American economic paradox
Posted in Money on December 12th, 2008 by moody
This is just going to be angry rant, so I don’t rally care if you agree with me or not.
It’s funny how the media and the financial advisers all over the country had been preaching (more like shouting), how Americans are not saving enough; how we’re spending more than we produce; how average American has more that $16,000 in debt (not counting the mortgage). They have been shouting to us how we need to save more and spend less. They have been indoctrinating this religiously into our heads for the past 15 years. That’s all you‘ve been hearing in the papers and news. I think it’s a sound strategy. They were really onto something. And I mean this without a shred of sarcasm.
Well, what do you know. As luck would have it public is finally starting to listen and is starting to save while cutting back on consumption. Result? Whole fricking system is collapsing. Bottom falls out. Retail is hanging on a thread. Auto industry is probably going to collapse or go bankrupt. Banking has already collapsed (if you didn’t get bailed out by the Government of course) .Even gas prices are plummeting. Because of all this, people are loosing their jobs and cannot afford to go out and spend money on useless crap. Lot of them cannot even afford necessary things. It looks like a total collapse.
Now, the same people in the media and financial advisers are asking, in fact begging, Americans to start spending again to prevent economy from total collapse. They even talking about giving you another stimulus and tax cuts, which is essentially your money you earned, which it turn you will spend and will get circulated back to the stores and businesses, so they can keep their poor run and already failed operations going.
These are the same people that few months ago were bitching about Americans spending too much and not saving enough. Are you fucking kidding me? Two words to them: fuck you!
The fact is (and there’s really no way of getting around this) that the whole system got accustomed to the standard of living that was unsustainable for more then two decades or so. Now, when everything is getting back to where it should’ve been long time ago (back to living within or below means), analysts and media are talking about the collapse and how we need to start shopping again for the things you’ll never need, so retail and corporations can start making profit again. Again, fuck them. The only way these motherfuckers can survive is if you start spending more while getting deeper into debt. Otherwise they cannot exist. If most people in The United States lived below or within their means, and were trying not to get into debt, half of these corporations wouldn’t even exists. There’s simply not enough purchasing power without using borrowed money; which are credit cards and loans.
This is not the collapse. It’s a severe correction with justice. I say fuck them. Keep your money, don’t buy unnecessary things, build up your savings and let whoever was leeching off of you go under. That goes for banks, auto industry, retail and other bloodsuckers. Don’t give them a dime. Yes, it will be severe and lots of people will loose their jobs, but it will happen anyway. I’d say we bite the bullet now and start letting everything unsustainable fails. We will be much better off later. Not sure who said this but was right on the money: “If corporation is too big to fail (AIG anyone), it is too big to exists.”
Just think about this: auto industry has been making crappy products for years, and now when people are starting to turn to foreign cars, auto industry and media have nerve to call you unpatriotic for not purchasing their crappy product. They’re using patriotism to lure you into buying their crap. Short of going to people homes and making them purchase their product under the gun point, that is as low as they can go.
And more importantly: don’t ever let any financial analyst, adviser or media tell you what to do and how to spend/save your money. Use your good judgment and logic. These bloodsuckers care only about their ratings and making profit off of you. Not only that but they’ve been wrong on not only things that they predicted but on the things they were happening in the present. How stupid or dumb you have to be to accomplish that?
Strive for anxiety free life. That means: no debt, no mortgage and hefty savings. Only then, loosing a job that you don’t like will seems like blessing instead of hardship.
