The New Normal, Resilience, Reinspirement

If you believe that the Great Recession of 2008 is a thing of the past, you have taken as gospel truth the September 9, 2009 CNN report telling the world that a group of economists had agreed the recession officially ended June, 2009.

So which is it?

Welcome to the New NormalA recent official pronouncement of national-economic wellness measured success as the Gross Domestic Product (GDP) of 3.9% for the second quarter of 2014. But, as usual, the all-important other half of the equation was never mentioned: 18-trillion dollars of debt (oops!).

We see the horrible, destabilizing effects the Great Recession, aka the New Normal, has visited upon our friends, family and colleagues. If money were not (but is) the product of a private, central-bank monopoly based on the growth of debt, economic recovery might indeed be forthcoming. Nothing short of ending and replacing systemic money mechanics making the rich, richer, and the poor, poorer, can change this twisted dynamic. The problem is that since the 1% at the top of the financial-food chain benefit obscenely from a dysfunctional monetary system, the prospect of replacing it any time soon with a more equitable one is somehow hard to imagine.

All the while, the financial sector powers-that-be glean additional time to transition to and automate more global systems. Make no mistake, casino-type upgrades are not just for your convenience; they have been designed and implemented to ensure the ease of payment transactions from your account to theirs.

Then there is the issue of if and how one is to retire in this economic environment.

Laura Rowley, in her article, “Why Post 50s Aren’t Saving Enough For Retirement,” confesses how Baby-Boomer spending (including her own) has changed measurably due to the skyrocketing cost-of-living and “flat” incomes. She cites a study by the National Center for Policy Analysis in which the solution proposed by the study’s author is “a change in federal policy so that individuals can contribute as much to an Individual Retirement Account (IRA) as they possibly can to a tax-deferred 401(k) plan.”

Ha! Such a solution depends entirely on the  growth of personal incomes and the stability of the national economy, which is not happening. So until it does, changes in federal policy amount only to rearranging the chairs on the deck of the Titanic.

Real recovery? It’s entirely personal, totally possible, and requires willingness and resilience. That is, the willingness first to “unlearn” what you’ve been led to believe about money and retirement and then resilience to boldly step up outside the New-Normal way of thinking. Time is of the essence while, like a snowball rolling down hill, the national debt compounds exponentially, eating further into whatever national equity may be left as it does also eat into your household-spending plan.

Your mission, should you accept it, is to immediately update your financial IQ and seek additional avenues for long-term cash flow: revenue streams capable of growing faster than that down-hill snowball of debt. With the spirit of Reinspirement™ and pro-activity, there is no reason not to thrive in the near future and into your later years. It’s just that it is up to you to figure it out.  Get a grip on reality sooner than later for the best chance at enhancing your assets, and perhaps more importantly, your quality of life.

One Response to “The New Normal, Resilience, Reinspirement”

Read below or add a comment...

  1. Robert says:

    Wow, Susan, you really nailed what the “new normal” means. It’s shocking to realize what is waiting down the road and that there are zero signs that anything different is going to show up soon. You have been watching this economy for 30 years now and the road has not taken any surprise turns from what you have been describing. The solutions you prescribe have proven to be solid and sober and a sane response to unsane economic policy.

Leave A Comment...