This is the day of the Superbowl and as I watched the festivities of the day and thought about the countless parties going on all over America I had some thoughts about economics in The United States that I wanted to share. I have covered so many radio broadcasts here at the OW over the years that I have moved on to new ways of communicating just to avoid redundancy. For instance, when Darryl Parks covered two years ago the coming financial crises in America, he was talking about the time we are currently in. CLICK HERE to revisit that broadcast and compare that broadcast to this new one done on 700 WLW during the first day of February 2013. A lot of ground has been covered between the Darryl Parks broadcast of a couple of years ago and this recent one, but the scope of the problem is very accurately displayed for even economically naive listeners to understand. Have a listen:
This financial crisis is the paramount topic of our day. The state of our economy is changing rapidly and soon many of those who thought that finance in America was an impregnable fortress will soon learn what epic failure and a commitment to socialism has done to us all. With student debt collapsing our economy as we speak, the old idea of retiring at 65 years old off a nice pension and other government driven revenue is gone forever. Instead Americans in their mid-40’s on down will have to face a new reality for financing their lives and the luxury of one income to handle all their affairs just won’t do.
In my own life I have begun writing books to help fuel my own later years with additional sources of personal income, because the old traditional model will become obsolete in the coming years. With the collapse of the American economy so to will the idea of working one job for eight hours every day go away. In the future it may take 3 or 4 jobs requiring 10 to 30 hours each week to commit to, and that is the result of the massive plundering that has went on in our nation’s government.
College will not help fix this problem; it has only made it worse, because our education system has saturated the marketplace with too many employees trained in skills that do not have revenue generating potential. The best jobs for college graduates are government jobs, because the private sector has not been able to sustain government intrusion and preserve profitability while maintaining the financial promises of a university degree. Unions also won’t help, because like colleges, they have improperly skewed the profitability of their enterprises with redistributive wealth reforms that have had the opposite effect of their intentions. Just a quick glance at the economic viability of Detroit, and the state of California provides all the proof one needs to predict the future of economies driven by these forces.
What this means is that a massive exodus of tax contributions is about to hit The United States government and they are not prepared to deal with that grim reality peacefully. I recently spoke about the cost of high taxes pushing people out of their homes. An empty home does not contribute taxes to a school district, or a police department, or those beloved firefighters embedded into our minds as heroes from the Fisher Price toys we played with as children. When citizens can no longer make money off their jobs or own property, there is nothing for government to tax—there is no way to steal the money away from the citizens—and the government will go bankrupt once people lose the will to participate. That will is quickly disappearing.
A failure to address these issues back when Darryl Parks first did his broadcast with Porter Standsberry has caused this current crisis to impact the lives of millions of families, and that is just the tip of the iceberg. I put this recent broadcast up today so that a trend can be seen by the intelligent reader/viewer. These broadcasts are more than doomsday entertainment, they are more than skeptical speculation; they are quite real in their announcements of economic disaster. I believe that the downward economic trend is unavoidable and those who will survive are those who adjust their lives to these changing conditions. The keys to this new survival are to keep student debt down. Keep credit card debt low to non-existent. And do many things for a living—not just one specialized thing. Avoid high looting taxes because with every tax dollar you throw away to government, you will have to work a part-time job or two here and there to cover the cost of those taxes. Keep it simple and stay out-of-the-way, because things will get ugly before they get better. And most importantly, think like a “producer” not a “consumer.” Conditions will get ugly because too many people are in denial of the present state of affairs, and refuse to acknowledge the true economic status of The United States. Take broadcasts like the one done on 700 WLW and cherish the information, because failure to act will lead your family down a dark path that will most likely end very poorly for all involved.
Enjoy the Superbowl. Hope your team won. Depending on how you answer that will determine your ability to avoid trouble in the coming days.
Rich Hoffman
“If they attack first………..blast em’!”
The Overmanwarrior 