Going Broke in Style

While the Chinese, Middle Eastern, and Indian economies achieve new levels of diversity based on productive labor, America’s economic charm seems to lie in the misguided and misanthropic measures flowing out of the US Congress at the behest of President Obama.  America is putting on heavy chains of debt, locking it in for decades and giving the keys to foreign governments that have our demise as one of their primary goals.

Where Is The Fourth Estate?

Don’t the successless sychophants in the mainstream media recognize that the Federal Government is following precisely the same path illustrated in the famous (or perhaps infamous) Stanley Johnson commercial?  The Congress and the President have us up to our eyeballs in debt, and it’s debt to the wrong people.

What does that mean for your personal economy?

• It means that money that you have faithfully deposited into retirement accounts is at great risk.
• It means that every penny of debt you have personally, compounds the debt you have as a US citizen.
• It means that the advice you received over the past thirty years is wrong.
• It means the rules have changed, or at least reverted to the more sensible guidlines that allowed our forebears to live and die comfortably without relying on debt-to-others.
• It means – most of all – that those who change their way of creating and managing their personal economies and personal wealth will have a much better chance of escaping the swamp into which our “leaders” are guiding us.

Keep Your Eye on the Prize

Personal economics is like a jigsaw puzzle.  If you don’t know what the final picture looks like, you’ll have a great deal of difficulty solving it.  Americans have lost sight of the end result - creating and managing their personal economies – and have been deluded into thinking that the pieces of the puzzle – investments, mortgages, IRA’s, etc. – are what’s truly important.

The problems in DC and the problems in your household are the same.  The pieces make up the puzzle, but no one piece is the solution.  Instead, we recommend that you find a “soulution” that fits you and your family.

by Jeffrey Reeves MA, EUREKONOMIST

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