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Mike Folkerth is the author of "The Biggest Lie Ever Believed" and is not your run-of-the-mill author of finance and economics.
The former real estate broker, developer, private real estate fund manager, auctioneer, Alaskan bush pilot, restaurateur, U.S. Navy veteran, heavy equipment operator, taxi cab driver, fishing guide, horse packer and few jobs too embarrassing to mention, writes from experience and plain common sense.
Mikes humorous systems of Mikeronomics and Mikemathics drastically simplify the economic and mathematic formulas commonly used by very smart, but terribly sheltered individuals.
Paradigm Shift; Change Your Life:
Economy got you down? We often go about our lives following rules, concepts and values that we have never questioned, they are called paradigms. Happiness may be a paradigm shift away.
Monday, August 25, 2008(2 comments)
Will Our Economy EVER Recover?
Most news programs, financial forecasters, and politicians talk in terms of when our economy will recover, not IF it will recover. And certainly not HOW it will recover.
I don't believe that recovery to our former borrow and spend lifestyles is in our future. "Transform" is far more accurate description than recovery.
Friday, August 22, 2008(3 comments)
Conform to American Standards; Or Else!
America seems to be intent on forcing our flawed economic practices on the remainder of the world. The bad part is that several of them have taken us up on the offer.
Wednesday, August 20, 2008
War, Oil and Lies:
The divisiveness lies spread by our two party system will destroy America within. That is if our preoccupation with world war doesn't kill us first.
Energy, Careers and Gold:
Short memories, old value standards and a faltering economy, make for interesting times; if falling living standards are interesting that is.
The U.S. economy is no more unsinkable than the Titanic and has even fewer life boats. I suggest building your own.
Housing Woes; Is There No End?
The decline in housing prices, foreclosures and the snails pace of the building industry is not nearly at a turning point, unless that is, if getting worse is considered a turning point.
Wednesday, July 30, 2008(13 comments)
U.S. Economy; A House of Cards:
As we watch the final maneuvering by our leadership to bail out our mathematically failed economy, I have to wonder if we didn't get exactly what we deserved?
Monday, July 28, 2008
Fannie and Freddie; A Pair to Draw To.
The Fannie Mae and Freddie Mac bailout is signed sealed and delivered to the President. How bad is this situation? Horrific, would be a suitable description.
Thursday, July 24, 2008(8 comments)
The Real News is in the Fine Print:
The bailout for Fannie and Freddie has an interesting provision sandwiched between the pages...an $800 Billion raise for the National Debt ceiling.
Wednesday, July 23, 2008
That residential housing is in dire straits is not news to anyone. But, how long it will stay that way would certainly be helpful information. My past predictions on housing have been extremely accurate, so here are my future views on housing in the United States.
Tuesday, July 22, 2008(3 comments)
How Soon We Forget:
We have the history. We even have people still around that can tell us first hand what the Great Depression was like. But then, our illustrious leaders are never going to see depression; we are.
Monday, July 21, 2008
The Perfect Plan for Depression:
If a person set out to create a perfect plan for economic depression, they would do well to enlist our Congress as consultants.
Friday, July 11, 2008(14 comments)
As the bad economic news continues to weigh in, we will look back on this period as the "good 'ol days." The U.S. may well have crossed the line of sustainability.
Wednesday, July 9, 2008(7 comments)
A New Record Low; And It's Not the Economy:
We elect those who provide the most pleasant thoughts, promise the most personal gain and ask the least from us in return. And then we wonder how the heck we got in this mess.
Tuesday, July 8, 2008
"Getting Down to Grilling Beans!"
As we continue to tax our resources in a futile effort to continue our growth oriented society, the imbalance will become untenable. Following is an example of that imbalance.
Monday, July 7, 2008(10 comments)
Paying the Price of Poor Planning:
How bad can our economy get before it turns around? As the old showman said, "You ain't seen nothin' yet." What we are experiencing is not a simple slowdown, but the mathematical end of an impossible economic model.
