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Is it just me or is this world really as F'ed up as it seems to be?The money deal has me and Wifey a bit worried. Our investments seem to have been in the hands of absolute idiots who now have to be "saved" by the Great White Fathers in Washington.
Last nights NBC news said that the country was a breath away from the mother of all depressions had there not been an 11th hour bailout Thursday evening. Can you believe that?
It's tempting to pull money out of all of our investments and stuff it under the mattress. Seems like that would be the safest place today for hard earned cash.
In God We Trust. That's what is says on our legal tender. There's more truth to that than we ever thought. At this stage of the game who else can we trust? Definitely not the politicians. And definitely not the boards and CEO of investment and loan companies.
If there is good news and there is for our family is that we have other investments that are not entangled in this mess. Nothing to worry about on one end and everything to worry about on the other.
Who's paying for all of this? Don't think for a minute the salvation to Freddie and Fannie along with AIG and lord knows who else won't come back to bite us come income tax time. How else we will pay for the bailouts and that all expensive war of George Bush's in Iraq? You betcha. Out of your and my wallet.
No wonder I couldn't sleep last night.
I'm socking in a supply of beans and rice just in case the bottom falls out of this latest deal. If you're not worried then you should be.
6 comments:
These are truly scary times. I worry about who eventually is going to pay for this mess. My husband and I?(generation X)My children? (11 and 14 yrs. of age) My grand-children (who aren't even around yet) or even my great-grandchildren? We figure that at this point we won't ever be able to retire. But that's ok, I will be surrounded by the love of my students when it's time for me to buy the farm! :-D
I've started to plant lettuce and tomatoes in the back yard so when the world falls apart I can live off them and sleep in my tent... and I'll probably be a whole lot happier than I am now.
If you're scared, it's because you're watching tv. They want you to feel fear; then you'll tune in every night and watch the commercials.
Luckily I don´t have much savings...(here should be an ironic smiley)
What scares me the most is that no one is really addressing this issue. The candidates certainly are not. I wish they would stop bashing each other and tell us where they truly stand on these issues.
Hi Bob! The financial crisis in the US is causing gitters around the world! Bail out those greeds & irresponsible bankers/banks using tax-payers' money...sigh!
Just now, I heard that the price of gold and oil has gone up! Help! (23 Sep 1.45pm)
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