between the FEDs rate and the power parity of the Capital Funds markets may be narrowed with due respect to the ‘quality of capital’. 

From a wide angel, it may seem to suggest that rates and prices are not exactly correlative, and their emphasis on ‘quality of capital’ leads to investment decision function based on necessity of the income class, that is income over capital (?).  The second monetary model or demand model is called Keynesian Model, which has to do with the classic ‘quantity of investment’, that is market growth is primarily driven by Investment. This kind of model requires what we have mentioned earlier, precise and direct Government involvement. There is no doubt that the economic resurgence of any market and the primary interest of any economy is to grow the market. 

How does the market grow, or at least how do we grow the economy? In some sense, the practically application of John Keynes theories, goes the longer distance of enabling the society to meet short term goals, that is by injecting money into the system and particularly in the structural ends of the system, we may seem to force the consumer confidence to spike and as a result there is increase in spending and there is demand for employment. 

Of course we cannot challenge these two active models, although the Ramsey Model point to economic forecast and Ways and Means of reducing the shocks in the system, that is if Shocks occur, it may not be a surprise and there is a long term normal condition of the business associated with ‘quality of capital’. In every way we look at it, it is the Banks that end of benefiting and in reaction to the improvement necessary for a society; there is nowhere ‘quality of capital’ will save a depression economy or any market in the slump. 

There is a better application of the near classic model of Ramsey and Knight, and it may have to be useful in a third world or what we call International Market, which is determined at times by its emphasis on one or two natural resources, and may prove itself useful when there is the need to move a City into new avenues of prosperity respecting the Normal bias of the given demand and supply.

We improve on Keynes model as a model that is preferred in emergency when measured in the context of Ramsey, the natural condition of human society it exist by measure one of inevitable cycles, and that each with the beginning of each cycles welcomes is heralded by an era of easy money and a period of relative relaxation of credit. 

With this period, there is growth since the general business of growth involves  a future, what seems to have worked today will in future face a certain decay, that a building erected is from auction date half the life and for that investment rise as well as societies, and they also slump for other reasons going forward. There are times that changes in any society exceeds normal bias, and then the period of high activity for instance a sharp but not Tangential uptake in any graph and for no apparent reasons, usually face south even before the end of the trading day. 

These movements are sometimes caused by negative externality and economist label it shocks. It is shocks, part human, part other that create the ‘range’ of activity, and from shocks we measure volatility and from volatility we form estimates of market performance or what in graph network is also known as ‘variance’.  For that period of depression, at least of general level is usually an indication of structural decay which is different from time related decay also called the death or end of a market cycle.   

And here on, the economy struggles from old age and needs to find new Ways and Means of doing business or at least tear down the rotten structures or renovate existing ones. This kind of classic problem is usually shifted to Structures and/or Technological assessment that alters existing forms of equilibrium. Such decay may also be a product of Equilibrium arrived in any market, though the micro, macro and distributed approaches to modern markets leads and renews the argument that Equilibrium is achieved – though logically – as Debt or Investment to demand, Ceteris Paribus. 

But from the Plateau achieved in certain markets for instance Silver transitioning to Gold in 1870 and the World burst and  the Depression that followed beginning in what we historically identify as the Vicksburg train incident and the two American generals in Georgia, it meets be mentioned that Fischer Blacks theoretical on consistent disequilibrium requiring new input from the Central Banking as no different from central organizing bodies, on which Milton Friedman (proponent of cash injection) inveighed against citing an older argument by 19th century Historian whose similar argument is ameliorated in Fisher Blacks supposedly inculcated assumptions that the nature of world market is constantly in disequilibrium.

But such theoretical about Disequilibrium measures the that supposed shift from the center as a shift associated with spinning out of orbit leading to no man’s land, whereas Equilibrium is meant to have achieved with due respect to central organizing orbit….Such misinterpretation would not have logically explicated the problems of Stagflation associated with deaths in equilibrium or periods in Cycles, since it seems clear or at least plausible that General Equilibrium is to infinity making it clear that Equilibrium is relative to external factors (the opposite as measured from Michael Phelps opposition to Phillip’s Curve is that no market is that Homogenous or self-repairing), and without externalities is Equilibrium unredeemed by value and is generally a Behavioral Plateau as in 1929 crash, which is heralded by disinflation and depleted aggregate demand, and possibly a descent or an implosion like foreign currencies without low to high interest rates. 

