Is this the end for America?
Sad and scary times.
I have been blogging now for several months under Joe Money Matters and Doug’s Money Matters here at VAJoe.
Since 1993, my partner and I have been predicting this cataclysmic event.
Is it finally time to pay the piper for all the years of ignoring the signs?
I have always been an optimist and even through this catastrophe we have continually expressed what you and I have to do to avert this disaster.
Now comes the time when push has evolved into shove as hard and as fast as you can.
“Bail the boat is sinking.”
Will the proposals from the President work? Will the congress allow them to be initiated? Will they come up with a better idea? Will any of these things work? Will our economy survive? Time will tell.We won’t have to wait too long to find out either.
700Billion dollars to bail out a mortgage industry and wall street in complete denial?
We simply stuck our collective heads in the sand so long that this 700 Billion dollar gamble is the last best hope. Apparently the Government and American people never heard “A stitch in time saves going naked and starving to death”.
Will it work? We will see very shortly! It will not take long for this house of cards we have built to collapse if this gamble does not work.
If the market responds positively today(Thursday9/25/08) tomorrow and wakes up Monday morning moving up or at least not falling, we have a chance that this thing will work. However if the market does not respond well to the news that this is a last chance to salvage our economy, we are in for a quick end to the this Democratic Republic we lovingly called the greatest Nation on the planet.
Patriotism and political freedom cannot stop this catastrophe from happening if the next 4 days don’t show some stability and promise. Even if it stabilizes for the next few days and even if it stabilizes for the next few weeks we are NOT out of danger.
It might after all our best efforts fail anyway because this bailout is a BAND AID! It does not fix the disease just may put it into temporary remission.
In my 60 years of life this Country and Its people have never faced such an impending disaster, including 9/11.
What should we do on a personal level?
If you don’t already have emergency supplies, get them. Non perishables, batteries, water etc. Even if I’m wrong you still can eat the food and drink the water. But if I’m right and you don’t have some provisions, God help you.
The final impact of the failure of this Band aid bailout is double digit inflation, the complete collapse of the stock market, massive runs on the banks, massive bank failures, food shortages, food lines, total collapse of the businesses and loss of all jobs, the Fed declaring a police state.
Our military roaming our streets as police.
My financial predictions have been correct since 1993.
I pray I’m wrong this time.
Next weeks blog should reveal how this thing is working out.
Until then, Peace.
Doug’s Money Matters is a section of the VAJoe Blog to ask for quick financial tips and advice from an expert with more than 20 years experience in counseling families to live without debt and to reach there financial potential. Please leave comments on this Blog. You can learn more about the Money Matters advisor at his website. The posts and comments by JoeMoneyMatters reflect his two decades of financial counseling expereince. VAJoe.com does not endorse any financial strategies, but offers this blog as a service to its site members for discussion.
http://dkirk@forwardfinancialgroup.com
September 25th, 2008 at 7:38 pm
Thanks Doug. Yes Sad & Scary. Thank you for another honest blog. For those who may question the Fed. declaring a police state and putting our Military in our streets they need to check out the thread Troops to be Deployed in U.S. They will find out the ground work is in place to do that.
September 25th, 2008 at 8:30 pm
The events of the past couple of days make me wanna scream obscenities at every politician I can find.