Is the World Really "Different?"

Have you heard that the Feds have passed another new law, get this, they,re now confiscating all monopoly games in the country, apparently got something to do with December stimulus checks.Yea the world sure is getting different.

Media sensualization. Time to buy when bubble is bursting, those with cash need to do their homework, and for that matter all Americans need to do their homework about the dollars & cents, freedom is never easy. Gov't economic policy over the past 30 years has always been spend and we will give you a tax deduction(loophole). Keep spending long enough beyond your means you have no assests, which where we are today. The policy needs to be no tax on interest(savings bank accounts) and dividends(MMKt fund interest) earned on those deposits, eliminate capital gains so those with capital (rich folk) can evaluate and calculate the risk of placing it into the economy(new companies/jobs for all us folk). Once we had president that stated "we don't have revenue problem, we have a spending problem", and he meant gov't at all levels. Why is it when the economy is in the tank gov't at all levels has an increase in jobs? A basic personal financial fundamental is to never spend beyond your means, many individually have violated that fundamental to make a collective financial catastrophy for us all. Saving equals investment, period, let's encourage that for a long time.

Yea it's really a different world. For the first time instead of the average stiff getting cleaned out in a recession, the big boys are going broke faster than ice melting in an oven. Only problem is there they same guys that owned the generators that kept the electricity flowing to the average guy. As they are shutting down, if someone doesn't do something fast, we are all going to be in the dark. Guess we all have mixed emotions about this crisis, kind of like watching your mother-in law drive over a cliff in the new car you just bought.

Yes, the world is really different. In 1987 the depression babies were still around, telling their kids and grandkids not to buy what they couldn't afford and pay for with cash AND save your money. They also bought American, keeping the profits at home. Today we buy foreign goods, cars, oil, etc. on credit sending billions to foreign nations (some of which don't like us very much). Since we no longer save our banks seek investors to finance our consumption, largely from foreign investors (IE Mitsubishi). Since the government is broke we sell t-bills to Saudis, China, Japan, or anyone else who will buy our worthless paper on the full faith and credit of the United States government. So now our government is paying interest to foreign entities, enhancing their economies and individually we are using our discretionary income to pay interest on credit that should be being used for our banks' margins in the form of savings. A credit based society will always lead to financial disaster, didn't anybody listen to their 9th grade economics teacher?

No, but the questions are getting dumber.