Ethan and Ehlana:
We only have one more school day to go as we wind down toward nap time tonight; so we’re looking ahead to the fall festival more than anything else. Our day has been fairly-uneventful even while we’ve had fun from the Tai Chi by the river and breakfast with Cassie and Michael start through to now. The academic adventures were good and not newsworthy; and we had fun with our football or cheer squad practices that kept us busy until dinnertime. Naomi hosted that meal and our evening study session for our usual group of six. We had a last band practice ahead of the dance on Saturday along with the studying and we enjoyed some quiet teen time too, but then Ehlana and I went back to Cassie and Michael’s after walking Aiden home along the way; and then we did some more work with them before splitting up and heading for our rooms.
I’m with Ehlana for our usual computer checks and twin chat, but we’re keeping it short tonight because we don’t expect to get a lot of sleep over the rest of the week or weekend. We write about the current conflicts and related stories on a regular basis, but tonight we are going to comment on economic issues. A headline-grabbing story from today was about gold topping four-thousand dollars an ounce – a doubling from just a couple of years ago; and something that is notable in comparison to all major world currencies. We aren’t offering investment advice to near or distant-future readers of our journals, but we do want to compare that change in valuation to other economic issues that are getting attention – like spiking debt levels and debt management costs on everyone that is a huge drag on the potential for global prosperity. Ehlana and I have written about the actual costs of war and militaries in general, and that is equally-true for debt expenses that mostly go to enrich the debt holders with little downstream advantages to the general population of the world. That isn’t and can’t be a blanket statement, but we aren’t going to get into a commentary on ‘good’ and ‘bad’ debt.
We are stating that most of our world leaders are making serious mistakes running extreme budget deficits that continually add to economic chaos, and for one example, our country is basically borrowing the money needed to service our federal debt and the military budget – around two trillion dollars. Most of those expenses are unproductive and gets wasted; and will continue because the bankers and military industrial complex will not give up on getting their share of those trillions of dollars. There have been lots of stories floating around recently about ending the drug war by following the money and stopping that instead of the drugs; yet that same strategy might do far more good if applied to these problems – including ending the wars and other conflicts!
Well, we still ended up merging those stories, but we’ve also had enough for tonight; so that’s all for this update.
Until next time, live with love, fellow Magi of the Light!
