Sunday, October 5, 2008

Again with the economy

The economy is diving like a deep sea explorer and everyone seems to just be oblivious to the consequences. The American people seem to think, "Oh, well, home prices are dropping, but that doesn't effect me because I am not looking to sell my house." Then it was, "Oh, well, the mortgage companies and banks are failing, but that doesn't effect me because I am not looking to get a loan." And now it is,"Oh, well, the government is bailing out the stock market so my stocks will be guaranteed by the Government, so we are still OK." and "Gas prices keep going up, but I have to drive to work, so I have to pay it."

Does no one actually understand what banks failing and rising gas prices actually means. I means that any money you have may not be readily available if you want to withdraw it. It means that the CD you have may or may not be there when you get ready to cash it in. It means the credit card that you are paying 15% interest on may go up to 20 or 30%. It means that businesses cannot get operating loans to stay in business. It means that transporting goods from the port cities and distant farms is more expensive so the prices of everything will be going up.

And the real joy of all of this is the $700 Billion Pork Bill that just passed into law means that taxes on everything will be going up. Isn't that GREAT? That, all by it's self, means we will be paying for all of the piddly little special interest programs that couldn't get passed by themselves are now going to happen. And we get to pay for it. Whether we want to or not.

So as a recap, No credit available to anyone, might not be able to get to our money, food and gas prices will be skyrocketing, and taxes will be raised to an insane level.

I am not normally one to predict doom or believe in conspiracies, but I just cannot see how any of this is recoverable. Europe is beginning to suffer the same way and the Asian markets are beginning to fall as well. If something doesn't change soon, the entire world economy will just be going to hell in a hand-basket.

Is anyone really ready for this? Do you have a plan ready in case it all falls apart?

No comments:

google search

Custom Search

dream weaver stats