Monday, September 15, 2008

Monday Mimisms ~ Whatever You Do, Don't Panic


We interrupt our regularly scheduled program to bring you a public service announcement from Bloggingham Palace. Based on today's stock plummeting fiasco and the two financial superpowers, Merrill Lynch and Lehman Brothers going belly-up, I've decided to take a few hours this afternoon and do what my dear grandfather used to do with his money.

He was born in 1914. It only took him fifteen years from the day he was born to see the big picture. During his lifetime he witnessed the 1929 crash at the New York Stock Exchange, lived through the Great Depression, and somehow managed to have money in his pocket at all times. He worked in a furniture plant for over 30 years - not exactly what most people could afford when they couldn't feed their children. I'm about to tell you a secret.

He didn't mess around with his money.

Or mine.
Do you see that tall man in the middle with the calm demeanor and the white hat, waiting in line with all the others to take his money out of the American Union Bank? I'm sure that's him...I'm sure of it! And how do I know?

Because all his life he kept his "real money" buried in the backyard in a huge glass peanut butter jar. I saw it. I touched it. I smelled it.
And I never thought it odd.
He knew what he was doing.








I suggest you invest in a shovel.












20 comments:

Sandee (Comedy +) said...

I think that's my grandfather right next to him. Yes, I'm sure of it. They just didn't trust financial institutions and with good reason. Loved this post...you made me think fondly of my grandparents. Big hug and lotsa lovies honey. :)

Travis said...

We live in some crazy times.

Charles Gramlich said...

A shovel would be good for a lot of things in these times.

Laura said...

I think he had the right Idea....

anything I have invested for my future is looking pretty bleak right now.....

....going to get my shovel

ciara said...

i want so much to not need banks. don't have any dirt or backyard. do you think installing a special designed hiding spot in the mattress would work? of course to stash money one has to have some. :-/

saint germain en laye said...

Finance world is very crazy... i can't believe a big company as Lehman is dead !... poor capitalism...

Lois Grebowski said...

Stocks and bonds are safe... they are in your names. You own them....The banks/brokerage houses only act as an agent and hold them for you... YOU are the owner of the stocks and bonds.

Just an FYI...Hope this makes you feel a little bit better.

Lois Grebowski said...

Stocks and bonds are safe... they are in your names. You own them....The banks/brokerage houses only act as an agent and hold them for you... YOU are the owner of the stocks and bonds.

Just an FYI...Hope this makes you feel a little bit better.

Deana said...

I told my hubby I would consider burying our cash in the backyard if I thought the American dollar would hold any value whatsoever. And of course I realize that pulling your investments out throws us into a serious depression.

Shannon H. said...

I know a few people that bury their cash. Best way to keep it safe in my opinion.

Akelamalu said...

That's a good idea Mimi!

Pearl said...

HA! They laughed at me when I mentioned my plan to bury my wealth (such as it is) in the backyard. Who knew I was following in the footsteps of great and wise men world over?

Lovely blog, Mimi. I'm adding you to favorites!

Pearl

Tammy said...

I like your idea about the bottle and shovel! That's funny! :o)

Bond said...

Can we use the shovel to hit some of the idjits who caused this mess?

Line up to the RIGHT!

bundle-o-contradictions said...

Very wise.

Mimi Lenox said...

Sandee - They were wise men for sure.

Travis - You can say that again

Charles- Ha! That so true.

Laura - Good idea!

Ciara - Yes, Ciara, the mattress. Hey! Now we know where your stash is....

Saint Germain - It was a shocker.

Mimi Lenox said...

Lois - Thanks for the tip!

Deana - Sounds like a plan to me.

Shannon - Seems we are going backwards in time...

Aklemalu - And the interest isn't much better than a bank's. Just dirtier money.

Pearl - Thank you so much for adding me to your favorites. I will come visit you - you ARE a wise woman...you were surely ahead of your time.

Tammy - Funny in a weird way though...

Bond - That's a whole different story.

Autumn - Try not to let the worms and grubs get to your cash though.

Bud Weiser, WTIT said...

A wise and true belief. Thanks for sharing it!

Ferd said...

I could never do what your grandfather did, because I'm allergic to peanuts! It sucks to be me!

A lot of people who lived through the Great Depression would forever after distrust banks. They buried their money, hid it in mattresses, and managed to do without compounded interest. I don't see it quite the same way. I see this as a buying opportunity.

Mimi Lenox said...

Bud - As you know, he was a wise man.

Ferd - You are allergic to peanuts? That's awful. I love peanut butter. Yum yum.
You're probably right about the buying opportunity.

Meanwhile, I'll dig a hole with my prissy little shovel (and matching gardening gloves)

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