Looks like hard times are-a comin. We have all heard people talking about a coming depression, it is such a prevalent meme….and the economy is built so much on confidence and belief, that even if we weren’t on track for a depression, we might be creating one by destroying all confidence in our economy!
As Obama scrambles to take control of the economy as Bush twiddles his thumbs under his poncho and continues to assiduously secure his legacy as The Worst President Ever, the big question at the heart of it all is….Can Americans continue to consume a huge percentage of the worlds resources relative to its population, or is The Party Over?
When this debacle of greed all shakes out, we still be a society that is based on over consumption? Will we still fill the holes in our lives buying ….stuff?
Will social status still be determined on what car you drive, the price of your designer clothes, and which expensive neighborhood you live in?
How will TV advertising, which drives the lust for “MORE” change when people don’t have any money to spend on unneeded useless crap that they are peddling, change?
In other words, how will the coming hard times affect not just the patently unsustainable American Lifestyle, but how will it change our society….and our mindset, which is so deeply based on consumerism?
And finally….how bad do you think it is going to get, a recession, a deep recession, a depression, or a Great Depression?