Yup. These financial times are pretty ominous. Stock markets crashing, gold fever bugs crawling everywheres, and a plethora (myriad?) of complete idiots doing absolutely nothing about it. Its like "Surprise! years of foolish spending and debts have [dum-dum-dum] consequences!". I am amazed. Not.
So, what does this mean to the average 'Joe [or Jane] Poor' (not to be confused with Standard & Poors). I'm talkin 'bout those without thousands in savings and/or IRAs, or disposable income, etc--the average poor bastard, living the austere life?
Well, first off, there's the insidious inflation effect on everything to subsist upon--you know, frivolous things like groceries and gas (which are 'disallowed' in the new government figurings, as a means to measure inflation [go figure! WTF?]). Buying power of the Dolla is rapidly shrinking due to QE, and resultant loss of confidence in the US, world-wide. One must generally do with less--a belt-tightening, if you will.
Next, decreasing services and entitlements. Yes, the Post Office is going broke, and you WILL be paying more for luxury items like health care and medications, as well as stamps (do people actually use the mail system, or is it totally a business-thing-only? really? If you use this system, just ¡Stop it!). The 43+ million people sucking off the governtit may have to start eating hamburger helper and buying generics in the supermarkets, as food stamps, free lunches and after school baby-sitting programs might be cut back. Wait...I thought there was no such thing as a free lunch <sigh>. What will we do? Hmmm... just what did people DO before these programs started redistributing wealth--uh, I mean...
For sure, there must be huge cutbacks in defense spending, and bailouts of european countries, [our] banks, etc, will have to cease. Whadyamean uhn-uh? Global policing and/or imperialism will be curtailed. Wait a minute. So, how does this affect Joe again?
There will be a paper shortage, likely from the excessive quantity of phony bills coming off the presses back in the so-called 'Treasury' Dept. We might be paying more for our TP, as a direct result! Frightening. Simply horrible. Whatever happened to the so-called 'paperless office', BTW?
There will be huge job losses and our manufacturing base will disappear. Wait! Wadyamean that already happened? Shit--how insidious! People will be on unemployment for two years or more, or for as long as they extend it. Who pays for this stuff, anyways? Shit less, cuz there's that paper-shortage thing again...
Politicians will blame it all on anyone and anything but themselves, but end up kicking the can to the next generation, so, what the hell? I blame us, for letting them do this shit, leaving Joe Poor even mo' po'. Even if we default, devalue, get further downgraded, or whatever, there will be paper flying everywhere for as long as [stupid] people accept it as payment.
The gist of it is, Joe Poor will have to get by on even less. But there is a limit to how long this continues, and the survival mode kicks in. That IS scary. Surprise! Soon, Mr Po will be rioting and looting like it's London or something; coming SOON to a large city near you...
[edit: 10/7/11--√out this video...]
My advice: Stock up a year or more of canned goods and imperishable food packages, and LOTS of TP, cuz the feces are about to hit the fan. buy lots of gold and silver (yeah, right--Mr. Po has no dough), cuz nobody is gonna accept that TP in your wallet very soon. Might get some more ammo, too.
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