My Instinctual Feel on the Economy of USA
My Instinctual Feel on the Economy of USA
I for a few year have felt nervous about the way the world views money, investments and their future. It feels like a gnawing thought trying to push it way to the surface of my mind.
There is something critically wrong about the way people spend money.
Wednesday, September 17, 2008Blog of Andy HoboTraveler.com
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The majority of people appear as if they had 100 dollars in coins walking around in casino full of slot machines, because they have the coins, they fell they need to spend them.
I used to think up until a couple of weeks ago, that the majority of people budgeted their money and used it wisely. I now believe the whole herd of people spend all the money they have, save almost nothing and when they invest, it is only with the dream of becoming rich.
Money is meant to be used to enjoy life, however this paycheck to paycheck lifestyle is really boring.
I live inside a tourist bubble, I see the spending habits of people, I rarely see one person who says no to any purchase, people do not have the abilty to say no.
Hmm, trying to think of a good example.
Maybe this is a good explanation, I am often in Airports, there are many people walking around who maybe are hungry. I would say,
“The food here is too expensive.”
They would say,
“I have to eat.”
I would say,
“No you do not, you just think you have too.”
There is no ability of normal people to budget, if they have the money, they will spend it whatever the cost.
The USA economy presently thrives on the people on a constant splurge, no restraint of their spending, just buy anything and everything they get near too. This is a fragile economy, one good panicky moment and the whole house of cards could fall down. The USA needs it people to spend money like there is no tomorrow, or maybe there is no tomorrow for the economy.
Willpower in life is not about doing something, it is about not doing something.
If people do not work, they go spend money, there is no way the world can go travel for months or years, they would spend all their money too fast, therefore they are doomed to work by the sweat of their brow for the rest of their lives. Then retire and live from pension check to pension check until they die.My Instinctual Feel on the Economy of USA
see the whole thing is a world full of rucksack wanderers, Dharma Bums refusing to subscribe to the general demand that they consume production and therefore have to work for the privilege of consuming, all that crap they didn’t really want anyway such as refrigerators, TV sets, cars, …all of them imprisoned in a system of work, produce, consume, work, produce, consume, I see a vision of a great rucksack revolution thousands or even millions of young Americans wandering around with rucksacks, going up to mountains to pray, making children laugh and old men glad, making young girls happy and old girls happier, all of ‘em Zen Lunatics who go about writing poems that happen to appear in their heads for no reason.
Hmm, I would rather have consumers of junk than people who think they are enlightened or the chosen.
I look for balance.
Face it, not everyone can or wants to live a vagabond life. Sure it sounds inviting, for a while. But traveling around the world for 10+ years may be too much for most people.
Some would shrivel up and die without their jobs. It's how they define themselves.
As to spending money I'm sure you are familiar with the "Guns and Butter" theory. Well Americans have been sucking up to the butter pot, borrowing money to do it.
Time for a correction was long overdue.
I maybe tempt people to travel, however I strongly discourage people from traveling. I do know however that many people who read my blog are in some level of planning to travel. The bottom line is if you are a person that lives from paycheck to paycheck forget the idea of travel, not really possible. If you are a person that can save money, keep it, hoard it, and will fight to keep it, then you can travel.
This is travel blog, my travel blog, I just outline what I do, I truly HOPE and PRAY very few people follow my path.
I do hope they start to use their brains and plan for the future. I truly expect the 401k, Money Markets, and other Retirement Hopes to take a beating soon.
Funny, just after I read this blog post, I read about a guy in the newspaper, a son of a Bishop in fact. This Bishop son borrowed 10 million dollars to spend on gambling on internet casinos. He lost all the money of course.