Wednesday, July 1, 2015
Coming Soon to the Entire Western World
Greece and Puerto Rico have been in trouble for years now. Nothing new and nothing anyone couldn't see coming. Financial collapse doomsayers, including myself, have written about them, predicted the eventual outcome, painted the picture for years. There is absolutely no excuse for anyone to be caught off guard. I am still not convinced the Greek tradgi-Comedy is actually hitting the proverbial wall yet. It will not surprise me to see the EU, ECB and IMF extend yet another loan or excuse payments on Greek debt to let them continue to kick the can a bit longer. All that does is assure this scenario will show itself again in a month, a year, two years.
Yet for now we get at least a small glimpse into the inevitable future. Not just of Greece but for all the debt laden Western countries who have been sacrificing their children for their own comfort for decades.
Greece is a small potato in the grand scheme of things. They don't have a continually available printing press to make themselves more zeros to hand out to banks and they don't have the luxury of the Petro Dollar/Reserve currency. So it is coming up to the edge of the cliff first.
As the rains continue to pour down here today I have been catching up on the nuances of this latest chapter in Greek debt and generational theft. What was most telling to me were the demographics of the various Greeks at the various Yes or No referendum protests.
The younger Greeks want out of the EU while by and large the older Greeks want to stay in. This massive retirement debt, a political system ravaged by Feminist, Liberal ideology and Multi-Cult DIE-versity does absolutely nothing for the younger Greeks except hand them the bill and they are sick of it.
The old pensioners and bloated government hold outs of course want to keep the debt piling up and live the comfortable life hoping to push the payback off onto the young. At least in Greece there isn't such a population gap between the Boomer age and the younger Greeks so the younger generations have a chance to save themselves. In the US things are going to have to get much worse before they begin to change.
I am not going to lie nothing would give me more of a smirk than to see some government pensioner who retired at 52 from their cushy government job while complaining they don't get enough and need a cost of living increase as they sail away on their third vacation of the year to have to fight at the bank doors to buy groceries. Anyone who feels it is justified to accept a promise of debt onto another for their own comfort deserves a bit of humility in my opinion.
But let's not gloat.
I suggest anyone who is receiving government benefits open their eyes for a change. If someone else is in charge of or gives you your money then it is not yours until it is in your hand. Period. The politicians promised you something they had no right to promise and the politicians can take it away and surely will once the mood of the masses shifts. Of course that can be said about most everything in today's world but keep in mind land, stored items, foodstuffs and other tangible goods require a bit more work to take away than simply locking a door.
Take this latest quote from the Governor of Puerto Rico for instance: The governor did not specifically say that debts would be restructured. He did, however, say that he was “guaranteeing our citizens essential services and our pensioners a just income.”
If I was a pensioner that would make me take a long pause for thought.
All of us, whether pensioners or not, better prepare for the day those bank doors are closed. We better have a plan that will allow us to keep ourselves alive that goes beyond some promise of forcing others to pay our way. Money payments and tangibles can be confiscated but skills are forever and nothing short of death or incarceration can keep you from using them.
Like it or not the above picture is our future. It may take a year, five years, ten or more. Perhaps you may not be around for this eventuality. I guess if that is the case you can say you won the game and forced the bill on your children and grand children. Not something I would want haunting me on my deathbed but whatever floats your boat.
Keep Prepping Everyone!!!!!!