Originally Posted by JustMeUC
I was at the pilates studio tonight and overheard some women talking. Keep in mind these are mostly professional educated women, including one who happens to be a physician. There were talking about the Amero (sp)? which was possibly going to be the new currency after the dollar collapses. They were talking quietly amongst themselves and they were absolutely serious. One of the women said that she had been stocking up on 50# bags of rice from Sams Club for the upcoming famine that Glen Beck had been talking about and the rest of the women started chiming in about how they really needed to do the same. I know people are scared, nervous about the market and such but...
Am I crazy, or has the world gone topsy turvy on me?
No, you are not crazy. Most people do not realize that the amount of credit has gone way beyond what the system can bear.
This is a problem of modern times, cannot be compared to depression of 30's, different times, different values. Our economy is built on a precarious cliff of credit, and it is starting to crack.
The geniuses in government and industry are trying to put us back where we were before much inability to pay debts was exposed causing the markets to go down and people getting layed off.
This is no joke, the sky is not falling, but the only way we can turn the clock back 4 or 5 years is to go back into denial of our real problem, overextention of credit.
The bill is due, the balloon payments have to be made, we ate more than we needed to, now we pay. Best thing to do is continue with Pilates, good for body and mind, and just let the chips falls where they may, its the natural thing. Laws of economics are just as valid as any other physical law, you have to pay the piper to keep balance.