After the secretary opened the first meeting for the year, Don indicated there were to be forthcoming radio and pod casts on global economic circumstances. These presentations to spread over forthcoming meetings, virtually during the first quarter of the year. For this evening Aircraft Safety was the main attraction, a 52 minute documentary. Don's introduction stressed an inability of government agencies do their job in this vital matter of safety supervision.
The video dealt with the production of Boeing's 737 NG commercial jet between 1995 to 2002 -- revealing three recent landing accidents -- assertions by employees and independent experts of poor quality control i.e. "non-conforming parts". If what we were shown is true, a truly disgraceful situation involving America's FAA, NTSB (National Transport Safety Board), FJD, The Federal Government, Boeing and its supplier Ducommun Technology. Then there is the "whistle blowers" (Boeing ex-employees) lawyers and hundred of thousands of documents for court adjudication.
After the viewing a club member commented on what might await those ex-employees, when big money and the legal system come together. How a well known media entrepreneur in this country dealt with a "whistle blower" situation some time ago.
Next presentation was the first of three Internet gleanings on and from the United States. Spokesperson critical of post GFC actions in part taken by federal government and its agency. Dealing with the background to the situation and the fallacy of borrowing by government to get out of (deficit) trouble.
Before closing the meeting Don talked about economic commentaries (mentioned earlier) and those economists he would subsequently present. He talked on unemployment statistics and erroneous economic stimulus's, drawing from content found. Mentioning that economists and politicians are divided on how to avoid GFC's. Debt, disappearing currencies and consequence of (currency) inflation, citing recent known facts regarding debtor and creditor countries.
Recorded talks later to be heard, though dealing with woes confronting other nations, can be analyzed with application here, whereby those with power conceal truth ... "by concealing they (politicians) control public opinion"; as in Australia he said so they do elsewhere. Tells the meeting of one commentary dealing with negative aspects of technocracy, elaborates by explaining that technocrats usurp democratic process. Then a member mentioned something contemporary with a US presidential nominee's platform to introduce the "gold standard", he being an adherent of the Austrian School of Economics [Edit. A. S. of E. an explanation goto http://mises.org/etext/austrian.asp]. Concluding this blog (and ASC formality 09/02) by another present relating how check-out machines at libraries and super markets could affect employment.
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