Chapter VII

Conclusion

Between now (spring 2007) and the next 5 to 7 years the course of the US economy will be a bumpy one with the general trend downward. Outside economic pressures like foreign oil consumption and trade imbalances will continue to put pressure on the US economy. The middle class will continue to shrink and housing markets will be in an overall trend to lower prices without interest rate intervention. After these 5 to 7 years is when the social security entitlements will begin to pick up and the US debt will grow rapidly. Capital for US and regional investments will continue to grow scarce. The silver lining for the US economy is that the outside influences will put pressure on the economy, but will not push the US economy into a deep recession. In part, because there are other interests that need to maintain the economy and housing prices so that they can capture profits from higher medical costs.

History can repeat itself or the human experience can, for the first time in the history of the human civilization, charter a new course both socially and economically by raising the worlds’ standard of living to move beyond the challenges that exist when the most basic of needs are not met according to Maslow’s Hierarchy of Needs. In this particular point in history, there are only these two paths. To charter a new course that does not undermine the lifestyle of the middle class is a relatively easy economic task. However, to solve the tremendous problems that confront the world, like global warming, are also challenges that need to be addressed. The baby boomers will need to make a conscience effort to avoid the course that has been laid out for them and the US as a nation. If they do not, the obvious trends will continue and their children, grandchildren and great grandchildren will pay a terrible price of suffering in the future.

There are several reasons that a new direction is possible. At no time in the history of the world have there ever been such a large number of people (the US Americans) that have had a high standard of living all located in one country. This is a cross generational experience; however, the most recent generation has missed out on a great deal of family and economic experiences as compared to our oldest generation.

In addition, there is a group known as the baby boomers that have a tremendous amount of individual wealth. This wealth is what the “old school capitalist” need to complete their plans for investing in China and India. However, the “old school capitalist” has not spanned as many generations as the number of generations who have enjoyed a higher standard of living. The “old school capitalist” is setting up to make China and India economic super powers and to keep the rest of the world poor by adhering to their old school philosophy of exploiting cheap labor. However, they do not have capital sufficient enough to complete this goal. The baby boomers have the capital that the “old school capitalist” wants. The “old school capitalist” has been waiting for years to take this money through high health care costs. The baby boomers are unique in that they do not hold the same philosophical views as the “old school capitalists” and their in lies a conflict of interest.

The other historical path is to let the “old school capitalist” succeed in their plan. Well that would mean that history will repeat itself and they will make the USA a backwards nation addicted to prescription and nonprescription drugs. A society disenfranchised and lost.

One of the most powerful remedies to this serious problem is the truth and that comes from understanding the plan. By understanding the plan to bring down the US economy and the nation of the USA, what strategies they have and how they continue to apply pressure to speed up the process of bringing down the US economy. They are greedy and they need their money to complete their plan. Understanding these trends and their goals is the most important part of the solution. In part it provides a why to past events in people’s lives. It provides context to current economic and social events that are taking place in the USA. Millions of lives that have been affected by these events in one form or the other can then give some meaning to their lives again at this point in time, because they have some semblance of the truth. The most important part is the truth, because with the truth comes vision and perspective of the future for our public and elected officials as well as those being manipulated. It allows them to be able to make good decisions during difficult times when they know what the truth is. The truth is not the economic solution. The economic solutions come from doing business differently in the US and abroad. To recognize that the enemy is within the US and there are numerous countries, including China and India, to partner with to help the USA and these other countries to steer a new course in history and to avoid the US economic downturn.

-THE END-