The American Standard of Living Will Collapse Soon

Monday, June 24, 2013
By Paul Martin

Tom Chatham
Alt-Market.com
Sunday, 23 June 2013

When we talk of our standard of living most people equate that to all of the stuff and the money that they have. They feel that the more of each they have the better they are doing. Unfortunately for most, the last few decades have seen an artificial prosperity in the U.S. with an artificial standard of living. The standard they think they have is propped up by massive amounts of fiat money that can and will evaporate soon.

We have been brought to this point by irresponsible policies created by irresponsible people that seek only to enrich themselves at the expense of the masses. Many Americans have massive amounts of mortgage debt, automobile debt, credit card debt, student loan debt, business debt, medical debt and/or recreational equipment debt.

When the money ends and the people can no longer pay for the things that make up their standard of living, they will lose most of those things and be left with a lot of cheap trinkets made in China, many of which are probably broken already, to signify their standard of living.

When the artificial standard of living collapses into the real standard of living that most will end up with, there will be a lot of denial then a lot of anger. This will be a dangerous time for everyone, especially those that made prudent decisions most of their lives and lived within their means and will still have most of their wealth in tact when it’s over.

The envy that the political left has sown will reap a deadly harvest when this false paradigm ends. Politicians on the left and right are responsible for this mess but it is the social tension from the left that will cause much violence. People that have grown up in a system that taught them they are entitled to a certain standard of living will become violent when the things they were promised are taken away without warning.

Those that have spent wisely over the years and lived within or below their means will remain solvent while others sink in the ocean of debt they have set sail on. Many will not go gently into that good night and will strike out at anyone that they feel has more than their fair share of stuff when everything falls apart. This is the reason many have a plan to leave for more tranquil waters when the going starts to get bad. For those that have made the hard decisions and remain solvent, the coming chaos is a foregone conclusion and they are prepared for that. But what of those that only now realize the danger and seek to prepare for it?

The Rest…HERE

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