bank troubles
One of the biggest things I have noticed since I have begun college is that there are a lot of things about this world that I just never looked and assumed would always be there without my influence. This week I have been once again reminded that even though I figured out my major ideas and that I have a paper due next week, things out there in the world are still going to happen with or without my own personal influence. This realization is something that has come along many times, most of which have been funny little moments where I realize something mundane or far off in the world that does actually affect me. This week however I have actually been feeling a bit of anxiety about this new discovery.
I am sure that every single one of you out there has heard through one form or another since Sunday that we have a big problem right now surrounding our stock market investing world. For over a year now I have heard little whispers about bank troubles and rising gas costs. I have been raised as a driver in the time of high gas prices so I am sort of passive about that prospect. This week however, the news that I keep hearing is something of a more ominous tone. Everyone is talking about our economic troubles and even Alan Greenspan said that this week is a “once in a century” type of event. Now I don’t know much about history, but I do know that in the last century we had this thing called the great depression and if I am not mistaken, that only happened once in the entire century. Maybe I am just getting a little overzealous here, but as a young person who is going to be expected to live in the world that follows these banks falling over, I have somewhat of a big investment in that future.
One point that I see as sort of making this whole thing worse is that most of the people I know around here are under informed about this issue. They see it as a sign to stay away from investing and just pass up all of that investment advice that is being handed out from this. The mindset of young people our age needs to become one of willingness to watch these foreclosures and still have faith in the work of our money. As a younger generation we must look still at the real estate investments of the past and learn something. We must not simply stray from the whole system, but have the heart to reform it. That’s all I have to say about that.