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November 26, 2010

Black Friday's FugginSuggin Rundown DISCOUNT SPECIAL

"Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer." ~Adam Smith, The Wealth of Nations

Since all the posts on FugginSuggin.com are prepared by the conjunctive efforts of two individuals, it is difficult to find the time to cover each and every topic, issue or event that we'd like.  This is why every once in a while we bullet-point topics of interest in what we have (for this post at least) entitled the "FugginSuggin Rundown."  In such posts, we will briefly touch on topics, using hyperlinks to our supporting articles.  We hope that such hyperlinks will direct you to further information on the issues discussed, expand on the information provided in our article, and get you started on performing your own independent research.   So, with my belly stuffed from Thanksgiving, I am going to get some of these thought provoking morsels off my plate, and offer them to you at a "Black Friday" discount, free of charge, no early morning wake-up or line-waiting necessary:

  • Despite a continued dismal forecast for our economy, corporate profits were record breaking in 2010's 3rd Quarter, the highest figure recorded since the government began keeping track over 60 years ago.  Ah, to fail and grow rich in America. This makes sense, especially if one looks at our economy as if it were a balloon filled with air.  A knotted balloon holds only so much air, and depending on where you squeeze the balloon, the air will shift, contorting its shape accordingly, all whilst maintaining that same amount of air.  A big bulge on one side of my fist, littler bulge on the other.  See it?  Now, imagine that the balloon is our economy, and the air inside is the money in circulation.  There is only so much, and, depending on where its pinched, it concentrates in certain areas.  During a "good economy," money is more evenly distributed (no pinching).  During a "bad economy," money is in the hands of fewer people, generally those of already substantial wealth (big bulge).  As I said, there is always the same amount in circulation (unless of course the Fed prints more, and in that case, what you have becomes devalued).  Therefore, when the media talks about a "bad economy," they are discussing it in terms of the majority population, as for some within the wealthy minority, it is an extremely advantageous and flourishing economic time.  We need to be concerned about our future.  It's about time to pop that balloon and find out who was in charge of squeezing it, before its too late.  
  • Despite the initial sounding of defeat and a Republican sweep of the state's election, the Arizona Medical Marijuana initiative narrowly passed once all votes were counted, making Arizona the 15th state to adopt a medical marijuana law.  The opposite situation occurred in California with the Prop 19 marijuana legalization effort as Democrats swept the state election while the legalization initiative failed to pass.  Why?  In California, most of the marijuana growers and dispensary owners feared that Prop. 19 would give too much regulatory power over the cannabis industry to the government, and therefore much of the pro-legalization community was against the initiative.  There is no way a marijuana legalization initiative will pass when their production industry is against it.    
"No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable." ~Adam Smith, The Wealth of Nations