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My attempts to channel what's playing on the many stations of my mind

Posts Tagged ‘Money’

You’re so Money and you dont even KNOW it!!

Posted by and1grad on July 13, 2009

Been a while since I blogged anything. Twitter is a helluva drug, huh huh.

But on a serious note. I’ve been wondering lately about the value of money. Specifically, the value of the American Dollar. I’m not an authority on the issues of the economy or market value or anything similar, but I believe the common opinion is that the Dollar is not worth much. Of course, as someone not commonly engaged in money matters, I dont see this much and never believed it had that much impact on our everyday lives. Until recently. I’ve long complained that we throw WAY too much money at our athletes and entertainers. Recently I heard that Simon Cowell was to earn, or is being offered, something around $100M to continue his role in American Idol. I found this to be somewhat OUTRAGEOUS but lets face it, he matters more than anyone else on that show and it does BOX OFFICE money. (Make no mistake, the talent of Idol is signed to Cowell’s label so really he’s just fisting the nation but whatever…)Today even, Seacrest got offered something like 15M a year and I’m not entirely sure his role is important at all. Why are we throwing so many dollars at all these people? Does it have to do with the value of the dollar?

If you have too much of anything around, it eventually becomes worthless. I cant help but wonder if our current economic situation will somehow put more of a premium on the value of the dollar, since most of us wont have very much of it.

EDIT: I should add…in terms of CA, there is a LOT of commentary on why our state is in so much financial turmoil. You’ll hear a lot of people blaming certain things, mostly the Governor. I’ve tried to stay somewhat plugged in on what goes on in terms of the state budget, as it affects me as well, and I have to say that it doesnt look like the Governor’s fault. It looks a LOT like our Congresspeople deciding to add services w/o offering a way of pay for them. The fact of the matter is, services that serve the public interest cost money and although people dont like to be taxed, THATS where more than half of CA’s general fund comes from. Nothing is free. Californians have forgotten that. The budget was a problem BEFORE the housing crash. Now its a nightmare that I’m almost positive will cost a lot more jobs and services. People are still a little in denial about the amount of trouble this state is in. That fallacy is currently being, and will continue to be, HARSHLY “terminated” into the foreseeable future.


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