How long can an empire sustain the false notion that it isn’t due for collapse? The answer is usually until there’s another rising power to call the bluff and send the indebted falling dominator into an uncontrollable tailspin.
I’m sure that the Romans didn’t suspect a thing, up until the minute the battle was lost. The currency was already in the stages of hyperinflation, and the emperor was seeking an evacuation plan – much like a certain German dictator did in April of 1945, fleeing his bunker in Berlin via U-boat toward Argentinian shores.
The sun is setting on U.S. military and economic dominance. It had it all, but allowed a number of rotten apples to spoil the party.
I can go back to the early days of the republic and review the pivotal forks in the road, but I’d rather bury the past and focus on the present and the future. The past is there to be learned from, not to be used as a baseball bat to hit us over the head.
There is no escaping our current situation. We live in a world led by central planners and debt-centered political leaders. Everywhere you look, giant debt bubbles have formed. Students have managed to generate over $1.56 trillion to pay for their college education!
That’s so preposterous that I sometimes shake my head when thinking about the lunacy of it, especially when 90% of these academic institutions teach you NOTHING about the ways of the 21st century. All they do is spit you back out into the system, so you can run in circles for 45 years only to end up as another statistic.
I want so much more for you. Wealth is created when the mind becomes convinced of the lies that mainstream living has engrained in our psyche. While everyone around you decides to spend their 24 hours doing all sorts of activities, you must take a different path if you want to escape the shackles of “positive inflation.”
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The spin doctor who came-up with this term, and convinced a world of investors that targeting 2% inflation is a wonderful reality, deserves an Oscar for best screenplay, a Nobel prize for science-fiction and literature – and deserves substantial prison time for embezzlement.
I have no idea which think tank is responsible for this fable, but I can assure you that the only possible combination of societal advancement is GDP growth, caused by innovation and entrepreneurial-inspired business boom, coupled with price DEFLATION. This makes life more affordable, more comfortable, and far better for the whole. The ideal scenario includes philanthropy by the rich, since they know that a rising tide lifts all boats.
Our education system is a joke. Become your own teacher instead. Study the great works of the world’s most enlightened philosophers, writers, investors, and thinkers. Don’t wait for anyone to tell you to do it. Act on your own initiative.
The mothership is sinking and getting on the inflatable raft involves, first and foremost, understanding that you don’t have to fit the mold society has built. You can create the pattern and be the executive producer of your life.
The world is full of opportunity. We have a disastrous nutritional culture that is begging for entrepreneurs to revive it. Our healthcare system is all messed-up and is ready for a revolution. Our educational methods are archaic, outdated, and useless. There’s immense opportunity for businesses, which will find a way to convince parents to consider modern curriculums, as well as to convince students to opt-out of traditional academia in favor of practical information.
Name an industry and it is ripe for advancement. The trajectory of America isn’t the path you must follow. Average doesn’t cut it anymore, especially when it is projected that 47% of current jobs will be evaporated by 2040.
Get on a lifeboat, or better yet, build your own Noah’s Ark.
Research Partner, PortfolioWealthGlobal.com
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