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I got a bad feeling. Quite off topic

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Dave from MN

05-22-2008 10:59:57




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Listening to respectedable sensible economic analyst I have a feeling that things are going to get real bad real soon. I think the housing /credit/spending crisis is gonna look like an allowance withdrawel compared to what fuel and food costs are gonna be. I"m not with them anymore, but ferrel gas has eliminated the prepay program. Gas demand is gonna increase globally by leapes and bounds, our dollar is worth less and less. Our government can do little if anything to increase overseas production. Refineries supposibly are running at capacity, and we cant, or wont increase drilling options within our territories. Livestock are being sent to slaughter because of high feed prices, financial issues and the lot, which will probably cause a shortage of supply sometime in the future. Good for those that"ll have em, bad for everyone else in consumer world. College tuition is out of hand. We have a large percentage( not all of you), of young people that have been raised, "gotta have it.... NOW" style. As a society we are very short tempered, greedy, and ignorant. These traits are gonna make for very poor interaction with eachother as things get real, real tough, which I now feel is eminant. Stimulus package, PEW! Most will go to the oil companies or overseas products. Some will use it to pay off medical bills or loans, and even fewer will put it away for saving. I do not think it will boost the economy, just work it"s way back to the pockets of whomever borrowed it, and the folks that own stock in the areas I previously mentioned. I am sitting OK fiancially(so far)but I see and know so many that are really taking it to the knees. These are not folks that were foolish, they are elderly people as well. Many who fought, scraped, did with out, suffered, endured and managed to survive through really , really hard times in the previous 70 years. There are not even jobs out there for the young people that want to work according to the news. What are we gonna do. Most people these days couldnt mentally be able to deal with life like it was for the folks that are now in their 60"s.70"s,80"s and 90"s. What a fine state of our country we are looking at as we head into Memorial Day. Well, fertlizers coming gotta work it in. Later. Darn I thought venting would make me feel better.

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utupuller

05-22-2008 16:40:09




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 Re: I got a bad feeling. Quite off topic in reply to Dave from MN, 05-22-2008 10:59:57  
as far as oil -- let me ask this, I am 31 years old what was the demand in the late 70"s when the last refinery was built. Allen is right there is no shortage. We are at a refinery"s limits. Why should the permitting to build a refinery take 10 years. Someone wants to put on up in SD let him. I am assuming we have a "bit" more demand now.

As far as jobs -- in the 90"s 00"s you need to have a 4 year degree. What has that got some, no one wanting to start at entry level, I need to start in 6 figures. There is always work in the classifieds you just need to want to work. I lived in West Central Mn until yesterday, I could not find any comparable jobs in agriculture, I worked with a recruiter out of SD and today I am typing in Norteastern CO. People need to be open and try to better themselves instead of whining there is nothing I can do. If it is that bad I am sure Mcdonalds and Walmart are hiring, quite whinning and make minimum wage atleast they would be trying.

Jay

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jack-iowa

05-22-2008 13:53:29




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 Re: I got a bad feeling. Quite off topic in reply to Dave from MN, 05-22-2008 10:59:57  
well we always talk about how we are the richest country in the world. now they are seeing how rich.

never vote the same politician twice



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RodInNS

05-22-2008 20:08:26




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 Re: I got a bad feeling. Quite off topic in reply to trucker40, 05-22-2008 17:38:09  
Where do you get this stuff??
The Fed is owned by the Bank of England??? I don't think so. The Fed is an independant entity created by an act of congress, if I'm not mistaken. It's chairman is appointed by congress and I think the rest of the board member are appointed by some of your major chartered banks and possibly some by congress as well... I don't know where the Bank of England fits into that other than that the Bank of England, the Bank of Canada and a few more entities around the world are formed on the same basic principle and serve the same basic function. They manage the money supply.
I really don't understand the need for all these conspiracy theories to explain the ways of the world when it's all quite plain to see. Money, and the pursuit of money drives everything, absolutely everything today. Follow that and it's not hard to see where things are going...

