Change How You Think

Here’s where we’re at. Ever since the 1990s tech bubble, the world operates as if stock markets were never meant to drop. That’s the seed of our collapse.

You see, in a healthy society of honest people trading with one another, a financial bubble is painful for some, but ultimately it flushes the system—and gets things back to normal, in the same way that a farmer burns a corn field after a harvest or a forest fire makes new growth jump from the ashes.

After the Fed monkeyed with the interest rate dial after the dot-com crash, bringing benchmark rates down to 1 percent, we didn’t get healthy renewal, just a real estate bubble that soon imploded in tandem with the October 2008 market crash.

Now we face the consequences: U.S. dollar decline. Plus, we’ll see still more bailouts, outright frauds like MF Global, and plenty more zero interest rates. Thus, those who save for a rainy day will continue to be punished—except if you move your money around right now.

Were these consequences unintended? Well, we won’t go all conspiracy theory on you today, but we’re not surprised by the acts of the powers that be.

They like to prove that they’re needed—by you and by me—it’s the only way to grab unprecedented powers, enact legislation that continues to benefit their friends far more than they benefit the average struggling taxpayer who wants to retire happy, and, heck, still loves this country despite the problems it faces.

But there’s every reason to end our exploration ...

Get The Little Book of the Shrinking Dollar: What You Can Do to Protect Your Money Now now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.