Saturday, September 5, 2009

Stocking it in some ones pocket

InMyDay the stock market was a little known commodity, it did not generally affect my life.
It had no control over me, my life style nor my future.
Somewhere in past time, this slowly and gradually changed my life and all those who sail within this ship called Earth for ever.

I first started to notice this entity during work, we were getting Managers who were being trained, guided or controlled by the powers above to start mentioning, pointing out and even blaming the now important fact that all facets of our work life was to be measured by the affect on our Stock Market price.

This was often detrimental to our way of doing business the Old Fashioned Way, with customer service, advice, help, going that little bit further to win the sale, now being weighed up against the cost of doing business and its effects on Stock Prices.
It affected our budgets, our expenses, our perks.
Our life style was being eroded.

Then the big one the first major effect it has caused that has really had it final blow on the people from the era of InMyDay

When we first started work eons ago, there was no such thing as everyone having Superannuation, that only was enforced on us in a more recent past.
I say that as, it is a good thing, it helped us to think of our retirement, plan for our future, and panic about what we were about to lose from the Government, that once again was going to be eroded from our perks we worked so long to gain.

I remember being told that this Super was going to be safe, only investing in SAFE things like Government Bonds, Bank Stuff etc, Very Safe.

Then this stock market thing raised its ugly head, greed engulfed the Super Conglomerates who fought and vied for this huge growing mass of money.

We as the masses had no idea nor really cared if we made 4% or 14% interest on our money, it was just there waiting for us to end our work life and see how fast it can be gobbled up.

I am not sure what happened at this point, it is only conjecture on my part, but I feel that at this point, and I hope that we had Government Legislation protecting our money, limiting the investment of this money to SAFE investments as was discussed in the beginning. That somewhere, a group or larger of the Super Congloms went to the government and sort change, they wanted to make more money by putting the money in the Stock Market.
Again not sure of its history just conjecture, that the rules were changed and permission was given by the government and our money started to make us more and more money.
Of course the Super Congloms did to.

Then the first of the big crashes and the house of cards tumbled, it was now safe to assume that if you had $30 thousand you had now $15 thousand.
It seems we all lost about half.

Not really real bad for those who just got in and have a lifetime to go to get out.

A little different for us older ones who lost a lot and don't have long to go.

Once again the Stock Market hits me between the eyes.

NOW we have a further GLOBAL meltdown fuelled by the Stock Market and Greed by Banks, while we wait to see how all of this will affect the half of our Super we have left.

I have often thought, if we could get enough of us together, and take it to the Government who was in control of these decisions that have severely affected our futures by allowing greed to slip through.
Are they liable for this and would a court action by a very large group bring us some resolution?

The Stock Market now affects every single thing that occurs on this Planet unlike InMyDay

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