Living Without Credit In A Jobless Market

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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

  • More consumers just say no to credit cardsUSA Today28 hours ago

    Credit card usage is slowing. Revolving credit fell by nearly 20% in November, reflecting less borrowing and tighter lending standards.

  • Living internationallyMinnesota State Universty Reporter13 hours ago

    In today's international market, it's getting harder and harder to get by in business without knowing a second language. Minnesota State graduate Eric Paul Luhmann, a businessman based in Moscow, knows this all too well. Luhmann, a 1987 grad, majored in French and international business before he received his MBA from the University of Maryland.

  • 7 simple ways to create an emergency savings fundFox News36 hours ago

    You may feel stranded without a credit card, but the sooner you come up with an emergency cash fund, the less reliant you'll be on plastic.


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

  • Job Fair Free Portraits Capture Continued Struggle Of UnemployedThe Huffington Post5 hours ago

    Of the dozens of lines at the recent job fair inside Philadelphia's Wachovia Center, one of the longest was for free portraits from photographer Michael Albany, the Los Angeles Times reports.

  • Seek reports rise in job listings3news29 hours ago

    Online job site Seek is reporting a continuing rise in job adverts, led by Auckland, with ads rising at a faster rate than applicants.

  • ANCELOTTI NOT READY FOR AZZURRI JOBSporting Life18 hours ago

    Carlo Ancelotti - enjoying life at Chelsea. Carlo Ancelotti says he's not ready to boss Italy yet despite reports linking him with the job.

What is your household income?

  • 19,000 or less?
  • 19,001 - 35,000
  • 35,001 - 50,000
  • 50,001 - 75,000
  • 75,001 - Above
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What do you have to say about it?

Are you living within your means?

  • Yes
  • No
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Should the financial markets be more regulated?

  • Yes
  • No
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