David Haggith is creating The Great Recession Blog
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Beat the Establishment Before it Beats You ... Again.

We are just about to see the same financial crisis happen to us all over again because the entire world apparently learned nothing from the collapse that we now call "The Great Recession."

My goal in writing The Great Recession Blog has been to help people see what we did wrong in order to avoid repeating it. I felt driven to write the blog because I saw the Great Recession coming in 2007, but real-estate agents I talked to back then thought I was nuts. I was surprised that no one appeared to see it coming even when I explained to them why we were about to enter a real-estate crash that would bring down global banks and devastate the entire global economy. People thought such a thing was ridiculous partly because it seemed too big to be true and mostly because people don't see the things they don't want to see.

My ex-wife's family members were spared from the housing collapse because I urged her to pressure them, if necessary, to sell the small estate they jointly owned. I told her they'd thank in the end. They were able to see the logic of what I was saying through her, and they sold -- less than half a year before the collapse. So, a person who speaks reasoned persuasion with enough effort can get a message through.

When the housing market collapsed, George Bush said he needed to give up his capitalist ideals in order to save capitalism; but it wasn't capitalism he was saving. It was simply capitalists. Pigs. It turned out our bankers were only capitalists so long as they were rolling in massive profits; but they became socialists overnight when it came to socializing all the risks from their losses. The entire world readily accepted the risk of those bailouts because everyone was alarmed by what looked like a greater risk if those banks fell, crushing everyone.

True capitalism would have let the dead wood burn away, but we don't practice true capitalism. Instead we did everything we could to save the falling giants. As a result, the forest floor around us is littered with more dead wood and standing rotten trees than ever before. Incredibly, the banks that were too big to fail were made by government design into vastly larger banks as part of the grand recovery scheme! How does that make any sense?

That is why I felt compelled to start writing about economics. I'd listen to mainstream television and read all kinds of economic publications, and everyone everywhere was talking about this absurd recovery effort as something that we simply had to do and talking about it as if it was actually solving the underlying problems that allowed economic catastrophe to befall the entire world in the first place. No one went to jail. No one in the press was suggesting anyone should. They all actually believed the Federal Reserve's recovery effort would work! I couldn't believe how easily the masses rolled over, and yet I kind of could because all the experts were saying the same thing. "This is what we have to do."

The worst part of it all was that the plan I refer to now facetiously as "The Great Recovery" increased the size of all the problems that caused the our global debt-based collapse. How insane is that? And the world went for it! Our inept economic designers expanded debt everywhere in the world; they created vast amounts of free money out of thin air; they gave all the new money only to the richest bankers; they restored none of the banking regulations that had once curtailed such greed; they continued to issue mortgage-backed securities (those financial black boxes full of tangled assets that even the experts seemed incapable of unthreading and understanding); they continued to allow adjustable-rate mortgages that had proven to be catastrophic time bombs in the last collapse (where we pretend people will be able to afford higher interest in the future that they cannot afford now); they continued the lax credit qualification terms that undermined financial security the last time around; and the worst part was they put the players who caused global collapse in government positions to solve it! That was all true under Bush, true under Obama and is still true under Trump.

My track record of reliable information

Along this path of fake recovery, I have predicted each of the major downturns the economy took. Each downturn required more extraordinary measures to save the phantom recovery. (My blog stands as a track record to prove it.) I predicted the timing of the United States' first-ever credit downgrade during the Obama Administration and of the stock market plunge caused by the downgrade. I warned that the spine of the bull market would break in late 2014. It did, and market went nowhere all the way until November 2016. The market's troubles only ended when Trump was elected and the Trump Rally began, but I also said during the summer of 2017 that the Trump Rally would end in late January, 2018. From there, I predicted the next big leg down for the stock market would start in the early summer. O.K. I was off by two months on that one because the market didn't peak unto August. I said things would get much worse in the fall. In the summer, warned that we should probably expect an October surprise, and the market really started to dive in October.  It is still continuing its October plunge for exactly the reasons I said it would -- bond interest spikes that are caused by the Fed's Great Recovery Rewind, the program by which the Federal Reserve intentionally undoes all that it did to create its fake recovery under the insane belief that it can do the reverse of what it did to create "recovery" and not undue its recovery.

