Anyone who knows me will attest to the fact that I am not a financial wizard … my background is more about technology and sales, although running a company for twelve years has given me some appreciation for positive, rather than negative numbers!
The latest press suggests that the US government is ready to inject $700 Billion (that is with a “B” … as in LOTS of zeros) of the taxpayer’s money into its ailing financial systems. The fallout from a failed US economy is going to have definite repercussions around the World so I can see the reasoning.
The interesting thing to me is that the US taxpayer will in effect become the owners of these institutions, which once back on their feet could then be sold … presumably at a profit. Of course the US would have to OK who bought them, I’m pretty sure there are interested parties that the US would not want to scoop up a major US financial institution.
Having said that, this could be a great opportunity for the US taxpayers to scoop a win. Wouldn’t it be nice if the US Government actually gave real dollars to people … in their retirement plans maybe! I wonder if they will let individual investors buy in at their rates … that could be cool!
It is an interesting World … a landscape that changes almost daily and if you want to stay relevant, you need to know what is going on.
What do you do to stay current with world events? How do you disseminate the incredible amount of information that comes at you every day? Do you try to focus on the relevant items, try to read everything … or do you ignore it and hope that someone else will tell you anything that is relevant to you?
Think about it … we have an election coming up in Canada. Do you know what the issues are? Will you vote for the party you always voted for, will you vote based upon your understanding of the issues … or will you stay home and let other people decide who will run your country?
If you work in the technology space do you know what is happening in your world … because it changes as fast as any!
Of course if you are reading this blog, then you have already established that (a) you are someone who reads “stuff” or (b) you know me and are taking pity. Either way you are not typical, but there are a lot of people (even well educated people) who never read … that is a shame.