My Question to Alan Greenspan and Ben Bernanke
When banks went bankrupt, to bail them out
The government gave them a cushy handout
When the rest of economy went to recession
The government tried to make a good impression
It printed trillions of fiat money
To rescue all friends of the Easter Bunny
To provide the necessary wherewithal
To spend its way out of the hole
The politicians were not aware
While they built the bridges that lead to nowhere
That money is also a finite resource
They had good intentions: for better or for worse
Inflation and taxes beyond any doubt
Caused my retirement fund wipe out
My finances were trapped, I couldn’t get any cash
When stocks and bonds have turned into trash
I was paying my mortgage & credit card debt
I spent money wisely, my expenses were capped
With banks in default, the dollar’s inflating
I still retain 5-star credit rating
Hey, Mr.Bernanke and Mr.Greenspan
Something is wrong with your genius plan
Would you, please, tell me, whose fault is that -
People are suffering and banksters are fat?
***
August 23,2009
poem by Slava Olchevski
Submitted by Poetry Lover
Vote! | Copy!
Related quotes
The (Not-So-Great) Bailout of 2008
Gather round children,
as I tell the tale,
Of how all the banks
started to fail.
About how the government
bailed out the rich,
Rather than the poor,
which would have been a switch.
People were greedy,
for something called cash,
Brokers on Wall Street had plenty,
so what they did seems rash.
And so they started
robbing regular people blind.
That's how America (and the World)
got into a bind.
The banks began approving loans for homes,
to anyone who might need.
The value would go up,
and you could re-mortgage indeed.
People started spending
what they never had.
The way money was their religion
was awfully sad.
People would spend thousands of dollars,
On luxury items and diamond rings,
While poor children went without
food, braces and things.
The world was on a bubble
about to break.
Still banks pushed loans and investments
with ratings that were fake.
The economy crashed
like a run away train.
Regular people watched as their savings
and retirement went down the drain.
The president and congress
fearing another crash,
put together
a bailout plan fast.
They reasoned, if we don't fix the economy
the whole ship will sink.
'You don't understand, ' they claimed
the world is on the brink.
And so the government taught future generations,
handing (the rich) a bone,
That's it's okay to spend
more than you own.
poem by Joseph DeMarco
Submitted by Poetry Lover
Vote! | Copy!
Winning At The Game Of Monopoly
May I ask a question?
'Sure.'
Will my good credit rating,
Allow me to borrow more money?
Well
Look at it this way.
Think of yourself as winning,
At the game of 'Monopoly'.
'Okay.
But any money I win isn't real.'
Think of taking those winnings,
To a bank.
'But I will be laughed at.'
And
Your point is what?
What do you think your good credit rating,
Is going to return?
poem by Lawrence S. Pertillar
Submitted by Poetry Lover
Vote! | Copy!
The 'Look-At-Me-And-What-I've-Got-Type
I've met a few snooty people in my days.
The ones who perceived themselves,
Better than others...
Because of a higher mortgage the had to pay.
Or the ones who bragged about their good credit.
And would announce the number of their credit cards,
To anyone for a quick display.
And those who were comfortable being who they are,
Always attracted my attention with admiration.
Those who were comfortable being who they are...
Were honest with themselves.
And to me this was a priceless possession.
People who talk about their stocks and bonds,
And investments they live on...
I don't fault them for what they believe is security.
People have their values and I respect that.
It is the ones self obsessed who appear to thrive best,
On masquerading their unhappiness....
With a projecting of pretentions the try to hide,
In a shallowness of emptiness.
The 'look-at-me-and-what-I've-got-type'.
You know...
The ones climbing down from their high horses,
Hoping not to be seen at night.
Since today the economy,
Has their mouths and lips shut firmly tight!
I've met a few snooty people in my days.
The ones who perceived themselves,
Better than others...
Because of a higher mortgage the had to pay.
Or the ones who bragged about their good credit.
And would announce the number of their credit cards,
To anyone for a quick display.
Well...
Those who were and 'still' comfortable being who they are,
Always attracted my attention with admiration.
poem by Lawrence S. Pertillar
Submitted by Poetry Lover
Vote! | Copy!
