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I refuse to cower in fear....

by ShayB
10 replies
  • OFF TOPIC
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I know the world (not just the US) is having economic issue right now. I am not ignorant.

However, I know that I will do whatever it takes to get my family through this period - and whatever might come in the future.

I have taken control of my finances. I am preparing for the worst, but hoping for the best.

I will do everything I can to inform my representatives of my wishes and thoughts. I will be active politically.

But I will not panic or gloom and doom any more about the situation - because that is counterproductive, IMHO. I have vented, but no more. My energies are best expended in more positive ways.

If you are with me in this, feel free to post in this thread.
  • Profile picture of the author derekwong28
    I am with you Shay, I wonder if you are for or against the bailout?

    I am feeling the pressure as well as my business is faltering mainly because of technical problems. If this continues for long, I will have to cut our spending

    Our currency is directly linked to the US dollar and so we will go down with you should the US dollar collapses. Right now, our whole city is in tenderhooks right now because of a run on a bank last week.

    -Derek
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    Do not get between a wombat and a chocolate biscuit; you will regret it dearly!

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  • Profile picture of the author valerieSONORA
    Good for you, stay strong. It's not the end of the world just like 1929 wasn't the end of the world. Look at all the wealth that's been created since then. I'm not panicking either.
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  • Profile picture of the author Andres
    I agree Shay I won't let what's happening rule my life but I will be prepared and control my finances. That's about all we can do for the moment.
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    • Profile picture of the author lilmechante01
      Right there with you Shay!

      One of the things that Deepal Chopra brings up in his book Power, Freedom, and Grace is ...If something you're experiencing in life is causing you to be unhappy..recognize that it's your reaction. Otherwise, you stay in the victim mode: Poor me. This is happening to me, and I am powerless to change it. When you don't like what's happening in your world, you don't try to correct it by looking outside yourself. Most people live in bondage...they are a bundle of nerves and conditioned responses, which are constantly being triggered by other people and circumstances into totally predictable outcomes. Your interpretations are creating the internal events you are experiencing. This moment is free because all your troubles live in the past or in the future, which means they live in your imagination. Seperate the situation from this moment..because the situation always transforms...but every moment remains perfect and unchanged.

      I know, I know..easier said than done, right? All of us are affected by what's going on in one way or the other...but it's times like this that makes me step back, look at the bigger picture, and be thankful for all that I have in my life right NOW.
      Namaste
      bj
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      I CHOOSE to re-create MYSELF anew every single moment and experience the GRANDEST VERSION of the GREATEST VISION I have about WHO I AM!
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      • Profile picture of the author myob
        Investors who bought into the market in 1929-1932 and held through 1945 became multi-millionaires, and are some of the major powerhouses that still exist today. The small minded were whining "poor me" the world is coming to an end, and lost out in the biggest economic boom in history. We are seeing that again today. Valuable companies that once had high P/E ratios are way undervalued and paying dividends. This is a great opportunity. Don't waste it.
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        • Profile picture of the author Kay King
          Paul -

          You are right about investors/speculators and that some will become rich. However, it's good to realize that this "opportunity" is available because of the losses being suffered by many average people and small business owners.

          The few making big profit from the many is how we developed this problem in the first place - and it's interesting that the result is even more opportunity created for those investors.

          kay
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          Saving one dog will not change the world - but the world changes forever for that one dog
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          • Profile picture of the author myob
            Originally Posted by Kay King View Post

            Paul -

            You are right about investors/speculators and that some will become rich. However, it's good to realize that this "opportunity" is available because of the losses being suffered by many average people and small business owners.

            The few making big profit from the many is how we developed this problem in the first place - and it's interesting that the result is even more opportunity created for those investors.

            kay
            We developed this problem because of the uneducated use of credit, not from investing. Nearly 50% of Americans own stocks. Are you saying they are profiting from the misfortunes of over half of the population? Investing is not the problem - the problem is buying on credit beyond their means. People need to learn how to manage their money by saving and investing rather than trying to sustain a lifestyle beyond their income level.

            The haves were at one time have nots who invested in opportunity. Buy whatever you can in some of the historically high stocks that are now bargains.
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  • Profile picture of the author bendiggs
    It is very easy to get overly worked up about situations that are out of our control and not easily fixed. All I can do I will do. I'm saving as much as I can, I am investing in safe short term, low gain investments just to have some limited security. On the slightly more revolutionary side, I have been stockpiling food and necessary supplies just in the very unlike event of a total collapse.
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    • Profile picture of the author HeySal
      If we don't get Congress out of our wallet and criminals into prosecution, you are going to need those supplies Bendiggs. The bailout isn't an answer to anything -- just a more overtly fascist form of robbery. Hopefully the appeal of the WTP lawsuit will take hold and we won't have to worry about this fascist, illegal, and criminal action against us.
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      Sal
      When the Roads and Paths end, learn to guide yourself through the wilderness
      Beyond the Path

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      • Profile picture of the author myob
        Sal

        Since I'm a betting man, I'm betting you have no money invested in the stock market or even own a portfolio of investments.

        We have been through this setback before. You will never be able to get back at the criminal element, the greedy speculators, the corrupt politicians, or the inept regulators. This happens over and over again, and there is nothing you can do about it but try to understand that we will recover.

        This happened previously many times and most spectacularly in 1929, 1970, 1987, 2001, and of course 2007-2008. People were just as angry and confused as some are now. But the periods in between showed periods of explosive wealth and prosperity. All I am saying is those that had the means made money when they could invest. On the darker side, there are those who are making money while the economy plunges as well.

        Why did Warren Buffett invest $5billion in GE? He has already lost money on this investment, but it shows his confidence that this investment will pay off in the long run, and that the price of GE is undervalued.

        The market will go down some more perhaps, but in the long run investors that have the foresight to invest in undervalued stocks will come out way of ahead of those who simply whine and plot revenge. The whiners and avengers of today will be the whiners and complainers of tomorrow because life is not fair when they miss out on the rebound.

        The greatest revenge is success, and the taste is much sweeter.
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