Rod

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Blue3992 (N Illinois)

05-22-2008 13:19:34




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 I ain't got no worries in reply to Dave from MN, 05-22-2008 10:59:57  
Eh, I ain't got no worries.

To quote a famous country singer: "A country boy can survive."

This here US economy allows me to have a well paying job in the city pushing papers, but if push comes to shove, I'll just move back to the country and making money with my back and hands.



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tlak

05-22-2008 13:01:32




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 Re: I got a bad feeling. Quite off topic in reply to Dave from MN, 05-22-2008 10:59:57  
We're headed down hill by design, you pick; oil companies, foreigners, dumbassses in Washington, etc. There's plenty of oil, and the Fn-Chinese ain't no sponge. The Chinese are buying for future needs, but why are American companies allowed to sell our future needs? They are also renting farms around the world for future food production since they messed theirs up with pollution and bad planning. Of all things they're planting rubber trees through out China and around the world for the anticipate surge in cars. I didn't think tires were even made from rubber trees any more.

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8e3k0

05-22-2008 12:50:16




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 Re: I got a bad feeling. Quite off topic in reply to Dave from MN, 05-22-2008 10:59:57  
When we compare back to even 30 years ago; how many flat screens does the average home have today? How many Computers/ laptops; just count the clocks the average household has; is it necessary? Not really! Where one vehicle per household was fine and a 1000 square foot home was suffice for that large family, we now want 3 vehicles and at least 2000 plus square foot homes with huge mortgages, surprising what happens when when we lose that community effort and value of partnering and building. In Alberta, with its abundance of Oil and Gas, it is the land of the huge 4 wheel drive trucks (lifted suspensions) diesel (chipped) 4 door cabs with the consumption of 6 to 10 miles per gallon pending whether your going 70 or 80 miles per hour!! Where is Society going next with all this and how much can the economy stand; let alone the environment?? Average homes here are still sitting at $500,000 to 750,000 with 50 plus year mortgages that require double incomes of $300,000 plus per annum.
Actually; we went through the National Energy agreement in 1981/82 when all the Oil companies in the West stopped all drilling and exploration.
Ripple effect was foreclosures, personal and businesses going Bankrupt, housing prices drastically dropped.
We all survived and here we are again forecasting what will happen again? Just glad I have the experience of going through this once and to be flexible enough to adjust according! Ellis

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Crazy Horse

05-22-2008 14:12:28




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 Re: I got a bad feeling. Quite off topic in reply to 8e3k0, 05-22-2008 12:50:16  
Yours is one response here that makes sense. Of course you are correct, the reason for all of these problems is ourselves ... not oil companies, big business, banks, or politicians for that matter. I think we all have to look at ourselves in the mirror and get a real close look at who is causing the problems we face.



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fixerupper

05-22-2008 19:17:23




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 Re: I got a bad feeling. Quite off topic in reply to Crazy Horse, 05-22-2008 14:12:28  
I agree totaly. Jim



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Spook

05-22-2008 14:04:37




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 Re: I got a bad feeling. Quite off topic in reply to LBH, 05-22-2008 12:35:18  
I just looked up this email on scopes.com. It is not entirely true. The differences are quite a bit smaller.



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Dick L

05-22-2008 12:49:28




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 Re: I got a bad feeling. Quite off topic in reply to LBH, 05-22-2008 12:35:18  
Yup, I don't know where peoples memorys are.

Those that want to check go to Proverbs 18:21
Sure a bunch loving it.



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grb

05-22-2008 12:25:31




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 Re: I got a bad feeling. Quite off topic in reply to Dave from MN, 05-22-2008 10:59:57  
i worked in the williston basin area in the early 1980 s they were capping the wells back then, the water even taste and smells like oil



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Allan In NE

05-22-2008 12:31:42




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 Re: I got a bad feeling. Quite off topic in reply to grb, 05-22-2008 12:25:31  
Oh yeah,

Then, there's the coal. It sticks right up out of the ground across a lot of that area and over into Montana.

