Monthly Archives: May 2009

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The Upcoming Economic Crisis, Beyond Year 2009

Unprecedented causes lead to unprecedented consequences. No amount of monetary or fiscal policy can fix the errors of the past.

The Upcoming Economic Crisis, Beyond Year 2009

Unprecedented causes lead to unprecedented consequences. No amount of monetary or fiscal policy can fix the errors of the past, just like no modern treatment can quickly restore to health a drug addict debilitated from a decade-long drug abuse.

Inflation

Anyone who believes that money doesn’t grow on trees need not look too far. The current global economic crisis is a result of just that. The federal reserve has been printing money out of thin air to bail out banks that passed along bad debt as assets to rest of the world.

The Federal Reserve has printed over a trillion dollars to combat the spending freeze. While the rest of the western world has followed their lead. All this money will inevitably lead to hyper-inflation; devaluing the dollar and possibly dethroning it as the currency standard of the world. “Everyone says a little inflation can’t hurt us,” said Martin D. Weiss, chairman of Weiss Research. “What they don’t seem to understand is, that’s inflation in a growing economy. Inflation on top of rising unemployment is another thing entirely. It’s much more painful, and it could be the straw that breaks the camel’s back.”

Here is a list of some current and upcoming crisis’ we must prepare ourselves for:

1. Global Real Estate Overvaluation

2. Indebtedness

3. Excessive Leverage

4. Global Bubbles (Globalization has placed us in a world where one country’s economic collapse can devastate another)

5. Retiring Baby Boomers

6. Global Warming

7. Crude Oil and Energy Crisis

8. Hyper-Inflation

9. Decline in Key Commodities, including Steel, Iron, and Water

How to Build a Tribe Around Your Product

It takes two things to turn a crowd into a tribe:

- A shared interest
- A way to communicate

Leaders galvish, inspire, and connect their tribes through their remarkable ideas. No one watches a mediocre YouTube video they’ve seen before. No one passes on a boring e-mail. No one invests in a stock that’s boring, with few prospects of big growth.

People yearn for change, they relish being part of a movement, and they talk about things that are remarkable, not boring. Leaders lead when they take positions, when they connect with their tribes, and when they help the tribe connect to itself.

Remember, crowds are just waiting to be turned into tribes, and from thereon, into movements.

Who you are now is who you’ll be in 10 years

“If you always do what you’ve always done, you’ll always get what you always got.” – Anthony Robbins

Unless something major happens between now and 10 years from now, the person you are now will be very similar (if not identical) to the type of person you’ll be 10 years from now. If you’re not a risk taker, then there’s no reason you won’t be one 10 years from now. If you’re not entrepreneurial, then why will you be in 10 years from now?

If you’re not willing to constantly be in a state of pushing yourself to do more and learn more, then you’ve already reached your limit. So my theory is this: unless you change something about yourself now, you’ll never change.

To get something you never had, you have to do something you never did.

Inspired from Jared’s blog post.

Anthropology of the Social Web

In a recent presentation at the Google HQ, the software celebrity, Joel Spolsky stated that as we move from the era of computing into the era of the Internet, we no longer need to worry about computer-human interaction. What we do have to think about [in the era of social networking] is human to human interaction. And to do that, you have to think as an anthropologist does.

Go over to ReadWriteWeb for the rest of the article.