These times of turmoil are predictable because the Federal Reserve tells us its schedule for ending it recovery efforts and then even reversing them, and it tells us these things well in advance. With each promised change in the Fed's life support, I laid out how the economy would degrade at that point. The failure of the Fed's recovery to sustain itself each time has never failed to prove me right. The Fed's recovery was guaranteed to fail because it ignores economic laws that modern economists believe no longer apply to such superior beings.

The establishment's plans are now breaking the global economy ... again

As I write this, the economy is breaking up along the exact fracture lines that I said on The Great Recession Blog would be most evident as we start to enter the Second Great Recession or Great Recession 2.0. These fracture lines are a second housing collapse, a return to the threatened closure of automobile factories (Carmageddon), plummeting stock prices with rapidly rising interest rates being the main driver. The Fed's recovery was built on a rickety financial scaffold that spans an enlarged cavern of debt -- a pit government debt, corporate debt and personal debt the likes of which the world has never seen! This is highly vulnerable to rising interest. We paid for the recovery by not actually paying for it but pushing it ahead for others to deal with because we didn't want the pain from our own failures. (Remember hearing "kick the can down the road" a lot?) We sucked economic strength out of the future to keep propping ourselves up a little longer.

That is why we are now going to repeat the crash all over again bigger and better than ever. We did not make the huge changes required to build a stable economy. We clearly learned nothing from the first crash, and so we will also repeat history in an even bigger way unless some voices somewhere raise awareness to the fact that we have to make major changes in how are economy operates if we are going to escape these increasingly widening cycles of debt collapse.

Now that we are entering a time when stocks, bond funds, automobile sales, and housing sales are trembling millions of people may start to listen. As it becomes evident that the bankers, economists and politicians that govern our world -- "the establishment" -- has failed miserably ... again ... ... and is back to begging for bailouts ... again ... ordinary citizens will start looking for new answers. The establishment already has its ready answers (excuses) about how no one could see this coming, but you could see it coming! I saw it coming, and the The Great Recession Blog, and its regular readers stand as a witness to that. A few others have, too.

My reason for saying this is that the ability to see it coming with such accuracy proves the reasons give for why it would fail are correct. That means we need to start with those when it comes time to rebuild again. The second coming of the Great Recession was baked into the design of the recovery efforts because the greedy sought to serve solely themselves with their fake recovery.

So, make it stop!

Here's the deal:

I'm willing to continue bashing the banksters and poking their pocket politicians in the eyes and lampooning the lunacy in the media with your support ... but not without it.

Even thoughThe Great Recession Blog averages around 20,000 for each article (with the highest being close to 100,000), only 30% of the readers see the ads since most people use ad blockers. Only 1-3% of those click on the ads, and those clicks pay maybe an average of twenty cents each. Do the math: that comes to about $36 per article, and it takes me a few days to research and write one article. I made more than that back in Middle School mowing lawns. So, clearly I need patrons to sustain this mission -- readers who genuinely believe in the cause enough to want to see the articles continue who will support the effort. Because it's vital that the articles have the widest outreach possible, I'm looking for committed donors.

Unless you want to experience an endless rinse-and-repeat of recession cycles, someone outside of the mainstream media needs to keep bringing our fundamental economic flaws to light with strong, rational arguments and persuasive writing because it serves those establishment banksters best to keep repeating the cycle! How does it serve them? Who do you think keeps their money when the entire economy crashes while taxpayers back their failed enterprises by shouldering all the financial risks? Who got to keep their ballooning bonuses when their corporations failed last time? Who gets to keep all the real-estate when foreclosures happen or gets to suck it up at fire-sale prices? Who got virtual vaults of free make-believe money from the Fed stuffed directly into their reserve bank accounts?

You see, it takes a special kind of person to become CEO of a major bank these days. That's why they get paid obscene salaries. Consider: You have to be able to take a titanic institution that has survived every economic problem for a hundred years and break it in exactly such a way that the government will bail it out with tens of billions of dollars while the citizens of the nation all let that happen. Doing it right assures you and your shareholders end up richer than ever. It takes pure evil genius to pull that off while smiling at the general public as you ensconce your proteges into a presidential cabinet positions so you can make sure the nation does it all over again!

I'll bet it did not fully escape your attention that nearly all of the banksters who broke the world became richer after the world broke. Do you think that is going to change next time around without a multitude of people making a very loud noise against it?