Who Needs Money
(a duet with ray walker)
(words & music by randy starr)
Im on the right track for lots of kissin
So that old greenback, I wont be missin
All the greatest things in life are free
Who needs money, not me
Cash or credit, it doesnt matter
Long as my bank books keep growin fatter
Easy street is my favorite avenue
Who needs money, I do
Just pity all those millionaires they never can relax
Because theyre always worryin about their income tax
Why waste time on high financin, Id rather spend it on good romancin
What if my pockets are empty as can be
Who needs money, not me
Tell me about it
Some folks save it, some folks lend it
But as for me I want to spend it
Give me some green and my skies will be blue
Who needs money, I do
Stocks and bonds, they only bore me
Interest holds no interest for me
Who wants to sit in the lap of luxury
Who needs money, not me
When I go to bed at night instead of counting sheep
I start counting dollar bills and then I fall asleep
Making money never thrills me
Its making love that really kills me
What can I lose with my philosophy
Who needs money, not me
What do you want
I want a big yacht, I can cruise in
The kind that girls just cant refuse in
All it takes is a million or two
Who needs money, I do
Any time some gal starts flirtin
Now that Im broke I know for certain
She really digs my personality
Tell me, who needs money not me
Povertys the only thing that money cannot buy
So rich or poor it pays to have m-o-n-e-y
A gal whos tender, thats what I love
Its legal tender, I want a pile of
Just let my liquid assets overflow
You cant take it with you when you go
So, who needs money
That lovely, lovely money
Who needs money, not me
song performed by by Elvis Presley
Submitted by Lucian Velea
Vote! | Copy!
Life in Paradise: 21st Century Style
2000-2001
The “dot com” bubble bursts
Recession
9/11/2001
America attacked!
Our way of life is threatened
Fear sets in
Financial institutions vulnerable!
Economy in a nose dive
What to do?
Everybody fly the flag from your home.
Save housing - Save the economy!
First, everybody needs a home.
The madness begins.
2002-2003
Create laws to increase minority homeownership
California gives birth to the ARMs* and NINJA** loans
Accounting irregularities at Fannie Mae (FNMA) & Freddie Mac (FDMAC) ***
Doors open for Wall Street to invest in Main Street
Without those pesky government regulations
Homeownership increases
...“After all ever since the Great Depression, home values have ALWAYS gone up
And everybody pays their mortgage ”…
WARNING! WARNING! DANGER! DANGER!
AREN”T HOME PRICES INCREASING FASTER THAN INCOME?
…...“No problem; it only takes a little creative mortgage financing and Wall St loves those high yielding mortgages…..
HIGHER RISK - HIGHER YIELD!
Pension funds love high yield.
Buy more and more....
…...“After all ever since the Great Depression, home values have ALWAYS gone up
And everybody pays their mortgage ”…..
WARNING! WARNING! DANGER! DANGER!
AREN”T PENSION FUNDS ONLY ALLOWED TO BUY AAA RATED INVESTMENTS?
...“Problem solved...banks pay the salaries at the Rating Agencies and Ratings Agencies in turn lower the standards to obtain a AAA rating”...
WARNING! WARNING! DANGER! DANGER!
WHO’S WATCHING THE “HEN HOUSE” WHO’S MINDING THE STORE?
...“Who cares?
Everyone is happy
Millions of new jobs created
Millions of new homeowners
Millions of dollars for bankers
Millions of dollars for Wall St
And everyone owns a home on Main St
Money is flowing
Everyone wins! ”…
WARNING! WARNING! DANGER! DANGER!
AREN”T HOMES BECOMING LESS AFFORDABLE?
2004 -2005
...“Pressure Government to create more creative loans and even lower down payments with even higher yields and make more bucks”…
A new mortgage is born, Euphemism: THE PAY OPTION NEGATIVE AM ARM Loan
...Easy to sell… You chose your own payment! You chose your interest rate! ...
WILL WALL ST BUY THESE LOANS?
….“You bet! Wall St loves these high yield mortgages. They package these loans as CDOs***** and sell them to Pension Funds, Municipalities, Foreign Governments etc
Spread the risk - Harvest the yield! …
Now Fannie Mae & Freddie Mac want back in on the action
...“After all ever since the Great Depression, home values have ALWAYS gone up
And everybody pays their mortgage ”
Everyone wins! …
The country is now infected with AFLUENZA
...“We need even more mortgages. Pressure Government to lower credit qualifications, raise borrowing limits, allow less equity positions. Let homeowners use their homes as ATMs+++”...
