R
RepetantCatholic
Guest
I agree with you on that, and in the larger scope of things we have it great. Right, now, at the moment it is better than 2000-2010 when the Economy was changing and people were scrambling for work and people losing their homes. What is helping us right now is that we now have access to online retail and the diversity of products with cheaper goods from China.
But, when it comes to the future I see I economic problems with global monetary makers inflating the market with cheap cash through loans. So, a lot of countries and companies are overleveraged. So, that is why if I had kids, which I’m not going to have kids, I would raise them to be self-reliant and live simply, focus on what they know and the local community.
As for the overall purview of the past, it’s all relative to me. There are periods of Renaissance and Enlightenment and overall wealth growth along with revitalization of Faith, and there are periods of turbulence. So, I only compare what I know and experience with the knowledge I am no greater than previous generations of old.
In my 38 years I would say my teens and the nineties were the highlight because it was a period marked by greater hopes of the future. The Berlin Wall fell, USSR became Russia again and it seemed like there could be no problem in the world. However, this was followed by 9/11 and two wars while domestically there was a difficult Economy. Through this time I worked in Finance for a short period and went to law school. I wouldn’t change my life or trade it for anyone else’s although I did develop a disability.
So, again, just being cautious in mind with how a lot of Finance from my experience is driven by short-term gain, there could be hard times ahead. I’ll be fine, but again I’m single and celibate since 27 and won’t have children so life is easier on me. I have a home without a mortgage on it. So, the best is to be self-reliant and not rely on Governance or Corporations.
But, when it comes to the future I see I economic problems with global monetary makers inflating the market with cheap cash through loans. So, a lot of countries and companies are overleveraged. So, that is why if I had kids, which I’m not going to have kids, I would raise them to be self-reliant and live simply, focus on what they know and the local community.
As for the overall purview of the past, it’s all relative to me. There are periods of Renaissance and Enlightenment and overall wealth growth along with revitalization of Faith, and there are periods of turbulence. So, I only compare what I know and experience with the knowledge I am no greater than previous generations of old.
In my 38 years I would say my teens and the nineties were the highlight because it was a period marked by greater hopes of the future. The Berlin Wall fell, USSR became Russia again and it seemed like there could be no problem in the world. However, this was followed by 9/11 and two wars while domestically there was a difficult Economy. Through this time I worked in Finance for a short period and went to law school. I wouldn’t change my life or trade it for anyone else’s although I did develop a disability.
So, again, just being cautious in mind with how a lot of Finance from my experience is driven by short-term gain, there could be hard times ahead. I’ll be fine, but again I’m single and celibate since 27 and won’t have children so life is easier on me. I have a home without a mortgage on it. So, the best is to be self-reliant and not rely on Governance or Corporations.