I’ve had this rambling thought in my head for a couple days now…who knows if I’ll get it out coherently.
It’s Christmas Ad Season again, in case you’ve been in a coma recently. And the barrage of All-American Hallmark images are sure to sparkle through thr airwaves and satellite dishes for the next few weeks. Here we see a fine example. Everything is right with the world. The family gathered together, tons of presents under the tree, everyone looking well-scrubbed. And white. But I can see in Grandma’s face that she’s worried about how much value she’s lost in her house, not to mention her retirement savings. Dad seems to have quite a selection of ties. Bet he’s contemplating which one would look best slung around a basement rafter. I surely would love to see this clan’s 401(K) and credit card statements…
Truth is, the big boys playing with the big toys really hope they can convince us that all is right in America, that now, more than ever, going into extravagant debt is in the true holiday spirit. And can you blame them? The Federal Reserve is losing money hand over fist. No they haven’t misplaced it, but prices are coming down. “De”flation is occurring (I’ll grant you in very very small amounts). That means less interest is paid to the Fed. The only way the fat cats at the nation’s central bank stay calm is when we all whip out the plastic and drive ourselves in deep deep hock, even while the country goes to a monetary hell in a hand basket.
Me? Buying WAY less this year…and paying CASH. The cards are put away (that drive’s ’em crazy). Why do you think this is a CREDIT crisis???
But as my buddy Mr. Ragged would say…”Sunshine and lollipops are just around the corner. Yes, January will bring a new day, a new way of life. Sunshine and roses for all.”
Right. And who, exactly, is going to head the Treasury for him?????????
Gonna be a banner fuckin’ year at the Cooper household…