This Ridiculous Money Game

Posted by Thomas Ault on August 23, 2015 at 3:40 PM

I can't help it! Sometimes things I read bring out the inner feelings that I try to avoid as much as possible. But, try this on, these are two direct quotes from the Business Section of our News Tribune, and under NEW YORK (AP).

(1) "If oil keeps falling, it is likely to drag down the S&P500, Drillers and other energy companies make up a significant chunk of that index"

(2)The upside to falling oil is that all the money that drivers are saving at the gas pump should mean MORE SPENDING by them at stores----and a faster growning U.S. economy. But Americans are choosing to pay off debt instead of going shopping."

Now after reading those two portions of the report on our economy I find it very very difficult to have a lot of sympathy for those that gouge us at the pumps ever chance they get to pocket more of our hard earned cash, and then for the other large corporate owners to feel that we should immediately go out and spend more money (that we don't have) to incur more debt with higher interest for them to take home, rather than be responsible citizens and pay off our debts!

While the "0" interest rates that have boosted the stock prices, they have also made people stop saving since they get less than .5 % on their savings compared to past years when you could actually save money for a worthwhile purpose and use that as a fund for old age retirement.

Seems to me that soon the government will have us all in their pockets and that could be the end to a long period of a wonderful life in this once beautiful country of ours.

I don't know any of you feel, but your comments are always welcome.

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