The consistent structure of general disequilibrium is consistent problem of unemployment or underemployed, however well Hicks who is one my favorite economics or Piguo with due respect to Welfare delimits hiring from the Intermediate Path of higher skills demands, disequilibrium is not in this case directly linked to Equilibrium, and Equilibrium is   For that the Keynes Model – prone to liquidity and taxes hence the ‘Liquidity Theory’ - would be an important instrument in forcing the economy to bounce back or close a gap in the economy or achieve equilibrium. The immediate impact of Keynes theories made it quite popular and is applied from nearly every corner global macro…

But from sources available, Keynes Model for economic recoveries is not always the answer and when we begin to trickle down from general to specific areas of any market, the narrow gaps between the three major models give way and Keynes liquidity measures may actually prove a disaster.  Debts are one area that we may not take for granted in gauging the success and triumphs associated with Keynes, the other is not exactly different from Debt and it is Securities, especially when there is a spike in mergers and when there are international conglomerate.  

 It is considerably accurate that Obama’s assistance of Automobile industries proved a lot of harvest, but the total wealth of the Ford Industries for instance or General Motors as the case may be were not blimps on the world markets, the large wealth that gave weight and meaning to Ford and General Motors were shocked to volatile disasters by the strategic depression of their investment options and shares at the automobile industries which exiting of these companies to Mexico with Pathways to North America essentially provisioned for. 

If for one, a company’s stock is for instance $200 a share, and during the disasters of 2007 and 2008 – which was really a panic - and the company suffered reversals mitigating a shed of 90% value of their companies’ stocks, we may be looking at a free fall from $200 to about $20 a share. Some would argue that the opportunity to enhance investment is therefore for any income case, but then the Shadow Banking of pulling a mutual fund from company’s balance sheet and exiting a company’s toxic assets will force a direct slump of the shares. 

To the degree that Banks played substantial roles in jerking the systems to its knees, prove of that is that the total amount of Americans who form a quorum of Wall Street Investment is about 20% and the rest of the resources at the Wall Street are usually fed from institutional traders. By that as we shall eagerly examine, the 2008 crisis may have started with Debts and the 1.5 Interbank Libor gaps,  in 2008, but it widened to a large extent only by one possible kind of action, the Banks.

Of course the themes from liquidity driven market Depression away is different for the circumstance that warrant the Depression or Crisis driven by Debt and Securities. For instance the last economic melt- down was in many ways than one, a form of credit and a crisis of securities. To restore the health of the economy, the FEDs and the combined efforts of the U.S Treasury, had to stem the tide of damage by providing a balance sheet for Banks that were considered ‘Too Big to Fail’ and the total amount made available to forestall the damages to Banks was in the tune of $10 trillion, excluding the resources from Europe. 

There is no doubt that Debt Crisis hurt businesses, but it seems that providing $700 billion for the economy was not match for the Trillions to stabilize the Banks. The returns of that investment was somewhere between 14 trillion on the mark to 16 trillion for projected earnings. In reality, there is a mistake about a place such as Detroit, with much of the money thrown to the City as a way to keep the market going, rather, we may occupy the minds of all asunder with the problems of Security and Amortization of Real Estate and the problems of Savings which the Citizens do not really have. 

How can we make magic the outcome of the society that was mainly and ultimately based on the production of durable goods to meet equilibrium at national level when the rate of returns of Detroit and the conforming savings gap is well below the national average? 

The Third model is called ‘Swedish Model’ which emphasizes ‘Quality of Savings and Investment’, and for common reasons of the evolution of these schools, it is advisable to retain ‘Savings’ along with ‘Investment’ which within which is a metered contrast to Von Mises and nowhere dissimilar to August Hayek who emphatically considered Savings as a form of Investment, which others - particular Fisher reduced to a prove of income + consumption, and from which Joseph Schumpeter proposed the idea of necessity or demand, that a new necessity should warrant constant investment as production equals demand, else, savings over time will suffer from Inflation and then worthlessness. 

Although Schumpeter argued along the lines Von Mises that a consensus of value is better achieved through a measure of gold, torching also the inflation that whipped off savings in Europe at the end of the 19th century, he entered the Adam Smith and Leonard Wafras argument that money was currency labor and (). 

But the rate at which Gold is measured as money was proved old age after World War I, part of the reason being that money in so far as product for cash society is concerned –, even as defined by Karl Marx -, and money respecting utility is entirely futuristic. 

