Tuesday, May 20, 2014

Debt and Depression - The New Empire of Debt

I'm in the middle of reading "The New Empire of Debt".


I'm sure you've realized, we're broke as a nation and so far, this book does a pretty thorough job of explaining the why and how of the situation.

I'll spare you the majority of the details in this 350-page saga but essentially, the spirit of empire-building intoxicated our leadership and at about the time of Woodrow Wilson's presidency, we got on the gravy-train of printing money that we'll never get off. It's the same story with great empires of the past such as the Romans, Mongols, etc...

I'm not saying the authors are wrong.

But, damn. It's depressing.

As a younger guy with minimal personal debt, is there something we should be doing as individuals to get ready for this collapse? I know prepping is one outlet folks lean to and I've done some of that. But, in all seriousness, if we are in a place where we need to have our own food, water, and safety for an extended period of time I'm not sure if I trust myself to be militant enough to protect what is mine.


Further, should we be convinced that at some point in the coming decades we will be forced to lower our expectations from thriving to merely surviving? It sounds somewhat petty, maybe a little immature, but if we don't have "hope" to cling to and our best days are behind us, what's the point?

(Please note, this use of the word "hope" and use of the word "hope" in any political campaigns past or present are merely coincidental and absolutely do not indicate an endorsement!)

I find the prospects depressing. I know a lot of you think it's worth fighting for here on the homefront through education and political awareness but I'm not convinced it's a battle that can be won. Looking around our communities, seeing the type of people we share society with, I just don't see the drive, personal ambition, and desire to get off the government teet.

So, where do we go?


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