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Update Dec 23 2024 Fund rasisers asking us for more money?
Those fund raising programs!
Give us a break!
With the arrival of Hurricane Helene, the advertisements petitioning for public donations pepper the news outlets.
When similar disasters befall our nation and indeed the world, as far back as I can remember the public is sought after to donate money to help those affected by the catastrophe.
Not to sound callous but I find myself reacting negatively to such fund raising programs. Not because I’m a cold unfeeling person. Lord knows, as well as many living in Nevada County, my pet peeve toward lifting others up comes in the form of my matching food bank programs called Turkey Matters in which I run several times a year.
Not to stroll too far off topic but my latest fundraiser to address food insecurity is the annual Turkey Matters matching program at Interfaith Food Ministries in Grass Valley where we buy holiday dinners with fixings and I match your donation with my own money. The program runs through Thanksgiving and you can donate by contacting Interfaith Food Ministries at (530) 273-8132.
Most agree we are constantly bombarded to donate our hard earned money to the latest catastrophe or war rescue effort. Considering the billions the governments of the world toss into the bailouts of financial institutions and add to that the willy-nilly spending on every this, that and the other thing, you have to wonder why ask us little people for our money when many of us are starving ourselves.
I continually receive those preprinted return address labels by the truck load looking for a few dollars for war veterans. The Wounded Warrior Project is another organization looking for money to help our war veterans. The flyers for address labels ask for just a few dollars if that, and the Wounded Warrior Project will send you one of their blankets for a mere $19 a month. Add in fundraisers for the homeless, distressed pets, crumbling schools and what have you, and the extended hands looking to be filled are never-ending.
Now you might ask why in the world would you and I be a bit perturbed at such seemingly worthwhile fund raising endeavors?
Well let’s see.
How about the multi-hundred billion dollar chips act that Washington just doled out to for-profit semi-conductor companies to incentivize these already cash rich companies to make computer chips here in the U.S.?
The stocks of many of these companies have gone ballistic in the last two years and the CEOs of some of these companies are some of the highest paid executives in the world, many of them having a net worth of many tens of billions.
And how about the 44 billion already spend of your tax dollars going to fight the war in Ukraine which some argue is an unwinnable war?
The infamous bailouts to the banking conglomerates over many decades totals well into the multi trillions. The Federal Reserve’s ongoing Quantitative Easing and FOMO programs are yet another direct money spigot into the financial system. Many more programs are shuttling unimaginable amounts to insurance companies, hedge funds, troubled brokerage houses, foreign entities, foreign countries, foreign banking systems and other financial entities that you will never know of. There seems to be no shortage of funds where our largest institutions are concerned.
Then I open my mail and a veteran organization asks me for a five dollar bill to help them provide for those that served our country, or perhaps a soldier needs a new prosthetic or a hospital or school that doesn’t have paint peeling off its walls.
I could go on with more sickening examples as you probably could and in the midst of writing this article they’re hitting me up again to help those impacted by the recent hurricanes.
What a travesty.
Washington has for decades, and continues to throw billions of dollars out secret windows to God knows who and for God knows what, while many worthwhile programs supporting our own citizens go begging.
Meanwhile the “ultra-connected” throughout the country and indeed the world get billions at the drop of a hat while the programs that support our citizens on the Main Street go scrounging for nickels and dimes wherever they can find them.
And in the midst of all of it, the putrid odor of government audacity permeates my olfactory senses.
Am I the only one in the room who smells the stink of the whole thing?
“Watching the markets so you don’t have to”
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(As mentioned please use the below disclaimer exactly) THANKS (Regulations)
This article expresses the opinion of Marc Cuniberti and is not meant as investment advice, or a recommendation to buy or sell any securities, nor represents the opinion of any bank, investment firm or RIA, nor this media outlet, its staff, members or underwriters. Mr. Cuniberti holds a B.A. in Economics with honors, 1979, and California Insurance License #0L34249 His insurance agency is BAP INC. insurance services. Email: news@moneymanagementradio.com
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