Tag Archives: debt

Neither a Borrower Nor a Lender Be

castaway

Gilligan presents Shakespeare’s Hamlet

So the great collective “we”, the ole U.S. of A. got downgraded by Standard & Poors to a AA+ from a triple A+. Big surprise? Nah not really. We all know why, don’t we. It was them, the other guy, those people over there on the other side of the street, the city, country. Not any one of us individually, oh nooo.

The news is freaking and shrieking about it, of course. In my opinion, this whole pickle we’re in has been decades in the making. I’ve only been on this planet for 56 years and I see drastic changes. It used to be embarrassing to be in debt, now it’s a status symbol.

There is “good debt” and “bad debt”. People brag about getting a 400 thousand dollar mortgage for a house. Then run out and buy furniture on credit to put in their showplace. Until recently it was shamefully easy to get a credit card. All you had to do was stagger to the mailbox and there they were. Pre-approved, charge till you drop. Run out of room on your credit card? Here transfer the balance to a new card and keep on truckin.

Decades ago, a young couple starting out in life got a little love shack. All they needed was each other, and a few orange crates to put their books in. They built a life together. Couples today are “entitled” to pre-engagement showers, shopping sprees, bridal showers,  and even take up a collection to fund the honey-moon. It’s not uncommon for the new couple to provide you with a list to inform you not only what to provide them but where to buy it.  Then the babies come, and another list is issued. Babies start out life today with more possessions than I had when I left home for the first time.

Of course an absolute necessity for everyone starting out is a TV. The bigger the better. Our TV is so big that I could sit 2 houses over and see it just fine. It’s paid for now, but it wasn’t when we first got it. A typical new TV should be  enthroned front and center in a mortgaged living room on a fine entertainment shelf purchased on credit. Out of this babble box comes our daily indoctrination. The never-ending advertisements, infomercials, fabricated needs dressed up in a sexy wrapper and touted as must have for any self-respecting consumer.

Why buy 1 item when you can buy 2 at twice the price, plus shipping? Buy this drug. If you don’t know what it’s for, so what? Ask you doctor. Already have this DVD or Blue Ray? Not a problem, now there is the new expanded, collectors edition with 11 seconds of extra footage. You must have it. Hang your head in shame if you don’t. Get a loan. Running out of space for all the stuff you purchased? Buy more furniture to store it in. If that doesn’t work, buy a new house!

Don’t like the way your nose looks? Get a “self improvement” medical loan and have surgery to fix it. Or even better go on a medical holiday to Costa Rica or other destinations and turn it into a spa week. Did your belly get to big to fit in the jeans you have. Pay a hundred dollars for a new pair that have magic panels in them to squish your tummy in. Loose weight? Nah, that is for peasants. I can afford all the food I want. If you don’t believe me check out my bursting seams!

I probably sound a little or a lot cynical. I feel like that drunk abducted by aliens who was saying “I been telling ya for 10 damn years they are coming back.”  Do you believe in Global Warming? Well forget about it. I think we’re going to run out of room to store all our stuff long before we find out whether or not Global warming is real or not.

What if all the creditors in all the world decided to repossess all the stuff purchased on credit. We would need to lease out Siberia to store it all. Can you imagine a foreclosure/garage sale on a planetary scale. That’s when we would find out if we are really alone in the universe because the extraterrestrials would come to the sale. Who can’t pass up a bargain or an opportunity to buy more stuff?

Am I Afraid of the Mean Green?

Doing a lot of thinking lately about the nature of reality and creating your own reality, etc. It got me thinking about the concept of cash money, cash in hand to spend on whatever adventure comes to mind. What does it look like. If I try to visualize all I can picture is $10,000. Why is this I wondered. Ah ha! I know why.

Way back when in the land before Credit Cards (in my universe) I used to travel with cash and travelers checks. $10,000 was the amount I usually considered a starting place for a journey. Why that amount? Because it used to say on forms to enter a country, usually the U.S. that you have to declare anything over that number. Whose business is it how much mad money I’m carrying anyway?

Why was I so terrified of having cash on me? Part of it was a fear that my cash could be labeled “possible ill gotten gains” and confiscated. Am I a tax evader or a drug dealer? Nope. But I just don’t fit into the usual boxes and that scares me. Maybe it’s not so bad now that I’m older, but a young women traveling alone with cash is automatically suspect of being a drug mule. I know this from personal experience. I have had my luggage spread out all over customs tables more times than I care to say because of this unfounded suspicion.

Could I simply be a woman of my own means who chooses to travel? Nooo, not in the reality of the soldiers in the war on drugs and money. I must be some stupid filly hauling someone else’s illegal articles or substances around the planet. Else wise, why I am traveling unsupervised? Yes, I have actually been asked this exact question. And the ever popular, “what does your husband have to say about you traveling alone?” Asked before even finding out if I was married.

Courtesy: Vasiliy-Kova/PhotoXpress

But do I actually have a fear of money in general. Now that’s a disturbing thought. I found an article on CNN entitled Are Girls Afraid of Money?  Disturbing reading to a woman who links of herself as all enlightened and liberated. Maybe not as much as I think I am.

Back to the visualizing cash. I have to wonder if using credit cards and other alternate less tangible forms of payment sometimes prevents us from visualizing abundance. Money out there in the electronic ether doesn’t seem real to most people I talk to. It’s all numbers and it seems natural to them. Their pay is directly deposited into a bank, payments made on-line or directly by their employer. Then these numbers get all jumbled around. “I have a 3 bazillion dollar mortgage, 80 zillion in credit card debt, and I need a bigger house to put all my junk in.” Are they surrounded themselves with possessions as a material example of having “things”? Sort like birds feathering their nest.

My mother in law constantly frets about money. She has enough for the next 5 lifetimes. However, she never actually saw or handled it. Even in electronic form. Her dear departed husband had a tight grip on the purse strings. He doled her out an allowance for household expenses via a check written to deposit in “her” account. But he sometimes went through her checkbook line by line questioning her purchases as if she were an irresponsible child. No wonder the fear of spending or not having enough money terrifies her. She has no tangible concept of it really belonging to her.

I’m tempted to tell Mr. Husband to work a deal with the bank to make a 3 hour withdrawal of some mind-boggling, eye-popping amount of cash. Then bring it to his mother’s house and plop it down on her coffee table and say “here ya go, Mother. Can you spend this is you lifetime? Don’t think so? OK, well now that you’ve seen it, I’ll put it back  in the bank cuz it is not gonna fit in your mattress.”  Hey, I want to see it too, so I can picture it in my brain.

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