Navigating troubled waters
We may be hoping to achieve financial sufficiency at some point in the near future, what with a double whammy: storm and investment exit.
It’s good to employ utopia—the dream that we could make it—but must equally prepare for dystopia—the reality check that it could be completely the opposite.
Be that as it may, two critical decisions were made recently that would present major hurdles attaining economic stride or expansion here in the near or long-term:
1. China prohibiting money from leaving the country, therefore no new investments here or anywhere.
2. Nippon investments heading home in recent past.
One stops investment funds, the other takes its luggage and heads to airplanes. I tried to analyze it but it hails from a different level of complexity beyond our control. It’s a sovereign issue altogether.
What is it that we’ve lost or trashed with ignorance and arrogance with friends from near and far?
The departure of Nippon investment of about $7 billion is an issue unto itself that started in recent years. The sayonara seems permanent. How do we recover over $7 billion in financial loss? Any realistic idea how this could be done without raising income and other taxes?
It means revenue generation has started heading south. There would be less for basic needs and whatever is left in the coffers must be spent with critical care. This impending setback ought to rein in reality check among politicos, right?
Exit: With projection that Japan would continue its economic growth throughout the course of the year, interesting the sale of all its hotels in Guam and the NMI. Has anyone among our men of wisdom noticed this? Has anyone responsibly sought answers why the exit of investments?
Troubling if we allow negligence to rule the day when we know that maintenance of private industry growth is the salvation to paying for basic needs here. Or have Da Boysis found another abundant source to fill this void?
The combined economic contraction would clobber financial freedom to zero sum. Must make do with what’s left in the coffers. There won’t be that much to play around with, is there?
Have we responsibly assessed its implications to figure out approximate loss in terms of dollar figure? Or do we treat it with inconsequence like we do most other vital issues? Is there an epidemic of intellectual menopause here?
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Life: Amidst the huge economic contraction, the elected elite must deal with the fate of 15,000 employees stuck in poverty income level. It boils down to the quality of family life for these employees. Is poverty income sufficient to enable employees to enjoy the benefits of growth and development here?
It’s a tough issue given that it requires a strong and healthy economy to allow all boats in the harbor to float together, so to speak. With some 15,000 employees earning poverty income, it’s a glaring tale that the local economy is woefully unhealthy, true? Otherwise, it would allow the 15,000 folks to earn better wages and salaries at this point in time, true? Is it the case now?
The federal poverty income guideline is wages and salaries between $15K and $42K per year. The number of people in the family determines its strength. It is sheer hardship, no matter how you twist it.
The level and sufficiency of income is determined by the strength of the economy. Take at look at your income to define this issue right here and now. It isn’t a healthy economy; otherwise you’d be making more, right? This setback shifts responsibility to the elected elite for real answers. Anybody home? I mean the lights are on all night and all day!
The obvious dilemma: cost of living keeps going up while employees keep their fingers crossed that something for the better descends into their insufficient family income. Are Da Boysis still snoozing on the wheels?
If we’ve pushed for paradigms that have failed, why would we repeat the same ill-fated dispositions? Is it lodged in the perpetual notion that this is the government and there’s time and resources to waste before things get any better? When would this happen? Timeline?
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Others: I read an OpEd that discusses how national Democrats wanted to eliminate God from their oath of office and breakfast prayer. But there’s the historic irony of our country being founded on Judeo-Christian principles, isn’t it? Why terminate it now?
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National Democrats also have legislation that would allow what’s known as “elective abortion” where the doctor and mom dispose the fate of the baby up to the moment and immediately after birth. Isn’t that infanticide? Who gave the mom the right to rule on the fate of the life of a child?