Tuesday, November 2, 2010

ONE PLUS ONE EQUALS WHATEVER YOU MAKE OF IT

I read today that the average American has 13 credit cards. That collective credit card debt is in the trillions of dollars. Those are pretty scary numbers. Will we all go belly up as time goes by? What if we all went bankrupt in the same year? We would drown in red ink and China would buy us for a large discount.

I think it is time for all of us to cut back. The wild spending days of the last decade need to be reigned in. Reality needs to be faced. We are not as wealthy as when the stock and then real estate markets were flying high. The middle class is heading for extinction.

Now is the time to adopt some more conservative philosophies that invest, rather than divest, in your futures and those of your young. We need to bring back the phrase of my youth. Namely, "We can't afford it." An I phone in every hand is a nice ideal, but it just may not be practical in our New World Economic Order.

I played with a "pregnant" basketball because my parents could not afford to buy me a new one. I survived as did my jump shot. You will too.

Bye For Now,

Bill

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