My book "The Financial Jigsaw” has now been accepted and published at my academic network. Scroll down and Hit: ‘View Full Text’ button for the complete book: https://www.researchgate.net/publication/358117070_THE_FINANCIAL_JIGSAW_-_PART_1_-_4th_Edition_2020
Sadly, we can expect thing will get much worse going forward. The huge debt load by nearly all wealthy nations will require larger service costs. That means something must be cut. And the green silliness has increased the costs of energy despite not being even near the ability to do without. Our diets may need to adjust to food shortages and our budgets will be stressed.
The good news is that 2008 medicine might now be taken with all of us feeling the pinch. That also means that many who were able to change bums to unhoused might need to find a productive activity like digging in the garden just prior to them becoming bums.
Planned obsolescence in hard goods like washers is a real issue. Where they once were designed to last 30 years, they now might get to 15. But it seems our phones are now seeing resistance. I hung on to my iPhone 4 until I could no longer update applications; my SE came via a used one on eBay. I don't need a larger phone nor a smarter one. But the batteries are an issue that must be managed.
Excellent points thank you HH and to reinforce your assessment, CHS has a wonderful article about all the degradation in our economy:
"One consequential dynamic few mainstream pundits dare discuss is the "crapification" of the entire U.S. economy. That isn't my description, "crapification" is now in common use. If the word offends you, substitute terminal decay of quality, competition, utility, durability, repairability and customer service."
Agreed HH but this is just the beginning; as recession moves to depression I believe local economies will emerge and central government will start to lose their tax base - result will be a shrivelling of centralised controls. We are already seeing 'the great resignation' as workers reject toxic corporate slavery and do their own thing. Here comes the real 4th Revolution and it's not what the WEF envisions - quite the opposite.
True to point just prior to a lasting recession. We have had prosperity for so long, few understand how hard life can become. But I was working in the 70's and did OK; now I'm sidelined for being too old, thus retired.
Sadly, we can expect thing will get much worse going forward. The huge debt load by nearly all wealthy nations will require larger service costs. That means something must be cut. And the green silliness has increased the costs of energy despite not being even near the ability to do without. Our diets may need to adjust to food shortages and our budgets will be stressed.
The good news is that 2008 medicine might now be taken with all of us feeling the pinch. That also means that many who were able to change bums to unhoused might need to find a productive activity like digging in the garden just prior to them becoming bums.
Planned obsolescence in hard goods like washers is a real issue. Where they once were designed to last 30 years, they now might get to 15. But it seems our phones are now seeing resistance. I hung on to my iPhone 4 until I could no longer update applications; my SE came via a used one on eBay. I don't need a larger phone nor a smarter one. But the batteries are an issue that must be managed.
Excellent points thank you HH and to reinforce your assessment, CHS has a wonderful article about all the degradation in our economy:
"One consequential dynamic few mainstream pundits dare discuss is the "crapification" of the entire U.S. economy. That isn't my description, "crapification" is now in common use. If the word offends you, substitute terminal decay of quality, competition, utility, durability, repairability and customer service."
http://charleshughsmith.blogspot.com/2022/02/the-crapification-of-us-economy-is-now.html
Thanks for the article reference. We have seen a small opening with Right to Repair.
Agreed HH but this is just the beginning; as recession moves to depression I believe local economies will emerge and central government will start to lose their tax base - result will be a shrivelling of centralised controls. We are already seeing 'the great resignation' as workers reject toxic corporate slavery and do their own thing. Here comes the real 4th Revolution and it's not what the WEF envisions - quite the opposite.
https://www.zerohedge.com/economics/reddits-antiwork-forum-booms-millions-americans-refuse-work
True to point just prior to a lasting recession. We have had prosperity for so long, few understand how hard life can become. But I was working in the 70's and did OK; now I'm sidelined for being too old, thus retired.