Scarrier than fiction

Hello military folks and those interested in military matters and this blog.

Today was an ugly day on Wall Street. Congress failed to pass the 700 Billion dollar bailout bill, and Wall Street reacted by dropping more than 700 points.

I’m not here to point fingers or preach doom. I’m just here to add some food for thought, because although I have a blog on the web, I don’t have a crystal ball.

I’m sure the burning question for many military personnel is; How does this affect me?

The short answer to the question is that your retirement accounts, if you’ve put into a 401K or the like, will go down in the short term. As with any investment you don’t want to invest in the short term, you want to invest in the long term so that you can weather hiccups like this, well maybe this is more like a big smelly burp.

The long answer is harder to see or even guess at. Could we see a decline to the point where we look like the 1930’s depression era? Anything is possible. Is it likely, I really truly doubt it, at the very least if the depression didn’t teach us how to keep from getting into one, at least it taught us how to get out.

The outrageous answer is this; financial markets are not supposed to collapse when everything is running, I dare not say smoothly, but they are not supposed to collapse in such a manner with out an incredible world event. So don’t be surprised to wake up in the next week or so and find out the government has released all their knowledge about UFO’s and aliens. At least it would get our minds off our money woes.