Is "paycheck to paycheck" becoming common way of living?steemCreated with Sketch.

in #busy6 years ago (edited)

Markets are wild. The real economy is weak. Tensions are high... What's different about 2019 is that - this is a contraction phase!

Yet, the mainstream media and the propaganda they force-feed the public, is never-ending. I guess, there's nothing really new about that. 2018 was a warning to investors about "what drying up liquidity brings" and it's only a matter of time before something snaps.

If you're looking at charts, if you're looking at statistics, sometimes it doesn't make sense. But when you start to place everything together, that's when the bigger picture is drawn for you

More and more individuals cannot keep up with their expenses. It's a matter of fact, no matter where you are looking in the United States, Canada, areas of Europe and Asia and basically everywhere. Today the cost of living is too high.

That's because individuals don't get paid enough and by increasing the minimum wage you're gonna fix the problem? ........ No wait a minute it's universal basic income that's the problem right?

No! What we need today is to realize the underlying problem and that is central banks. Central banks have caused this dislocation in between reality and what you are seeing. When you look at the central banks and what they do they devalue the currency every single day. They make it impossible for you to save money. They have decided that this is the way to go and so you have problems that pop up all over the place and every time there is a contraction things get worse.

Parts of the world are suffering in some ways simply because the expense is being set too high. The taxation is ludicrous today. And what is the government doing? Well, nothing to fix the problem. Of course, they don't want to do that. They apply more taxation and they try to make things more difficult. As a result, the problem only gets worse. As expected we keep hearing this falsehood about how well the economy is doing - about all of these (low paying) jobs, about all of the success that businesses have today.

The central banks, including the ECB, prefer to point out that inflation remains too low. They justify insisting on a record low base interest rate. However, they do not say that we have inflation when we are talking about rising cost of living in terms of wages, growth in health insurance costs, rising rents, growth in the value of all assets in which the wealthy invest cheap money, to which they have access through central banks.

What I want to say is....just watch what are you doing with your assets, your money - in 2019

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This the best post I read in many months. Many people don't realise that the system is not going to save you from financial misery. Cost of living will probably be rising even more. Its hard. Its very hard indeed. I hope we can generate enough wealth to escape the slavery of the economic machine. If people stop relying on the system to guide them then there is hope.

Thank you @si93boxing for your comment. I like your way of thinking. I have been chatting to quite few people in 2018 here on Steemit who exactly know what is going on. And there were few who just wanted to know more about economics and how everything works and what will the future bring (that's the hardest question to answer, as no one really knows what will happen tomorrow.... ). But if you know how to think out of the box, that's already a big move. You are in right direction. maybe you can check my recent posts too. I wrote a lot about problems in our financial system. Cost of living is always the same :) But we feel like it's more expensive because FIAT currencies are worth less and less every day. So we have to work more to keep our way of living. Taxes are higher every year, currencies are worth less and less and wages are staying almost the same...

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