Showing posts with label economic mess. Show all posts
Showing posts with label economic mess. Show all posts

Friday, September 26, 2008

Sorry

I want to make my heartfelt apologies to the following:

Sorry Dish Network. The current economic mess has forced me to cancel your service.

Sorry NetFlix. I'll be able to entertain myself without your service for quite some time.

Sorry Baen. I will not be purchasing any more webscriptions in the foreseeable future. Thank the politicians and a greedy Wall Street.

Sorry Amazon. Blame the Wall Street bankers and investment gurus for my stopping all purchases.

Sorry eBay. I canceled the Paypal account and stopped all searches and purchases on your site. Not only does the current economy cause this, but also your irrational changes to what was once a fun experience.

Sorry Microsoft. I can no longer afford your ill conceived, unworkable software in the current economic climate. Maybe if you didn't off-shore your workforce you could be part of the solution and not the problem.

Sorry Dell or HP or any other electronic manufacturer. No new computer this year or next unless the economy changes rapidly for the better. Maybe if you didn't off-shore your workforce you could be part of the solution and not the problem.

Sorry banks and credit card companies. Your policies are to blame for this crisis! I for one do not need to feed your greed. You can take your high interest, teaser rates, and other BS elsewhere.

Sorry insurance companies, mutual funds, and stockbrokers. You bought into this financial mess and now you can eat it! Cash may be king, but Gold and Silver are for real.

Sorry Republican and Democrat politicans. I don't feel the need to vote for a bunch of politicians that have placed lobbyist, special interest groups, and "fat cat" financial moguls above the rights and economic well being of the American middle class.

Sorry China, Indonesia, etc. I don't need your cheap crap. I'll be buying very little for the foreseeable future and what I buy will be "Made in America."

Ron Paul is right! Maybe, just maybe, people will start to listen to what he has to say. If it isn't too late that is.

Sunday, April 20, 2008

Are we headed for a new investment bubble?

Currently, we as the "normal" citizens of this country are suffering through the after effects of a housing bubble. Was this bubble caused by us? No! The only ones to blame are the Wall Street bankers who created the sub-prime mortgage and went on to trade these as if they had real value. Now, we as taxpayers are being asked to bail out these fools and their multi-million dollar a year jobs.

This economic problem hasn't even resolved itself and now a similar group of fools known as hedge fund managers is getting us into another bubble that will end in disaster!

Recently the prices of energy in the form of oil and natural gas has risen through the roof. Why? Simply put the hedge fund industry (those people who bought all those sub-prime mortgages) have been putting their bets on energy prices continuing to rise indefinitely.

I've got news for them! It isn't going to happen! I've been through this before in the 1970's and 1990's and the bubble always burst in energy.

Who are the hedge funders? A short answer is wealthy individuals trying to avoid taxes. But that isn't the only group in hedge funds. If you are a member of a union then you are also looking at your retirement funds being invested in this bubble. Expect losses in the next year or two is all I can say.

Meanwhile, when the losses start to pile up who are they going to call on to bail them out? You guessed it! The American taxpayer will once again be put on the spot by bought and paid for politicians!

Fair warning. Express your opinions about this coming fiasco to your elected officials now. It wont do any good, but at least you'll be on record as having given them the warning.