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Posts Tagged ‘depression’

While every one from the President on down was outraged about the AIG $165 million dollar bonus payouts, something much much bigger was going on. No one was talking about the $1 trillion dollars the U.S. government printed yesterday out of thin air to help stave off a depression. It seems the Federal Reserve pumped $1 trillion dollars in the economy on Wednesday. One Trillion we don’t have, and the Chinese government isn’t backing us on this one, so it’s really just printing some money with a big IOU to ourselves. What this does is devalues our Dollar because there is nothing to back it up. No gold, no other country buying the debt, they just added $1 trillion to the money supply in hopes of keeping us out of a depression. I know this because it was reported on the Glen Beck show on Fox News today. He said the AIG outrage was just a big smokescreen to hide that this was going on.
Glenn Beck reports on Fed Reserve action
No one else reported on it. and he is right. I watched CNBC, NBC, ABC, CNN today and non of them even mentioned it. Being disabled I get to watch a lot of TV and I watch mostly news, and lately a lot of financial news. Everyone is still totally talking about the AIG bonuses, but no one mentioned this. I taped the President on Leno tonight and haven’t watched it, but I’m sure he didn’t talk about it. Why this is very important is this. This was tried by several other countries before who were in dire financial straights. And it has never in the the history of history worked. What it does do when it fails is cause hyperinflation. It totally devalues the dollar to the point where you could have a $100 loaf of bread. Some of the countries that tried and failed this technique are Germany between WW1 and WWII, and more recently Argentina and Brazil. In Germany people had to literally use wheel barrows full of money to buy groceries.

Fed pumps $1 trillion in economy NY Times

Hyperinflation Wikipedia

No one mentioned that we were going to do this, they didn’t ask the publics opinion. In fact not even Congress was involved. It was an action by the Federal Reserve. The Fed did this in hopes of jump starting the economy. They have no other tools left to use. Normally the Federal Reserve lowers the Prime Lending Interest Rate to help the economy, but it’s already been lowered to between 0 and .25%. There was nowhere else to go with it. So this was their last desperate act. For all of our sakes I hope it works, but history shows it probably won’t. The government wants us to spend to help get the economy going. For years it was pointed out that the population of the United States was one of the worst savers in the whole world. But since this latest financial crises we are now saving like never before. Now we are being told we are hurting the economy by doing the right thing and saving. We should be saving, what got us into the current crises is by buying much more than we could really afford and doing it all on credit. I say the best you can do at this point is save all you possibly can, and prepare for the worst. If it gets as bad as some experts say it will, you may be the only one on your block who can afford that loaf of bread. What do you think ? Spiney

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I listened to an economist the other day on a business news channel who said that basically the prosperity of the last decade was all a lie.  A lie built on credit. People borrowed money they didn’t have to buy houses and cars and stock they really couldn’t afford.  This happened with corporations and investors too who bought stock, that made the stock market rise. They saw the stock market and the real estate markets as an ever growing thing where you couldn’t lose. The only way you lost was if you weren’t in the game. So you borrowed to buy more. It was a  No Brainer borrow at 7% to buy into a market that was going up 10-12% a year.  And the real estate market in some areas was going up 20% a year.  But then when the credit market tightened up and you could no longer get easy credit, it all came falling in.  People who got loans just because they had a pulse and said they had good jobs, maybe they did, but in many cases they overstated their income, started to default on their loans.  All during this time you had average citizens who wanted to catch up with the Jonses, fast. It may have took their neighbors 4-6 years in college and hard work to get where they were.  Or their parents many decades of sacrifice to have the nice home in the suburbs.  But why wait with EZ credit you could have it now.  And why stop at one home, how nice it would be to have a rental property or a vacation home at the shore or the mountains, just sign here, maybe take a second mortgage out on that home you bought 2 years ago with 0-5% down.  If you couldn’t afford a vacation home then at least a Time Share. You know the one where you took the free 3 day vacation and they wore you down into buying a time share.  Seemed like a great idea then didn’t it.  And hey having a decent car isn’t good enough, you need some real wheels, a BMW, Hummer, or at least a Caddy. don’t have the down payment on that new or second car, no problem, you can Lease it. Just don’t drive more than 12,000 miles a year or scratch and dirty it.  While your at it throw in a motorcycle, or a boat.  And the kids, they got to have what every other kid has.  The latest PS3, a Cell Phone with all the bells and whistles by age 10 and not just an mp3 player that would be embarrassing, it has to be an Ipod. The whole family can have cell phones just sign up for the family plan and get 5 free phones, just pay the big monthly fee.  The big games coming up, have a TV under 30″, that’s just too hard on the eyes. To really enjoy the game and life in my house in the burbs I need to have at least 50″ plasma. No money no problem, no payments for 12 months or go down to Rent-a-Center only $35 a week.  And while your at it for just $10K in easy installments you can have perfect breasts and pearly white teeth.  Why not I’ve got a wallet full of credit cards.  The majority of people lived way beyond their means.  But they had all the toys.

