East India Wall Street

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The company was booming. It was harvesting tea from Asia and selling throughout the empire. Times were good and tycoons were fat and wealthy. Times couldn’t be better as the government subsidized East India Company collected record profits from the subjects throughout the British Empire.

In Parliament, and with an economic need for further subsidization for a sprawling empire, Great Britain passed tax levies on East India Company tea that affected colonists throughout the empire. With little or no influence in Parliament – certainly no representation – John Hancock of Massachusetts Bay Colony began a black market operation to bypass British tea, instead choosing to import from the Dutch who levied no such taxes.

The year was 1773, and the actions initiated by Hancock and others in the Thirteen colonies culminated in a Continental Congress and a Declaration of Independence three years later.

Several hundred years later, a different economy exists. Again, business was booming as traders and bankers invested in assets with unlimited potential. In fact, the only limit of value on the assets was that which the imagination could merit.

Money flowed freely, encouraged implicitly by Congress and central banks across the globe. Indeed, the age of the American Empire extended and exported its wares in the form of the dollar far and wide across the globe, affecting Asia, Europe and points in between. Times were golden and assets gained steam.

When the market realized an over-inflation of prices and assets, it was too late. As Parliament realized that a dying industry required economic infusion, and passed an import tax that resulted in the revolt and the beginning of the end of economic dominance for the British Empire, America faces a similar scenario.

Does it infuse and, by proxy, prop up an economic policy that has reached its potential limit, and by doing so ignore the history that can teach them so much? Or does it allow an economic recession to happen, recognizing that one mans loss is another mans profit?

I’ve been given grief, even by my own people here at Technosailor, for covering content that is not directly social media related. That is not the point of this blog. We cover the technology, business and trends of the day to help readers understand the landscape.

These are difficult times, and people are losing money hand over fist. It’s going to happen. It has to happen. The American empire is not about territory. It is about the Dollar and the economy of America is the economy of the world. It needs correction and, like Parliaments actions of 1773 resulted in the ultimate death of the British Empire, the meddling of Congress in markets affected by failed policies of the same, will ultimately result in the death of the American Empire.

Of course, the death of the American Empire is not entirely bad either. The U.S. could use a little bit of humility, but to do so will hurt for many many people… not just Americans.

Senate Opens the Door for Web 2.0 Usage

Back in July, we covered the story about Congressional use of Twitter and social tools ad nauseum. Frankly, it was an epic story around here – defining in many ways – and has opened the door for other opportunities to be involved in the political and policy discussion around Washington, D.C.

I plan to have Congressman John Culberson, who was at the center of the House controversy, on the Aaron Brazell Show in weeks to come to discuss the changes and progress being made in the House, it’s important to note that the Senate actually has taken the first step to modernize and unshackle legislators hands.

Andrew Noyes writes Wednesday in Congress Daily about the changes (subscription only):

As part of the change, Rules Chairwoman Dianne Feinstein and ranking member Robert Bennett included some exceptions. A member, committee or office may separately maintain Web sites or post material on third-party platforms as long as they abide by guidelines.

The Rules Committee plans to offer a “non exhaustive list” of approved third-party sites. Those sites must agree to disclose when content is maintained by a Senate office and is banned from adding commercial or political material or links to an office-maintained page.

The rules also go on to outline rules for the third party websites, prohibiting data collection of personally identifiable information about users.

All in all, common sense approaches to web/government crossover and it’s nice to see that the Senate rules never become a political football like the House rules did. The House is trying to mirror these rule changes on their side.

The Aaron Brazell Show: Episode 1 – Politics, Policy and Technology

Saturday night, I was joined by Leslie Bradshaw, Art Lindsey (who I started calling Al toward the end of the show, sorry Art!), Leslie Poston and Andrew Feinberg in an interesting discussion about policy and technology inside the beltway. Steve Hodson and S. Dawn Jones also joined in during the show.

It was a fascinating discussion, and borderline offensive at times, as discussions revolved around Congress and Social Media, which I covered here last week, racism on the internet and the iPhone 3G, which Hodson found offensive. :-)

To be clear, because I heard loudly and clearly from many listeners, politics is a sensitive area. Everyone thinks they are right and people typically prefer arguing than dialogue. I prefer dialogue and tried to Picture 5.pngmaintain some semblance of give and take. For my part, I remain independant with both conservative and progressive views on various issues. I don’t mind arguing and debating or even people telling others that they are completely wrong. The line that I draw is one of respect and when the respect line is crossed, that’s where I have issues. Despite the sensitive nature of some of our discussions, I don’t believe the respect line was crossed and I support the right of all the panelists to express their opinions, even if it offends some.

While this was the first episode of the Aaron Brazell Show (successor of the failed video show Technosailor TV), it won’t be the last. Next week, Glen Stansberry and Jared Goralnick join to discuss productivity and Freshbooks is giving away a one year subscription to it’s Shuttlebus package.

You can listen to Episode 1 or Subscribe in iTunes.