Thursday, August 4, 2011

Watching the Stock Market Crash?

I keep my eyes glued to the headlines looking for more clues. Unemployment payout is down about 50,000. That means that many people just lost their income. The debt ceiling has exceeded our net worth, no investments means no jobs creation, which means people are emptying out their portfolios, trying to hunker down. Nobody mentioned that the reason EU's stocks are down is also the reason Russia is calling us parasites, and why China is panicked (evidenced by their silence). What happens when the next wave hits and 100,000 people have to rely on retirement and savings accounts? See, this is where capitalism begins to look alot like a gambling addiction and they are playing with a stacked debt. I'm going to go weed my garden and look up new ways to cook beans. 

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