We can go on and on about the reasons why we are here, and all reasons do hold some merit.
But if you want to go and find the issue with anything, you must first go to the source.
America has taught us to consume before we produce, just look at our country… we consume far more than we produce.
There are 4 pillars to GDP… personal consumption, investment, net exports, and government spending.
The shocking thing of this all is that 45% of gdp is via government spending. If you guys didn’t know I’m here to tell you that-the government doesn’t produce anything so how can they be spending this much? You may argue taxes but not even a fraction of their spending is covered via tax revenues.
This model here has subconsciously taught us it’s ok to consume before we produce… Funny thing is there can’t be one without the other, this is why we are out of balance and the economy is on it knees.
We all grew up learning how to finance everything. In laymen terms they taught us how to be slaves to debt; which they have built this system on. This is a debt based system! Most of our generations alive today only know this, it’s our duty to educate ourselves on what a debt free system is and how we can remove these shackles.
We also see this behavior is encouraged by the Federal reserve, by putting interest rate near zero and making borrowing cheap. This incentives individuals to take out loans and spend rather than save. Higher interest rates encourage more savings and less debt, but they know if they raise rates this economy will come tumbling down, considering we cannot even service the low interest rates we have now…Subliminally they are incentivizing immoral financial habits for those who may not be savvy in this topic by doing what they are doing with interest rates.
During the golden age of America we knew how to save and invest which has shifted to spend and borrow.
One thing we must always remember is there is not one without the other, and this can be applied to all aspects of life.
Without death there isn’t life, without up there isn’t down, without sad there isn’t happy and so forth… Now you see what’s wrong here we consume without producing, this economy is out of balance and it’s time for a shift in power… hopefully back to the people.