The Crashing Dow and Why Do I Care?
August 8, 2011, Submitted by: Ken Tweet
Given the turmoil in the world markets, the Standard & Poor’s credit rating downgrade of the United States and other US entities, spiking gold prices… Why should I care? and what does it mean to me??
Really, what it all basically means, is that the ponzi scheme of debt upon debt may be reaching its limit. So many individuals, governments, banks, and corporations have been involved in the leveraging – borrowing – loaning – spending of money on top of money, that it has become increasingly difficult to find buyers (suckers) that will continue to ‘buy-in’ to the notion that the present ‘bloat’ of these entities will continue unabated.
Eventually, the fat ‘subject’ dies of a heart-attack. The United States is currently, metaphorically, grasping its chest as sharp ‘angina’ pains are bringing it to its knees.
There will be ongoing denial that the ‘subject’ is fat, while most of its ‘friends’ continue to say, ‘No… you don’t look fat, you look great’.
Those that have been able to see the girth of the ‘subject’ growing ever larger during these past few years, have known that this day and worse days will come. Apart from getting its stomach stapled, the ‘subject’ may well be doomed. It may take a few more fat-burgers, but the ‘subject’ probably doesn’t have too much time left…
Many of those that have seen the ‘subjects’ growing fatness have diversified out of close ties with the fat one, so as not to become caught up themselves in the doomed behavior.
OK, enough of the metaphorical speak… What can you and I do about it, or what does it mean to me?
Answer: Recognize that we are not living in Disney Land. Recognize that ‘faith’ in the US – Treasury debt – took a big hit. Recognize that their are real deficit and spending problems – spending beyond the practical means of the US. Recognize that you can’t borrow money forever without someday having to pay it back. Recognize that debt does not go away. Become more fiscally conservative in your own life – prepare for yourself – don’t depend upon government for never ending handouts. Adapt, and be prepared for worse times ahead.
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If they get to the point of playing Christmas music directly after announcing the stock market closing level, I’m going to go find a nice cave.
People should care because unemployment and hungry people means martial law and really bad times, and I mean really bad times. People do not understand that there is a finite point to everything and this world is reaching that point. Pick your choice; living under martial law, living under total anarchy and probably under warlords, total world war, or something that resembles those movies like The Postman. That point is coming and people are not even aware of this. Most people live in Lollipop Land with magical frogs and elves that will make everything just wonderful. Everyone just has to sing out and they will hear you and come to the aid of the U.S. economy. Boy are we all in head deep manure.
Yup. We should all care. There are some ‘modern-day Noahs’ out there, who have all of their ducks in a row. I wish that there were many more. I also wish I had listened to my ‘gut’ a lot earlier, when it was telling me to start putting some things aside, just for “insurance.”. I have done what I could these last few months, and aside from being able to reside in an undisclosed mountain location, with a few years of food…I have managed to get some sense of security for a while, at least. We are all in for an extremely bumpy ride. One of my problems with this is, I wish I were the one driving. Oh, well. The most I can do now is to make sure my family and I are buckled in tight!