What Is Business Intelligence?  Do You Even Need That Answer?

What is business intelligence?  Is it something that is only relevant to the person looking to be an entrepreneur?  I don’t think so.  In fact I think it is critical for all of us to seek out sources of business intelligence tools.

The first tool would be accurate history books.  The old saying that “those who do not learn from history are destined to repeat it," is exactly correct.  Part of the challenge is that most of our schools do not teach financial literacy at all.  And part of that void in financial education is an understanding of how past events shape future directions.

I posted a page a while back about the reichsmark collapse that led to financial ruin for  many in post World War II Germany.  That page gave a detailed account of what led to the wild inflationary spiral of that German currency after the government deliberately devalued their own money.

History has taught us that when nations take this course, eventually it ends badly.  Evidence goes back at least as far as the Roman Empire.  Today we see the same tactics being attempted openly in Japan and other countries.  But it is also being set in motion in our own country. 

Proper business intelligence would dictate that we be aware of the ramifications of this effort and be prepared if it isn’t stopped by an electorate willing to rise up and demand accountability by elected officials.  I’ve given you a couple good books to help you with that preparation.  Within the page about financial crisis, you can find a source with excellent history of being correct about what is on the horizon. 

You can find more options on the page about deflation.  You’ll also see a couple viewpoints that differ on some specifics. 

What Is Business Intelligence In Relation To The Big Banks?

Answering the question, what is business intelligence would also include an understanding of the big banks role in dictating money policy.  This current financial situation is being totally controlled by artificial means.  The central banks are pulling the strings.  In America the central bank is the federal reserve system.  Ben Bernanke locked into a plan to pour fiat currency into the markets in hope of keeping the bubble inflated.

His successor, Janet Yellen has continued this practice, but is slowly dipping her toe into the water to see how far she dares to raise interest rates.  The downside to reversing directions of artificially developed markets is that the tide can turn suddenly and at times uncontrollably. 

Every move the FED makes or even hints at making causes ripples if not waves through the financial sector.  Here are two enlightening paragraphs from past new stories….

“Japan’s stock market plunged into bear territory Thursday, rattling other global markets, amid concerns that the central banks in the U.S. and Japan might tighten the tap of money that has driven stocks higher in recent months.”

And from Michael Hewson, an analyst from CMC Markets, on why the market reacts quickly to FED news, “ Of course there is the other reason that for all the stock gains in recent months investors have finally woken up to the fact that current stock valuations are not supported by fundamentals in the current low growth environment, and all the QE, (quantitative easing), in the world can’t address that particular issue.”

You can read about the secret meeting of the big banks 100 years ago that created this power elite controlled printing press we call the federal reserve on the page about Jekyll Island.  Once again, knowing how we got here will help you plan for the future.  Good business intelligence demands knowing where you are going.

Teaching The Next Generation

Part of our responsibility is to pass along good information to the next generation.  We need to make them aware of what didn’t work for us and to be sure we don’t leave them with our mess.  So far, we are missing on that last one.  What is business intelligence?  Owning up to past mistakes and then correcting them.   

We need to impress upon them the importance of avoiding unnecessary debt in these times of uncertainty.  Actually if you look at history, I’m afraid the times ahead are very certain.

We must show them how to seek return on investment.  They need to know that thousands of dollars in college debt is not going to get them any decent return on investment and may indeed make them a sort of slave to that easy money.

I gave you a page on the student loan default concern.  I think it is vital that we teach the next generation to be fiscally responsible.  Even if that means showing them the scars from our own mistakes.  Those who don’t learn from history….

History Is Often A Predictor Of Future Events

We need to be reminded of the farewell address from Dwight Eisenhower.  He warned against the union of defense contractors and the military.  He called it the military-industrial complex.  What is business intelligence?   Knowing how governments take the focus off economic problems.  

We watched the Soviets invade a land that has been at war with either other nations or itself for centuries.  We didn’t learn from their mistakes and entered Afghanistan ourselves. 

We can add creating a void in Iraq that is still a large killing field, arming rebels in Libya, picking sides in Egypt, and then wading into Syria.  Another reason the mighty Roman Empire collapsed was their attempts to fight wars in far off places. 

The hope would be that a grass roots effort to bring about change in the power elite domination would reverse this dangerous course we travel.  But those in charge didn’t get there by not knowing how to grease the right palms to win elections. 

So in case we have to learn the hard way, it is imperative that all of us know the answer to “What is business intelligence?”  We’re trying to provide as many resources as possible to help you gain that answer.  And then we need you to help pass it on to the next generation.

But be sure you don’t give up on the power of the ballot box. 

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Just below is a quote from "Don't Sweat The Small Stuff" by Richard Carlson.  The chapter title is "Open Your Heart To Compassion." 

"Every day we are given hundreds of opportunities to practice compassion in action.  We can learn to be less reactive and live with more patience.

We can smile when others are serious.  We can drive our cars more carefully, pick up litter on the streets, recycle, and reduce our consumption.

We can resolve conflicts rather than create them, and we can become less judgemental and more inclusive.  When someone is aggressive, we can teach them to be more peaceful.  Instead of waiting for an example, we can be the example.

The more compassion that enters your heart, the happier and more peaceful you will become.  By knowing that you are doing your part to create a better world-whatever form that takes-you will fill any void that exists in your life, and you will begin to find the peace you are looking for."

What's New?

Just below is an article from Peter Schiff about passing the buck from one administration to the next.

Owning The Bubble

Just below is a link to look up your congressional representatives.   Let them know you expect accountability.

Congressional Representative Look Up