seems to be his answer for plenty of things these days

“Brother Can You Spare A Dime”-sing with me all you unemployed

Yeah the fact is, people in war die, that is an aspect of war that I think most people tend to dislike however it still doesn’t mean they should die or expect to die just because they believe in serving in our countries defense.

And some of them were practically dragged out of their homes. I don’t think many members of the national guard expected to be sent to Iraq. I’m sure they served those tour with honor and it wasn’t necessary to literally drag them out of their homes but the guard is generally reserved for domestic emergencies and support and can only be called to active duty by the president.

In the midst of the unsettled financial markets there’s been general agreement about one thing: the outcome of the current crisis will be far-reaching changes to the blobal financial system. For example, Morgan Stanley chief economist Stephen Roach believes the world’s central banks are now being forced to look afresh at how financial bubbles should be handled. Up to now their attitude has been that the markets must correct financial bubbles themselves.

However, the massive emergence of various kinds of derivative instruments created such huge inverted pyramids above an underlying asset class (such as prime mortgages) that things get out of hand when bubbles burst. Roach believes that central banks can hardly afford to condone bubbles in the future.

The question to be answered is: How and when they must take steps to avoid meltdowns?
Fin Week

As some of Wall Street’s most venerable financial institutions teeter on the brink of self-destruction and are either taken over – in the case of Bear Sterns – or, as in the case of Lehman Brothers, allowed to implode, very few financial sectors appear capable of weathering the storms.

In view of the “bail out” agreement reached this past weekend it seems as if financial markets throughout the world will however react positively to this announcement. An announcement in my opinion not made by choice, however rather by force! Financial Guru – Warren Buffet correctly remarked that if the “bail out” plan was not approved – the American Economy would face certain “meltdown”!

In lieu of this it stands to reason that there weren’t much alternatives than to see the bail out plan pass through congress? A certain relief for most – al be it temporary. Both Presidential Candidates voted for the plan as has been seen. Not much of a choice by the looks and sounds of it!

Certainly the pressing question on our minds should be to now take a calm and responsible view back, on what has caused this catastrophy? We should all agree that it is a catastrophy, although suspended perhaps for the moment. One can only call it “suspended” as this has still to play out and we will see how this effects the struggling markets and economy alltogether in the short, medium and long term!

IS THERE ANOTHER 700 BILLION US$ available should this not work?

One cannot help but wonder after pondering on all of this for months on end – who is the biggest terrorist or threat facing America after all? Is it Osama Bin Laden – or worse, is it someone or something, much closer to home? I certainly don’t want to be in the shoes of the current President and wonder if anybody in his right mind would like to be in the future President’s shoes!

However, fill the shoe we have to, and it is now up to every single one of us to realise that the problems facing America is far greater than we want to believe. Republican, Democrat or Independant all stood together, cried together and worked together when the tragedy of 911 struck!

The tragedy of September 2008 is far worse!

We don’t have the liberty of taking on the world at present! No matter how righteous our beliefs are, no matter how convinced we are that terrosism should be fought in every corner, every nook and cranny, and in any place in the world. More Americans have died in this war than in 911 and we are not calling it a tragedy or catastrophy? No, we accept it because we are dying for our country, our beliefs and our ego!

Senator McCain says that he will not see to it that we pull out of this war before victory! He knows how it feels to come home defeated and to live to the consequences of knowing that a lot of people, or so he believes – has died in vain!

Are we staying at war because we don’t want to feel bad? Are we loosing our children because of ego’s?
Or worse, are we staying at war to loose our country and our very excistence?

WE ARE FACING A POSSIBLE MELTDOWN!

IS THIS A BAIL OUT – OR ARE THE BARBARIANS KNOCKING AT THE GATE?

Undoubtedly the bail out is necessary, could it have been avoided – too late to ask! Can it be avoided in the future – we have no alternative but to believe it can! The question is how?

Now, we can tighten up the budgets on every field of the economy, we can harness in every corporate company to be more dilligent in their dealings. We can increase or decrease taxes, impose new legislation, fire the wrong doers or restructure government to be more lean and mean.

All of this is however in vain, if we are still going to remain a “country at war”!

It’s simple economics people! The war is killing America! It costs us a hell of a lot more than it costs Osama Bin Laden and Company to fight this! Perhaps he is a lot more astute than we will give him credit for! Perhaps he has gone into hiding, knowing that sooner or later – the “meltdown” will begin!

Sure we need to keep face in the world! Are we doing this now?

I don’ think so!

It is my opinion that if we wan’t to weather the greatest economic storm ever to hit our shores, we need to act and act now, before it’s to late! Our leader, Republic or Democrat will have to realise that we can’t stay at war and build our economy up again – it’s childish to even contemplate that.

If the world believes we are doing the right thing fighting terrorism offshore, then the world should climb in and help finance this war much more than they are currently doing! If not – we need to pack up and go home before it is too late!

No other country in the world other than America is facing a “meltdown”? Why should we?

I know there is a lot more to it than a normal citizen like you and me know about this alltogether. However, it is time we harness our strength as ONE NATION and forget about politics for now. We need to think about America – all of us!

The “Barbarians are at our Gate”, not in Irak or Pakistan!

GOD BLESS US ALL!

Chase Morgan