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When the World’s Central Banks Collapse Due to the Reckless Quantitative Easing Programs (& Generally, the Flawed & Inherent Design of Those Banks), will We be Able to Deal with the Lack of Goods & Services That We Have Been Used to?

Sunday, March 8, 2015 11:09

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by onpoint / InvestmentWatch Blog

Isn’t everything BIGGER in America? Compared to many of the other first world nations, we have bigger homes/properties, meal portions, cars, stock market, entertainment industry, consumer shopping centers, etc. America is in fact, Super Sized and we can’t get enough of it!! When the world’s central banks collapse due to the reckless quantitative easing programs (and generally, the flawed and inherent design of those banks), will we be able to deal with the lack of goods and services

that we have been used to? As a prepper, will your desire for BIG things conflict with the need to ration?

Per Wikipedia -

In 1929, consumer spending was 75% of the nation’s economy. This grew to 83% in 1932, when business spending dropped. Consumer spending dropped to about 50% during World War II due to large expenditures by the government and lack of consumer products. Consumer spending in the US rose from about 62% of GDP in 1960, where it stayed until about 1981, and has since risen to 71% in 2013.^[5]

As the Wiki entry and graph show, consumerism has been a staple of American culture

for decades. It has been ingrained in each of us that materialism can make us better, stronger and happier. Indeed, Tyler Durden from Fight Club says it best…

“I see all this potential, and I see squandering. God damn it, an entire generation pumping gas, waiting tables; slaves with white collars. Advertising has us chasing cars and clothes, working jobs we hate so we can buy shit we don’t need.”

**Bad Habits are Hard to Break**

Read more at IWB:

http://investmentwatchblog.com/when-the-worlds-central-banks-collapse-due-to-the-reckless-quantitative-easing-programs-and-generally-the-flawed-and-inherent-design-of-those-banks-will-we-be-able-to-deal-with-the-lack-o/

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