A Sincere Message To My Foolish Friends
My fellow sheep, as your most prolific blogger it is now time for me to post this as the time is upon us...
For years, I have been warning you to prepare, not fear....and for what?
The transition from the Industrial Age into the Digital Age......what will likely be one of the most significant advancements in human history.
Most Fools, and people for that matter, filter life through their past experiences, and in America's case, the most prosperous industrial democracy the world has ever seen. We built our entire society around the industrial age including our laws, the manner we get compensation, and our social systems and living styles.
For a prior example of a radical shift in lifestyle was America's advancement from the Agricultural Age into the Industrial Age. For the most part, the shift was easily accomodated by our nation as most advancements led to more employment.
The Digital Age could be very different, where advancements actually lead to less employment. That is not necessarily a bad thing as long as we adjust.
Further, our laws, method of compensation, property rights, and governmental structure is geared and scaled to a prosperpous industrial society.....unfortunately that system really started to head South about ten years ago so we created the illusion of prosperity by loaning our society over $30 trillion dollars in a ten year period....more than our nation borrowed since its founding.
With loans comes a lot of issues....collateral, mortgages, interest, income, assets etc.....where things got sticky is where loans became the primary product of our economy driving everything else...especially if you factor derivitives.
At some point, and it appears that point is nearing, in a Digital Global Age, you simply can't lend to one population and not others if you truly want to grow the world....further, the world can't consume like Americans and Europeans or we would pollute ourselves to death.
It is clear, over the past three years the bankers have instituted a policy to systematically impoverish the Western nations citizens. The process began by indebting the populations and govenments heavily at low rates, then raising interest rates massively in a short period of time, and then cutting off credit to a credit dependent consumption economy.
As a result, much of the economy crashed and consumption slowed. Since our nation became dependent on massive government spend to function, it seems a deal was struck last year between Congress and the bankers to extend credit to government in exchange for bailing out the banks.
The citizens....well, they would have to adjust....and as was very foreseeable, many are having a hard time adjusting to austerity as the bankers and politicians party draining out what few dollars are left from the Industrial Age.
I am often asked what should you do....responding to that question is very difficult because few of us know what government and the bankers have up their sleeves nor how the populations around the world are going to react to the transformation into the Digital Age.
Some say buy gold, others a gun, more say grow your own crops.....all viable choices in an uncertain world.
What I think you can clearly expect is for major convulsive events to galvanize people....events such as natural disasters, major conflicts, and economic turmoil. This is not conspiracy stuff, simply probablilities without any special insight into any particular one.
Our laws and our methods of compensation is geared to an Industrial Age...so are our education and health care systems....these are key drivers of our lifestyles and goals and aspirations. Tranforming into the Digital Age will be very convulsive because your current paradigms of what is "normal" will shift racically going forward.
Imagine if you were a video retailer....or worked in a bank branch....or delivered mail....or a school teacher....or even a fisherman in the gulf....
Anger, frustration over oil mounts along the Gulf
If you think about it...much of what can be done in America can be done equally well, or well enough for a fraction of our cost overseas.....as a result many of our jobs are being shipped overseas.
Now our tax receipts are evaporating as our industrial economy net contracts....our economy is no longer large enough to sustain the Industrial lifestyle many Americans are accustomed. Most of our assets are focused in the Industrial economy and comments like everyone needs to eat, or everyone needs a house, or household formation is growing are irrlevant in a Digital analysis.
Right now, government spending is the primary tool holding together the Industrial Age perception by the populous.....but that spending is based on a fraud and being arbitrarily distributed by politicians sure to get adverse reaction by those not on the receiving end....a very different process than what built America....the productivity and merit rewards of a strong private sector economy.
Stress is rising around the world as the citizens are getting upset at the fact that bankers are getting bailed out and citizens are being forced into austerity. If enough get angry enough...then entire nations and economic systems can fail.....such events are no longer remote possibilities based on current policies and current trends around the world.
When we bailed out bankers and NOT citizens...we knew we were near the end....who could have dreamed that the sheep would take over a year to figure it out. By only bailing out the banks and not the citizens, the economies would slow to such a degree that we wouldn't be able to sustain our current government and lifestyle without massive government borrowing and spending.
In a digital age....you can't have such disparities between nations when all nations will be contributing more equitably to world development....the greatest impact will occur here....we are the most industrialized and entrenched in a system that will have little resemblance to what lies ahead.
Hang on...the Digital Age is upon us....it will be exciting.