just a thought but entertain it for a moment that is all it takes…If I were Al-quaida(sp?) freezing our economy and causing a depression is similiar to us trying to freeze their assets…we all know there are plenty of people who will sell their mother for the right price…just a thought I had when realizing we are not the only country..looks like all countries claiming democracy..and yes our greed plays into it…okay I am done with the hard thinking…love ya have a good day..back to work for me!

darla´s last blog post…Healing, restoration, and a smile

Seems to me, that in our governments hopes of pushing away a depression, they have chosen to not look at and fix the current systems. A mere band aid, that is going to come off at some point to expose a nasty wound that already exists.

Have you been following the same scenario in England with the B&B? It eerily similiar..and has caused me to step back for the news reports and the press releases and look at both situations…and now my bigger question is..”What is really going on, and when do they think the truth might be a good idea?” just being the 70% later the 30% will be out to play!

darla´s last blog post…Healing, restoration, and a smile

Greed is key here. I know I have to make sure I am living without it. When i do, it’s interesting how things that used to matter, just are not that important anymore.

I worked at two banks, First Union in CT and Wachovia, that were lead by some of the smartest bankers in the business. They made terrible loans and both banks have failed. It was greed that turned these financial genuises into river boat gamblers.

I can’t claim to be enough of an expert to say that Capitalism could not exist with out the use of credit. You could be right.

I do think the credit markets have helped to built America into the strongest economy in the world, even with all these bankruptcies. However a strong economy in itself does not make a great country.
The focus of too many Americans is on making money and the material goods it buys. We do need to shift that focus from money to people. Building a stable family life is more important than the size of the house we live in.

I’m opk with slow growth, but it does seem that when a product really connects with society, that there is no way to slow growth down. I believe that there will be businesses that only maintain and that’s ok and others that excel. I don’t think all businesses should have the same options, just because they are a business, I think that the product and the need for that product should gauge the value and worth of a business. That’s what i would like to see us get back to. We are just so money hungry as a country. We think we should be able to make money without working for it. I disagree.

I don’t have much opinion on this do I

It was in reaction to the Depression of 1930 that the government became more involved in the US financial markets. Regulations, like the Glass-Stegall Act, which created the FDIC, were designed designed to control speculation by Banks. It was repealed 1999 to de-regulate the banking industry. To get the Government less involved in business.

I hate the idea of owing anybody money. If I did own a business I would probably try to operate as you suggest, on cash not credit.

I can see some advantages to a cash system, such as it might be more stable. It could lead to a slower pace of change, which some people would prefer.

I think growth is likely to be slower because you would need to build up a cash reserve before you could buy new equipment. A new competitor, starting out with the latest innovations, could put you out of business.

I could also mean that in bad times, when you do not have adequate reserves, with not access to credit you are more likely to go bankrupt. The people with the cash to start of business are the rich, a person who inherits a business, or an older person who had worked long enough to save enough money.

I think a cash only environment is likely to work against a young person with a great idea, but no money and the innovator.

ed´s last blog post…Charter For Compassion

I still contend that I am not speaking against our system of capitalism, I am speaking against our system of money handling. Capitalism is not built on money that doesn’t exist. Bad loans are. Capitalism is not an opportunity for just a rich man to get richer, it is an opportunity for a small business person to create a great product and make a life for himself. Our system does not protect that. it protects the rich man. Why? Cause the government is involved.

Capitalism is not built on credit. It is built on innovation and hard work. Credit is a tool, not the product.