One way to describe what’s happening in the world, and especially the US, right now is that we’re all learning the value of money. We’re learning it anew if we’ve never known it before, and we’re being reminded of it if we’ve only forgotten it.
If every day feels like Christmas, then you’re not living in reality, you’re living in a fantasy world. If, as an individual or a nation, it seems as if the laws of nature have been bypassed or cancelled, be assured they have not.
Money has value. If the place where you live does not tie the value of its money to a commodity, then the value of your money will vary (inflation and deflation), but it does have value. If it seems as if everyone has more money than they used to and that the level of material things in your culture increases more and more over time, be assured that the books are still in balance and that someone else in the world has less. Imbalances such as that can exist for a long time when defined in terms of a human life (that situation could be all the reality an individual knows), but the day of reckoning always comes.
It is that day of reckoning that we face in the next few years. You prepare for it by acquiring tangible assets, by saving, and by preparing to live without money as much as you can. But you cannot prepare yourself for it fully, no matter who you are how much you’ve got now. You can only do your best and bear in mind that flexibility and learning will be required.
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