Re: Doni/LL, personal inquirery?? / jefother
posted on
Apr 18, 2008 06:01AM
"I feel fortunate to be living in the US."
So do I, my whole gripe is for better control of our monetary system.
With that, credit was pushed into the public's hands no questions asked by the investment banking community.....this should have never happened to the extent that it did. Some of what happened here was just flat out incredible. I new from the get go where it was all leading to....and I admit, I prospered from the bullshi*.
I could not believe what happened in just a 24 month period of appreciation....and I was shaking in my boots knowing how fast it could change. As everyone was basking in it, I was looking for the F'n door. It was like dealing in securities....lol. Wallstreet is running the show totally now.
I'm fortunate and this current situation is not detrimental to my well being.....I'm just making a point that my rate of return on my principle is cut in half and the real problem is the time frame involved, 7 years of decline is excessive.
For that time frame, I see a problem developing, or, there is in fact a complication involving our precondition of debt.
As we moved through the decades of ups and downs, citizens had to absorb malleable differences......this current adjustment is going to be tough to absorb for many.
The price of oil is here to stay and we're going to pay the going rate based on our monetary system as it compares to other world systems.
At the same time we absorb that situation, advancement in technology is replacing the worker, from file cabinet manufacturing to you name it, fore we are going paperless, I'm totally paperless.. With that, Wall St World Corporate America have advanced and could care less, the indices are gaging a world economy now.
The middle man is slowly disappearing....I deal direct on many items now. My operation is run from a lap top tied to a wireless network having high speed window to the world, I don't need anything else. I've managed my computing needs since 1980...and where we're at now is just astounding.
IMO, There's a total collision of tech and past economic policies that where not, or, could not, have been fore scene.
doni