WARNING! WARNING! DANGER! DANGER!
WHERE IS THE SEC? WHERE IS THE FED? *****
...“Banks will police themselves” says the SEC
“Homeownership is up.
The Standard of Living is up
It is good” says the Fed...
...“After all ever since the Great Depression, home values have ALWAYS gone up
And everybody pays their mortgage ”...
CAN THIS LAST? WON”T HOMES PRICES HAVE TO COME DOWN OR INCOMES GO UP? .
2006 – 2007
Prices too high.
Average home unaffordable
Fewer home buyers.
Prices sinking
ARM’s resetting
Sub prime borrowers defaulting
Ninja loans failing.
Banks taking in less
Fewer dollars to lend
Layoffs beginning
Homes over-mortgaged
Appraising for much less
Equity gone
No equity - No sale
The downward spiral begins
Existing incomes static
Mortgage payments climbing
Homes losing value
Appraising lower
Jobs being lost
Unemployment rising
Banks failing
Wall St collapsing
Investment yields disappearing.
No way out!
2008 –2009
Elect a new administration with a RESCUE PLAN!
….“Spend more money Acquire more debt”….
WARNING! WARNING! DANGER! DANGER!
*ARM: Adjustable Rate Mortgage,
** NINJA loan: No Income, No Job or Assets
*** FNMA & FDMAC: Federal National Mortgage Corporation & Federal Home Loan Mortgage Corporation
**** CDO Collateral Debt Obligations
****** SEC: Securities & Exchange Commission & Federal Reserve System
+++ATM: Automated Teller Machine
poem by Nancy Chambers
Submitted by Poetry Lover
Vote! | Copy!
Social Insecurity
Strapped Seniors use credit cards ‘stead of cash
To stay afloat, after losing their stocks n’ bonds
Yet more victims of another Wall Street crash
“Let them eat cake” is what the Fed responds
ROTMS
From Reuters Article 10/23/2010
Retired and broke: Why retirees are declaring bankruptcy
For more and more seniors, retirement doesn’t mean a debt-free life of leisure. An increasing number of Americans aged 65 and older are declaring bankruptcy, according to a recent study by John Pottow, professor of law at the University of Michigan Law School.
Those aged 65 and older represented seven percent of bankruptcy filers in 2007, a mind-boggling jump from 1991. They are the “fastest-growing age demographic, ” according to Pottow’s study.
What’s the culprit for so much debt? Credit cards. Two-thirds of Americans who filed for bankruptcy said credit cards were the key reason for their financial problems, according to Pottow’s research. Besides having more credit card debt compared with younger bankruptcy filers,44.8 percent of those aged 65 and older also had more plastic in their wallets. “They’re using credit cards as a maladaptive coping mechanism, ” Pottow says.
Stephanie Osterland, a supervisor in the bankruptcy department at GreenPath debt solutions, sees an increasing number of seniors living beyond their means. Says Osterland: “They’re just trying to live off of a fixed income, and that’s usually Social Security. Maybe they have a small pension. We find they’ve used credit cards to supplement that income and expenses or they just end up getting into a lot of medical debt.”
In addition to escalating medical expenses, seniors have seen their portfolios hit hard by the lagging stock market. Carolyn Rodi of Saving Your American Dream says those considering bankruptcy should see a credit counselor at a non-profit organization to get their finances in order.
Credit counselors, such as those at GreenPath, help the elderly deal with a stressful situation. “We try to help them focus on what it’s going to look like” after they get out of debt, Osterland says.
Rodi also recommends that potential bankruptcy filers seek out pro-bono legal aid. “There are a lot of elderly people that are being taken advantage of by bankruptcy attorneys and mortgage brokers who are advising them improperly to pay for the bankruptcy, take out a reverse mortgage or to do things that aren’t in their best interest, ” she says. ”If you have no income, why should you borrow to pay someone when you can get free legal aid? ”
What are the chances of a senior paying off his or her debts? It’s difficult to determine, especially because seniors tend to be on a fixed income. And while finding a job — such as a WalMart greeter — seems like a viable option, it is not necessarily feasible for all seniors to work.