They say we may recover back to were we were in about 3-5 years. Personally I hope we never get back there. I hope that this time has the effect on our generation that the depression and WWII had on our grandparents and parents. What I mean by that is that we get a new respect for saving, for getting by with less, and for using cash, not credit to get what we need and want.  To realize there is no shame in driving a car more than 3 years old, or renting a home. I’ve driven used cars the majority of my life, and also rented homes and apartments the majority of my life.  Yes I have owned a home, bought 2 new cars, and made the big mistake of leasing a new Saab. I can tell you there is something to be said about not having a car payment every month or being a renter. The nice thing when you rent is when the roof leaks or the heater fails you call the landlord, not the repairman. Helps you to sleep at night.  Spiney

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Warning this is semi graphic.

My apologies to Lennon & McCartney for the title and anyone who knows me.

Time frame Saturday evening until Sunday evening, early January.  Evening started with a wonderful visit from my sister and her husband and most importantly my Daughter who I don’t see enough of.  My other-in-law whom I live with spent the previous 24 hours frantically cleaning her house in anticipation of guest. The house got cleaned post Christmas this year because this is the 1st year we didn’t have a large family Christmas in this large Victorian home. Many happy Christmases have been had here with large gatherings, lots of children of all ages, and way too many gifts. But then unexpectedly the man of the house died. He was hospitalized for 45 days from just after Thanksgiving thru Christmas and into January of the next year. The holidays in this house haven’t been the same ever since. There were attempts, but they were pushed trying to be happy and it just wasn’t the same.  Then this year another tragedy struck. A family member became very ill. Instead of celebrating Christmas at the big house we all gathered at his families house and had a nice Christmas gathering. He gave a meal prayer that God willing we would all do it again next year. That left a real lump in your throat. Anyway that was a long way of telling you why the house didn’t get straightened up until after New Years, and why This Family gathering was important.  Spiney did his part by helping to clean his little piles of existence around the La-z-boy, and doing whatever the ladies asked.  Most days I need to be told what to do or I’ll do nothing. Not because I’m lazy, but depression and pain make you want to take the path of least resistance. If you’ve seen the Cymbalta commercials, that’s what it is really like.  Mom being an incredible cook, cooked us a wonderful dinner of stuffed pork chops, real mashed potatoes, stewed apples, and vegetable dish that Spiney didn’t partake in.  Being in my mental state I was nervous. When in depression you like what is familiar.  Anything that disturbs your groove, even though it may be a very positive thing, makes you nervous.  I was nervous as to what I would say. Would I have enough to say for more than 10 minutes of niceties?  When the majority of your days are spent with you, a cat, a rabbit, and the TV your conversation skills aren’t honed.  Except for those in your head.  They are very well exercised. You run the coulda, woulda, shouldas through your head all day.  Sometimes they even get a chance to come out.  And sometimes you have to yell “Shut Up” to get them to quiet. A noisy head is no fun.  It doesn’t allow for great productivity.  Well all that came to rest when my guest finally arrived.  They offered up conversation, as did the other two ladies of the house, my Wife and Mother-in-law.  So that gave me a springboard to jump in.  There was a time you couldn’t shut me up.  I was once class clown, life of party, foot in mouth guy, and once had very long, very meaningful conversations with my daughter. These conversations kept us both sane during her teens, and really bonded us.  I know she misses them and can’t understand where that went.  I miss them too. I have god days and bad.  Unfortunately the good are spread pretty thin and you got to be there when they happen.  Sometimes they are weeks or even months apart.  and when they come, I feel like I can do anything.  Anyway we had a great dinner. I did disturb my sister when I kept disappearing during the visit and meal. My medications make me thirsty so I drink a lot. I drink diet Sierra Mist Free because it’s  decaffeinated.  The 2nd part of the equation is drinking makes me pee a lot, but the pain killers I take 24×7 make it very hard to go. So I have two speeds in that department.  I either can’t go, or I go every half hour or less.  I take Flomax for that, which again is always advertised on TV.  I could be doing TV pharmaceutical commercials. So I kept going to the bathroom and this upset my sister for some reason.  