Thanks NoiseyGirl, your discussion got me thinking…

As we get hit harder and harder in this economy, the ONLY thing separating middle from POVERTY (not lower) class is our homes, - and they are under siege and our jobs. Soon the moratorium on foreclosures will cease and as the unemployment rate continues to rise, you will see more and more violent incidences and a resurrgence of the 80’s (remember DC used to stand for Dodge City?). As a community, we will have to really buckle down and get ready for a helluva ride. The middle class is becoming an endangered species.

We need to save, and I mean really save. Save that Louis bag you want for later, and stash that cash. Save that new whip you want and stash that cash. Stop popping bottles in the club, get your buzz in the car before going in the club and stash that cash. If you’re living the motto, “it ain’t tricking if you got it…” soon, you won’t have it, stash your cash. Stop eating out and dropping $150 on dinner and buy some damn groceries and eat for a week – and I won’t even TOUCH how the cost of groceries have skyrocketed. Just save your money, stash you cash.

We are experiencing the worst financial crisis since the 1930’s, 533,000 people have been laid of in November alone, 2 million jobs lost since the beginning of this b*******, and they predict another 3 million of us will loose our jobs in the next two years. Housing, credit and financial problems persist; consumer spending fell by 1.7% last month and energy prices are getting lower and lower (notice the price of gas?), these things signal a deflation, which also adversely affect our incomes (IF we have jobs) and corporate profits (which decide IF we keep jobs).

While the Feds are about to slash rates AGAIN, it may help ward off a deflationary period for a while, but it doesn’t help us directly because at this point, many of us have jacked up our credit with a couple of late payments on credit cards, and in my instance, my credit card limit was REDUCED for NON-ACTIVITY!!!! Sure, you can now refinance that McMansion you bought a few years ago, but if you’ve been late on that mortgage, or that BMW payment, you won’t be able to reap the benefits of that. Unless the Feds do something to help those already hit by the recession and put measures in place which will allow EVERYONE to take advantage of the benefits, the s*** is REALLY going to hit the fan.

Views: 10

Comment by Sugar on December 16, 2008 at 1:11pm
So true BD so true.
Comment by WorkingBlue on December 16, 2008 at 1:11pm
One of my girlfriends just called to tell me they repo'd her car because she missed this last month's payment. Her husband couldn't pay it because his car note alone is like $600 (he has really bad credit). They both live with her mother. It could be the economy or it could just be her bad karma (she's been cheating on her husband since they got married, most recently with her boss and her hub's bff) but either way this crisis is hitting everyone hard. I can't tell you the last time I did some serious shopping.
Comment by Sissy on December 16, 2008 at 1:17pm
Well written. The crime is definitely going up. It's sad because the family of the man who killed the bus driver in NY a few weeks ago said that he had a short fuse after being laid off...he probably killed him because he didn't have the money for a fare.

smh
Comment by Sexychick123123 on December 16, 2008 at 4:18pm
Dam times are hard... Soon more and more people are going to start actin crazy.... and thats when s*** is going to get real crazy. Riots etc more home envasions.... The only thing we can do is pray....
Comment by Chocolate Drop on December 16, 2008 at 4:36pm
If she's sleeping with her boss & hub's bff it's no way her car should have gotten repo....that don't make common sense!!!!
Comment by Holly-Would on December 16, 2008 at 5:23pm
Merry Christmas
Comment by Ishtar on December 16, 2008 at 8:24pm
Hopefully, things won't get much worst than this.... What we are seeing are the loose ends being shaved off (sort of speak)... prices and inflaction / cost of living are coming back down to reality from it's inflated hiatus. Unfortunately many will suffer during this transition. Unexplored natural resources in the energy industry, science and technology will probably be the new venture for both private and the government industries in the coming years...

