Newminimalists use debt sparingly.
Most of us are struggling to understand what is really happening to the world around us in 2020. I feel lucky because I live in Prague in the Czech Republic. I got lucky five years ago when I moved here. Unemployment here is low [lowest in EU]. Wages are low. Money flows are slow. Here the money flows have not really been distorted by the Coronavirus pandemic because the citizens here are very self-sufficient. For example, they make their own face masks, clothes, etc. It is an old style of living that is only loosely connected to the modern system of money flows. Debt is not the most common destination for Czech money flows.
Debt is where money flows go to die in 2020. Government debt is booming while the money flows around the global economy shrivel. Student debt is growing while graduates languish in pools of under-employment. Healthcare debt is matched by long lines of patients who are waiting for the surgical procedures they need to live without mind-numbing pain. Bank induced debt is behind the closures of retail and other service businesses that have been around for most of this Century. Debt is held as a bargaining chip by corrupt and evil people in positions of power and influence today. Debt, debt, debt, and even more debt.....
Follow the money is the common mantra for those who seek to understand criminal organisations. For instance, that mantra became a huge asset for those who sought to bring criminal charges against "the family". Of course there is a new "family" running your life today. This family goes by a variety of names today but the nomenclature is less important than the patterns of money flows which they control. If you follow the money you will reveal many tight links between unexpected allies. These allies appear to us all as independent actors when we view them through the portal of social media, news reporting, and general commentary on the issues of the day but all that is a mirage. These people control the money flows of the world through the leverage of their debt machines.
Perhaps you need to "follow the money" as it relates to your debt crib if you are to truly understand the impact of the 2020 global crises on your life. Furthermore. You may like to reduce your debt so you can disentangle yourself from the worst outcomes that will befall those who are indebted to the system [as described above]. If you are "debt free" you must know that you are still vulnerable to the implosion of the system that has begun to shakeout all around you. However. If you stay on the sidelines of the 2020 debt trap that is devouring your friends, colleagues, and familial you will be well placed to borrow in the future. For example, in 2020 you might create a start-up that is "debt free" up to the point when some form of commercial loans is needed to expand and to sustain it.
Richard.
Please leave a comment here so others can gain from your experience of surviving in 2020. You can contact me via direct messaging or email at minimal-you.com
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