|
Townhall
Finance...
Assuming the Future
by Bill Tatro
We all know what happens when we assume.
We laugh at the break-up of the word and vow it will never happen to
us. However, in the U.S., the word “assume” has a much broader
meaning which is to “take for granted.” Think about it, every
single hour of every single day we take many things for granted.
For example, just by getting into our car, several assumptions are
made.
We believe the vehicle has been aptly assembled so that it doesn’t fall
apart. It’s presumed the ignition system will fire and the engine
will start. We also think the gasoline has been properly refined
so that it will power the engine correctly.
Upon arriving at the office in the morning, we think the lights will
turn on, the computer will start, and the air conditioning will
cool.
We also go to the grocery store knowing there will be food on the
shelves, milk in the cooler, and band-aids if we need them.
Another “take for granted” is the over-the-counter-medical
business. We know that if we have any minor health problem, or
even sometimes a major one, one visit to the drugstore can solve many
of our issues.
From aspirin to Benadryl and from Neosporin to NyQuil, it’s presumed
that everything is there. But what if we woke up one day and the
basics of life were no longer a given? Imagine if food, energy,
and medicine were no longer there.
What if the makers and providers were no longer compensated for their
products and services and simply decided to shut down just because
there was not enough money? Instead of driving to the grocery
store, visualize going directly to a farmer for milk. And who do
we see for Tylenol?
As we watch the world deleverage from the path of indebtedness, certain
unintended consequences will occur, and are, in fact, occurring right
now in Greece, Spain, and Egypt.
Basic necessities of life that are the end products of a production
chain are in very short supply.
Yes, moving from debt to non-debt definitely has its
repercussions. Thus, as the system breaks down and the central
bankers continue trying to save themselves, that which was once a given
is now a total uncertainty.
Ask any Greek, Spaniard, or Egyptian, is the quality of their life
today as they knew it from the past? As their whole lifestyle,
from medical to energy and food to money, breaks down, taking anything
for granted is definitely ancient history.
As we progress through our day, it’s very important to remember that
even though it’s the good ole USA, we too are built on a house of debt,
and that our day, like Europe, is just around the corner.
Don’t assume anything.
It really can make an….well, you know the rest.
Read this and other articles at Townhall Finance
|
|
|
|