In addition, whether or not a person declares Chapter 7 (which involves the liquidation of one’s assets) or Chapter 13 (which allows debt restructuring) bankruptcy can be a significant factor in determining what one’s lifestyle will be. “If you have to file for Chapter 7 bankruptcy, you may be able to find affordable housing that allows you to just get by, ” says Rodi. “Chapter 13 lets you keep your house and doesn’t touch your retirement savings.”
Regardless, filing for bankruptcy is very stressful for anyone. “A lot of our clients in that post-retirement age have a hard time coming to grips with their situation, ” Osterland says. “It’s very emotional for them. We try to focus on the future and see if this debt can be lifted off their shoulders.”
poem by Ray Lucero
Submitted by Poetry Lover
Vote! | Copy!
Extremely Left
Some would see me as a left extremist, but I'm not, I understand economics very well, I understand why our system isn't functioning correctly. I have no degree to state this but it doesn't make me any less wrong. I have read though enough articles and documents how this or that would fix our system. It is the monetary system itself that is part of the problem, it is the governance of that system that is part of the problem, it is the way our money is both created and distributed that is the problem. They're too many facts pointing all in one direction to ignore. We must open our eyes and see behind the smooth talkers, manipulating anything and everything for there own benefit before it is too late. I don't hate government. I don't hate small business. I'm not an anarchist. I believe they have there place. But I also believe when corruption is in the open and no one cares we have a problem.
Some might think I'm off my rocker, but how do you get trillions of dollars in debt? Where does this debt come from? I recently saw a chart 1/3 of it came from bush era tax cuts for the rich. I heard someone say the corruption is now in the form of consolidation of what little wealth we have left. While that maybe true, I still believe that is in preparation for the second collapse. Or the first one that never really happen. Depending on your perspective. A soften fall by printing money that doesn't exist that's written upon government debt. Be confident people it won't hurt if you keep spending. But what your continuously spending is really doing is perpetuating the cycle of corruption. Providing more money to corporations they can use to influence our government more. Another words the debt was created to give corporation more power. I would say boycott everything if I thought that was possible. I would say lets have modern Boston tea party if I thought we could get away with it. But that method I believe is useless. The only ones I think can stop it are the politicians. Will they though? I doubt it. I have a voice as you do and we must keep speaking. And that is right now my number one objective. Will it solve anything? I don't know, but I must try. So I can say I was not one of those good people who did nothing.
poem by Ace Of Black Hearts
Submitted by Poetry Lover
Vote! | Copy!
And I just think that we're at a point in our economic life here in our state - and - and, candidly, across the country, where increased taxes is just the wrong way to go. The people of our state are not convinced that state government, county government, local government has done all they can with the money we already give them, rather than the money that we have before.
quote by Chris Christie
Submitted by Lucian Velea
Vote! | Copy!
Leaves On The Line
Britain's debt hits a trillion pounds,
What we owe is rising fast,
The response from Cameron really astounds,
Everything's the fault of the past.
Youth unemployment hits a record high,
To the chancellors eternal shame,
His excuses would make a grown man cry
He claims their policies are not to blame.
Billions of pounds of new spyplanes are binned,
Aircraft carriers without one plane,
Our armed forces are being skinned,
Having no defence is utterly insane.
Utility bills are out of control,
As people are dying from the cold,
Culling the weak is this government's goal,
Be worried if you're disabled or old.
Inflation is over four per cent,
Another government pledge is broken,
But still the chancellor won't repent,
That statistic will remain unspoken.
The previous government caused it all,
They're responsible for all this fuss,
If you've got a problem give them a call,
It's got nothing to do with us.
It was all down to the winter snow,
Because it was so severe,
To the shops the nation couldn't go,
The weather had them living in fear.
Unemployment levels hit their highest for years,
Government policies didn't cause this mess,
It was the royal wedding that brought us to tears,
It's that which caused all our stress.
Our economy is now falling apart,
We've now entered another recession,
From their disastrous policies they will not depart,
They're giving us all depression.
Now it's the fault of the Eurozone,
Our austerity was caused by them,
If in doubt give them a phone,
As an excuse it's another gem.
