Prozac Rant, Note to readers: My opinion piece "Escaping the American Credit Nightmare" appears in the Sunday (Oct. 12, 2008) edition of the Miami Herald, in the "My View" column of the business section. Here's my original piece below -- Barbara Drake:
One of the pleasures of moving to Peru last July (2007) was escaping the flurry of credit offers that used to besiege our mailbox in Florida.
Each afternoon I'd grab the stack of new mail and spend a good 15 minutes going through the envelopes. There'd be offers for new credit cards, lines of credit, adjustable-rate mortgages on our home, Prozac Rant craiglist, home-equity lines of credit, cash-out refinances.
I had never asked for any of the lenders to send me the offers; they arrived unsolicited, in droves, Prozac Rant. Sometimes the offers were very tempting. Once our mortgage company, the illustrious IndyMac, sent an overnight mail packet offering to loan us more than double the value of our home. The letter in the packet urged me and El Fotografo to take advantage of this "special offer" and to "reap the rewards of responsible home ownership."
The loan sum being dangled in front of us made my eyes swim. Prozac Rant us, I gulped and shoved the letter and envelope into the shredding machine I kept by the front door. Prozac Rant, Each month there were more and more come-ons.
By 2005 I was getting seven to ten mortgage refi offers per week. I spent so much time shredding, I began to resent it. I didn't have a choice, though; the companies' letters contained sensitive information that I didn't want anyone else to read.
Ripping up credit offers became a part-time (unpaid) job. And all over the United States, millions of people were doing the same thing: ripping up offers or falling for them, Prozac Rant.
It became an achievement NOT to take on more debt.
The TV began to feature lots of strange ads in the years 2004, Prozac Rant paypal, 2005, 2006. The DiTech people were screaming for people to refinance now; sometimes I wondered if there weren't subliminal messages in the ads, commanding viewers, "Go into debt now, Go into debt now."
I also began to see a lot of ads for sleeping aids during this time. Ads with butterflies and drowsy music and assurances that this pill or another would send you into a dreamless sleep. Prozac Rant, I had never seen so many ads for sleeping pills before -- not in the 1970s, '80s or '90s. Prozac Rant uk, People in America couldn't sleep, apparently. The nation was very troubled. And the dual panaceas -- extended credit and sleeping aids -- weren't enough to keep the nightmares at bay.
Flash forward to 2007 when El Fotografo and I sold our house, packed our stuff on a shipping container and moved to Peru.
My friends and family didn't get it, Prozac Rant. Why Peru. they asked.
The war, Prozac Rant mexico, the economy, I said, and they still looked puzzled. Some friends pitied us. Prozac Rant, We were moving to a Third World Country without jobs, to a place where people didn't speak English -- was this really what we wanted.
I wasn't sure when we arrived in July 2007. But my immediate sensation was one of relief.
It felt good to be in a country that wasn't at war. It felt good to be in a country that wasn't pretending it wasn't at war. It took moving to Peru for me to realize how heavily the bloodshed in Iraq and Afganistan hangs over one's psyche as an American. 150mg Prozac Rant, Soon after, we rented a house and started receiving mail in Peru. It was a trickle compared to what we typically received in the United States, Prozac Rant.
The second realization hit me: No more credit offers!
My days of shredding envelopes from Capital One, Citi, AmeriTech and other greedy lenders are over. It is a great feeling to be free of that American imperative to Spend, Spend, Spend, Go into Debt, Prozac Rant japan, Go into Debt, Go into Debt.
Now that the American economy is unravelling and the mortage/credit fiasco is taking other world economies along with it, I am angry and disgusted with the financiers who engineered this mess.
Some people blame ordinary Americans for taking on too much debt and not controlling their spending. Prozac Rant, I won't blame the victims. The predatory lending spree took place in an enviroment with no oversight and little consumer protection. The offers were shoved down people's throats, Prozac Rant overseas, and while some people did take out too much credit in order to finance luxuries, there were plenty of people who used their new credit lines simply to pay the bills, buy gas and put groceries on the table.
When 9/11 hit, George Bush told the nation to go out to the malls and spend, the prop up the economy. Americans did as they were told, and then were told to keeping spending, more and more, 40mg Prozac Rant.
Now that I'm in Peru and my ears are no longer ringing with the "Spend" mantra, I can better understand the unfairness of that dynamic, Prozac Rant.
I am thankful that we left the United States when we did. And I hope that Americans will be kind to one another and resist the urge to blame the homeowners who are going under. There, but for the grace of god, go I.
What should be done. I agree with economist Nouriel Roubini that the U.S. needs to create a federal home-owner's mortgage program Prozac Rant, to provide massive debt relief to the household section. The US government did this during the Great Depression. 750mg Prozac Rant, My gut tells me this Depression will be worse.
I also believe that emerging economies like Peru should view the US crisis as a wake-up call. People in Peru don't need high-interest credit cards. They need jobs, healthcare and security.
Without those basics, in 10 years they could find themselves in their own credit nightmare.
Similar posts: Can Puppies Take Flagyl. Erythromycin Or Azithromycin. Effectiveness Of Zithromax. 10mg Cipro Hc Otic Prices. 1000mg What Does Colchicine Do For Gout. 500mg Cipro Warnings.
Trackbacks from: Prozac Rant. Prozac Rant. Prozac Rant. 10mg Prozac Rant. Prozac Rant mexico. 500mg Prozac Rant.