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It’s so hard to get a read on the financial status of the nation moreover the average American. It would seem that ‘we the people’ enjoy spending over and above our budgets just as much as our federal government.
That is a problem that many Americans are dealing with today. Nearly half of all Americans have less than $500 in savings. That is an incredible stat but one that we can learn a lot from.
Outside of the average American’s situation, what is going on with the stock market, GDP and America’s influence around the world? Who has the time to keep up with all of that?
One thing you can rest your hat on is the fact that no nation or civilization can exist in a growth phase forever. We cannot create growth and prosperity forever. It’s just not possible because our planet is limited.
What happens when resource wars begin to break out amongst countries who don’t have the pull of superpowers. When clean water and food become something to fight for, we will know trouble is coming.
Still, with competing countries and a massive debt of over 20 trillion dollars, America could slip into a great depression, as well. We have seen this happen in pockets of the nation.
Are you ready to deal with something even worse than the financial crisis of 2008? It’s not a fun thing to consider. Putting away $5,000 just in case of a collapse is not something many people are capable of doing. Though these are types of preparations that most would recommend.
How about 12 Lessons from the Great Depression. Maybe the best way to be prepared for the coming depression is to study the previous one. We have the benefit of history on our side this time. Let’s not walk blindly into a disaster that is not even 100 years old.