The corporate fraud of Globalization, of multinational bankers, financiers, speculators and merchants has collapsed by the weight of its own pervertion and its lack of elements that could make it appear a system useful for something, besides robbing every individual on the surface of the Earth. Bernie Madoff opened the eyes of many, by being the most accomplished scammer in the 80 year history of Globalization. His name and those of Bush, Cheney, Paulson, Rice and all those who spent eight years in government increasing the wealth of the parasites at the top at the expense of the workers and soldiers of America, signal the end of an era of corruption, incompetence and arrogant acrimony.

From that mockery of a pseudo Economy, the political powers in the Congress and the Senate approved a Stimulus on which the President has placed 100% of his energies to make it work for the people of America. It is working very well for the incompetent executive boards of failing companies and very little is tricklind down to the workers, the homeless, the unemployed and the marginal poor.

In Engineering Project Management we plan the landmarks of the progress of the job and we write a critical path to reach the completion of the project by the shortest route possible. Every day, the Project Manager with all the Chiefs of Trades control the correspondence between the work done and work expected in the Critical Path. Variations are rapidly corrected to ensure completion of the whole project on time. Payments to contractors are attached to landmarks in the critical path. Cheques are issued only when the Project Manager confirms that the landmarks have been reached.

What we hear about the Stimulus is that huge chunks of money are entrusted to the failed executives to keep the failing enterprise producing even when there is not a market study indicating where the production can be sold. Are all the cars that Ford, General Motors and Chrysler will produce with the Stimulus already sold? ... or is this a trivial case of artificial consumption not to show a disastrous unemployment in all the failing industries victims of corrupted and incompetent “globalization” executives? As a member of G-20 is President Obama sincerely convinced that the Globalization Stimulus is a solution that will work? America is entitled to expect transparency and efficiency from President Obama, but the only thing reported by the corporate media is the enormous amounts of tax-payers money that go here and there to hide the industrial disaster of America. That is not an economic solution, it is a financial patching-up of the financial fiasco of Wall Street and all its corporate errand boys in the Land of Corporate Multinational Globalization.

The workers of America must read on real, planned and executed managed economics to understand why the Stimulus is nothing but spreading tax-payers money around for Executives to save face. The advisors of President Obama are having him solving the self-made financial crisis of Wall Street without beginning to solve the economic crisis of Main Street.

The real economics applicable today, begins by the restoration of all the regulations - national and international - abandoned or hidden in the past 8 years, by restoring the Federal Reserves as a property of the people of America managed by the Ministry of Economics. The Ministry of Economics will peg the dollar to the GNP/capita to assign an invariable value to the currency on which to agree in the General Assemply on a legally binding permanent monetary sistem good for all nations alike. The legally binding and agreed value of currencies render all currencies valuable tokens of tangible value (like a house, a boat or a gold brick). The Central Banks under agreed legally binding regulations produce currencies with tangible value and can give governments lines of credit at 0% interest and 100 years to repay.

Once the fundamental regulations of democracy are restored in all countries, it is time to fired all executive-boards of industries in distress, invite the employees to elect a new General Manager and Chiefs of Deparment that will borrow at low interest and very longterm whatever is necessary to restore the vitality of the industries. New brains at the top having know-how and experience are necessary to achieve full employment in the next 3 years. The ping-pong of money to failed Executives in the present Stimulus is patronizing and humilliating for the working class of America.

All workers of America and abroad must study my books in a critical manner (www.e-libro.net). Once convinced that the engineering solution of TEIC (based on the solution of the Tennessee Valley Authority during the crisis contained by FDR), is correct and oportune you must write to Mr. David Axelrod and press your Union to persuade President Obama to adopt Scientific Human Economics in America and share it with the rest of the World. That is the only way that full global employment can be achieved in the next three years (if the American workers succeed in waking up in the next 24 hours Mr. Axelrod and mis Jarrett). This indiference of the advisors should direct the graduates of Secondary to Engineering if they are interested in the branch of Scientific Human Economics developed by TEIC. When President Obama is informed by Mr. Axelrod and Ms. Jarrett (who received courtesy copies of all my books since the day President Obama was elected) that full employment is achievable in 3 years new jobs in Scientific Human Economics will be created aplenty all over the World.

I pay “One thousand Canadian Dollars” to anybody that proves technical economic errors in my books (checked and double checked by some 250 engineers of the Third World). If you want to try, send your articles with your evidence of my errors to The Breadwinner, E-Magazine. If you provide ethical technical evidence of my errors you will receive my payment through the General Manager of this Blog, Mr. Thomas Davis. (Globalization Tycoons, this is your chance to prove the caliber of your “Economics”).

Jorge Torrealba, P.Eng. (Retired), Director General TEIC Canada,
Halifax NS Canada 1-902-448-7417
human.economics@ns.sympatico.ca www.e-libro.net