The past several months I have been watching the financial industry and learning as much as I can about the whole economic crisis that we are in. I have been reading and listening and learning. After all of that I have learned one thing that is for sure: We are in trouble. Way up the creek and no paddles in sight. The ropes that the government is throwing at the problem have weights tied to one end and a shaky stick in the ground tied to the other. We are in serious trouble.
On the news the analysts and other people are saying that this is going to be a big recession, but not a depression. Honestly, I think that they do not want to admit that a depression is coming because they are too scared of what that will really mean.
This is the stuff that wars are made of. World Wars.
I am not saying that I have an answer to this, because I honestly think that there is not one. The only answer is to not have gotten into this situation in the first place.
Gordon Gekko said "Greed is Good" (Wall Street – 1987). Greed spurs development and innovation. It is the desires that we have that drive us and make the world what it is. The problem comes when we fool ourselves into believing that something that is clearly bad is a good thing because we made a few bucks or got a new house. It's all one of those too good to be true things.
If that is the way you think it should be, have I got a Ponzi scheme for you!
As I watch the DOW drop below 9000 yesterday and probably below 8000 today and into 7000 next week it gives me this feeling that I have not had for a while.
Not for some years.
This is the same feeling that I had as I watched the towers fall on 9/11, but in slow motion. Instead of hours, this is taking months and we are still in the middle of it.
This makes me want even more to just get in a boat and go.
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