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.
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.