Is It Possible To Feel Secure Economically Right Now Without Taking Bold Steps To Create A Vastly Different Financial Blueprint For And Yours?
In my estimation, our economic future has never looked so bleak, or at the very least, let's call the outlook turbulent.
The invoice for the global economic shutdown will make for traumatic fiscal reading when it lands on our collective doormat, marked 'DUE'. Central banks around the world are printing fiat currency like a caveman mesmerized by his magical new printer.
Remember those pictures we have all seen being beamed out of failed states and after catastrophic collapses of economic systems, you know the ones, they show people with wheelbarrows full of worthless bank notes, unable to buy a loaf of bread.
I dunno about you, but my school didn't have 'The horrifying truth about hyper-inflation' or 'The ineptitude of governments' on the syllabus. Did yours? I feel that we little people, We 'fiscal Philistines', were deemed too unsophisticated, to understand such grown up topics.
If we had, we may have been able to see through the annual or biannual speeches given by our Chancellors, Fiscal Chiefs or economic think-tanks. If we had, we may have understand the 'real reason' the banksters were given humongous bailouts from the very same politicians who, in their 'other jobs', were the board members and major investors of many of the corporations that would have come off pretty badly, if the 'too big to fail' had been allowed to fail.
Is it just me who views people in my own economic class as 'too small to matter', when I hear the phrase about global corporations and massive chains of stores and banks as 'too big to fail'. I wonder what Charles Darwin would have thought of that phrase had he been around today and spent a portion of his time as an economic analyst. I wonder if he would have taken one look at the over-bloated banksters and oligarchs and coined the phrase
Survival of the fattest...
I have another surreal image that springs to mind when I think of those at the top of the financial
house of cards system, who think they have a divine right to lobby those in power to get the best deal for their cronies, who think democracy is just another contractual loophole to be exploited...
The image I have is of one of those inflatable slides that they deploy at the steps of an aeroplane when there's a crash landing or a malfunction whilst still on the ground. I reckon they have one of those inflatable slides out of the back door of Goldman Sachs that dumps the lucky passenger straight in to a position of power in a global seat of government... It bears thinking about, right?
Global economics and Government fiscal policy seems to me to be mostly 'smoke and mirrors' full of buzzwords and vagaries curated, sanitised and sugar coated by the spin doctors who are paid fortunes (of tax payers money) to make a brainectomy sound like an appealing course of treatment, that will aid your little thinking problem.
The way I see it, is that if we were a little more educated in the school system about financial principles, economic laws and we could comprehend the convoluted jargon that goes along with it, we would be able to see behind the curtain and understand exactly what our leaders and the establishment figures were doing and that would be a very unpalatable idea for them indeed, that would simply never do.
If that scenario ever came to pass, we would realise with absolute clarity that they left a spendaholic in charge of the national purse, a feckless puppet in charge of a country, the Wizard is a fraud and can do nothing to get us back to Oz and the Emperor is quite categorically wearing approximately zero clothes
In short we would realise that the lunatics are running the asylum.
At the very least what I see when I look at global fiduciary figureheads is errant fools who are rife with incompetence, at worst it is something far, far more sinister and corrupt.
Now in some ways the fact I am writing this post on a blog that is firmly positioned on a blockchain and clearly centred in an ecosphere that is rooted in a crypto economic system means I am preaching to the choir, however that does not absolve every last one of us from our absolute duty to start asking awkward questions of those holding the purse-strings. Taking a lyric from one of my favourite songs: Collapse by Rise Against,
Neutrality means that you don't really care 'cos the struggle goes on even when your not there, blind and unaware...
It is awesome that we have been exposed to the crypto ethos, that we understand how a decentralised, incorruptible economic system works as a store of value and a hedge against inflation or the death-knell of hyper inflation or as much, much more as we move forward.
But that does not mean we give up on everybody else. The system must ALWAYS be accountable to us - NOT the other way around!
