Quote:
Originally Posted by RIJIMMY
wee - I think everyone has been livin high after the boom of the 90s and there was no foundation to support it.
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We are living in a false economy as it's been based on buying stuff and services, mostly on credit. As jobs dry up who's going to be buying stuff or hiring others to do what they can do themselves?
We have a service economy which has nothing to do with essentials. No more manufacturing, producing steel or based on agriculture. These are the essentials.
People want others to clean their house, do their lawns, have their nails done, drive an expensive car, go on vacations they can't afford , eat in expensive restaurants, drink exclusive wines, and so on. These are not essentials. Although some would argue they are.
Essentials are, a roof over your head, clothes to wear and 3 squares a day, aside from those there are few additional essentials.
IMHO the danger is having an economical domino affect as people pull in their buying and service addictions.
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