Not only is the American economy struggling to recover from the shock of the recent banking crisis. That was simply the tip of a great iceberg that we’ve done little to address, where runaway debt and the pursuit of profit at all costs have revealed the cracks within a system that doesn’t serve many very well.
Superimpose upon this the burgeoning public debt throughout the “developed” world. The U.S. economy functions only upon borrowed funds; we continue our profligate ways while our so-called leaders fight to see whose ideas will prevail, yet neither seems to have answer to how to bring prosperity back to the people.
To top it off, public debt is setting off great wars between the powers that run or influence our state and local governments — witness the wars in Wisconsin, Ohio and elsewhere to reign in benefits promised by administrations past to public unions. Neither side wants to admit they are part of the problem or take responsibility for their role in creating it, much less fixing it.
And then we get to Europe.
Greeks were recently strong-armed by the IMF to accept a work-out refinancing a portion of their debt — debt that was incurred to provide extensive public benefits, among other things.
Of course, the airwaves hadn’t stopped reporting the dirty deed before the Italian premier stepped down because of their own crushing debt burdens. Spain, Ireland and others probably aren’t far behind.
Now Germany, the last bastion of so-called fiscal sanity, is losing its edge in attracting the money it needs to float its bonds. Once enjoying a huge discount over the rates other European nations could borrow at, now even it is denied access to cheap capital.
It seems that those who have money have no where they feel safe investing it. And truly, they don’t.
The entire monetary system of our “free world” is in danger of crashing down from the weight of the debt that those freedoms have allowed us to buy — albeit so on the backs of future generations who will be left to foot the bill.
Yet as we all know, the average Joe and Jane are just along for the ride. There’s not much they can do to fix things. And with the Occupy Wall Street protests trying to undercut the stability of some of our largest banks, they risk making things even worse.
Then again, there’s another way to look at it.
The collapse is perhaps inevitable. So why not speed things up, bite the bullet and suffer the pain now?
Ah, this is the problem, isn’t it? Everyone wants a better system, but no one wants to suffer the pains of change to have one.
Because what many are protesting is not that the current system has enabled the financial sector to hold such influence over our affairs, but that their practices appear excessive and greedy at a time that the people need that system to prop up the very economy that gives them jobs and the prosperity needed for their own lives
Yet, what happens if that system totally fails? What will we do if even more jobs are lost? What will people do if the next round of foreclosures put millions more in jeopardy, and perhaps even on the streets? Will the people continue to sit by quietly? Or will people test the powers of our growing police state with rioting in the streets, if not worse?
How far are we the people willing to go to see things change? Are we ready to blow it all up and start over? Or are we really hoping that our “leaders” will somehow not only come to their senses and stop the fighting, but find a solution to the tendency so many — individuals, governments, and businesses alike — to live beyond their means and incur the slavery of debt that now calls the tune?
We individuals are coming to a choice — how to provide for our own needs and even survival yet do so in a way that allows everyone else to have theirs met as well?
I doubt it will happen simply by taxing the rich even more, as some propose now. Because if if the system does collapse, we won’t have the rich to bash any more, much less tax, because they’ll be in the same boat as the rest of us.
So look around at what you’ve got, and the life you’ve built. It’s all constructed on shifting sands. And the ground beneath those sands is beginning to quake.
All we can count on is each other, and what we each carry inside. I suggest you take stock of it now and learn to draw on it before things get worse.
In the meantime, don’t despair at those storm clouds gathering on the horizon. Sunny skies lie just beyond, no matter how dark it may look now or in the foreseeable future.
It might be a bumpy ride. But better days are coming. Somehow, some way, we’ll get there.
Trust in yourself. Trust in each other. Together we’ll make it through.
God bless you indeed, my friend.
- Learning the Lessons of Failure
- Surviving and Thriving in Times of Uncertainty
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John offers a free report, "5 Minutes That Can Change Your World," at http://bit.ly/1QwNenb, and provides coaching and guidance to awakening souls.
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