If you are unaware of the recent events of Reddit and Gamestop Vs Wall Street, go and google the story, it is exactly the sort of piece of the puzzle that will become a brick in our shared economic history, best to learn about such things as they are happening than read them in years to come and only then realize how much the system was shaken, right to it's Wall Street foundations...
This has had huge ramifications for small retail investors like myself, one particular investing app that I use has temporarily raised it's minimum share spend amount from a mere £1 to a not so mere £100.
It sounds like the message that is being sent is, until the serfs and commoners learn to behave, we shall bar them all from a seat at our big, important table. There are more nuanced factors at play than that, but that is how I choose to interpret the situation.
The pension crisis, the health care crisis, the ongoing fallout years after subprime, the massive overspending by governments around the world and on and on and on... All of this was precarious already... Then came Covid...
In light of this pressing and urgent situation, we must all take steps to make ourselves more financially viable.
I believe that each and everyone of us is a sovereign individual, despite the establishment trying to strip us of this essential, inherently earned, designation. As such it is our duty to give ourselves and our loved ones the greatest protection from economic catastrophe that we can, in each and every way we can.
What is your financial plan to weather the oncoming storm? Do you have one?
If only people understood compound interest from a young age, huge debts would be avoided, great sums would be amassed by informed, enlightened global citizens who understood and could calculate what they were getting in to.
If the oh-so-important topic of delayed gratification was taught and truly understood, people would truly understand that not eating the whole cake today ensures they could have much more cake in the longrun. This concept is usually discussed with a focus on discipline, lack and loss, who the hell wants to save for a rainy day? If it's gonna be wet and miserable, then there will be nowhere to go and spend our savings, right, try visiting the beach in a storm and see how much fun it is.
If people were educated in the ways of living a good life today, whilst investing for a better tomorrow, they would be more inclined to make the 'perceived' sacrifices necessary to become financially free down the road.
Did you leave school understanding how credit cards, bank accounts and mortgages worked? Nope, me neither, we were too busy working out how to calculate the circumference of a Pidgeon whilst learning how primitive man applied leeches to some dude with evil spirits trapped in his head!
The vast majority of us were victims of a system that cared only about turning out a new batch of worker drones to man the low paid jobs in manufacturing or the service industry. We were short changed by the establishment that believes there are only so many seats at the big table.
But we don't need to stay there, trapped in ignorance, there is a world of education and resources available to us in the digital age, information for transformation has never been so readily available. We simply need to choose to become more...
I am going to be offering some ideas for starting out on the road to financial freedom in the coming days, even if you are starting from nothing, or less than nothing. We live in remarkable times when a person can be exponentially rewarded for learning to do things a little different from how his or her parents did them.
I challenge you to be different, be remarkable, be eccentric because going along with the herd and acting like everyone else will bring the same results that everyone else has.
Most of all, I challenge you to START, take action, read a book, maybe listen to an audiobook or find an expert on YouTube and begin to learn a different way to live, work, handle money and maybe develop a new perspective of exactly what you are capable of.
Do not accept that you must be washed up and broken on the financial rocks of your country on the whim of your leaders, you are far better than that, your potential is infinite.
I would LOVE to hear your ideas for a way to shore up your financial life in light of the incredibly challenging times ahead.
I genuinely hope that you and yours are well and about to embark on your greatest ever spell of the journey we call life. May health, wealth, happiness and all of the very best life has to offer be abundant for you and may 2021 prove to be a breakout year for you in all that you would wish for yourselves. Most of all I hope you are surrounded at all turns by love, joy, friendship and happiness.
Thank YOU for taking the time to read my post and if you're one of those amazing people who like to hit the comments section... Then I doubly thank YOU!
Either way I want you to know that you are appreciated!
Keep taking the time to connect with each-other both here and in the so-called real world and try and look after each-other, because as you already know...
I am a proud member of the recently formed #TeamUK I love the global community immensely, but it is nice to have a home-team banner to add to my posts. The banner was made by the inimitable RoastMaster General himself @c0ff33a If you are an active UK member and would like to be added to the teamUK community on Discord, just let me know 😎
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