Right now as I am writing this article, it is the First Quarter of 2010. In the event this particular article finds its way to the top of an electronic time capsule at some point in the distant future, where the world might look like something out of a science fiction movie, then you now have a frame a reference to go by.
The whole worlds economy is in a bit of a turmoil and as a consultant, we have not see the level of past due accounts, accounts going to collections and basically the large number of individuals that are hurting financially.
In fact, another major layoff just happened in my region. An aerospace company had just unannounced, laid off 1,000 people.
After discussing these issues with a financial advisor with over 30 years experience in the financial services industry, sold a bank in the 80s and was involved with a number of partnerships, I had gotten a bigger view of what is going on.
He himself had faith in our abilities (both in The United States America where I live and abroad) to pull through, however, he stated that the only nation that was really doing well was New Zealand. And further there is concern that we may, in the USA, have to ‘Inflate’ ourselves out of this Economic Crisis.
The method of which the inflationary process would have to take place is simple: Print more money or ‘borrow from ourselves which obviously has already been done, and done too much. Now with that, it was pointed out that the last auction for Government Debt of the USA was actually purchased, not by foreign investors but by entities that lead straight back to the Feds.
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Over and above that, as for the USA, we’d have to invent something quite revolutionary, bring back all of our manufacturing or something similar.
Obviously there are very great concerns around the world and the USA is just one country. But right now there is not a lot of faith in the USA’s economy by foreign investors. A website: http://www.EconomicSurvivalStrategies.com goes into some greater detail on the issues of our day, has blogs related to the same, and can provide greater insight as to what we are dealing with in our Global Economic Downturn and the various Economic Cycles we have to go through to get out of the obvious recession we’re in.
The aforementioned points are altogether one thing, but we really have to look at a very important point: The survival of the people.
As there is a trickle down effect with Economic Trust each of us have for another in life, the actions (or inactions) of leadership, lack of proper Government control, lack of proper enforcement and even financial accountability of major business leaders has caused the lower and middle class a rather high degree of stress. As it stands now, in the USA, the only people that are doing well are the rich individuals and currently there seems no real end in sight to the economic issues that the major populace is now facing.
I would suggest that we all live very conservatively and wisely. Managing our money, resources, relationships and time extremely well. Get back to the basics of life. Eliminate debt and keep it eliminated. Down size, as necessary and save. Not ever forgetting to be generous and kind to fellow human beings as we are all in the same struggle.
It is looking like it is going to be a long time before things get corrected and the whole Global Economy goes through the necessary corrections and leadership actually does something that can aid in the resolution of the major concerns that got us in this mess to being with and can get us in it again. I personally see no way leadership in Government or Business can really help except be honest, doing right things, making sure there is ample employment spread around to individuals that need and can offer services, as well as simply not being greedy. The rather ridiculously high incomes that even Government Representatives make is quite unsettling. Even in business, out side of philanthropic uses, I do not see what such high incomes are good for or how necessary they are. Such incomes can simply lead to more greed and a distorted perspective on what really needs to happen.
I hope that this article has provided some brief insights as to the current status of the Economy is, where it may be going and some reasonable steps we all can take (I do mean ALL) to assist in the gradual correction of the Economy.
Tags: aerospace company, due accounts, economic crisis, economic survival, electronic time capsule, foreign investors, government debt, layoff, science fiction movie, survival strategies