muses of the moment

June 21, 2009

A Shift in Thinking

The current economic crisis is unlike anything this generation has experienced. It will require a shift in thinking.

Chris Martenson makes it his mission to help the baby boomers with that shift.

Listen to this wise sage:

What next?

My purpose in writing about the true source of material wealth and the impact of baby boomers on stocks, bonds, and housing prices is to prompt you to seriously consider the possibility that the economic activity of the last few decades is misleading. 

It is this disconnect between “how things were” and “how things actually work” that led me to make serious changes to my life.  It formed the basis for my deeply held belief that the next twenty years are going to be completely unlike the last twenty years.

If you are like me, your beliefs about “how things work” were shaped during an anomalous period which will not soon be replicated in our lifetimes – if ever.  It comprised a unique combination of demographics, geopolitical circumstances, a politicized Federal Reserve, supportive energy supplies, and corporatized media better suited to reinforcing consumer beliefs than delivering essential context.

In my estimation, this marks the beginning of a great leveling of expectations between what we promised ourselves and what reality can deliver.  We are in the opening stages of a grand play with many acts and even more plot twists.    

I intend this piece to give you one more tool in your toolbox that you could use in your discussions with your financial advisor, spouse, friends, or with whomever you regularly discuss our future financial prospects.

The final act in this play, I suspect, will be the destruction of the dollar, along with many other fiat currencies, as stores of wealth.  You still have time to begin maneuvering your wealth out of fiat (paper) currencies and into tangible expressions of wealth, but in my experience, most people won’t, until and unless their beliefs are in alignment with the necessary actions.  For most people, most especially me, sawing at the rope that anchors our beliefs in the past is a slow process, with progress being measured by the breaking of each individual strand.

 For Chris Martenson’s “The Great Asset Bubble” complete article…visit his website.

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