Herb Kay's S.O.S. System
  April 9, 2010
  "I'm Herb Kay and the most important thing to know about me is that I'm not going to lie to you or pull your chain. Ever. In my S.O.S. Guides, I give you, well, guidance, in a straight-talking and step-by-step way. The website offers the "advice side" of my system. Here, in my blog, I'm going to dig a little deeper and get a little grittier. That's the opinion side of my system. Will I say something that might shock you? Maybe. Will I ruffle some feathers? Perhaps. Will you close the page with some food for thought? Absolutely."

The Herb Kay Way is the straight forward, never-mince-words way. Check out Herb's latest blog on your money, your career, your debt, the economy and the world we live in.
 
When Downsizing is a Powerful Tool
Can We Address the Important Issues?
Just a Sentence or Two.....
A Dose of Reality
Getting Involved and Taking a Stand
Study Up on Your Loans
Drop Back Ten and Punt!
Who Can you Depend On?
Some Sobering News About the Economy
Grab a Beer and Take the Slide Home......
Another Loophole, Another Lesson
What is Your Core Conversation?
Loyalty and Leadership
The Argument for Being a Grownup
The 'Business' of Complaints
Electricity in the Air......
Taking a Hard Look at the Figures
A Public Life
My "Advice" to You
Perspective vs. History
Worried Sick!
It's About the Kids!
Gooooooooaaaallll?
Where Will the Money Come From?
Immigration Arguments: Debunked!
Blame Policy, Not Banks
Happy Birthday America!
Crony Capitalism
G8/20 and What That Means For You!
Our Economy and the Free Market
Building a Bubble?
"Fixing" Our Problems
The $20 Billion SNAFU
A Screaming Deal!
Action Breeds Success!
It's Going to Take Some Effort!
Getting Our Lives Back
For Better or Worse......... I Prefer Better
The Pressure to be President.......
This Great Nation......
Financial Reform - Ha...what a joke!
Municipal Bonds are a thing of the Past!
Feeling Good!
Moving Forward
The Signs Are All Around Us
It's a Grim Diagnosis
Oh, the Pressure.....
The Big Fat Greek Fallout
It's Getting Ugly......
Perfection is a Myth
Be Different
Moving on While Moving Ahead
An Immigration Abomination
I've Got a Question.......
Logic vs. The Logistics of Inflation
The Free Market - Greed at its Very Best
Informed on Inflation
Don't Fix What Isn't Broken
Harnessing Energy - The Herb Kay Way
Staying Ahead of the Curve
What Trade Deficit?
Greek to Me
There's a Bridge in Brooklyn......
Problems That Don't Exist
Don't Invest in Mediocrity
The Fed's Mutually Exclusive Roles
Deadly Serious
Election Year Scapegoats
"Willfully Insane"
Balancing your Beliefs - How Our Political Convictions Influence the Debate Over the Economy
Let's Reward the Renters
Don't Plug the Hole.......Replace the Bucket!
Europe's Safety Net
The Collapse of the System
Apple Makes a Lemon
Pot, Capitalism & The Free Market
Who is Your Banker?
Real Estate? Now is NOT the Time!
Grading on a Curve
When the Inflation Stars Align
When Foolishness Goes International....
The Recovery?
The Competitive Advantage of Reaganomics
What Wednesday Brings.....
Stopping The Addiction
Signing On The Dotted Line
Be Optimistic - Not Foolish
The Real Story
Selling Your House (and your credit) Short!
The Entitlement State
It's Anyone's Guess
Ask, And You Just Might Receive
Crazy Like A Fox!
It's Only Tuesday!
Spending Some Time - Cutting Spending
There's No Such Thing As Easy Money!
What Exactly is Responsible Borrowing?
Just Bite The Bullet
With Change Comes Turmoil
Q & A......The Herb Kay Way!
Wanna Bet? Gamble on Inflation!
A Lesson on Education
Two Different Beasts: Why Price Does Not Equal Wealth
For this Party - Three's a Crowd
Good Luck With All of That!
Dear Mr. Bank President:
It's Not That Simple
Raising the Stakes
State of The Union: The Herb Kay Way!
Capital Gains - Your Pains!
Cooking the Books
What's in a Name?
Questionable Choices: Healthcare Reform
And the Person of the Year Is......
A History Lesson
Goverment's Stimulus Fairytale
Let's Hope I'm Wrong
Fake Money = Real Problems
Collectors Lie
35 Million Americans Can't Be Wrong
Simple Truths, Simple Lies
Lending and The Federal Reserve: Why Making Banks Rich Again Will be Bad for the Economy
Are You Health Care Aware?
Have Good Credit? With New Legislation in the Works, the Question is, Who Cares?
Healthcare and the President
Tips for Choosing a Bank and the Right Bank Account
 
Problems That Don't Exist
 

He we are facing the biggest crisis in our history since the Civil War and still we are arguing about things that, if left alone, would take care of themselves.  For example, in Los Angeles there is a fight brewing over a proposed utility rate increase to fund a change to "Green" power sources, like wind as opposed to fossil fuels.  Look gang, I know that it is accepted science that green power is better than fossil power, but that is just a lot of junk nonsense.

The truth is that so-called green sources of energy are in fact a weird throw-back to 12th Century technologies as opposed to 21st Century solutions.  We have been using windmills in one form or another for a long, long time and the reason that we converted to oil, coal, and natural gas over the past 100 years or so is because it is a LOT more efficient.  Simply, we can get a lot more power cheaper if we use fossil fuels as opposed to wind or sun or any other ancient thing that doesn't really work.  That is why it costs so much more.  It is just supply and demand.  Since we have to work much harder to get less power, the power will cost more.

Now, lest you think I am some sort of Neanderthal who defends only the interests of big business, I think that nuclear power is just as dumb.  The president, not to be left behind in the race to introduce more stupid government solutions to problems that are not really problems at all, has proudly announced the building of new nuclear plants for the first time in decades.  This is hailed by even republicans as a great thing.  It's not.  Nuclear power plants need heavy government subsidies just like wind and solar to run.  If this power was such a great thing, why does it cost more?  Simple, it sucks.

Look, free markets tell us everything we have to know about just about everything we have to do in just about every area of our lives.  The cheapest power is the best power and that means fossil fuel?  What about foreign oil and our dependence upon it?  It's no big deal; we need to buy it, they want to sell it, and it is a lot cheaper than any other alternative.  What if we drill more in places like ANWR or offshore?  Well, we pick up a little but nowhere near enough to offset foreign purchases, but so what?  What is really the problem with that?  Oh, they get "our" money?

Here is the truth, after you pay a vendor for a product or service it is no longer your money; it is theirs!  How we get lost in simple answers to problems that don't really exist.  The world is swimming in oil and natural gas.  When it really starts to run out a century from now, private industry will have long since developed alternatives that make sense meaning that they don't need government subsidies to run day to day.

Somehow as a culture, we have gotten into a mindset that if the government does something, their intention is somehow more noble than private enterprise - which is only motivated by greed.  How did we get that way?  Since when is profit anything other than a good thing because it means that the product or service is being delivered as efficiently as possible?  I just don't get the mindset that government is good and business is bad.  It is absolutely the other way around.