[JERRY2KONE]

Well it looks like the stock market world wide dropped in large amounts. The US stock market dropped another 400+ points after falling 500 points on Friday, and from what they shared on the world news this evening markets in Asia and Europe fell quite a bit as well. Kind of makes you wonder just how far things are going to fall before we see better days. The national debt is growing and speeding up, the gross national product is losing value, and we are about to see some serious layoffs in our Federal Gov as it tries to shrink its overall footprint to coninside with projected budget cuts and national down sizing. It seems to me that the only resolve to all of these problems is a historic depression. Kind of like re-booting your PC when it becomes overwhelmed with too much data transfer, too many processes, and fragmented data. I mean really are there still people out there who still think this is no big deal? I am sure that we will see state and federal employees cut to 4 days a week for a while to reduce payroll. Plus pay cuts accross the board for anyone receiving federal money of any kind. All of this along with increased taxes to increase revenues that will repay our debts. This is about to get pretty ugly.

The monthly number of people walking out on mortgages and leaving the bank holding the bag are astonding. I had a friend tell me that the new trend is for home owners upside down on their mortgages was to purchase a new larger home already reduced in value, along with acquring enough bank money to purchase a new car (paying cash), and then file bankruptcy on the upside down home or just walk away.