At the same time that I was meeting and married my wife 30 years ago, I was waking up. I had been sending letters to Brooklyn, questioning doctrine, and through the process I eventually realized WTBTS was all balogna.
I was taught, through my upbringing and the example of my dad, financial prudence. He was a union tradesman. So was his father, my grand dad. So, I always had in my mind a full time job with benefits, regardless of WT BS.
I did secure my trade, and a union job, same one my dad and gran dad had. And my wife eventually opened her eyes. We have a few houses, a fat bank account thanks to not putting a single penny in the contribution box for the last three decades, and a defined benefit (dinosaur) pension, last of its kind.
I helped my wife get some fine education, better late than never, and she has work history, and some pension coming to her also.
My kid went to the U. Got a good ticket, and a high paying job.
We did ok.
... still pimo, but ok.
Actually, I am more a scab than pimo. (So Called Apostate Brother) as I have been active against the Borg from within.
BUT.. it’s not all so peachy for the others of my demographic. The top dog, for example, on our ‘body’ is at a crossroads. He saved next to nothing, he’s old and still working (gasp) as he and Mrs COBE can’t retire. He’s a good example of what I call ‘life implosion’.
I have learned, over the years, that when the dollars stop making sense, things begin to happen. That’s where the buck stops. And the buck is about to stop big time.
For those of you who follow the financial markets, you already know what I am going to say. One poster up the board touched on it.
The US markets are in freaking LaLa land. The cherry on the top of that pile of dung is the repo markets. This is where 1929 and 2008 begins and ends. And the FED has the repo markets on life support and pain killers to the tune of billions per month. Else, the US banking system implodes, lending dries up, margins and mortgages get called.
That my friends, is the proverbial shit hitting the fan. The markets, well they go pop as a consequence of credit dying. The world lives on credit.
And that is where the buck will stop for not just the lowly dubs who haven’t two shekels to rub together. That is where Watchtology stumbles and falls.
How far off, well there’s estimates, and lately, there’s been hedge funds putting their money where their mouth is. I cannot envision an avoidance of financial tumult beyond 2020. Fun fact, the US economy grew 2 percent during the last four quarters, but credit grew TEN percent during the same time.
Its been all well and good for the dubs, they have been able to play their games, pioneering on a shoe string etc. through the last few decades, but the chickens are coming home to roost. Money is drying up fast.
2020 will be an interesting year, for those who have a few drachmas.
For those with an empty purse, not so much.