You don't drink water up there unless it is piped in or ya buy it in a store. Darned stuff is drenched in oil.

Allan



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rhouston

05-22-2008 12:27:59




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 Re: I got a bad feeling. Quite off topic in reply to grb, 05-22-2008 12:25:31  
Pennsylvania was paying people to cap their wells in the late 80s and early 90s.



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jdemaris

05-22-2008 12:24:06




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 Re: I got a bad feeling. Quite off topic in reply to Dave from MN, 05-22-2008 10:59:57  
I can't argue with anything you stated. Generally speaking, the general population does very little, collectively, to look ahead. Government is just a group of people FROM the general population, so why should it be any better?

I've been expecting bad times for 10 years, not 10 months. This country has done absolutely nothing to achieve any kind of energy efficiency and/or independence - and we've known for a long-long time that the current resources we use are finite.

In regard to other nations boosting production of a finite product so they will get less money for it - because other's complain? Why the heck should they?

I don't have any answers except for what I try to do for myself and family. We bought some Euro-based, FDIC insured CDs last year - but if the U.S. dollar crashes - maybe the Euro will follow? So far though, the Euros are doing very well against our dollar.
We've got zero debt - food stored, food on the hoof, 100% solar electric, a lifetime supply of firewood if we can keep it, etc. Own several properties - but if taxes keep going up - partially to subsidize the lazy who do nothing for themselves - it could get to a point where we could no longer afford to keep.

I wouldn't be surprised if things ever got real bad - we'd have our solar panels seized for the "greater good."

Scariest part of the whole deal - right now - is - our inability to protect ourselves (U.S. and Canada) if any kind of large-scale war broke out and we got cut off from oil. Our U.S. strategic reserves might run a war for a few months - if the general population was cut off. That's not what I call good long-term planning. And, just recently Bush was stopped from tyring to fill what little reserve we have.

I see very few people who have done anything to plan ahead - and I know many could if they chose to. Can anybody - on their own - do enough? That remains to be seen.

For the most part - yes, government has failed us in many ways - but many individuals have equally failed themselves.

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Allan In NE

05-22-2008 12:15:10




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 Re: I got a bad feeling. Quite off topic in reply to Dave from MN, 05-22-2008 10:59:57  
I talked to my friend up in North Dakota in the Williston Basin. They are at it up there again.

They are in the biggest boom up there yet. A converted one-bedroom basement apartment will rent for $800 a month. Oil companies are up there in mass, roughnecks everywhere and they are drilling like crazy. Rigs running all over the place (They do this up there every few years when crude hits a certain price).

This HUGE oil pool was discovered in 1951 and is reportedly the largest in the world. Easy, accessable oil.

Now, here is the good part: They are CAPPING the wells, just like they have always done up in that area and bringing sand slurry in across from Canada in the pipelines.

While at the same time, a trucker sitting at a truck stop overhead of this in-ground-oil is paying $1200 to fill his tanks with Texas refined Saudi oil.

There is no “shortage”, never was. If we would all just simply STOP buying, that crude price and everything else along with it would fall like a rock within 30 days.

Just like it did in the seventies.

But, maybe the easier way would be for us to put a hi-yeller and his baboon-bred wife in the white house. Things will be okay then. I know ‘cause he said so.

The inmates have totally taken over the asylum.

Allan

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Pete in MD

05-22-2008 18:53:50




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 Re: I got a bad feeling. Quite off topic in reply to Allan In NE, 05-22-2008 12:15:10  
"But, maybe the easier way would be for us to put a hi-yeller and his baboon-bred wife in the white house. Things will be okay then. I know ‘cause he said so."

Right on Allan!



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paul

05-22-2008 11:57:06




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 Re: I got a bad feeling. Quite off topic in reply to Dave from MN, 05-22-2008 10:59:57  
There are always silver linings, if one can see into the future well enough - certainly not perfectly, but well enough - one can set themselves up to succeed or at least survive through any of that. There are times it is good to be in debit a little, and times it is good to be free & clear - one needs to look ahead to what you see & get yourself where you need to be.