Monday, June 30, 2008(2 comments)
The Long Arm of NAFTA and The WTO:
Maybe you are safe from the effects of NAFTA and the WTO. Perhaps you live in an area where the companies and your jobs aren't effected. That is what the employee's of Chaco Sandals thought; but they were wrong.
OIl Windfall Tax or Pandering Tax?
As I watch the partisan arguments over oil that continue to rage in our Congress, it becomes more and more evident that taking sides with the equally wrong thinking on both sides of the aisle is a very dangerous game.
Tuesday, June 10, 2008
U.S. Economy and The Greedy Chinese:
As the U.S. economy incredulously slips further into recession even after our generous rebates, we have to blame someone other than ourselves. How about the Chinese?
Monday, June 9, 2008(4 comments)
Oil Skyrockets; Blame the Dems, the Rebulicans Do:
There are Trillions of barrels of oil just waiting to be produced right here in the United States. So what's holding us back from going after it? The Democrats...that is, according to the Republicans.
Friday, June 6, 2008(12 comments)
U.S. Oil Independence; Not:
So how in the heck did this oil problem sneak up on us so quickly? If you can call 35 years "quickly," it was because the best government that money can buy was asleep at the switch. Read the interesting history and tell me that we "just didn't see it coming."
Thursday, June 5, 2008(6 comments)
Who's in Charge of Change?
Are you waiting for that sweeping change promised by our latest batch of political contenders? I've got some bad news, they aren't the ones who can change your life, you're the one who can change theirs.
Tuesday, June 3, 2008(6 comments)
U.S. Economy, Bottom of the Ninth and Way Behind:
The U.S. economy has run its gamut in more ways than I have space to write. Our downward spiral will continue to a permanent state well below current living standards. The good news is that you don't have to participate.
Thinking the Unthinkable; The End of Oil:
The warning that oil would peak came in 1956. The proof that U.S. production had peaked came in 1970. Congress heard irrefutable testimony regarding a certain decline in 1974. Yet in 2008, Congress blames the oil companies!
Saturday, May 17, 2008
Free Power from Wind; Well, Not Quite:
Is wind and solar power the answer to nearly free energy? Well...not quite. But, the fact that oilman T. Boone Pickens is building the world's largest wind farm, should tell us something!
Black Gold; The End of Oil:
Peak oil isn't just a theory any longer, it's transpiring right before our eyes. What remedies are our leaders suggesting? Use more of course.
Friday, May 9, 2008(20 comments)
Can This Economy Get Worse? Can and Will:
Americans stand in amazement at the gas pump and grocery checkout saying things such as, "This is ridiculous." There is nothing ridiculous about it except our total disconnect with reality.
I'm Sick and Tired of Losing:
As the sickening parade to the White House continues, I have realized that there is no real hope for positive change under our current or prospective candidates and I'm sick and tired of losing.
While Americans suffer job losses, massive inflation, rising prices, falling dollars and foreign wars...our Congress is busy with explosive dust.
Wednesday, April 23, 2008(4 comments)
I Just Don't Want to get Involved:
We have become a society that has shed responsibility to a point that even our neighbors can no longer count on us. After all, crime is for the police and I just don't want to get involved.
Tuesday, April 22, 2008(10 comments)
Destroying America; One Law at a Time:
American ingenuity and production have fallen victim to our own insidious entanglement of unnecessary laws. As the number of lawyers rise, the number of jobs decline.
Monday, April 21, 2008(2 comments)
Jobs? What Jobs?
Our leaders forgot one important aspect to living in the land of milk and honey; the jobs necessary to buy the milk and honey.
What Ever You Do; Don't Do the Math:
While we listen to the political banter and the promises for a bright future arriving on election day; doing the math promises a very different version of that future.
Middle Class America; Down and Nearly Out:
Employers cut another 80,000 jobs in March. Outsourcing continues to replace Middle America. How long do we have before there is no Middle America? Ask Ron Paul, he's been trying to tell you.