Money! Money! Money! Essay

1176 words - 5 pages

Money! Money! Money! America loves making money, spending money; however, what Americans including myself do not want to hear is that our country is struggling to make currency. In some way, somehow your everyday life is impacted due to a major issue you are dealing with. The issue that affected me greatly in the past and is still contemporarily affecting me is definitely the unfortunate recession our economy is facing which caused havoc in my family, and almost permanently damaged my hopes in getting somewhere with my education. Unemployment rates are at the absolute lowest, oil pricing is jaw dropping; businesses are losing massive amounts of money on a day to day basis. The economy is causing complete pandemonium and affected the lives of my family and me greatly. According to President Barack Obama who claims to help us progress and get out of this economic slump “Money is not the only answer but it makes a difference.” For the most part I agree with President Obama’s statement, however, for my family and I money was crucial due to the recession and the unemployment rates dropping at record numbers.
Money is essential and very necessary in my household. For the most part both of my parents never had any complications handling their bills, and house payments since I can remember. However, around January of 2008 both of my hardworking parents employed in management positions were struggling to pay the monthly mortgage due to a sudden loss of hours from their workplace. Everyday more and more Americans were getting terminated from their jobs. It almost seemed as if though our country was greatly slipping and the ability for middle class Americans to progress financially was very weak. Ross Perot once said “A weak currency is the sign of weak economy, and a weak economy leads to a weak nation”. The horrid news scared my parents and I greatly and really had us hoping we did not become part of this catastrophe. With unemployment rates reaching double digits at 10.2% the lowest it has been in 16 years, we were afraid it was only a matter of time.
Sure enough my dad ended up getting laid off after five hard years of dedicated work. It was no shock to us, it was foreseeable. For a span of 5 months or so we resorted to using our credit carded for nearly everything. Money unavailability caused constant arguments between us all and almost led to a split between my parents. We were forgetting about a matter way more important to us than money itself, that being of course our family values. “Focusing your life solely on making a buck shows a poverty of ambition, it asks too little of yourself, and it will leave you unfulfilled” (Obama). It struck me at that point; the recession would ultimately tear my family apart. After serious reconsideration from his previous employer (Sam’s Club) my dad was offered his position back after being told it was a mistake on their part. My father offended in a way had no choice but to accept the offer, he couldn’t...

Find Another Essay On Money! Money! Money!

It's All About the Money, Money, Money

674 words - 3 pages spending them on useless trinkets. Do celebrities really deserve all of their money? My response is no. First of all, most celebrities aren’t good role models. They can “mind control” kids with a wave of their hands! For instance, imagine a world with little, innocent kids copying Ke$ha’s and Justin Beiber’s every move. Celebrities can have all kinds of bad influencing on children, teens, and even adults! Imagine those once innocent kids using foul

Money Laundering Essay

2504 words - 10 pages What is Money Laundering? Money laundering is when funds from criminal activity are converted into “clean money” and cannot be traced back to the criminal activity. The goal is to conceal the criminal activity and the criminals involved. One of the main reasons people commit criminal acts is to make money off of it. Money laundering allows criminals to enjoy these illegal proceeds without law enforcement noticing. Money laundering can be used

Money Today

821 words - 4 pages A recent study from Harvard University claims that money plays an important part in people’s level of happiness. However, the study also found that excess money could create stress and distress. Many people believe that having money is everything and that without money they cannot have the life they truly want. While there are others that insist that money does not buy happiness and raise the question: how much money do we really need? The

Borrowing Money

619 words - 2 pages Essay March 19, 2014When one borrows money from another, trouble can often find its way to either the lender or the borrower. It can never be in one's best interest to borrow money from someone because it might end up in a catastrophe. Money has been something the human race has been fascinated by for years, and wars have been fought for this pointless reason. People borrow from others because money can either aid a person in their existence or

Money Laundering

1196 words - 5 pages According to the U.S. Department of Justice, money laundering is the process by which one conceals the existence, illegal source, or illegal application of income and then disguises that income to make it appear legitimate. Money laundering involves a three step process which includes placement, layering and integration (Albrecht et al, 2009). Placement is the first step and it includes the launderer opening up an account at a bank or some

