September 14, 2006
by Robert T. Melaccio Sr.

The current economy is booming for those who have. That is a fact and no need to discuss the many reasons why they are there for the investigating. However, the worm is now starting to show itself. Do you know there are credit cards out there charging over 30% interest? We have had a change in credit card laws allowing increased monthly payments and we consumers have little to no bankruptcy protection anymore. If you fail to pay one credit card on time the others can adjust rates even though you have made payments on time with them. Collection agencies are free to do what they want. Now put this all together with everything else the average person is going through and you have the makings of a major problem right over the horizon. There are many reasons for this but the bottom line, regardless if it is legal or not it is greed. That magic word that defines human history.

Now don't bother to talk to your congressional representative they are the ones that helped get it that way. Don't bother to listen to the church rhetoric. Unfortunately that is also part of the program. We accept more when it is dressed up in God and Nation. As example, here in the Sunshine State, which is one of the more average person unfriendly states in the union, are experiencing the squeeze through enormous tax and insurance increases. Also, many insurance companies are dropping there homeowners insurance and your friendly mortgage company is placing you with "mandated" coverage well beyond what Citizens Insurance may be charging.

Without being rude or disrespectful and certainly recognizing you are entitled to your own opinion, here is my opinion as to what is going to happen. We are seeing the first signs in the housing market. People are scrambling to sell and move. The question is move to where? Unless you leave the country you are under the control of those who weave the web. Have you even noticed how everything is tied together? One link associated with another. Rhetorically, is this by coincidence or is there some force we are unaware of driving the changes that ironically seem related?

Here in my opinion is the theory. The need to globalize is essential to the moneymakers in the world. Democracy establishes the foundation for free markets. The concept of "trickle down" works great for those who have. They talk about how they are bringing freedom to the world. They never discuss what price is being paid. Secondly, the concept of eliminating exchange rates for money means that there will be one stabilized currency for the entire world. This is not conspiracy theory or out of this world thinking, just ask anyone who does international business if this would be good for them and you will have your answer.

Now people are not as easy to let go of their national roots. After all it took quite awhile to move off the gold standard to worthless paper we use today as currency. We now have fewer banks and financial institutions, the bankers own the wealth and if you don't think so you just don't know. The wealthy are getting wealthier by the second while the average people everywhere serve their interests.

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Now if the banks and financial institutions own your home [I have news for anyone with a mortgage they own your home not you] they can call in the note when they want if you do not live up to the obligations. One of those obligations is that you will protect their investment. They really don't care about your investment its their investment we must protect. Now if your insurance becomes such that you cannot secure or maintain it you are in default and guess what. Get the cardboard box out.

Now we just recently saw the explosion of greed in the housing market. People standing in line to outbid each other for a home already over priced. What did the banks, and everyone else involved do? You got it they went for the ride and even encouraged it with their new ingenious ARM programs etc. The state, county and city you lived in did little to no planning and all of a sudden found out they need more infrastructure. So what do these in my opinion genius types do? They raise the tax rates. Along with that comes the insurance "replacement mandate" which drove insurance costs through the roof. Coupled with the numerous exclusions and deductibles you will be lucky anything gets fixed if you have a need.

Are you waking up yet? Now when it all falls apart due to low wages, lost jobs, increasing costs, more failures and the only ones left are those who have, guess what will happen to you? They are sitting there smiling at their good fortune. Too bad you're sitting in the park.

Now out of the blue a magic bullet must come. Our representatives will rise to the historic moment and come up with a plan to save the day. I suspect part of that plan will be a common currency or equal currency value worldwide. Then those in India and other places will be earning what we are earning and there will be no more immigration problems. We will all work for the same low wages and business will reap the profits and wealth. Homes will be devalued but you will still owe what you owe. How they work out the value exchange will be interesting.

Now enough of what many will say is incredulous thinking. You know something they said it many times that something could never happen and bang it did. Now keep in mind all of this is just one mans opinion. However, the signs are all around us. If you are one of those who don't think so, then continue to vote like you do for your party of choice. You either won't be impacted think it is a great idea or could care less. That is just the facts. As for me I hope things get better because I am looking right now at paying off whatever I can and downsizing so I can get in with the greed crowd when the bubble bursts.

I have written on this topic in The Coming Storm and The Storm is at the Gate and I have seen much materialize since then. So as the title of this article states "You reap what you sow". Vote these same representatives into office, or those who think like them and the bubble will burst eventually and we average Americans will be the ones who are the likely recipients!

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Robert T. Melaccio Sr. [send him email] is a freelance writer.

Copyright © 2006 Robert Melaccio