Something here in MN for you & me - they are deciding on that Big Stone II coal electric power plant. SD wants to build it, but needs the power lines into MN to be able to use up the electricity made. And Minnesota is fighting it, we can't have any more dirty coal power any more....

And so, 10 years from now, we will be the next California - rolling power outages, high & fluctuating electric costs for poor service, and a lot of folks running gaspowered, expensive, more polluting than coal, standby generators for a week at a time. And everyone who bad-mouthed the coal power plant & prevented it will wring their hands, and wonder why, and say the govt shoulda done something, & I need my electric bill paid for me because I can't afford it any more, blah blah.

This is progress.

My gripe for the day.

--->Paul

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Jack a

05-22-2008 13:18:36




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 Re: I got a bad feeling. Quite off topic in reply to paul, 05-22-2008 11:57:06  
Just a point. The rolling blackouts in CA were proven to be unnecessary and a fraud. The energy companies were caught on tape talking about punishing CA by creating blackouts, supposedly in order to get rid of the governor.



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Matt from CT

05-22-2008 12:52:46




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 Re: I got a bad feeling. Quite off topic in reply to paul, 05-22-2008 11:57:06  
Patrick Leahy was the chief sponsor of the legislation that spent billions to wire tap the new digital-based telephone network in the 1990s, and was damn proud of it.

Then he blathers like an idiot when George W. Bush actually used it.

You'll hear the same grips from the anti-corporate folks in a few years; they'll create an energy imbalance like they did in California with their misguided environmentalism, then express shock when the problem they built is exploited by someone.

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buickanddeere

05-22-2008 11:37:57




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 Re: I got a bad feeling. Quite off topic in reply to Dave from MN, 05-22-2008 10:59:57  
Well said



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Dan-IA

05-22-2008 11:35:32




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 Re: I got a bad feeling. Quite off topic in reply to Dave from MN, 05-22-2008 10:59:57  
"We have a large percentage( not all of you), of young people that have been raised, "gotta have it.... NOW" style. As a society we are very short tempered, greedy, and ignorant. These traits are gonna make for very poor interaction with eachother as things get real, real tough, which I now feel is eminant."

Yep. That's why I keep tellin' myself I need to tell the banker's daughter she needs to hit the road. But it's just sooo much nicer when I can just not call her and enjoy the silence!

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higgins

05-22-2008 11:34:42




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 Re: I got a bad feeling. Quite off topic in reply to Dave from MN, 05-22-2008 10:59:57  
Yep - we're headed downhill fast and along for the ride.
A long time ago I was reading about the inflation in Germany after the First World War. Savings were useless - you could have been setting pretty one day and the next be a pauper. Now most people don't have savings and guess where the savings of the ones that do have savings is stored? A viscious circle and getting worse.
Oil companies keep blaming the price hikes on lack of refineries (humm? Wonder who could fix that?) and restrictions on drilling (humm? wonder how long it takes to build, place, and drill an oil platform out in the ocean? Not to mention hundreds of them....) Or for that matter dry land oil rigs. WOnder if they are drilling out the cement they capped good wells with back when oil was too cheap to pump it????

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Howard H.

05-22-2008 11:33:10




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 Re: I got a bad feeling. Quite off topic in reply to Dave from MN, 05-22-2008 10:59:57  

This is nothing to what people went through in the 30's and 40's. My folks were kids then as my grandparents bounced from farm to farm looking for a place to grab ahold of...

Between the Dirty Thirties (with crop failures and dirtstorms out here you can't imagine), no one having any money at all, and then the threat of possibly losing a world war to either Germany and/or Japan, today's inconveniences are terribly minor.

Back then it was worrying about finding something to feed the kids with for that day - today it is that the 401K is down 2%...

