"My uncle came over last night and wanted to borrow another $40.00 until payday. He has kids and he really needed it to buy gas and a few groceries. Forty dollars might not seem like a lot, but over the years he has proven that he can't live within a budget. Sure he pays me back a little at a time, but never the full amount. I'm also starting to get a little concerned about his ability to pay."
I wish that more people had posted a comment and voted, but the majority of the votes didn't think that I should loan my uncle any more money. Monsoon Matriarch even wanted to send food relief!!! I loved your comment, and spirit. Harry would be the sole investor in the emerging markets.
Folks, this is how the world is viewing the USA economically. They don't want to loan us any more money, and they know that if they do, they won't get the full amount back. There is no way possible for the US economy to stay on the same course. The death knell for the green back will be when China and the other governments decide that they want to sell all of those IOUs, and cut their loses.
$17,000,000,000,000.00
Once again, this is not going to end well for us. I say us, because we are going to be the ones to suffer rather than the politicians in Washington. The average net worth of a US Senator is $14 million and the average net worth of a Representative is $7.5 million. Do you think that they are going to watch their kids go hungry?
The latest showdown in Washington is no better than when someone owes you money, and they start dodging your calls. I hope that everyone saw what happened in Louisiana with the EBT cards, now imagine that on a national level. The Roman U.S. citizens are not going to be happy when the bread is gone and the circuses are closed.
Keep Right On Prepping - K
Awesome! and no my friend, it is not going to end well at all. I shutter at the future for us and our kids..
ReplyDeleteThanks, I thought it would be a good way to get my readers to objectively think about the US economy and our future.
DeleteI wish it was so simple as just China saying NO More. The real problem is the FED. Now China will eventually turn off the faucet but that takes a lot of time for them to do it safely (For them) which is why we just keep going along this slow grind. In effect China taking it slow is what is going to kill us little guys because we can't go the distance. As long as China takes it slow the FED keeps picking up the slack. In a sense with the FED willing to write off the debt they have the Keynesians are right, deficits don't matter. They won't matter until all that money held in foreign banks comes back into the US.
ReplyDeleteThen it's game over but the problem is there isn't much for them to buy from us any longer.
Agreed, but it would be hard for me to incorporate the FED into the uncle borrowing money poll. Now, maybe if he gave me back some counterfeited money...
DeleteLouisiana didn't support Obama, so Louisiana got cut off.
ReplyDeleteI can't clearly say how disappointed I was in 'our' elected representatives. What scares me most is that the worst offenders keep getting re-elected. I don't know how to compete with that stupidity.
Just keep trying to get my ducks in order.
Good post, K. Had me fooled. ♥
Or a dry run for the war game simulators back in Washington DC.
DeleteNicely done!
ReplyDelete