| Lbtchnlgs wrote: |
Yeah I suppose it's more of the hope for the best expect the worse idea. I actually do not have a TV so it is hard for me to keep up on things of the nature. But from what I hear it's getting pretty bad, something like 80 Billion of our (taxpayer) dollars pushed into some insurance company to help it out?
I don't really see what that’s going to do but alarm us even more. I was having an unsophisticated talk last night and based on what I hear from people who heard things from someone who heard it on the radio ect ect... (So I’m sure it's all biased, erroneously paraphrased) but I think it would not be a bad idea to empty my bank account. Though I suppose if I did that, and everyone else did our monetary system will fail even faster than it is.
Either way people are going to be dissatisfied with one thing or another, so why waste time thinking about it; isn't that why politicians are paid?
All I know as that no matter what happens there will be woods and mountains, and with those I will remain a happy and free.
PS: no frost for me this morning
Spent the night on Pharaoh Lake Tuesday night. No frost there either, beauty on the other hand... There was a chill to the air though. It’s coming. Hopefully? |
The 80 billion seems a little low to me. There's been over 200 billion reported in the paper. If the ultimate cost ended up being a trillion (1000 billion) I would not be surprised.
I say, don't empty your bank account. Not sure where your money is, but odds are good it's FDIC insured, or probably pretty safe if it's checking, savings or money market. Not thinking about it and not making any move is smart, if your money is either...in a safe place, or it's already dropped in value by 20%. By leaving it there, you're being conservative with your own money and supporting the system.
All that assumes you are diversified (or in cash). And don't go to cash after a big paper loss.
As individuals, it's not our responsibility to support the system, but it is, collectively, our a$$.
Which spot did you take at Pharoah?
Bring on the woods, the mountains and the cold baby.