Financial Crisis
I realize this is a bit off topic, but I couldn’t take it anymore. Undoubtedly you’ve heard all kinds of word going around about the U.S. economy and it’s apparent demise.
Apparently all that borrowing and credit stacking we Americans swear by, isn’t the firm foundation we believed it was. Go figure.
Regardless, it should tell us something – you’d think. Unfortunately it looks like all we can think of doing is rinsing and repeating the same o’l process that got us here – prop up the leaning tower and hope it will hold another decade or two. I just wish we could look a bit further down the road and consider what the best approach would be for us long-term.
Ok, enough ranting. Steve Pavlina wrote an inspiring post, in light of our current financial situation. It’s well worth the read.
So, what’s your take on the current “Financial Crisis”? Do you think the “Bailout Plan” is a good idea? Has your lifestyle been changed by all this?
I think the bail out plan is a bandaid to help the politicians save face. It will not reach those whom need it most, nor will it make things all better. The system is corrupt and the structure is rotting and failing from the decay.
The government may be able to patch things back together for another 10- 20-50 years, but it’s all gonna come tumbling down.
I think you’re right Jamie.
Unfortunately there is a widening gap between the money we use and actual value. The scales are becoming increasingly lopsided in favor of value.
I’m not sure exactly what to make of this. Do we have another way of representing value? Or do we simply trade value for value (bartering)? Any thoughts?