@ Choco Drop, it makes perfect sense, she trickin' for the trill of it.
Comment by SEASONED $PICE PINE NEEDLE on December 16, 2008 at 11:59pm
lol @ Lady Diamond....... it's the new economy, less is more now.
Comment by Justis on December 17, 2008 at 3:36am
Without an inch of doubt that's a shrewd post. This is a transition phase and theres hope at the other side although it will get worse than this but it shall correct itself. In this era, rich shall become the new broke and the only way to survive times like this is to adjust lifestyle (cutting down on those luxuries, observing polities carefully and of course being close to God almighty).
Comment by she-who-rocks on December 17, 2008 at 12:05pm
Get rid of all credit cards and learn to live by cash. Pay you rcar asap, and your house asap. Then you will have more flexibility when it really hits. cash is king, keep cash and budget. All I can say is budget and hold to it for now. They will not tell you we have been in arecession for well over a year now. They will not tell you that we are really in the beginnings of a depression. But we are.

Comment

You need to be a member of Baller Alert.com to add comments!

Join Baller Alert.com

ADVERTISEMENT

Connect


BallerBoards

Saving yourself for marriage?

Started by Oneandonly in Talk Ish. Last reply by Bo 5 hours ago. 13 Replies

Call me crazy but even in this sex-crazed society, I've been thinking about dedicating my life to Christ (again) and become celibate until marriage. I'm so tired of guys not seeing my worth and only…Continue

Tags: marriage, saving, celibate, Celibacy

i just joined seekingarrangement.com

Started by SoLuscious in Talk Ish. Last reply by Bo 5 hours ago. 271 Replies

on the site you can select the range of money you expect every month, so i selected $3,000-$5,000 a month. but a lot of those women are seeking much more. im super nervous about what will become of…Continue

Tags: dating, website, arrangement, seeking, daddy

Mimi & Nikko Got Paid...

Started by Baller Alert in Talk Ish. Last reply by Moving In Silence 18 hours ago. 13 Replies

100k for the Scandal In Atlanta P0rn TapeContinue

Tags: nikko, mimi, bbwatl

B. Scott Loses Lawsuit Against BET

Started by Baller Alert in Talk Ish. Last reply by University of Smitty yesterday. 12 Replies

BET can dress its hosts however the hell it wants -- even if that means forcing a transgender person to dress like a man -- and that's why the judge threw out B. Scott's discrimination lawsuit.TMZ…Continue

Tags: scott, b

Latest Activity

Profile IconJacob Durham, Trigger Reed, Fred and 7 more joined Baller Alert.com
35 minutes ago
Ms. Anonymous commented on Eleven8's blog post Sage The Gemini Implies Kaylin Garcia Cheated On Him, Then Takes It Back
"@Babycheeks....everything you said!"
45 minutes ago
BabyCheeks commented on Eleven8's blog post Sage The Gemini Implies Kaylin Garcia Cheated On Him, Then Takes It Back
"Honestly, the fact that we expect men to always be tough and always show no emotion is the reason…"
1 hour ago
BabyCheeks commented on Eleven8's blog post Khloe Kardashian Looks Fed Up After French Montana Takes Her To The Hood
"@MovingInSilence I LITERALLY laughed out loud at your comment. Yeah, she's over him but she…"
1 hour ago
SEASONED $PICE PINE NEEDLE commented on Eleven8's blog post Khloe Kardashian Looks Fed Up After French Montana Takes Her To The Hood
"Khloe should stay away from musicians and ballplayers and get her a 'professional'…"
1 hour ago
Bo replied to Oneandonly's discussion Saving yourself for marriage?
"Well, I'm not having sex until I'm married. Or at least until the right baller comes…"
5 hours ago
Bo joined Baller Alert's group
Thumbnail

BABC - Baller Alert Book Club

This club will be better than Oprahs
5 hours ago
Bo updated their profile
5 hours ago
Bo liked SoLuscious's profile
5 hours ago
Bo replied to SoLuscious's discussion i just joined seekingarrangement.com
"I'm in London but yeah, it's a good site. I found my first Sugar daddy on there when I…"
5 hours ago
Brown Skin Beauty commented on Eleven8's blog post Baller Mail - Is Jasmin Jaye The Real Reason T.I. Moved Out?
"Happy I'm not the only person that don't have the understanding of being ride or die.…"
8 hours ago
Eleven8 commented on Eleven8's blog post Khloe Kardashian Looks Fed Up After French Montana Takes Her To The Hood
"LMAO look at Khloe! Just look at her! "
9 hours ago

© 2014   Created by Baller Alert.

Badges  |  Report an Issue  |  Terms of Service

Offline

Live Video