It's one thing to tell someone all they have to fear is fear itself—but generally that chipper ass has not seen half of their life savings dissipate in six months, nor are they ever found in the unemployment line.
We are all in grieving mode, and at that stage of denial where it seems possible that the housing market might come roaring back if not next quarter, than the quarter after—surely by next year--and then the heady spendthrift days of the George Bush Era will be back.
However, people are beginning to suspect that neither the magic nor benevolence of the federal government is going to be able to achieve this.
It's time to wish Barack the best, but don't bet your mental health on him.
There is a new order and people, being the adaptable beings we are, will survive and thrive.
I don't know about you, but one thing that always cheers me up are new clothes—so lets start with Recession Chic.
Once upon a time, the words "sustainable fashion" conjured up images of hemp, hippies and, well, not much else. Thrift stores were something your bat ass crazy aunt did. Garage Sales—oh how goosh.
No more—the first step in beating the recession blues is embracing the new world—recycled fashion is in.
So, in preparation for Spring. and a sizzling green house gassed Summer, now is the time to take a pair of old jeans and transform them into the hippest home grown American fashion of them all—daisy dukes, cut offs, daisy dykes, whatever you want to call the style:
But ditch the internal combustion engine...
the style is ideal for the way all the cool kids are getting around these days:
The local swap shop will, unlike the nasty old money sucking mall, have a bike rack.
But those trips to the Supermarkets, which have apparently not gotten the word from the federal government that there is no inflation, are becoming only slightly less unpleasant than glancing at your 401(k).
However, it is really not necessary that you go back in college mode and start living on Top Ramon and Whopper Juniors.
Now is as good a time as any to take a lead from the Vegan Vixens:
Once you have taken care of the cosmetics and health, its time to get down to the roots of your economic melancholia.
Back before the only thing psychiatrists did was pass out Zoloft, they would try to get to the root of what was bothering you—the idea being that this knowledge would set you free.
In the same way, you need to get a grip on what is causing all this economic misery. But, the worst place to find out is watching the daily news.
And Cable News—you might as well shoot yourself.
Take a crash course in libertarianism, classical liberalism, Austrian Economics, common sense, rationality—whatever you want to call it.
Now this may seem strange at first.
Being alibertarian means subjecting yourself to unending scorn and derision despite being inevitably proven correct by events.
It probably sounds frustrating to spend ten years warning people that government policies will inevitably lead to economic collapse, and then when it happens everyone blames the free markets.
For example, see the way the boneheads at FOX News treated Peter Schiff back in 2006, when the topic got around to the housing market:
Of course, we now know he was right, and the guy that was laughing it up is dumber than soap. But except for an occasional op-ed in the Wall Street Journal, and brief appearances on CNN for the sake of variety, no one cares what the man has to say.
Just like they continue to stick their heads in the sand when Schiff and Stephen Roach, Chairman of Morgan Stanley's Asian Operations, a Central Banker, and these other economists explain the fundamental problem with the economy:
That may seem gloomy—but the truth will set you free.
It is liberating once we accept the fact that approximately a third of the people are totally off their rocker, a good chunk of the rest profoundly ignorant, and our leaders are continually blowing smoke up their ass.
You can then go about your life, with the type of smugness and amusement that the gods enjoy as they watch the follies of humans.
Why is it that conventional wisdom is so often wrong? Perhaps part of it is because we are intellectually lazy , and it is just easier to defer to the voices of the loudest—especially if they are...
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