For the last twelve to eighteen months I have had a nagging sensation that I should make our family as self sufficient as possible. That I should work to take us off the grid as much as possible, that we should bring food animals onto our little farm, that we should jettison as much of the flotsam and jetsam of our lives as possible. I’ve never felt myself in the Chicken Little camp, but for some time I’ve just had a nagging feeling that the world may get very ugly very shortly.
Our world is wobbling. When I say our world I’m speaking collectively of the world we all share, and I’m speaking of the micro world of my family. We all know that economic times are challenging just now, but I’ve recently become aware of a trend that frankly has me very concerned.
It’s all about the banks. We have business acquaintances that’ve had their banks call in loans that are not currently due, we have ridiculously qualified clients that can’t get financing, we get nothing but smoke and mirrors from the banks we deal with. “Oh, yes, we have money to loan,” they say, but the money never materializes for these client’s loans.
They don’t have any money to loan.
They are calling in loans that aren’t due.
It is all smoke and mirrors.
As I was discussing my concerns with Hubby last night and we were game planning ways to do right by our clients and not lose our shirt he stopped in mid sentence and said, “What you are describing is a total collapse of our system, if the banking system collapses our entire financial infrastructure collapses, should we pull out some cash and keep it in the safe?”
“Maybe, yea honey, I know it’s extreme, but something’s not right.” “I’ve been dealing with five different banks, Chase, Key, First Federal, Huntington, and Level One Bank, and they all claim to have money to lend and then duck and cover when it’s time to close the loans.” “Something is not right.”
I’m not a trained economist; I’m a small business person with an absurdly qualified clientele. If these people can’t get loans to build, no one can, it’s a simple as that. If no capital is available to those who are extremely qualified whole segments of the economy cease to exist. If whole segments of the economy cease to exist the whole economic infrastructure implodes.
Images of the cold war build up between the US and the USSR keep coming to mind. We were able to outspend them and they collapsed, pretty much ran out of money and imploded. Have we outspent ourselves in our trinkets and trash gorging on material goods? Will our nation’s material gluttony cause us to collapse? Are we out of money?
I pray that what I’m seeing is short term, temporary, that capital will free up and that with a short period of bare bones operation, and a few self financing clients our little company will be well positioned to move forward when the recovery comes, but I’m concerned, I’m very concerned that we as Americans may have binged ourselves into a very deep, dark hole.
I’m logging off the internet for Lent. Off of the MSM sites, off of my favorite blogs, off all of it. I’m going to do my best to fast and pray, to call on the name of the Lord and to prepare my mind and heart for the coming of Jesus this Easter.
May God have mercy on us all.