Friday, September 19, 2008

The Financial Crisis

I've been following the developing economic crisis over the past few years with great interest. For me it was easy to see that the United States would end up in a full-blown economic crisis.

We've gone from a nation envied across the world for it's industrious and well-intentioned people to a nation widely regarded as belligerent, greedy and unbalanced.

Meanwhile, I've listened to countless US citizens deride the "socialism" in Europe.

Well....I'm pretty sure the multi-trillion dollar bailout that just occured in the United States today makes us the largest government owned economic system in the world.

How about that?

I think this is maybe what happens when you walk around telling everyone how great you are, put a priority on "lookin' good" and making sure everyone knows "you're worth it"...instead of going out there with a chip on your shoulder and proving it.

When we purchased CRead, we knew this was coming. We knew that capital would be increasingly scarce. We knew that many large companies would fail. We knew that the world would likely slide into a depression-like environment.

However, my hope was that folks in the United States would start focusing on the important things in life (relationships, trust, education) and put away the absurd focus on appearances.

I also assumed folks would start wanting to read more. Maybe realize that the television media doesn't add value. Maybe realize that true learning requires the commitment to dive well beyond the headlines.

My thought was maybe CyberRead can help them and help me earn an honest living.

Well....we'll see. Hope I'm not disappointed.

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