Well, I was wondering when they would put a stop to cutting the prime interest rates for the US, in the wake of a further weakening economy and businesses being squeezed which is a trickle down effect. In what seemed to be a never ending stream of news about the Fed cutting the interest rates yet again, we now seem to have a stalemate, and it seems that the federal government arm of controlling interest rates and the money supply here in the US has decided they’ve done all they can to help stimulate our economy.
And many wonder, does it really help all that much? Some say that the government and it’s arms of extension that control agencies which control things like the money supply and the interest rates need to butt out more, and I tend to agree with that a bit. Especially since the US dollar is at it’s weakest we’ve seen in years. Heck, I can’t tell you how startling the exchange rate is between the Euro and the US dollar.
I have a monthly agreement with an agency over in Europe and everytime I see my statement at the end of the month, I am startled at how the US dollar amount charged for the product or service is more than double the face value, telling me that our dollar is in some real trouble. And some say that it’s going to only get worse.
Now, as you know, I’m no fan of fear tactics as I think they further paralyze an already scared nation into not spending money, and only send us further into a recession. However, some of the news as of late has seemed like somewhat of a domino effect, of the likes which we haven’t seen in many many years because of all the safeguards put into place.
I’m not so radical as some of these groups though that are living off their own land and have stashed guns, ammo and are now farming animals to slaughter and hording food for the imminent “crash” that will takes years to recover from. However I do have to say I think it’s going to take a while for us to recover from this economic slowdown – excuse me, full blown recession we are in now, and it’s going to take a lot of cooperation from the media to not scare everyone further into making the economy worse.
We really need an alternative energy source as well, asap. Oil is a finite resource, folks, and it can only get worse as time goes on. We can’t live off oil for the rest of our lives, and it seems that government is not all that eager to give the greenlight to alternative energy sources.