Who do you see cheerleading that effort?

CNN? Fox? The New York Times? Bloomberg? Fortune? The Washington Post? The Wall Street Journal? Of course not. They all love Wall Street, and they are enamored by credentials and celebrity! That means it is impossible for me to get my articles to run in those paying publications. My articles run on a lot of alternative media sites, bringing in another 100,000 or so readers for each article, maybe more because some of those sites don't report readership to me; but none of those sites will pay a dime for my writing. So, without financial supporters at a grassroots level, these articles won't happen because I've reached my limit of being willing to push this message without some support. More importantly, it takes the committed company of others to move a nation. It takes teamwork.

If you don't want to go through another fake recovery that leaves you poorer (because the set-up is starting to happen right now), then you need to take action right now. No one is going to stand up for us, except ourselves. One action you can take is supporting this insignificant David who is willing to take these Goliaths on with his little stone-like articles shot from his little sling of a website. I'll make all the noise I can if I have a small committed following. It's time to rally that effort.

Here are my goals:

If we reach a collective minimum of $500 per month, I'll keep writing the website and improving it (with the help of some committed volunteers who have already stepped up to the front lines) for, at least, the next half year in order to see if more substantial support is out there. After all, why should I keep donating so much of my own time to this important effort, as some kind readers have asked me to do, if others are not willing to give some of their strength to it, too? Some readers already offered such support in the comments section of The Great Recession Blog if I would provide a way for them to make the donation. So, here it is. I chose Patreon because it is a highly trusted platform used by numerous writers, which allows commitments of monthly support where other sites are only set up for one-time contributions. I need a solid base of monthly support to continue, even if it comes in small amounts from each individual, each as they are able.

You see, I spend about 80-100 hours a month publishing my economic articles on The Great Recession Blog and on several other economic websites. That means $500 in monthly donor support comes to about $5/hour for my time. Obviously, that is not much pay for professional writing skills. (I'm an English major and have been writing (for pay) for newspapers, magazines and book publishers, such as Putnam, for 35 years on other topics as an avocation to my main career. Those publications also had support; they called them subscribers; but I want my site accessible to everyone, or how will it accomplish its mission?)

At the $500 level of total support, I'm still charitably giving of my time to this particular topic solely because I believe passionately in the importance of this message. $500 says to me there are enough people who also passionately believe in the importance of my continued efforts to battle the establishment for me to continue. One cannot win such a battle alone; so, if there is not, at least, that much support behind me after seven years of building a following, I don't see why I should continue.

If you do become a regular supporter, and we don't hit that minimum level by the start of 2019, I'll write for one more month, so that you, at least, get the month's worth of writing you contributed to (and you can stop your monthly donation at the end of December), and then I'll discontinue writing on this topic permanently at the end of January so I can move on to writing screenplays and things that are a whole lot more fun to write (if one is going to write for free) and that might someday pay something. $500 a month says, "We're genuinely with you! We may be a small group, but we're committed."

My more hopeful goal is to get to $5,000 per month by the summer of 2019 because then I can quit my day job and focus a lot more time on beating the establishment before it beats us all over again. We certainly don't have to hit that level for me to continue writing my blog for years to come; but if we hit that level, I'll quit my day job. I made more than that at my career profession (resort property management), but I semi-retired a few years ago so that I could focus on this writing project. I don't have a pension as of yet (because I'm only 59), so I do other part-time work. $5,000 a month would be enough for me to quit my other work and focus full-time on writing in order to try to make an even bigger difference. To me, this is a vital mission.

Now is the only time we have to beat the establishment before they take us into another round of bailouts and other selfish behavior. I hope you'll join me, and I'll also need you to help share this fundraiser if we're going to reach these goals. One way you can do that is by following my Twitter account @BeatEstablishmt to retweet the pithy things I post there, which will have links back to this web page. I'm sure you'll find better more personal ways on your own if the message is important to you.

If you haven't read my articles, you can find them at thegreatrecession.info/blog
Tiers
Money in the tip jar
$1 or more per month
When you stop at the drive-thru for that cup o' Jo that gets your morning started , you drop the change into the tip jar or maybe even a whole buck. This tip represented in this tier isn't even a dollar per stop because it's for the whole month, and I'll serve you several articles a month. Still, what your are doing is more than most readers on the internet ever do, and it says, "Thank you!"


