The answer is: Fear. Right now people are living in a state of fear because of the economy making a change downward. For decades this situation has been going on, but did not make news until it started hitting the average person's pocketbook.
The first fear started with the World Trade Center attack on September 11, 2001. People lived in fear that another attack was going to occur right away. Seven years later we have not had another attack and our fear level has gone down. The second was started with oil prices going up. The third was mortgage interest rates escalating to the point that people have lost their homes. Now We see banks closing and there is the belief that we may not have money for tomorrow.
What makes this economic situation different than the crash of 1929 is the fact that people did not live on credit. Our economy today is based on credit. So this is really a credit crash. My father came through the depression and he always said, "If I can't afford something I don't need it." He never owned a credit card and would always pay cash for what ever he needed. It's so easy to spend money with a credit card or a debit card. If you start using cash more you will find that you don't spend as much. This is one way to stop the panic. Think carefully about what you really need before you buy it. You would be amazed at what you can live without.
With the economic crisis Chicken Little running around screaming, "The Dow is falling, The Dow is falling." Fear is causing people to panic and the media feeds the panic. Fear keeps people in line and following the actions of those in charge. We must not give in to the fear. Remember that this too shall pass. Realize that you have a hand in controlling your destiny and that you will always have enough to survive. You won't have to go hunting or scavenging into farms and fields for food. There will still be enough. Use wisdom and do not be swayed by the news.
I originally wrote this piece two weeks ago and knew that things were going to get tighter. As you can see from Monday September 29, 2008 many of the things I have talked about are starting to happen. This is the time for you to turn to your Higher Power And have complete trust that all will be taken care of for you.
Tags: Money Fear Life Stock Market Faith
