Wednesday, August 15, 2007

Credit Debit

I was reading somewhere today that the population of the world has doubled since 1965 and it's going upward with that J curve thing. Wow! In other news in addition to the horrible atrocities that seem to happen around the world daily too innumerable to mention, I also read the recent headlines "The Dow Jones plummets a million points". What exactly is the Dow Jones? Doesn't that have something to do with the stock market and Wall Street in downtown New York City? Well whatever it is, I think it is all about money, money and more money. This plunge seems to be about loans, mortgages, foreclosures, delinquencies, borrowing and credit debt. Is my credit card debt contributing to the fall of the Dow and causing the world to run out of money? How does that work? Should I pick up the phone the next time the creditor calls and say I will pay them back so that the world does not run out of money? Will the world economy system collapse if everyone cannot afford to pay their debt? They say seven years is bad luck. Can debt be erased every seven days instead of every seven years? Can the Federal Reserve print up free money to give to everyone and can the Treasury give away free money to everyone so that everyone can pay their debt or just make everything free in the world so that money is no longer required to obtain anything? Can everyone who needs a home just take one and squat the land now? Oh, that's a utopian thought. And forgive us of our debts as we forgive our debtors. Is another world possible.

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