Money doesn’t grow on trees, it grows in a factory. The global pool of money seems to be growing at a pace I can’t even fathom. With the population growing, the amount of money circulating increases. When I take into consideration all the different factors, like the trillions of dollars in savings right now, that is trillions of dollars that is not being used. It seems rational to me that, that number is only to increase with this recession, and that’s not even the worst part. The way to get out of the recession is for people to start spending money, not saving. If people begin spending all of the money then everyone will generate more revenue and create more jobs. The problem is, recession causes people to save, and the more people save the deeper into recession we fall into.
The world of banks and investors is more twisted up internally than when you look at it from the outside. It’s like when you see a gorgeous girl walking down the street you think
“Damn that girl is gorgeous”
Never do you take the time to think
“Wow she is gorgeous, but I wonder what she is like on the inside”
For all you know she could be a straight up murderer, in a sense that’s how the investing world is in a way. Here you see all of these people getting approved for loans, then if you stop and take the time to think about it you think
“How did tom get a loan, he moves furniture, and now he is approved to take out a loan for $400,000?”
It’s because the people handing out these loans like candy do not care if they get paid off or not, they just want to sell them to someone else to make fast cash. Who can blame them, I would do the same thing if I was pulling in over a million a year. It seems to be the regulations and requirements that are set that is the root of the problem.
Money isn’t everything, I can’t tell you how many times I have heard that one before. I think the quote should be
“money is 90% of everything”
For those people that are in jail for the rest of their life, it’s easy to say money isn’t everything, but for us living in the real world, cash is king. I can’t say there has ever been a time in my life where I have truly needed something and didn’t have the money for it. I’m not talking about a video game or some toy, I mean food, or a necessity needed to maintain well being. The point is that those times where you really do want something and can’t have it, it really sucks. Imagine the feeling of not being able to afford food, I can’t. The fact of the matter is when you have money, life is easier, there is still that other 10 percent that is important which is family, and friends. You may be asking me,
“Derek isn’t there more things to life, it can’t just be family, friends and money?”
The answer is no, yes there is more to life than family, friends, and money, but it’s nothing that money can’t buy. For example, yes it is important to spend time with your family and have fun with them, here is a simple solution. You purchase some plane tickets to Orlando for your whole family, fly down there, and go enjoy a nice vacation to Disney world. Lastly, I would like to end this
“A penny saved is a penny earned”-Benjamin Franklin
Derek,
ReplyDeleteAlthough I am sure you already suspect I disagree with you, I want you to think about the sentiment expressed in your last paragraph. What makes Disney World fun? How much of that is genuine and how much of it has been constructed by marketing? I mean, I don't have a lot of fun spending money or waiting in lines. Generally, I would rather be mowing the lawn or sitting by the river reading. But hey, that's just me.
I really like your response here. Your metaphor about the girl walking down the street presents an interesting question: why are Americans not active inquirers? We are told a lot of things every day, but depending on who is saying it, we trust them. But is there any reason why a republican should inherently trust Sean Hannity? Is there a reason why Hannity doesn't trust any liberal? Why don't we inquire into the messages sprayed by others.
In tune with what I was saying in class, if you are going to make a claim like "the only way to get out of a recession is to spend money" you have to back it up with either additional arguments or a source. If you do that research, I think you might find that spending too much money is what got us into the recession. People had spent so much that they just didn't have any more to spend. Did you know just the purchased homes in 2004 matched ALL REAL ESTATE value of 1990? That is unprecendented. But ask yourself, why did homes increase in value that much?
Great post. Keep up the good work. Revise a couple more times before posting and read out loud, but content-wise, you're doing great.
-F