Cash-out
March 20, 2010 3:17 pm Commentary, Current Affairs, Economy, MediaThe difficult times we are in manifest themselves in many ways. One noticeable example of desperate times and the people caught within is the proliferation in media advertising of “sell gold for money”. Not that it is illegal or immoral to pawn away your savings—there is an ongoing demand for suchstuff. But what if the recovery is not. Blowing the last of your assets means more critical mass of desperate and demoralized. Our leaders tell us NOW is NOT the time to panic. So be it. But cashing out is one step shy of giving up followed by getting even. And pray it does not come to that. Otherwise I won’t wait for the “go ahead” on panic.
