Consumerism Will Come to An End…Eventually

I found this clip over Yahoo Finance and Howard Davidowitz is saying it right.

Click on this link for the video.

From the article itself:

• An $8 trillion negative wealth effect from declining home values.
• A $10 trillion negative wealth effect from weakened capital markets.
• A $14 trillion consumer debt load amid “exploding unemployment”, leading to “exploding bankruptcies.”

Yes, America, you will be starting to save and living in survival mode. You only need food, a roof above your head, a school to send your children and grandchildren to and your mom or pop’s old car.

So what is wrong with living a simple life? There is nothing wrong with it. What’s wrong is to live in the pool of lies and credit card debts – our heads filled with the “American Dream” that we have before.

Wake up folks. Its time to live simply and get our assess to work. To be resourceful and creative during these times. It not the end of the world yet. It is a start of a new way of living. Dont fall in to the predatory credit cards and pre-need bitches.

Wake up and smell the coffee. Start saving money for the rainy days.

Source article: http://finance.yahoo.com/tech-ticker/article/176478/%22Worst-Is-Yet-to-Come%22-Americans%27-Standard-of-Living-Permanently-Changed?tickers=WMT,WFMI,FDO,^GSPC,^DJI,RTH