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Nothing to fear but fear itself!

October 9th, 2008 at 10:08 am

The proverbial sky is falling. Several thousands of dollars in my investments value have disappeared. Credit is harder to come by. 31 States will soon be unable to meet their financial obligations.

Cash is now king. We may be headed, some say, towards deflation.

Here is my take on it.

Invest in companies that employ Americans and make goods here. Cut back on your use of foreign made goods.

Use your car less and keep the heat low. Now is the time to face this chrisis head on! Enough of sending our jobs and money overseas.

We must not give in to fear. We must save and invest now more than ever. We must not give into panic and fear as that will be our downfall!

Hold Republicans and Democrats responsible for this mess they allowed to happen! Throw all the bums out!

We can get through all this if we do not panic and give in to fear. Tighten your belts and keep moving ahead! It will get better.

We can do it gang!!!

12 Responses to “Nothing to fear but fear itself!”

  1. Broken Arrow Says:

    Good to hear from you again!

  2. debtfreeme Says:

    Deflation? You mean a shrinking money supply? The lowers of the cost of good and services? Similar to what happened during the great depression?

    Recession yes, deflation? Is a weuird concept in this day and age when most people don't even use cash at all but use debit cards and checks, processing payments online, etc. I don't think we are there yet.

  3. gruntina Says:

    debtfreeme - deflation generally means the rate of price decreases. When things are hard and unemployment rates are high, people will not spend their money unless the prices of things drop.
    Maybe unlike some people, I make decision on buying the best value at the lowest price regardless of the method of payments.

  4. monkeymama Says:

    I think it is interesting what a perfect illustration these current times are of this concept. "There is nothing to fear but fear." Things wouldn't be so gloomy if people weren't so scared.

  5. PRICEPLUS Says:

    debtfree, deflation may take place. Will it? Hard to say bit it is a distinct possibilty given the present financial morass!

  6. Ima saver Says:

    You are right, we can do it!!

  7. PRICEPLUS Says:

    monkeymama, fear is what is driving this sell off! If you can keep your head while all others around you are losing theirs you can profit greatly!

    Julie, we certainly can do it! I remember that line from Steinbeck's 'Grapes of Wrath', "They can't lick us cause we're the people!" WinkSmile

  8. Broken Arrow Says:

    How right you are. The fear caused by the drop in the market is causing more fear causing more drop, causing more fears and drops.

    As I was saying elsewhere, I'm actually kind of glad, because we could be rebounding sooner than later. Historically, that's how rebounds occur.

  9. PRICEPLUS Says:

    I am hearing a drop of down to 7000. That sounds awfully low but there you have it.

    Buying anything on credit supposes that you will and have the ability to pay back. Big time debt here!

    Rebound may take years. We have to start fixing things now and it starts with us!

  10. veronak Says:

    Haven't heard from you in awhile, hope all is well

  11. PRICEPLUS Says:

    Amber, I am still lurking about. Just not much to say!

  12. veronak Says:

    I miss your posts and take care

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