I’m confused when they say there’s a credit crunch and the credit card companies, are pumping out these blank checks like water, offering temptation on the end of pen, made especially for those who’ve gotten themselves stretched too thin keeping up with their daily wants and needs.
One would think that credit card companies would want to help out the banks and back off of the ridiculously greedy policies of charging interest rates that would never allow debtors to repay their debt, and finance charges on late fees that further compound the crisis that American families are in. I’ve come to realize that they prefer a passive/aggressive approach.
I saw with the rising of gas prices and the disturbing preponderance of credit card offers, and cash advance checks, that it would only be a matter of time before undisciplined people would be seduced en mass to live way beyond their means. And even those who are doing the right thing, by not wasting resources, and not buying things that they can’t afford are struggling. It is immoral that a select few feel their sole purpose in life is to amass mass fortunes on the backs of the hard working multitudes.
Part of the dream it seems is to acquire. Without acquiring we don’t know who we are, don’t have anything to be compared with, or to compete with. Without acquiring, we don’t know what we look like, sometimes we think we’re in on our own worse dressed list. Without acquiring we haven’t a clue as to what to do with ourselves during a blizzard, or any other natural or unnatural disaster that crosses our paths. Without acquiring we can’t make up braggadocios stories about ourselves, to keep from being ostracized from the crews with the blinged out facades.
There is something to be said for the generations who came before who learned the value of putting away as much cash as they could, and wasting not a bit of anything. If they couldn’t afford something, furniture, Christmas presents, a prom dress, they put the things in lay- away, paid the store bit by bit every week, then when they’d given everything they owed, they got to take the things home. They kept stuff for generations, saw most things could be repaired, until the days of plastics and disposable electronics came to be.
In my part of the world, where the cost of mid level gas is pushing 3.50 a gallon, there are many SUV’s. Property taxes doubled or tripled when property values rose, and those whose incomes don’t meet the needs of the out of control increases of necessary expenses find themselves choosing between food and heat, gas and servicing the car. We’re told we’re not in a recession, more like a pause, while disposable income is evaporating into emissions that are thawing glaciers around the planet and the national debt is a number that burrows into infinity.
Elders who have already lived through one depression, might have the survival skills to weather a “recession”. They’ve got a year’s worth of toilet paper in the basement, bottle water and canned goods for months, powdered milk, and plenty of matches for the emergency lanterns, and batteries for the flashlights.
But these new people, the one’s who believe that the world turns just for them to get what they want, no matter the cost won’t find it so easy. In the scheme of things, those luxuries like, communication devices and 500 channels may fall by the wayside, in preference for real time activities like having conversations, and growing tomatoes, and corn in the neighborhoods where patches of green remain.