Sunday, May 11, 2008

These are the good old days

I’ll get right to the point: I’m officially going on record as saying that the overall trend to life in the future in America for the average citizen will be one of increasing difficulty. Sure, there will be periods of (false) hope where it seems as if things have stabilized and/or improved, but those times won’t last. Discretionary income will become an ever-shrinking part of the average budget as Americans strive to take care of the basics.

What can be done to prepare for this calamity? Probably the best thing is to keep an open mind and not to believe that a certain standard of living is your birthright. Be as flexible and self-reliant as possible and don’t look to government for answers, at least not correct answers. America will survive what’s coming, but she will be forever changed by it. Whether that’s good or bad in the long run will be for historians to ponder.

One more thing: I don’t believe this will be a sudden paradigm shift. Rather, it will be a gradual one occurring over a period of years, maybe decades. Come to think of it, it’s really been going on for quite a few decades already, we’ve just been able to cover it up via adding a second income to households, spending every penny of savings, and finally willingly accepting massive amounts of debt. But we have come to the end of our financial rope and there is no more room to maneuver. The piper is at the door demanding payment and he will not be denied.

Take care.

P.S. The photo above has absolutely nothing to do with the text of this post, I just thought it would be nice to look at while contemplating the comments contained herein.

P.P.S. Hey, cheer up, it's not the end of the world. Those with at least a passing acquaintance to history know that things change and nothing good--or bad--lasts forever. It's just the way it is. Clinging to the memories of good times will only poison your outlook on the future and blind you to new opportunities.

1 comment:

Stephen said...

Two in a row, again, I agree. I tell many people, on a daily basis, this is not the country in which I was born...sometimes I get a confused look; some take a moment and think, then, OH, yeah. Shame, isn't it.