Real Life Economics

I really do think about 5 years from now, we are going to look back on these economic times as the best thing that could ever have happened to us and the rest of the world, for that matter. The reason is it's going to force everyone to come back to the simple realities that our forefathers lived with.

Several important factors are involved here. The first and foremost would be this new thing that was invented called "Credit". Instead of only buying things that one could afford and paying for them BEFORE you took them home, these new fancy pants shysters came up with this insane plan where you could borrow the money from them and take it home right now. Of course there was quite the price to pay. They called it "interest" and the longer you took to pay them back, the more "interest" they received.

If you're old enough, you heard your parents or grandparents say "That's nice but we can't afford it". I'll bet you haven't heard that statement in years. With the credit thing, we all got to the point where we thought we could afford anything, anytime. Huge mistake huh?

The other insane factor we all got caught up in was buying crap we didn't even need. No regular person needs a pair of $350.00 sneakers, $200.00 pair of Cotton pants, a $40,000 car every three years, a 4,000 square foot McMansion or any number of other high priced garbage we see in the slick magazines about the rich and famous and their "lifestyles". We then started extending these insane practices onto our children, making them think they "deserved" the very best at all times.

Because of our willingness to go into great debt, the business world jumped at the chance to rip all of us a new one and greed then became not only fashionable but standard practice. So eventually, they invented a new form of credit, called "easy credit". At first, they actually expected you to be able to afford the payment on your "loan" with them. The next logical step was to drop that requirement and just go ahead and give us whatever we thought we needed without thought of the future consequences of our choices at all. Let the future take care of itself.

Well folks, we are now seeing the outcome of all that greed and wastefulness, to say the least. Now when I see all the terrible news about car dealerships and fancy pants stores going bankrupt all over the country and world I say "GOOD, we didn't need any of those things anyway". I'm going to guess about 1/4 of ALL businesses were just trying to sell us crap we didn't come close to actually needing and they can and should just go away.

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Come on.......DO IT!