From productive curve, the Third Model is the Sweden Model which is also the ‘Loanable Funds Model’ and emphasizes would be placed on ‘Eugene Von Bohm Bowerk’ and the punctuated production estimate and in the attention given to electric industries, we may sponsor a kind of comparative analyses between California electric car industries from 1990 through 1996, a kindly measure of what is expected on the efforts by current administration, and what Roles the Banks and Federal Reserve can play in not only restricting Detroit but also important areas that are similar in comparative…. 

It is not strange that the Austrian School of Economics which should not include Bowark in spite of Austria been his home country, would be invoked in the attempt to dismantle City of Detroit, and there are lots of reasons why others plans may work, but for the fact that even as we write that the City of Detroit is occupied with issues of Pension and the problems of Debt, that it held of life by Government programs and probably little else, we may yet indulge our minds with the pressing statistics that over the last 50 years, the idea of cash for assistance has more than had its share in Detroit. 

If it was not working may be due to the middle management and other loopholes in the system, and the systemic problems of resource allocation and endemic problems of corruption may not entirely combine to strangle a City over half a century. 

The attention is placed on the wrong issue and the idea of spending or innovations of liquidity as practiced from the earliest incarnations of the Black Mayors and Democrats till now may have actually been a wrong and perhaps dangerous diagnostic. Simply put, it is clear that liquidity in poor circumstance attract other things including poor returns of actual goods and services but a high rise in illicit drugs and criminal activity. 

By that we widen the door on the merits of Structural change that is not mainly based on return to a past, rather to innovation and to questions of Credit either for business and Credit for other matters. We may have highlighted the negate truncation of the problems with Chicago economy, that aside the Subways are an effective return of investment tool, there is the CBOE, and a mercantile  that made Chicago relevant in the U.S. society but also in the World. There is a chance that a reformation of the Banking and City Reserve Institutions of Detroit towards a more complete and public records may be a first and necessary incentive to offer new life to the Town. 

In essence, the problems of adequacy and the gaps in payment or Defaults are not just a decision function of the City Government but from Debt resources are means to future, it may create a pool lending institution towards a challenge of the negative environment or concave from the reaching economies of Chicago and to some degree Milwaukee, but the identity of the Cash Strapped town should from automobile Index that is 22% of total receipt for U.S play the other role of forecasting, the behavioral  tendencies of the American consumer from purely Debt to earn stand point. 

The view will mean the Detroit going forward is either to face further and constant decay largely to unstable disequilibrium of immediate citizens or from the mark to market economic reset of an aged auto-mobile industry. The attempt to abrogate the future of receipt and payment by crashing the form of exchange between creditors to Detroit and Detroit, as offered 10 or 1of 10 by the current Mayor, merely corrects an impression that skidding is from here irreversible. 

Yet we may suggest that fraction of the total Detroit demands or the decision power of Detroit going forward is not without partial equilibrium of its past, that means that the skid will likely continue unless as they have worked on, that the Pensioners are willing to take a breather or cut inception amount going at least a few years. 

There is the combined resistance from combined spending that means to argue that the funds from the Federal Government or the assistance offered today will not manufacture any new areas of Growth for Detroit, since the Funds or Program are not tax deductible. It therefore means that as far as other inducement (endorsement) such as Food Stamps should be taxed to the pocket of the City of Detroit. A fair taxing on the immediate profit is not inadvisable, but deal with problems of Credit, incentives of all types may create the opportunity of credit and savings. That is to suggest that Savings would be compulsory, especially for all classes of respect acting and living with the demands of Federal Assistance. It is strange that a $10 Trillion investment on the economy was wedged into the system by the U.S Federal Reserve and by Treasury in 2008 and 2009 only, and the problems of housing refuse to abate in Detroit. 

In seems that the attention once more is placed on the wrong eggs, for If 16 Billion was the cog in the wheels of Detroit the ends would been served. But U.S moral chest is not that solid, that a moral hazard of Cities under dubious leaders that seem feed from decay of their societies will be among the first to invent reasons why they also need to be bailed out, and all this project the U.S constitution in the light on restrictions of the Federal Government entering local market such as Detroit. U.S Constitution does not bail out Cities or States, it simple allocate fiscal resources to such states in terms of disasters or Acts of God (Nature) such as Hurricane Katrina and Sandy, but then the 1931, 1936 accords on FEMA, guarantees Insurance protection at least up to a certain level.