Here we go again

Its October 25th, 2008. In Southwest Virginia the average gallon of gas will run around $2.50. Not bad considering where it was only a month ago. However, lets look for these gas prices to change once again. For those who dont know, OPEC pretty much controls the production of oil throughout the world. OPEC is primarily controlled my Islamic lunatics who want to rule the world in my opinion. I think its funny that the one country who used the most oil doesnt even have a "seat at the table." Thats right, the U.S. doesnt have a say in what OPEC does. Its primarily run by people from countries such as Saudi Arabia, Iraq, Iran, and even the ridiculous country of Venezuala. The same countries that pretty much hate America are the ones who are controlling the production throughout the middle east.

To get back to my point, OPEC decided this week to cut production of 1.5 million barrells of oil per day. They said this was to help with costs since the price of gasoline has dropped so drasctically in one month. Im sorry, they might have only profited 1 billion last month instead of 2. How awful for them. I will not be surprised if we see in the next few weeks that OPEC decides to cut productio even more. Since they announced that they were lowering production the price of gas has still gone down. That has to be a big slap in the face of the powers to be at OPEC.

I think that the leaders of OPEC need to get serious and realize what they are doing. We all know they hate America but what other country doesnt. We are the most hated country in the world, of course I think its just pure jealousy. Anyways, you may want to fill up your car now because it looks like this might the be the best price for gas in a while. OPEC will make sure of that. I just wonder what would happen if we could get an American on the OPEC board to give our opinion. Oh wait, Im sure we probably do. Its probably some nut from the Trilateral Commission who wants to rule the world for himself. I'll leave that story for another day.

This is ridiculous

Considering the world that we live in, I find it harder and harder for things to shock me. However, what I saw on the 700 club just totally frustrated me. I know that it would be foolish to believe that everyone thinks the same way I do and has the same morals that I do but when you see things that just go beyond the boundaries of normalcy then something needs to be said. The story begins of course in San Francisco. Where else could things like this happen. Anyways, an elementary school teacher, who just so happens to be gay, took her class to her own wedding. She told her students that the reason she wanted them to come was to show them that gay marriage was something that should be acceptable. Now, what is getting to me the most is that the childrens parents said nothing about this. As far as I know only one parent would not allow there child to attend this disgusting act. There is such a double standard in our school system these days. We can talk all we want about homosexuality and evolution and all other kinds of ridiculous things but anything that has to do with Christianity is considered wrong. I may have to stop before I start ranting and raving again. I think my IQ drops every time I have to watch something like this or read about these things.

Not to get ahead of myself

This will be short and quick. What in the world is going on with the UVA football team. We get beat to death by Puke sorry I mean Duke, next we absolutely demolish Maryland 31-0 and now we are beating East Carolina at halftime 28-6. This game isnt over yet but goodness gracious. Of course, next week is the key game of the season. The one game I want to win more than any other. Yes Pastor Neal, its the North Carolina game. This game is even bigger than the VT(VThug) game. Lets go watch the second half and see what happens.

Dont be afraid

One final thought. Dont be afraid to keep investing your money. I by no means am an Investment Counselor but this is not the time to hide your money in shoe boxes or under the bed. The market is prime time to buy. Just do your research first. Also, the FDIC is a good thing. The way an account is titled is key in finding the loopholes set through the FDIC. I know many of us dont have enough liquid cash to worry about this but at least know your options:

1. Joint accounts

2. Individual accounts

3. Trust account/POD accounts (Payable On Death)


Remember, this is just a down time. Rules and regulations are in place so that we will have a greater chance for the economy to get back to normal. It looks bleak now but it will all work out. Also, if you are Christian and tithe your 10%(or more) then why worry. Does God not promise to take care of those who trusts in Him. I know its hard to say but its not OUR money anyways. Its all Gods money that he just lets us use.

Goodbye Wachovia

If you havent heard already, Citigroup bought out Wachovia. It wasnt exactly a complete buyout, they did however buy the banking assets and left sides of the company like Securities. Basically, all I can say is, What was Citigroup thinking? In the past six months Wachovia(or as I call them, Walkoverya) has taken a major turn for the worse. This company really made some bad executive decisions which in turn ruined the whole company which was one of the largest and most powerful banks in the world. Wachovia was at the forefront of the subprime lending market. They would also allow you to "Pick your own payment." Now, how absurd is this. I have read some of the details of these loans and payments and how in the world would anyone think this would work. I would like to think that Im a pretty bright guy. I have a college degree in business and have been around the banking industry my whole life due to the fact that my father has been doing it for almost thirty years. Now what gets me is that I could see the problems that could come of this, but how in the world could these supposed geniuses at the ELITE level of a major company come to pass some of these decisions. As you can see, this is the final result of those decisions. Wachovia has totally fallen apart in the past few months with the stock going from the mid 30's down to under a $1 as of Monday. For those of you that know stocks, the divident went down to a messly .20. That is only 5 cents per share each quarter.

All I can say now is that when you see the commercials for Walkoverya you need to turn the channel as quickly as possible. Dont fall for the high interest rates on deposit products because the company is desperate to bring in new money so they are trying to buy deposits and buy market share by giving high rates. Oh I forget, if you do fall for this you wont become a Wachovia client, even though the bank may still have the name on the building, but know that you will now be a client of Citigroup. How sad.