Economic Crisis

The Federal Reserve System is retarded. Where's the logic behind instilling the power to print currency to a private bank where the only way to get currency from them is to pay interest in the form of a loan? Instead of printing our own money, we've relinquished this ability to a non-governmental establishment that charges us for every dollar that we ask for. The result from this is debt--and an unnecessary debt at that, but I guess the government is used to it already since the Bush administration has just about doubled the national debt from where it was before Bush became president.


It's no news that we're in an economic shit-hole, and the recent $700 billion bailout plan that was signed is one of the few signs of hope when it comes to stabilizing the economy. Most consumers are feeling some of its effect with the nationwide fall in gas prices. But, since the economy is in such a bad condition, most people are weary that the drop in gas prices is only temporary, and is bound to rise soon. This financial scare causes people to be more conscious about the way that they spend their money, eliminating unnecessary costs while spending as little as possible. This, in turn, throws the circulation of money in the economy off since very little is being circulated.


It's depressing, really, to think about it, so in some cases it's better to stay blind to what's occurring in hopes of keeping your sanity. As cliché as it might be, "ignorance is bliss" in many situations, and even though presidential candidates will say anything to get voted into office, we can only be thankful that we have an election in a few weeks, because at this point, one can only wonder if it's even possible to make things worse than they currently are, so hopefully any of the two candidates will steer us toward the right path into economic stabilization.