There are reasons to be optimistic, even in the face of Obama's attempt to make us more like Europe and his actions to build a Gigantic Socialist Empire.
Well, there are reasons for me to be optimistic anyway. If you are reading this, and like me, you are in your 30s and have acquired some student loan debt, you may be in luck.
First, there is the threat of inflation. This threat is very real because Washington is printing money to pay for the so-called stimulus. Inflation is not good for any country, and certainly not good for America. The results from inflation are devastating for people who have money saved, but could benefit those of us in debt. Especially those of us who are in smart debt. By "smart-debt", I mean debt that is acquired at a low interest rate...i.e. student loans and home loans. In reality, no debt is truly smart...because you are held captive by your creditors. Our current prophets have warned us about getting into debt. But, for those of us who have borrowed for our educations, and for our housing (and have acquired a fixed low interest rate...like me), inflation may be our best friend. We want money to become as cheap as possible. Our wages will rise and the debt will become relatively small. That is, assuming we keep our jobs and Obama doesn't totally wreck the economy.
My hope is that the country won't let him go too far in his socialist agenda. The fact is, if Obama acts like Jimmy Carter Part-Two (or as Rush Limbaugh now refers to Carter as "Obama-One"), then we can surely expect inflation to come in the next few years. By the way, who will be "Reagan Part-Two"? I think a nice fellow named Romney would fit the bill nicely. But back to inflation...
Take a look at the following video:
Glenn Beck predicts inflation
Second, the stock market is finally starting to be at it's actual value. Many economists have argued that the value of stocks has been inflated for years. Now, the numbers are going to become much more realistic. Companies stock will only go up in price when they show real value and post profits. How does this affect us positively? Well, again, it only helps those of us in our 20s and 30s...but at least now we can start to invest in the stock market and expect reasonable growth over the next twenty years. If we had invested in the previous years, we would have taken a bath like the rest of the people wanting to retire. Those folks who were just a bit older than the baby-boom generation got a huge gift these past few decades, especially those who sold their stock or have died by now.
So, for those of you in this tight demographic, you have reason to be optimistic. The main threats that our generation will face to our prosperity is the huge government Ponzi scheme known as Social Security and Medicare. If we face an economy where three or four workers are supporting one retired person, we will really start to look like Europe. This threat is very real and will require that those of us who are producing and working, to organize ourselves and vote in blocs. Only then will we have the ability to keep the AARP at bay. You just watch, the retired people of our parents generation are going to want every penny they think they have coming to them. The AARP will morph into a fire-breathing dragon and will consume our generation's prosperity. It will be our calling to put an end to this perpetual Ponzi-scheme once and for all! It is my opinion that the retired people of our parent's generation should get dollar for dollar exactly what they put into SS whether or not those dollars are worth much in the years they want to collect them! We simply cannot afford to pay them a dividend that adjusts for inflation and collected interest! Unless we start cranking out the baby-making, the strain will be too heavy for those of us left to work in the economy.
More on this later...I almost feel it is my calling to help the work move along to stop these out-dated government entitlements! But for now, at least there are a few reasons for our generation to be optimistic.
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