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ECONOMIC CRISIS: How to change it without costing more

October 23, 2008

The rich are nervous.  They own things like cars, homes and businesses potentially of great value from $1000’s to $1,000,000,000’s of dollars.  But if there is no one to purchase or buy the item from them, of what value is say, a home with a price tag of $450,000?  Nothing!  If there is no purchaser to pay the rich person $30,000 for the car (or anything else)  all his possessions will ‘net’ him nothing.  Furthermore, the original amount spent by the owner (investment in the house, car, business etc.) is lost along with the potential profit.  Yes, the rich are very nervous.  They look rich but if you don’t buy from them – they have nothing!

The banks are very nervous.  Unless the people pay what they owe the banks, the banks will lose everything. 

The people are nervous too.  They cannot afford to buy cars, houses, or anything as they used to.  They owe too much money (plus interest) and so there is nothing left for them to spend.

All three:  the rich, the banks and the people are nervous.  All three must find a way to work together.

For a tree to be healthy with a sturdy trunk, and flourishing branches and leaves, it is the root system that holds up the tree and gives it its strength.  In the same way, the people are the ‘roots’ of the economy.  If the people are strong, the economic system will flourish.  But if the people are weakened, the economic structure will collapse.

People we know how you feel.  What can you do?  You want to sell something.  But can you trust the buyer?  After all, he owes so much money already.  Will he pay you what he owes you?  On the other hand, if you don’t make the sale, the car or whatever you are selling is worth nothing?

And of course, the banks are nervous about giving loans to people because they already owe so much.  What if the people are unable to repay the loans?  So what can they do?

If someone has a Canada Savings Bond and he wants to sell it but no one is buying because they have nothing left to spend then the Canada Savings Bond means nothing, is worth nothing.

It is the same with gold.  Gold doesn’t ‘work’ anymore.  It can’t be sold because people can’t afford to buy it.  That means gold means nothing because you can’t sell it.

As far as money goes, they say it means nothing.  Every day our money is worth less.  Today our Canadian dollar is worth $0.80 American.

So what can we do with this people? If you don’t understand what we are saying, write to us! If you want an answer to this dilemma write to us or come and see us.

It is time to listen – to learn a new way from one end to the other, whether you are in the U.S. or in Canada.  We will win in one day if you listen.

Yours truly,

Roger Poisson

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