Money Demand

4889 words - 20 pages Macro Notes 3: Money Demand 3.1 Demand for Money The notion of a demand for money may strike you at first glance as bizarre. Don't you just want as much as you can get? Or isn't money what you use when you demand other goods? Here is where we have to remember that money is a stock not a flow, and that income and wealth are not money. Demand for money is a question of how much of your wealth you wish to hold in the form of money at any point in

Money Demand

4403 words - 18 pages Macro Notes 3: Money Demand 3.1 Demand for Money The notion of a demand for money may strike you at first glance as bizarre. Don't you just want as much as you can get? Or isn't money what you use when you demand other goods? Here is where we have to remember that money is a stock not a flow, and that income and wealth are not money. Demand for money is a question of how much of your wealth you wish to hold in the form of money at any point in

Money Laundering

3732 words - 15 pages Money Laundering In a recent movie Mickey Blue Eyes, there is a comical scene in which an unknown artist’s painting is sold to a buyer for $50,000. It seems as though a restaurant owner owed the mafia a large sum of money and he paid them by bidding an absurd amount of money for a horrid painting. The movie made this scene seem quite innocent and funny (See Appendix 1 for more examples). Unfortunately money laundering is a serious crime

Money Matters

1455 words - 6 pages "All we have to do is kill him, take the diamond and money, then leave." Gaspard Caderousse looks at his wife with a gleam in his eye. The rogue thinks about what would happen if he lets his wife do the arduous task of killing the jeweler. He already had seen the jeweler's two pistols. She would rush in to the jeweler's room and stab the jeweler; the jeweler would shoot and kill her. All Caderousse would have to do is go upstairs

Money Laundering

1937 words - 8 pages Money Laundering in the New Age of Virtual Currency Introduction “Money laundering is the process by which one conceals the existence of illegal source, or illegal application of income, and then disguises income to make it appear legitimate”. By the 1970’s, criminal organizations and more specifically, the drug trade began to make profits that attracted the attention of Congress. In 1999, it was estimated that drug trafficking alone produced

Money Curropts

707 words - 3 pages I feel that the checks and balances not sufficient enough to keep the power elites, of this great country under strict regulation. The elite of America have been here since the start. Since the establishment of the United States in 1776 those who have the money, have the power. George Washington was one of the largest landowners of his time. This theme stays true all the way to George Bush who had ties into the oil and natural resource business

Similar Essays

Money Essay

854 words - 3 pages kiddingly.'Ya sure, like that will ever happen.'The next day Herb's son Mark comes home from school with a black eye.'Son what happened?' Herb frantically exclaimed!'I got the snot beat out of me because we don't have much money and they don't like the clothes I wear. Oh, and theyalso said you were a bum.''Don't you go listening to them son they don't know what there talking about. I'll phone the school and get thisstraightened out.'Suddenly Suzy

Money Essay

2391 words - 10 pages MengerPhyllis MengerDr. Mary KaiserEnglish 10227 October 2014All About MoneyThe recurring theme that runs throughout A Doll House is the money, and how it shapes people's lives. A Doll House was written by Henrik Ibsen in 1879. It is a three-act play set in the Helmer's middle class living room during a Victorian Christmas in Norway. The plot involves Nora, the main character, being treated like a doll by her husband Torvald. She takes a loan

Money Essay

773 words - 3 pages Today, no matter what you do, you need money to do it. Right? Right! Shop. Travel. Make a phone call. You even need to spend money in order to make money. Money is real. People seem to be under the assumption that information wants to be free and that by enabling people to learn and follow their own interests will benefit society as a whole. Well, we no longer believe in society as a whole. We believe in the economy as a whole - a black hole

Money Money Money Essay

536 words - 2 pages Money Money Money Money            When you listen to a C.D. or a song on the radio, do you actually listen to it? If you do you would probably have to agree that each song has a different and unique meaning. Money is one common topic most songs are about. Their either about the good, bad, or the lifestyles of people with or with out money. Different music artists have their own idea of what