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Thursday, October 9, 2008

Panic or Greed Both Are Self Centered, Self-Fulfilling and Self Destructive

We live in the greatest nation in the world. I look at blogs in other countries where the blogger is in danger from his government for what he is writing. We have the freedom to express ourselves in so many ways.

At the moment we have a sizable portion of our nation trying diligently to destroy it. It is difficult to say whether panic or greed is fueling the current Wall Street nose dive. Greed obviously fed the conditions that led to our current financial crisis. Even the “rescue” couldn’t avoid the Washington game as usual pork.

It appears that a great many people can not see the benefit of our society and what it can be. Grabbing what they can, forcing down the market by selling to get theirs before it gets worse and fulfilling their own fears. It may be greed and it may be just sheer panic that the sky is falling and I better grab my chunk before it is gone. I don’t know the motivation; all I know is that the financial institutions that lead the panic and the poor suckers like me who watch their retirement swirling down the toilet are in the same sinking boat.

The damn boat is sinking because we refuse to have faith in our own country, our own people and our own destiny. I am not talking about believing in the lying, self serving weasels in Washington who let the greed ridden, golden parachuted CEO’s rape the financial institutions. I am not talking about having faith in our grand corporate edifices that reward failure at the top and lay off and penalize the bottom that does the actual work. I am talking about having faith that the average American still puts in an honest day for an honest dollar. I am talking about having faith in the small businesses of this nation that employ more people and do more good than those corrupt, grandiose, blue chip engines of corporate greed.

The big guys are only looking for how they can squeeze the last dime out of your widowed mother’s pension, they are not looking at the destruction they are doing to our nation and the world. As long as they get theirs, who cares about the rest of us?

We must care about ourselves. Have faith that we can survive this financial debacle. Stop running in panic and selling our stocks, driving down the market and fulfilling the over paid pundits predictions.

Just stop, take a breath, if you don’t sell it, you aren’t going to lose money on it. Historically our economy is strong. Historically the market will recover. We will be ok, our pensions will be there. Our retirement will occur. We just have to stop panicking. Withdrawing your money due to fear, selling your stocks due to fear just allows the vultures in the wings to pick up your investments for a dime on the dollar. The jackals will survive and flourish unless we curb our panic and face this financial crisis with common sense.

We, as a people, try our best to do good, to help others, to respond with aid to crisis here and abroad. We can not allow the greed and panic of a few to force us into a spiral of despair. Shelve that panic, you greedy fools stop your predatory practices, when you eat the seed corn you have no crops. When you destroy the economy and drag the world into a depression, you will have no safe place to spend your ill gotten gains. Buck up America, we aren’t wimps, we can survive this with common sense and a calm mind and faith in our great nation.


Preston said...

What an awesome post. You've really hit the nail on the head with this one. I am surprised that more people haven't commented. I have no stock to speak of, but my 401k has been descimated. Fortunately, (i think fortunately is the right word to use here) I won't retire for another 20 years so it has time to recover.

Politi Gal said...

Great blog you have here! Greed, panic, and Paranoia have defined the past eight years and the ways the American public has had thier buttons pushed to their eventual detriment. I must say you have written a wonderfully insightful and timely post!