Friday, September 13, 2013

The Collapse Of The American Dream In Animation

This sums up what I never understood about our economic system.  When you watch this think back to your youth.  I remember the 70's, 80's and 90's.  I remember when we were encouraged to save our money and how to wisely use debt.  When we only went into debt on our homes and cars.  When we had ONE credit card or two in case the place didn't take Visa and instead took MasterCard.  Even then the credit card was for emergencies.
I remember when we bought US bonds and our savings returned interest.  We have been fully converted to a debt-driven society and we are hurtling toward collapse just as quickly as our technology grows.

It's too late to stop what's happening.  Now it is just a matter of when the collapse occurs.

HT to Investment Watch Blog

No comments: