Events are strange, I recall the "80s farm crisis" I thought "farmers will be gun shy going in debt again" I couldn`t have tea the tea leaves more wrongly. The stock market crashes, some nervous Nellies do cash out, but ultimately more suckers always come in and push it to even higher levels.
Admitting that you are a socialist is far from the political kiss of death these days over 43% of Americans agree with you. There are other examples of why "this time is different" not that I like people not getting their hand burnt touching a hot stove, it`s just I have 3rd degree burns all over my body just waiting for those touching the stove to get burnt 🙂
https://medium.com/illumination/in-2030-youll-own-nothing-and-be-happy-about-it-abb2835bd3d1
snip:
1. “You’ll own nothing” — And “you’ll be happy about it.”
That is an adamant one.
Since the early humans, we wanted to own something; either a cave, a land, a flock of animals, tools, furniture, a house, etc. Humans wanted to own, like how animals mark the borders of their territory. Perhaps, this is an instinct we cannot resist. It gives us the feeling of security and stability amidst the volatile, unclear, complex, and ambiguous life characteristics. Owning is like leaning our back to a stone when fighting with an enemy. We avoid our basic fears and create a comfort zone.
However, since the end of the gold standard and the start of a global money printing experiment at a global scale in 1971, while strengthening the USD`s global reserve money status, citizens of the world have become the victims of an endless debt cycle. In this system, you can print more money than the amount of gold and silver in stock, which creates inflation and more debt. The lands, mortgages, and other financial tools gave you the riches of the old kings and aristocrats but at the expense of stealing your freedom. The current system created economic slavery, a different version of the post-Renaissance slavery that came with the colonization of underdeveloped cultures and nations by the technologically and financially developed countries. The more you buy with debt, the worse and longer slavery is in modern times.
This 2030 prediction pointing to the end of ownership means buying everything with more debt.
Moreover, if everyone will rent everything from homes to furniture, computers to clothes, there will still be some owners of these goods and services. They will surely be the giant corporations that exist today or will be a part of our lives soon.
What if they do not let you rent anymore or increase the prices?
What if you have to sacrifice your freedom to improve your credit history to continue renting.
That new system could quickly end up being a control and manipulation strategy to create a new wave of unconscious slaves who should act like good boys and girls to buy what they want. Is this not like the continuity of the Medieval Age`s feudal system?
Think about this. Would you want that?
