The
Trinbagonian

Put out your bucket!

This article is being written mainly because of the economic times in which the world is presently immersed. Recently I have read numerous articles which have stressed the progress of the US financial recovery, The National Bureau of Economic Research has stated that the economic recession which began in December 2007 had come to its end by June 2009 and at present (December 17, 2010) the US economy is in its re- building phase. Such revelations may be deceiving due to the high level of unemployment averaged to be at 17.5 percent when all factors are taken into consideration (part time workers and individuals who have stopped seeking work). The Chairman of the US Federal Reserve, Ben Bernanke has seen it necessary to pump more money into the United States Economy to keep it afloat, money that the United States clearly does not have and frankly is backed by nothing. The rest of the world assume and hope that the United States, because of its great productive power can clear its debt in some way, but a sober look at the figures would clearly show otherwise. At present any more money used by the Federal Reserve would simply be paper backed by nothing. As my father use to say, it seems that this whole money (or rather currency) thing is an entire "concoction"; meaning that it is a set up, something unnecessarily devised. If one understands the psyche of the African West Indian man you may realize that in most cases he is eager to cry oppression and question events in needless cases but I think that this time my father may be on to something (my father being an African West Indian) and Americans should cry out against the oppression of which they are clearly suffering.

    In Bernanke's defense some historians and economists have criticized the lack of action by the Federal Reserve in the 1929 Great Depression attributing the length of the depression to the Federal Reserve's inaction. In the recession of 2008 the Federal Reserve have done simply the opposite, silencing one side of critics and arousing another group who are now raising questions concerning American dept. In the recession of 2008 the Federal Reserve spent over 3 trillion dollars in an attempt to prevent a depression and so far it has worked but this has resulted in an enormous US dept increase.

    Now it should be noted that the United States of America has become the land of real opportunity for shrewd and cunning investors. At present, opportunities have opened up that were never before present. Prices of real estate in states like Detroit and Cleveland are at extreme lows and investors now have the opportunity to capitalize on such opportunities. The landscape of real estate holders and land owners could change drastically in America during this time of uncertainty.

    When it is raining gold, don't run for shelter instead put out a bucket! At present stock prices are low and real estate prices are low and ironically people are afraid to invest in either. If you have access to cash don't hesitate to invest. It would be very rare to find banks that are willing to lend at this point in time so for those who don't have cash available, it would be difficult. But these are the times in which individuals are to capitalize upon although at a moments glance things may seem unstable.