The world is upside down right now... Wherever you are on your economic journey you must face one critical fact in 2021. The world faces turmoil because the 2021 global economy works for government, corporate, bank, media, etc but not for YOU.
There is a term in economics which applies to YOU. YOU are being "crowded out" the current structure of the economy. Why?
First. Jobs are obsolete and yet you still dream of the perfect position for YOU. Second. The value-adding system which applied back in 1908 when Henry Ford first used a mass assembly line to make his T model cars has been automated [think AI bots]. Third. YOU are never going to succeed in this 2021 economy unless, or until, you provide unique "use value" to the world. YOU can rarely do that while working for some else - it is possible but rare. Fourth. The 2021 global economy is caught in a debt trap - if YOU are carrying large levels of debt it means that any inflation, or a deflation, cycle can lead YOU to bankrupt status. Both inflation and deflation are embedded in this debt trap because global central banks are printing money in a way that has created debt bubbles in many asset classes. Fifth. Most individuals do not have the mix of education and life experiences that can lead them to become innovative, creative, etc.
Richard.
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