We are doomed!

I am freaked out enough these days.

I go into to deposit my portion of the TFT in the bank.  I mean I walk into the actual back to deposit the check rather than use the ATM machine because I am afraid the ATM machine will screw up, I guess.  I really don’t know what I am doing since I haven’t deposited stuff in a long time, and as I start to walk away, the person at the counter says you want your receipt, don’t you.  Why of course I say, pretending just to have forgotten sort of absent mindedly.

And then still trying to operate in the adult mode, I go over to the other side of the bank where the so-called “financial advisors” all sit behind their desks.  I have learned through my dealings with the Tingle Family Trust that there are these things called CD’s and that they fetch more interest than just leaving your money sitting there in a checking account.  By God! I am for the first time in my life actually “investing” some money, I guess.

This guy waves me over to his desk and I tell him what I have got and was thinking about CD’s and he says that’s a good idea though maybe—and he is sort of mumbling—it would be better to buy some Euros.  And I sort of go what, and he says Euros or Yen, and then he says or maybe some Gold.  I know enough to know that when people start talking about buying Gold they are preparing for the end of the world as we know it.

So I say, things don’t look so hot, huh.

And the guy says, “We are doomed.”

Jesus!  I just wanted to ask a couple of questions about CD’s and rather than trying to sell me on CD’s, as he should be doing, the guy says, “We are doomed,” because he says the housing market is in a free fall and there is no end in the sight.  Last year, he says, at this time, there were exactly 70 properties on the real estate market in the general Santa Barbara area; this year there are 900 and nobody is buying.  So things don’t look so hot, I say.

And the guy says, “We are doomed.”

I ask does the bank sell euros and he says they certainly do and he gives me a card with a number on it to call, as he hands me some info he has printed out on something called a CD ladder.

So I leave the bank all upset because “We are doomed,” and am befuddled too because I have never really understand the idea of using money to buy money and what would I do with the money that I bought if I bought it.  I mean would I keep it in my house or something, or would I just own it on paper.  But any way I cut it, it doesn’t sound good because buying Euros would mean I believe that the dollar will soon go down the toilet, money-wise.