Watch Your Change

When the economy get bad, people tend to dig into their coin/change jars. Which means all the change that is usually just sitting a jar is circulated, and a lot rarer coins are used. So, watch your change, because you may find some rare and valuable coins.

I know coin collecting seems like such a dull and worthless thing to do, but there is so much history and even economic implications (like how much copper is actually put into a penny)about when a coin is made. Also, it a great way to spend sometime with your kids teaching about things like that.

I do make it a point that with collecting, it is best not too seek out coins, because it costs a lot of money, but just to watch your change and see what you get lucky finding.

Read it

I found this blog post titled Working Hard or Hardly Working. The blogger brings up some good points about working these days and what to expect.

Do not feed the excutives

Just watch.

Isn't this disturbing

California is going to stop government payments of welfare and such, because they lack the funds to do it.

http://kaiservontexas.blogspot.com/2009/01/signs-and-wonders.html

"House OKs rescue for homeowners, Freddie, Fannie"

Today the house passed a bill to bail out Freddie Mac and Fannie Mae with their struggling mortgages with a 272 to 152 vote. They said that

"The bill would let the Federal Housing Administration back $300 billion in new loans so an estimated 400,000 homeowners who cannot afford their house payments could try to escape foreclosure by refinancing into safer, more affordable mortgages. Lenders would have to agree to take a substantial loss on the existing loans, and in return, they would walk away with at least some payoff and avoid the often-costly foreclosure process."

No one bothers to mention that financial companies need to stop lending to everyone they meet. It is not a smart business decision. This why there are problems right now. If someone is 100k+ in debt, they probably should not get more loans or more credit cards. However, they don't bother to cut them off. I know Freddie and Fannie are mortgages companies. But same idea applies. No second mortgages. No extra loans

I am not sure how long the link will last. However, I know this issue is not going away that easily.