Or think of it as if you're walking along the sidewalk and someone is playing the sax in a way you love. Sure, there will be others who will tip him, so you don't need to, but you drop a dollar in the jar anyway, just to say "Thanks." You get the benefit of knowing you have expressed your sincere appreciation, and that there is, at least, a little reason for him to keep coming back.


For becoming someone who doesn't just endlessly receive for free, you become a blog member and will gain access to a member's-only forum. You not only get to listen to the musician play, but you get to discuss the economic events of the morning with him and with the other regulars who hang around after he's done. The difference in the forum and the comments section on the blog is that you can create theme threads on economic topics that are of interest to you. Threads don't have to relate to any particular article, and a monitor will try to keep the discussion in your thread relatively on topic (though a little straying can be fun).

A mocha for me.
$5 or more per month

When you pass by that sax player on your way to lunch and have time to stop and listen, and you want to improve the likelihood that he's there in the future, you drop $5 in his jar. The benefit is that you get that smile that comes to your face and his when you pass by the next morning and he's holding a cup of coffee, too -- a cup that was on you.


At this level, besides joining the member's-only forum, you get an added benefit. You are a serious patron. You've done more than express your thanks, so you get to participate in a special "lunch" once in awhile with the musician and few friends. What I mean by that is you'll be granted special access to articles that will be posted for serious supporters only. You'll become a Premier Post Patron. This is the action level of giving, and these "lunches" are for the more active givers.

You're taking me out for breakfast
$10 or more per month
You're more than a serious supporter; you're an enthusiast, and we share a love for the same music.  So, we're going to sit down and have coffee and a breakfast sandwich together to talk about the music. In other words, in addition to being able to participate in the member's-only forum and having privileged access to a special article from time to time, I'll give you my personal email address so we can have one-to-one conversations once in awhile. (Probably not every day if you want me to keep writing, as we're both hoping for a a good number of contributors at this level in order to keep me making discordant music for the masses.) If I produce any ebooks, as I hope to do, you'll also get a free copy as soon as they are available. The main reward, though, is in how much you're helping keep the message going to the people who most need to hear it.
Amping it up!
$25 or more per month
You are in this world to wake up the sleep walkers who are passing by. You recognize I'm trying to do the same thing with my morning music, and you think it is just the thing that can help. You are sick of the banksters you see walking by in their fancy suits each morning, never even dropping a buck in the tip jar. You think maybe a little more volume will get their dopy-eyed attention, so you're going to contribute to my amplifier fund so that I can go electric with my sax in order to be be heard over all the noise that fills our city. 


Besides the benefits listed above, you get to request an article now and then that is important to you, or you tell me what other reward would be meaningful to you. (Honorable mention in an article? A link in your requested article to your business? The article still has to be on a topic and of interest (in my opinion) to a large number of readers; but I'll try to work out something that works for you because you are now an active participant in this movement.) You are a patron extraordinaire.

We're doin' a concert!
$50 or more per month
You're so sick and tired of how the powers on this planet of ours are running the show to their own benefit that you're going to help create a show of our own right at city center. We're way past getting a small amp for the sax to be heard over the local traffic. You're a mover and shaker, and you're going to help build a platform. WE'RE PLAYING TOGETHER! We'll find a few others to join us and become a band or even an orchestra. This is a concert-grand size contribution to wake up the world! 


Extra benefit: If you've got a great singing voice, you can perform your own solo article on the site once a month via an article of your own with your own promotional link (so long as your article contributes to the economic discussion). As an alternative, let me know what kind of benefit from the site would be most meaningful to you. You can also email me anytime about what's on your mind, even if it is just to converse about events of the day one-to-one. 



However, if you're the kind of patron who says, we're going to CHANGE THE WORLD TOGETHER, there is an option under all these tiers to enter a monthly contribution of any size you determine. You are a person with the means to say, "We're going to Washington, DC, and we're staging a benefit concert for the world right at the base of the Washington monument so all the politicians who need to wake up and listen to music will hear it. (Well, it's not that we're actually going to have a concert, but you're one who wants to support what I'm writing in a major way and has the means to do it.)

