The NEXT Bubble:  A Rich Sage Discussion

Yesterday many people breathed a sigh of relief after the US Senate passed a $700 Billion-Dollar “rescue package” — After a quick name change and the addition of $150 Billion *more* dollars made the entire package palatable to over 70% of the Senators.

Only in Washington does $700 Billion end up being $850 Billion.  I just wish making money online was that easy!  With a stoke of the pen not only is money created, but spent.

For some reason it was very hard to comprehend $700 Billion, but at $850 Billion, spent on just the right mix of benefits, it seems easier.  Go figure.  Not much has been mentioned about where the money comes from and how they plan to manage what I think is an addition of about 20% to the US national debt.

That leads me to think about the NEXT BUBBLE to deflate — Any ideas?

My thoughts continue — The NEXT Bubble is…

The “NEXT BUBBLE” has been in the works for many decades.  Not just in the USA, but around the world.  And here it is… For decades politicians have been promising a special group of people born between the years of 1946 to 1964 a lot of benefits as long as they work hard, pay taxes and save a little.  When they enter retirement age, which they started doing on January 1 of this year, I could start to hear that bubble start to deflate.

The bubble that has been growing and growing all these years are the benefits promised to the “baby boomers” –which are now coming due, year by year. Just looking at my mother who is set to retire after working 30 years as a nurse –she’s eligible for complete medical care at the cost of the tax payer.

If you think the Investment Bankers are greedy, just wait ’til the medical community take their turn.  Not that they will “bill to the limit”, but just requesting their “fair share” will lead to a complete drain of those who are working to pay the taxes.

None of this is sustainable.  When 75 million baby boomers go about collecting their “benefits”, it will be a tidal wave compared to the “rescue package”.  When the world’s largest “ponzi scheme” called Social Security in the United States was started there were around 30 people working for every beneficiary.  Now that ratio is down to 3 or even 2 people working for every ONE beneficiary.  Unsustainable.

The problem with all this is that the number don’t add up.  No matter what type of fuzzy math and accounting ‘magic’ is used, economic forces will sooner than later force a reality check.  By that time all the politicians who promised the benefits are off to some sunny place, while the current batch are figuring out how to spend non-existent money, we will be busy as ever working to pay the bills.

So, are there some solutions?  Well, yes.  I’ve in fact setup my UTOPIA COMMUNITY with some of these thoughts in mind.  The idea is not to disconnect from the world, and live in the back woods, but to better understand that throughout history such man-made cataclysms occur *regularly*.  The best way to protect one-self is to be self-sufficient in many ways, low or no debt and being educated about history.

The only solution is more self-sufficiency in HEALTH and WEALTH.

Carpe Diem,
Rich Sage