So the market is crashing…better put on your hard hats. What does that mean crashing…?
It means that people are pulling more money out of the market then they are putting in which drives all the stock prices down. As the market falls it gains momentum like a fat child falling off a curb. It isn’t able to recover on its own…as we saw in the great market crash in the 1920′s. So now the gov is trying to bail it out sector by sector (first it was loans, now insurance) but in all honesty all it is doing is bandaging up the fat kids knee and giving him an ice cream…which is just prolonging the issue because we all know the kid fell because he is fat in the first place…ice cream wont help. Meaning just because we pump money into the economy by keeping the large corps afloat (band-aid and ice cream) doesn’t help the main issue that the dollar is losing its value due to the enormous amount of dept we have accrued. Take a look for yourself…http://www.brillig.com/debt_clock/faq.html. The only way anyone is profiting is if they own a company over in Iraq (said with a southern drawl) and is making enough money to off set the inflation that we will be seeing to arise if this irresponsible spending continues. How does that work you may ask…that inflation thing…well as the economy falls, something called inflations starts to rear its Fugly face. Inflation happens when we have more money out in the economy physically then we have in the banks and markets theoretically. Prices for stuff outside the market go up because the dollar loses its value. Think of it as simple supply and demand. The more bills out there the less it is worth. So the market starts to go down and then people freak out and then they pull large sums of money out, so basically we snowball into a recession…
Thats why this election is so important because the underlying economic issues.. Even though they haven’t been addressed I think they should be the main issue in this election. If we continue to act how we have been for the last 8 years we are in trouble. Did I mention Clinton had erased the national debt by the time he left office…and now i believe we are up to 9 trillion dollars in debt…at that point I think money loses all value entirely. That is why i am terrified to have Palin who spends 600 million on a bridge that goes to an island where only 7,000 people live, as a possible candidate for office. We might as well go eat our own shit…soon we wont be able to afford anything else if the economy continues its cannibalistic practices.

Categories
Tag Cloud
Blog RSS
Comments RSS

Void « Default
Life
Earth
Wind
Water
Fire
Light 