Poor Man Survival
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A Digest of Urban
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AThe Noose is Tightening-But Few Seem to Get It
You should begin investing
in regenerative and life-supporting activities.
That’s what I and many other like-minded blogs have been telling readers
to do for more than a decade [we started in 1999].
However, for many, the
collapse has already arrived. It just hasn’t been called that yet in the
newspapers and on TV, so people just lack the proper frame of reference. It’s
really a matter of perspective.
For the people who are
already struggling under mountains of student debt, or homeless, or unable to
afford medical care, the collapse has already begun. For many, opportunities to
advance have already evaporated; and they're stuck in a slow, steady,
out-of-control decent into a future of "less".
Worldwide banks are in
trouble, governments are in trouble and there are no more rabbits left to pull
out of the hat. Currently, the United
States is doing “well” but as usual, it is all on borrowed money…a trend
started by Bush Jr., accelerated by Obama and kept in place by Trump. Consumers have done the same reaching the
same level as they did when the economy collapsed in 2008-2009 and especially
among those with accumulated student debt which is at record levels.
Here is recap of
perspectives to help keep you enlightened:
Conjuring Up the Next Depression (Paul
D.)
The global financial system is a ticking time bomb. The question
is not if it will explode but when it will explode. And once it does, the
inability of the global speculators to use fabricated money with zero interest
to paper over the debacle will trigger massive unemployment, high prices for
imports and basic services, and a devaluation in which the dollar will become
nearly worthless as it is abandoned as the world’s reserve currency. This
manufactured financial tsunami will transform the United States, already a
failed democracy, into an authoritarian police state.
Most people today are only dimly aware that until the early 1930s,
gold coins were used in everyday commerce by the general public. In addition,
gold backed most national currencies at a fixed rate of convertibility. Banks
were just another business—nothing special. They were distinguished from other
enterprises only by the fact they stored, lent, and borrowed gold coins, not as
a sideline but as a primary business. Bankers had become goldsmiths without the
hammers.
“To make doughnuts a month ago, I used to spend 150 pesos (almost
$4) for oil and seven bags of flour. Now it’s more than 400 pesos,” complained
Gladys Jimenez.
"That debt might not be where it was, going into the global
financial crisis surrounding real estate in the US, but there's an enormous
amount of debt at government levels — whether it's in Europe, Japan or the US,
where it's $US21 trillion at a government level.
If disaster comes, you will find that all the myths you once
cherished are of no use to you. You will see what it is like to live in a
society where morality has collapsed, causing all your assumptions and
prejudices to crumble before your eyes. And after it’s all over, you will watch
as, slowly but surely, these harshest of lessons are forgotten as the witnesses
pass on and new myths take their place.
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2 comments:
A big problem is although jobs have improved, wages and benefits have not and inflation is horrible [have you priced a new truck lately or medical costs]...there is still far too much student debt and colleges continue to increase tuition as if there is a bottomless pit among wallets of the Middle Class [schools are insane]...sooner or later it will all come to crash thanks AGAIN to corporate greed [primarily] along with the eternal grind of government printing presses fueling its military-industrial complex et al.
As you and others point out - the vast majority [throughout history] have their head buried in the sand and will never see things clearly as most no longer have the ability to think for themselves or to see beyond the end of the day.
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