Thursday, January 8, 2009
The thrill is gone - so is the money.
Well folks it looks like anybody whose spendin' money has done spennit, and anybody whose makin' money has done kep' it. Nobody's spendin' money 'cept on food-n-such.
Food banks have bare shelves, expensive items at the grocery store are rotting, but spaghetti and mac-n-cheese are flying off the shelves.
The money is gone. What are you going to do now? The business owners are going to cut their losses. The wholesalers are going to cut their losses, the manufacturers are going to have to cut their losses, the smelters are going to have to cut their losses, and the raw material miners and producers are going to have to cut their losses too.
What's to become of the land owners where the raw materials are located? They can take a vacation for the next five generations if they want.
There won't be anything left but the government that will have to force the people who have hoarded all the money over the generations to give it up and start the cycle all over again by giving out all the money to the masses.
The problem is that the same people who made all the money last time have left their businesses to their children who really didn't care or learn much about how to run daddy's business.
Now they are going to stomp their feet and have tantrums about taxes because they don't have the smarts to earn back the money they will be forced to give to the government.
The next generation of entrepreneurs is on the way in.
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