People,...LISTEN UP ...
This bankruptsy began in the early 2000's.
Follow me please.
There was a 'push' to make money in the stock market in the early to mid 2000's. It was quoted as the best years ever. (for some)
And it was the last big bang for the American economy.
Everyone remembers the big spike in gas prices in 2007? It was exponential yes. Anyone living on minimum wage found they could no longer afford to
drive to work. Let alone keep their insurance up. Those that made decent money found the gas bite took their remaining expendable cash, and worse,
more than they could afford and still pay bills like mortgages.
This went on until 2008 when the double whammy hit. The stock market crash of 2008, and the
The Foreclosure Fraud Timebomb - goes BOOM !
literally evaporating trillions of dollars in individual wealth in this country overnight. (yes, I authored that thread and watched
it unfold in real-time)
Suddenly, aside from 401k's for near-term retiree's shrinking to levels that ensured their need for employment for lots more years, and aside from
millions of homeowners unable to get out of their homes as there were no buyers, and no funds to keep paying the bills, and aside from the investor
lot barely able to keep from jumping off of buildings,... the stage was set.
Oil companies are now 'making sure' that supplies are limited to prop up retail futures on gas while the car companies desperatly attempt to make
viable electric cars and desperatly try to get people to buy them when the people dont have any money or assets to borrow on to get them. Brick and
morter stores are falling down while the online retailers cater to the customers that still want things, and yes, free shipping is a perc. Plus brick
and morter stores are finding their prime real estate is no longer prime, and when the close their doors, nobody wants to lease or buy the vacant
outlets. Even the US postal service is starting to fold into oblivion as the wagon wheel makers of days gone by, while UPS and FedEx cant put enough
trucks on the road to cater to demand from the online retailers that know the USPS wont be around much longer. (now you know why Berkshire Hathaway
started buying train freight conglomerates) Yes, the land-line phone companies, you know the ones that had to be de-monopolized because of their
power, are now just companies with fake adverts trying to keep what persons refuse to change to fibre connected voip or handheld cellular
Folks,... This IS the new paradigm for America.
Change,... or go broke. Move fast, or become a third class citizen. Plan for retirement young,... or dont expect retire.
Is all lost? Absalutely not. Can I tell you what to do? Absalutely not.
But when the stock market crashed, I took a chance. I invested heavily into my 401k, and did pretty dern good recovering in short order. When the real
estate market crashed, I took a chance and refi'd into a rediculously low rate for a shorter fixed term. Soon after gas decided to be overpriced, I
took a chance. My wife and I both telecommute to work now. We have dropped our gas expense several fold per month. When stores started to be too
expensive to buy from, We take a chance and buy from reputable online retailers at discount with free shipping. The only thing we go out for is
recreation or dinners, or to buy food. (and the latter I foresee soon being readily available online too)
Am I bragging or rubbing in faces? All I can say to that is I am very sad to say, no. Way too many of my friends and family have suffered greatly. And
I can do little to change that. And I am terrified for them in the future.
But it is important to suggest, quit living in the past, and look for opportunities to improve your future.
America IS going bankrupt, but just not as fast as the other countries.
God bless you all.