Many of us are aware that our economy has been artificially propped up in order to avoid the “necessary pain” of the contraction that is required in order to correct our markets. (This is of course the pain that must come to those of us who are still employed. The unemployed masses have been feeling the pain for some time already.) It’s the simple scenario where things have been too good for too long, and yet the payback remains unresolved. The longer we postpone the payback, the more decline will be needed to achieve balance. The Federal Reserve Bank has kept interest rates near zero for nearly 18 months already, with no end in sight! Hyper inflation may be inevitable.
The following link is to a new documentary produced by National Inflation Association called “Meltup”. It runs about 54 minutes, so be prepared for the long haul if you choose to watch it. According to these folks, if only 20 percent of us were to change our spending / purchasing habits, we could make a real difference in helping our economy begin the rebound.
http://inflation.us/videos.html
This video has already received more than a quarter million views since released on May 13th. I hope you’ll take time to watch it also, as preparation is the key to financial survival. This is my personal post and does not represent the consensus opinion of the Project.
Valerie