Goals
$533 of $5,000 per month
I hope to reach this goal by the summer of 2019 because then I can quit my day job and focus on beating the establishment before it beats us all over again.
2 of 2
Beat the Establishment Before it Beats You ... Again.

We are just about to see the same financial crisis happen to us all over again because the entire world apparently learned nothing from the collapse that we now call "The Great Recession."

My goal in writing The Great Recession Blog has been to help people see what we did wrong in order to avoid repeating it. I felt driven to write the blog because I saw the Great Recession coming in 2007, but real-estate agents I talked to back then thought I was nuts. I was surprised that no one appeared to see it coming even when I explained to them why we were about to enter a real-estate crash that would bring down global banks and devastate the entire global economy. People thought such a thing was ridiculous partly because it seemed too big to be true and mostly because people don't see the things they don't want to see.

My ex-wife's family members were spared from the housing collapse because I urged her to pressure them, if necessary, to sell the small estate they jointly owned. I told her they'd thank in the end. They were able to see the logic of what I was saying through her, and they sold -- less than half a year before the collapse. So, a person who speaks reasoned persuasion with enough effort can get a message through.

When the housing market collapsed, George Bush said he needed to give up his capitalist ideals in order to save capitalism; but it wasn't capitalism he was saving. It was simply capitalists. Pigs. It turned out our bankers were only capitalists so long as they were rolling in massive profits; but they became socialists overnight when it came to socializing all the risks from their losses. The entire world readily accepted the risk of those bailouts because everyone was alarmed by what looked like a greater risk if those banks fell, crushing everyone.

True capitalism would have let the dead wood burn away, but we don't practice true capitalism. Instead we did everything we could to save the falling giants. As a result, the forest floor around us is littered with more dead wood and standing rotten trees than ever before. Incredibly, the banks that were too big to fail were made by government design into vastly larger banks as part of the grand recovery scheme! How does that make any sense?

That is why I felt compelled to start writing about economics. I'd listen to mainstream television and read all kinds of economic publications, and everyone everywhere was talking about this absurd recovery effort as something that we simply had to do and talking about it as if it was actually solving the underlying problems that allowed economic catastrophe to befall the entire world in the first place. No one went to jail. No one in the press was suggesting anyone should. They all actually believed the Federal Reserve's recovery effort would work! I couldn't believe how easily the masses rolled over, and yet I kind of could because all the experts were saying the same thing. "This is what we have to do."

The worst part of it all was that the plan I refer to now facetiously as "The Great Recovery" increased the size of all the problems that caused the our global debt-based collapse. How insane is that? And the world went for it! Our inept economic designers expanded debt everywhere in the world; they created vast amounts of free money out of thin air; they gave all the new money only to the richest bankers; they restored none of the banking regulations that had once curtailed such greed; they continued to issue mortgage-backed securities (those financial black boxes full of tangled assets that even the experts seemed incapable of unthreading and understanding); they continued to allow adjustable-rate mortgages that had proven to be catastrophic time bombs in the last collapse (where we pretend people will be able to afford higher interest in the future that they cannot afford now); they continued the lax credit qualification terms that undermined financial security the last time around; and the worst part was they put the players who caused global collapse in government positions to solve it! That was all true under Bush, true under Obama and is still true under Trump.

My track record of reliable information

Along this path of fake recovery, I have predicted each of the major downturns the economy took. Each downturn required more extraordinary measures to save the phantom recovery. (My blog stands as a track record to prove it.) I predicted the timing of the United States' first-ever credit downgrade during the Obama Administration and of the stock market plunge caused by the downgrade. I warned that the spine of the bull market would break in late 2014. It did, and market went nowhere all the way until November 2016. The market's troubles only ended when Trump was elected and the Trump Rally began, but I also said during the summer of 2017 that the Trump Rally would end in late January, 2018. From there, I predicted the next big leg down for the stock market would start in the early summer. O.K. I was off by two months on that one because the market didn't peak unto August. I said things would get much worse in the fall. In the summer, warned that we should probably expect an October surprise, and the market really started to dive in October.  It is still continuing its October plunge for exactly the reasons I said it would -- bond interest spikes that are caused by the Fed's Great Recovery Rewind, the program by which the Federal Reserve intentionally undoes all that it did to create its fake recovery under the insane belief that it can do the reverse of what it did to create "recovery" and not undue its recovery.

