Hi,
We've been seeing a lot of so-called "bail-outs" and "financial loans" to big corporations and such. Many of us are dischanted by the degree our government is taking in order to counter oppressive repression which, perhaps, we may call, "Great Depression of our Time."
I mean, why not? Our financial institutions are shaken into bits and bites and foreign governments are ever at fright by OUR problems because credit crisis been spreading ever since that September Crash* of 2008--the month where Obama took significant lead in his campaign & marched on thereforth. Not only that, our auto industry, backbone of American Industrial Might, is DYING--ready to check in & out.
But then again, the government...should have seen this coming. I've seen it. I think many of you have seen it. Its the AMERICAN PROSPERITY OF 1990s. Thanks to our ever-in-need desire for new cars, new tvs, new computers, new ...just about anything, we've been spending ourselves to death. With more and more people losing jobs, it is not going to help overcoming credit debt crisis to come. As recession hits, defaults per capita will inevitablly go up and eventually, so will numbers of foreclosures.
Its tragedy and rightfully so. But why?
1) There are those who argue its people's fault. They have been spending beyond their means. It was the consumer's thirst for new products & desire for better of things without careful consideration to financial planning that has brought this calamity of 21th century.
2)On the other hand, as I argue, its the American System that's at fault.
First, credit card has become...some sort of a hypnotic mechanism to BOOST American market. Its so EASY to obtain credit card then SPEND it. The interest rate has been VERY low which, in return, encouraged consumer spending. Of course, these money just came out of "thin air." Second, Bush & his cloony's been pushing for this. They wanted consumer to spend. In fact, to illustrate this point, Bush has come out & asked Americans after 9.11 to, "go out and spend. Enjoy your holidays" and such.
Also, what's with this, "OUR CREDIT IS FROZEN" thing?
Today, I've been reading a brochure from bestbuy. And I am reading, "YOUR ELIGIBLE FOR FINANCING! NO INTEREST 12 MONTH!" Wow...I thought..what a crack pot. Credit, in THIS economy? L.O.L.
AND ITS NOT JUST BESTBUY! ITS EVERYWHERE! AUTO INDUSTRY, DELL, ETC....everything...everything is now turning into CREDIT.
MONEY OUT OF THIN AIR! (plus, why do you think banks love credit? THEY KNOW YOU CAN'T PAY BACK! SO THEY CAN CHARGE YOU MORE INTEREST! HA!)
I will be frank. I don't know. People greed...and I think everyone should understand that. Basic human need...is greed. In the earliest of time, as illustrated in the bible, Cain greed for God's love for his brother--Abel. And he killed him for it. So, what can man N O T do? They will do anything...to get their greed. Its our natural instinct, if not basic genetic make-up.
Therefore, only thing I can say is...our market is flawed, its not compatible with our natural instinct...in fact, it feeds on it. Soon, the market will eat us all and its doing that right now.
We've been seeing a lot of so-called "bail-outs" and "financial loans" to big corporations and such. Many of us are dischanted by the degree our government is taking in order to counter oppressive repression which, perhaps, we may call, "Great Depression of our Time."
I mean, why not? Our financial institutions are shaken into bits and bites and foreign governments are ever at fright by OUR problems because credit crisis been spreading ever since that September Crash* of 2008--the month where Obama took significant lead in his campaign & marched on thereforth. Not only that, our auto industry, backbone of American Industrial Might, is DYING--ready to check in & out.
But then again, the government...should have seen this coming. I've seen it. I think many of you have seen it. Its the AMERICAN PROSPERITY OF 1990s. Thanks to our ever-in-need desire for new cars, new tvs, new computers, new ...just about anything, we've been spending ourselves to death. With more and more people losing jobs, it is not going to help overcoming credit debt crisis to come. As recession hits, defaults per capita will inevitablly go up and eventually, so will numbers of foreclosures.
Its tragedy and rightfully so. But why?
1) There are those who argue its people's fault. They have been spending beyond their means. It was the consumer's thirst for new products & desire for better of things without careful consideration to financial planning that has brought this calamity of 21th century.
2)On the other hand, as I argue, its the American System that's at fault.
First, credit card has become...some sort of a hypnotic mechanism to BOOST American market. Its so EASY to obtain credit card then SPEND it. The interest rate has been VERY low which, in return, encouraged consumer spending. Of course, these money just came out of "thin air." Second, Bush & his cloony's been pushing for this. They wanted consumer to spend. In fact, to illustrate this point, Bush has come out & asked Americans after 9.11 to, "go out and spend. Enjoy your holidays" and such.
Also, what's with this, "OUR CREDIT IS FROZEN" thing?
Today, I've been reading a brochure from bestbuy. And I am reading, "YOUR ELIGIBLE FOR FINANCING! NO INTEREST 12 MONTH!" Wow...I thought..what a crack pot. Credit, in THIS economy? L.O.L.
AND ITS NOT JUST BESTBUY! ITS EVERYWHERE! AUTO INDUSTRY, DELL, ETC....everything...everything is now turning into CREDIT.
MONEY OUT OF THIN AIR! (plus, why do you think banks love credit? THEY KNOW YOU CAN'T PAY BACK! SO THEY CAN CHARGE YOU MORE INTEREST! HA!)
I will be frank. I don't know. People greed...and I think everyone should understand that. Basic human need...is greed. In the earliest of time, as illustrated in the bible, Cain greed for God's love for his brother--Abel. And he killed him for it. So, what can man N O T do? They will do anything...to get their greed. Its our natural instinct, if not basic genetic make-up.
Therefore, only thing I can say is...our market is flawed, its not compatible with our natural instinct...in fact, it feeds on it. Soon, the market will eat us all and its doing that right now.
