BlockChain….. will change the world!?

BlockChain is touted as the force that will democratize business and empower entrepreneurial creation.  It does sound exciting however, I do recall the same promise for the InterNet….. and guess who owns all the profit centers?  Is it you?  Not likely!  However,  why miss what may be the opportunity of your lifetime? Learn more here!


Hey You, Jew Boy!

Steve Kogan and I were classmates who liked to play pool, when we were 12 years old.  His father was a rich man who picked me up in his big Cadillac to spend the day with Steve.  Some people who lived near me liked to call it a “Jew Canoe.”   It was of course a derogatory term.  On the way to the hotel he said something like, “You like the car, Joe?”

I said, “Yes it is pretty amazing.  I have never been in a car that felt like my mom’s living room.”  We were never allowed in the living room unless it was a special cadillacoccasion; after all the furniture was only for company.  The furniture was covered with clear plastic to protect it from the inevitable accidents kids cause.  It was good furniture,  the kind that took you years to pay off, as I understood.

Mr. Kogan said, “Life is all about making money!  That’s how you get a nice car like this and build a successful department store, as I have done.”   My dad had a different opinion so I was a bit shocked but I kept quiet.  My dad had taught me that millionaires like Mr Kogan, had stress,  heart attacks and misery.  The love of money was the root of this evil, he said,  and the helping people was much more important.  I was proud of my dad,  he had been a medic in WWII and had gone out unarmed in the battle field to help those who were critically wounded. He was a community leader who started businesses and when they made money,  left to start another.  We were not wealthy like Mr. Kogan.

Mr.Kogan said, “We are going to stop at my Department store on the way over to the hotel where you can spend the day.  I always am there just as we open to make sure all my workers are there and everything is running well.  In Puerto Rico,  running a great business was a magical trick as siestas and a laid back style of life were the common routine.  After all, the midday sun was scorching and it put me to sleep as I sat at my student desk studying for my classes.  The fan helped but only the very wealthy had the newfangled device called air conditioning.  So getting people to work all day was not very easy.

Mr. Kogan pulled the car to the curb in front of a impressive glass window filled with fashionably dressed manikins.  Big letters that appeared to be sculpted of stone floated above the chrome and glass doors.  There they  formed the words, “New York Department Stores.”  We had arrived.  Mr. Kogan opened the doors for me and Steve  and carefully led us across the street to avoid the hazards of  the cars and horse drawn wagons full of tropical fruits and vegetables. As we entered the store, which did have the magical thing called air conditioning,  the sounds of the wagon drivers calling out “Mangos, Avacados, Canepes,”… faded in the distance.

It was 1956 and we were surrounded by man made weather.  It was magical!  My whole body breathed a sigh of relief as the early morning heat and humidity vanished like steam from a shower.

In front of us was a vast room with counters that seemed made of the finest decorative materials,  which at that age I could not name,  but could appreciate.  On each counter was glass display cases filled with beautiful watches, jewelry and cosmetics.  Further in the distance you could see hanging signs alerting you to new fashionable clothing and shoes.  Behind each counter as far as the eye could see, stood an employee looking up at Mr. Kogan as we entered.  For a moment it was almost like looking at an army standing at attention as the general entered for inspection.  I was a little awestruck and a bit uncomfortable, not knowing what do do.

Mr. Kogan looked down at me, noting my discomfort and grabbed my hand with his left hand leading me forward down the long and seemingly threatening isle.   He then looked up and smiled at all his employees and began to walk slowly down the long isle calling out  good morning to each and every one of them by name.  They all smiled and greeted him  and some of the women reached over to hug him.  The long isle was no longer threatening. It was transformed into a sea of friendly faces at a party that was just about to start.  I my heart felt funny and my eyes moist but I was not quite sure why.

After a long slow walk with lots of brief and warm conversations, some in Spanish and some in English  (both of which I spoke)  we ended up in the back.  We entered a small simply furnished room with desks,  fling cabinets and a few people talking on phones.  Through the open back door we could see the loading dock where workers were unloading a truck.  Mr. Kogan showed us to some well worn leather chairs and went out back to greet the delivery men.

He came back in a few minutes and sat down across from me and Steve and said, “So Joe,  how do you like my department store?”

I thought for a moment as my head was swimming with new experiences.  I said, “I think it is very impressive!  My dad has a few optical stores and I am very proud of him, but this is huge and awesome.”

Thinking about my dad’s concern for the stress and misery that can come with money, I want to ask him a question too.