All politicians are so alike,
They love to take but never give,
An honest one's similar to a lightning strike,
You'll never see one as long as you live.
We've heard their excuses every one,
Like their policies they're all in decline,
Our worry is that they have only begun,
What next,
‘' Leaves On The Line ‘'
Told to Go to a Heated Place
People are crazed.
And don't know what they want.
They want the government out of their lives.
And yet they want to be protected from terrorists.
As well as those they know,
Who are revealed to be thieves.
Their next door neighbors...
Who have committed petty crimes.
The ones who drive Benzes and Mercedes.
They wish not to pay another tax.
But expect free this and that...
And become angered,
When they spend their last dime.
Wasted on craps.
And other casino traps.
No second best!
They want to be better than the rest.
They want to build and show progress.
They want their stores stocked like packed nests.
They want to dress and stop breaths...
Because they want to look so good!
Moisturized, tanned and...
Buffed.
And they want to pocket huge dollars for doing,
Less than they should.
ALL...
Delivered by the Good Witch from the East,
Glenda!
Remember her from the Wizard of Oz?
Glenda?
The one who promised Dorothy,
If she really wanted...
She could and 'would' get back to Kansas.
Or get that which her heart truly desired.
Just with the clicking of her pumped and Rubied heels.
Three times.
And...
That's all it would take!
'Please let me get back to a credit A rating!
Please let me get back to a credit A rating!
Please let me get back to a credit A rating! '
People are crazed.
And don't know what they want.
They want also to be the first to occupy 'Space'.
You know...
Outer Space?
With much of that 'inner' space between their ears vacant.
They want the government out of their lives.
Day and night,
Loudly they make this clear.
But want their interests protected by those they elect...
Done.
And 'stunned' by the cost,
To maintain their exorbitant delusions.
And those who confront them...
Are told to go to a heated place!
And while there,
To kiss where the Sun does not shine!
poem by Lawrence S. Pertillar
Submitted by Poetry Lover
Vote! | Copy!
Money Man
(e. king, j. van zant)
This song goes out to all the money men
He drives around in a fancy car
Smokes those long cuban cigars
He dont know how to play guitar
He cant sing but still the pretty girls think hes a star
We play music got families to feed
Aint good with numbers and he knows we cant read
If we get a dollar you know he gets three
It aint hard to figure out its as simple as can be
Dont ask me ask the money man
These boys are livin in a fantasy land
I just keep em on the road so they can pay the money man
Ill be long gone before they understand
My promises are strong like a road made out of sand
I wanna be your money man
My mortgage is picked up by the band
I wanna be your money man
The boys, oh theyre sleepin out in the van
Dont ask me ask the money man
You boys are livin in fantasy land
You signed the dotted line Im takin all I can
Your moneys lookin good in my retirement plan
Thats just the way it is when your playin in a band
Thats my money man down on his knees
He aint prayin but he damn sure ought to be
Hes at a place where money doesnt grow on trees
And all his prison buddies doin more than shoot the breeze
How does it feel no money man
Not too good
What did you do with my money man
Well I a... well a you know a...
How does it feel to be a honey man
Are you sure that your still a man
Aw your dressed up like a little girl
Just shootin the breeze down on your knees
Money man, oh money man
song performed by by Lynyrd Skynyrd
Submitted by Lucian Velea
Vote! | Copy!
To Many Cons by Talile Ali
'Come on, Make a million! '
selling money notes
buying Forclosed housing
investing in hopes
make credit card payments
sign on a blank check
on these phony promises
running you into dept
as they just get richer
your tossed on the street
your house was forclosed on
got nothing to eat
millions have suffered
never to receive
a dollar of profit
from televised greed
they say you can do it
it's never been done
except by the bandits
in banks with a gun
why is it so legal
to run lying ads
that steal from the millions
that have it so bad
Copyright © 2009
poem by Talile Ali
Submitted by Poetry Lover
Vote! | Copy!
What for is money?
I thought on how could be the life
Without having to work for money.
After all this is the money which we work for.
Had we only have enough money to spend
We won’t have to toil our body or brain.
Solution also seemed very easy to me.
Just have a lot of mints to mint money.
Make as much money as may people need
Give them as much as may people want.
All problems are seemingly soon gone.
