Yes- the title sucks... sue me... it's early...
Out of boredom, I thought I would discuss some of my personal views on the current economic dilemma that the United States currently faces. I rarely reveal how I feel about it due to the constant reassurance that people do not think on the same grounds as I do, so, in order to respect the wishes of others. I keep my thoughts to myself.
All right, many are concerned about how the current bank loan system has put us in this situation to begin with; while I agree with it, I do believe that it should be the assumption that the person accepting the loan should undergo a form of acceptance of their fault.
I cannot stress this enough, when ever you accept a loan from any degree, be it a long time friend, family member, a bank or even a person you just meet off of the street, take into consideration; you’re borrowing currency that is valued to them as well as you. There is no such thing as free money and people may go to extremes to get what is entitled to them. There is no free ride. Before one accepts a loan, they must have already thought at least 3 ways to pay back the person; I say 3 because some things may go wrong, you may have to borrow from someone that can give you a form of an extension on that loan. It is critical that a person accept the fact that something may fail, you never rely on “ifs.” I honestly believe people “hope” too much and not come to an absolute realization that they may fail. No one wants to fail and they’re willing to put all they can to get something extremely beneficial. Read your contracts…
Something else that comes to mind about that, I really think people should take into consideration that what ever they have loses value; a car, a video game, a poster signed by their favorite artist- even homes… it loses value potentially. There is nothing saying that you price you spent to buy a home was great, and you would improve it to make it more valuable and thus making it much better for yourself… that rarely works. No one wants to fall into a great debt such as this. Your home may be less valuable that the day you bought because of natural disasters, deaths, crimes, many factors such as these are a potential risk.
Enough of that…
I’ve noticed that many people want to look at upper and middle classes and ask who is at fault when here are economical struggles. The struggles of a system commence from the top and flows to he bottom. It is direct human nature when someone is offered money they will be willing to take it. Just like CEOs, they are willing to sacrifice what you have gained in order to keep for themselves, as you would likely do to them. I honestly believe we should monitor and potentially cap a CEO’s paycheck if they are not meeting a quota to where their employees are living at a 35% equality living situation just as much as the highest paid employee. It’s not tyranny of an organization, but not all employees that have this system; they cannot be beneficial in their lives. Now, a repercussion on those employees would be they would have to have a college education, nothing technical or less than that. This would put more of a retrospect that chain markets such as Wal-Mart, K-Mart, and McDonald’s cannot exploit from their employees.
I shall continue on this later; I am a bit fatigued. But feel free to put your voice, hell- even hate mail. I would like to hear your opinion or thoughts in the matter.
P.S. I have skimped out on a lot of details of this… I’m not writing a paper for school here… so this is extremely “unplanned”.
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