I said, “Mr. Kogan,  what is it that you like best about your business?”   He looked at me and his eyes seemed to mist over as he smiled and he said, “I would never miss a day of walking into the store as it opens!  I love all my employees and the greetings that we share every morning. There is nothing in the world worth more.  On the other hand, it is a great responsibility and at times it raises my blood pressure and keeps me from sleeping.  You see, the store not only takes care of me and my family but it clothes, houses and feeds my hundreds of workers.   I am in many ways responsible for the lives of all my workers.  If I fail,  they fail, and they may lose their homes and everything they have worked so hard to achieve.  It is a great responsibly.  As you get older you will discover that most things in life are dual edged swords.  One side helps you cut down sugar cane to sell and prosper but the other side can cut off you hand if you are not careful. ”

He smiled and again seemed to be looking a thousand miles away.  Then he looked back at us and said,  “Okay kids lets go!  You are going to have a great day at the El San Juan!”

Resource-Full-Ness, 1 step back, one thousand steps Forward

Re-blogged from RD Revillo:

I Had a Dream, of You being At a Town hall Meeting the people were angry, berating, verbally, beating their representatives over budget cuts the safety of children walking to school fewer fire departments, ambulance, police, downsizing, reductions, seems the cuts will never cease and You rise and take the mike and ask the audience, furious over […]

RD REVILO. Conscious Thought: Driven By Intelligent Awareness

Think and Grow Rich by Napoleon Hill | Free PDF Download eBook Edition

This is among my favorite books.  I hope your will read it!  Here in a link to a 100%  free E-Book copy.  Why read it?  It can truly change your life by helping your understand the  potential of changing your thinking!

Think and Grow Rich by Napoleon Hill | Free PDF Download eBook Edition | 

Bernanke’s Fed VS Ron Paul

Is Ben Bernanke is the only serous policy maker in the District of Columbia? Richard Lehmann at Forbes thinks so.  He says, congress and the President are much too involved in re-election politics to address the mounting fiscal problems we face.

Lehmann says,  Bernanke is expanding monetary policy in an effort to get the nation’s finances at the federal, state and local levels back into balance with expected revenues, including trillions in unfunded entitlements and mandates.  He says,  it’s unlikely this can be accomplished through growth and cost cutting. So the Fed clams it has settled upon inflation as the solution.  Inflation is well known for its long term negative effects, but few ever speak of inflation’s short term benefits.

Lehmann says,  inflation robs from those with wealth to benefit those with massive debts, such as Uncle Sam and states like California, New York and Illinois. It steals from taxpayers through higher nominal taxes while depreciating the value of their financial assets.  It steals from pensioners and workers by devaluing the benefits promised and received. It also tends to drive appreciation in hard assets, such as real estate and gold.

The benefit of inflation now is that it should bolster the housing market and reduce the likelihood homeowners will walk away from their underwater properties. Inflation thus could be used as  an economic reset button. The Federal Reserve gets to effect policy without public discussion and without anyone having to face an election.

Lehmann says,  Bernanke can  promise stable rates for the next three years in pursuit of this effort and thereby show how Fed policy is really “quite transparent.”  When inflation finally reaches levels that can no longer be ignored, interest rates will be raised. But those raises will continually lag the rate of inflation on the radonale that we don’t want to hurt the economy.

Whether an inflationary policy by the Fed is right or wrong is a hard question to answer. In addition is this Bernake’s efforts or just what is going to happen because we cannot control our financial situation?

Lehmann says there are some possible inflation shelters:  real estate, commodities, stocks, adjustable-rate debt and precious metals.

While the long-term effects of inflation are unpleasant, there are maybe no  alternatives to our current situation.  It is a possible way of returning some balance and reality to our current economic confusion.  A free market can do that, though had we not borrowed so much money to forestall these events,  I think it would have long ago been resolved.

Lehmann says,  that as an instrument of policy inflation is a cowardly solution, but then, cowardice is what got us into this predicament in the first place.

I would call it cowardice and  greed.  Corporations who promised too much and would not deal with the unrealistic expectations of unions or wage expectations.  Corporations who live for the next quarter and not their long term viability.  Individuals who borrowed on their home mortgages for stupid luxuries and vacations,  blindly wanting to believe there was no end to their home value that was never going to deflate.   We are all to blame,  especially for our personal inaction when we noted NOW and THEN that congress  responds to bribes and not votes.

We have yet to dump the crooks and bums called congress and the White House.  The only real candidate for change is Ron Paul and people are still clinging to the status quo that they hope will avoid inflation.  This is True Cowardice.   Change is always scary but there is no joy in life without challenge…. just a slow death.

Janr Ssor