BC: FINANCIAL MESS ONE VIEW
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I think this is it. I think the universe has changed forever from the combination of:
>Peak oil and the failure to adjust manufacturing to that new reality and develop alternative energy sources
>The rise of China as both the biggest manufacturer and the fastest growing consumer of resources
>The phenomenal drain of unnecessary war expenditure to the detriment of domestic infrastructure and education
>The unregulated and unmitigated greed of Wall Street and the multilevel shell game of essentially bogus, invented financial instruments
>The growth of the idea that unearned income is the only way to create savings/personal wealth & security
>The excessive concentration of wealth into the top 2 or 5% and the reduction of real wages for both the working poor and the middle class
>The absurd housing bubble
>The disconnection between lenders and the risk of the loans they make (from selling them off instead of holding them)
>The complete acceptance of credit cards as a way of life combined with planned obsolescence of pretty much all goods sold
>The acceptance of corporate pre-eminence over independent small business
The unemployment statistics are very skewed -- they do not count the people who have given up looking, they do not show people working at a job that does not pay the bills, they do not show people having to work 2 and 3 jobs to make ends meet, and they probably do not show the unemployed self-employed who are not eligible to collect unemployment.
I think that it could get as bad as the 1930's, and I think that most people do not have the skills it takes to live poor. We live in a society which has fewer farmers than prisoners, and where a huge number of people don't even know how to cook.
I don't mean to be pessimistic, but if you're not already in a chickenwire canoe, you're in the handbasket floating along behind, and we're all going down the drain to the same place.
But perhaps that is just my perspective, because my business failed, and I had to get foodstamps, and the intake clerk said, "Wow. You're the second businessperson I've had apply today |
