I don't post much but thought I'd write up this feeling I have in terms of 2012 "conspiracies" and the debt that we are in here in the USA (and
My opinion is a lot of economic up-turn may occur between now and the end of 2012. My thinking is people will be "partying into the end of 2012"
since they believe there is some big event to occur at the end of 2012. I truly believe a lot of people are being convinced by movies and conspiracy
sites that 2012 is something big and some level of doom and gloom is forthcoming. The Myan calendar - sure it ends on 2012 but nobody really knows
that this means.
Full country-sized economies like the USA are doing 1.5 Trillion in budget deficit per year. Why? Are we stupid? Obviously, we could spend less
through inteliigent governing - but over the course of many years since Clinton's administration, we've felt it was important to overspend now and
figure it out later.
I have to think people on the gullible end of the spectrum will go into more debt going into 2012 and onward - helping feed the NWO and business
leaders with their personal savings and economic activity. This means even more people ending up in heavy debt into 2013. I say "screw em". Save
your money just like you normally would because you'll need it. The heavy debt of the USA is going to come back to hurt us in the form of devalued
currency along with either deflation or inflation. Either can happen going forward.
Devaluation of currency will lead to inflation - causing stuff you buy in the store to go up in price. Costs of education is going up fast while the
money you make on the job is not going up. Many of our kids are at risk of not even being able to attend college - or at least a good one.
Deflation happens due to lack of buyers, we see this happening now with the home prices dropping hard over the last two years. Since home prices are
a form of savings - you have lost 30-50% of the "value" of your home and it's as if the savings account has been raided. Don't even talk about
Detroit, Buffalo, Cleveland and other rust-belt cities which have been hammered even further. You cannot borrow against your home to pay other debts
anymore, such as student or car loans, as HELOC loans are harder to get on lower-valued homes. I'm hurting myself as I haven't gotten a raise in pay
for years (I like who I work for but company has had massive losses). Prices go up, home value down, kids education growing, etc. My highest-pay
year was 1999.
I've got the feeling that many businesses and governments (local/state/fed) are at a tipping point in terms of ability to stay afloat. Their
tax-bases are dropping due to fewer and fewer people in the work force (see www.bls.gov for real numbers - not this 9.0% unemployment dillusion, it's
much higher). Some conspiracy says that countries like China and Russia will some-day band together and come "take back" the debts we owe them. This
will not be a physical fighting war but a monetary war where we pay the piper through higher prices and taxes.
So, what's your spending plans going into 2012?
1) Are you going to Party Hardy and end 2012 in huge debt? Hoping to have bankruptcy save you if we make it to 2013?
2) Are you being responsible and saving - knowing we're going to have higher taxes into 2013, a new president, new issues and some type of
responsibility to help pay the bills and cut the spending?
3) Are you looking at moving to a more fiscally-responsible state or country to work hard for an entity who acts responsibily and not mortgaging our
children's future? Some rich folks (and some not so rich) have already moved out of the USA.
4) Downsizing - are you selling the McMansion and BMWs and going used mini-van in a smaller house? This is probably the best way to go for most of us
who must fact higher expenses in the future.
5) Nah Nah Nah - can't hear you - I don't care, I'm not changing anything because it doesn't really matter to me. Free health care, free retirement
government retirement, yeah!
Some part of me thinks the government wants poorer people in more debt to be less able to react to anything they do - sort of a captive audience. My
problem with our government is their lack of accountability. Senators and Congress will vote in a policy to spend billions without concern of waste
or return on investment - they don't seem to care because they some day will be out of office and will not need to worry about it. That's how
government works but not how personal debt responsibility works. Lately, NJ governor Chris Christie has surprised me in how he is battling the budget
there - we need more of him in Federal Govt.
edit on 5-2-2011 by bonaire because: (no reason given)