These times of turmoil are predictable because the Federal Reserve tells us its schedule for ending it recovery efforts and then even reversing them, and it tells us these things well in advance. With each promised change in the Fed's life support, I laid out how the economy would degrade at that point. The failure of the Fed's recovery to sustain itself each time has never failed to prove me right. The Fed's recovery was guaranteed to fail because it ignores economic laws that modern economists believe no longer apply to such superior beings.

The establishment's plans are now breaking the global economy ... again

As I write this, the economy is breaking up along the exact fracture lines that I said on The Great Recession Blog would be most evident as we start to enter the Second Great Recession or Great Recession 2.0. These fracture lines are a second housing collapse, a return to the threatened closure of automobile factories (Carmageddon), plummeting stock prices with rapidly rising interest rates being the main driver. The Fed's recovery was built on a rickety financial scaffold that spans an enlarged cavern of debt -- a pit government debt, corporate debt and personal debt the likes of which the world has never seen! This is highly vulnerable to rising interest. We paid for the recovery by not actually paying for it but pushing it ahead for others to deal with because we didn't want the pain from our own failures. (Remember hearing "kick the can down the road" a lot?) We sucked economic strength out of the future to keep propping ourselves up a little longer.

That is why we are now going to repeat the crash all over again bigger and better than ever. We did not make the huge changes required to build a stable economy. We clearly learned nothing from the first crash, and so we will also repeat history in an even bigger way unless some voices somewhere raise awareness to the fact that we have to make major changes in how are economy operates if we are going to escape these increasingly widening cycles of debt collapse.

Now that we are entering a time when stocks, bond funds, automobile sales, and housing sales are trembling millions of people may start to listen. As it becomes evident that the bankers, economists and politicians that govern our world -- "the establishment" -- has failed miserably ... again ... ... and is back to begging for bailouts ... again ... ordinary citizens will start looking for new answers. The establishment already has its ready answers (excuses) about how no one could see this coming, but you could see it coming! I saw it coming, and the The Great Recession Blog, and its regular readers stand as a witness to that. A few others have, too.

My reason for saying this is that the ability to see it coming with such accuracy proves the reasons give for why it would fail are correct. That means we need to start with those when it comes time to rebuild again. The second coming of the Great Recession was baked into the design of the recovery efforts because the greedy sought to serve solely themselves with their fake recovery.

So, make it stop!

Here's the deal:

I'm willing to continue bashing the banksters and poking their pocket politicians in the eyes and lampooning the lunacy in the media with your support ... but not without it.

Even thoughThe Great Recession Blog averages around 20,000 for each article (with the highest being close to 100,000), only 30% of the readers see the ads since most people use ad blockers. Only 1-3% of those click on the ads, and those clicks pay maybe an average of twenty cents each. Do the math: that comes to about $36 per article, and it takes me a few days to research and write one article. I made more than that back in Middle School mowing lawns. So, clearly I need patrons to sustain this mission -- readers who genuinely believe in the cause enough to want to see the articles continue who will support the effort. Because it's vital that the articles have the widest outreach possible, I'm looking for committed donors.

Unless you want to experience an endless rinse-and-repeat of recession cycles, someone outside of the mainstream media needs to keep bringing our fundamental economic flaws to light with strong, rational arguments and persuasive writing because it serves those establishment banksters best to keep repeating the cycle! How does it serve them? Who do you think keeps their money when the entire economy crashes while taxpayers back their failed enterprises by shouldering all the financial risks? Who got to keep their ballooning bonuses when their corporations failed last time? Who gets to keep all the real-estate when foreclosures happen or gets to suck it up at fire-sale prices? Who got virtual vaults of free make-believe money from the Fed stuffed directly into their reserve bank accounts?

You see, it takes a special kind of person to become CEO of a major bank these days. That's why they get paid obscene salaries. Consider: You have to be able to take a titanic institution that has survived every economic problem for a hundred years and break it in exactly such a way that the government will bail it out with tens of billions of dollars while the citizens of the nation all let that happen. Doing it right assures you and your shareholders end up richer than ever. It takes pure evil genius to pull that off while smiling at the general public as you ensconce your proteges into a presidential cabinet positions so you can make sure the nation does it all over again!

