Living Without Credit In A Jobless Market

60
rate or flag this page

By Just ask the Guru

Cold Hard Cash! Money in its latest form. Will we ever go back to gold?
Cold Hard Cash! Money in its latest form. Will we ever go back to gold?

No more money out of thin air

What happens when the magic lamps' wishes have been used? What do companies do when they have lent on shaky ground? How will the market contract, and what will be done to survive it?

The old folks had it right it seems, and history may have just repeat itself on us, like it does each, and every time it picks a new disguise to come at us with. Grandmothers, and grandfathers alike are nodding their heads looking back to the days of the great depression when they learned what happened when banks went under without desposit insurance. We may yet see again times where the hard earned buck beats out a quick swipe of the plastic. It may still be an electronic transaction, but it will come from checking accounts instead of an abused credit line.

Living Without Credit in the News

  • Reports on economic growth and consumer confidence signal modest rebound, with shoppers waryMinneapolis-St. Paul Star Tribune1 second ago

    You are living in '97, when the warming trend actually reversed and we are now in a cooling trend. Global warming? Didn;t we just live … read more through a July that barely got out of the 70's?Al Gore was wrong when he said the debate (that never happened) is over.

  • CU grad celebrates nine years of life without moneyColorado Daily35 hours ago

    MOAB, Utah -- Daniel Suelo gets the same question, all the time. "Why?" The 48-year-old kneels in front of the desert cave he calls home, sips cedar tea from a chipped mug and explains, again, why he has intentionally lived the last nine years without using money.

  • No time like now to buy a new homePark Hills Daily Journal1 second ago

    In a time when national news continues to tout the woes of a sluggish real esate market, the one bright spot in recent months has been a flurry of activity by first-time home buyers looking to cash in on the federal tax credit which was set to expire earlier this month. A move by Congress extended that federal tax “kiss,” and opened it up to current home owners as well.


Now that it comes time to buckle down.

Like any cycle things wax & wane. Now the economy is waning, and with it comes the need to stretch the resources that exist even farther. It is of course possible, but convenience may have to step back a bit to allow diligence to take its place.

Food can be bought in bulk amongst neighbors. If there is enough room then crops, or at least a small garden may be planted. Mass transit does exist, so gasoline doesn't need to be like sought after like gold. At a time when value is beginning to re-equate with usefulness and longevity instead of brilliance, and sparkle, there is a chance to delve back into an historic innate ability of people. That ability is prudence. The knowledge, and wisdom to say how can I get the most out of what I have without having to overstretch. Nature's law of energy conservation comes into the lifestyles of efficient minded people to hint that spending the least, while getting the most is the way to longevity of resources.

Living Without Credit In A Jobless Market in the News

What is your household income?

  • 19,000 or less?
  • 19,001 - 35,000
  • 35,001 - 50,000
  • 50,001 - 75,000
  • 75,001 - Above
See results without voting

What do you have to say about it?

Are you living within your means?

  • Yes
  • No
See results without voting

Should the financial markets be more regulated?

  • Yes
  • No
See results without voting

Print   —   Rate it:  up  down  flag this hub

working