Monday, January 4, 2010

The Value of Zero

With the turn of the great odometer to 2010, the decade of the zeros is over. The Bush Crime Family who got elected exactly zero times is no more. There have been continued sightings of the person with zero soul, Dick Cheney who was right about anything exactly zero times. Michael Chertoff who as Sec DHS prevented zero terrorist attacks and appropriately responded to natural disasters zero times is out ginning up fear of flying again. That’s because he works for a company that makes x-ray machines with many zeros in the price tag to use for airport screening. Something he found zero money for when he was in government. Critics of the systems say the effectiveness of these machines is zero. The number of middle school students that can remember when we weren’t at war is zero.

The average 401k lost almost ten percent of its original investment in the decade of the zeros and that’s a return of less than zero. Makes those fractional percentage point bank savings rates sound pretty good. This of course allows nothing for inflation. Those year 2000 Dollars that you now only have 91 cents left from your investment won’t buy what they would when you put them into the market. Remember when gas was a Dollar and gold was a fifth of what it is now? Remember when the things on the Dollar menu were 39 cents?

The chances of any of those seven million jobs that were out sourced in the last days of the Bush Adm. coming back are about zero. Total job growth in the past decade was zero, job growth in most decades of the last century was about 20%.

Six million Americans living on food stamps report zero income. That’s nothing, nada, zilch, no unemployment or welfare or pension or social security and thanks to Clinton’s so called welfare reform living on food stamps is slow starvation. These people are kept alive by friends, family, charity or pure luck until that runs out.

The temperature has been below zero for a number of days across much of the country and homeless shelters are turning people away. Nobody really tries to count them, the concern from most of their fellow Americans amounts to zero.

There is some public dispute over whether or not the decade has ended or goes for another year. Roman numerals don’t have a zero but the year one was selected centuries after the fact (or myth) and the formula they used was flawed so the year is off anyway. The real question is if the decade of zeros has really ended or if it will be the century of zeros. It could be that our time as a democracy is running down to zero.


John said...

I'm 61 years old. In my life the number of years we haven't been "at war" somewhere, at some level seems ALSO to be zero.

Dave (S-wood) said...

Dave says: This country is running on fumes and they are getting low. Since "voodoo" economics became the love of the greedy, we have been in a steady decline.

Who in their right mind could think that this country would survive by sending "ponzied" data bits around the world and call it GDP?

Can anyone explain why we continue to outsource our manufacturing,our only means of creating tangible wealth?

Finding ways to screw over your customers or the taxpayers, is not creating wealth, only our demise!

SanMigMike said...

I've been saying for years that making real money isn't playing games with other people's money and doing such things as betting against two products your own company sells or move your outfit to be closer to New York to save those fractions of a second in your transactions, it is making something, providing real goods and services but the gangs that run the country and rent our political leaders have figured out how to take real money out of their phony deals and they get away with it while a minor crook gets prison...