I'll bet it did not fully escape your attention that nearly all of the banksters who broke the world became richer after the world broke. Do you think that is going to change next time around without a multitude of people making a very loud noise against it?

Who do you see cheerleading that effort?

CNN? Fox? The New York Times? Bloomberg? Fortune? The Washington Post? The Wall Street Journal? Of course not. They all love Wall Street, and they are enamored by credentials and celebrity! That means it is impossible for me to get my articles to run in those paying publications. My articles run on a lot of alternative media sites, bringing in another 100,000 or so readers for each article, maybe more because some of those sites don't report readership to me; but none of those sites will pay a dime for my writing. So, without financial supporters at a grassroots level, these articles won't happen because I've reached my limit of being willing to push this message without some support. More importantly, it takes the committed company of others to move a nation. It takes teamwork.

If you don't want to go through another fake recovery that leaves you poorer (because the set-up is starting to happen right now), then you need to take action right now. No one is going to stand up for us, except ourselves. One action you can take is supporting this insignificant David who is willing to take these Goliaths on with his little stone-like articles shot from his little sling of a website. I'll make all the noise I can if I have a small committed following. It's time to rally that effort.

Here are my goals:

If we reach a collective minimum of $500 per month, I'll keep writing the website and improving it (with the help of some committed volunteers who have already stepped up to the front lines) for, at least, the next half year in order to see if more substantial support is out there. After all, why should I keep donating so much of my own time to this important effort, as some kind readers have asked me to do, if others are not willing to give some of their strength to it, too? Some readers already offered such support in the comments section of The Great Recession Blog if I would provide a way for them to make the donation. So, here it is. I chose Patreon because it is a highly trusted platform used by numerous writers, which allows commitments of monthly support where other sites are only set up for one-time contributions. I need a solid base of monthly support to continue, even if it comes in small amounts from each individual, each as they are able.

You see, I spend about 80-100 hours a month publishing my economic articles on The Great Recession Blog and on several other economic websites. That means $500 in monthly donor support comes to about $5/hour for my time. Obviously, that is not much pay for professional writing skills. (I'm an English major and have been writing (for pay) for newspapers, magazines and book publishers, such as Putnam, for 35 years on other topics as an avocation to my main career. Those publications also had support; they called them subscribers; but I want my site accessible to everyone, or how will it accomplish its mission?)

At the $500 level of total support, I'm still charitably giving of my time to this particular topic solely because I believe passionately in the importance of this message. $500 says to me there are enough people who also passionately believe in the importance of my continued efforts to battle the establishment for me to continue. One cannot win such a battle alone; so, if there is not, at least, that much support behind me after seven years of building a following, I don't see why I should continue.

If you do become a regular supporter, and we don't hit that minimum level by the start of 2019, I'll write for one more month, so that you, at least, get the month's worth of writing you contributed to (and you can stop your monthly donation at the end of December), and then I'll discontinue writing on this topic permanently at the end of January so I can move on to writing screenplays and things that are a whole lot more fun to write (if one is going to write for free) and that might someday pay something. $500 a month says, "We're genuinely with you! We may be a small group, but we're committed."

My more hopeful goal is to get to $5,000 per month by the summer of 2019 because then I can quit my day job and focus a lot more time on beating the establishment before it beats us all over again. We certainly don't have to hit that level for me to continue writing my blog for years to come; but if we hit that level, I'll quit my day job. I made more than that at my career profession (resort property management), but I semi-retired a few years ago so that I could focus on this writing project. I don't have a pension as of yet (because I'm only 59), so I do other part-time work. $5,000 a month would be enough for me to quit my other work and focus full-time on writing in order to try to make an even bigger difference. To me, this is a vital mission.

Now is the only time we have to beat the establishment before they take us into another round of bailouts and other selfish behavior. I hope you'll join me, and I'll also need you to help share this fundraiser if we're going to reach these goals. One way you can do that is by following my Twitter account @BeatEstablishmt to retweet the pithy things I post there, which will have links back to this web page. I'm sure you'll find better more personal ways on your own if the message is important to you.

If you haven't read my articles, you can find them at thegreatrecession.info/blog

Recent posts by David Haggith

Tiers
Money in the tip jar
$1 or more per month
When you stop at the drive-thru for that cup o' Jo that gets your morning started , you drop the change into the tip jar or maybe even a whole buck. This tip represented in this tier isn't even a dollar per stop because it's for the whole month, and I'll serve you several articles a month. Still, what your are doing is more than most readers on the internet ever do, and it says, "Thank you!"