Then it was hitching a ride into town for kerosene for the tractor (because they didn't have a ration coupon for a tire to get the pickup operational), and today it is loan value on the house dipped from $195,000 to $188,000...

Just my 2 cents,
Howard

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dhermesc

05-22-2008 12:25:00




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 Re: Great reply by Howard. in reply to Howard H., 05-22-2008 11:33:10  
Have to say I agree with you.

Today we also hear about massive uneployment (5% this month - actually down a point from last month) while Europe lives with 10% unemployment as a way of life. Back in the 1930s unemployment was 18% to 25% and "unemployment benefits" was a bowl of soup once a day - if you were lucky.



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Tradititonal Farmer

05-22-2008 11:40:31




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 Re: I got a bad feeling. Quite off topic in reply to Howard H., 05-22-2008 11:33:10  
Just give it time this is only a warm up for what's ahead



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buickanddeere

05-22-2008 11:19:53




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 the sky is falling ,the sky is falling in reply to Dave from MN, 05-22-2008 10:59:57  
I don"t every remember a day from the 1970"s,1980"s,1990"s,& 2000"s when it wasn"t some prediction of doom & gloom from the media. The masses are pretty much led by the media and will act according to what they are told "things are". Baaaaa aa, Baaaaa aa, Baaaaa aaa. Independent, confident people will look at the entire situation and figure out a way to succeed.



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dhermesc

05-22-2008 12:27:34




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 Re: the sky is falling ,the sky is falling in reply to buickanddeere, 05-22-2008 11:19:53  
"Independent, confident people will look at the entire situation and figure out a way to succeed."

And the really smart people look at as an oppurtunity.



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Spook

05-22-2008 12:10:57




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 Re: the sky is falling ,the sky is falling in reply to buickanddeere, 05-22-2008 11:19:53  
I don't agree with some of your ideas, but that last line was very good.



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TomH in PA

05-22-2008 11:51:27




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 Re: the sky is falling ,the sky is falling in reply to buickanddeere, 05-22-2008 11:19:53  
"I don"t every remember a day from the 1970"s,1980"s,1990"s,& 2000"s when it wasn"t some prediction of doom & gloom from the media."

I can remember back as far as the 1960's, and the world was coming to an end then too. Civil unrest, Vietnam, inflation. Seventies brought the oil embargo, even more inflation and high interest rates. Lather, rinse, repeat.



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KRUSS1

05-22-2008 15:04:18




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 Well thanks guys in reply to TomH in PA, 05-22-2008 11:51:27  
After spending the afternoon out in the dust and wind trying to do my part to stimulate the economy these previous 29 posts are just what I needed to cheer me up. To think I was once flamed (torched actually) on this very forum for being pessimistic. So: the good news is: 1)every one that posted on here is still alive and 2) can afford the electricity to post 3) apparently has the time availabe to post in the middle of the day 4) we're not completely out of fossil fuel yet: my truck made it home and the neighbour has a tractor and air seeder going up and down the field 5) closing on a more serious note, right now there's a lot more jobs around here than there is people to do them.
So let's cheer up and see if the sun doesn't still rise tomorrow after all.

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Steven f/AZ

05-22-2008 15:25:08




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 Re: Well thanks guys in reply to KRUSS1, 05-22-2008 15:04:18  

KRUSS1 said: (quoted from post at 15:04:18 05/22/08)So let's cheer up and see if the sun doesn't still rise tomorrow after all.


Around here, the papers are full of help wanted ads. I'm sure they aren't 100k per year jobs, but a person could survive on them.

What I've found lately is that people aren't willing to move to find work. They also aren't willing to make some minor sacrifices (such as power boats, jet skis, quads, dirt bikes, etc.) We moved 1500 miles away from our families, farms, and everything we loved so that we could make a decent living for ourselves. I still miss everything about home, but I wouldn't change the way I did things even if I could go back and do it over.

I'm happy to be healthy, have a steady paycheck, actually own two vehicles free and clear to put gas and oil in, and most of all a family to love. We will make it just fine. 8)

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