The root of all evils I thought could be
the root of happiness of all kind instead.
“How could this easy way out be overlooked? ”
Thinking furthermore I thought.
We need mints and we need paper and ink.
We need banks and a lot of ATMs.
People will get money and go for shopping
So we need ample shops. In shops we need products.
We need make shops and we need make products.
but we also need people to run them.
So some people will make paper and some ink.
Some other will work in mints and banks.
Some will work in shops and making products.
Rest all the people will only happily buy things.
Thinking up to here my thought jumbled.
People needed money so they worked.
If money was available for doing no work
Then why should there be anyone to work?
If no one works then where from comes paper and ink?
Where from comes money, banksand ATMs?
Where from then comes products?
Without products how could then we live and enjoy?
So we need products and for products we need to work,
to get people into the works we need money.
So it was that money could not be made free.
I thought 'People have already thought it before me.'
poem by Palas kumar Ray
Submitted by Poetry Lover
Vote! | Copy!
Money
Money
Money
Money
Important
Useful
Necessary
Money
Money
Money
Wealthy
Middle
Poverty
Money
Money
Money
Save
Give
Spend
Money
Money
Borrow
Lend
Money
Money
Foe
Friend
Money
Money
Master
Slave
Money
Money
Satisfied
Crave
Money
Money
Laugh
Cry
MoneyMoney
Live
Die
Money
Money
Sick
Well
Money
Money
Heaven
Hell
poem by Howard Simon
Submitted by Poetry Lover
Vote! | Copy!
Having-Less-Is-More
Money isn't 'everything' you know?
'Ooooohhh mon ami,
Big dummy you!
YOUR money may not be 'everything'.
Or not nearly what it use to be.
However...
SOMEWHERE someone is spending it,
Caring less about your limitation.
Or who has good or bad or indifferent credit.
And they have yet to accept greed as a motive,
To live a happy life! '
I am not referring to foreigners,
I am talking about us...
Living today in 'this' country.
'Oh?
I see.
So you've already adopted,
That 'Having-Less-Is-More' attitude?
Good for you.
You make me proud.
But as for me...
Give me a ten dollar bill anytime.
Even a five dollar bill,
Seems less than a dollar these days.'
poem by Lawrence S. Pertillar
Submitted by Poetry Lover
Vote! | Copy!
Love the money
Money
Is not money...
It is life....
Money is not
Money
It is happy...
Money is
Not money
It is faith...
Money is not
Money
It is friend...
Money is not
Money
It is life maker...
Money is not
Money...
It is your hard work...
Money is not
Money...
poors god...
money is not
Money
Rich people Cap...
Money is not
Money
World wide all...
Any or many thing money
With money...
So...
Love the money...
Each every day...
Earn too enjoy
with your's life...
witrh good...!
poem by Otteri Selvakumar
Submitted by Poetry Lover
Vote! | Copy!
Money
1:
Money makes the world go round
The world go round, the world go round
Money makes the world go round
The world go round, the world go round (money)
Money makes the world go round
The world go round, the world go round
It doesnt matter if youre up or down
cause money makes the world go round
Say what you will because you know its true
No hundred dollar bill, no fun for you
Dream of your life as your days go by
Trapped in a job til the day you die
Those with the dollar are those with the power
Getting more clearer every minute and hour
Keep on your path hanging on by a thread
With anyones luck you might get ahead
Repeat 1
Say what you will because you know its true
Theyre do different from me and you
Got no credit and you got no cash
Living the high life, living so fast
Stare at the sky and wish upon a star
You gotta dream thatll take you real far
Scratch at your head and you toss in your bed
You just cant escape these words she said
Repeat 1
I wish it was love, I wish it was love
I wish it love, but its not. its money
I wish it was you, I wish it was me
I wish it was us, but its not, its money
Repeat 1
I wish it was love (money)
I wish it was love
I wish it was love, but its not
It doesnt matter if youre up or down
Cause money makes the world go round
Cause money makes the world go round
The world go round, the world go round
song performed by by Vitamin C
Submitted by Lucian Velea
Vote! | Copy!
Prayer For Money Management
• Bless me with wisdom, knowledge, and understanding on how to
spend and manage my money, in the name of Jesus.
