Good economic news tonight…: my old boss from Hunan Garden just called, asking me to work nights for 9 to 11 days. I told him the days I couldn’t work (leaving 6 available), and he agreed. He said I could use their cars. It should be around two or three hundred dollars.
Also, the federal bail-out passed the Senate again. My feelings from the beginning were that the economy was in no lasting danger, being an entirely different machine than it was in the ’30s; so the plan was nonsense to me, and I was glad for the initial vote-down. The stock swoop that day meant nothing to me, Dow’s 11 thousand to 10.3 — big deal. Are those ten thousand points worth zero, suddenly? Only later did I learn some of the other justification for rejecting the plan.
Today, though, I heard of the losses in foreign markets… and while I still think this country could very easily weather this "crisis", I have no idea how sound the economies are abroad. It might hurt some of our global partners more than it ever could hurt us; and that, in turn… well, I don’t know. It could compound into a renewed sell-off here, or on the other hand, it could even out the dollar or even counter-inflate us. But generally, it’s bad news to see a foreign economy struggle. Even if it doesn’t hurt us back, it by itself could collapse their legitimate government.
…And maybe usher back a more conservative one…? Oh, it’s hard to predict. But the risk just seems very tiny that… a political mutation would create an intelligent evolution rather than a cancerous extremism.
So, this new bill… however more rational it may seem to the House… does not have quite the opposition its predecessor did, not from me.
…Because the question is less and less whether it’s corrupt legislation…
…And more and more whether grass-roots financial confidence is at risk.
Well, I haven’t been touched, and neither has anybody I know. It might as well be bogus, if you ask us here in Utah.
And if the worst case does happen… well… it’s a pretty creepy economy that’s built on speculation and credit, and I wouldn’t cry much if we had to start it over.
This little crisis is not the end of the world, anyway. What is the end of the world?
…That everybody reading this line is on their way out, one way or another — on their way to meet God — but who among us is prepared?
Not even $700 billion can buy even a single soul its way into heaven. Now is the time to repent, and to stand up against the moral recession and spiritual depression so ever more fearfully threatening our world.
Repent, repent. Listen, as God speaks to his people this weekend.
Don’t believe it?
Well, open up your mind and read. Thus spoke God’s mouthpieces three to five years ago:
"We again urge our people to avoid unnecessary debt, to be modest in the financial obligations which they undertake, to set aside some cash against an emergency. We warn our people against ‘get rich’ schemes and other entanglements which are nearly always designed to trap the gullible" (2003).
"[The Prophet] continues to stress the avoidance of unnecessary debt, the fallacy of living beyond one’s means, and the temptation to let our wants become our necessities" (2004).
!-> "My brothers and sisters, I’m appalled at some of the advertising I see and hear advocating home equity loans. Simply put, they are second mortgages on homes. The promotion for such loans is designed to tempt us to borrow more in order to have more. What is never mentioned is the fact that, should one be unable to make this ‘second’ house payment, one is in danger of losing his house" (2005). <-!!
Let’s see what they say this year, and obey it. Even if we lose the whole world, we may gain our souls… and we would rejoice in the exchange.