Or think of it as if you're walking along the sidewalk and someone is playing the sax in a way you love. Sure, there will be others who will tip him, so you don't need to, but you drop a dollar in the jar anyway, just to say "Thanks." You get the benefit of knowing you have expressed your sincere appreciation, and that there is, at least, a little reason for him to keep coming back.


For becoming someone who doesn't just endlessly receive for free, you become a blog member and will gain access to a member's-only forum. You not only get to listen to the musician play, but you get to discuss the economic events of the morning with him and with the other regulars who hang around after he's done. The difference in the forum and the comments section on the blog is that you can create theme threads on economic topics that are of interest to you. Threads don't have to relate to any particular article, and a monitor will try to keep the discussion in your thread relatively on topic (though a little straying can be fun).

A mocha for me.
$5 or more per month

When you pass by that sax player on your way to lunch and have time to stop and listen, and you want to improve the likelihood that he's there in the future, you drop $5 in his jar. The benefit is that you get that smile that comes to your face and his when you pass by the next morning and he's holding a cup of coffee, too -- a cup that was on you.


At this level, besides joining the member's-only forum, you get an added benefit. You are a serious patron. You've done more than express your thanks, so you get to participate in a special "lunch" once in awhile with the musician and few friends. What I mean by that is you'll be granted special access to articles that will be posted for serious supporters only. You'll become a Premier Post Patron. This is the action level of giving, and these "lunches" are for the more active givers.

You're taking me out for breakfast
$10 or more per month
You're more than a serious supporter; you're an enthusiast, and we share a love for the same music.  So, we're going to sit down and have coffee and a breakfast sandwich together to talk about the music. In other words, in addition to being able to participate in the member's-only forum and having privileged access to a special article from time to time, I'll give you my personal email address so we can have one-to-one conversations once in awhile. (Probably not every day if you want me to keep writing, as we're both hoping for a a good number of contributors at this level in order to keep me making discordant music for the masses.) If I produce any ebooks, as I hope to do, you'll also get a free copy as soon as they are available. The main reward, though, is in how much you're helping keep the message going to the people who most need to hear it.
Amping it up!
$25 or more per month
You are in this world to wake up the sleep walkers who are passing by. You recognize I'm trying to do the same thing with my morning music, and you think it is just the thing that can help. You are sick of the banksters you see walking by in their fancy suits each morning, never even dropping a buck in the tip jar. You think maybe a little more volume will get their dopy-eyed attention, so you're going to contribute to my amplifier fund so that I can go electric with my sax in order to be be heard over all the noise that fills our city. 


Besides the benefits listed above, you get to request an article now and then that is important to you, or you tell me what other reward would be meaningful to you. (Honorable mention in an article? A link in your requested article to your business? The article still has to be on a topic and of interest (in my opinion) to a large number of readers; but I'll try to work out something that works for you because you are now an active participant in this movement.) You are a patron extraordinaire.

We're doin' a concert!
$50 or more per month
You're so sick and tired of how the powers on this planet of ours are running the show to their own benefit that you're going to help create a show of our own right at city center. We're way past getting a small amp for the sax to be heard over the local traffic. You're a mover and shaker, and you're going to help build a platform. WE'RE PLAYING TOGETHER! We'll find a few others to join us and become a band or even an orchestra. This is a concert-grand size contribution to wake up the world! 


Extra benefit: If you've got a great singing voice, you can perform your own solo article on the site once a month via an article of your own with your own promotional link (so long as your article contributes to the economic discussion). As an alternative, let me know what kind of benefit from the site would be most meaningful to you. You can also email me anytime about what's on your mind, even if it is just to converse about events of the day one-to-one. 



However, if you're the kind of patron who says, we're going to CHANGE THE WORLD TOGETHER, there is an option under all these tiers to enter a monthly contribution of any size you determine. You are a person with the means to say, "We're going to Washington, DC, and we're staging a benefit concert for the world right at the base of the Washington monument so all the politicians who need to wake up and listen to music will hear it. (Well, it's not that we're actually going to have a concert, but you're one who wants to support what I'm writing in a major way and has the means to do it.)