When I was a kid back in the 1950âs, most women didnât work. Americans maintained their standard of living by putting a second person to work. When that was expended they made up the difference by going into debt and, eventually, they used their homes as cash machines. Now student loans total more than $1 trillion. I just donât see where the consumer demand is going to come from going forward. You canât get blood out of a stone....
I think living standards of most people in the world, particularly in the West are going to decline precipitously. The Federal Reserve recently reported that the net worth of the median American family has fallen nearly 40% since 2007 after adjusting for inflation. Before this all plays out, I think the percentages are going to be far larger.....
http://www.financialsense.com/contr...bry-on-gold-silver-currencies-and-commodities
I think living standards of most people in the world, particularly in the West are going to decline precipitously. The Federal Reserve recently reported that the net worth of the median American family has fallen nearly 40% since 2007 after adjusting for inflation. Before this all plays out, I think the percentages are going to be far larger.....
http://www.financialsense.com/contr...bry-on-gold-silver-currencies-and-commodities