Propping open one eye with a coffee cup handle this morning, just to see the financial world is collapsing at a remarkable pace. World markets are shutting down, rather than face the losses. I read "1929" in at least four articles this morning, usually as a record about to be broken.
In a few months we may have us a brandy new President Obama with promised tax increases of nearly one trillion dollars, aimed square at the heart of small and medium business. Congress is fighting internally over who can ignore their constituents the most, and vote for huge spending packages that do nothing but rape the treasure of the nation. The hue and cry of "Save Us" and "Hang 'Em" is in the air, although the former is ever present to a sickening degree.
That we are in for a bumpy ride... would be a silly thing to write while even now our heads are bumping the roof of the 'ol pickup as dust clouds rise from the parched earth we travel.
The common man has so little to do with this... aside from those who borrowed money they had no reasonable way of repaying. Not unlike the margin sellers of 1929, these neophytes should have peeked over the cliff before leaping. Sadly we are roped to the silly buggers by way of the economy as a whole.
Hunker down.... take stock... look after what is important... and wait for what shakes out. Be it revolution, crash, or recovery..... prudence dictates great care in the coming days.
Cash, food, and ammunition might be good things to have on hand, sigh.
1 comment:
That we are in for a bumpy ride... would be a silly thing to write while even now our heads are bumping the roof of the 'ol pickup as dust clouds rise from the parched earth we travel.
Great imagery. Don't forget, thirst is a terrible thing (on your travels.)
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