My wife, mom, and cat are very used to it. If my sister reads this and gets upset that I call my Mother-in-law my Mom it is not out of disrespect to our much loved, deceased mother. It’s because she treats me very much like a son, she is a mother figure in my life, and it’s easier to write mom, than mother-in-law all the time.  We then exchanged belated Christmas gifts with my Sister and Brother-in-law before they had to leave.  I know my sister wants a closer relationship too.  Both our parents are dead, our older brother is estranged, many of our aunts and uncles have passed on also.  She feels I’m all the family she has, even though she has three sons, two that are married, one grandson, and a granddaughter on the way.  So she has family.  I wish we did more together too.  But again she doesn’t understand that while I look normal, my days are far from normal.  I bid her and her husband goodbye.  Then My Wife and I exchanged gifts with our daughter.  That was nice.  I think we surprised her. She’s our one and only so we did the best we could do.  We wanted to give the gift or more time together doing things we all like, such as concerts and plays.  But our schedules and the distance between us, about 1 hour, make it difficult. So we have that on the back burner in case we can work it out.  We then sat down to watch a movie. Since the Spineys don’t get out much we invested a windfall last year in a 42″ LCD TV.  This Christmas we followed up with surround sound.  This is our entertainment since we don’t get to the movies and such.  So we broke out “Mama Mia”  My Wife and I had seen the play in NYC and loved it.  This was the first time for our daughter and Mom to see it.  The first time actually for all of us to see the movie.  It was fun and uplifting.  The only bad part was feeling bad for Pierce Brosnan. They should have used a vocal dub.  Everyone else could sing pretty well, especially Meryl Streep, but not poor Pierce.  During the movie I was in a good bit of pain because I had been up quite awhile without rest. I sat with an ice pack on my shoulder, then my aching knee, and also used the massage of the La-z-boy throne. I had to change position constantly to redistribute the pain.  I also disturbed the others with my constant trips to the bathroom.  I got up probably 5 times during the movie.  At the end of the movie we checked out some of the bonus footage, because we all wanted a little more.  Then knowing I had to get up to travel the next day, and being co-dependant I kept asking my daughter if she had to go.  I was worried about her driving home, I was selfishly thinking about going to bed, and I was in unfamiliar territory.  At one time this was very familiar territory. When we all lived together My Wife, Daughter, and myself would often have all night movie, music, TV, or cleaning jags. We were all night owls who had gobs of energy at night and loved to sleep in late the next day.  We lived in a 2nd floor apartment with no neighbors. We would break out 100’s of 45’s from when I was a DJ and have our own little listening and dance parties till the wee hours.  Music, Family, conversation, and 13 rabbits we a big part of our life then.  That was before the 2 big operations and subsequent downturn of my pain. Plus our daughter grew up, moved out, went out on her own, had a life changing epiphany, we moved away and closed our business. A lot changed in a few years. But when we are together I think we all realize that we miss being a family.  I know my wife and I do, and we sense it in our daughter. And I will state here, I have changed the most. I’m in pain, I’m depressed, I’m alone a lot, and I’m not real fun to be around anymore.  So back to day.  Our daughter stayed a bit more, we had a bit of desert and we all bid adieu.

At this point I wanted to crawl right into bed, but we had to clean up the house to the spotless condition it was in earlier that day because everyone worked so hard on it.  Then we retired. Part of our nightly ritual is after we brush and such, and take my nighttime regiment of about 7 medicines I get a massage from my wife with a handheld percussion massager. This is every night to break up the pain. It usually last about 5 minutes though it could go one forever as far as I’m concerned.  It’s a concert of a little to the left, a skinch to the right, yes yes right there, that’s where it hurts.  Then onto another hurting spot, or instructions back to THE spot as my wife falls asleep.  And I have to have pity on her because she needs to get up the next day, I usually don’t.  But this day We both do, to travel to her Fathers for a belated Christmas gathering.  One last thing before we retire.  I get an Ice pack which is a semi frozen blue gell in a plastic pack, wrapped in a light towel.  I get one for each of us.  My Wife uses it to fight back her constant headaches, and I use it for my shoulder, neck, and back pain.  In fact I will go through about 3-4 throughout the night. We keep them in a small refrigerator freezer on the 2nd floor, just for this purpose. We now have 9 on hand at all time.

This is getting really long and I’m tired. Thanks for sticking with me.  It’s 1:45am so as they say on TV to be continued….

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