Little Advise to those still working

Put some money into FDIC protected CDs, now.
Also, stop spending for unneeded things and buy CDs with that saved money.
I know that a good economy requires people to spend money on retail items, but your saved money will also help some business people get stock and debt loans.

The reason I tell you this is that some of us predicted two years ago that our debts were far and above what could keep our economy from failing. Personal and corporate debts, and state and federal debts also, were at such an extreme that it was bound to fail soon.

Well it started last year when it was discovered that the assets of banks were made up of junk loans. A domino effect started large companies into failure who laid off many people.

OK, so here we are----except it is not done yet. Not by a long shot. Federal money has temporarily slowed the rate of decline but will soon not be nearly enough, and I don't think much more is going to be provided.

Another 10-15% of you workers are destined to be laid off when retail construction starts getting foreclosed, and those houses in severe dep trouble that the banks are still carrying as assets are required to be foreclosed.

The federal and state bank inspectors have been told to foreclose gradually so as not to cause a national panic! That will soon be stopped and will cause massive foreclosures and bank closings.

I don't know who is going to buy the cars next year that is supposed to save the car companies! The federal loans will never be paid back.

In a neighborhood of say a hundred houses maybe 20 or more of those workers will not have a job.

Now you may lose your home and not be able to pay your bills when this occurs, so save sufficient money for your family to have some cash for food when it happens to you. Even if you think you will not lose your job it is not a bad idea!

Stop the spending non-sense until jobs are plentiful again--maybe in five years or so.

I kinow that eating out and traveling and new clothes all of the time and toys galore and $100 bar bills per week are hard to quit--but you better do it!

I put what I had into guaranteed funds two years ago and my pension is SS and investments.

The last administration told you to put your money into 401-k for retirement! Cancel SS and Medicare! Many did.

Bonkers's blog | login to post comments

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Submitted by skyspy on Sun, 07/05/2009 - 11:04pm.

Ok, either I'm still suffering from the effects of too much sun and adult beverages on the lake, or the world is ending.

Bonkers blog sounds coherent. Keep the good stuff coming Bonkers. Sounds like you read the same London Times op-ed piece I read today. Not so good.

Submitted by MYTMITE on Mon, 07/06/2009 - 9:44am.

may be coming more frequently--maybe because I have been praying for him. Now, I know he doesn't believe in prayer but maybe if we all set aside one minute a day to say a silent prayer for Bonkers we would see an even greater change. He might even begin to approve of our blogs about such things as praying for the safety and well-being of our troops and the future of our country; the pleasure of enjoying a day at the beach or the merits of one beer or restaurant over the other. You know, those things the rest of us enjoy discussing. Yep, we may just bring the old curmudgeon around!

NUK_1's picture
Submitted by NUK_1 on Mon, 07/06/2009 - 1:30pm.

I don't know...maybe he's off his meds or he's taking them properly, or it is indeed the power of prayer. Either way, something besides being the grumpiest old man on the planet and griping non-stop about everything in life would be a change.

The post was at least coherent, but it contained the usual "everything sux" mentality that is the quintessential Bonkers. Who knows, maybe this was just a start. Next time up at the plate, Bonkers might actually point out something that makes him happy about being alive.


Submitted by MYTMITE on Mon, 07/06/2009 - 10:55pm.

is the most miserable. That is why I send out these feel good messages, cause way down deep I want him to be happy. I can just see him salivating when we write about something pleasant. Bet he sits down at the computer in his little footed jammies with the drop flap and starts banging away. No one but Bonkers cares about out troops, no one else cares about the deficit, no one else has had and lost people defending our country, no one but Bonkers reads newspapers, watches the news. Only Bonkers--it must be rough to have to carry the weight of the whole world on your shoulders. He can't take a minute to give thanks (doesn't matter to whom--) for being alive to share another beautiful day, hates to hear of anyone being happy for anything, a good meal, a good day fishing or kayaking, a baseball game--grandchildren, the Easter Bunny or a good joke. Like I said before, it must be very hard being Bonkers. Let us have that moment of silent prayer for this poor fellow.

Submitted by Bonkers on Mon, 07/06/2009 - 1:14pm.

"Lucidity," is it?

Caused by your silent prayers? (Which is also all the troops get, 4-5000 didn't make it anyway and 40,000 got blown up).

The future of our country is "at the beach." I really enjoy what kind of beer you guzzle!.

Beter hurry and eat at that cat fish place before it has to close! There has been beer and restaurants since 1776 in this country!

They are just beer and restaurants!

Can't you force yourself to consider our national debt, prisoners who were tortured, the 100,000 Iraqis we bombed to death, whether 4000 dead and 40,000 wounded was worth what we will end up with, (nothing), and why we haven't eliminated the heroin fields in Afghanistan in the last seven years!

Not interested?

Self interest only is dangerous.

Submitted by AtHomeGym on Mon, 07/06/2009 - 2:18pm.

Of course there is no such thing as a "heroin field"--now I do think that we should have eradicated the poppy fields and paid the Afghan farmers at least as much as they would have made "in the trade."

Submitted by Bonkers on Mon, 07/06/2009 - 5:33pm.

No Heroin field?

And I suppose you have never seen an Italian Spaghetti Tree?
The spaghettis are easily picked off the tree and come somewhat soft and edible until air-dried.

Some have the taste of Mozzer-ella and some tomatoes.

Main Stream's picture
Submitted by Main Stream on Mon, 07/06/2009 - 2:04pm.

"mytinytim"

love the word play you do with her name... Laughing out loud


Submitted by MYTMITE on Mon, 07/06/2009 - 10:59pm.

are just little love notes to me. My tiny tim. He is really calling me his little one. Really touches my heart. I wait breathlessly for each and every one. I think I am smitten.

Submitted by Bonkers on Mon, 07/06/2009 - 5:35pm.

What do you mean? Am I doing it wrong?

Submitted by skyspy on Mon, 07/06/2009 - 10:24am.

Also good to hear from you. Have a good week.

Submitted by Bonkers on Mon, 07/06/2009 - 2:50am.

No, I don't see the London Times, and don't read the NY Times and WSJ anymore.

All one has had to do for 2-3 years now is look up the debt numbers and what they entail, see what jobs are available, and determine what is keeping us afloat! Forget the "positivity" stuff for a minute and examine the facts.

I know people yet who won't say we are in a recession--think it will put a hex on the economy if they are honest!

It really doesn't do much good to inform people of such pending things but if we all did something about it---many more of us would come out of it better.

Also, stop listening to false prophets like we had for several years who were letting the money people go wild.
They knew we were in trouble but hoped overkill of borrowing would somehow salvage us. It made it much worse.

Have you heard their spokesman, President Bush, admit to same?

Submitted by skyspy on Mon, 07/06/2009 - 5:03am.

Take care of yourself. I think you would enjoy the London Times and the Sydney Times as well. They don't "gloss over" the current financial situation.

Cyclist's picture
Submitted by Cyclist on Sun, 07/05/2009 - 8:45pm.

You know our liberal fellow bloggers have assured us that our President will not let this happen. Smiling
-------------------------------------------
Caution - The Surgeon General has determined that constant blogging is an addiction that can cause a sedentary life style.


The Wedge's picture
Submitted by The Wedge on Sun, 07/05/2009 - 8:50pm.

Thank you for advising us on this and giving us advice. Cheers to you


Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.