There is no doubt that the next 20 years will be vastly different from the last 20 years in terms of just about everything we have come to accept as normal in our modern society.
Thinking people around the world have begun to recognise this fact especially since the financial and banking crisis of 2008. Those are the people who have disregarded the assurances and plattitudes of politicians and begun to study and examine the real reasons why the crisis happened.
The reasons are quite obvious when you consider that the world population is increasing exponentially with the addition of an extra 70 million people every year, oil and energy reserves along with all major natural resources are depleting while the demand for energy is increasing exponentially.
Combine these facts with the ever increasing level of world debt creating a huge demand for more cash or money and you have an ideal recipe for hyper inflation. Small wonder then that things must change. Simply put, our current economic structure demands that the economy must grow but in an environment where oil and energy reserves are depleting with decreasing resources and rising costs of production showing that the economy can not grow.
The status Quo will be maintained by governments at all costs for as long as possible and that may be still some time off, but eventually the status quo will become unsustainable.
So, what to do?
I have absolutely no idea whether you accept the evidence or whether you even care, but that is up to you. Everyone will have to make some adjustments, in fact it is fair to say that the population will be divided into 2 distinct classes. The poor and the rich. There will be no middle ground so therefore you will have to decide. Unfortunately 80% will not have the choice because they will simply not know what has hit them. They will be poor.
It may be helpful to understand that the USA will probably no longer be the economic leader it has been up to now. The largest city in China is equivalent in size to the 5 largest cities in the US combined. The level of personal savings in the US and many other developed nations is almost nothing compared to that in China of 30% of income. For those that have the choice, you need to either accept that the problems exist and then choose to ignore them or take action. If you take action and nothing bad happens then you lose nothing, except maybe a bit of pride. If the worst happens, then you will be prepared and that’s good.
The prudent course of action is to make sure you are not in the poor category. Find out more, study it and understand how economic events might impact on your world. In most cases this will require a good honest review of where you are now financially and emotionally and formulating a plan for the future of yourself and your family. Do a SWOT analysis, that is write down your Strengths, Weaknesses, Opportunities and Threats. Make a list of likely outcomes based on your analysis then take action. You won’t be able to do everything and you will make mistakes but the important thing is to take action.
To find out more about how to protect your family read Mike Dillard’s view by going to his article called Collapse and Prosper. You will find links to other resources here but in particular visit Chris Martensen’s Crash Course
Remember, if you are employed in a job, Job is an acronym for “Just Over Broke”. Learn how to become financially independent so you can determine your own future. Good Luck.
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