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Money

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You can't have one without the other. WYou can't have one without the other. Well, let me take that back. You can have more money added to your paycheck without any recognition; and lets all agree that is a nice compensation for a job well done. However, when all you get is "recognition" that isn't followed by a nice monetary bonus, then what you really have is a fancy title, more responsibility, most likely more hours, and the same income.

With today's economy on the brink of collapse, (mind you it's already being called the "Very Great Depression") money is what matters most to most families. With the prices of food, gasoline, utilities at all time highs, isn't it logical that our wages should increase as well? But that isn't happening. In fact, there are more layoffs happening worldwide, just look at The Times, they've just announced that 100 jobs are going to be cut from their news room. (See link below) This is only the tip a very big Iceberg.

Trying to stave this off temporarily, via the Federal Reserves' bungling ways, i.e.: cutting interest rates again and again, driving us deeper and deeper into debt has only compounded the problem. And it looks like they may be at it yet again from what Bloomberg reported this week, "The dollar had its biggest weekly loss this year against the euro after Federal Reserve Chairman Ben S. Bernanke signaled he may cut interest rates further amid mounting concern that the economy is headed for a recession." (See link below) Frankly, we aren't headed for a recession but are firmly entrenched in one already.

The effects of this are already being felt in the real estate market. Some people have had to abandon their homes because they can't make the payments of their ballooning mortgages. Why can't they make their payments one may ask? Although complex, the answer lies in the fact that they expected their incomes to rise, not stay the same, or worse yet, they've lost their income all together because their employers can't stay afloat in this turbulent market. (See link below) Also in this complex situation we have banks that gave out loans to people they knew couldn't afford it in the long term. These people already had bad credit and shaky financial futures, but they were sold on the idea that every American should be able to own their own home and that property holds its value. Both of these ideas were misleading and dangerous to our economy.

In January an article in the Telegraph.co.uk stated that the US

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