What Happened to Our Economy by Xplane

I am one who feels that people should be allowed to hang themselves.  Meaning, that you are responsible for your own actions.  As our country (and the world) face serious economic crisis, it's this time that we need to rethink a lot in our lives. Politics aside, an administration didn't do this to America. I am not even going to state a side on the Presidential race because while McCain and Obamas version and solution for the economic issues are interesting to debate, this doesn't seem presidential related to me. The video below from Xplane gives a nice, short overview of exactly what happened to our world from 2000 to present.  This all has to do with greedy, dumb people.

Give it a watch and I really hope that my 5's of loyal readers who don't know what a sub-prime loan is, or how our lives will be forever changed by the last decade of decadence, hear the message. I know several friends who have had their homes foreclosed on, are losing their cars, and (hopefully) some dignity. These are good people but they have bad priorities and make dumb decisions. Personally, I have an expensive lifestyle, and things aren't always rosy in my world, but dammit, I made my own bed and I'm sleeping in it. I can't blame a bank for holding a gun to my head to buy a mortgage I can't afford only moments after I Visa'd up a new pair of True Religions. In my business, there would be no bail-out for Fuze making dumb ass business decisions.  We would just fail.  Like a wildfire in the forest, failure is a cleansing of society and this needs to happen.

Frankly, I am on a serious grandparent rant these days because days where true concepts of money, financing, and personal dignity have gone the way of the Dodo in favor of bigger rims and cooler boats. A lot can be learned from your grandparents if they're still with you...they have lived through this. What we face going forward, could actually be that bad.

Learn from the past. Rethink your life. Make smart decisions. Market yourself and your business and emerge a leader.

Ever forward,

Dr. Vega

Comments

[Wolfy says...]

Tru dat. I wonder if the casino buffets are going to start selling Sub Prime Rib.

-M

[Bryan Landaburu says...]

Right next to the bacon.

B