Image Image Image Image Image Image Image Image Image Image

The coming depression blog | October 17, 2017

Scroll to top

Top

One Comment

Economy tantrums around the Globe

We are living in a dangerous period in America. The pitiful state of the economy has exposed a volatile split in the way people view the current state of our nation. Taking it to the streets. What began with dozens of ne’er-do-wells on Constitution Day (September 17th) is now a multi-continent event. With the “Day of Rage” on October 15th we witnessed thousands in the streets across Europe, and thousands more at home. The Occupy Wall Street movement came out of nowhere. In just 4 weeks we have a movement that has gained some real traction. The young people who started the Occupy Wall Street protest a few weeks ago are about to learn some important lessons about life in the grown-up world.

Small business owners also have mixed views on the protests and whether or not they will do anything to effect change. According to a Facebook poll asking business owners whether or not they support the protests, the majority (51%) of participants claimed that “there are better ways to effect change.” Many small business owners who have built their own businesses from scratch feel that the protesters don’t have a right to complain until they attempt to start their own business and therefore create more jobs and employ themselves. The Occupy Wall Street protests have been going on for a month now and have spawned similar protests around the country and the globe.

It is truly amazing that something as mundane as the economy has set my generation to action. However, it seems more like a temper tantrum as none of protestors apparently know anything about economics. Now these protests have gone global, with “occupy” protests in Tokyo, Greece, France, Italy, and 82 countries in all, well, at least that is the embellished number we are getting from its main supporters and financiers anyway. For those who don’t see that this strategy has failed to work in many countries around the world, perhaps they should take a trip to Venezuela and see what the effects really look like. People don’t get richer under a regime like this, everyone just becomes equally poor.

Americans have always been able to come together against an external threat or problem that needs solving. Yes, we do have a terrible habit of waiting till the water level reaches our noses before acting, but I fear we are losing our ability to pull together and get problems solved. It appears we have turned into a nation of blame placers. The Occupy Wall Street crowd has rightly identified some of the symptoms of our decaying society. Now we need to attack, with vengeance, the real disease.

Many people who can’t get jobs are taking matters into their own hands. They are starting businesses and beginning to take more ownership in their human capital – their ability to produce income based on their unique skill set. Consider modeling a financial planning scenario where you start your own business, and use that income to save for your retirement.

Comments

  1. Credit card offers come in the mail everyday. They all claim that you are pre approved to receive a credit card. All you have to do is call the number to apply. The problem is that once you have called, you spend weeks, sometimes months to receive notification that you have been approved or denied. This has led to the development of online credit card applications. When you apply online, you receive an answer within minutes instead of waiting long periods of time just to find that you have been denied. A person who has good credit should have no problems obtaining a credit card online. Often you will find that credit cards online have better rates than other card companies. It is important that you know what your credit score is before you apply and using the Internet to find it is very fast and easy. Many sites offer free credit reports for consumers. It is recommended that you check your credit report at least twice a year to catch any discrepancies. When you are denied a credit card, it will show on your credit report. This can further damage your credit rating. It is important that you fix any problems that do not look favorable on your credit report. This may not be as simple as it sounds, however it is very important that you take care of it as soon as possible to avoid any further damage to your credit rating. When you know what your credit score is, you can go online and apply for the appropriate credit card. It takes minutes to get an answer. All credit card applications will ask for personal information. This includes your name, address, telephone number, social security number, age and income and employer. Failing to provide any of this information will result in a denial of the credit card. It is important that you understand all of the terms of service before you apply for your credit card. Once you have signed the contract it is legally binding. You cannot claim that you did not understand. The TOS will be listed on the site that you choose. If it is not, choose another site. The most important aspect is to know what the APR is for the card that you are applying for. It is important that you research the site that you are applying to. You will be giving your personal information online, and you want to make sure that it is a secure site. An encryption of anything less than SSL 128 bit is leaving yourself open for identity theft. This encryption level is the standard and is considered to be hacker proof. Thereby ensuring that your information is safe and secure.When you have finished filling out the application, double check it to make sure there are no errors. Once you send it, you will have your answer within minutes. Most companies will notify you on screen; however, some will send an answer in the mail. If your application is denied, than you will receive notification and the reason why.When your application is approved, you will receive your card within a few days. It is sent through the mail and available to use upon activation. It is now easier than ever to apply for a credit card. When you use online methods, your answer is just a mouse click away. It is no longer necessary to wait weeks to get an answer to your credit card application.

Submit a Comment


7 × nine =

Too many requests