Friday, January 9, 2009

The Economy - What to do?

Long time ago when we were you, we were encourage to save (we have a post office savings book and we saved with stamps) and we were encouraged to be thrifty.

Now, they want us to spend to spur the economy. According to them (the Government, the businessmen, the financial analysts, etc) if people don't spend the economy will be stagnant.

This is what is happening to a country that spends like there's no tomorrow.

“Once I was in Victoria, and I saw a very large house. They told me it was a bank and that the white men place their money there to be taken care of, and that by and by they got it back with interest. “We are Indians and we have no such bank; but when we have plenty of money or blankets, we give them away to other chiefs and people, and by and by they return them with interest, and our hearts feel good. Our way of giving is our bank.”

Chief Maquinna, Nootka

If all the good jobs leave, how come there’s this persistent idea that the U.S. is a global financial player? Because it is — for the Billionaires.

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