Eventually the kind of economic/societal crises so many are predicting will come true – if you wait long enough – live long enough.
The best way to avoid the negative consequences is to own things of lasting value: land, farms, food, gold, silver, commodity enterprises, etc. Not very exciting!
If we perpetuate the Democrat/Progressive Handout State – it could happen sooner versus later. Deficit spending, printing fiat currency, de facto Marxist/Fabian-Socialist/ Democrat-Progressive governance, etc., may eventually lead to a financial/ social/ economic collapse.
As many of you know, it happened during the Great Depression, which was ended via WW II. Frankly, it could happen again. Our best hope is that the peaceful safeguards that have been put in place will minimize the downfall – as was the case in 2008 and 2009.
The election of a Democratic Congress in 2007 and their Handout Philosophy brought on the financial crisis of 2008 and 2009, which the Bush Administration and the follow-on Obama Administration curtailed with considerable help from the Federal Reserve. Their deficit spending, borrowing, printing of money, bailouts, etc. mimicked going to war and again saved the nation.
The Obama Administration has perpetuated this fix – via warlike deficit spending – through the current, sluggish recovery. This could prove to be a mistake in time. The obvious question is: will the current economic/social fix last or simply lead to another crisis or collapse?
Time will tell. In the meantime, I’m going back to work.