One problem with writing a post everyday is finding themes. In that regard I admire Daniel Greenfield who writes for his blog called Sultan of Knish. He posts several times a week and each time it is an academic essay on some aspect of politics or world affairs. His posts are between 1200 and 3200 words each time. On the other hand, when I am in good form I will post about three times a week and average about 600 words. Lately, my posts are about four times a month, and I am having difficulty thinking of stuff to write about.
I wouldn’t be surprised if someone labels me racist again, because when Obama was president he did so many things I disagreed with that I couldn’t stop writing negatively about him. When Trump was president, I didn’t want to fan the fires of those who were against him because the press didn’t need any help from me. Biden on the other hand hasn’t done anything I like, and I believe he is destroying the country. Biden is making Obama look like an amateur when it comes to stupid policies and stupid governance. I don’t want to waste my time repeating what the daily news is already doing. Besides sleepy Joe is an old timer like me, and I won’t pick on someone who can’t help himself because his brain has stopped functioning. There is nothing sadder in life than watching a person who was a fireball while younger, and who has lost it to Alzheimer’s. I saw what happened with my wife, and it is truly saddening that so many people end their time on earth by slowly losing their memory to the point where they forget how to breath.
One memory invoked by Sleepy Joe is the era of Jimmy Carter when inflation kept rising and the Federal Reserve couldn’t do anything but raise interest rates to 16%. It was a great time for people with cash who could buy Certificates of Deposit earning a 16% return for a five year period. They advanced the size of their savings dramatically. The high interest rate eventually worked, and the economy adjusted so the rates began to drop, and about the time the 16% CD’s matured the rates were back to a paltry 3%. So for anyone looking at how long this pain will last history says it will be at least five years after the current rates rise to 16%.
For the past twelve years we have enjoyed an economy that was operating on free money. Loans were down to the low 3.0% range and that allowed many people to buy the house of their dreams. Those who had cash in the bank were sadly only making 0.1 % on their savings. Most people invested in stocks to make decent money. My retirement has been happy because of the earnings I have received, but I’m not so sure I will be happy moving forward as the economy begins to falter. My advisor continues to admonish me to look at the long run, and not the short term. Excuse me, but just how much longer do I have? Ten minutes, ten days, ten months, ten years? I worry that my paltry portfolio will not be strong enough to keep me going for the duration.
Last week I went into a McAllister’s deli for a sandwich($20 for a cup of soup and a six inch sandwich), and I swear the lady who took my order was older than me. I had a vision of me behind the counter making sandwiches, and that is not appealing. I’d rather spend my time standing in the middle of busy intersection dodging traffic with a bucket in my shaky hand collecting money for my Lions club.
In the good old days everyone was a farmer who worked until he died. It was only after the industrial revolution, and the Great Depression that people began looking at work as a forty-five year duration. Pensions, vacation, and medical insurance all became perks for workers. These benefits were being offered by companies desperate for help. With Trump’s economy we saw a huge shortage of help, but I didn’t see anyone offering huge new benefits to lure workers to their factories. About the most extreme benefit I saw was the work from home model which came because of Covid. Let’s hope things get better sooner than later.
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Filed under: Aging, Conservative, economy, Government, Memories, Seniors | Tagged: Biden, Carter, Inflation, Obama, Sultan of Knish, Trump Economy | 1 Comment »