• Enrich me forever and bless me, my Lord God, in the name of
Jesus.
• Give me the knowledge to know where my money is going, in the
name of Jesus.
• Grant me the power and a sound mind to save money accordingly,
in the name of Jesus.
• Grant me the wisdom to make profit. Grant me the grace and ability
to make good investments, in the name of Jesus.
• My Father and my God, You love a cheerful giver; make me one, in
the name of Jesus.
• Grant me that grace and knowledge to make a budget plan, in the
name of Jesus.
• Grant me the grace to set money aside for my children’s education,
in the name of Jesus.
• Make me a wise spender by cutting down on my expenses. Remind
me that I do not need everything, in the name of Jesus.
• Teach me how to plan ahead of time, and give me the grace to buy
sensibly, in the name of Jesus.
• Give me the grace to set funds aside for emergencies, in the name of
Jesus.
• Make me reduce my wants, O Lord, and help me spend money on
things of God, in the name of Jesus.
106 ENOCH O. AKANJI
• Bless me with wisdom to set money aside for retirement, in the name
of Jesus.
• Make a way for me out of no way and cause me not to lack any good
thing, in the name of Jesus.
• Enable me to make a long-term investment, in the name of Jesus.
• Above all, bless me to be financially independent as soon as possible,
in the name of Jesus.
poem by Enoch O. Akanji
Submitted by Poetry Lover
Vote! | Copy!
The Boy and the Teacher
Teacher, teacher, 'why is my gram parent going to have to go to a nursing home? '
'Well', says the teacher in disgust. 'The republicans(Defenders of the rich) won't allow the raise of the government budget ceiling(The Amount Of Money That The Government Can Borrow.) they don't want to raise taxes on the job creators(Corporations..). But they want taxes on the workers and cuts in government funded programs to equal the new budget. The Democrats(The Ones Who Believe Our Country Should Be A Nanny State) . Don't want to make the cuts in certain government programs or raise taxes on the poor and want to raise the budget ceiling without paying for it.'
The little boy says 'That don't sound that complicated. Why don't we just tax everyone across the board, according the money they make and have. And Why don't we make cuts in programs that are not necessary. Oh and while were at it why don't we bring back our military slowly. So were not spending 60 billion dollars month in other countries. Why do we have to police other countries? Or even a better question how can we afford too when our debt is so high? '
The teacher responds back, why don't you write your congressmen, senators, and president letters and ask them.
The little boys says, 'Easy they would never read them.'
The teacher a little annoyed says, 'You got answer for everything. And I thought I was the teacher.'
The little boy chirps, 'your darn tooting'.
poem by Ace Of Black Hearts
Submitted by Poetry Lover
Vote! | Copy!
They Let 'em Fail
Iceland refused to take a loan
From Banksters at the IMF
Instead let banks fail,
Kept the debt...
And sent the loan sharks home
ROTMS
Source: Bloomberg
Iceland’s President Olafur R. Grimsson said his country is better off than Ireland thanks to the government’s decision to allow the banks to fail two years ago and because the krona could be devalued.
“The difference is that in Iceland we allowed the banks to fail, ” Grimsson said in an interview with Bloomberg Television’s Mark Barton today. “These were private banks and we didn’t pump money into them in order to keep them going; the state did not shoulder the responsibility of the failed private banks.”
Ireland’s Prime Minister Brian Cowen said this week his government has discussed an 85 billion-euro ($112 billion) bailout with the European Union and International Monetary Fund after the country’s banks threatened to bring the euro member to the brink of bankruptcy. Iceland’s banks, which still owe creditors about $85 billion, were split to create domestic units needed to keep the financial system running, while foreign liabilities remained within the failed lenders.
As a consequence, “Iceland is faring much better than anybody expected, ” Grimsson said. The Icelandic state’s liability on foreign depositor claims stemming from Icesave accounts at failed Landsbanki Islands hf should be put to a national referendum, he said.
“How far can we ask ordinary people - farmers and fishermen and teachers and doctors and nurses - to shoulder the responsibility of failed private banks, ” said Grimsson. “That question, which has been at the core of the Icesave issue, will now be the burning issue in many European countries.”
poem by Ray Lucero
Submitted by Poetry Lover
Vote! | Copy!